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Taxable Bond fund

Hartford Schroders Securitized Income Fund    Share Class - SDR (HITSX)


Objective

The Fund seeks to provide current income and long-term total return consistent with preservation of capital.

Overview

A low duration, multi-sector fixed-income fund that seeks diversification beyond corporate credit through a wide variety of securitized credit instruments.

Portfolio Management
Portfolio Manager
Head of Securitized Credit
2
YRS
MANAGING THIS FUND
5
YRS
AT SCHRODERS
27
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
2
YRS
MANAGING THIS FUND
5
YRS
AT SCHRODERS
23
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio managers are supported by the full resources of Schroders.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Securitized Income SDR 1.72 5.25 --- --- --- 2.04
Benchmark 0.46 3.24 --- --- --- ---
Morningstar Short-Term Bond Category 0.44 2.65 --- --- --- ---
 
CUMULATIVE %
(as of 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Securitized Income SDR 1.72 5.25 --- --- --- 2.04
Benchmark 0.46 3.24 --- --- --- ---
Morningstar Short-Term Bond Category 0.44 2.65 --- --- --- ---

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

SI = Since Inception. Fund Inception: 02/28/2019

Characteristics

FUND ESSENTIALS
Inception Date 02/28/2019
Net Assets $117 million
Gross Operating Expenses 1.30%
Net Operating Expenses 1.08%
Morningstar Category Short-Term Bond
Lipper Classification Loan Participation Funds
CUSIP 41665X529
Fund Number 1737
Fixed Income Holdings (%)
Bellemeade Re Ltd. 5.52
Towd Point Mortgage Trust 5.51
RMAC Securities plc 5.32
Preston Ridge Partners Mortgage Trust LLC 4.98
Alba plc 4.24
Home Re Ltd. 3.93
Income Contingent Student Loan plc 3.86
FHLMC Mortgage Backed Securities (POOLS) 3.82
Cordatus CLO plc 2.96
Eagle RE Ltd. 2.90
Total Portfolio % 43.04
Towd Point Mortgage Trust 6.98
Bellemeade Re Ltd. 6.92
RMAC Securities plc 6.24
Alba plc 5.02
Income Contingent Student Loan 4.40
FHLMC Mortgage Backed Securities (POOLS) 4.33
Preston Ridge Partners Mortgage Trust LLC 4.00
CIFC Funding Ltd. 3.01
LCM XIII L.P. 2.94
FNMA Mortgage Backed Securities (POOLS) 2.71
Total Portfolio % 46.55
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
5/28/2021 9.93 $0.0123 $0.0000 $0.0000 $0.0123
4/30/2021 9.92 $0.0128 $0.0000 $0.0000 $0.0128
3/30/2021 9.90 $0.0127 $0.0000 $0.0000 $0.0127
2/26/2021 9.91 $0.0134 $0.0000 $0.0000 $0.0134
1/29/2021 9.91 $0.0150 $0.0000 $0.0000 $0.0150
12/30/2020 9.84 $0.0459 $0.0000 $0.0000 $0.0459
12/18/2020 9.88 $0.0000 $0.0000 $0.0000 $0.0000
11/27/2020 9.84 $0.0159 $0.0000 $0.0000 $0.0159
10/30/2020 9.78 $0.0137 $0.0000 $0.0000 $0.0137
9/29/2020 9.79 $0.0147 $0.0000 $0.0000 $0.0147
8/31/2020 9.76 $0.0148 $0.0000 $0.0000 $0.0148
7/31/2020 0.00 $0.0182 $0.0000 $0.0000 $0.0182
6/29/2020 0.00 $0.0149 $0.0000 $0.0000 $0.0149

Fund Literature


07/27/2021 - PDF (200 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
03/31/2021 - PDF (234 KB)
Current quarterly commentary from our sub-adviser, Schroders, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
PDF (3 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. • The risks associated with mortgage-related and asset-backed securities as well as collateralized loan obligations (CLOs) include credit, interest-rate, prepayment, liquidity, default and extension risk. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, regulatory and counterparty risk. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. • Restricted securities may be more difficult to sell and price than other securities. • The purchase of securities in the To-Be-Announced (TBA) market can result in higher portfolio turnover and related expenses as well as price and counterparty risk. • The Fund may use repurchase agreements, or reverse repurchase agreements, which can increase risk and volatility. • Use of leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • Integration of environmental, social, and/or governance (ESG) factors into the investment process may not work as intended.

 

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The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, ETF or closed-end interval fund prospectus or summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds and the closed-end interval fund are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA/SIPC. Exchange-traded products are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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