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Taxable Bond fund

Hartford Total Return Bond Fund    Share Class - I (ITBIX)


Effective as of the close of business on 3/29/19, Class C of the Fund closed to new investors, except as disclosed in the prospectus.

Objective

Seeks a competitive total return with income as a secondary objective.

Overview

A diversified bond fund that invests in investment grade debt with tactical investments in high yield and non-US dollar bonds

Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
11
YRS
MANAGING THIS FUND
20
YRS
AT WELLINGTON MANAGEMENT
35
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
11
YRS
MANAGING THIS FUND
23
YRS
AT WELLINGTON MANAGEMENT
26
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
7
YRS
MANAGING THIS FUND
16
YRS
AT WELLINGTON MANAGEMENT
25
YRS
EXPERIENCE IN THIS INDUSTRY

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

FUND PROCESS VIDEO
Hartford Total Return Bond Fund Process Video


Joseph Marvan, CFA

Senior Managing Director, Fixed-Income Portfolio Manager

Joseph Marvan video

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 2/28/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 2/28/2023)
YTD 1YR 3YR 5YR 10YR SI
Hartford Total Return Bond I 0.99 -9.66 -3.10 0.93 1.46 4.22
Benchmark 0.41 -9.72 -3.77 0.53 1.12 ---
Morningstar Intermediate Core-Plus Bond Category 1.00 -9.49 -3.05 0.66 1.32 ---
 
CUMULATIVE %
(as of 12/31/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford Total Return Bond I -14.08 -14.08 -2.40 0.34 1.37 4.20
Benchmark -13.01 -13.01 -2.71 0.02 1.06 ---
Morningstar Intermediate Core-Plus Bond Category -13.27 -13.27 -2.43 0.15 1.25 ---

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: 07/22/1996

Share Class Inception: 8/31/06.
Class I-share performance prior to its inception date reflects Class A-share performance (excluding sales charges) and operating expenses. SI performance is calculated from 7/22/96.

Hartford Total Return Bond Fund I Share Morningstar Ratings
Morningstar awarded the Fund a
Bronze analyst rating on 12/16/2022

Characteristics

FUND ESSENTIALS
Inception Date 07/22/1996
Net Assets $3.0 billion
Total Operating Expenses 0.37%
Morningstar Category Intermediate Core-Plus Bond
Lipper Classification Core Bond Funds
CUSIP 416649820
Fund Number 1318
FUND STATS
Dividend Frequency
Monthly
# of Holdings
1487
Holdings Characteristics
Yield to Worst (%)
5.64%
Effective Duration
6.97 yrs
Credit Exposure (%)
Aaa/AAA 79
Aa/AA 3
A 8
Baa/BBB 15
Ba/BB 6
B 1
Caa/CCC or lower 1
Not Rated 3
Cash & Cash Offsets -17
Credit exposure is the credit ratings for the underlying securities of the Fund as provided by Standard and Poor's (S&P), Moody's Investors Service, or Fitch and typically range from AAA/Aaa (highest) to C/D (lowest). If S&P, Moody's, and Fitch assign different ratings, the median rating is used. If only two agencies assign ratings, the lower rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated." Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.
Top Ten Issuers (%)
UMBS 24.67
U.S. Treasury Bonds 17.10
U.S. Treasury Notes 11.41
GNMA Mortgage Backed Securities (POOLS) 9.46
FHLMC Mortgage Backed Securities (POOLS) 2.04
FNMA Mortgage Backed Securities (POOLS) 1.35
Bank of America Corp. 0.88
Preston Ridge Partners Mortgage Trust LLC 0.78
New Residential Mortgage Loan Trust 0.76
JP Morgan Chase & Co. 0.70
Total Portfolio % 69.15
UMBS 26.23
U.S. Treasury Bonds 14.13
U.S. Treasury Notes 10.03
GNMA Mortgage Backed Securities (POOLS) 8.63
FHLMC Mortgage Backed Securities (POOLS) 2.72
FNMA Mortgage Backed Securities (POOLS) 1.81
Bank of America Corp. 0.90
New Residential Mortgage Loan Trust 0.84
Preston Ridge Partners Mortgage Trust LLC 0.84
JP Morgan Chase & Co. 0.80
Total Portfolio % 66.93
Yields (%) (as of 2/28/23)
Distribution Yield at NAV
3.12
30-Day SEC Yield
3.70
Unsubsidized 30-Day SEC Yield
3.70
Asset Allocation Exposure (%)
Mortgage Backed Securities 48
United States Government 28
Investment Grade Credit 21
Asset Backed Securities 7
High Yield Credit 6
Commercial Mortgage Backed Securities 5
Developed Government and Related (Non-US $) 1
Emerging Market Debt 1
Other 0
Bank Loans 0
Cash, Cash Equivalents and Cash Offsets -17
Mortgage Backed Securities 50
United States Government 25
Investment Grade Credit 21
Asset Backed Securities 8
High Yield Credit 6
Commercial Mortgage Backed Securities 5
Developed Government and Related (Non-US $) 2
Emerging Market Debt 0
Other 0
Bank Loans 0
Cash, Cash Equivalents and Cash Offsets -16
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
2/28/2023 8.93 $0.0232 $0.0000 $0.0000 $0.0232
1/31/2023 9.17 $0.0250 $0.0000 $0.0000 $0.0250
12/30/2022 8.89 $0.0263 $0.0000 $0.0000 $0.0263
12/16/2022 9.10 $0.0000 $0.0000 $0.0000 $0.0000
11/30/2022 8.90 $0.0256 $0.0000 $0.0000 $0.0256
10/31/2022 8.61 $0.0224 $0.0000 $0.0000 $0.0224
9/30/2022 8.74 $0.0266 $0.0000 $0.0000 $0.0266
8/31/2022 9.22 $0.0278 $0.0000 $0.0000 $0.0278
7/29/2022 9.45 $0.0257 $0.0000 $0.0000 $0.0257
6/30/2022 9.23 $0.0237 $0.0000 $0.0000 $0.0237
5/31/2022 9.50 $0.0215 $0.0000 $0.0000 $0.0215
4/29/2022 9.48 $0.0207 $0.0000 $0.0000 $0.0207
3/31/2022 9.89 $0.0189 $0.0000 $0.0000 $0.0189
Past distributions are not indicative of future distributions.

Fund Literature


12/31/2022 - PDF (243 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
12/31/2022 - PDF (213 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
12/31/2022 - PDF (196 KB)
Historical view of rising interest rates, and impact on respective Morningstar Categories.
12/31/2022 - PDF (251 KB)
This flyer provides additional detail on the Hartford Total Return Bond Fund.
02/28/2023 - PDF (182 KB)
Current monthly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, and positioning and outlook for the Fund.
12/31/2022 - PDF (344 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (148 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
12/31/2022 - PDF (390 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
12/31/2022 - PDF (418 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
PDF (2 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
PDF (2 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.
PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
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. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. • 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. • 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. • 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. • 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. These risks may be greater for investments in emerging markets. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • 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. • Changes related to LIBOR could have an adverse impact on financial instruments that reference this rate. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability.

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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, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs 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 (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, 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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