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Taxable Bond fund

Hartford Ultrashort Bond HLS Fund    Share Class - HLS IA (HUBAX)



Key Documents
      Actions

      Effective 12/31/17, this Fund is closed to certain qualified pension and retirement plans. For more information, please refer to the fund's statutory prospectus.

      Objective

      Seeks total return and income consistent with preserving capital and maintaining liquidity.

      Overview

      A bond fund that normally invests in investment-grade securities with a duration of less than 1.5 years.

      Portfolio Management
      Senior Managing Director
      Fixed-Income Portfolio Manager
      7
      YRS
      MANAGING THIS FUND
      29
      YRS
      AT WELLINGTON MANAGEMENT
      36
      YRS
      EXPERIENCE IN THIS INDUSTRY

      The portfolio manager is supported by the full resources of Wellington.

      Performance

      PERFORMANCE %
       
      CUMULATIVE %
      (as of 6/30/2021)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 6/30/2021)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Ultrashort Bond HLS IA 0.00 0.16 1.74 1.44 --- 1.04
      Benchmark 0.09 0.21 1.94 1.48 --- ---
      Morningstar Ultrashort Bond Category 0.23 0.98 1.85 1.66 --- ---
       
      CUMULATIVE %
      (as of 6/30/2021)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 6/30/2021)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Ultrashort Bond HLS IA 0.00 0.16 1.74 1.44 --- 1.04
      Benchmark 0.09 0.21 1.94 1.48 --- ---
      Morningstar Ultrashort Bond Category 0.23 0.98 1.85 1.66 --- ---

      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: 10/21/2013

      Prior to 10/21/13, the Fund was managed as a money market fund. Accordingly, performance of the Fund prior to 10/21/13 is not shown. Past performance information for when the Fund was managed as a money market fund is available upon request by calling 1-888-843-7824.

      Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

      Characteristics

      FUND ESSENTIALS
      Inception Date 10/21/2013
      Net Assets $740 million
      Total Operating Expenses 0.46%
      Morningstar Category Ultrashort Bond
      Lipper Classification Short Investment Grade Debt Funds
      CUSIP 416528826
      Fund Number 2001
      Credit Exposure (%)
      Aaa/AAA 61
      Aa/AA 5
      A 17
      Baa/BBB 11
      Ba/BB 0
      B 0
      Caa/CCC or lower 0
      Not Rated 1
      Cash & Cash Offsets 5
      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 (%)
      U.S. Treasury Notes 4.36
      FHLB (POOLS) 4.19
      CarMax Auto Owner Trust 1.70
      Flagship Credit Auto Trust 1.56
      Westlake Automobile Receivables Trust 1.52
      Bank of Montreal/Chicago 1.32
      Carvana Auto Receivables Trust 1.28
      Morgan Stanley 1.24
      Toyota Motor Credit Corp. 1.22
      Citigroup, Inc. 1.14
      U.S. Treasury Notes 5.80
      FHLB (POOLS) 4.11
      CarMax Auto Owner Trust 2.10
      Westlake Automobile Receivables Trust 1.67
      Flagship Credit Auto Trust 1.40
      AmeriCredit Automobile Receivables Trust 1.26
      FFCB (POOLS) 1.18
      Morgan Stanley 1.16
      FHLMC Mortgage Backed Securities (POOLS) 1.14
      Citigroup, Inc. 1.12
      FUND STATS
      Turnover- (6/30/2021)
      70%
      Dividend Frequency
      Annually
      # of Holdings
      401
      distributions and capital gains
      Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
      8/27/2020 10.09 $0.2465 $0.0000 $0.0000 $0.2465
      Past distributions are not indicative of future distributions.

      Fund Literature


      PDF (135 KB)
      A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
      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.
      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. • 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, and counterparty risk. • The risks associated with mortgage-related and asset-backed securities include credit, interest-rate, prepayment, liquidity, default and extension 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. • Repurchase agreements may increase the Fund's risk and volatility.

      Hartford HLS Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Advisory services are provided by Hartford Funds Management Company, LLC (HFMC). The funds are sub-advised by Wellington Management Company LLP, which is not affiliated with HFD and HFMC.

      BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, "Barclays"), used under license. Bloomberg or Bloomberg's licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

       

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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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