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Bank Loans: 2019 in Review and a Positive View of 2020

December 2019 
By David Marshak

Issuer fundamentals remain strong, interest coverage is near all-time highs, and we believe defaults will remain low.

Insight from our sub-adviser Wellington Management
David Marshak
Managing Director and Portfolio Manager of the Hartford Floating Rate and Hartford Floating Rate High Income Funds

 

As we approach 2020, I want to provide a summary of the key performance drivers of 2019, the current state of the bank-loan market, and our positive perspective for 2020.




Past performance does not guarantee future results. 

Important Risks: Investing involves risk, including the possible loss of principal.● Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. ● Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. 

WP513 215084