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HFLSX Hartford Floating Rate R4

  • Fund
  • HFLSX
  • Price as of: Jan 19, 2018
  • $8.75
  • + $0.01
  • + 0.11%
  • Category
  • Bank Loan

HFLSX - Profile

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $3.99 B
  • Holdings in Top 10 12.2%

52 WEEK LOW AND HIGH

$8.75
$8.67
$8.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 62.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$0

Investment Themes

CATEGORY

Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.65%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Hartford Floating Rate Fund
  • Fund Family Name Hartford Mutual Funds
  • Inception Date Dec 22, 2006
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Michael J. Bacevich

Fund Description

The fund normally invests at least 80% of its assets in below-investment-grade variable or floating rate loans and floating rate securities selected by the sub-adviser, Wellington Management Company LLP ("Wellington Management"). The fund may invest up to 25% of its net assets in loans of foreign Borrowers and securities of foreign issuers, and up to 10% of its net assets in foreign loans or securities that are denominated in a foreign currency.

HFLSX - Performance

Return Ranking - Trailing

Period HFLSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.3% -0.9% 4.4% 41.71% 3
1 Yr 4.4% -1.0% 12.4% 21.70% 2
3 Yr 4.3% * 0.2% 5.9% 26.44% 2
5 Yr 3.5% * 0.8% 5.9% 45.90% 3
10 Yr 3.8% * 0.3% 6.4% 49.00% 3

* Annualized


Return Ranking - Calendar

Period HFLSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.7% -5.3% 6.5% 10.48% 1
2016 6.5% -12.2% 7.9% 16.43% 2
2015 -6.0% -10.4% 0.0% 47.83% 4
2014 -4.1% -6.9% 12.5% 57.64% 5
2013 1.0% -1.3% 11.2% 27.84% 2

Total Return Ranking - Trailing

Period HFLSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.3% -0.9% 4.4% 41.23% 3
1 Yr 4.4% -2.8% 12.4% 16.04% 1
3 Yr 4.3% * 0.1% 5.9% 20.67% 2
5 Yr 3.5% * 0.8% 5.9% 36.61% 2
10 Yr 3.8% * 0.3% 6.4% 44.00% 3

* Annualized


Total Return Ranking - Calendar

Period HFLSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.7% -5.3% 6.5% 9.52% 1
2016 6.5% -12.2% 10.8% 25.60% 2
2015 -6.0% -8.8% 2.9% 54.59% 4
2014 -4.1% -6.9% 12.5% 62.25% 5
2013 1.0% -1.3% 11.2% 35.80% 3

NAV & Total Return History

HFLSX - Holdings

Filings data as of: Nov 30, 2017

Concentration Analysis

HFLSX Category Low Category High HFLSX % Rank Quintile
Net Assets 3.99 B 23.7 M 14.3 B 4.72% 1
Number of Holdings 336 63 1674 18.40% 4
Net Assets in Top 10 525 M -331 M 2.04 B 6.13% 2
Weighting of Top 10 12.2% 4.6% 224.2% 13.21% 3

Top 10 Holdings

  1. Sprint Communications Inc Term Loan B 1.78%
  2. Level 3 Financing Inc Tranche B 2024 1.68%
  3. CAESARS ENTERTAINMENT OP COMP EXIT TERM LOAN 1.58%
  4. CAESARS RESORT COLLECTION LLC 2017 1ST LIEN TERM LOAN B 1.46%
  5. FIRST DATA CORP 2024A NEW DOLLAR TERM LOANS 1.17%
  6. MAXAR TECHNOLOGIES LTD TERM LOAN B 0.96%
  7. Transdigm Inc Term Loan F Amend/Extend 0.93%
  8. Tempo Acquisition Llc Term Loan B 0.92%
  9. Cdw Llc Term Loan 0.89%
  10. Caesars Entmt Resort Pptys Llc Term Loan B 0.83%

Asset Allocation

Weighting Category Low Category High HFLSX % Rank Quintile
Bonds
94.67% 5.65% 143.45% 7.55% 2
Other
2.76% -0.18% 10.53% 11.32% 2
Preferred Stocks
1.20% 0.00% 6.86% 1.89% 1
Stocks
0.56% 0.00% 8.49% 7.55% 2
Cash
0.52% -48.03% 87.26% 24.06% 4
Convertible Bonds
0.30% 0.00% 4.20% 3.30% 1

Stock Sector Breakdown

Weighting Category Low Category High HFLSX % Rank Quintile
Utilities
0.23% 0.00% 0.51% 2.82% 1
Industrials
0.08% 0.00% 0.32% 2.82% 1
Basic Materials
0.06% 0.00% 1.60% 7.91% 2
Consumer Cyclical
0.02% 0.00% 0.85% 9.60% 3
Technology
0.00% 0.00% 0.00% 0.56% 3
Real Estate
0.00% 0.00% 0.61% 4.52% 3
Healthcare
0.00% 0.00% 0.13% 2.26% 3
Financial Services
0.00% 0.00% 0.16% 1.69% 3
Energy
0.00% 0.00% 1.33% 11.30% 4
Communication Services
0.00% 0.00% 0.13% 3.95% 3
Consumer Defense
0.00% 0.00% 0.13% 3.39% 3

Stock Geographic Breakdown

Weighting Category Low Category High HFLSX % Rank Quintile
US
0.54% 0.00% 8.49% 7.08% 2
Non US
0.02% 0.00% 0.45% 4.72% 2

Bond Sector Breakdown

Weighting Category Low Category High HFLSX % Rank Quintile
Corporate
91.81% 27.44% 100.59% 7.55% 2
Cash & Equivalents
0.52% -46.73% 164.55% 23.58% 4
Derivative
0.00% -33.31% 19.29% 3.77% 3
Securitized
0.00% 0.00% 52.04% 16.98% 5
Municipal
0.00% 0.00% 1.96% 2.36% 3
Government
0.00% -115.02% 47.76% 5.66% 4

Bond Geographic Breakdown

Weighting Category Low Category High HFLSX % Rank Quintile
US
61.61% -54.19% 111.71% 25.94% 5
Non US
33.06% 0.00% 78.18% 5.19% 1

HFLSX - Expenses

Operational Fees

HFLSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.06% 0.49% 2.62% 29.72% 3
Management Fee 0.60% 0.00% 1.00% 6.13% 3
12b-1 Fee 0.25% 0.00% 1.00% 8.55% 2
Administrative Fee 0.15% 0.03% 0.40% 5.93% 4

Sales Fees

HFLSX Fees (% of AUM) Category Low Category High HFLSX Rank Quintile
Front Load N/A 0.75% 4.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

HFLSX Fees (% of AUM) Category Low Category High HFLSX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HFLSX Fees (% of AUM) Category Low Category High HFLSX Rank Quintile
Turnover 62.00% 13.00% 243.00% 14.62% 2

HFLSX - Distributions

Dividend Yield Analysis

HFLSX Category Low Category High HFLSX % Rank Quintile
Dividend Yield 0.4% 0.14% 1.63% 40.19% 3

Dividend Distribution Analysis

HFLSX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

HFLSX Category Low Category High HFLSX % Rank Quintile
Net Income Ratio 3.65% 1.66% 6.09% 39.15% 4

Capital Gain Distribution Analysis

HFLSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

HFLSX - Managers

Michael J. Bacevich

Lead Manager

Start Date

Jun 30, 2005

Tenure

12.51

Tenure Rank

1.4%

Michael J. Bacevich, Managing Director and Fixed Income Portfolio Manager of Wellington Management. As a bank loan portfolio manager, Mike's primary focus is managing Wellington Management's subadvised bank loan mutual funds. He is also a member of the High Yield Strategy Group. Prior to joining the firm in 2012, Mike was a managing director and senior bank loan portfolio manager for Hartford Investment Management, where he managed the firm's mutual fund, insurance, and institutional loan assets (2004 —2012). He began his bank loan career in 1988 working for several banks and investment firms before joining Hartford Investment Management. Mike earned his MBA in finance from the University of Chicago (1988) and his BS from the United States Military Academy at West Point (1981).


Jeffrey W. Heuer

Manager

Start Date

Sep 28, 2017

Tenure

0.26

Tenure Rank

18.6%

Jeffrey W. Heuer, CFA, is Managing Director and Fixed Income Portfolio Manager of Wellington Management. Mr. Heuer joined Wellington Management as an investment professional in 2001, and has covered high yield bonds in the retail and supermarket, gaming, lodging, tobacco, textiles, and restaurant sectors. Prior to joining Wellington Management, Mr. Heuer worked as a leveraged loan analyst at CypressTree Investment Management, where he analyzed credits in the consumer products, textiles, cyclicals, and telecommunications industries (1999 – 2001). Mr. Heuer also held several credit analysis and lending positions at the former Chase Manhattan Bank and its predecessor organizations (1989 – 1998). Mr. Heuer received his MBA, with distinction, from the University of Pennsylvania (Wharton, 1994) and his BA from Williams College (1989). Additionally, Mr. Heuer holds the Chartered Financial Analyst designation.


David B. Marshak

Manager

Start Date

Sep 28, 2017

Tenure

0.26

Tenure Rank

18.6%

David B. Marshak, Managing Director and Fixed Income Portfolio Manager of Wellington Management, has served as portfolio manager of the Fund since 2015. Mr. Marshak joined Wellington Management as an investment professional in 2004.


Tenure Analysis

Category Low

0.0

Category High

21.4

Category Average

6.32

Category Mode

3.0