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Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Hartford Floating Rate High Income Fund

HFHTX | Fund

$8.77

$185 M

0.00%

0.81%

Vitals

YTD Return

1.4%

1 yr return

9.4%

3 Yr Avg Return

3.1%

5 Yr Avg Return

3.3%

Net Assets

$185 M

Holdings in Top 10

22.5%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 132.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Hartford Floating Rate High Income Fund

HFHTX | Fund

$8.77

$185 M

0.00%

0.81%

HFHTX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    The Hartford Floating Rate High Income Fund
  • Fund Family Name
    HARTFORD FUNDS
  • Inception Date
    Sep 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    R5
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Heuer

Fund Description

The Fund seeks to achieve its investment objective by investing primarily in debt securities that the sub-adviser, Wellington Management Company LLP (“Wellington Management”), considers to be attractive from a yield perspective. The Fund normally invests at least 65% of its net assets in non-investment grade debt securities (also known as “junk bonds”). The Fund may invest in various types of debt securities, including, but not limited to, securitized debt, such as floating-rate and fixed rate collateralized loan obligations (“CLOs”), mortgage-backed securities, credit risk transfer securities, and asset-backed securities; corporate bonds; bank loans and loan participation interests; convertible securities; and U.S. government and agency securities. The Fund may invest in foreign debt securities.In order to manage the Fund’s interest rate risk (including the Fund’s duration), the Fund may use derivatives such as Treasury futures, options and/or interest rate swaps. The Fund normally will maintain a dollar weighted average duration of less than 3 years. Duration is a measure of the sensitivity of a fixed income security’s price to changes in interest rates. The Fund’s average duration measure incorporates a bond’s yield, coupon, final maturity, and the effect of derivatives that may be used to manage the Fund’s interest rate risk. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis, including securities acquired or sold in the to be announced (TBA) market. The Fund may invest in certain restricted securities, such as securities that are only eligible for resale pursuant to Rule 144A, and securities of U.S. and non-U.S. issuers that are issued pursuant to Regulation S. The Fund may trade securities actively. The portfolio managers may allocate a portion of the Fund’s assets to specialists within Wellington Management who drive individual sector and security selection strategies.Wellington Management combines comprehensive top-down quantitative and macroeconomic analysis with detailed bottom-up research to seek to identify the most attractive investment opportunities.
Read More

HFHTX - Performance

Return Ranking - Trailing

Period HFHTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.4% 4.8% 85.55%
1 Yr 9.4% -6.1% 21.5% 71.10%
3 Yr 3.1%* -5.8% 7.3% 80.00%
5 Yr 3.3%* -7.2% 37.3% 64.68%
10 Yr 3.6%* -2.0% 19.3% 35.03%

* Annualized

Return Ranking - Calendar

Period HFHTX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -12.0% 17.3% 77.95%
2022 -9.3% -22.9% 5.1% 73.83%
2021 0.7% -12.2% 12.0% 66.00%
2020 -2.6% -14.1% 289.8% 50.63%
2019 4.1% -8.1% 14.6% 10.82%

Total Return Ranking - Trailing

Period HFHTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.4% 4.8% 85.55%
1 Yr 9.4% -6.1% 21.5% 71.10%
3 Yr 3.1%* -5.8% 7.3% 80.00%
5 Yr 3.3%* -7.2% 37.3% 64.68%
10 Yr 3.6%* -2.0% 19.3% 35.03%

* Annualized

Total Return Ranking - Calendar

Period HFHTX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -12.0% 30.3% 51.71%
2022 -4.2% -22.9% 5.1% 74.61%
2021 4.9% -10.2% 19.4% 41.20%
2020 1.9% -14.1% 306.9% 48.12%
2019 9.6% -3.6% 23.8% 4.76%

NAV & Total Return History

HFHTX - Holdings

Concentration Analysis

HFHTX Category Low Category High HFHTX % Rank
Net Assets 185 M 29.9 M 13.5 B 80.22%
Number of Holdings 224 2 1605 79.41%
Net Assets in Top 10 53.2 M -191 M 2.48 B 61.40%
Weighting of Top 10 22.47% 5.2% 100.8% 18.45%

Top 10 Holdings

  1. BlackRock Liquidity FedFund 8.79%
  2. SPDR Blackstone Senior Loan ETF 3.58%
  3. HUB International Ltd 2023 Term Loan B 1.53%
  4. UFC Holdings LLC 2021 Term Loan B 1.38%
  5. Caesars Entertainment Inc Term Loan B 1.30%
  6. Acrisure LLC 2020 Term Loan B 1.29%
  7. Amentum Government Services Holdings LLC 2022 Term Loan 1.22%
  8. William Morris Endeavor Entertainment LLC 2018 1st Lien Term Loan 1.17%
  9. Sedgwick Claims Management Services Inc 2023 Term Loan B 1.10%
  10. WEX Inc 2024 Term Loan B 1.10%

Asset Allocation

Weighting Return Low Return High HFHTX % Rank
Bonds 		76.10% 0.00% 161.82% 93.38%
Cash 		17.91% -61.90% 18.85% 1.84%
Stocks 		4.98% 0.00% 100.78% 15.07%
Other 		1.00% -52.39% 26.58% 15.07%
Convertible Bonds 		0.76% 0.00% 5.51% 2.59%
Preferred Stocks 		0.00% -3.99% 6.42% 38.60%

Stock Sector Breakdown

Weighting Return Low Return High HFHTX % Rank
Utilities 		0.00% 0.00% 100.00% 50.22%
Technology 		0.00% 0.00% 100.00% 48.44%
Real Estate 		0.00% 0.00% 48.61% 32.00%
Industrials 		0.00% 0.00% 100.00% 54.67%
Healthcare 		0.00% 0.00% 100.00% 34.67%
Financial Services 		0.00% 0.00% 89.61% 43.56%
Energy 		0.00% 0.00% 100.00% 4.00%
Communication Services 		0.00% 0.00% 100.00% 74.22%
Consumer Defense 		0.00% 0.00% 100.00% 54.22%
Consumer Cyclical 		0.00% 0.00% 97.66% 59.56%
Basic Materials 		0.00% 0.00% 1.36% 39.56%

Stock Geographic Breakdown

Weighting Return Low Return High HFHTX % Rank
US 		4.98% -0.01% 100.78% 12.50%
Non US 		0.00% 0.00% 0.68% 22.79%

Bond Sector Breakdown

Weighting Return Low Return High HFHTX % Rank
Corporate 		86.33% 0.00% 141.23% 71.11%
Cash & Equivalents 		9.78% 0.00% 25.03% 8.82%
Derivative 		1.00% -8.79% 1.12% 2.21%
Government 		0.09% 0.00% 3.18% 11.48%
Securitized 		0.00% 0.00% 91.68% 52.22%
Municipal 		0.00% 0.00% 0.47% 11.48%

Bond Geographic Breakdown

Weighting Return Low Return High HFHTX % Rank
US 		68.80% 0.00% 144.71% 88.24%
Non US 		7.30% 0.00% 63.23% 28.68%

HFHTX - Expenses

Operational Fees

HFHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.03% 12.26% 73.72%
Management Fee 0.60% 0.00% 1.89% 34.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% 42.42%

Sales Fees

HFHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

HFHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

HFHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 132.00% 4.00% 180.00% 91.83%

HFHTX - Distributions

Dividend Yield Analysis

HFHTX Category Low Category High HFHTX % Rank
Dividend Yield 0.00% 0.00% 11.09% 33.21%

Dividend Distribution Analysis

HFHTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HFHTX Category Low Category High HFHTX % Rank
Net Income Ratio 3.97% 1.77% 9.82% 28.84%

Capital Gain Distribution Analysis

HFHTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

HFHTX - Fund Manager Analysis

Managers

Jeffrey Heuer

Start Date

Tenure

Tenure Rank

Sep 28, 2017

4.67

4.7%

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 Marshak

Start Date

Tenure

Tenure Rank

Sep 28, 2017

4.67

4.7%

David B. Marshak, Managing Director and Fixed Income Portfolio Manager of Wellington Management, has been a portfolio manager since 2017 and has been involved in securities analysis since 2012. Mr. Marshak joined Wellington Management as an investment professional in 2004.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.0 3.25

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