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Name

As of 12/06/2023

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

HFHSX | Fund

$8.91

$300 M

8.49%

$0.76

1.22%

Vitals

YTD Return

9.5%

1 yr return

9.5%

3 Yr Avg Return

2.9%

5 Yr Avg Return

3.2%

Net Assets

$300 M

Holdings in Top 10

19.4%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

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 12/06/2023

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

HFHSX | Fund

$8.91

$300 M

8.49%

$0.76

1.22%

HFHSX - Profile

Distributions

  • YTD Total Return 9.5%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.68%
DIVIDENDS
  • Dividend Yield 8.5%
  • 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
    R4
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Heuer

Fund Description

The Fund will invest in floating rate loans, floating rate debt securities and investments that are the economic equivalent of floating rate investments to effectively enable the Fund to achieve a floating rate of income. In order to seek a higher current income or for liquidity purposes, the Fund will invest in high yield fixed-rate bonds (also referred to as “junk bonds”). Under normal circumstances, at least 80% of the Fund’s assets will be invested in a portfolio of: (i) below-investment grade variable or floating rate loans (“Floating Rate Loans”) and floating rate securities; (ii) high yield fixed-rate loans or debt securities with respect to which the Fund has entered into interest rate swaps to effectively convert the fixed-rate interest payments into floating-rate interest payments; and (iii) fixed-rate instruments with a duration of less than or equal to one year, including money market securities of all types, repurchase agreements, and shares of money market and short-term bond funds. The Fund normally invests primarily in interests in senior Floating Rate Loans (that are either secured or unsecured) and floating rate securities. The Fund may invest in securities of any maturity or duration. The Fund may invest up to 100% of its net assets in below-investment grade debt securities. Additionally, the Fund may invest up to 40% of its net assets in loans of foreign borrowers and debt securities of foreign issuers, and up to 25% of its net assets in foreign loans or debt securities that are denominated in a foreign currency. The Fund may use foreign currency swaps, foreign currency futures contracts, and forward currency exchange contracts to attempt to mitigate the effects of foreign currency fluctuations and, at a minimum, will use foreign currency swaps, foreign currency futures contracts, and foreign currency exchange contracts to effectively limit non-U.S. currency exposure to 10% of the Fund’s net assets. The extent to which the Fund will invest in loans of foreign borrowers and securities of foreign issuers depends upon the view of the sub-adviser, Wellington Management Company LLP (“Wellington Management”), of the global loan market, and the allocation to such loans and securities may fluctuate over time. The Fund may invest up to 20% of its net assets in fixed-rate loans and debt securities without entering into an interest rate swap. The Fund may invest in “Rule 144A” securities, which are privately placed, restricted securities that may only be resold under certain circumstances to other qualified institutional buyers.The proceeds of Floating Rate Loans primarily are used to finance leveraged buyouts, recapitalizations, mergers, acquisitions, stock repurchases, dividends, and, to a lesser extent, to finance internal growth and for other corporate purposes. While the Fund may invest in Floating Rate Loans that are unsecured, senior Floating Rate Loans typically hold a senior position in the capital structure of a business entity (“Borrower”), and typically are secured by a lien on specific collateral that is senior to claims by subordinated debtholders and stockholders of the Borrower. The Fund may purchase second lien loans, and other subordinated or unsecured loans and debt securities.In order to manage the Fund’s interest rate risk, the Fund may use interest rate swaps. The extent to which the Fund will use interest rate swaps depends on Wellington Management’s view of the interest rate environment and general market conditions. Generally, if Wellington Management expects interest rates to rise, the Fund may buy interest rate swaps to hedge the portion of its assets invested in fixed-rate debt securities. The Fund may trade securities actively.As part of the portfolio construction process, Wellington Management uses “bottom-up” fundamental analysis to analyze each Borrower and issuer and its ability to pay principal and interest in light of its current financial condition, its industry position, and economic and market conditions. Wellington Management’s process focuses on those Borrowers and issuers that generate positive cash flow momentum, exhibit stable or improving debt coverage and have an experienced management team. Wellington Management also evaluates each loan’s and each security’s structural features, covenants, underlying collateral and price compared to its long-term value. As part of this process, Wellington Management focuses on risk management; analysis of the business cycle; and sector and quality positioning. Wellington Management also integrates the evaluation of financially material environmental, social, and/or governance(“ESG”)characteristics(where available foran issuer)into its fundamental analysis.ESG characteristics are one of several factors that contribute to Wellington Management’s overall evaluation of the risk and return potential of an issuer.
Read More

HFHSX - Performance

Return Ranking - Trailing

Period HFHSX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.5% -11.0% 17.6% 71.00%
1 Yr 9.5% -13.9% 15.3% 71.75%
3 Yr 2.9%* -5.9% 7.0% 80.00%
5 Yr 3.2%* -6.5% 37.1% 68.64%
10 Yr 3.1%* -1.7% 19.1% 51.43%

* Annualized

Return Ranking - Calendar

Period HFHSX Return Category Return Low Category Return High Rank in Category (%)
2022 -9.2% -22.9% 5.1% 72.52%
2021 1.0% -12.2% 11.1% 47.06%
2020 -2.6% -14.1% 289.8% 50.41%
2019 4.0% -8.1% 7.5% 11.86%
2018 -6.1% -12.2% -0.7% 91.11%

Total Return Ranking - Trailing

Period HFHSX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.5% -11.0% 17.6% 71.00%
1 Yr 9.5% -13.9% 15.3% 71.75%
3 Yr 2.9%* -5.9% 7.0% 80.00%
5 Yr 3.2%* -6.5% 37.1% 68.64%
10 Yr 3.1%* -1.7% 19.1% 51.43%

* Annualized

Total Return Ranking - Calendar

Period HFHSX Return Category Return Low Category Return High Rank in Category (%)
2022 -4.5% -22.9% 5.1% 78.24%
2021 4.9% -9.6% 11.7% 45.49%
2020 1.5% -14.1% 306.9% 58.20%
2019 9.2% -3.6% 10.5% 11.44%
2018 -0.7% -5.2% 2.5% 56.00%

NAV & Total Return History

HFHSX - Holdings

Concentration Analysis

HFHSX Category Low Category High HFHSX % Rank
Net Assets 300 M 4.48 M 11.9 B 69.60%
Number of Holdings 241 2 1605 75.45%
Net Assets in Top 10 57.6 M -191 M 1.71 B 58.84%
Weighting of Top 10 19.43% 5.0% 100.8% 26.45%

Top 10 Holdings

  1. BlackRock Liquidity FedFund 4.36%
  2. SPDR Blackstone Senior Loan ETF 2.45%
  3. UFC Holdings, LLC 2021 Term Loan B 1.66%
  4. Crown Finance US Inc 2022 DIP Term Loan 1.63%
  5. Open Text Corporation 2022 Term Loan B 1.63%
  6. McAfee, LLC 2022 USD Term Loan B 1.60%
  7. Asurion LLC 2021 2nd Lien Term Loan B3 1.58%
  8. MH Sub I, LLC 2023 Term Loan 1.51%
  9. Sedgwick Claims Management Services Inc 2023 Term Loan B 1.51%
  10. 1011778 B.C. Unlimited Liability Company Term Loan B4 1.50%

Asset Allocation

Weighting Return Low Return High HFHSX % Rank
Bonds 		92.04% 0.00% 161.82% 71.84%
Cash 		5.61% -61.90% 21.25% 31.77%
Stocks 		3.52% 0.00% 100.77% 23.10%
Convertible Bonds 		0.76% 0.00% 5.51% 3.27%
Other 		0.46% -52.39% 26.58% 21.66%
Preferred Stocks 		0.00% -3.99% 6.42% 69.31%

Stock Sector Breakdown

Weighting Return Low Return High HFHSX % Rank
Utilities 		0.00% 0.00% 100.00% 50.67%
Technology 		0.00% 0.00% 100.00% 48.89%
Real Estate 		0.00% 0.00% 48.61% 32.44%
Industrials 		0.00% 0.00% 100.00% 55.11%
Healthcare 		0.00% 0.00% 100.00% 35.11%
Financial Services 		0.00% 0.00% 89.61% 44.00%
Energy 		0.00% 0.00% 100.00% 4.44%
Communication Services 		0.00% 0.00% 100.00% 74.67%
Consumer Defense 		0.00% 0.00% 100.00% 54.67%
Consumer Cyclical 		0.00% 0.00% 97.66% 60.00%
Basic Materials 		0.00% 0.00% 1.36% 40.00%

Stock Geographic Breakdown

Weighting Return Low Return High HFHSX % Rank
US 		3.52% -0.01% 100.77% 23.10%
Non US 		0.00% 0.00% 0.68% 62.09%

Bond Sector Breakdown

Weighting Return Low Return High HFHSX % Rank
Corporate 		86.33% 0.00% 141.23% 71.64%
Cash & Equivalents 		5.61% 0.00% 25.03% 31.77%
Derivative 		0.46% -8.79% 0.77% 7.22%
Government 		0.09% 0.00% 3.18% 12.00%
Securitized 		0.00% 0.00% 91.68% 76.73%
Municipal 		0.00% 0.00% 0.47% 55.27%

Bond Geographic Breakdown

Weighting Return Low Return High HFHSX % Rank
US 		84.16% 0.00% 144.71% 75.09%
Non US 		7.88% 0.00% 63.23% 27.44%

HFHSX - Expenses

Operational Fees

HFHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.03% 12.26% 45.52%
Management Fee 0.70% 0.00% 1.89% 75.00%
12b-1 Fee 0.25% 0.00% 1.00% 39.01%
Administrative Fee N/A 0.02% 0.27% 65.66%

Sales Fees

HFHSX 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% 3.00% N/A

Trading Fees

HFHSX 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.

HFHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 132.00% 4.00% 180.00% 92.75%

HFHSX - Distributions

Dividend Yield Analysis

HFHSX Category Low Category High HFHSX % Rank
Dividend Yield 8.49% 0.00% 10.03% 54.39%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

HFHSX Category Low Category High HFHSX % Rank
Net Income Ratio 3.68% 1.77% 9.82% 43.75%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HFHSX - 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 6.04 3.25

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