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Name

As of 11/22/2024

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 FUND

HFLIX | Fund

$7.81

$1.27 B

7.82%

$0.61

0.78%

Vitals

YTD Return

7.6%

1 yr return

9.5%

3 Yr Avg Return

4.9%

5 Yr Avg Return

4.4%

Net Assets

$1.27 B

Holdings in Top 10

13.6%

52 WEEK LOW AND HIGH

$7.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 99.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

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 FUND

HFLIX | Fund

$7.81

$1.27 B

7.82%

$0.61

0.78%

HFLIX - Profile

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.85%
DIVIDENDS
  • Dividend Yield 7.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    THE HARTFORD FLOATING RATE FUND
  • Fund Family Name
    HARTFORD FUNDS
  • Inception Date
    Aug 31, 2006
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Marshak

Fund Description

Under normal circumstances, at least 80% of the Fund’s assets are invested in below-investment-grade variable or floating rate loans (“Floating Rate Loans”) and floating rate securities selected by the sub-adviser, Wellington Management Company LLP (“Wellington Management”). Floating rate securities are defined to include the following securities of any credit quality: floating rate debt securities, money market securities of all types, repurchase agreements, money market funds and short-term bond funds. Wellington Management may use derivatives, such as swaps, for liquidity, risk management or other investment purposes.The Fund may invest in securities of any maturity or duration. The Fund may purchase senior Floating Rate Loans, second lien loans, fixed rate loans and unsecured loans and debt securities. Senior Floating Rate Loans hold the most senior position in the capital structure of a business entity (“Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to that held by subordinated debtholders and stockholders of the Borrower. Additionally, 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.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 may consider financially material environmental, social, and/or governance (“ESG”) characteristics (where available for an issuer) to assess the risk and return potential of an issuer.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.
Read More

HFLIX - Performance

Return Ranking - Trailing

Period HFLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -4.1% 10.1% 56.23%
1 Yr 9.5% -3.7% 14.4% 54.34%
3 Yr 4.9%* -6.9% 8.3% 69.26%
5 Yr 4.4%* -6.2% 38.4% 61.41%
10 Yr 3.9%* -2.2% 19.7% 39.56%

* Annualized

Return Ranking - Calendar

Period HFLIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -12.0% 11.1% 80.45%
2022 -8.2% -22.9% 5.1% 62.93%
2021 0.7% -12.2% 11.1% 68.77%
2020 -2.5% -14.1% 289.8% 44.86%
2019 3.7% -8.1% 7.5% 18.64%

Total Return Ranking - Trailing

Period HFLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -4.1% 10.1% 56.23%
1 Yr 9.5% -3.7% 14.4% 54.34%
3 Yr 4.9%* -6.9% 8.3% 69.26%
5 Yr 4.4%* -6.2% 38.4% 61.41%
10 Yr 3.9%* -2.2% 19.7% 39.56%

* Annualized

Total Return Ranking - Calendar

Period HFLIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.9% -12.0% 22.1% 67.29%
2022 -3.1% -22.9% 5.1% 67.95%
2021 4.7% -10.2% 11.1% 49.80%
2020 1.9% -14.1% 306.9% 44.86%
2019 9.0% -3.6% 10.5% 16.53%

NAV & Total Return History

HFLIX - Holdings

Concentration Analysis

HFLIX Category Low Category High HFLIX % Rank
Net Assets 1.27 B 29.9 M 13.5 B 36.92%
Number of Holdings 370 2 1977 46.12%
Net Assets in Top 10 169 M -191 M 2.37 B 38.37%
Weighting of Top 10 13.64% 5.2% 100.7% 51.36%

Top 10 Holdings

  1. SPDR Blackstone Senior Loan ETF 2.95%
  2. Acrisure LLC 2024 Term Loan B6 1.53%
  3. Peraton Corp Term Loan B 1.25%
  4. HUB International Limited 2024 Term Loan B 1.24%
  5. McAfee LLC 2024 USD Term Loan B 1.22%
  6. UFC Holdings LLC 2021 Term Loan B 1.22%
  7. Sedgwick Claims Management Services Inc 2023 Term Loan B 1.11%
  8. Amentum Government Services Holdings LLC 2022 Term Loan 1.07%
  9. Caesars Entertainment Inc Term Loan B 1.03%
  10. ABG Intermediate Holdings 2 LLC 2024 Term Loan B 1.02%

Asset Allocation

Weighting Return Low Return High HFLIX % Rank
Bonds 		96.15% 0.00% 161.82% 45.74%
Stocks 		4.22% 0.00% 100.74% 21.32%
Convertible Bonds 		0.58% 0.00% 5.51% 9.38%
Other 		0.24% -52.39% 34.87% 33.33%
Cash 		0.09% -61.90% 16.36% 83.72%
Preferred Stocks 		0.00% -3.99% 7.30% 86.43%

Stock Sector Breakdown

Weighting Return Low Return High HFLIX % Rank
Utilities 		0.00% 0.00% 100.00% 86.22%
Technology 		0.00% 0.00% 100.00% 83.11%
Real Estate 		0.00% 0.00% 48.61% 79.11%
Industrials 		0.00% 0.00% 100.00% 83.11%
Healthcare 		0.00% 0.00% 100.00% 79.11%
Financial Services 		0.00% 0.00% 89.61% 81.33%
Energy 		0.00% 0.00% 100.00% 23.56%
Communication Services 		0.00% 0.00% 100.00% 92.89%
Consumer Defense 		0.00% 0.00% 100.00% 84.89%
Consumer Cyclical 		0.00% 0.00% 97.66% 8.00%
Basic Materials 		0.00% 0.00% 1.36% 79.56%

Stock Geographic Breakdown

Weighting Return Low Return High HFLIX % Rank
US 		4.22% -0.01% 100.74% 20.93%
Non US 		0.00% 0.00% 0.68% 86.43%

Bond Sector Breakdown

Weighting Return Low Return High HFLIX % Rank
Corporate 		86.88% 0.00% 99.80% 68.75%
Derivative 		0.24% -10.96% 0.59% 12.79%
Cash & Equivalents 		0.09% 0.00% 25.03% 84.88%
Government 		0.06% 0.00% 3.18% 17.58%
Securitized 		0.00% 0.00% 91.68% 89.84%
Municipal 		0.00% 0.00% 0.47% 85.55%

Bond Geographic Breakdown

Weighting Return Low Return High HFLIX % Rank
US 		82.28% 0.00% 124.50% 82.17%
Non US 		13.87% 0.00% 63.23% 17.44%

HFLIX - Expenses

Operational Fees

HFLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.03% 5.51% 80.38%
Management Fee 0.62% 0.00% 1.89% 49.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

HFLIX 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

HFLIX 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.

HFLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 99.00% 4.00% 180.00% 88.48%

HFLIX - Distributions

Dividend Yield Analysis

HFLIX Category Low Category High HFLIX % Rank
Dividend Yield 7.82% 0.00% 11.13% 68.05%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

HFLIX Category Low Category High HFLIX % Rank
Net Income Ratio 3.85% 1.77% 9.82% 35.04%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HFLIX - Fund Manager Analysis

Managers

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.07 3.25

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