About HAHRX
Hartford High Yield Fund Class R3 is a mutual fund designed to deliver high current income and long-term total return through investments primarily in non-investment grade, high-yield bonds. It normally allocates at least 80% of its assets, and potentially up to 100%, to these lower-rated securities, often referred to as junk bonds, which offer higher yields to compensate for increased credit risk. Sub-advised by Wellington Management, the fund employs a disciplined process emphasizing macroeconomic conditions and issuers' free cash flow generation, supported by collaborative global research across asset classes. Key characteristics include a net asset value around 7.19, total assets of approximately 467.7 million, an expense ratio of 1.27%, and a 0.50% distribution and service fee under a Rule 12b-1 plan. Tailored for retirement plans such as 401(k)s and 457 plans through omnibus accounts, it features monthly dividend distributions, an effective duration of about 2.77 years, and a diversified portfolio of around 352 holdings spanning sectors like consumer cyclical, financial institutions, communications, and energy. With a yield to worst near 6.21%, it plays a significant role in fixed-income markets by providing income-oriented exposure to high-yield debt for institutional retirement investors.
Fund Family Hartford Mutual Funds
Category High Yield Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol HAHRX
Share Class Class R3
Index Bloomberg U.S. Corporate High Yield TR
HAHRX had a total return of 0.86% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.70%.
