About HFHAX
Hartford Low Duration High Income Fund Class A is a mutual fund designed to deliver a high level of income through investments in short-duration, high-yield fixed income securities. Launched on September 30, 2011, it falls within the Morningstar High Yield Bond category and employs a dual approach: a top-down macro perspective using economic data to gauge risk appetite, combined with bottom-up fundamental research for security selection. Sub-advised by Wellington Management, the fund benefits from experienced portfolio managers like Alyssa Irving (29 years) and Marc K. Piccuirro, CFA (24 years), emphasizing independent thought across asset classes.
The portfolio features broad sector exposure, including 25% in collateralized loan obligations, 20% in mortgage-backed securities, 15% in high yield credit, and 13% in bank loans, with an effective duration of approximately 1.27 years to mitigate interest rate sensitivity. Credit quality tilts toward lower-rated securities, with 43% BB-rated, 18% B-rated, and minimal exposure to investment-grade or below CCC. It holds 322 securities from 260 issuers, totaling $146 million in net assets, and pays monthly dividends, offering yields like a 30-Day SEC Yield of 6.65% for Class I (net expense ratio 1.01% for Class A, including a sales charge).
Renamed effective March 1, 2024, from Hartford Floating Rate High Income Fund, it plays a key role in income-focused portfolios seeking higher yields with controlled duration risk in the taxable bond market.
Fund Family Hartford Mutual Funds
Category High Yield Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol HFHAX
Share Class Class A
Index Morningstar LSTA US Leveraged Loan TR USD
HFHAX had a total return of 4.28% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.53%.
