About HFHCX
Hartford Low Duration High Income Fund Class C is a taxable bond mutual fund in the high yield bond category, designed to deliver a high level of income through investments primarily in lower-quality, short-duration debt securities. Its strategy combines a top-down macro perspective, using economic data to gauge risk appetite, with bottom-up security selection via fundamental research to identify income-generating opportunities; it is sub-advised by Wellington Management, leveraging their expertise across asset classes. Key features include an effective duration of approximately 1.20 to 1.27 years, minimizing interest rate sensitivity, and a portfolio of 321-322 holdings diversified across collateralized loan obligations (25%), mortgage-backed securities (20%), high yield credit (15%), bank loans (13%), and other sectors. Credit exposure emphasizes BB/Ba-rated bonds (42-43%), with monthly dividend distributions yielding around 5.43-6.65% (30-day SEC yield), gross expenses of 0.83-1.86%, and net expenses of 0.76-1.76%. Formerly the Hartford Floating Rate High Income Fund, it reoriented in March 2024 toward low-duration high income strategies, playing a vital role in fixed income markets by offering income-focused exposure to high-yield instruments with reduced duration risk amid varying economic conditions.
Fund Family Hartford Mutual Funds
Category High Yield Bond
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol HFHCX
Share Class Class C
Index Morningstar LSTA US Leveraged Loan TR USD
HFHCX had a total return of -0.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.49%.
