About HFHIX
Hartford Low Duration High Income Fund Class I is a mutual fund designed to deliver a high level of current income through investments primarily in non-investment grade debt securities, commonly known as high yield or junk bonds. Launched on September 30, 2011, it falls within the High Yield Bond category and is sub-advised by Wellington Management, leveraging their expertise in independent thought and collaboration across asset classes. The fund employs a top-down macro perspective using economic data to gauge risk appetite, combined with bottom-up fundamental research for security selection focused on income potential.
Key features include a low effective duration of approximately 1.2 to 1.45 years, minimizing interest rate sensitivity, and monthly dividend distributions with yields around 5.4% to 7.17%. Its portfolio, comprising over 320 holdings across 260 issuers, emphasizes collateralized loan obligations (25%), mortgage-backed securities (20%), high yield credit (15%), and bank loans (13%), with significant exposure to BB/Ba-rated securities (42-43%). Top holdings feature government mortgage entities like Federal Home Loan Mortgage Corp. and Federal National Mortgage Association securities, alongside CLOs such as Palmer Square CLO Ltd.
With net assets around $146-148 million and a net expense ratio of 0.73-0.76%, the fund plays a vital role in fixed income markets by offering income-oriented investors access to short-duration, high-yield strategies amid varying economic conditions.
Fund Family Hartford Mutual Funds
Category High Yield Bond
Stock Exchange NASDAQ
Ticker Symbol HFHIX
Share Class Class I
Index Morningstar LSTA US Leveraged Loan TR USD
HFHIX had a total return of 6.94% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.34%.
