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
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol HFHIX
Share Class Class I
Index Morningstar LSTA US Leveraged Loan TR USD
HFHIX had a total return of 4.51% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.70%.
