About HFHTX
Hartford Low Duration High Income Fund Class R5 is a taxable bond mutual fund designed to deliver a high level of income while emphasizing low duration to mitigate interest rate risk. It pursues this goal through a diversified portfolio of primarily high yield debt securities from U.S. issuers, including collateralized loan obligations, mortgage-backed securities from agencies like Government National Mortgage Association and Federal Home Loan Mortgage Corp., and holdings such as Palmer Square CLO Ltd. and BX Trust. Sub-advised by Wellington Management, the fund employs a top-down macro perspective for risk appetite alongside bottom-up security selection for optimal income opportunities. Key characteristics include an effective duration of 1.20 years, monthly dividend frequency, yield to worst around 6.48%, and a credit quality profile dominated by BB-rated securities at 42%, with 321 total holdings. Formerly known as the Hartford Floating Rate High Income Fund, it underwent a strategic shift effective March 1, 2024, to focus on low duration high income strategies, playing a vital role in fixed income markets by offering income-oriented investors exposure to short-term, higher-yielding bonds amid varying economic conditions.
Fund Family Hartford Mutual Funds
Category High Yield Bond
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol HFHTX
Share Class Class R5
Index Morningstar LSTA US Leveraged Loan TR USD
HFHTX had a total return of 7.10% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.64%.
