Hartford Floating Rate Fund Class A (HFLAX)
| Fund Assets | 880.28M |
| Expense Ratio | 1.03% |
| Min. Investment | $2,000 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 7.12% |
| Dividend Growth | -8.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.80 |
| YTD Return | -0.84% |
| 1-Year Return | 2.86% |
| 5-Year Return | 22.32% |
| 52-Week Low | 7.18 |
| 52-Week High | 7.88 |
| Beta (5Y) | n/a |
| Holdings | 327 |
| Inception Date | Apr 29, 2005 |
About HFLAX
Hartford Floating Rate Fund Class A is an open-end mutual fund focused on generating high current income with an additional objective of long-term total return. The strategy primarily invests in below-investment-grade, variable or floating-rate corporate loans and other floating-rate securities, aiming to reduce interest-rate sensitivity relative to fixed-rate bonds. The portfolio is broadly diversified by issuer and industry, holding several hundred positions, and is sub-advised by Wellington Management Company, which provides deep credit research resources and security selection expertise. As a bank-loan category fund, it emphasizes low effective duration, monthly income distributions, and exposure concentrated in BB and B-rated credits typical of the leveraged loan market. The fund’s role in the market is to offer income-oriented investors a vehicle that can help hedge against rising rates while accessing the senior secured loan segment of corporate credit. According to sponsor materials, it maintains a substantial allocation to bank loans and reports portfolio statistics such as effective duration and credit mix to highlight risk and income characteristics.
Performance
HFLAX had a total return of 2.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.14%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFRCX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class C | 1.77% |
| FIQSX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class Z | 0.67% |
| FFRIX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class I | 0.77% |
| FFRTX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class M | 1.02% |
| FFRHX | Fidelity | Fidelity Floating Rate High Income Fund | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.07334 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04294 | Jan 2, 2026 |
| Nov 28, 2025 | $0.04262 | Dec 1, 2025 |
| Oct 31, 2025 | $0.043 | Nov 3, 2025 |
| Sep 30, 2025 | $0.04273 | Oct 1, 2025 |
| Aug 29, 2025 | $0.04344 | Sep 2, 2025 |