About HFLIX
Hartford Floating Rate Fund Class I is a mutual fund that seeks high current income and long-term total return by investing primarily in floating-rate securities, such as bank loans. These investments feature interest rates that adjust periodically based on benchmarks like SOFR or LIBOR, making them typically less sensitive to rising interest rates compared to fixed-rate bonds. The fund maintains a portfolio heavily weighted toward bank loans, around 95% allocation, with diversification across approximately 280-370 holdings from 280-295 issuers spanning sectors like consumer cyclical, technology, capital goods, financial institutions, and communications. Security selection emphasizes independent analysis and collaboration, supported by sub-adviser Wellington Management, which leverages resources across major asset classes. Credit exposure focuses on below-investment-grade securities, predominantly B-rated, with minimal high-quality ratings, alongside a small portion in cash equivalents and derivatives. It pays monthly dividends, positioning it as a complement to traditional fixed-income holdings in portfolios seeking income with potential interest rate resilience. Inception in 2005.
Fund Family Hartford Mutual Funds
Category Bank Loan
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol HFLIX
Share Class Class I
Index Morningstar LSTA US Leveraged Loan TR USD
HFLIX had a total return of 4.03% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.66%.
