About HIPTX
Hartford Inflation Plus Fund Class R5 is a mutual fund focused on delivering total returns that aim to outpace the rate of inflation over an economic cycle. Its primary strategy is to invest at least 65% of its net assets in inflation-protected debt securities, notably those issued by the U.S. Treasury (such as Treasury Inflation-Protected Securities, or TIPS), along with allocations to similar securities issued by U.S. government agencies, foreign governments, and other entities. This fund may also opportunistically diversify into other fixed income sectors, such as nominal Treasuries, corporate bonds, asset-backed and mortgage-backed securities, and even currencies, with up to 35% of assets in these categories. The fund maintains a strong emphasis on investment-grade quality, with the majority of holdings rated AA or higher, and typically manages interest rate risk with an intermediate effective duration. Managed by Wellington Management, the fund seeks to benefit investors looking to hedge against inflation, making it notable within the inflation-protected bond category for its diversified, actively managed approach and its monthly dividend payments.
Fund Family Hartford Mutual Funds
Category Inflation-Protected Bond
Performance Rating High
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol HIPTX
Share Class Class R5
Index Bloomberg US TIPS 1-10 Y TR
HIPTX had a total return of 1.84% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.36%.
