Effective 3/1/24, the Fund (formerly known as the Hartford Floating Rate High Income Fund) changed its name, objective, principal investment strategy, portfolio managers and benchmark as well as reduced the Fund's contractual management fee. Returns prior to 3/1/24 reflect the performance of the Fund's prior objective and principal investment strategy.
Objective
The Fund seeks to provide a high level of income.
Overview
A fund that invests across fixed-income sectors while also seeking to provide low sensitivity to interest rate changes.
The portfolio managers are supported by the full resources of Wellington.
Performance
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SI = Since Inception. Fund Inception: 09/30/2011
Characteristics
# of Holdings | 262 |
---|---|
Dividend Frequency | Monthly |
Average Bank Loan Price | $84.85 |
---|---|
Yield to Worst (%) | 6.72% |
% in Bank Loans | 17 |
Effective Duration | 1.43 yrs |
Trailing 12 Month Yield | 8.55 |
30-Day SEC Yield | 5.83 |
Unsubsidized 30-Day SEC Yield
|
5.57 |
Federal Home Loan Mortgage Corp. | 11.94 |
Federal National Mortgage Association Connecticut Avenue Securities | 3.63 |
Verus Securitization Trust | 1.75 |
Carlyle U.S. CLO Ltd. | 1.53 |
Palmer Square CLO Ltd. | 1.38 |
Ontario Gaming GTA LP | 1.12 |
BX Trust | 0.91 |
WMG Acquisition Corp. | 0.86 |
Neuberger Berman Loan Advisers CLO 26 Ltd. | 0.84 |
OCP CLO Ltd. | 0.83 |
Total Portfolio % | 24.79 |
Aaa/AAA | 0 |
Aa/AA | 0 |
A | 2 |
Baa/BBB | 13 |
Ba/BB | 28 |
B | 21 |
Caa/CCC or lower | 1 |
Not Rated | 9 |
Cash & Cash Offsets | 26 |
Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
---|---|---|---|---|---|
3/28/2024 | 8.87 | $0.0532 | $0.0000 | $0.0000 | $0.0532 |
2/29/2024 | 8.88 | $0.0582 | $0.0000 | $0.0000 | $0.0582 |
1/31/2024 | 8.87 | $0.0616 | $0.0000 | $0.0000 | $0.0616 |
12/29/2023 | 8.89 | $0.0622 | $0.0000 | $0.0000 | $0.0622 |
12/29/2023 | 8.89 | $0.0425 | $0.0000 | $0.0000 | $0.0425 |
12/15/2023 | 8.91 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
11/30/2023 | 8.84 | $0.0644 | $0.0000 | $0.0000 | $0.0644 |
10/31/2023 | 8.78 | $0.0623 | $0.0000 | $0.0000 | $0.0623 |
9/29/2023 | 8.88 | $0.0611 | $0.0000 | $0.0000 | $0.0611 |
8/31/2023 | 8.89 | $0.0496 | $0.0000 | $0.0000 | $0.0496 |
7/31/2023 | 8.87 | $0.0639 | $0.0000 | $0.0000 | $0.0639 |
6/30/2023 | 8.83 | $0.0620 | $0.0000 | $0.0000 | $0.0620 |
5/31/2023 | 8.70 | $0.0616 | $0.0000 | $0.0000 | $0.0616 |
4/28/2023 | 8.75 | $0.0611 | $0.0000 | $0.0000 | $0.0611 |
Insights
Fund Literature