Morningstar

Hartford Hybrid and Credit Opportunities Fund Class A HFHAX

Morningstar Medalist Rating
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Medalist Rating as of See Hartford Funds Investment Hub
  • NAV / 1-Day Return $8.49  /  0.00
  • Fund Size $124.0M
  • Adjusted Expense Ratio 1.000%
  • Net Expense Ratio 1.000%
  • Fee Level: Distribution Above Average
  • Share Class Type Front Load
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $2,000
  • Investment Status Open
  • TTM Yield 6.32%
  • Average Effective Duration 1.50 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis HFHAX

Will HFHAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HFHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HFHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of HFHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

Process pitfalls undercut the team’s potential. As Hartford Floating Rate's reshuffled management team navigates the challenges of improving an inconsistent approach, the strategy’s Process rating merits a downgrade to Below Average from Average.

by Tom Murphy
Rated on Published on

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Portfolio Holdings HFHAX

More HFHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 26

23.43 37M
Government

Usd

3.40 5M
Cash and Equivalents

Government National Mortgage Association 5.5%

2.32 4M
Securitized

Government National Mortgage Association 5.5%

1.68 3M
Securitized

Government National Mortgage Association 5.5%

1.07 2M
Securitized

Cifc Fdg 2018-Iv Ltd / Cifc Fdg 2018-Iv Llc 8.53038%

0.96 2M
Securitized

Apidos CLO XVIII-R 5.56364%

0.95 2M
Securitized

PALMER SQUARE CLO 2021-1 LTD 8.42523%

0.89 1M
Securitized

ALINEA CLO LTD 9.62523%

0.85 1M
Securitized

Symphony CLO XXII LTD/LLC 10.18684%

0.79 1M
Securitized

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