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Morningstar

Hartford Floating Rate R3 HFLRX

Morningstar Medalist Rating
Medalist Rating as of | See Hartford Funds Investment Hub
  • NAV / 1-Day Return 7.93  /  0.01 %
  • Total Assets 1.3 Bil
  • Adj. Expense Ratio
    1.280%
  • Expense Ratio 1.280%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Medium
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 6.86%
  • Effective Duration 0.07 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:21 PM GMT+0

Morningstar’s Analysis HFLRX

Will HFLRX outperform in 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 HFLRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HFLRX 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 HFLRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Unconvincing.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Hartford Floating Rate's team has made mixed calls, and its approach to liquidity has not helped it stand out.

by Mike Mulach
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings HFLRX

More HFLRX Holdings
  • Current Portfolio Date
  • Equity Holdings 5
  • Bond Holdings 252
  • Other Holdings 23
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
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—