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Hartford Floating Rate R3 HFLRX

Analyst rating as of
NAV / 1-Day Return
7.80  /  0.01 %
Total Assets
2.1 Bil
Adj. Expense Ratio
1.270%
Expense Ratio
1.270%
Fee Level
Average
Longest Manager Tenure
4.75 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
2.89%
Effective Duration
0.45 years

Morningstar’s Analysis

Will HFLRX outperform in future?

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

Improving.

Senior Analyst

Summary

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Veteran manager Mike Bacevich retired at the end of June 2019, leaving behind a solid team of managers and analysts. As new lead manager David Marshak puts his mark on this strategy, a wait-and-see approach is warranted. Hartford Floating Rate earns a Morningstar Analyst Rating of Neutral across share classes, except for its most expensive, which earns a Negative.

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