Veteran manager Mike Bacevich retired at the end of June 2019, leaving behind a solid team of managers and analysts. Transitions often introduce uncertainty, and the new managers have indicated the process may undergo marginal changes. Hartford Floating Rate earns a Morningstar Analyst Rating of Neutral across share classes, except for its most expensive, which earns a Negative.
Hartford Floating Rate R5 HFLTX
NAV / 1-Day Return
8.37
/
0.01
%
Total Assets
1.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.790%
Expense Ratio
0.790%
Fee Level
Above Average
Longest Manager Tenure
3.43
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
0
Status
Open
TTM Yield
3.66%
Effective Duration
0.26
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will HFLTX 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 HFLTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HFLTX 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 HFLTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
New leadership's impact is unclear.
