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Hartford Floating Rate Y HFLYX

Analyst rating as of
NAV / 1-Day Return
7.67  /  0.13 %
Total Assets
2.1 Bil
Adj. Expense Ratio
0.770%
Expense Ratio
0.770%
Fee Level
Above Average
Longest Manager Tenure
4.74 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
250,000
Status
Open
TTM Yield
3.76%
Effective Duration
0.45 years

Morningstar’s Analysis

Will HFLYX 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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