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.
Will HFLYX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HFLYX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HFLYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of HFLYX’s parent organization’s priorities and whether they’re in line with investors’ interests.