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Hartford Floating Rate Y HFLYX

Analyst rating as of
NAV / 1-Day Return
8.33  /  0.02 %
Total Assets
1.8 Bil
Adj. Expense Ratio
0.730%
Expense Ratio
0.730%
Fee Level
Below Average
Longest Manager Tenure
3.44 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
250,000
Status
Open
TTM Yield
3.80%
Effective Duration
0.26 years
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Morningstar’s Analysis

Will HFLYX outperform in future?

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

New leadership's impact is unclear.

Associate Director

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. 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.

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