Morningstar

Hartford Floating Rate Y HFLYX

Morningstar Medalist Rating
Medalist Rating as of | See Hartford Funds Investment Hub
  • NAV / 1-Day Return 7.74  /  +0.03 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.790%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 8.73%
  • Effective Duration 0.19 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:13 PM GMT+0

Morningstar’s Analysis HFLYX

Will HFLYX 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 HFLYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    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.

  • Parent Pillar

    The Parent Pillar is our rating of HFLYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This bank-loan strategy has hit a rough patch.

Senior Analyst Tom Murphy

Tom Murphy

Senior Analyst

Summary

Hartford Floating Rate's managers’ mixed calls in recent years and focus on liquidity doesn’t help the strategy stand out from peers.

by Tom Murphy
Rated on Published on

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Portfolio Holdings HFLYX

More HFLYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ddz01amn3 Trs Usd R F .00000 Ddz01amn3 Trs Ibox

3.73 46.4 Mil
—

SPDR® Blackstone Senior Loan ETF

2.95 36.7 Mil
—

Usd

2.35 29.2 Mil
Cash and Equivalents

Ddz01eti9 Trs Usd R F .00000 Ddz01eti9 Ibox

2.10 26.2 Mil
—

Ddz01dco6 Trs Usd R F .00000 Ddz01dco6 Ibox

1.81 22.5 Mil
—

PERATON CORP TERM LOAN B

1.23 15.2 Mil
Corporate

MCAFEE LLC 2024 USD TERM LOAN B

1.22 15.2 Mil
Corporate

ACRISURE LLC 2024 TERM LOAN B6

1.22 15.1 Mil
Corporate

HUB INTERNATIONAL LIMITED 2024 1ST LIEN TERM LOAN B

1.09 13.5 Mil
Corporate

AMENTUM GOVT SERVICES HLDGS 2022 TERM LOAN

1.07 13.3 Mil
Corporate

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