HFLFX

About HFLFX

Hartford Floating Rate Fund Class F is an open‑end mutual fund in the bank loan category that focuses on **floating‑rate** corporate credit. The fund’s primary objective is to deliver **high current income** with a secondary goal of long‑term total return, investing at least 80% of assets in **below‑investment‑grade** senior loans and floating‑rate securities, with selective exposure to foreign issuers and currencies. It is sub‑advised by **Wellington Management Company**, applying a research‑driven approach that emphasizes issue selection, liquidity, and diversification across industries. The strategy’s low interest‑rate sensitivity stems from loans whose coupons reset with benchmark rates, aiming to mitigate duration risk relative to fixed‑rate bonds. The portfolio typically holds hundreds of positions and has historically maintained a cash and ETF sleeve to support liquidity. As part of the leveraged loan market, the fund plays a role in financing non‑investment‑grade borrowers while offering investors access to **senior secured** credit exposure, monthly income distributions, and a credit‑centric return profile distinct from traditional core bond allocations.