HFLSX

About HFLSX

Hartford Floating Rate Fund Class R4 is an actively managed mutual fund focused on senior secured bank loans and other floating‑rate, below‑investment‑grade credit. Its primary objective is to deliver high current income with a secondary goal of long‑term total return, using instruments whose coupons reset with short‑term benchmarks to help reduce interest‑rate sensitivity relative to traditional fixed‑rate bonds. The strategy sits in the Bank Loan category and is sub‑advised by Wellington, leveraging a broad analyst platform and a research‑driven approach to security selection and industry diversification. Portfolio characteristics emphasize low effective duration, substantial exposure to BB and B rated issuers, and predominantly first‑lien, floating‑rate loans, reflecting a focus on credit risk management and liquidity. The fund typically maintains hundreds of holdings, pays dividends monthly, and has historically carried a modest cash and ETF sleeve to support liquidity and implementation. In the market ecosystem, Hartford Floating Rate Fund Class R4 serves investors seeking income from leveraged loan markets while aiming to moderate rate risk and complement core bond allocations through exposure to the floating‑rate credit segment.