The Hartford Strategic Income Fund Class Y is a multi-sector bond mutual fund designed to deliver both current income and long-term total return. Managed by Hartford Funds and sub-advised by Wellington Management, the fund employs a dynamic and diversified approach, investing primarily in a wide range of domestic and foreign debt instruments. Its holdings span sectors such as high yield credit, bank loans, emerging market debt, asset-backed securities, and traditional investment-grade bonds. Notably, the fund pursues opportunities in both investment grade and non-investment grade securities, including so-called 'junk bonds,' aiming to benefit from varying market cycles and credit environments. With over 1,200 individual holdings and total assets exceeding $3.7 billion, the fund leverages a combination of top-down macroeconomic analysis and bottom-up security selection. This structure enables strategic sector allocation as well as active risk management. The fund offers monthly dividends, has an expense ratio of 0.64%, and is recognized for its above-average performance and risk profile within its category. Its flexible allocation across diverse credit exposures and regions positions it as a key player for those seeking diversified fixed-income exposure in the evolving global bond market.
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