Fund info

Hartford Floating Rate Fund Class R5 is an actively managed mutual fund focused on senior secured bank loans and other floating‑rate credit instruments. Its primary objective is to provide current income with lower interest‑rate sensitivity by investing predominantly in below‑investment‑grade variable or floating‑rate loans and securities, whose coupons reset with short‑term benchmarks, moderating duration risk. The strategy is sub‑advised by Wellington Management, emphasizing issuer selection, credit research, and diversification across industries and borrowers. The fund typically maintains broad holdings within the bank‑loan category and may allocate a portion to non‑U.S. issuers, reflecting the global leveraged‑loan market. In practice, the portfolio skews toward lower‑rated corporate credit tiers common in the leveraged‑loan space, offering elevated income potential in exchange for credit risk. Within the fixed‑income landscape, the fund serves as a complement to traditional bond allocations, aiming to hedge rising‑rate environments while providing exposure to the leveraged‑loan market’s income dynamics and recovery characteristics associated with secured, senior‑priority claims.