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Morningstar

Hartford Floating Rate Y HFLYX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 7.77  /  0.13 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    0.740%
  • Expense Ratio 0.770%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 5.18%
  • Effective Duration —

USD | NAV as of Jan 25, 2023 | 1-Day Return as of Jan 25, 2023, 11:58 PM GMT+00:00

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.

A liquidity-focused bank-loan fund willing to make thematic calls.

Senior Analyst

Summary

| by Mike Mulach

Hartford Floating Rate’s recently enhanced process and team need more time to prove their mettle. Its cheaper share classes earn a Morningstar Analyst Rating of Neutral; its most expensive one gets a Negative rating.

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