2 / 5 Stars
3 4 2 4 3
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 43 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 6.97 percent over the past year, 5.91 percent over the past three years, and 5.23 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||2.8%|
|3 Years (Annualized)||5.9%|
|5 Years (Annualized)||5.2%|
|10 Years (Annualized)||N/A|
The investment seeks to provide high current income, and long-term total return. The fund normally invests at least 80% of assets in below-investment-grade variable or floating rate loans and floating rate securities selected by the sub-adviser, Wellington Management Company, LLP ("Wellington Management"). It normally invests primarily in interests in senior Floating Rate Loans and may invest in securities of any maturity. The fund may invest up to 25% its total assets in loans of foreign Borrowers and securities of foreign issuers, and up to 10% of its total assets in foreign loans or securities that are denominated in a foreign currency.
Fees are Low compared to funds in the same category.
Hartford Floating Rate Fund has an expense ratio of 0.98 percent.
Risk is Average compared to funds in the same category according to Morningstar.