Fund Evaluator:
Hartford Floating Rate C (HFLCX)
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Fund Details
Hartford Floating Rate C Overview
Hartford Floating Rate C (HFLCX) is an actively managed Taxable Bond Bank Loan fund. Hartford Mutual Funds launched the fund in 2005.
The investment seeks to provide high current income, and long-term total return. The fund normally invests at least 80% of its 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"). The fund may invest up to 25% of its net assets in loans of foreign Borrowers and securities of foreign issuers, and up to 10% of its net assets in foreign loans or securities that are denominated in a foreign currency.
About Hartford Floating Rate C (HFLCX)
There are 3 members of the management team with an average tenure of 3.23 years: Jeffrey Heuer (2017), Emily Shanks (2026), Brian Hough (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Morningstar LSTA US LL TR USD index with a weighting of 100%. Hartford Floating Rate C has 325 securities in its portfolio. The top 10 holdings constitute 14.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Hartford Floating Rate C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Hartford Floating Rate C has 12.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 92.6% (80.5% domestic bond, 12.1% foreign bond and 0.0% convertible bond). Hartford Floating Rate C has 7.2% of the portfolio in cash.
Assets Under Management
The fund has $24 million in total assets, which is below the $344 million average for the Bank Loan category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HFLCX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Hartford Floating Rate C expense ratio is high compared to funds in the Bank Loan category. Hartford Floating Rate C has an expense ratio of 1.77%, which is 68% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Hartford Floating Rate C has a portfolio turnover rate of 28%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Bank Loan category.
Recently, in the month of July 2026, Hartford Floating Rate C returned 0.6%, which earned it a grade of C, as the Bank Loan category had an average return of 0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Hartford Floating Rate C has a trailing yield of 6.46%, which is below the 6.73% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Hartford Floating Rate C Grades
Year to date, the fund has returned 1.4%, 0.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.1% over the past year (grade of F), 5.3% over the past three years (grade of F) and 3.6% per year over the past five years (grade of F) and 3.5% per year over the past 10 years (grade of F).
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HFLCX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HFLCX Return (NAV) | 0.6% | 1.0% | 2.1% | 5.3% | 3.6% | 3.5% |
| HFLCX Grade | C | D | F | F | F | F |
| +/- Category | 0.0% | -0.2% | -1.7% | -1.4% | -1.5% | -1.0% |
| Bank Loan Avg | 0.6% | 1.2% | 3.8% | 6.6% | 5.2% | 4.4% |
| HFLCX Tax Cost Ratio | na | na | 2.6% | 2.7% | 2.3% | 1.8% |
HFLCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HFLCX Return (NAV) | 1.4% | 3.7% | 7.0% | 10.2% | -4.5% | 3.4% | 0.5% | 7.5% | -1.7% | 3.6% | 10.3% |
| HFLCX Grade | D | F | F | F | F | F | D | D | F | C | B |
| +/- Category | -0.5% | -1.4% | -1.2% | -1.9% | -2.1% | -1.3% | -0.7% | -0.1% | -1.3% | -0.0% | 1.0% |
| Bank Loan Avg | 1.9% | 5.1% | 8.2% | 12.1% | -2.3% | 4.7% | 1.3% | 7.6% | -0.4% | 3.7% | 9.2% |
| Risk Measures | |
| Standard Deviation: | 2.2% |
| Total Risk Index: | 0.18 - Low |
| Category Risk Index: | 1.12 - High |
| Category Risk Grade: | F (87% Rank) |
| Beta: | 0.04 |
| R-Squared: | 1% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | Low Quality Limited Sensitivity |
| Yield: | 6.5% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $806 Mil |
| Fund Total Assets: | $ 25 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 28% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.8 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Heuer Jeffrey (2017), Shanks Emily (2026), Hough Brian (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 325 |
| % in Top 10 Holdings: | 14.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 12.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 80.5% |
| Foreign Bond: | 12.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 7.2% |
Purchase Information
| Fund Family: | Hartford Mutual Funds |
| Phone Number: | 888-843-7824 |
| Website: | www.hartfordfunds.com |
| Status: | Open |
| Inception Date: | April 29, 2005 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.77% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Hartford Floating Rate Y |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
