Fund Evaluator:
Hartford Strategic Income R3 (HSNRX)
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Fund Details
Hartford Strategic Income R3 Overview
Hartford Strategic Income R3 (HSNRX) is an actively managed Taxable Bond Multisector Bond fund. Hartford Mutual Funds launched the fund in 2011.
The investment seeks current income and long-term total return. The fund seeks to achieve its investment objective by investing primarily in domestic and foreign debt securities that the sub-adviser considers to be attractive from a yield perspective while considering total return. It normally invests in non-investment grade debt securities (also known as "junk bonds") and investment grade securities.
About Hartford Strategic Income R3 (HSNRX)
There are 2 members of the management team with an average tenure of 12.30 years: Campe Goodman (2012), Rob Burn (2016). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Hartford Strategic Income R3 has 1370 securities in its portfolio. The top 10 holdings constitute 50.5% 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 Strategic Income R3 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Hartford Strategic Income R3 has -1.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.2%. There is 0.0% allocated to foreign stock, and 1.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 90.0% (91.2% domestic bond, -1.2% foreign bond and 4.1% convertible bond). Hartford Strategic Income R3 has 4.8% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $1 billion average for the Multisector Bond 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.
HSNRX 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 Strategic Income R3 expense ratio is high compared to funds in the Multisector Bond category. Hartford Strategic Income R3 has an expense ratio of 1.25%, which is 31% higher than its category average, making the fund expense ratio grade a D. 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 Strategic Income R3 has a portfolio turnover rate of 77%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of June 2026, Hartford Strategic Income R3 returned 0.1%, which earned it a grade of D, as the Multisector Bond category had an average return of 0.2%. 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 Strategic Income R3 has a trailing yield of 6.01%, which is above the 5.25% 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 Strategic Income R3 Grades
Year to date, the fund has returned 1.4%, 0.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 5.9% over the past year (grade of B), 7.8% over the past three years (grade of B) and 2.1% per year over the past five years (grade of D) and 4.2% per year over the past 10 years (grade of B).
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HSNRX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HSNRX Return (NAV) | 0.1% | 2.4% | 5.9% | 7.8% | 2.1% | 4.2% |
| HSNRX Grade | D | B | B | B | D | B |
| +/- Category | -0.2% | 0.5% | 0.6% | 0.9% | -0.4% | 0.4% |
| Multisector Bond Avg | 0.2% | 1.9% | 5.3% | 6.9% | 2.6% | 3.7% |
| HSNRX Tax Cost Ratio | na | na | 2.4% | 2.4% | 2.1% | 2.0% |
HSNRX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HSNRX Return (NAV) | 1.4% | 9.0% | 7.4% | 9.0% | -13.3% | -0.4% | 11.8% | 11.3% | -2.2% | 8.3% | 8.6% |
| HSNRX Grade | D | B | A | C | F | F | A | B | C | B | B |
| +/- Category | -0.2% | 0.9% | 1.7% | 0.6% | -3.2% | -2.6% | 5.4% | 1.1% | -0.3% | 1.7% | 1.1% |
| Multisector Bond Avg | 1.6% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.4% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | 5.0% |
| Total Risk Index: | 0.41 - Low |
| Category Risk Index: | 1.13 - Above Average |
| Category Risk Grade: | D (77% Rank) |
| Beta: | 0.83 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 6.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4669 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 77% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 14.3 years | |||
| Average Tenure: 12.3 years | |||
| Managers (Year): Goodman Campe (2012), Burn Rob (2016) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 1370 |
| % in Top 10 Holdings: | 50.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | -1.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 1.0% |
| Domestic Bond: | 91.2% |
| Foreign Bond: | -1.2% |
| Convertible Bond: | 4.1% |
| Other: | 0.0% |
| Cash: | 4.8% |
Purchase Information
| Fund Family: | Hartford Mutual Funds |
| Phone Number: | 888-843-7824 |
| Website: | www.hartfordfunds.com |
| Status: | Open |
| Inception Date: | September 30, 2011 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.25% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.95% |
| Share Class: | Hartford Strategic Income I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
