Logo



HFLTX - Hartford Floating Rate R5

Don't let mutual funds siphon away your returns.
Get our FREE Report: "Index Funds and ETFs – A Smarter Way To Invest"
Your Mutual Fund

Hartford Floating Rate R5 (HFLTX)
Expense Ratio: 0.70%
Expected Lifetime Fees: $21,505.61


The Hartford Floating Rate R5 fund (HFLTX) is a Bank Loan fund started on 12/21/2006 and has $5.50 billion in assets under management. The current manager has been running Hartford Floating Rate R5 since 7/23/2005. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

iShares iBoxx $ Invest Grade Corp Bond (LQD)
Expense Ratio: 0.15%
Expected Lifetime Fees: $4,881.99


The iShares iBoxx $ Invest Grade Corp Bond (LQD) is an Exchange Traded Fund. It is a "basket" of securities that index the Bank Loan investment strategy and is an alternative to a Bank Loan mutual fund. Fees are very low compared to a comparable mutual fund like Hartford Floating Rate R5 because computers automatically manage the stocks.




The Following Bank Loan Funds Have Lower Fees Than Hartford Floating Rate R5 (HFLTX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Franklin Floating Rate Daily Access Adv FDAAX 127.0% 2,200 0.66%
Hartford Floating Rate Y HFLYX 96.0% 5,500 0.65%
Invesco Floating Rate I AFRIX 152.0% 851 0.68%
Lord Abbett Floating Rate I LFRIX 93.6% 2,900 0.62%
RidgeWorth Seix Floating RT High Inc I SAMBX 72.0% 3,600 0.52%
RS Floating Rate Y RSFYX 87.0% 1,400 0.60%
T. Rowe Price Instl Floating Rate RPIFX 67.6% 1,900 0.55%



Search for a mutual fund by symbol or name:

x
Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.

}