HITSX: Hartford Schroders Sec Inc SDR

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HITSX Hartford Schroders Sec Inc SDR


Profile

HITSX - Profile

Vitals

  • YTD Return -9.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $67.8 M
  • Holdings in Top 10 32.7%

52 WEEK LOW AND HIGH

$9.08
$8.24
$10.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.24%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -9.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Hartford Schroders Securitized Income Fund
  • Fund Family Name
    Hartford Mutual Funds
  • Inception Date
    Feb 28, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Anthony Breaks

Fund Description

The fund seeks to achieve its investment objective by investing in U.S. and foreign fixed and floating rate securitized credit instruments. It will invest at least 80% of its assets in such securitized credit instruments. The fund may invest in securities of any maturity or duration, the manager normally expects to maintain a dollar weighted average duration of 3 years or less. It may invest without limit in mortgage-related high-yield instruments rated below investment grade. The fund may invest in non-U.S. securities.


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Categories

Fund Company Quick Screens

HITSX - Fund Company Quick Screens


Performance

HITSX - Performance

Return Ranking - Trailing

Period HITSX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.4% -49.8% 4.4% 45.26%
1 Yr -9.5% -49.1% 152.8% 53.63%
3 Yr N/A* -35.9% 33.8% N/A
5 Yr N/A* -35.8% 18.3% N/A
10 Yr N/A* -6.4% 4.4% N/A

* Annualized

Return Ranking - Calendar

Period HITSX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 156.4% N/A
2018 N/A -48.0% 0.8% N/A
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 19.1% N/A
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period HITSX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.4% -49.8% 4.4% 45.26%
1 Yr -9.5% -49.1% 154.8% 53.63%
3 Yr N/A* -35.9% 37.9% N/A
5 Yr N/A* -35.8% 22.2% N/A
10 Yr N/A* -6.4% 4.7% N/A

* Annualized

Total Return Ranking - Calendar

Period HITSX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 158.4% N/A
2018 N/A -48.0% 4.8% N/A
2017 N/A -14.8% 14.0% N/A
2016 N/A -11.2% 22.5% N/A
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

HITSX - Holdings

Concentration Analysis

HITSX Category Low Category High HITSX % Rank
Net Assets 67.8 M 319 K 114 B 80.05%
Number of Holdings 107 6 7410 86.10%
Net Assets in Top 10 18.6 M -41 B 6.16 B 73.57%
Weighting of Top 10 32.67% 4.1% 214.0% 43.14%

Top 10 Holdings

  1. LCM XII Limited Partnership 2.96% 5.28%
  2. AMBAC LSNI LLC 6.94% 3.47%
  3. FHLMC Pc Prepay Prm 30 3.43% 3.21%
  4. FHLMC Pc Prepay Prm 30 3.93% 3.09%
  5. CBAM 2018-6 LTD / LLC 3.1% 3.08%
  6. Csmc 2019-Ice4 3.81% 3.01%
  7. Federal Farm Credit Banks 6.53% 2.98%
  8. Federal Farm Credit Banks 4.23% 2.94%
  9. Resloc Uk 2007-1 FRN 0.96% 2.83%
  10. Mp Clo Viii Ltd 2015 2.71% 2.78%

Asset Allocation

Weighting Return Low Return High HITSX % Rank
Bonds
144.36% 36.67% 195.17% 4.07%
Stocks
0.00% -9.73% 27.98% 77.24%
Preferred Stocks
0.00% 0.00% 51.94% 79.84%
Other
0.00% -32.79% 30.50% 64.03%
Convertible Bonds
0.00% 0.00% 11.05% 90.74%
Cash
-44.36% -102.73% 49.23% 95.10%

Bond Sector Breakdown

Weighting Return Low Return High HITSX % Rank
Securitized
94.61% 0.00% 99.12% 3.27%
Cash & Equivalents
3.06% 0.00% 48.65% 74.39%
Corporate
2.33% 0.00% 94.01% 92.37%
Derivative
0.00% -1.18% 43.63% 72.48%
Municipal
0.00% 0.00% 37.82% 69.48%
Government
0.00% 0.00% 99.36% 96.46%

Bond Geographic Breakdown

Weighting Return Low Return High HITSX % Rank
US
117.60% 14.90% 194.76% 3.81%
Non US
26.76% -17.51% 72.18% 31.88%

Expenses

HITSX - Expenses

Operational Fees

HITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.06% 24.26% 48.06%
Management Fee 0.65% 0.00% 2.25% 62.14%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

HITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

HITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.00% 472.00% 25.57%

Distributions

HITSX - Distributions

Dividend Yield Analysis

HITSX Category Low Category High HITSX % Rank
Dividend Yield 0.00% 0.00% 6.41% 61.98%

Dividend Distribution Analysis

HITSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HITSX Category Low Category High HITSX % Rank
Net Income Ratio 2.55% 0.87% 10.10% 91.97%

Capital Gain Distribution Analysis

HITSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

HITSX - Fund Manager Analysis

Managers

Anthony Breaks


Start Date

Tenure

Tenure Rank

Feb 28, 2019

1.09

1.1%

Anthony Breaks,Portfolio Manager on Schroders Securitized Credit Team. Mr. Breaks joined Schroders in 2016. Mr. Breaks is a Portfolio Manager on the Securitized Products Investments team. Mr. Breaks is maintains responsibility for portfolio management with a focus on high grade strategies. As well, Mr. breaks focusses on security evaluation of RMBS and esoteric ABS and CLO assets.. Mr. Breaks has experience in managing securitized product vehicles, such as SIV, ABCP, CDOs, CLOs and TRUPPS as well as insurance company asset management experience. Mr. Breaks earned a Bachelor of Science degree in Electrical Engineering from the Massachusetts Institute of Technology. He holds the Chartered Financial Analyst designation.

Michelle Russell-Dowe


Start Date

Tenure

Tenure Rank

Feb 28, 2019

1.09

1.1%

Michelle Russell-Dowe is the Head of Securitized Credit at Schroders, she is responsible for managing the Securitized Credit Team and the Securitized Credit Portfolio Strategies. She joined Schroders in 2016 and is based in New York. Michelle was the Head of Securitized Products at Brookfield Investment Management (previously Hyperion Capital Management) from 1999 to 2016, she was responsible for managing the Securitized Products Investment Team. She was the Lead Portfolio Manager responsible for the Securitized Investment Strategies. She was a Vice President at Duff & Phelps Credit Rating Co from 1994 to 1999, where she was responsible for rating securities including residential mortgage-backed securities and asset-backed securities. Previously, Ms. Russell-Dowe has been a Co-Head of the Investor Committee of the American Securitization Forum (ASF) Qualifications: MBA in Finance (Valedictorian) from Columbia Graduate School of Business; BA in economics from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.9 5.62 5.25