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HFHSX Hartford Floating Rate High Inc R4

1 lower fee alternative found

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Fund HFHSX Hartford Floating Rate High Inc R4 EVFAX Eaton Vance Floating-Rate Advantage Adv  
Similarity
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100% 95%
Annual Fees
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$109.07
(1.07% Exp. Ratio)
$103.97
(1.02% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.93% annual return
$12,865.83 $13,062.34
Est. savings over 30 yrs +$196.51
Return
As of 11/30/16
1 YR RETURN 9.60%
3 YR 2.49%
5 YR 5.01%
10 YR --
1 YR RETURN 9.65%
3 YR 3.35%
5 YR 5.26%
10 YR 4.66%
Description
The investment seeks high current income and long-term total return. The fund invests at least 80% of its net assets in a portfolio of: (i) below-investment grade variable or floating rate loans and floating rate securities; (ii) high yield fixed-rate loans or debt securities with respect to which it has entered into interest rate swaps to effectively convert the fixed-rate interest payments into floating-rate interest payments; and (iii) fixed-rate instruments with a duration of less than or equal to one year, including money market securities of all types, repurchase agreements, and shares of money market and short-term bond funds.
The investment seeks to provide a high level of current income. Under normal circumstances, the fund invests at least 80% of its total assets in income producing floating rate loans and other floating rate debt securities. It invests primarily in senior floating rate loans of domestic and foreign borrowers ("Senior Loans"). Senior Loans typically are of below investment grade quality and have below investment grade credit ratings, which ratings are associated with securities having high risk, speculative characteristics (sometimes referred to as "junk").

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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