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HFLIX Hartford Floating Rate I

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Fund HFLIX Hartford Floating Rate I LFRFX Lord Abbett Floating Rate F  
Similarity
?
100% 96%
Annual Fees
?
$73.39
(0.72% Exp. Ratio)
$71.35
(0.70% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.93% annual return
$14,291.57 $14,378.19
Est. savings over 30 yrs +$86.62
Return
As of 10/31/16
1 YR RETURN 6.67%
3 YR 2.74%
5 YR 4.44%
10 YR 3.69%
1 YR RETURN 6.87%
3 YR 3.49%
5 YR 5.14%
10 YR --
Description
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.
The investment seeks a high level of current income. Under normal conditions, the fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate senior loans. It may invest up to 25% of its total assets in senior loans made to foreign-domiciled borrowers and foreign securities, including emerging market securities. The fund may invest up to 20% of its net assets in other types of debt securities and short-term instruments. In addition, it may invest up to 10% of its net assets in derivatives.

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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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