The Hartford Strategic Income Fund (HSNIX)

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The Hartford Strategic Income Fund (HSNIX) is up 1.2% since the beginning of the year. HSNIX is currently trading at $8 per share. Investors who bought $1,000 worth of HSNIX shares 5 years ago would now be looking at an investment worth $1,109.

The Hartford Strategic Income Fund (HSNIX) has returned 1.20% so far this year and 7.42% over the past 12 months. Over the last ten years, HSNIX has returned 4.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since May 31, 2007, HSNIX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.

Historically, 65% of months were positive and 35% were negative. The best month was Jul 2009 with a return of +5.0%, while the worst month was Oct 2008 at -12.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HSNIX closed higher 43% of trading days. The best single day was Mar 26, 2020 with a return of +2.5%, while the worst single day was Mar 18, 2020 at -4.0%.

The Hartford Strategic Income Fund has an annualized alpha of 3.99%, beta of 0.04, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since May 31, 2007.

• This fund participated in 30.09% of S&P 500 Index downside but only 29.28% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.04 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HSNIX has an expense ratio of 0.64%, placing it in the medium range.

HSNIX ranks 61 for risk / return — better than 61% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The Hartford Strategic Income Fund provided a 6.21% dividend yield over the last twelve months, with an annual payout of $0.49 per share.

The table displays the monthly dividend distributions for The Hartford Strategic Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the The Hartford Strategic Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the The Hartford Strategic Income Fund was 23.39%, occurring on Nov 24, 2008. Recovery took 227 trading sessions.

The current The Hartford Strategic Income Fund drawdown is 0.25%.

The chart below shows the rolling one-month volatility.