The Hartford Strategic Income Fund (HSNIX)
The fund seeks to achieve its investment objective by investing primarily in domestic and foreign debt securities that the sub-adviser considers to be attractive from a yield perspective while considering total return. It normally invests in non-investment grade debt securities (also known as "junk bonds") and highly rated securities.
Fund Info
| ISIN | US41664L6332 |
|---|---|
| CUSIP | 41664L633 |
| Issuer | Hartford Mutual Funds |
| Inception Date | May 30, 2007 |
| Category | Multisector Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
HSNIX features an expense ratio of 0.64%, falling within the medium range.
Share Price Chart
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Popular comparisons: HSNIX vs. VFFVX, HSNIX vs. BWDTX, HSNIX vs. FADMX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in The Hartford Strategic Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
The Hartford Strategic Income Fund had a return of 7.49% year-to-date (YTD) and 14.74% in the last 12 months. Over the past 10 years, The Hartford Strategic Income Fund had an annualized return of 3.43%, while the S&P 500 had an annualized return of 11.39%, indicating that The Hartford Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.49% | 25.45% |
| 1 month | -0.52% | 2.91% |
| 6 months | 5.41% | 14.05% |
| 1 year | 14.74% | 35.64% |
| 5 years (annualized) | 2.94% | 14.13% |
| 10 years (annualized) | 3.43% | 11.39% |
Monthly Returns
The table below presents the monthly returns of HSNIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.51% | 0.35% | 1.50% | -2.06% | 1.83% | 1.15% | 2.05% | 1.75% | 1.64% | -1.38% | 7.49% | ||
| 2023 | 3.97% | -1.35% | 0.44% | 0.77% | -0.56% | 0.66% | 0.62% | -0.62% | -1.50% | -1.28% | 4.66% | 3.96% | 9.95% |
| 2022 | -2.11% | -2.76% | -1.97% | -2.71% | -0.68% | -5.14% | 2.25% | 0.60% | -4.85% | -0.96% | 4.31% | 0.85% | -12.79% |
| 2021 | -0.14% | -0.84% | -0.54% | 1.12% | 0.46% | 0.82% | 0.16% | 0.70% | -0.92% | -0.29% | -1.02% | -0.45% | -0.96% |
| 2020 | 1.72% | -0.16% | -9.39% | 4.51% | 4.95% | 2.60% | 2.40% | 1.24% | -0.30% | -0.22% | 3.80% | 0.46% | 11.36% |
| 2019 | 3.09% | 0.46% | 0.90% | 0.98% | 0.57% | 2.35% | 0.68% | 0.21% | 0.09% | 0.53% | 0.30% | 1.22% | 11.94% |
| 2018 | 0.15% | -0.67% | 0.32% | -0.00% | -0.51% | -0.37% | 1.26% | -1.07% | 0.81% | -1.08% | -0.37% | -0.02% | -1.56% |
| 2017 | 1.70% | 1.18% | 0.32% | 1.49% | 1.10% | 0.21% | 1.18% | 0.83% | -0.18% | 0.18% | -0.10% | 0.68% | 8.92% |
| 2016 | -0.67% | 0.04% | 3.69% | 2.13% | -0.06% | 1.53% | 2.18% | 0.69% | 0.80% | -0.78% | -2.15% | 1.45% | 9.09% |
| 2015 | 0.76% | 0.48% | -0.33% | 1.04% | -0.36% | -1.86% | 0.05% | -1.35% | -1.02% | 2.25% | -1.03% | -1.33% | -2.73% |
| 2014 | -0.30% | 1.84% | 0.50% | 0.75% | 2.26% | 1.02% | -0.91% | 0.66% | -2.43% | 1.53% | -0.03% | -3.70% | 1.02% |
| 2013 | 0.23% | -0.52% | -0.11% | 2.14% | -2.20% | -3.63% | 1.15% | -1.41% | 2.19% | 2.90% | -0.39% | 0.78% | 0.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of HSNIX is 80, placing it in the top 20% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for The Hartford Strategic Income Fund (HSNIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
The Hartford Strategic Income Fund provided a 6.45% dividend yield over the last twelve months, with an annual payout of $0.51 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.49 | $0.35 | $0.29 | $0.29 | $0.38 | $0.56 | $0.55 | $0.43 | $0.39 | $0.37 | $0.41 |
Dividend yield | 6.45% | 6.34% | 4.71% | 3.26% | 3.04% | 4.32% | 6.83% | 6.21% | 5.02% | 4.66% | 4.19% | 4.49% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.38 | |
| 2023 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.10 | $0.49 |
| 2022 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.35 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.04 | $0.29 |
| 2020 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2019 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.38 |
| 2018 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.25 | $0.56 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.24 | $0.55 |
| 2016 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 | $0.43 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2014 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.37 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.04 | $0.41 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 23.16%, occurring on Nov 24, 2008. Recovery took 204 trading sessions.
The current The Hartford Strategic Income Fund drawdown is 1.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.16% | May 21, 2008 | 130 | Nov 24, 2008 | 204 | Sep 17, 2009 | 334 |
| -20.36% | Sep 16, 2021 | 278 | Oct 21, 2022 | 459 | Aug 21, 2024 | 737 |
| -15.99% | Mar 9, 2020 | 11 | Mar 23, 2020 | 52 | Jun 5, 2020 | 63 |
| -10.43% | Jul 10, 2014 | 402 | Feb 11, 2016 | 103 | Jul 11, 2016 | 505 |
| -7.29% | Oct 19, 2012 | 219 | Sep 5, 2013 | 120 | Feb 27, 2014 | 339 |
Volatility
Volatility Chart
The current The Hartford Strategic Income Fund volatility is 1.08%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.