Investment objective & strategy
As of Nov. 26, 2025 · prospectusObjective. The Fund seeks to provide capital preservation and current income.
Strategy. The Fund seeks to achieve its investment objective by investing primarily in collateralized loan obligations (CLOs) that, at the time of purchase, are rated AAA by one or more nationally recognized statistical rating organizations, or if unrated, determined to be of comparable credit quality by the sub-adviser, Wellington Management Company LLP (Wellington Management). The Fund will primarily invest in US dollar denominated floating-rate CLOs. Under normal circumstances, the Fund will invest at least 80% of its net assets in AAA rated CLOs. The Fund may also invest up to 20% of its net assets in AA-rated or A-rated CLOs that have a minimum rating of A- at time of purchase. The CLOs in which the Fund invests may be organized … The Fund seeks to achieve its investment objective by investing primarily in collateralized loan obligations (CLOs) that, at the time of purchase, are rated AAA by one or more nationally recognized statistical rating organizations, or if unrated, determined to be of comparable credit quality by the sub-adviser, Wellington Management Company LLP (Wellington Management). The Fund will primarily invest in US dollar denominated floating-rate CLOs. Under normal circumstances, the Fund will invest at least 80% of its net assets in AAA rated CLOs. The Fund may also invest up to 20% of its net assets in AA-rated or A-rated CLOs that have a minimum rating of A- at time of purchase. The CLOs in which the Fund invests may be organized in the US or outside the US. The Fund may also invest in US Treasury bills, notes, and bonds, including the debt of agencies and instrumentalities of the US Government. The Fund may invest in restricted securities, including those issued pursuant to Rule 144A and Regulation S, and other restricted securities that Wellington Management has determined to be liquid.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Ares XXVII CLO Ltd., Series 2013-2A, Class AR3 | — | $3.75M | 3.44% |
| KKR CLO 52 Ltd., Series 2023-52A, Class A1R | — | $2.01M | 1.84% |
| BSP 2018-15A A1R 7/37 | BSP | $2.01M | 1.84% |
| AGL CLO 3 LTD | — | $2.00M | 1.84% |
| 522 Funding CLO 2017-1 A Ltd | — | $1.60M | 1.47% |
| Bain Capital Credit CLO Ltd., Series 2023-1A, Class A1R | 05685NAN | $1.36M | 1.25% |
| BSP 2014-IVA AR5 | 08180FCG | $1.20M | 1.10% |
| Bain Capital Credit CLO, Series 2019-2A, Class AR3 | — | $1.13M | 1.04% |
| Sixth Street CLO 27 Ltd | — | $1.13M | 1.04% |
| CIFC Funding 2021-III Ltd | — | $1.10M | 1.01% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| iShares AAA CLO Active ETF | 7% | 0.20% |
| Eldridge AAA CLO ETF · CLOX | 6% | 0.20% |
| Palmer Square CLO Senior Debt ETF | 6% | 0.21% |
Advisers
| Firm | Role |
|---|---|
| Wellington Management Company LLP | Sub-adviser |
| Hartford Funds Management Company, LLC | Adviser |
Footnotes
- Expense ratio as of November 26, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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