HITYX — Hartford Schroders Securitized Income Fund
Data updated: 2023-03-30
HITYX — Hartford Schroders Securitized Income Fund. Securitized (MBS/ABS/CMBS) Bond · $30.75M AUM. Holdings, fees, performance and SEC filings.
HITYX Fund Overview
HITYX — Hartford Schroders Securitized Income Fund is a US mutual fund managed by Hartford Mutual Funds Ii, INC, categorised as Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Hartford Mutual Funds Ii, INC
- Category: Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $30.75M
- 1-year return: -2.5%
- Ticker: HITYX
- SEC CIK: 0000049905
- SEC series ID: S000064932
- Share class ID: C000210204
HITYX Investment Objective and Strategy
Hartford Schroders Securitized Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Hartford Mutual Funds Ii, INC.
Investment objective
The Fund seeks to provide current income and long-term total return consistent with preservation of capital.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing in U.S. and foreign fixed and floating rate securitized credit instruments. Under normal market conditions, the Fund will invest at least 80% of its assets in such securitized credit instruments. Securitized credit instruments include commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), agency and non-agency residential mortgage-backed securities (RMBS), collateralized loan obligations (CLOs), collateralized mortgage obligations (CMOs), and uniform mortgage-backed securities (UMBS). Agency MBS and Agency CMBS are issued or guaranteed by the U.S. government or its agencies, instrumentalities or sponsored enterprises, including the Government National Mortgage Association (GNMA), the Federal National Mortgage Association (FNMA), or the Federal Home Loan Mortgage Corporation (FHLMC).
The Funds investments may include exposure to both senior and subordinated tranches of each of these types of securitized credit instruments. Although the Fund may invest in securities of any maturity or duration, the Fund expects to maintain a dollar weighted average duration of 3 years or less under normal market conditions. Duration is a measure of the sensitivity of a fixed income securitys price to changes in interest rates. The Funds average duration measure will incorporate a bonds yield, coupon, final maturity, and the effect of derivatives that may be used to manage the Funds interest rate risk. The Fund may invest in mortgage-related high-yield instruments rated below investment grade (commonly referred to as junk bonds). The Fund may invest up to 25% of its net assets in non-U.S.
securities, which may include non-U.S. dollar denominated foreign mortgage-related securities. Generally, a security is considered to be a U.S. or non-U.S. security based on the issuers country of risk, as determined by the Funds sub-adviser, Schroder Investment Management North America Inc. (SIMNA or the Sub-Adviser), based on information provided by one or more third-party service providers. The Fund may invest in certain restricted securities, such as securities that are only eligible for resale pursuant to Rule 144A, and certain securities of U.S. and non-U.S. issuers that are issued pursuant to Regulation S. The Fund may invest in mortgage dollar rolls. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis through the to-be-announced (TBA) market.
The Fund may use forward currency contracts to hedge currency risk and may engage in repurchase agreement transactions. The Sub-Adviser uses a research oriented, value-driven approach to investment and seeks to diversify credit risk and access sectors with the strongest fundamentals over the course of a credit cycle. The Sub-Adviser seeks to add value at different points in the credit cycle by capitalizing on inefficiencies within and among the financing markets for assets, including cyclical opportunities, and opportunities driven by regulation. In general, the Fund seeks to benefit from various risk premiums found within the securitized debt markets, capturing value through security selection, sector rotation and issue specific selection. In addition, the Sub-Adviser integrates financially material environmental, social and governance (ESG) characteristics into its investment process.
The Sub-Adviser evaluates the impact and risk around issues such as climate change, environmental performance, labor standards and corporate governance, which it views as important in its assessment of a companys risk and potential for profitability.
HITYX Performance
Total returns for HITYX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.5% |
| 3 years (annualised) | -0.6% |
HITYX Risk Information
Risk metrics for HITYX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.7%
HITYX Costs and Fees
HITYX costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.63%
- Portfolio turnover: 71%
- Brokerage commissions: 0.71 bps of average net assets (SEC N-CEN)
HITYX Cashflows
Over the 12 months to 2023-01, Hartford Schroders Securitized Income Fund had net outflows of $84.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-01 | −$15.06M |
| 2022-12 | −$17.46M |
| 2022-11 | $422.24K |
| 2022-10 | −$7.01M |
| 2022-09 | −$2.03M |
| 2022-08 | −$10.30M |
HITYX Debt Constituents
No individual debt constituents are reported in Hartford Schroders Securitized Income Fund's latest SEC N-PORT filing.
HITYX Prospectus and SEC Filings
Official Hartford Schroders Securitized Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus supplement (497) — filed 2021-12-01
- Portfolio holdings (N-PORT) — filed 2023-03-30
- Portfolio holdings (N-PORT) — filed 2022-12-27
- Portfolio holdings (N-PORT) — filed 2022-09-28
- Annual census (N-CEN) — filed 2023-01-13
- Annual census (N-CEN) — filed 2022-01-14
Related Funds
Other Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.