Hartford High Yield Fund Q3 2024 Commentary

Summary

• Hartford High Yield Fund (I share) underperformed the Bloomberg High Yield Corporate Index during the quarter.
• Global fixed-income markets generated strong positive total returns during the third quarter, as measured by the Bloomberg Global Aggregate Index hedged to US dollars.
• The Fund ended the period most overweight to the technology and home-construction sectors and was most underweight to the transportation and retailers sectors.

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Market Overview

Global fixed-income markets generated strong positive total returns during the third quarter, as measured by the Bloomberg Global Aggregate Index hedged to US dollars. Sovereign yields declined sharply as inflation further moderated across most developed-market (DM) economies and central-bank policies