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3 Hartford Mutual Funds You Must Add to Your Portfolio

Zacks Equity Research
·2 min read

The Hartford Financial Services Group, Inc. was founded in 1810 and is a renowned insurance company in the United States. The company believes that “human-centric investing can create solutions and advisor tools that not only strengthen bottom lines but [also] strengthen advisor-client relationships by helping investors better realize their true-life goals.”

Hartford Funds — a segment of Hartford Financial Services — had total assets of $102.2 billion under management as of Mar 31, 2020 (excluding affiliated funds of funds). The company manages more than 50 mutual funds across a wide range of styles and asset classes.

Below we share with you three top-ranked Hartford mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

The Hartford Strategic Income Fund Class A HSNAX seeks total returns over the long run with growth of income. HSNAX invests in debt securities issued by U.S. and non-U.S. companies, which are expected to offer high returns. It invests in debt securities, including junk bonds and highly rated securities. HSNAX has returned 5.5% in the past three years.

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Campe Goodman has been one of the fund managers of HSNAX since 2012.

Hartford Balanced HLS Fund Class IA HADAX invests the majority of its assets in equity securities and a smaller portion in debt securities and cash instruments. Although the fund can invest across all market capitalizations, it may especially invest in securities of large-capitalization companies. HADAX returned 7.5% over the past three years.

As of the end of July 2020, HBSGX held 637 issues, with 4.7% of its assets invested in Microsoft Corp.

Hartford Dividend and Growth HLS Fund Class IA HIADX primarily invests in equity securities of companies. The fund aims for a high level of current income, which is on par with capital appreciation. It invests the majority of its assets in dividend-paying equity securities of larger, well-established companies. HIADX has three-year annualized returns of 7%.

HIADXhas an expense ratio of 0.68% as compared with the category average of 1.00%.

To view the Zacks Rank and past performance of all Hartford mutual funds, investors can click here to see the complete list of funds.

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Zacks Investment Research