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3 Hartford Mutual Funds Worth Buying

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 $127 billion under management as of Dec 31, 2019 (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) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

Hartford Small Company HLS Fund Class IA HIASX primarily invests its assets in common stocks issued by small-capitalization companies. The fund may also invest almost one-fifth of its assets in securities of non-U.S. issuers. Small-capitalization companies are those whose market capitalization falls within the collective range of the Russell 2000 and S&P SmallCap 600 indices. HIASX has returned 5.3% in the last three years.

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Steven C. Angeli is one of the fund managers of HIASX since 2000.

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 may invest across all market capitalizations, it may especially focus on investing in securities of large capitalization companies. HADAX has returned 3.8% in the last three years.

As of the end of March 2020, HADAX held 6.4 issues, with 4.4% 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. The fund invests the majority of its assets in dividend-paying equity securities. HIADX has three-year annualized returns of 2.3%.

HIAHX has 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