Back to top

Image: Bigstock

Scoop Up Returns With 3 Strong Buy Hartford Mutual Funds

Read MoreHide Full Article

The Hartford Financial Services Group, Inc. (HIG - Free Report) was founded in 1810 and is recognized as 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 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 $115.3 billion under management as of Dec 31, 2017. The company claims that it manages more than 55 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 Hartford funds.

Hartford Growth Allocation A (HRAAX - Free Report) seeks growth of capital for the long run. The fund invests in various other mutual funds and ETFs advised by Hartford Funds Management Company, LLC. The Investment Manager allocates around 65-95% of its assets in equity securities and about 5-35% of its assets in fixed income bonds. Hartford Growth Allocation A has returned 8% in the last three years.

As of December 2017, HRAAX held 17 issues, with 16.10% of its assets invested in Hartford Core Equity F.

Hartford Global Growth HLS IB  seeks appreciation of capital. The fund maintains a diversified portfolio by investing a bulk of its assets in common stocks of companies located throughout the world, which may also include the U.S. Hartford Global Growth HLS IB. It has returned 16.5% over the last three years. 

Matthew Hudson has been one of the fund managers of HBGLX since 2007.

Hartford Strategic Income A (HSNAX - Free Report) seeks total returns over the long run with current income. HSNAX invests in debt securities in both domestic and foreign countries that are expected to offer high total returns. It invests in debt securities including junk bonds and investment-grade securities. Hartford Strategic Income A has three-year annualized returns of 4.5%.

HSNAX has an expense ratio of 0.96% compared with the category average of 0.99%.

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

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>