Back to top

Image: Bigstock

Buy These 3 Hartford Mutual Funds for Good Returns

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 $115.4 billion under management as of Mar 31, 2018. The company claims that it manages at least 55 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 Hartford funds.

Hartford Small Company HLS (HDMBX - Free Report) invests in common stocks of companies that have strong capital growth potential. HDMBX’s sub-adviser, Wellington Management Company, LLP, invests a huge chunk of its assets in common stocks of companies that fall within the range of both the S&P SmallCap 600 and Russell 2000 indices. The fund may also invest around one-fifth of its assets in foreign companies. Hartford Small Company HLS has returned 26.1% over the past year.

As of May 2018, HDMBX held 235 issues, with 2.78% of its assets invested in Insulet Corp.

Hartford Global Growth HLS Fund IA  seeks capital growth. HIALX invests more than 65% of its assets in common stocks of growth companies based in different countries, including the United States. The fund may also invest almost one-fourth of its assets in securities of companies located in emerging markets. Hartford Global Growth HLS Fund IA has returned 21.2% over the past year.

Matthew D. Hudson is one of the fund managers of HIALX since 2007.

Hartford Capital Appreciation HLS IB (HIBCX - Free Report) invests at least 65% of its assets in common stocks of small-, mid- and large-cap companies. The fund may also invest around 35% of its assets in equity securities of foreign companies. HIBCX seeks capital growth. Hartford Capital Appreciation HLS IBhas returned 12% over the past year.

HIBCX has an expense ratio of 0.93% compared with the category average of 1.10%.

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 >>