Hartford Funds, a segment of The Hartford Financial Services Group, Inc. (HIG), had total assets of around $102.2 billion under management (as of Mar 31, 2020). The company claims to manage at least 50 mutual funds across a wide range of styles and asset classes. Hartford Financial Services was founded in 1810 and is a well-recognized insurer in the United States.
Hartford Funds focuses on meeting and even exceeding “traditional industry benchmarks” through “human-centric investing.” The company believes that human-centric investing can help in creating solutions, products and advisor tools to strengthen the bottom line and improve advisor-client relationships.
Below we share with you three top-ranked Hartford mutual funds. Each has 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.
Hartford Dividend and Growth HLS Fund Class IA (HIADX - Free Report) 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. HIADX has three-year annualized returns of 6.2%.
Matthew G. Baker is one of the fund managers of HIADX since 2010.
Hartford Small Cap Growth HLS Fund Class IB (HBSGX - Free Report) invests the bulk of its assets in common stocks of small-cap companies with impressive growth prospects. The fund may invest about one-fifth of its assets in securities of non-U.S. companies. HBSGX has three-year annualized returns of 7.4%.
As of the end of June 2020, HBSGX held 170 issues, with 1.2% of its assets invested in Five9 Inc.
Hartford Stock HLS Fund Class IB (HIBSX - Free Report) seeks capital appreciation over the long run. Though HIBSX invests in equity securities of companies irrespective of their market capitalization, a significant portion of its assets are from securities of companies with market capitalization similar to those listed on the Russell 1000 Index. The fund may also invest a maximum of 20% of its assets in securities of foreign companies. HIBSX has three-year annualized returns of 9.9%.
HIBSX has an expense ratio of 0.76% as compared with the category average of 0.92%.
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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