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 - Free Report) 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.
Campe Goodman has been one of the fund managers of HSNAX since 2012.
Hartford Balanced HLS Fund Class IA (HADAX - Free Report) 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 - 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 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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