Hartford Funds has total assets worth $77.9 billion under management (as of Sept 30, 2016). It is a segment of The Hartford Financial Services Group, Inc. (HIG - Free Report) and claims to manage more than 55 funds across a wide range of styles and asset classes. 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 strives to beat or meet industry benchmarks through effective human-centric investing. Its parent company, Hartford Financial Services was founded in 1810 and is recognized a renowned insurance company in the U.S.
Below we share with you four top-rated 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 Strategic Income A (HSNAX - Free Report) seeks total return over the long run with current income. It invests in debt securities in both domestic and foreign countries which are expected to offer a high total return. It invests in securities including junk bonds and investment-grade securities. The diversified bond mutual fund returned 5.6% in the last one-year period.
HSNAX has an expense ratio of 0.95% compared to the category average of 1.02%.
Hartford MidCap Value HLS IA (HMVIX - Free Report) invests the majority of its assets in securities of mid-cap companies. Mid-cap companies are those that fall within the range of the S&P MidCap 400 and Russell Midcap Indices. HMVIX may also invest nearly one-fifth of its assets in common stocks of foreign companies. The fund seeks growth of capital for the long run and returned 6.9% in the last one-year period.
James Mordy is the portfolio manager of HMVIX since 2001.
Hartford Global Real Asset R5 (HRLTX - Free Report) aims to achieve its investment objective by maintaining a globally diverse mix. HRLTX maintains its diverse portfolio by investing around 10% of its assets in commodities, 35% of its assets in fixed income securities and 55% of its assets in inflation-related common stocks. The fund returned 11.4% in the last one-year period.
HRLTX has an expense ratio of 0.95% compared to the category average of 1.05%.
Hartford Growth Opportunities HLS IB (HBGOX - Free Report) seeks growth of capital and maintains a diversified portfolio by investing in common stocks of growth-oriented, mid- and large-cap companies. HBGOX may invest not more than one-fourth of its assets in securities of foreign companies. The fund’s sub-adviser Wellington Management utilizes fundamental analysis to identify companies with superior growth prospects. The fund returned 2% in the last one-year period.
As of October 2016, HBGOX held 100 issues with 4.80% of its assets invested in Facebook Inc.
To view the Zacks Rank and past performance of all Hartford mutual funds, investors can click here to see the complete list of Hartford funds.
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