Hartford Funds, a segment of The Hartford Financial Services Group, Inc. (HIG), had total assets of around $104.8 billion under management (as of Dec 31, 2018). 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 insurance company 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, which help in strengthening the bottom line and improving advisor-client relationships.
Below we share with you four top-ranked Hartford mutual funds. Each has 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 funds.
Hartford Core Equity Fund Class R5 (HGITX - Free Report) aims for capital growth. The fund invests the majority of its assets in common stocks. The fund’s portfolio aims to be diversified broadly by industry and company. The advisor focuses more on large capitalization companies with market capitalizations that are similar to those of companies in the S&P 500 Index, although the fund may invest across a wide range of market capitalizations. HGITX has a three-year annualized return of 14.7%.
HGITX has an expense ratio of 0.49% as compared with the category average of 0.94%.
The Hartford Small Company Fund Class R5 (IHSUX - Free Report) aims for capital appreciation. The fund invests most of its assets in common stocks of small capitalization companies. The fund follows its investment objective by investing mostly in common stocks that are selected on the basis of potential for capital growth. IHSUX has returned 19.4% in the last three years.
Steven C. Angeli is one of the fund managers of IHSUX since 2000.
Hartford Stock HLS Fund Class IA (HSTAX - Free Report) aims for long-term capital appreciation. The fund invests most of its assets in equity securities. The fund’s advisor may invest in stocks within a broad range of market capitalizations, but focuses on large capitalization companies that have market capitalizations similar to those in the Russell 1000 Index as selected by the fund's sub-advisor, Wellington Management Company LLP. HSTAX has three-year annualized returns of 13.5%.
As of March 2019, HSTAX held 44 issues, with 3.79% of its assets invested in McDonald's Corp.
Hartford Quality Value Fund Class R5 (HVOTX - Free Report) seeks long-term capital growth. The fund achieves its investment objective by investing primarily in common stocks of issuers located in the United States. The fund’s sub-advisor chooses the investments using fundamental research to find high-quality companies that demonstrate a commitment to dividends and shareholders and improving or sustainable operating characteristics. HVOTX has three-year annualized returns of 10.6%.
Matthew G. Baker is the fund manager of HVOTX since 2017.
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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