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3 Best Hartford Funds for Decent Returns

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Hartford Funds, a segment of The Hartford Financial Services Group, Inc. (HIG), had total assets of around $127 billion under management (as of Dec 31, 2019). 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 creating solutions, products and advisor tools, which in turn, 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) and is expected to outperform peers in the future. Investors can click here to see the complete list of funds.

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 may invest across all market-capitalizations, it may especially focus on investing in securities of large-capitalization companies. HADAX returned 8.4% over the past year.

Michael E. Stack is one of the fund managers of HADAX since 2015.

Hartford Healthcare HLS Fund Class IA (HIAHX - Free Report) invests the majority of its assets in equity securities of healthcare companies. The fund aims for long-term capital appreciation. The fund has the flexibility to invest in companies of any market-capitalization across any country. HIAHX returned 10.5% over the past year.

As of the end of February 2020, HIAHX held 110 issues, with 5.03% of its assets invested in Pfizer Inc.

Hartford Stock HLS Fund Class IB (HIBSX - Free Report) aims for long-term capital growth. The fund invests the majority of its assets in equity securities. The fund also invests a smaller portion of its assets in non-U.S. companies’ securities and non-dollar securities. HIBSX returned 8.6% over the past year.

HIBSXhas an expense ratio of 0.76% compared with the category average of 0.94%.

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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