The Hartford Financial Services Group, Inc. HIG was founded in 1810 and is recognized as 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 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 $121.1 billion under management as of Sep 30, 2018. The company claims that it 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) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Hartford funds.
Hartford Small Company HLS HDMBX invests in common stocks of companies that have strong capital growth potential. HDMBX’s sub-adviser, Wellington Management Company, LLP, invests a huge chunk of its assets in common stocks of companies that fall within the range of both the S&P SmallCap 600 and Russell 2000 indices. The fund may also invest around one-fifth of its assets in foreign companies. Hartford Small Company HLS has three-year annualized returns of 10.7%.
As of October 2018, HDMBX held 122 issues, with 2.21% of its assets invested in Insulet Corp.
Hartford Global Growth HLS Fund IA HIALX seeks capital growth. HIALX invests more than 65% of its assets in common stocks of growth companies based in different countries, including the United States. The fund may also invest almost one-fourth of its assets in securities of companies located in emerging markets. Hartford Global Growth HLS Fund IA has three-year annualized returns of 11.8%.
Matthew D. Hudson is one of the fund managers of HIALX since 2007.
Hartford Small Cap Growth HLS IB HBSGX invests a chunk of its assets in common stocks of small-cap companies. HBSGX seeks companies that are expected to have above-average growth prospects. The fund focuses on small-cap companies included on the S&P SmallCap 600 and Russell 2000 indices. Hartford Small Cap Growth HLS IB has three-year annualized returns of 8.7%.
HBSGX has an expense ratio of 0.90% compared with the category average of 1.23%.
To view the Zacks Rank and past performance of all Hartford mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Hartford Financial Services Group, Inc. (HIG) : Free Stock Analysis Report
Get Your Free (HBSGX): Fund Analysis Report
Get Your Free (HDMBX): Fund Analysis Report
Get Your Free (HIALX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research