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3 Hartford Mutual Funds That Stand Out

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Zacks Equity Research
·3 min read
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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 $123.7 billion under management as of Sep 30, 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.

Hartford Global Impact Fund Class A HGXAX aims for long-term capital appreciation. The fund invests in equity securities of issuers located throughout the world which includes non-dollar securities as well as securities of issuers from emerging markets. HGXAX carries a Zacks Rank #1 and has three-year annualized returns of 13.1%.

Tara Connolly Stilwell has been the fund manager of HGXAX since 2019.

Hartford Municipal Opportunities Fund Class A HHMAX aims to provide current income that is generally exempt from federal income taxes and long-term total return. The fund invests the majority of its assets in municipal securities, and up to 35% of its net assets may be invested in non-investment grade municipal securities. HHMAX sports a Zacks Rank #1 and has three-year annualized returns of 3.5%.

As of the end of November 2020, HHMAX held 685 issues, with 1.58% of its assets invested in TEXAS ST 0.14%.

Hartford Dividend and Growth HLS Fund Class IA HIADX 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 carries a Zacks Rank #2 and has three-year annualized returns of 8.9%.

HIADX has an expense ratio of 0.66% as compared with the category average of 0.99%.

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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Zacks Investment Research