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3 Hartford Mutual Funds for a Steady Portfolio

Zacks Equity Research

Hartford Funds, a segment of The Hartford Financial Services Group, Inc. (HIG), had total assets of around $102.2 billion under management (as of Mar 31, 2020). 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 in creating solutions, products and advisor tools to 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) 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 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. HIADX has three-year annualized returns of 6.2%.

Matthew G. Baker is one of the fund managers of HIADX since 2010.

Hartford Small Cap Growth HLS Fund Class IB HBSGX invests the bulk of its assets in common stocks of small-cap companies with impressive growth prospects. The fund may invest about one-fifth of its assets in securities of non-U.S. companies. HBSGX has three-year annualized returns of 7.4%.

As of the end of June 2020, HBSGX held 170 issues, with 1.2% of its assets invested in Five9 Inc.

Hartford Stock HLS Fund Class IB HIBSX seeks capital appreciation over the long run. Though HIBSX invests in equity securities of companies irrespective of their market capitalization, a significant portion of its assets are from securities of companies with market capitalization similar to those listed on the Russell 1000 Index. The fund may also invest a maximum of 20% of its assets in securities of foreign companies. HIBSX has three-year annualized returns of 9.9%.

HIBSX has an expense ratio of 0.76% as compared with the category average of 0.92%.

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