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 $104.8 billion under management as of Dec 31, 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 four 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 Stock HLS IA HSTAX invests in equity securities of companies irrespective of their market capitalization. However, it invests a significant portion of its assets in securities of large-cap companies whose market-cap is similar to those listed on the Russell 1000 Index. HSTAX may also invest a maximum of 20% of its assets in securities of non-U.S. companies. Hartford Stock HLS IA has a three-year annualized return of 12.1%.
HSTAX has an expense ratio of 0.52% as compared with the category average of 0.95%.
Hartford Small Company HLS Fund IA HIASX primarily invests its assets in common stocks issued by small-capitalization companies. The fund may also invest almost one-fifth of its assets in securities of non-U.S. issuers. Small-capitalization companies are those whose market capitalization falls within the collective range of the Russell 2000 and S&P SmallCap 600 indices. Hartford Small Company HLS Fund IA has returned 16.6% in the last three years.
Steven C. Angeli is one of the fund managers of HIASX since 2000.
Hartford Small Cap Growth HLS 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. Hartford Small Cap Growth HLS IB has three-year annualized returns of 13.8%.
As of December 2018, HDMBX held 168 issues, with 4.4% of its assets invested in iShares Russell 2000 Growth ETF.
Hartford Stock HLS 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. Hartford Stock HLS IB has three-year annualized returns of 11.8%.
Donald J. Kilbride is the fund manager of HIBSX since 2012.
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 (HSTAX): Fund Analysis Report
Get Your Free (HBSGX): Fund Analysis Report
Get Your Free (HIBSX): Fund Analysis Report
Get Your Free (HIASX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research