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Hartford Funds, a segment of The Hartford Financial Services Group, Inc., had total assets worth $139.4 billion under management (as of Dec 31, 2020). The company claims to manage more than 50 mutual funds across a wide range of styles and asset classes. It 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.” Management believes that human-centric investing can help create solutions, products and advisor tools to strengthen the company’s bottom line and improve its 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 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 that include non-dollar securities as well as securities of issuers from emerging markets. HGXAX has three-year annualized returns of 15.1%.
Tara Connolly Stilwell has been the fund manager of HGXAX since 2019.
Hartford Core Equity Fund Class A HAIAX targets capital expansion. The fund invests the majority of its assets in common stocks of the company that fall under a broad range of market capitalizations. The fund manager tends to focus on large-capitalization companies with market capitalizations similar to those on the S&P 500 Index. HAIAX has three-year annualized returns of 15.6%.
HAIAX has an expense ratio of 0.73% compared with the category average of 0.89%.
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 has three-year annualized returns of 4.4%.
As of the end of February 2021, HHMAX held 712 issues with 1.44% of its assets invested in TEXAS ST 0.06%.
To view the Zacks Rank and the past performance of all Hartford mutual funds, investors can click here to see the complete list of funds.
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