Hartford Funds, a segment of The Hartford Financial Services Group, Inc. (HIG), had total assets of around $ 117.8 billion under management (as of Jun 30, 2020). The company claims to manage more than 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) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
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 the fund’s net assets may be invested in non-investment grade municipal securities. HHMAX has three-year annualized returns of 3.6%.
Timothy D. Haney is one of the fund managers of HHMAX since 2012.
Hartford MidCap Value HLS Fund Class IA HMVIX aims for long-term capital appreciation. The fund aims to achieve its investment objective by investing at least 80% of its assets in mid-capitalization companies within the collective range of the Russell Midcap and S&P MidCap 400 Indices. HMVIX has three-year annualized returns of 1.3%.
HMVIX has an expense ratio of 0.86% as compared with the category average of 1.09%.
Hartford Core Equity Fund Class A HAIAX aims for growth of capital. The fund invests the majority of its assets in common stocks of 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 companies on the S&P 500 Index. HAIAX has three-year annualized returns of 15.4%.
As of the end of August 2020, HAIAX held 73 issues, with 5.76% of its assets invested in Apple Inc.
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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