Hartford Balanced HLS IA Fund (HADAX) a Zacks Rank #1 (Strong Buy) was incepted in January 2001 and is managed by Hartford Funds Management Company, LLC. The objective of HADAX is to seek growth of return for the long run. HADAX normally invests around 50%-75% of its assets in equity securities. HADAX also invests in cash instruments and debt securities. HADAX mainly focuses on investing in large-cap companies which falls within the range of the S&P 500 index.
This Allocation Balanced product, as of the last filing, allocates their fund in three major groups; Large Value, Intermediate Bond and Large Growth. Further, as of the last filing, Microsoft Corp (NASDAQ:MSFT), Cisco Systems Inc (NASDAQ:CSCO) and JP Morgan Chase (NYSE:JPM) & Co were the top holdings for HADAX.
The Hartford Balanced HLS IA fund, managed by Hartford, carries an expense ratio of 0.63%. Moreover, HADAX requires a minimal initial investment of $0.
HADAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 7.56% and 5 year 9.51%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
HADAX’s performance, as of the last filing, when compared to funds in its category was in the top 9% in 1 year, top 3% over the past 3 years, and in the 2% over the past 5 years.
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Zacks Investment Research