3 Hartford Mutual Funds To Buy Now

Hartford Funds, a segment of The Hartford Financial Services Group, Inc. (NYSE:HIG), has total assets of around $104.8 billion under management (as of Dec 31, 2018). 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 insurance company 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, which help in strengthening the bottom line and improving advisor-client relationships.

Below we share with you three 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 Small Company HLS HDMBX invests in common stocks of companies that have strong capital growth potential. HDMBX’s sub-adviser, Wellington Management Company, LLP, invests a huge chunk of its assets in common stocks of companies within the range of both the S&P SmallCap 600 and Russell 2000 indices. The fund may also invest around one-fifth of its assets in foreign companies. Hartford Small Company HLS has three-year annualized returns of 20.6%.

As of January 2019, HDMBX held 103 issues, with 2.47% of its assets invested in Insulet Corp.

Hartford Core Equity A HAIAX seeks appreciation of capital. HAIAX invests the lion’s share of its assets in common stocks of companies across a broad range of market capitalization. The fund’s advisor, however, generally focuses on companies with market capitalization similar to those companies listed on the S&P 500 index. Hartford Core Equity A has three-year annualized returns of 14.3%.

Mammen Chally has been one of the fund managers of HAIAX since 1998.

Hartford Core Equity R4 HGISX seeks capital growth. HGISX invests a huge portion of its assets in common stocks. The fund maintains a diverse portfolio by investing in different companies and industries, with the fund adviser focusing on large-cap companies that have market-cap similar to those included on the S&P 500 index. Hartford Core Equity R4 has three-year annualized returns of 14.2%.

HGISX has an expense ratio of 0.79% compared with the category average of 0.95%.

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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