Hartford Funds, a segment of The Hartford Financial Services Group, Inc. (NYSE:HIG), has total assets of around $121.1 billion under management (as of Sep 30, 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 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 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 that fall 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 7.01%.
As of January 2019, HDMBX held 112 issues, with 2.42% of its assets invested in Insulet Corp.
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 three-year annualized returns of 8.73%.
HSTAX has an expense ratio of 0.52% as compared to the category average of 0.95%.
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, it invests a significant portion of its assets in 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 8.46%.
Donald J. Kilbride is the fund manager of HIBSX since 2012.
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 investing in 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 7.95%.
HGISX has an expense ratio of 0.76% 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.
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 >>
Original post
Zacks Investment Research