The Hartford Financial Services Group, Inc. was founded in 1810 and is a renowned insurance company in the United States. The company believes that “human-centric investing can create solutions and advisor tools that not only strengthen bottom lines but [also] strengthen advisor-client relationships by helping investors better realize their true-life goals.”
Hartford Funds — a segment of Hartford Financial Services — had total assets of $123.7 billion under management as of Sep 30, 2020 (excluding affiliated funds of funds). The company manages more than 50 mutual funds across a wide range of styles and asset classes.
Below we share with you three top-ranked Hartford mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
The Hartford Strategic Income Fund Class A HSNAX seeks total returns over the long run with growth of income. HSNAX invests in debt securities issued by U.S. and non-U.S. companies, which are expected to offer high returns. It invests in debt securities, including junk bonds and highly rated securities. HSNAX has returned 5.6% in the past three years.
Campe Goodman has been one of the fund managers of HSNAX since 2012.
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 3.5%.
As of the end of September 2020, HBSGX held 669 issues, with 1.7% of its assets invested in TEXAS ST 0.14%.
Hartford Dividend and Growth HLS Fund Class IA HIADX primarily invests in equity securities of companies. The fund aims for a high level of current income, which is on par with capital appreciation. It invests the majority of its assets in dividend-paying equity securities of larger, well-established companies. HIADX has three-year annualized returns of 6.7%.
HIADX has an expense ratio of 0.66% as compared with the category average of 0.99%.
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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