3 Hartford Mutual Funds You Must Have in Your Portfolio

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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 $152.1 billion under management as of Sep 30, 2021 (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) 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 aims for total returns in the long run with growth of current income. The fund invests in debt securities issued by U.S. and non-U.S. companies, which are expected to offer high returns. Investments in debt securities include junk bonds, highly rated securities and foreign securities, including those from emerging markets. HSNAX has three-year annualized returns of 7.5%.

Campe Goodman is 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 4.6%.

As of the end of September 2021, HHMAX held 761 issues, with 1.3% of its assets invested in TEXAS ST 0.05%.

Hartford Small Company HLS Fund Class IB 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 the S&P SmallCap 600 and Russell 2000 indices. The fund may also invest around one-fifth of its assets in foreign companies. HDMBX has three-year annualized returns of 18.3%.

HDMBX has an expense ratio of 1.06% compared with the category average of 1.21%.

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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