Yahoo Finance 3 Top Hartford Mutual Funds for High Returns
Hartford Funds, a segment of The Hartford Financial Services Group, Inc. HIG, has total assets of $115.3 billion under management (as of Dec 31, 2017). The company claims to manage at least 55 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 bottom lines 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 High Yield A HAHAX seeks a high level of returns and even better returns in the long run. HAHAX invests a large chunk of its assets in non-investment grade debt securities. The fund focuses on investing in those securities and specific issuers that the fund's sub-adviser expects to offer both income and returns. Hartford High Yield A has returned 4.1% in the last one-year period.
Christopher A. Jones is one of the fund managers of HAHAX since 2012.
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 majority of its assets in common stocks of companies that fall within the range of both the Russell 2000 and S&P SmallCap 600 Indices. The fund seeks appreciation of capital. Hartford Small Company HLS has returned 22.5% over the last one-year period.
As of February 2018, HDMBX held 225 issues, with 2.92% of its assets invested in Planet Fitness Inc A.
Hartford Strategic Income A HSNAX seeks total returns over the long run with growth of income. HSNAX invests heavily 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. Hartford Strategic Income A has returned 5% in the last one-year period.
HSNAX has an expense ratio of 0.96% compared with the category average of 1.02%.
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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