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Bet On These 3 Hartford Mutual Funds For Alluring Returns

Zacks Equity Research
Updated
Is (LXFR) Outperforming Other Industrial Products Stocks This Year?

The Hartford Financial Services Group, Inc. (HIG) was founded in 1810 and is recognized as 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 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 $115.4 billion under management as of Mar 31, 2018. The company claims that it manages more than 55 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 Hartford funds.

Hartford Municipal Real Return A HTNAX primarily invests in tax-exempt obligations issued by states, territories, and possessions of the United States, and their political subdivisions, agencies and instrumentalities. A large portion of the tax-exempt obligations bought by the fund will be of “investment grade” quality. HTNAX seeks to offer income free from federal income tax. Hartford Municipal Real Return A has one-year annualized returns of 2%.

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HTNAX has an expense ratio of 0.69% compared with the category average of 0.76%.

Hartford Small Company HLS Fund IA HIASX primarily invests its assets in common stocks issued by small-capitalization companies. The fund may also invest almost one-fifth of its assets in securities of non-U.S. issuers. Small-capitalization companies are those whose market capitalization falls within the collective range of the Russell 2000 and S&P SmallCap 600 indices. HIASX seeks appreciation of capital. Hartford Small Company HLS Fund IA has returned 19.2% in a year.

Mammen Chally has been one of the fund managers of HIASX since 2010.

Hartford Global Growth HLS IB HBGLX seeks appreciation of capital. The fund maintains a diversified portfolio by investing a bulk of its assets in common stocks of companies located throughout the world, which may also include the U.S. Hartford Global Growth HLS IB. It has returned 21.7% over the past one year.

As of March 2018, HBGLX held 126 issues, with 3.87% of its assets invested in Alphabet Inc C.

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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Zacks Investment Research