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Buy These 3 Hartford Mutual Funds for Striking Returns

Zacks Equity Research
Updated
j2 Global (JCOM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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 $117 billion under management as of Jun 30, 2018. The company claims that it manages at least 55 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 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 returned 29.4% over the past year.

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As of September 2018, HDMBX held 300 issues, with 0.99% of its assets invested in Teledyne Technologies Inc.

Hartford Global Growth HLS Fund IA HIALX seeks capital growth. HIALX invests more than 65% of its assets in common stocks of growth companies based in different countries, including the United States. The fund may also invest almost one-fourth of its assets in securities of companies located in emerging markets. Hartford Global Growth HLS Fund IA has returned 20.3% over the past year.

Matthew D. Hudson is one of the fund managers of HIALX since 2007.

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 returned 20.6% over the past one year.

HGISX has an expense ratio of 0.79% 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.

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Zacks Investment Research