The Hartford Financial Services Group, Inc. (NYSE:HIG) was founded in 1810 and is recognized as a renowned insurance company in the U.S. 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 - has total assets of $74.9 billion under management (as of June 30, 2016). The company claims to manage more than 45 funds across a wide range of styles and asset classes.
Below, we share with you four top-rated Hartford mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future.
Hartford Small Cap Growth HLS IB (MUTF:HBSGX) invests the bulk of its assets in common stocks of small-cap companies with impressive growth prospects. The fund may invest about one-fifth of its assets in securities of non-U.S. companies. Hartford Small Cap Growth HLS IB has a three-year annualized return of 7%.
HBSGX has an expense ratio of 0.90% as compared to the category average of 1.37%.
Hartford Stock HLS IB (MUTF:HIBSX) seeks capital appreciation over the long run. Though HIBSX invests in equity securities of companies irrespective of their market capitalization, it invests a significant portion of its assets in securities of companies with market capitalization similar to those listed on the Russell 1000 Index. The fund may also invest a maximum of 20% of its assets in securities of foreign companies. Hartford Stock HLS IB has a three-year annualized return of 9.4%.
Donald J. Kilbride is the fund manager of HIBSX since 2012.
Hartford Healthcare HLS IA (MUTF:HIAHX) invests a large chunk of its assets in securities of both U.S. and non-U.S. health care companies. HIAHX invests in securities of companies located in several countries, irrespective of their size. The fund seeks growth of capital for the long run. Hartford Healthcare HLS IA has a three-year annualized return of 16.2%.
HIAHX has an expense ratio of 0.86% as compared to the category average of 1.31%.
Hartford Growth Opportunities HLS IA (MUTF:HAGOX) seeks capital growth and maintains a diversified portfolio by investing mainly in common stocks of growth-oriented, mid- and large-cap companies. HAGOX may invest not more than 20% of its assets in securities of foreign companies. Hartford Growth Opportunities HLS IA has a three-year annualized return of 12.5%.
As of July 2016, HAGOX held 101 issues, with 4.36% of its assets invested in Amazon.com Inc (NASDAQ:AMZN).