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Hartford Balanced Income Fund

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Overview

A conservative fund that blends dividend-paying stocks with investment-grade corporate bonds.

Objective

Seeks to provide current income with growth of capital as a secondary objective.

More About Balanced Income Fund 

Performance

Performance (%)
% (as of 11/30/2018)
Average Annual Total Returns % (as of 11/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income  F -1.65 -0.45 6.56 6.00 10.07 6.96
Benchmark -1.38 -0.28 6.12 5.73 9.78 ---
Morningstar Allocation--30% to 50% Equity Category -2.00 -1.28 4.18 3.20 6.58 ---
Performance (%)
% (as of 9/30/2018)
Average Annual Total Returns % (as of 9/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income  F -0.04 3.38 8.68 7.09 8.98 7.20
Benchmark 0.63 3.57 8.19 6.99 8.37 ---
Morningstar Allocation--30% to 50% Equity Category 1.09 3.24 6.07 4.32 5.48 ---
SI = Since Inception. Fund Inception: 07/31/2006
Operating Expenses:   Net  0.61% |  Gross  0.61%
Share Class Inception: 2/28/17.
Class F-shares performance prior to 2/28/17 reflects Class I-shares performance and operating expenses, and, prior to 2/26/10, the performance and operating expenses of Class A-shares (excluding sales charges). Performance for Class F-shares prior to its inception date would have differed if Class F- operating expenses had been reflected. Since Inception (SI) performance is calculated from 7/31/06.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Growth of $10,000 (I-Share)

(as of 10/31/2018)
[{"date":"Wed Oct 31 00:00:00 EDT 2018","value":"25290.0"},{"date":"Sun Sep 30 00:00:00 EDT 2018","value":"26111.0"},{"date":"Fri Aug 31 00:00:00 EDT 2018","value":"26098.0"},{"date":"Tue Jul 31 00:00:00 EDT 2018","value":"26043.0"},{"date":"Sat Jun 30 00:00:00 EDT 2018","value":"25319.0"},{"date":"Thu May 31 00:00:00 EDT 2018","value":"25353.0"},{"date":"Mon Apr 30 00:00:00 EDT 2018","value":"25263.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"25371.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"25547.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"26387.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"26119.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"25827.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"25517.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"25258.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"24875.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"24806.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"24532.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"24420.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"24148.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"23961.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"23997.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"23440.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"23372.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"22953.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"22903.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"23152.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"23184.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"23052.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"22640.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"22207.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"22060.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"21716.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"20713.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"20664.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"20973.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"21260.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"21292.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"20371.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"20507.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"21137.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"20932.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"21425.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"21409.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"21237.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"21293.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"20889.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"21013.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"21110.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"20867.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"20578.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"20927.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"20473.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"20760.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"20544.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"20259.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"20004.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"19754.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"19232.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"19471.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"19223.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"19062.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"18566.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"18219.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"18625.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"18161.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"18514.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"18615.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"18197.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"17914.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"17713.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"17355.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"17256.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"17198.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"17114.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"16864.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"16738.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"16291.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"15824.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"16281.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"16170.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"16037.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"15706.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"15348.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"14936.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"15045.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"14240.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"14665.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"14868.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"14950.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"15124.0"},{"date":"Sat Apr 30 00:00:00 EDT 2011","value":"15057.0"},{"date":"Thu Mar 31 00:00:00 EDT 2011","value":"14654.0"},{"date":"Mon Feb 28 00:00:00 EST 2011","value":"14596.0"},{"date":"Mon Jan 31 00:00:00 EST 2011","value":"14250.0"},{"date":"Fri Dec 31 00:00:00 EST 2010","value":"14104.0"},{"date":"Tue Nov 30 00:00:00 EST 2010","value":"13758.0"},{"date":"Sun Oct 31 00:00:00 EDT 2010","value":"13916.0"},{"date":"Thu Sep 30 00:00:00 EDT 2010","value":"13718.0"},{"date":"Tue Aug 31 00:00:00 EDT 2010","value":"13222.0"},{"date":"Sat Jul 31 00:00:00 EDT 2010","value":"13195.0"},{"date":"Wed Jun 30 00:00:00 EDT 2010","value":"12606.0"},{"date":"Mon May 31 00:00:00 EDT 2010","value":"12619.0"},{"date":"Fri Apr 30 00:00:00 EDT 2010","value":"13151.0"},{"date":"Wed Mar 31 00:00:00 EDT 2010","value":"12956.0"},{"date":"Sun Feb 28 00:00:00 EST 2010","value":"12625.0"},{"date":"Sun Jan 31 00:00:00 EST 2010","value":"12458.0"},{"date":"Thu Dec 31 00:00:00 EST 2009","value":"12535.0"},{"date":"Mon Nov 30 00:00:00 EST 2009","value":"12436.0"},{"date":"Sat Oct 31 00:00:00 EDT 2009","value":"12029.0"},{"date":"Wed Sep 30 00:00:00 EDT 2009","value":"11990.0"},{"date":"Mon Aug 31 00:00:00 EDT 2009","value":"11706.0"},{"date":"Fri Jul 31 00:00:00 EDT 2009","value":"11416.0"},{"date":"Tue Jun 30 00:00:00 EDT 2009","value":"10684.0"},{"date":"Sun May 31 00:00:00 EDT 2009","value":"10522.0"},{"date":"Thu Apr 30 00:00:00 EDT 2009","value":"9959.0"},{"date":"Tue Mar 31 00:00:00 EDT 2009","value":"9484.0"},{"date":"Sat Feb 28 00:00:00 EST 2009","value":"9199.0"},{"date":"Sat Jan 31 00:00:00 EST 2009","value":"9769.0"},{"date":"Wed Dec 31 00:00:00 EST 2008","value":"10239.0"},{"date":"Sun Nov 30 00:00:00 EST 2008","value":"9854.0"},{"date":"Fri Oct 31 00:00:00 EDT 2008","value":"10000.0"}]

 
Growth of $10,000

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

   

Morningstar Analyst Rating

silver

Morningstar awarded the Fund a Silver analyst rating on 11/4/181

View Morningstar Analyst Report

F-Share Morningstar Rating
(as of 11/30/2018)
  • Overall
    infoIcon:
Calendar Year Returns (%)
Fund Benchmark
2017 11.93 9.84
2016 11.44 12.02
2015 -0.19 -1.97
2014 7.92 9.84
2013 12.19 12.87
2012 13.07 14.15
2011 8.83 4.77
2010 12.52 12.87
2009 22.42 22.26
2008 -18.53 -21.78

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

Characteristics Holdings are subject to change. Percentages may be rounded.

Statistics
As of Date 10/31/2018
Net Assets $11.6 billion
% in Equities 44
% in Bonds 54
% in Cash and Cash Equivalents 3
Beta (3 year) 0.49
R Squared (3 year) 0.92
Turnover (9/30/2018) 49%
Dividend Frequency Quarterly

Top Ten Equity Holdings (%)

(as of 10/31/2018)
label percentageholding
JP Morgan Chase & Co. 2.16
Pfizer, Inc. 1.60
Verizon Communications, Inc. 1.47
Cisco Systems, Inc. 1.33
Johnson & Johnson 1.25
Philip Morris International, Inc. 1.22
Chevron Corp. 1.09
Eli Lilly & Co. 1.08
Suncor Energy, Inc. 1.06
Comcast Corp. 0.99
Total Portfolio % 13.25
(as of 9/30/2018)
label percentageholding
JP Morgan Chase & Co. 2.14
Pfizer, Inc. 1.57
Cisco Systems, Inc. 1.36
Verizon Communications, Inc. 1.25
Johnson & Johnson 1.18
Suncor Energy, Inc. 1.18
Eli Lilly & Co. 1.15
Chevron Corp. 1.15
Philip Morris International, Inc. 1.08
Exxon Mobil Corp. 0.96
Total Portfolio % 13.02
Equity Holdings Characteristics
(as of 10/31/2018)
Fund
# of Equity Holdings 74
Price/Earnings 13.6x
EPS Growth Rate 9.9%
Return on Equity 19.7%
Asset Weighted Market Cap (billions) $137.5
Median Market Cap (billions) $66.1

Equity Sector Exposure (%)

(as of 10/31/2018)
label currentpercentage
Financials 18
Health Care 18
Energy 13
Consumer Staples 12
Utilities 9
Information Technology 9
Industrials 7
Communication Services 7
Materials 4
Consumer Discretionary 2
Real Estate 2
Telecommunication Services 0
(as of 9/30/2018)
label currentpercentage
Financials 19
Health Care 18
Energy 14
Consumer Staples 11
Utilities 8
Information Technology 9
Industrials 8
Communication Services 0
Materials 5
Consumer Discretionary 4
Real Estate 1
Telecommunication Services 4
Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.

Top Ten Fixed-Income Issuers (%)

(as of 10/31/2018)
label percentageholding
U.S. Treasury Notes 2.37
Bank of America Corp. 1.32
Morgan Stanley 1.21
Goldman Sachs Group, Inc. 1.09
JP Morgan Chase & Co. 1.04
Citigroup, Inc. 1.01
Wells Fargo & Co. 0.82
CVS Health Corp. 0.80
Verizon Communications, Inc. 0.79
HSBC Holdings plc 0.61
Total Portfolio % 11.06
(as of 9/30/2018)
label percentageholding
U.S. Treasury Notes 2.24
Bank of America Corp. 1.42
Morgan Stanley 1.18
JP Morgan Chase & Co. 1.12
Goldman Sachs Group, Inc. 1.06
Citigroup, Inc. 1.01
Wells Fargo & Co. 0.80
Verizon Communications, Inc. 0.79
CVS Health Corp. 0.74
HSBC Holdings plc 0.61
Total Portfolio % 10.97
Fixed-Income Holdings Characteristics
(as of 10/31/2018)
Fund
# of Fixed-Income Issuers 543
% in Foreign 25
Effective Duration 6.58 yrs

Fixed-Income Sector Exposure (%)

(as of 10/31/2018)
label currentpercentage
Investment Grade Credit 80
High Yield Credit 8
Emerging Market Debt 5
United States Government 5
Cash, Cash Equivalents and Cash Offsets 1
Bank Loans 0
Developed Government and Related (Non-US $) 0
Other 0
Convertible Bonds 0
Commercial Mortgage Backed Securities 0
(as of 9/30/2018)
label currentpercentage
Investment Grade Credit 78
High Yield Credit 8
Emerging Market Debt 5
United States Government 4
Cash, Cash Equivalents and Cash Offsets 4
Bank Loans 0
Developed Government and Related (Non-US $) 0
Other 0
Convertible Bonds 0
Commercial Mortgage Backed Securities 0
Market Cap Distribution %
(as of 10/31/2018)
Less than $2 billion 0
$2 billion - $5 billion 0
$5 billion - $10 billion 0
Greater than $10 billion 100
Not Classified 0
Yields
As of Date 11/30/2018
Distribution Yield at NAV 2.84%
Trailing 12 Month Yield 2.90%
30 Day SEC Yield 3.40%
Unsubsidized 30-Day SEC Yield 3.40%
Fund Essentials
Inception Date 07/31/2006
Symbol HBLFX
CUSIP 41664T727
Fund Number 3120

Insights

pdf

Client Conversations: Are CDs as Safe as You Think? 

Tue Oct 30 12:00:00 EDT 2018
The so-called safety of CDs could actually introduce far more risk than you anticipate, especially if your CDs automatically roll over.
pdf

Shelter From the Storm 

Mon Oct 22 12:42:00 EDT 2018
A fixed-income forecast for a rising-rate world.
pdf

The 5-Minute Forecast 4Q18 

Thu Oct 18 11:24:00 EDT 2018
A concise summary of the Hartford Funds Multi-Asset Team’s views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes.

Literature

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pdf

Fact Sheet

09/30/2018 | pdf

This client flyer summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.

View FINRA Letter

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Fund Story

09/30/2018 | pdf

This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.

View FINRA Letter

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Commentary

09/30/2018 | pdf

Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.

View FINRA Letter

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Expanded Commentary

09/30/2018 | pdf

Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.

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Fund Brochure

09/30/2018 | pdf

This brochure explains the benefits of using a balanced strategy that combines stocks and bonds in pursuit of upside potential and lower relative volatility.

View FINRA Letter

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Summary Prospectus

03/01/2018 | pdf

A concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.

Pitchbook

09/30/2018 | pdf

This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.

Semi Annual Report

04/30/2018 | pdf

A semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

Statutory Prospectus

03/01/2018 | pdf

An annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.

Annual Report

10/31/2017 | pdf

An annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

Balanced Income Fund Flyer

09/30/2018 | pdf

This flyer highlights the importance of assessing investments based on performance and volatility relative to the market.

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Balanced Income DC Flyer

09/30/2018 | pdf

This flyer highlights the importance of assessing investments based on their performance and volatility relative to the market.

Hartford Balanced Income Sales Idea Flyer

09/30/2018 | pdf

This flyer highlights the importance of assessing investments based on their performance and volatility relative to the market.

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SAI

03/01/2018 | pdf

A supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.  

Important Risks: Investing involves risk, including the possible loss of principal. • The Fund seeks to achieve its investment objective by allocating assets among different asset classes and/or specialist portfolio managers. There is no guarantee a fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. • Different investment styles may go in and out favor, which may cause a fund to underperform the broader stock market.

1 The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the manager research analysts of Morningstar. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Analysts use this five pillar evaluation to determine how they believe funds are likely to perform over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflects an Analyst’s conviction in a fund’s prospects for outperformance. Analyst Ratings are continuously monitored and reevaluated at least every 14 months. The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly from what we expected. For more detailed information about Morningstar’s Analyst rating, including its methodology, please go to hartfordfunds.com/MorningstarAnalystMethodology.

© 2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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