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Hartford Balanced Income Fund

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Objective

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

Overview

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

More About Balanced Income Fund 

Performance

Performance (%)
% (as of 11/30/2019)
Average Annual Total Returns % (as of 11/30/2019)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income  I 17.23 13.44 8.29 6.66 8.89 7.42
Blended Benchmark 18.03 13.66 7.75 6.23 8.58 ---
Morningstar Allocation--30% to 50% Equity Category 13.01 9.59 6.01 3.98 5.35 ---
Performance (%)
% (as of 9/30/2019)
Average Annual Total Returns % (as of 9/30/2019)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income  I 15.34 9.82 7.39 6.86 9.11 7.39
Blended Benchmark 15.16 8.68 6.85 6.30 8.56 ---
Morningstar Allocation--30% to 50% Equity Category 11.20 4.54 4.96 3.94 5.39 ---
SI = Since Inception. Fund Inception: 07/31/2006
Operating Expenses:   Net  0.65% |  Gross  0.65%
Share Class Inception: 2/26/10.
Class I-share performance prior to its inception date reflects Class A-share performance (excluding sales charges) and operating expenses. 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 10/31/2019)
[{"date":"Thu Oct 31 00:00:00 EDT 2019","value":"24019.0"},{"date":"Mon Sep 30 00:00:00 EDT 2019","value":"23840.0"},{"date":"Sat Aug 31 00:00:00 EDT 2019","value":"23557.0"},{"date":"Wed Jul 31 00:00:00 EDT 2019","value":"23396.0"},{"date":"Sun Jun 30 00:00:00 EDT 2019","value":"23282.0"},{"date":"Fri May 31 00:00:00 EDT 2019","value":"22379.0"},{"date":"Tue Apr 30 00:00:00 EDT 2019","value":"22732.0"},{"date":"Sun Mar 31 00:00:00 EDT 2019","value":"22363.0"},{"date":"Thu Feb 28 00:00:00 EST 2019","value":"22006.0"},{"date":"Thu Jan 31 00:00:00 EST 2019","value":"21592.0"},{"date":"Mon Dec 31 00:00:00 EST 2018","value":"20669.0"},{"date":"Fri Nov 30 00:00:00 EST 2018","value":"21359.0"},{"date":"Wed Oct 31 00:00:00 EDT 2018","value":"21025.0"},{"date":"Sun Sep 30 00:00:00 EDT 2018","value":"21708.0"},{"date":"Fri Aug 31 00:00:00 EDT 2018","value":"21696.0"},{"date":"Tue Jul 31 00:00:00 EDT 2018","value":"21651.0"},{"date":"Sat Jun 30 00:00:00 EDT 2018","value":"21049.0"},{"date":"Thu May 31 00:00:00 EDT 2018","value":"21077.0"},{"date":"Mon Apr 30 00:00:00 EDT 2018","value":"21002.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"21092.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"21238.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"21937.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"21714.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"21471.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"21213.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"20998.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"20680.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"20623.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"20395.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"20302.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"20075.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"19920.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"19950.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"19487.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"19430.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"19082.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"19040.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"19247.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"19274.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"19165.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"18822.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"18462.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"18340.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"18054.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"17220.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"17179.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"17436.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"17675.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"17701.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"16935.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"17048.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"17573.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"17402.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"17812.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"17799.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"17656.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"17702.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"17366.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"17469.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"17550.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"17348.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"17108.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"17397.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"17021.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"17259.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"17079.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"16842.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"16630.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"16422.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"15989.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"16187.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"15981.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"15848.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"15435.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"15146.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"15484.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"15098.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"15392.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"15476.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"15128.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"14893.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"14726.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"14428.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"14346.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"14298.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"14227.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"14020.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"13915.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"13544.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"13155.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"13535.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"13443.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"13332.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"13057.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"12760.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"12417.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"12508.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"11838.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"12192.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"12361.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"12428.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"12573.0"},{"date":"Sat Apr 30 00:00:00 EDT 2011","value":"12517.0"},{"date":"Thu Mar 31 00:00:00 EDT 2011","value":"12183.0"},{"date":"Mon Feb 28 00:00:00 EST 2011","value":"12135.0"},{"date":"Mon Jan 31 00:00:00 EST 2011","value":"11847.0"},{"date":"Fri Dec 31 00:00:00 EST 2010","value":"11725.0"},{"date":"Tue Nov 30 00:00:00 EST 2010","value":"11438.0"},{"date":"Sun Oct 31 00:00:00 EDT 2010","value":"11569.0"},{"date":"Thu Sep 30 00:00:00 EDT 2010","value":"11405.0"},{"date":"Tue Aug 31 00:00:00 EDT 2010","value":"10992.0"},{"date":"Sat Jul 31 00:00:00 EDT 2010","value":"10970.0"},{"date":"Wed Jun 30 00:00:00 EDT 2010","value":"10480.0"},{"date":"Mon May 31 00:00:00 EDT 2010","value":"10491.0"},{"date":"Fri Apr 30 00:00:00 EDT 2010","value":"10933.0"},{"date":"Wed Mar 31 00:00:00 EDT 2010","value":"10771.0"},{"date":"Sun Feb 28 00:00:00 EST 2010","value":"10496.0"},{"date":"Sun Jan 31 00:00:00 EST 2010","value":"10357.0"},{"date":"Thu Dec 31 00:00:00 EST 2009","value":"10421.0"},{"date":"Mon Nov 30 00:00:00 EST 2009","value":"10339.0"},{"date":"Sat Oct 31 00:00:00 EDT 2009","value":"10000.0"}]

 
Growth of $10,000

The Fund’s Class I shares has not been in operation for 10 years. Therefore, the growth of $10,000 (I Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.

   

I-Share Morningstar Rating
(as of 10/31/2019)
  • Overall
    infoIcon:
    Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 491, 491, 399 and 263 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
    ©2019 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.
    infoIcon:
  • 491 Products | Allocation--30% to 50% Equity Category
Based on Risk-Adjusted Returns
Calendar Year Returns (%)
Fund Benchmark
2018 -4.81 -5.03
2017 11.75 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

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

CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.

Allocations, exposures and holdings are subject to change. Percentages may be rounded.
Statistics
As of Date 10/31/2019
Net Assets $13.0 billion
% in Equities 44
% in Bonds 51
% in Cash and Cash Equivalents 5
Beta (3 year) 0.41
R Squared (3 year) 0.95
Turnover (9/30/2019) 54%
Dividend Frequency Quarterly

Top Ten Equity Holdings (%)

(as of 10/31/2019)
label percentageholding
JP Morgan Chase & Co. 2.30
Bank of America Corp. 1.49
Pfizer, Inc. 1.45
Verizon Communications, Inc. 1.40
Cisco Systems, Inc. 1.23
Comcast Corp. 1.17
Lockheed Martin Corp. 1.17
Philip Morris International, Inc. 1.03
Crown Castle International Corp. 1.02
Exxon Mobil Corp. 1.00
Total Portfolio % 13.26
(as of 9/30/2019)
label percentageholding
JP Morgan Chase & Co. 2.20
Cisco Systems, Inc. 1.48
Verizon Communications, Inc. 1.42
Bank of America Corp. 1.41
Pfizer, Inc. 1.38
Lockheed Martin Corp. 1.23
Comcast Corp. 1.20
Exxon Mobil Corp. 1.06
Crown Castle International Corp. 1.04
Suncor Energy, Inc. 1.04
Total Portfolio % 13.46
Equity Holdings Characteristics
(as of 10/31/2019)
Fund
# of Equity Holdings 70
Price/Earnings 14.1x
EPS Growth Rate 7.8%
Return on Equity 30.3%
Asset Weighted Market Cap (billions) $147.4
Median Market Cap (billions) $70.4

Equity Sector Exposure (%)

(as of 10/31/2019)
label currentpercentage
Financials 21
Health Care 17
Consumer Staples 12
Energy 10
Industrials 9
Utilities 9
Information Technology 8
Communication Services 6
Consumer Discretionary 3
Real Estate 2
Materials 2
(as of 9/30/2019)
label currentpercentage
Financials 20
Health Care 17
Consumer Staples 12
Energy 10
Industrials 9
Utilities 9
Information Technology 9
Communication Services 7
Consumer Discretionary 3
Real Estate 2
Materials 2
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.
Fund Essentials
Inception Date 07/31/2006
Symbol HBLIX
CUSIP 41664M821
Fund Number 1682

Top Ten Fixed-Income Issuers (%)

(as of 10/31/2019)
label percentageholding
JP Morgan Chase & Co. 1.58
Bank of America Corp. 1.44
Morgan Stanley 1.09
AT&T, Inc. 1.02
Citigroup, Inc. 1.00
Goldman Sachs Group, Inc. 0.93
Wells Fargo & Co. 0.87
Verizon Communications, Inc. 0.83
Comcast Corp. 0.76
U.S. Treasury Bonds 0.70
Total Portfolio % 10.22
(as of 9/30/2019)
label percentageholding
JP Morgan Chase & Co. 1.61
Bank of America Corp. 1.33
U.S. Treasury Bonds 1.06
AT&T, Inc. 1.03
Morgan Stanley 1.02
Citigroup, Inc. 0.98
Goldman Sachs Group, Inc. 0.94
Verizon Communications, Inc. 0.79
Wells Fargo & Co. 0.70
Comcast Corp. 0.60
Total Portfolio % 10.06
Fixed-Income Holdings Characteristics
(as of 10/31/2019)
Fund
# of Fixed-Income Issuers 559
% in Foreign 18
Effective Duration 7.36 yrs

Fixed-Income Sector Exposure (%)

(as of 10/31/2019)
label currentpercentage
Investment Grade Credit 81
High Yield Credit 7
Cash, Cash Equivalents and Cash Offsets 5
Emerging Market Debt 3
United States Government 3
Bank Loans 0
Developed Government and Related (Non-US $) 0
Mortgage Backed Securities 0
Convertible Bonds 0
Other 0
Commercial Mortgage Backed Securities 0
Asset Backed Securities 0
Tax Exempt Municipal 0
(as of 9/30/2019)
label currentpercentage
Investment Grade Credit 81
High Yield Credit 7
Cash, Cash Equivalents and Cash Offsets 4
Emerging Market Debt 3
United States Government 3
Bank Loans 0
Developed Government and Related (Non-US $) 0
Mortgage Backed Securities 0
Convertible Bonds 0
Other 0
Commercial Mortgage Backed Securities 0
Asset Backed Securities 0
Tax Exempt Municipal 0
Market Cap Distribution %
(as of 10/31/2019)
Fund
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 11/30/2019
Distribution Yield at NAV 2.55%
Trailing 12 Month Yield 2.02%
30 Day SEC Yield 2.43%
Unsubsidized 30-Day SEC Yield 2.43%

Insights

pdf

The 5-Minute Forecast 4Q19 

10/16/2019
A concise summary of the Hartford Funds Investment Consulting Group's views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes.
pdf

3Q Multi-Asset Outlook: Central Banks to the Rescue? Don't Count on it  

07/15/2019
Regardless of near-term developments on the trade front, I expect growth to slow and think investors should consider more defensive positioning.
pdf

The Power of Dividends 

04/16/2019
Is all the talk about dividend-paying stocks just a fad? Or is there real merit to the dividend argument, particularly at this point in market history?

Literature

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pdf

Fact Sheet

09/30/2019 | 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

09/30/2019 | pdf

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

View FINRA Letter

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Commentary

09/30/2019 | 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

09/30/2019 | 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

09/30/2019 | 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

03/01/2019 | pdf

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

Pitchbook

09/30/2019 | pdf

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

Semi Annual Report

04/30/2019 | pdf

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

Statutory Prospectus

03/01/2019 | pdf

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

Annual Report

10/31/2018 | pdf

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

Hartford Balanced Income Sales Idea Flyer

11/01/2019 | pdf

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

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Balanced Income Fund Flyer

09/30/2019 | 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

09/30/2019 | pdf

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

SAI

03/01/2019 | 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. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. • 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 the Fund to underperform the broader stock market.

Additional Information Regarding Bloomberg Barclays Indices Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, "Barclays"), used under license. Bloomberg or Bloomberg's licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

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