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Multi-Strategy fund

Hartford Balanced Income Fund   

MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 446, 446, 410 and 304 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.
©2024 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.
overall (as of 5/31/2024)
446 PRODUCTS
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns
MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 446, 446, 410 and 304 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.
©2024 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.
overall (as of 5/31/2024)
446 PRODUCTS
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns

Multi-Strategy fund

Hartford Balanced Income Fund   
Share Class - R5 (HBLTX)

A Fund for Whatever Market Comes Next

It’s easy to invest in an up market; it’s much harder to stay invested when the going gets tough. Investing in a mix of quality stocks and bonds can help provide balance in a variety of markets by aiming to provide current income and growth of capital.


Average Returns (%) by Market Environment (2007-2023)

Past performance does not guarantee future results.Down Markets: S&P 500 Index has a negative return in a calendar year. Flat Markets: S&P 500 Index returns between 0% and 4% in a calendar year. Up Markets: S&P 500 Index has a greater than 4% return in a calendar year. The S&P Index is not the Fund's benchmark and is used to represent the US equity market. Indices are unmanaged and not available for direct investment. The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. Source: Morningstar, Hartford Funds, 1/24.

Hartford Balanced Income Fund R5 Share Morningstar Ratings
Morningstar Medalist RatingTM
9/18/2023
overall
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 446, 446, 410 and 304 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.
©2024 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.

446 PRODUCTS
|
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 446, 446, 410 and 304 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.
©2024 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.

446 PRODUCTS
|
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 446, 446, 410 and 304 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.
©2024 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.

410 PRODUCTS
|
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 446, 446, 410 and 304 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.
©2024 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.

304 PRODUCTS
|
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns
Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
17
YRS
MANAGING THIS FUND
21
YRS
AT WELLINGTON MANAGEMENT
30
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Equity Portfolio Manager
4
YRS
MANAGING THIS FUND
20
YRS
AT WELLINGTON MANAGEMENT
27
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Equity Portfolio Manager
4
YRS
MANAGING THIS FUND
19
YRS
AT WELLINGTON MANAGEMENT
27
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio managers are supported by the full resources of Wellington.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 5/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 5/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income R5 2.08 10.64 1.38 5.58 5.57 6.73
Benchmark 3.11 12.78 1.15 5.57 5.35 ---
Morningstar Moderately Conservative Allocation Category 3.01 10.60 0.58 4.68 4.08 ---
 
CUMULATIVE %
(as of 3/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income R5 2.22 9.19 2.79 5.63 5.86 6.80
Benchmark 4.03 12.17 2.78 5.66 5.71 ---
Morningstar Moderately Conservative Allocation Category 3.24 10.10 1.76 4.65 4.30 ---

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.

SI = Since Inception. Fund Inception: 07/31/2006

Share Class Inception: 5/28/10.
Class R5-share performance prior to its inception date reflects Class Y-share performance and operating expenses. SI performance is calculated from 7/31/06.

 

 

 

Characteristics

FUND ESSENTIALS
Inception Date 07/31/2006
Net Assets $12.4 billion
Total Operating Expenses 0.65%
Morningstar Category Moderately Conservative Allocation
Lipper Classification Mixed-Asset Target Alloc Moderate Funds
CUSIP 41664M771
Fund Number 1558
FUND STATS
% in Equities
44
% in Bonds
54
Beta (3 year)
0.64
R Squared (3 year)
0.96
Turnover
57%
Dividend Frequency
Quarterly
Equity Holdings Characteristics
Price/Earnings
12.9x
EPS Growth Rate
8.8%
Asset Weighted Market Cap (billions)
$126.2
Median Market Cap (billions)
$51.9
As of Date
5/31/2024
# of Equity Holdings
70
Return on Equity
18.7%
Fixed-Income Holdings Characteristics
Yield to Worst (%)
5.99%
Effective Duration
6.56 yrs
# of Fixed-Income Issuers
608
Market Cap Distribution (%)

Market Cap Header3

Less than $2 billion 0
$2 billion - $5 billion 0
$5 billion - $10 billion 1
Greater than $10 billion 99
Not Classified 0
Fixed-Income Sector Exposure (%)
Investment Grade Credit 76
High Yield Credit 11
United States Government 5
Emerging Market Debt 4
Cash, Cash Equivalents and Cash Offsets 2
Developed Government and Related (Non-US $) 1
Other 1
Bank Loans 0
Asset Backed Securities 0
Commercial Mortgage Backed Securities 0
Mortgage Backed Securities 0
Investment Grade Credit 77
High Yield Credit 11
United States Government 4
Emerging Market Debt 4
Cash, Cash Equivalents and Cash Offsets 1
Other 1
Developed Government and Related (Non-US $) 1
Asset Backed Securities 0
Bank Loans 0
Commercial Mortgage Backed Securities 0
Mortgage Backed Securities 0
Top Ten Equity Holdings (%)
JP Morgan Chase & Co. 1.63
Pfizer, Inc. 1.40
Merck & Co., Inc. 1.38
Johnson & Johnson 1.16
EOG Resources, Inc. 1.00
ConocoPhillips 0.97
Cisco Systems, Inc. 0.92
Philip Morris International, Inc. 0.89
Unilever PLC 0.89
MetLife, Inc. 0.88
Total Portfolio % 11.12
Top Ten Fixed-Income Issuers (%)
U.S. Treasury Notes 1.45
U.S. Treasury Bonds 1.25
Wells Fargo & Co. 1.23
Morgan Stanley 1.03
JP Morgan Chase & Co. 1.01
Bank of America Corp. 0.93
Oracle Corp. 0.80
HSBC Holdings PLC 0.68
Pacific Gas & Electric Co. 0.64
Goldman Sachs Group, Inc. 0.59
Total Portfolio % 9.61
Yields (%) (as of 5/31/24)
Distribution Yield at NAV
3.78
Trailing 12 Month Yield
3.55
30-Day SEC Yield
3.96
Unsubsidized 30-Day SEC Yield
3.96
Equity Sector Exposure (%)
Financials 20
Health Care 16
Industrials 11
Consumer Staples 10
Information Technology 10
Energy 9
Utilities 8
Real Estate 6
Materials 5
Consumer Discretionary 4
Communication Services 1
Financials 19
Health Care 17
Industrials 11
Consumer Staples 11
Energy 10
Information Technology 8
Utilities 8
Real Estate 6
Materials 6
Consumer Discretionary 4
Communication Services 1
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.
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
3/26/2024 14.41 $0.1376 $0.0000 $0.0000 $0.1376
12/27/2023 14.43 $0.1483 $0.0000 $0.0000 $0.1483
12/15/2023 14.41 $0.0000 $0.0000 $0.0000 $0.0000
9/27/2023 13.42 $0.1192 $0.0000 $0.0000 $0.1192
6/28/2023 13.84 $0.1111 $0.0000 $0.0000 $0.1111
Past distributions are not indicative of future distributions.

Fund Literature


03/31/2024 - PDF (161 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
03/31/2024 - PDF (296 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
This flyer illustrates how the Hartford Balanced Income Fund can provide growth of capital the ability to create a tailored income stream.
03/31/2024 - PDF (187 KB)
This flyer highlights the importance of assessing investments based on their performance and volatility relative to the market.
03/31/2024 - PDF (177 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the fund.
03/31/2024 - PDF (289 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (161 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
03/31/2024 - PDF (872 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
PDF (2 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
PDF (2 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
03/31/2024 - PDF (2 MB)
This brochure explains the benefits of using a balanced strategy that combines stocks and bonds in pursuit of upside potential and lower relative volatility.
PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
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's strategy for allocating a portion of its assets to specialist portfolio managers, and among different asset classes, 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. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market. • 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, economic and regulatory developments. • Restricted securities may be more difficult to sell and price than other securities. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, regulatory and counterparty risk.

BLOOMBERG® and any Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the indices (collectively, "Bloomberg") and have been licensed for use for certain purposes by Hartford Funds. Bloomberg is not affiliated with Hartford Funds, and Bloomberg does not approve, endorse, review, or recommend any Hartford Funds product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Hartford Fund products.

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The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

© Copyright 2024 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value