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Multi-Strategy fund

Hartford Balanced Income Fund    Share Class - I (HBLIX)


MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 479, 479, 427 and 274 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.
©2021 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 8/31/2021)
479 PRODUCTS
Allocation--30% to 50% Equity Category
Based on Risk-Adjusted Returns

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.


Invests in a Mix of Stocks and Bonds

The Fund targets a balanced allocation of 55% bonds and 45% stocks, with fluctuations of no more than +/-5%. The bonds can provide income and help reduce volatility, while the stocks can provide growth potential.

Believe in the Power of Dividends

The Fund invests in stocks of companies with a history of above-average dividends and/or companies that are expected to increase their dividends—because those stocks have historically outperformed non-dividend paying stocks while experiencing less volatility.

Quality Bonds Help Reduce Volatility

Investment-grade corporate bonds have historically been a complement to risk assets like stocks and high yield bonds. They are complemented by a strategic allocation to high yield and emerging market debt.

Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
15
YRS
MANAGING THIS FUND
18
YRS
AT WELLINGTON MANAGEMENT
27
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Equity Portfolio Manager
13
YRS
MANAGING THIS FUND
27
YRS
AT WELLINGTON MANAGEMENT
37
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Equity Portfolio Manager
2
YRS
MANAGING THIS FUND
16
YRS
AT WELLINGTON MANAGEMENT
24
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director
Equity Research Analyst
2
YRS
MANAGING THIS FUND
17
YRS
AT WELLINGTON MANAGEMENT
24
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 8/31/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income I 9.04 15.70 10.12 8.49 9.04 7.80
Benchmark 8.96 17.41 9.71 8.13 8.88 ---
Morningstar Allocation--30% to 50% Equity Category 7.64 14.23 8.46 7.33 6.75 ---
 
CUMULATIVE %
(as of 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income I 6.51 17.74 10.37 8.50 8.58 7.73
Benchmark 6.94 21.02 10.13 8.32 8.33 ---
Morningstar Allocation--30% to 50% Equity Category 5.91 18.59 8.56 7.44 6.20 ---

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: 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.

 

 

Hartford Balanced Income Fund I Share Morningstar Ratings
Morningstar awarded the Fund a
Bronze analyst rating on 10/28/2020
overall
(as of 8/31/2021)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 479, 479, 427 and 274 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.
©2021 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.

479 PRODUCTS
|
Allocation--30% to 50% Equity Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 8/31/2021)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 479, 479, 427 and 274 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.
©2021 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.

479 PRODUCTS
|
Allocation--30% to 50% Equity Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 8/31/2021)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 479, 479, 427 and 274 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.
©2021 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.

427 PRODUCTS
|
Allocation--30% to 50% Equity Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 8/31/2021)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 479, 479, 427 and 274 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.
©2021 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.

274 PRODUCTS
|
Allocation--30% to 50% Equity Category
Based on Risk-Adjusted Returns

 

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

Characteristics

FUND ESSENTIALS
Inception Date 07/31/2006
Net Assets $15.9 billion
Total Operating Expenses 0.63%
Morningstar Category Allocation--30% to 50% Equity
Lipper Classification Mixed-Asset Target Alloc Moderate Funds
CUSIP 41664M821
Fund Number 1682
FUND STATS
As of Date
8/31/2021
Net Assets
$15.9 billion
% in Equities
46
% in Bonds
49
% in Cash and Cash Equivalents
5
Beta (3 year)
0.47
R Squared (3 year)
0.97
Turnover- (6/30/2021)
43%
Dividend Frequency
Quarterly
Equity Holdings Characteristics
Price/Earnings
15.7x
EPS Growth Rate
9.7%
Asset Weighted Market Cap (billions)
$163.7
Median Market Cap (billions)
$86.9
As of Date
8/31/2021
# of Equity Holdings
63
Return on Equity
31.0%
Fixed-Income Holdings Characteristics
Effective Duration
8.19 yrs
% in Foreign
21
# of Fixed-Income Issuers
629
Market Cap Distribution (%)

Market Cap Header3

Less than $2 billion 0
$2 billion - $5 billion 0
$5 billion - $10 billion 0
Greater than $10 billion 100
Not Classified 0
Fixed-Income Sector Exposure (%)
Investment Grade Credit 78
High Yield Credit 12
Emerging Market Debt 4
Cash, Cash Equivalents and Cash Offsets 2
United States Government 1
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 81
High Yield Credit 12
Emerging Market Debt 5
Developed Government and Related (Non-US $) 1
Other 1
United States Government 1
Bank Loans 0
Asset Backed Securities 0
Commercial Mortgage Backed Securities 0
Mortgage Backed Securities 0
Cash, Cash Equivalents and Cash Offsets 0
Top Ten Equity Holdings (%)
Cisco Systems, Inc. 1.65
Bank of America Corp. 1.61
JP Morgan Chase & Co. 1.59
Johnson & Johnson 1.58
Comcast Corp. 1.51
Medtronic plc 1.45
Home Depot, Inc. 1.41
Morgan Stanley 1.32
Philip Morris International, Inc. 1.31
Eaton Corp. plc 1.26
Total Portfolio % 14.69
Bank of America Corp. 1.99
Johnson & Johnson 1.55
Cisco Systems, Inc. 1.52
Crown Castle International Corp. 1.47
Comcast Corp. 1.46
JP Morgan Chase & Co. 1.44
Home Depot, Inc. 1.42
Medtronic plc 1.39
Philip Morris International, Inc. 1.29
MetLife, Inc. 1.20
Total Portfolio % 14.73
Top Ten Fixed-Income Issuers (%)
Bank of America Corp. 1.20
JP Morgan Chase & Co. 1.20
Goldman Sachs Group, Inc. 1.05
Morgan Stanley 1.02
AT&T, Inc. 0.91
Oracle Corp. 0.83
Citigroup, Inc. 0.77
Apple, Inc. 0.66
HSBC Holdings plc 0.64
U.S. Treasury Notes 0.58
Total Portfolio % 8.86
Bank of America Corp. 1.33
Goldman Sachs Group, Inc. 1.18
JP Morgan Chase & Co. 1.12
AT&T, Inc. 0.99
Citigroup, Inc. 0.96
Morgan Stanley 0.96
Oracle Corp. 0.81
HSBC Holdings plc 0.66
Apple, Inc. 0.57
Wells Fargo & Co. 0.53
Total Portfolio % 9.11
Yields (%) (as of 8/31/21)
Distribution Yield at NAV
1.98
Trailing 12 Month Yield
2.17
30-Day SEC Yield
1.80
Unsubsidized 30-Day SEC Yield
1.80
Equity Sector Exposure (%)
Financials 23
Health Care 16
Industrials 15
Consumer Staples 13
Utilities 8
Information Technology 7
Energy 5
Consumer Discretionary 5
Communication Services 4
Real Estate 3
Materials 2
Financials 22
Health Care 16
Industrials 14
Consumer Staples 13
Utilities 8
Information Technology 7
Energy 5
Communication Services 4
Consumer Discretionary 4
Real Estate 4
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.
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
6/29/2021 16.39 $0.0834 $0.0000 $0.0000 $0.0834
3/30/2021 15.85 $0.0980 $0.0000 $0.0000 $0.0980
12/30/2020 15.48 $0.0969 $0.0000 $0.0000 $0.0969
12/18/2020 15.60 $0.0000 $0.0238 $0.0476 $0.0714
9/29/2020 14.68 $0.0868 $0.0000 $0.0000 $0.0868
Past distributions are not indicative of future distributions.

Fund Literature


07/22/2021 - PDF (233 KB)
This client flyer summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2021 - PDF (650 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
06/30/2021 - PDF (639 KB)
This flyer highlights the importance of assessing investments based on their performance and volatility relative to the market.
06/30/2021 - PDF (670 KB)
This flyer highlights the importance of assessing investments based on their performance and volatility relative to the market.
06/30/2021 - PDF (805 KB)
This flyer highlights the importance of assessing investments based on performance and volatility relative to the market.
06/30/2021 - PDF (242 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the fund.
08/02/2021 - PDF (623 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
06/30/2021 - PDF (7 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 (141 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2021 - PDF (884 KB)
This Pitchbook reviews the Funds' 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.
Morningstar analyst's take on the Hartford Balanced Income Fund, which was awarded a Silver Analyst Rating.
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 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. • 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.

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, ETF or closed-end interval fund prospectus or summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds and the closed-end interval fund are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA/SIPC. Exchange-traded products 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. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, 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 2021 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value