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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 3/31/2018)
Average Annual Total Returns % (as of 3/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income  I -2.86 5.88 6.11 6.87 7.66 7.25
Benchmark -2.41 4.71 5.23 6.73 6.99 ---
Morningstar Allocation 30-50% Equity Category -1.21 5.18 3.60 3.98 4.44 ---
Performance (%)
% (as of 3/31/2018)
Average Annual Total Returns % (as of 3/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Balanced Income  I -2.86 5.88 6.11 6.87 7.66 7.25
Benchmark -2.41 4.71 5.23 6.73 6.99 ---
Morningstar Allocation 30-50% Equity Category -1.21 5.18 3.60 3.98 4.44 ---
SI = Since Inception. Fund Inception: 07/31/2006
Operating Expenses:   Net  0.69% |  Gross  0.69%

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

(as of 3/31/2018)
[{"date":"2018/03/31","value":"20508"},{"date":"2018/02/28","value":"20664"},{"date":"2018/01/31","value":"21343"},{"date":"2017/12/31","value":"21126"},{"date":"2017/11/30","value":"20889"},{"date":"2017/10/31","value":"20652"},{"date":"2017/09/30","value":"20443"},{"date":"2017/08/31","value":"20129"},{"date":"2017/07/31","value":"20087"},{"date":"2017/06/30","value":"19865"},{"date":"2017/05/31","value":"19772"},{"date":"2017/04/30","value":"19565"},{"date":"2017/03/31","value":"19413"},{"date":"2017/02/28","value":"19441"},{"date":"2017/01/31","value":"19003"},{"date":"2016/12/31","value":"18948"},{"date":"2016/11/30","value":"18620"},{"date":"2016/10/31","value":"18579"},{"date":"2016/09/30","value":"18781"},{"date":"2016/08/31","value":"18820"},{"date":"2016/07/31","value":"18713"},{"date":"2016/06/30","value":"18378"},{"date":"2016/05/31","value":"18025"},{"date":"2016/04/30","value":"17919"},{"date":"2016/03/31","value":"17639"},{"date":"2016/02/29","value":"16821"},{"date":"2016/01/31","value":"16795"},{"date":"2015/12/31","value":"17046"},{"date":"2015/11/30","value":"17291"},{"date":"2015/10/31","value":"17317"},{"date":"2015/09/30","value":"16568"},{"date":"2015/08/31","value":"16690"},{"date":"2015/07/31","value":"17190"},{"date":"2015/06/30","value":"17036"},{"date":"2015/05/31","value":"17436"},{"date":"2015/04/30","value":"17436"},{"date":"2015/03/31","value":"17295"},{"date":"2015/02/28","value":"17352"},{"date":"2015/01/31","value":"17022"},{"date":"2014/12/31","value":"17123"},{"date":"2014/11/30","value":"17201"},{"date":"2014/10/31","value":"17015"},{"date":"2014/09/30","value":"16792"},{"date":"2014/08/31","value":"17063"},{"date":"2014/07/31","value":"16706"},{"date":"2014/06/30","value":"16940"},{"date":"2014/05/31","value":"16761"},{"date":"2014/04/30","value":"16528"},{"date":"2014/03/31","value":"16332"},{"date":"2014/02/28","value":"16139"},{"date":"2014/01/31","value":"15712"},{"date":"2013/12/31","value":"15907"},{"date":"2013/11/30","value":"15715"},{"date":"2013/10/31","value":"15584"},{"date":"2013/09/30","value":"15178"},{"date":"2013/08/31","value":"14903"},{"date":"2013/07/31","value":"15236"},{"date":"2013/06/30","value":"14856"},{"date":"2013/05/31","value":"15143"},{"date":"2013/04/30","value":"15237"},{"date":"2013/03/31","value":"14895"},{"date":"2013/02/28","value":"14672"},{"date":"2013/01/31","value":"14507"},{"date":"2012/12/31","value":"14226"},{"date":"2012/11/30","value":"14141"},{"date":"2012/10/31","value":"14093"},{"date":"2012/09/30","value":"14024"},{"date":"2012/08/31","value":"13827"},{"date":"2012/07/31","value":"13724"},{"date":"2012/06/30","value":"13358"},{"date":"2012/05/31","value":"12982"},{"date":"2012/04/30","value":"13357"},{"date":"2012/03/31","value":"13266"},{"date":"2012/02/29","value":"13163"},{"date":"2012/01/31","value":"12892"},{"date":"2011/12/31","value":"12610"},{"date":"2011/11/30","value":"12267"},{"date":"2011/10/31","value":"12357"},{"date":"2011/09/30","value":"11706"},{"date":"2011/08/31","value":"12063"},{"date":"2011/07/31","value":"12218"},{"date":"2011/06/30","value":"12296"},{"date":"2011/05/31","value":"12446"},{"date":"2011/04/30","value":"12380"},{"date":"2011/03/31","value":"12049"},{"date":"2011/02/28","value":"12017"},{"date":"2011/01/31","value":"11732"},{"date":"2010/12/31","value":"11601"},{"date":"2010/11/30","value":"11323"},{"date":"2010/10/31","value":"11464"},{"date":"2010/09/30","value":"11301"},{"date":"2010/08/31","value":"10889"},{"date":"2010/07/31","value":"10878"},{"date":"2010/06/30","value":"10392"},{"date":"2010/05/31","value":"10400"},{"date":"2010/04/30","value":"10850"},{"date":"2010/03/31","value":"10689"},{"date":"2010/02/28","value":"10414"},{"date":"2010/01/31","value":"10276"},{"date":"2009/12/31","value":"10339"},{"date":"2009/11/30","value":"10258"},{"date":"2009/10/31","value":"9922"},{"date":"2009/09/30","value":"9890"},{"date":"2009/08/31","value":"9656"},{"date":"2009/07/31","value":"9416"},{"date":"2009/06/30","value":"8812"},{"date":"2009/05/31","value":"8679"},{"date":"2009/04/30","value":"8215"},{"date":"2009/03/31","value":"7823"},{"date":"2009/02/28","value":"7588"},{"date":"2009/01/31","value":"8058"},{"date":"2008/12/31","value":"8446"},{"date":"2008/11/30","value":"8128"},{"date":"2008/10/31","value":"8248"},{"date":"2008/09/30","value":"9131"},{"date":"2008/08/31","value":"9723"},{"date":"2008/07/31","value":"9674"},{"date":"2008/06/30","value":"9703"},{"date":"2008/05/31","value":"10186"},{"date":"2008/04/30","value":"10236"},{"date":"2008/03/31","value":"10000"}]

 
Growth of $10,000

Reflects Class A, excluding sales charges. If sales charges and taxes had been included, the value would have been lower. Results for other classes will vary.

   

Morningstar Analyst Rating

silver

Morningstar awarded the Fund a Silver analyst rating on 11/8/171

View Morningstar Analyst Report

I-Share Morningstar Rating
(as of 3/31/2018)
  • Overall
    infoIcon:
  • Overall Morningstar Rating for Balanced Income Fund, Class I, as of 3/31/2018 out of 423 products in the Allocation 30-50% Equity Category Based on Risk-Adjusted Returns
Calendar Year Returns (%)
Fund Benchmark
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
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 3/31/2018
Net Assets $12.2 billion
Beta 0.49
R Squared 0.78
Turnover (3/31/2018) 43%
% in Stocks 45%
% in Bonds 53%
% in Foreign 20%
Cash and Cash Equivalents 3%
Dividend Frequency Quarterly

Top Ten Equity Holdings (%)

(as of 3/31/2018)
label percentageholding
JP Morgan Chase & Co. 2.30
Cisco Systems, Inc. 1.41
Johnson & Johnson 1.41
Philip Morris International, Inc. 1.40
Pfizer, Inc. 1.35
Verizon Communications, Inc. 1.19
Wells Fargo & Co. 1.19
Intel Corp. 1.08
Suncor Energy, Inc. 1.08
Chevron Corp. 1.05
Total Portfolio % 13.46
(as of 12/31/2017)
label percentageholding
JP Morgan Chase & Co. 2.18
Cisco Systems, Inc. 1.64
Johnson & Johnson 1.47
Philip Morris International, Inc. 1.45
Pfizer, Inc. 1.34
Wells Fargo & Co. 1.34
Intel Corp. 1.25
Chevron Corp. 1.18
Verizon Communications, Inc. 1.13
Suncor Energy, Inc. 1.09
Total Portfolio % 14.07
Equity Holdings Characteristics
(as of 3/31/2018)
Fund
# of Holdings 75
% in Foreign 16%
Asset Weighted Market Cap $131.2 billion
EPS Growth Rate 10.9%
Median Market Cap $75.9 billion
Price/Earnings 13.9x
Return on Equity 19.2%

Equity Sector Exposure (%)

(as of 3/31/2018)
label currentpercentage
Energy 14.1
Consumer Staples 11.0
Utilities 8.5
Health Care 16.3
Materials 4.8
Information Technology 10.1
Telecommunication Services 3.6
Industrials 7.6
Consumer Discretionary 3.6
Real Estate 1.2
Financials 19.3
(as of 12/31/2017)
label currentpercentage
Energy 14.9
Consumer Staples 10.7
Utilities 7.4
Health Care 14.3
Materials 5.2
Information Technology 11.7
Telecommunication Services 3.7
Industrials 7.9
Consumer Discretionary 4.0
Real Estate 1.0
Financials 19.3

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 3/31/2018)
label percentageholding
Goldman Sachs Group, Inc. 1.39
Bank of America Corp. 1.36
Citigroup, Inc. 1.23
Morgan Stanley 1.22
JP Morgan Chase & Co. 1.10
AT&T, Inc. 1.00
Wells Fargo & Co. 0.92
Verizon Communications, Inc. 0.84
CVS Health Corp. 0.70
Constellation Brands, Inc. 0.62
Total Portfolio % 10.38
(as of 12/31/2017)
label percentageholding
Bank of America Corp. 1.31
Goldman Sachs Group, Inc. 1.31
Citigroup, Inc. 1.24
JP Morgan Chase & Co. 1.20
Morgan Stanley 1.19
AT&T, Inc. 1.09
Wells Fargo & Co. 1.05
Verizon Communications, Inc. 0.78
HSBC Holdings plc 0.60
Turkey Government International Bond 0.54
Total Portfolio % 10.31

Fixed-Income Holdings Characteristics

(as of 3/31/2018)
label fundvalue
# of Issuers 606
% Foreign 24%
% Non-Investment Grade 16.08%
Effective Duration 6.88 yrs.

Fixed-Income Sector Exposure (%)

(as of 3/31/2018)
label currentpercentage
Emerging Market Debt 11.0
Other 2.2
Commercial Mortgages 0.7
US Mortgage-Backed 0.6
High Yield 9.3
US Government & Agencies 0.4
Asset-Backed 0.3
Investment Grade Credit 0.0
Non-Investment Grade 0.0
Non-US$ Investment Grade 0.0
US Asset-Backed 0.0
Corporate 75.7
(as of 12/31/2017)
label currentpercentage
Emerging Market Debt 9.3
Other 3.9
Commercial Mortgages 0.6
US Mortgage-Backed 0.6
High Yield 8.7
US Government & Agencies 0.7
Asset-Backed 0.1
Investment Grade Credit 0.0
Non-Investment Grade 0.0
Non-US$ Investment Grade 0.0
US Asset-Backed 0.0
Corporate 76.1
Market Cap Distribution %
(as of 03/31/2018)
Less than $2 billion 0.0
$2 billion - $5 billion 0.0
$5 billion - $10 billion 0.0
Greater than $10 billion 100.0
Yields
As of Date 3/31/2018
Distribution Yield at NAV 2.85%
Trailing 12 Month Yield 2.76%
30 Day SEC Yield 2.99%
Unsubsidized 30-Day SEC Yield 2.99%
Fund Essentials
Inception Date 07/31/2006
Symbol HBLIX
CUSIP 41664M821
Fund Number 1682

Insights

pdf

The 5-Minute Forecast 

Wed Apr 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.
pdf

Shelter From the Storm 

Mon Feb 12 12:42:00 EST 2018
A fixed-income forecast for a rising-rate world
pdf

Hartford Balanced Income Fund Outlook & Commentary 

Sun Dec 31 14:02:00 EST 2017
Vice President and Manager, Tim Hurley provides a review of the Fund's 4Q17 performance and outlook.

Literature

Fund Literature

Select All

Fact Sheet

03/31/2018 | pdf
Get FINRA Letter

Max 100

Commentary

03/31/2018 | pdf
Get FINRA Letter

Max 100

Expanded Commentary

12/31/2017 | pdf

Max 100

Fund Brochure

12/31/2017 | pdf
Get FINRA Letter

Max 100

Summary Prospectus

03/01/2018 | pdf

Available For
Download Only

Pitchbook

03/31/2018 | pdf

Available For
Download Only

Semi Annual Report

04/30/2017 | pdf

Available For
Download Only

Statutory Prospectus

03/01/2018 | pdf

Available For
Download Only

Annual Report

10/31/2017 | pdf

Available For
Download Only

Available For
Download Only

Fund Story

03/31/2018 | pdf
Get FINRA Letter

Max 100

Balanced Income DC Flyer

03/31/2018 | pdf

Available For
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Balanced Income Fund Flyer

03/31/2018 | pdf

Max 100

Balanced Income ML DC Flyer

03/13/2018 | pdf

Available For
Download Only

SAI

03/01/2017 | pdf

Available For
Download Only

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A WORD ABOUT RISK

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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