Mutual funds are pools of investors who pool their money together to purchase various securities and thus reduce risk by diversifying your portfolio across segments with different performances.
When the price of underlying securities increases, funds may realize capital gains which they then distribute among shareholders.
Core Equity Fund Class R5 HGITX
Hartford offers the HGITX mutual fund, which invests in a diverse portfolio of stocks and bonds to provide current income and long-term capital growth. The fund boasts low expenses with solid returns over its history; additionally, it has received accolades from various industry groups for its investment style.
This fund offers investors with minimum investments of $25,000 an opportunity to benefit from an average 5-year total return of 11.4% and 15%-10-year returns that exceed those seen by S&P 500 Index returns. The top holdings of this fund are Apple, Microsoft, and Amazon; it boasts a low risk-reward ratio and has been given an A rating by Morningstar.
Mutual funds are one of the most popular ways to invest money. Mutual funds provide access to everyone by offering lower fees than ETFs and are easily purchased and sold. But underperforming mutual funds could lose value quickly; for this reason, you must select an appropriate fund when investing your money.
Advisorkhoj offers an online tool that makes finding the appropriate Hartford mutual funds easier by comparing hundreds of thousands of funds side-by-side. The agency provides detailed information about each fund’s performance and other essential metrics. Furthermore, you can use it to compile a personalized list of recommended funds.
Vanguard Growth & Income Admiral Fund’s diverse portfolio offers investors a solid investment option for consistent returns. Composed of 70% stocks and 30% bonds, it boasts a low expense ratio and yields while boasting good track records of returns with a low risk-reward ratio – making this fund ideal for long-term gains while providing steady returns.
Small Company Fund Class R5 IHSUX
The Hartford Small Company Fund Class R5 HGITX invests its assets in common stocks of small-cap companies with an investment objective of capital appreciation. Its sub-advisor chooses investments using fundamental research techniques to identify companies committed to dividends and shareholders, possess sustainable operating characteristics, and possess high growth potential. With an annualized return of 10.6% over three years and an expense ratio of 17% less than the category average (0.199%), this fund offers excellent performance at an incredible cost ratio (0.64%).
This fund’s high portfolio turnover rate (104%) could result in increased transaction costs and taxes for investors who hold Fund shares in taxable accounts, potentially raising transaction costs as well as potential tax liability for them. Investors should consult a tax professional for more details.
Performance data as of the most recent month end. All returns are net of any applicable sales charges and reflect fee waivers and expense limitation arrangements, which, if in place, would have reduced returns of Class A shares; returns for other classes have not been adjusted and show as though these costs had been present; calculated after-tax returns reflect only federal marginal rates and not state or local taxes.
Mutual funds expose shareholders to risk, including potential principal loss. Investments in foreign securities tend to be riskier, more volatile than U.S. investments and may even be less liquid; debt investments present additional interest rate, credit, and derivative risk considerations.
Distributions from this Fund are subject to ordinary income or capital gains taxes, except where distributed from qualified retirement plans or other tax-deferred arrangements. Hartford Funds Management Company LLC manages it.
The Fund has an overall domestic equity market exposure of 55%, and its foreign equity exposure stands at 40%. Portfolio and market exposures are calculated using holdings derived from its underlying holdings, excluding cash, direct investments in real estate, or limited partnerships; total gross market exposures reflect any recent calculations which may change.
Floating Rate Fund Class R5 HGFRX
The Goldman Sachs Floating Rate Fund is a debt fund that invests in floating or variable rate loans and bonds below investment grade, giving its investors access to higher yield than other fixed-income investments while acting as an effective diversifier of traditional bond funds. Like any mutual fund, however, the Goldman Sachs Floating Rate Fund presents risk as it could lose money should interest rates increase and become volatile.
Floating-rate bonds offer investors an alternative form of fixed-income security by adapting their interest rates to changes in short-term lending rates. When interest rates rise, their prices decrease, making them an appealing option as a hedge against rising rates.
Most floating rate funds offer higher yields than traditional bonds, yet they present certain risks that should be considered. These risks include credit risk, interest rate risk, and derivatives risk. Debt funds with poorer credit quality tend to carry more significant risks as investors require higher returns in exchange for taking on this extra risk.
Investors should first be informed of the strategies and objectives of a fund before investing. Currently, its investment objective is to generate high levels of income with limited volatility and limited correlation to stocks or fixed-income assets; it seeks this goal primarily by investing in domestic or foreign floating-rate bank loans and other non-investment grade obligations (such as convertible securities) below investment grade; foreign investments may introduce additional risks such as currency fluctuations, political/economic instability, and differing legal/accounting standards.
The minimum initial investment requirement for the fund is $1,000, and its performance figures reflect reinvesting of distributions. Depending on each investor’s tax status, total income may be taxable or non-taxable; otherwise, dividends and capital gains, if applicable, will be distributed every month by the Fund.
The fund imposes a maximum sales charge of 3% on class A shares; this fee will be subtracted from the net asset value when calculating returns over less than 12 months.
Global Real Asset Fund Class R5 HGRAX
The Hartford Global Real Asset Fund Class R5 HGRAX seeks long-term total returns over inflation by investing at least 80% of net assets in securities related to tangible assets owned or operated by companies, including infrastructure, natural resources, commodities real estate, and inflation-indexed bonds. The fund may also invest in foreign securities and currencies with less stable performance potential.
Investors interested in the Hartford Global Real Asset Fund can access more information by visiting its website, which contains prospectuses and summary prospectuses as well as financial profiles of each fund in its offering as well as providing details about Hartford Mutual Fund Distributors LLC products available through it.
Many factors can contribute to a fund’s performance, including its investment objectives, operating expenses, and portfolio management style. Therefore, you must compare its performance against similar funds to ascertain if it suits your investment goals and risk tolerance.
Additionally, you should read the fund’s disclosure statement to understand its risks and fees associated with investing. Furthermore, its quote page offers additional fund details, including past distributions and current distribution rates.
Disclosure Statement: Investments in the Fund may involve risk, including loss of principal. Derivative instruments could increase volatility and lower returns. Emerging market exposure poses volatility and liquidity risks, with currency fluctuations compounding losses for real estate investments; also, real estate could become vulnerable to economic, legal, or cultural developments that negatively impact property values, rental income, or operations.
The Fund’s investments are subject to certain market, political, and interest-rate/credit risks. Furthermore, investments in real estate investment trusts (REITs) also carry certain inherent dangers, including those related to market operations, operational concerns, and credit issues.
