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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
overall
(as of 10/31/2024)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 3 stars, and 10-Year, 5 stars, rated against 434, 434, 398 and 293 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.
©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.
434 PRODUCTS
|
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 10/31/2024)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 3 stars, and 10-Year, 5 stars, rated against 434, 434, 398 and 293 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.
©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.
434 PRODUCTS
|
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 10/31/2024)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 3 stars, and 10-Year, 5 stars, rated against 434, 434, 398 and 293 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.
©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.
398 PRODUCTS
|
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 10/31/2024)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 3 stars, and 10-Year, 5 stars, rated against 434, 434, 398 and 293 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.
©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.
293 PRODUCTS
|
Moderately Conservative Allocation Category
Based on Risk-Adjusted Returns
Portfolio Management
18
YRS
MANAGING THIS FUND
21
YRS
AT WELLINGTON MANAGEMENT
30
YRS
EXPERIENCE IN THIS INDUSTRY
5
YRS
MANAGING THIS FUND
20
YRS
AT WELLINGTON MANAGEMENT
27
YRS
EXPERIENCE IN THIS INDUSTRY
5
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 %
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 STATS
| % in Equities | 43 |
|---|---|
| % in Bonds | 53 |
| Beta (3 year) | 0.65 |
| R Squared (3 year) | 0.96 |
| Turnover | 57% |
| Dividend Frequency | Quarterly |
Equity Holdings Characteristics
| Price/Earnings | 14.2x |
|---|---|
| EPS Growth Rate | 6.6% |
| Asset Weighted Market Cap (billions) | $148.4 |
| Median Market Cap (billions) | $57.2 |
| As of Date | 11/30/2024 |
| # of Equity Holdings | 74 |
| Return on Equity | 19.1% |
Fixed-Income Holdings Characteristics
| Yield to Worst (%) | 5.47% |
|---|---|
| Effective Duration | 6.59 yrs |
| # of Fixed-Income Issuers | 599 |
Market Cap Distribution (%)
| 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 (%)
Top Ten Equity Holdings (%)
| JP Morgan Chase & Co. | 1.78 |
| UnitedHealth Group, Inc. | 1.37 |
| ConocoPhillips | 1.32 |
| Johnson & Johnson | 1.21 |
| Pfizer, Inc. | 1.05 |
| Gilead Sciences, Inc. | 1.05 |
| Cisco Systems, Inc. | 1.04 |
| Merck & Co., Inc. | 0.89 |
| American International Group, Inc. | 0.83 |
| Bank of America Corp. | 0.80 |
| Total Portfolio % | 11.34 |
Top Ten Fixed-Income Issuers (%)
| U.S. Treasury Notes | 1.69 |
| U.S. Treasury Bonds | 1.19 |
| Wells Fargo & Co. | 1.03 |
| JP Morgan Chase & Co. | 0.96 |
| Bank of America Corp. | 0.93 |
| Goldman Sachs Group, Inc. | 0.91 |
| Morgan Stanley | 0.82 |
| Oracle Corp. | 0.79 |
| Pacific Gas & Electric Co. | 0.67 |
| HSBC Holdings PLC | 0.64 |
| Total Portfolio % | 9.63 |
Yields (%)
(as of 11/30/24)
| Distribution Yield at NAV | 3.38 |
| Trailing 12 Month Yield | 3.51 |
| 30-Day SEC Yield | 3.50 |
|
Unsubsidized 30-Day SEC Yield
|
3.50 |
Equity Sector Exposure (%)
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 |
|---|---|---|---|---|---|
| 9/26/2024 | 15.29 | $0.1305 | $0.0000 | $0.0000 | $0.1305 |
| 6/26/2024 | 14.42 | $0.1262 | $0.0000 | $0.0000 | $0.1262 |
| 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 |
Past distributions are not indicative of future distributions.
Insights
Fund Literature
09/30/2024 - PDF (193 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2024 - PDF (574 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
09/30/2024 - PDF (213 KB)
This flyer illustrates how the Hartford Balanced Income Fund can provide growth of capital the ability to create a tailored income stream.
09/30/2024 - PDF (189 KB)
This flyer highlights the importance of assessing investments based on their performance and volatility relative to the market.
09/30/2024 - PDF (193 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the fund.
09/30/2024 - PDF (336 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.
09/30/2024 - PDF (865 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
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.
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.
09/30/2024 - PDF (742 KB)
This brochure explains the benefits of using a balanced strategy that combines stocks and bonds in pursuit of upside potential and lower relative volatility.
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 Funds products.
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