Hartford Balanced Income A (HBLAX) a Zacks Rank #1 (Strong Buy) seeks current income and long-term growth of capital consistent with reasonable risk. HBLAX seeks to achieve its investment objective by investing approximately 60% of its assets in stocks and other equity securities and approximately 40% in bonds and other debt securities rated at least Baa by Moody's or BBB by S&P or of comparable quality.
This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Intermediate Bond, Large Value and Foreign Bond. Further, as of the last filing, MICROSOFT CORP, WELLS FARGO & CO and JPMORGAN CHASE & CO were the top holdings for HBLAX.
The Hartford Balanced Income A fund, managed by Hartford, carries an expense ratio of 0.95%. Moreover, HBLAX requires a minimal initial investment of $2,000.
HBLAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.38%, 3 year 5.96% and 5 year 7.41%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
HBLAX’s performance, as of the last filing, when compared to funds in its category was in the top 1% in 1 year, top 17% over the past 3 years, and in the 5% over the past 5 years.
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Zacks Investment Research