Hartford Dividend and Growth A (IHGIX) a Zacks Rank #2 (Buy) seeks a high level of current income consistent with growth of capital by investing primarily in stocks. The fund invests at least 65% of its assets in dividend-paying equity securities. The fund may invest up to 20% of its assets in securities of foreign issuers and non-dollar securities.
This Large Blend fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth and Intermediate Bond. Further, as of the last filing, WELLS FARGO & CO, MICROSOFT CORP and MERCK & CO were the top holdings for IHGIX.
The Hartford Dividend and Growth A fund, managed by Hartford, carries an expense ratio of 1.02%. Moreover, IHGIX requires a minimal initial investment of $2,000.
IHGIX 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 0.07%, 3 year 9.14% and 5 year 9.43%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
IHGIX’s performance, as of the last filing, when compared to funds in its category was in the top 31% in 1 year, top 34% over the past 3 years, and in the 47% over the past 5 years.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
View All Zacks #1 Ranked Mutual Funds
Get Your Free (IHGIX): Fund Analysis Report
Original post
Zacks Investment Research