Hartford Balanced Income’s managers maintain a disciplined, time-tested process. Lead equity manager Michael Reckmeyer will retire in June 2022 and Matthew Hand, who has been on the team for 17 years, will take over. We have confidence in this carefully planned transition and are maintaining our ratings. Its cheapest share classes earn a Morningstar Analyst Rating of Silver, while its more expensive share classes are rated Bronze or Neutral.
Morningstar’s Fund Analysis HBLSX
Will HBLSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HBLSX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HBLSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of HBLSX’s parent organization’s priorities and whether they’re in line with investors’ interests.