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.
Hartford Balanced Income R5 HBLTX
NAV / 1-Day Return
16.06
/
0.43
%
Total Assets
15.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.660%
Expense Ratio
0.660%
Fee Level
Above Average
Longest Manager Tenure
15.47
years
Category
Allocation--30% to 50% Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Low / ExtensiveStatus
Open
TTM Yield
2.22%
Turnover
44%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will HBLTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HBLTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HBLTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of HBLTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A retirement doesn't alter our views.
