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HBLAX Hartford Balanced Income A

  • Fund
  • HBLAX
  • Price as of: Aug 16, 2019
  • $14.45 + $0.08 + 0.56%
  • Category
  • Diversified Portfolio

HBLAX - Profile

Vitals

  • YTD Return 11.3%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $12.4 B
  • Holdings in Top 10 18.8%

52 WEEK LOW AND HIGH

$14.45
$12.79
$14.56

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 48.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$2,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 11.3%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.64%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name The Hartford Balanced Income Fund
  • Fund Family Name Hartford Mutual Funds
  • Inception Date Jul 31, 2006
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Scott I. St. John

HBLAX - Performance

Return Ranking - Trailing

Period HBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% -52.8% 25.5% 22.55%
1 Yr 0.5% -63.1% 12.7% 21.32%
3 Yr 0.9%* -27.4% 12.9% 42.35%
5 Yr 1.1%* -24.0% 8.4% 17.98%
10 Yr 4.7%* -14.6% 9.4% 16.93%

* Annualized


Return Ranking - Calendar

Period HBLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.2% -34.6% 1.6% 54.99%
2017 5.7% -12.4% 33.2% 58.75%
2016 7.2% -65.8% 23.3% 11.15%
2015 -4.5% -64.9% 4.8% 26.81%
2014 3.4% -29.5% 68.3% 15.65%

Total Return Ranking - Trailing

Period HBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% -52.8% 25.5% 22.67%
1 Yr 5.4% -60.9% 12.7% 5.94%
3 Yr 5.7%* -22.8% 13.0% 20.26%
5 Yr 5.2%* -21.3% 47.3% 10.43%
10 Yr 8.7%* -12.3% 12.5% 11.56%

* Annualized


Total Return Ranking - Calendar

Period HBLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.7% -32.7% 1.6% 32.90%
2017 11.5% -8.4% 33.2% 43.85%
2016 11.2% -65.2% 23.3% 7.50%
2015 -2.1% -62.9% 9.2% 42.73%
2014 7.6% -28.5% 76.9% 15.85%

NAV & Total Return History

HBLAX - Holdings

Concentration Analysis

HBLAX Category Low Category High HBLAX % Rank
Net Assets 12.4 B 604 K 147 B 5.30%
Number of Holdings 1448 2 13482 10.99%
Net Assets in Top 10 1.34 B -120 M 26.4 B 20.88%
Weighting of Top 10 18.81% 5.5% 3196.0% 85.52%

Top 10 Holdings

  1. Us 10yr Note (Cbt)sep19 Xcbt 20190919 4.01%

  2. Us 2yr Note (Cbt) Sep19 Xcbt 20190930 2.37%

  3. JPMorgan Chase & Co 2.13%

  4. Us 5yr Note (Cbt) Sep19 Xcbt 20190930 1.86%

  5. Pfizer Inc 1.63%

  6. Cisco Systems Inc 1.61%

  7. Verizon Communications Inc 1.47%

  8. Bank of America Corporation 1.38%

  9. Chevron Corp 1.23%

  10. Lockheed Martin Corp 1.12%


Asset Allocation

Weighting Return Low Return High HBLAX % Rank
Bonds
52.47% 0.00% 261.66% 28.55%
Stocks
43.39% -21.52% 135.47% 61.43%
Cash
3.20% -283.85% 353.31% 63.28%
Convertible Bonds
0.92% 0.00% 26.85% 21.65%
Preferred Stocks
0.01% 0.00% 65.70% 66.65%
Other
0.00% -253.31% 53.08% 84.94%

Stock Sector Breakdown

Weighting Return Low Return High HBLAX % Rank
Financial Services
8.65% -0.41% 47.66% 45.27%
Healthcare
7.19% -1.99% 45.45% 37.42%
Consumer Defense
4.75% -4.62% 17.45% 30.48%
Energy
4.71% -2.23% 28.27% 16.02%
Technology
4.04% -3.22% 31.95% 78.34%
Utilities
3.78% -0.16% 23.50% 8.75%
Industrials
3.55% -0.36% 27.15% 72.24%
Communication Services
2.89% -0.92% 6.89% 10.44%
Consumer Cyclical
1.39% -9.59% 42.25% 89.43%
Real Estate
0.95% -3.22% 75.65% 76.52%
Basic Materials
0.85% -1.56% 22.61% 79.57%

Stock Geographic Breakdown

Weighting Return Low Return High HBLAX % Rank
US
36.47% -23.38% 134.61% 49.26%
Non US
6.92% -76.83% 74.42% 66.52%

Bond Sector Breakdown

Weighting Return Low Return High HBLAX % Rank
Corporate
46.47% 0.00% 86.09% 4.72%
Government
6.80% -57.27% 316.66% 68.78%
Cash & Equivalents
3.20% -277.47% 353.31% 57.34%
Municipal
0.03% 0.00% 99.83% 51.33%
Derivative
0.02% -234.33% 46.84% 18.36%
Securitized
0.00% -31.43% 45.07% 93.41%

Bond Geographic Breakdown

Weighting Return Low Return High HBLAX % Rank
US
42.29% -215.69% 201.54% 30.06%
Non US
10.18% -64.26% 220.06% 22.82%

HBLAX - Expenses

Operational Fees

HBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.00% 11.64% 53.07%
Management Fee 0.53% 0.00% 2.50% 59.17%
12b-1 Fee 0.25% 0.00% 1.00% 42.56%
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

HBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.14% 5.75% 57.10%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

HBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 0.00% 6067.00% 56.04%

HBLAX - Distributions

Dividend Yield Analysis

HBLAX Category Low Category High HBLAX % Rank
Dividend Yield 1.42% 0.00% 1.02% 37.60%

Dividend Distribution Analysis

HBLAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

HBLAX Category Low Category High HBLAX % Rank
Net Income Ratio 2.64% -4.09% 6.99% 16.22%

Capital Gain Distribution Analysis

HBLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

HBLAX - Managers

Scott I. St. John

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2006

13.01

13.0%

As a US corporate bond portfolio manager and chair of the US Corporate Bond Strategy Group, Scott manages dedicated US corporate bond portfolios. The US Corporate Bond Strategy Group meets regularly to discuss the outlook and investment strategy for the US dollar-denominated investment-grade corporate bond market. It acts as a forum for the review and evaluation of market cycle, sector, industry, and credit quality strategies, as well as individual issuer ideas. It is also responsible for setting the research agenda for the investment-grade corporate credit team. The strategies developed by the group help shape portfolio positioning for dedicated US Corporate Bond Portfolios, as well as the corporate bond holdings in US Core Bond Plus, Core Bond, Long, and Intermediate Bond portfolios. Prior to joining Wellington Management in 2003, Scott worked as a fixed income analyst at State Street Research (2001 – 2003). Before that, he was a fixed income analyst at Eaton Vance Management (1995 – 2001) and a commercial loan officer for the Bank of Boston (1994 – 1995). Scott earned his MBA from the University of Rochester (1994) and his BS in business management from Cornell University (1990). Scott also holds the Chartered Financial Analyst designation and is a member of the CFA Institute.


W. Michael Reckmeyer

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2007

11.84

11.8%

W. Michael Reckmeyer, III, CFA, is Senior Managing Director , Partner, and Equity Portfolio Manager. Reckmeyer joined Wellington Management as an investment professional in 1994. As a member of the Value Team, Mike manages portfolios that have an emphasis on dividend income. Mike's mandate is to focus his research effort on large-capitalization, value-oriented stocks. While his research may include any industry, his primary area of coverage is insurance. Mike began his investment career in 1984 when he worked as an analyst following electrical equipment, aerospace, and pollution control companies (1984 —1986). This experience was followed by eight years at Kemper Financial Services where his research focus included paper and forest products, environmental services, and cable and cellular companies (1986 —1994). He received both his MBA (1984) and his BS in mechanical engineering (1981) from the University of Wisconsin. Mike holds the Chartered Financial Analyst designation and is a member of the Philadelphia Financial Analyst Society.


Ian R. Link

Manager

Start Date

Tenure

Tenure Rank

Oct 31, 2007

11.76

11.8%

Ian R. Link, CFA, Senior Managing Director and Equity Portfolio Manager of Wellington Management, is involved in portfolio management and securities analysis. Prior to joining the Wellington Management in 2006, Ian worked for Deutsche Asset Management from 2004 to 2006. Prior to that, he was an equity analyst and portfolio manager with Franklin Templeton from 1989 to 2003. Ian received his MBA from the University of California, Berkeley (1997) and his BA in economics from the University of California, Davis (1989). He is also a CFA charterholder.


Adam H. Illfelder

Manager

Start Date

Tenure

Tenure Rank

Aug 08, 2019

0.0

0.0%

Adam H. Illfelder, CFA, Managing Director and Equity Research Analyst of Wellington Management, has been involved in portfolio management for the equity portion of the Fund since 2017 and has been involved in securities analysis for the Fund since 2008. Mr. Illfelder joined Wellington Management as an investment professional in 2005.


Matthew Hand

Manager

Start Date

Tenure

Tenure Rank

Aug 08, 2019

0.0

0.0%

Matthew Hand, CFA, Managing Director and Equity Research Analyst of Wellington Management, has been involved in portfolio management for the Fund since 2019 and has been involved in securities analysis for the Fund since 2004. Mr. Hand joined Wellington Management as an investment professional in 2004.


Tenure Analysis

Category Low

0.0

Category High

38.52

Category Average

6.47

Category Mode

7.12