About HBLYX
The Hartford Balanced Income Fund Class Y is a mutual fund designed to provide current income as its primary objective, with capital growth as a secondary goal. This fund adopts a balanced strategy, typically allocating around 45% of its portfolio to equity securities and 55% to fixed income investments, with allocation fluctuations generally limited to a 5% range in either direction. The equity portion emphasizes investments in common stocks known for established or growing dividend payouts, targeting value and dividend-paying companies across various market capitalizations. The fixed income segment includes a range of bond instruments, supporting consistent income generation. By blending both equity and fixed income holdings, this fund aims to offer investors a mix of income stability and potential for moderate capital appreciation. Featuring a quarterly payout structure and holding over a thousand securities, the Hartford Balanced Income Fund Class Y plays a notable role for investors seeking diversified exposure to both stock and bond markets, particularly those with an income-focused strategy. Since its inception in 2006, it has become a sizable fund within its category, appealing to institutional and high-net-worth investors due to its higher minimum investment threshold.
Fund Family Hartford Mutual Funds
Category Allocation--30% to 50% Equity
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol HBLYX
Share Class Class Y
Index Russell 1000 Value TR
HBLYX had a total return of 5.29% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.90%.
