The Hartford Balanced Income Fund Class R3 (HBLRX)
The Hartford Balanced Income Fund Class R3 operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wayne, PA, US. The stock last traded at $15.26, up 0.07% on the session, giving a market capitalisation of $11.11B. On trailing twelve-month figures it carries a trailing P/E of -4.44, a net margin of -505.1%. Its beta of 0.78 implies it has historically moved less than the broad market.
This fund's primary goal is to deliver consistent income, with the secondary aim of achieving long-term capital appreciation. It generally maintains an asset allocation of about 45% in equities and 55% in fixed-income securities, though this distribution may fluctuate by up to five percentage points in either direction. The equity portion of the portfolio predominantly focuses on common stocks that have a track record of strong dividend payments or show potential for future dividend increases. Up to one-fifth of its fixed-income holdings may be invested in domestic debt instruments that are considered below investment grade.
The Hartford Balanced Income Fund Class R3 is most often compared with the following Financial Services names: