The Hartford Balanced Income Fund Class R6 (HBLVX)
The Hartford Balanced Income Fund Class R6 operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wayne, PA, US. The stock last traded at $15.42, up 0.00% on the session, giving a market capitalisation of $11.19B. Its beta of 0.77 implies it has historically moved less than the broad market.
The fund's primary objective is to generate current income, complemented by a secondary aim of long-term capital appreciation. It typically targets an asset allocation of approximately 45% in equity securities and 55% in fixed income investments, with this split generally fluctuating within a 5% range. The equity component predominantly features common stocks of companies known for their robust dividend history or anticipated increases in dividend payouts. Up to 20% of the fixed income portfolio may be allocated to domestic non-investment grade debt.
The Hartford Balanced Income Fund Class R6 is most often compared with the following Financial Services names: