Hartford Multi-Asset Income Fund Class Y (IHAYX)
Hartford Multi-Asset Income Fund Class Y operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wayne, PA, US. The stock last traded at $21.07, up 0.00% on the session, giving a market capitalisation of $571.0M. Its beta of 0.69 implies it has historically moved less than the broad market.
This fund aims to generate substantial current income while also growing investors' capital over time. To achieve these objectives, it strategically diversifies its investments across various asset classes. Under normal market conditions, Wellington Management Company LLP, which serves as the fund's sub-adviser, typically allocates a majority of the fund's net assets, specifically between 50% and 70%, to fixed income and cash instruments. The remaining portion, ranging from 30% to 50%, is invested in equity securities.
Hartford Multi-Asset Income Fund Class Y is most often compared with the following Financial Services names: