Fund Evaluator:
Hartford Moderate Allocation I (HBAIX)
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Fund Details
Hartford Moderate Allocation I Overview
Hartford Moderate Allocation I (HBAIX) is an actively managed Allocation Global Moderate Allocation fund. Hartford Mutual Funds launched the fund in 2006.
The investment seeks long-term capital appreciation and income. The fund seeks to meet its investment objective through investment in a combination of other mutual funds and ETFs advised by Hartford Funds Management Company, LLC or a wholly owned subsidiary of the Investment Manager (the "underlying funds"). The underlying funds, include fixed income funds, equity funds and funds that may have exposures to alternative asset classes, including commodities. The Investment Manager anticipates allocating approximately 45%-75% of the fund's total assets to the equity component and approximately 25%-55% of the fund's total assets to the fixed income component.
About Hartford Moderate Allocation I (HBAIX)
There are 3 members of the management team with an average tenure of 8.59 years: Vernon Meyer (2015), Allison Mortensen (2015), James Glendon (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 4 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100%, Bloomberg US Agg Bond TR USD index with a weighting of 40%, Russell 3000 TR USD index with a weighting of 40% and MSCI ACWI Ex USA NR USD index with a weighting of 20%. Hartford Moderate Allocation I has 17 securities in its portfolio. The top 10 holdings constitute 80.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Hartford Moderate Allocation I is part of the Allocation global asset class and is within the Allocation fund group. Hartford Moderate Allocation I has 29.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 42.3%. There is 21.0% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 33.5% (25.4% domestic bond, 8.1% foreign bond and 0.3% convertible bond). Hartford Moderate Allocation I has 2.8% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HBAIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Hartford Moderate Allocation I expense ratio is above average compared to funds in the Global Moderate Allocation category. Hartford Moderate Allocation I has an expense ratio of 0.79%, which is 24% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Hartford Moderate Allocation I has a portfolio turnover rate of 11%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.
Recently, in the month of July 2026, Hartford Moderate Allocation I returned -0.6%, which earned it a grade of D, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Hartford Moderate Allocation I has a trailing yield of 2.25%, which is below the 2.61% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Hartford Moderate Allocation I Grades
Year to date, the fund has returned 6.7%, 1.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 14.1% over the past year (grade of D), 12.5% over the past three years (grade of B) and 6.2% per year over the past five years (grade of B) and 7.7% per year over the past 10 years (grade of B).
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HBAIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HBAIX Return (NAV) | -0.6% | 2.4% | 14.1% | 12.5% | 6.2% | 7.7% |
| HBAIX Grade | D | B | D | B | B | B |
| +/- Category | -0.9% | 0.3% | -1.9% | 0.6% | -0.0% | 0.5% |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| HBAIX Tax Cost Ratio | na | na | 2.5% | 1.4% | 1.6% | 1.5% |
HBAIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HBAIX Return (NAV) | 6.7% | 15.1% | 12.2% | 12.9% | -14.8% | 9.9% | 11.4% | 18.5% | -5.6% | 15.0% | 4.9% |
| HBAIX Grade | D | C | A | C | C | D | C | C | A | B | D |
| +/- Category | -1.4% | -1.1% | 3.8% | 0.7% | -1.4% | -1.7% | 1.6% | 0.8% | 1.5% | 1.0% | -1.7% |
| Global Moderate Allocation Avg | 8.1% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 8.7% |
| Total Risk Index: | 0.71 - Below Average |
| Category Risk Index: | 0.95 - Below Average |
| Category Risk Grade: | B (27% Rank) |
| Beta: | 0.91 |
| R-Squared: | 96% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $327 Mil |
| Fund Total Assets: | $ 11 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 11% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 10.7 years | |||
| Average Tenure: 8.6 years | |||
| Managers (Year): Meyer Vernon (2015), Mortensen Allison (2015), Glendon James (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 17 |
| % in Top 10 Holdings: | 80.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 29.2% |
Portfolio Allocation |
|
| Domestic Stock: | 42.3% |
| Foreign Stock: | 21.0% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 25.4% |
| Foreign Bond: | 8.1% |
| Convertible Bond: | 0.3% |
| Other: | 0.0% |
| Cash: | 2.8% |
Purchase Information
| Fund Family: | Hartford Mutual Funds |
| Phone Number: | 888-843-7824 |
| Website: | www.hartfordfunds.com |
| Status: | Open |
| Inception Date: | August 31, 2006 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.79% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | Hartford Moderate Allocation A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
