Fund Evaluator:

Hartford Conservative Allocation I Overview

Hartford Conservative Allocation I (HCVIX) is an actively managed Allocation Global Moderately Conservative Allocation fund. Hartford Mutual Funds launched the fund in 2006.

The investment seeks current income and long-term capital appreciation. 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, include fixed income funds, equity funds and funds that may have exposures to alternative asset classes, including commodities. The Investment Manager anticipates allocating approximately 20%-50% of the fund's total assets to the equity component and approximately 50%-80% of the fund's total assets to the fixed income component.

About Hartford Conservative Allocation I (HCVIX)

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 65%, Russell 3000 TR USD index with a weighting of 25% and MSCI ACWI Ex USA NR USD index with a weighting of 10%. Hartford Conservative Allocation I has 18 securities in its portfolio. The top 10 holdings constitute 86.9% 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 Conservative Allocation I is part of the Allocation global asset class and is within the Allocation fund group. Hartford Conservative Allocation I has 24.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 26.6%. There is 10.8% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 58.1% (44.8% domestic bond, 13.2% foreign bond and 0.7% convertible bond). Hartford Conservative Allocation I has 3.7% of the portfolio in cash.

Assets Under Management

The fund has $13 million in total assets, which is below the $304 million average for the Global Moderately Conservative 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.

HCVIX 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 Conservative Allocation I expense ratio is above average compared to funds in the Global Moderately Conservative Allocation category. Hartford Conservative Allocation I has an expense ratio of 0.74%, 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 Conservative Allocation I has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Moderately Conservative Allocation category.

Recently, in the month of July 2026, Hartford Conservative Allocation I returned -0.8%, which earned it a grade of D, as the Global Moderately Conservative Allocation category had an average return of -0.5%. 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 Conservative Allocation I has a trailing yield of 3.36%, which is above the 3.07% 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 Conservative Allocation I Grades

Year to date, the fund has returned 3.9%, 1.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.2% over the past year (grade of F), 9.1% over the past three years (grade of C) and 3.8% per year over the past five years (grade of C) and 5.3% per year over the past 10 years (grade of C).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Hartford Conservative Allocation I, including its riskiness, submit your email to unlock the rest of the article.