2 / 5 Stars
4 2 2 4 3
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#228 in Large Blend
U.S. News evaluated 486 Large Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 29.24 percent over the past year, 10.76 percent over the past three years, 19.43 percent over the past five years, and 8.06 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-3.6%|
|3 Years (Annualized)||10.8%|
|5 Years (Annualized)||19.4%|
|10 Years (Annualized)||8.1%|
The longtime manager of the Hartford Capital Appreciation Fund, Saul Pannell, invests in a wide range of U.S. and foreign stocks that he believes are undervalued.
As of February 05, 2014, the fund has assets totaling $11.86 billion. Its portfolio consists mostly of investments in large U.S. companies, but management can invest up to 35 percent of the fund’s assets outside of the United States.
Manager Saul Pannell looks for undervalued companies that he believes are poised for growth. Lately, that philosohpy has led him to invest heavily in the healthcare sector in names like Roche. Pannell isn't afraid to scoop up unpopular names like BP after the oil spill in the Gulf of Mexico. In 2010, the fund finished in the bottom half of its category, but its long-term returns still remain among the highest in its category. The fund has returned 29.24 percent over the past year and 10.76 percent over the past three years.
Gloomy returns in 2008 were certainly a chink in Pannell’s armor, but since the fund’s inception in 1996, it has had average annual returns of about 14 percent. Management says, “The best opportunities are overlooked by the crowd or disguised by short-term problems.” Roughly a third of the fund’s current holdings are in companies outside of the United States. The fund has returned 19.43 percent over the past five years and 8.06 percent over the past decade.
The fund relies on the stock-picking ability of Pannell. Management says that “it tends to be focused on determining the potential for the future versus extrapolating trends or looking at what’s happened in the past.”
Role in Portfolio
Morningstar says, “Once a supporting player, this fund has moved up to the large-blend area and is more suitable as a core holding at this point.”
Saul Pannell and Frank Catrickes are the fund’s comanagers. Pannell has been a manager since the fund’s inception.
Hartford Capital Appreciation Fund has an expense ratio of 1.14 percent.
The fund invests the majority of its assets in stocks, and the fund has a fairly large exposure to companies outside of the United States.