3 / 5 Stars
3 3 3 1 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 329 Large Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 23.33 percent over the past year, 12.04 percent over the past three years, and 22.98 percent over the past five years.
|Trailing Returns||Updated 03.31.2014|
|Year to date||4.5%|
|3 Years (Annualized)||12.0%|
|5 Years (Annualized)||23.0%|
|10 Years (Annualized)||6.6%|
Hartford Value Opportunities could be more consistent.
As of April 22, 2014, the fund has assets totaling almost $171.84 million invested in 97 different holdings. Its portfolio consists primarily of shares of large and midsized companies.
Since the early 2000s, investors in this fund have been on somewhat of a rocky ride. Overall, the fund has tended to be quite streaky. It finished 2003 and 2004 in the top 10 percent of Morningstar's large-value category, only to drop to the bottom 15 percent in 2007 and 2008 and rise again to the top 15 percent in 2009 and 2010. As of the end of June, its trailing five-year returns were worse than those of the broader market. One reason for the fund's inconsistent performance is its overweight to financial companies, which as of the end of May accounted for 28 percent of its stock holdings. That sector, of course, has been quite volatile over the last few years.
While technically a large-cap fund, Hartford also has significant exposure to mid-cap companies. Meanwhile, roughly a fifth of its stock portfolio is invested outside of the United States. Apart from the United States, the most-represented country is Switzerland. The fund is also invested in a variety of other European countries, as well as in China and Singapore. The fund has returned 23.33 percent over the past year, 12.04 percent over the past three years, and 22.98 percent over the past five years.
According to the fund's prospectus: "The Fund's investment strategy employs a contrarian approach to stock selection, favoring securities that appear to be undervalued in the marketplace. The approach uses extensive research to identify stocks of companies whose fundamentals are not adequately reflected in the market price of their securities."
Role in Portfolio
The fund could lend support to a well-balanced portfolio.
David R. Fassnacht and James Mordy manage the fund.
Hartford Value Opportunities Fund has an expense ratio of 2.10 percent.
Like all stock funds, this one comes with some risks.