The Hartford Balanced Income Fund Class R3
HBLRX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- HARTFORD MUTUAL FUNDS INC/CT MD United States of America
- IPO Date
- May 28, 2010
- CIK
- 0001006415
- Website
- hartfordfunds.com
- Similar Companies
- Business
- The Hartford Balanced Income Fund Class R3 (HBLRX) is an open-end mutual fund that seeks current income with growth of capital as a secondary objective through a balanced portfolio targeting approximately 45% equities and 55% fixed-income securities, with allocation fluctuations limited to +/-5%. The equity sleeve focuses on common stocks of companies with above-average dividend histories or dividend growth potential, including large-cap names such as Bank of America Corp., Johnson & Johnson, Merck & Co., Inc., UnitedHealth Group Inc., and JPMorgan Chase & Co.; the fixed-income sleeve invests primarily in investment-grade bonds, such as U.S. Treasury securities, corporate bonds from issuers like JP Morgan Chase & Co. and HSBC Holdings PLC, and other mid-quality credits, with approximately 76 equity holdings and 591 fixed-income issuers. The fund pays quarterly dividends, exhibits a turnover rate of 61%, a beta of 0.60, and a 30-day SEC yield around 3.34% as of late 2025. Managed by Hartford Funds Management Company, LLC, a subsidiary of The Hartford Financial Services Group, Inc., the fund is sub-advised by Wellington Management Company LLP, which provides expertise across equities and fixed income. Hartford Funds, headquartered in Wayne, Pennsylvania, leverages partnerships with Wellington (since 1996 for equities) and Schroders for a broad range of over 50 mutual funds and ETFs; the firm operates globally with offices in the Americas, Europe, Asia Pacific, and beyond. HBLRX, part of the Morningstar Moderately Conservative Allocation category, primarily serves U.S. investors through retirement plans and other channels, with total net assets for the fund family exceeding $124 billion. In a recent change, Noah Atlas joined the portfolio management team on September 30, 2025, alongside Scott St. John (fixed-income lead), Matthew Hand (equity lead), and Adam Illfelder, bringing additional investment-grade bond management and trading expertise from Wellington to support the fund's income-focused strategy. This expansion maintains the fund's disciplined approach amid Hartford Funds' ongoing innovations, including new ETF launches like the Hartford Dynamic Bond ETF in 2025 and an options overlay strategy sub-advised by Wellington in December 2025. The fund's Class R3 shares, introduced with an inception date of July 31, 2006, feature a net expense ratio of 1.28% and are available with no minimum initial investment.