The Hartford MidCap Fund
HFMIX
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
FRC
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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
- Address
- 690 Lee Road Wayne PA United States of America 19087
- IPO Date
- Feb 27, 2009
- CIK
- 0001006415
- Website
- hartfordfunds.com
- Similar Companies
- Business
- The Hartford MidCap Fund (HFMIX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in common stocks of mid-capitalization companies selected by its sub-adviser, Wellington Management Company LLP, based on potential for capital appreciation; under normal circumstances, the Fund invests at least 80% of its assets in such mid-cap equities, defined as companies with market capitalizations within the collective range of the Russell Midcap Index and S&P MidCap 400 Index (approximately $159.43 million to $168.43 billion as of December 31, 2024). Wellington Management employs fundamental analysis to identify quality companies with sustainable growth potential, evaluating factors including business environment, management quality, balance sheet strength, income statement metrics, anticipated earnings, revenues, dividends, and value indicators; the Fund's portfolio aims for diversification across sectors represented in the Russell Midcap Growth Index, though sector allocations may vary based on market conditions and bottom-up stock selection, with current overweight positions in information technology (24%), industrials (25%), and consumer discretionary (19%). Share classes include A (HFMCX), C (HMDCX), F (HMDFX), I (HFMIX), R3 (HFMRX), R4 (HFMSX), R5 (HFMTX), R6 (HFMVX), and Y (HMDYX), offered to retail and institutional investors with varying expense ratios (e.g., 0.85% net for Class I), minimum initial investments (e.g., $2,000 for Class I), and distribution/service fees; the Fund operates within the mid-cap growth segment of the U.S. equity market, targeting investors seeking exposure to high-quality mid-caps in their growth phase, with approximately 100% allocation to equities (99% U.S. stocks, 5% foreign equities), a portfolio turnover rate of 51%, and net assets of about $4.4 billion as of September 30, 2025. The Fund, with an inception date of December 31, 1997 for certain share classes (e.g., Class Y), is managed by Hartford Funds Management Company, LLC, a subsidiary of The Hartford Financial Services Group, Inc., which traces its origins to 1810 and maintains headquarters in Hartford, Connecticut, while Hartford Funds is based in Wayne, Pennsylvania. Recent developments include a reverse stock split for Class C shares (HMDCX) executed on September 13, 2024, aimed at adjusting share price structure and reducing outstanding shares; portfolio management continuity under Timothy W. Egan, CFA (joined 2023, 21 years' experience) and Mark A. Whitaker, CFA (since 2004, 26 years' experience) from Wellington Management; a benchmark shift effective December 31, 2024, from the S&P MidCap 400 Index to the Russell Midcap Growth Index to better align with the Fund's growth-oriented strategy; and updated summary prospectus dated February 28, 2025, reflecting ongoing expense structures and performance disclosures amid a fiscal year 2024 portfolio turnover of 51%.