- Business
- The Hartford Mutual Funds, Inc. - Hartford Global Impact Fund Class A (HGXAX) is an open-end equity mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of issuers located throughout the world, including emerging markets, with a focus on companies demonstrating positive social and environmental impact. The fund, sub-advised by Wellington Management Company LLP, targets growth and value stocks across diversified market capitalizations, particularly small- and mid-cap companies deemed socially conscious in their operations; it maintains at least 40% exposure to foreign securities from at least three countries outside the United States, with current portfolio allocations featuring approximately 97% in equities (66% U.S. stocks, 30% non-U.S. stocks), diversified across sectors such as industrials (26-28%), health care (15-17%), information technology (18-19%), and financials (11-13%), and top holdings including Globe Life Inc., Laureate Education Inc., Eli Lilly & Co., Modine Manufacturing Co., and Agilent Technologies Inc. Launched on February 28, 2017, and domiciled in the United States, the fund is part of Hartford Funds, headquartered at 690 Lee Road, Wayne, Pennsylvania 19087, with Hartford Funds Management Company, LLC serving as the investment manager. In recent developments, Wellington Management became the sole sub-adviser effective October 4, 2019, following the fund's restructuring from a feeder structure into a standalone investment company, enhancing its independent investment approach with active share at 97%. Hartford Funds, the broader parent organization founded in 1996 as a subsidiary of The Hartford (established 1810), has continued expanding its sustainable and active offerings, including the September 2025 launch of the Hartford Dynamic Bond ETF (DYNB) sub-advised by Wellington Management and the December 2025 introduction of the Hartford Equity Premium Income ETF (HEMI), alongside the closure of four underperforming ETFs in June 2025, reflecting strategic portfolio optimization amid growing demand for ESG-integrated and multisector strategies. The fund serves U.S. investors through various share classes, with Class A featuring a 5.50% front-end load, 1.19% net expense ratio, and minimum initial investment of $2,000.