The Hartford Equity Income Fund Class A
HQIAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 690 Lee Road Wayne PA United States of America 19087
- IPO Date
- Aug 28, 2003
- CIK
- 0001006415
- Website
- hartfordfunds.com
- Similar Companies
- Business
- The Hartford Equity Income Fund Class A (HQIAX) is an open-end mutual fund that seeks a high level of current income consistent with growth of capital by investing primarily in equity securities of high-quality, dividend-growing companies with above-average yields and below-average valuations, typically those with market capitalizations above $2 billion. The fund emphasizes a dividend-focused strategy targeting quality companies with growing and sustainable dividends; applies valuation discipline to temporarily out-of-favor stocks; and maintains a portfolio with approximately 74 holdings, 97% in equities (including 8% foreign), low turnover of 35%, and an active share of 83% versus the Russell 1000 Value Index. Top sectors include financials (18-19%), healthcare (17-18%), and industrials (11-13%), with leading holdings such as Bank of America Corp. (2.48%), Merck & Co., Inc. (2.35%), and Johnson & Johnson (2.22%); it distributes income quarterly, with a recent 30-day SEC yield of 1.76% and quarterly payouts such as $0.0933 per share in September 2025. Sub-advised by Wellington Management Company LLP since inception, the fund is managed by Adam Illfelder and Matthew Hand (since August 2019) and operates within the large value category, available primarily to U.S. investors with a minimum initial investment of $2,000, a 5.50% front-end load, and a net expense ratio of 0.97%. Launched on August 28, 2003, the fund is managed by Hartford Funds, established in 1996 as part of The Hartford Financial Services Group, Inc. (founded 1810), with headquarters in Wayne, Pennsylvania. Geographically, it focuses predominantly on U.S. equities (85-87% allocation) with select non-U.S. exposure to regions including the United Kingdom (4%), Eurozone (3.5%), and Canada (2.7%). In recent developments, Hartford Funds launched the Hartford Equity Premium Income ETF (HEMI) on December 17, 2025, its first options overlay strategy sub-advised by Wellington Management, combining U.S. equities with S&P 500 call options for enhanced income and tax efficiency, reflecting ongoing collaboration with the sub-advisor on innovative equity income solutions. The fund continues quarterly distributions through 2025, including a special year-end payout of $1.6444 per share (primarily long-term capital gains) on December 11, 2024, and ordinary income dividends in March ($0.1102), June ($0.0968), and September ($0.0933) 2025. As of late 2025, total net assets for the fund stand at approximately $4.92 billion, with the Class A share class at $1.85 billion.