Hartford Multi-Asset Income Fund Class Y
IHAYX
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- Hartford Multi-Asset Income Fund Class Y (IHAYX) is an open-end mutual fund managed by Hartford Funds that seeks a high level of current income consistent with growth of capital by dynamically allocating across a broad range of asset classes, including U.S. and non-U.S. stocks, bonds, cash equivalents, and derivatives such as futures and credit default swaps. The fund invests in fixed income securities like U.S. Treasury notes and bonds, mortgage-backed securities from agencies such as Uniform Mortgage-Backed Security and Government National Mortgage Association, investment-grade and high-yield corporate credits, emerging market debt, and equity positions concentrated in sectors including financial services, technology, industrials, and healthcare; top holdings as of recent data include futures on 10-Year Treasury Notes, E-mini S&P 500, and issuers like Mizuho Markets Cayman LP, Royal Bank of Canada, and Societe Generale SA. It features a net expense ratio of 0.76%, monthly dividend distributions with a 30-day SEC yield around 5.22%, effective duration of approximately 5.55 years, and total net assets of about $592 million, targeting institutional investors with a minimum initial investment of $250,000. Sub-advised by Wellington Management Company LLP, a longtime strategic partner providing extensive resources across major asset classes, the fund employs a flexible approach to adjust allocations for short- and long-term opportunities amid changing market conditions, with portfolio management led by Stephen Gorman since August 2024. Launched on July 22, 1996, it operates within the Global Moderately Conservative Allocation category and is available primarily to U.S. investors through the Hartford Funds platform. Hartford Funds, the fund's sponsor and a subsidiary of The Hartford Financial Services Group, Inc. (founded in 1810 and headquartered in Hartford, Connecticut), maintains operational headquarters in Wayne, Pennsylvania, with additional offices including San Francisco. In recent developments, Hartford Funds launched the Hartford Dynamic Bond ETF (DYNB) in September 2025, sub-advised by the same Wellington team managing related fixed income strategies, expanding its active fixed income offerings amid demand for flexible bond products; the firm also announced closures and liquidations of select ETFs such as Hartford Schroders Commodity ETF and others in May-June 2025 as part of portfolio rationalization. Further, Hartford Funds surpassed $5 billion in ETF assets under management in 2024 through inflows into fixed income and systematic equity strategies, introduced new systematic ETFs like Hartford Multifactor International Small Company ETF (ROIS) in 2024, and continues partnerships with sub-advisers Wellington Management and Schroders while collaborating with institutions like MIT AgeLab on investor solutions. These moves reflect ongoing strategic expansions in ETFs and multi-asset income solutions despite selective product streamlining.