Hartford Multi-Asset Income Fund Class I
ITTIX
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- Hartford Multi-Asset Income Fund Class I (ITTIX) is an open-ended mutual fund managed by Hartford Funds that seeks to provide a high level of current income consistent with growth of capital through dynamic allocation across multiple asset classes, including US bonds, US stocks, non-US stocks, non-US bonds, cash, and other instruments such as futures and credit default swaps; its portfolio emphasizes fixed income with approximately 52% in US bonds, 15% in US stocks, 10% in non-US stocks, 10% in non-US bonds, and the remainder in cash and derivatives for yield enhancement and risk management. Sub-advised by Wellington Management, the fund offers monthly distributions, with a net expense ratio of 0.75%, a 30-day SEC yield of 5.22%, and an effective duration of 5.55 years, targeting institutional and high-net-worth investors with a minimum initial investment of $2,000. Launched on March 31, 2015, as part of Hartford Funds' diversified lineup of over 55 mutual funds and 19 ETFs, it operates within the Global Moderately Conservative Allocation category and is available for sale in the United States. The fund dynamically adjusts across fixed income securities like US Treasury notes, mortgage-backed securities, and corporate bonds from issuers such as Mizuho Markets Cayman LP and Royal Bank of Canada; equity exposures in sectors including financial services, technology, and healthcare; and derivatives including Treasury futures and E-mini S&P 500 futures to pursue total return and diversification. Key top holdings include 10 Year Treasury Note Future, Future on E-mini S&P 500 Futures, and 2 Year Treasury Note Future, representing about 17% of the portfolio, with geographic focus primarily on the United States followed by Eurozone and emerging Asia. Hartford Funds, headquartered in Wayne, Pennsylvania and founded in 1996 as a subsidiary of The Hartford Financial Services Group, Inc., provides these offerings alongside partnerships with Wellington Management and Schroders for enhanced equity, fixed income, and international strategies. Recent developments include portfolio management changes with Stephen Gorman starting August 1, 2024, and Nick Samouilhan joining February 28, 2025; Hartford Funds' ETF business surpassing $5 billion in assets under management in 2024 with strong inflows into fixed income ETFs like Hartford Total Return Bond ETF; and new systematic ETF launches such as Hartford Multifactor International Small Company ETF in the prior year, alongside ongoing portfolio adjustments reflected in Q3 2025 commentary noting fixed-income positive returns amid benchmark underperformance. In May 2025, Hartford Funds announced closures of select ETFs including Hartford Schro Commodity ETF, signaling strategic refinements in product offerings. These changes align with broader firm growth, including a leadership transition to Greg Frost as President and sustained asset expansion under The Hartford's oversight.