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Hartford Equity Income A HQIAX

Analyst rating as of
NAV / 1-Day Return
23.14  /  0.22 %
Total Assets
5.0 Bil
Adj. Expense Ratio
1.010%
Expense Ratio
1.010%
Fee Level
Average
Longest Manager Tenure
14.30 years
Category
Large Value
Investment Style
Large Value
Min. Initial Investment
2,000
Status
Open
TTM Yield
1.43%
Turnover
24%
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Morningstar’s Analysis

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New Lead Manager and Pending Retirement at Hartford Equity Income; Ratings Unchanged

Strategist

Analyst Note

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Matthew Hand of subadvisor Wellington Management will take over as lead manager of Hartford Equity Income in anticipation of longtime lead manager Michael Reckmeyer's retirement in June 2022, the firm announced today. The retirement of Reckmeyer, who started in the industry in 1984, isn’t a surprise, and he has been preparing Hand to take over for more than a year now. Hand joined Wellington in 2004 and has had analytical responsibilities on Reckmeyer’s dedicated team for various industries, including consumer, REITs, agriculture and chemicals, and transportation. Although he lacks a portfolio management track record of his own, he has been a comanager with Reckmeyer here since August 2019. This news does not alter the Morningstar Analyst Rating of Hartford Equity Income.

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