If you have been looking for Mutual Fund Equity Report funds, it would not be wise to start your search with Hartford Healthcare Fund HLS IB (HBGHX). HBGHX bears a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
HBGHX finds itself in the Hartford family, based out of Woodbury, MN. Hartford Healthcare Fund HLS IB debuted in October of 2002. Since then, HBGHX has accumulated assets of about $30.28 million, according to the most recently available information. The fund's current manager is a team of investment professionals.
Performance
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 7.38%, and it sits in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 6.7%, which places it in the bottom third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 18.31%, the standard deviation of HBGHX over the past three years is 17.63%. Over the past 5 years, the standard deviation of the fund is 17.55% compared to the category average of 16.93%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.79, the fund is likely to be less volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. Over the past 5 years, the fund has a negative alpha of -0.38. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Holdings
Exploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is mostly on equities that are traded in the United States.
The mutual fund currently has 75.58% of its holdings in stocks, with an average market capitalization of $158.27 billion. The fund has the heaviest exposure to the following market sectors:
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Health
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Finance
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Other
Turnover is 38%, which means, on average, the fund makes fewer trades than its comparable peers.