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Rating:Two Hartford Funds Get Hitched Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, October 21, 2009

Two Hartford Funds Get Hitched

News summary by MFWire's editors

A Hartford mutual fund is losing opportunities -- but only from its name. A recent SEC filing reveals that the $257 million Hartford Value Opportunities HLS Fund will be folded into the $274 million Hartford Value HLS Fund, pending shareholder approval.

The Opportunities fund was the slightly cheaper fund, with a 65 basis points expense ratio for Class IA shares (90 for IB), which compares with 84 bps (109 for IB) for the Value HLS Fund. The combined fund will offer a 75 bps ratio (100 for IB). The discrepancies are almost all due to management fees.

Both to-be-merged funds are subadvised by Wellington Management.

Morningstar rates the two acquired share classes at three stars, and the two acquiring share classes are rated at five stars.

The shareholder vote will take place on January 26, 2010. 

Edited by: Adam Kommel


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