Morningstar

Hartford Capital Appreciation A ITHAX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Hartford Funds Investment Hub

Morningstar’s Analysis ITHAX

Will ITHAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ITHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ITHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ITHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Hartford Capital Appreciation Manager to Depart in Early 2025; Ratings Unchanged

null Todd Trubey

Todd Trubey

Analyst Note

On Sept. 24, 2024, subadvisor Wellington Management Company announced Gregg Thomas would step down as portfolio manager at Hartford Capital Appreciation effective Feb. 28, 2025. (Thomas will remain at Wellington.) Thomas is one of the fund's three named portfolio managers, all from Wellington's Fundamental Factor team. Tom Simon and Veenu Ramchandani, the other two managers, will remain in place. This group serves two roles. First, it oversees the (generally stable) allocation of five sleeves of the fund, all run by Wellington portfolio management teams. It also runs one of the sleeves, a risk-management approach that holds about 15% of fund assets. Ramchandani recently rose to become a named manager in March 2024. So, while Thomas is an experienced hand, his impending departure from the strategy doesn't alter its prospects: It receives the same amount of attention as before. Accordingly, its People rating of Average still applies.

by Todd Trubey
Published on

Unlock our full analysis with Morningstar Investor

Sponsor Center