The Hartford Mutual Funds has announced that, effective July 1, permanent mutual fund expense reductions have taken effect on 36 funds. The change affects institutional and retirement share classes, as well as the retail share classes of six funds.
Keith Sloane, senior vice president of the Hartford Mutual Funds, said in a statement, “We’re seeing high demand for these products and we want to keep that momentum going. Strong-performing funds like Value, Fundamental Growth, and International Opportunities were specifically targeted for significant expense reductions to be more competitive in their Morningstar categories.”
Net operating expenses have dropped up to 30 basis points for the following funds’ institutional, retirement, and retail share classes:
? The Hartford Diversified International Fund2
? The Hartford Fundamental Growth Fund3
? The Hartford Global Research Fund2
? The Hartford International Growth Fund4