Morningstar

Hartford MidCap Y HMDYX Fund Analysis

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

Morningstar’s Analysis HMDYX

Will HMDYX 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 HMDYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HMDYX 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 HMDYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Hartford MidCap Is Under Review as Lead Manager Phil Ruedi to Depart at Year's End

null Drew Carter

Drew Carter

Analyst Note

Hartford MidCap's Morningstar Medalist Rating is now Under Review after the announcement that lead manager Phil Ruedi will leave subadvisor Wellington at year's end. He'll be replaced by Tim Egan, a partner at Wellington whose prior experience at the firm was as an analyst and portfolio manager on an international contrarian team that ran long-only and long-short strategies. Egan has served as a manager on this strategy for a brief period—since June 20, 2024—having joined the team as an analyst about a year before that. Poor performance has plagued this strategy since 2017, having outpaced the Russell Midcap Growth in just one calendar year out of the past eight, including 2024 so far. That has caused considerable client withdrawals: The fund has seen nearly $12 billion leave since 2019.

by Drew Carter
Published on

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