Summary

• Hartford Balanced Income Fund (I Share) underperformed its benchmark.
• Global fixed-income markets faced a more challenging backdrop in the first quarter of 2026 as the inflation shock from the Iran War reset monetary-policy expectations and shifted government bonds yields higher across the curve.
• An overweight to emerging-market debt also slightly aided relative performance over the quarter.

Market Overview

US equities ended lower in a volatile quarter as shifting market sentiment between fears of a prolonged war in Iran and hopes for a quick resolution spurred considerable uncertainty about the path

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