-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HvBPWtgqJL7DKT4ZoyLO7Rz6xVmJKyezC7E3ITgNJET6xRMDDbGY4Jm7Hc7p7Y/P PhfAFijbEJ1iM3uk3PK9JQ== 0000950123-09-041289.txt : 20090904 0000950123-09-041289.hdr.sgml : 20090904 20090904155858 ACCESSION NUMBER: 0000950123-09-041289 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 36 CONFORMED PERIOD OF REPORT: 20090630 FILED AS OF DATE: 20090904 DATE AS OF CHANGE: 20090904 EFFECTIVENESS DATE: 20090904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARTFORD HLS SERIES FUND II INC CENTRAL INDEX KEY: 0000790558 IRS NUMBER: 411600027 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04615 FILM NUMBER: 091056266 BUSINESS ADDRESS: STREET 1: P O BOX 2999 CITY: HARTFORD STATE: CT ZIP: 06104-2999 BUSINESS PHONE: 860-843-9934 MAIL ADDRESS: STREET 1: 200 HOPMEADOW STREET CITY: SIMSBURY STATE: CT ZIP: 06089 FORMER COMPANY: FORMER CONFORMED NAME: FORTIS INSURANCE SERIES FUND INC DATE OF NAME CHANGE: 20020222 FORMER COMPANY: FORMER CONFORMED NAME: FORTIS SERIES FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMEV SERIES FUNDS INC DATE OF NAME CHANGE: 19920506 0000790558 S000004101 HARTFORD BLUE CHIP STOCK HLS FUND C000011514 IA HBCIX C000047832 Hartford LargeCap Growth HLS Fund Class IB 0000790558 S000004102 HARTFORD VALUE OPPORTUNITIES HLS FUND C000011515 IA HAVOX C000011516 IB HBVOX 0000790558 S000004104 HARTFORD GROWTH OPPORTUNITIES HLS FUND C000011518 IA HAGOX C000011519 IB HBGOX 0000790558 S000004107 HARTFORD MIDCAP GROWTH HLS FUND C000011522 IA HMCSX C000047834 Hartford MidCap Growth HLS Fund Class IB 0000790558 S000004108 HARTFORD SMALLCAP GROWTH HLS FUND C000011523 IA HISCX C000011524 IB HBSGX 0000790558 S000004109 HARTFORD SMALLCAP VALUE HLS FUND C000011525 IA HSCGX C000011526 IB HBSCX 0000790558 S000004110 HARTFORD U.S. GOVERNMENT SECURITIES HLS FUND C000011527 IA HAUSX C000011528 IB HBUSX N-CSRS 1 b77112a1nvcsrs.htm HARTFORD HLS SERIES FUND II INC HARTFORD HLS SERIES FUND II INC
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number: 811-04615
HARTFORD HLS SERIES FUND II, INC.
(Exact name of registrant as specified in charter)
P. O. Box 2999, Hartford, Connecticut 06104-2999
(Address of Principal Executive Offices)
Edward P. Macdonald, Esquire
Life Law Unit
The Hartford Financial Services Group, Inc.
200 Hopmeadow Street
Simsbury, Connecticut 06089
(Name and Address of Agent for Service)
Registrant’s telephone number, including area code: (860) 843-9934
Date of fiscal year end: December 31st
Date of reporting period: January 1, 2009 — June 30, 2009
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
 
 

 


TABLE OF CONTENTS

Item 1. Reports to Stockholders
Item 2. Code of Ethics
Item 3. Audit Committee Financial Expert
Item 4. Principal Accountant Fees and Services
Item 5. Audit Committee of Listed Registrants
Item 6. Schedule of Investments
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Item 8. Portfolio Managers of Closed-End Management Investment Companies
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Item 10. Submission of Matters to a Vote of Security Holders
Item 11. Controls and Procedures
Item 12. Exhibits
SIGNATURES
EXHIBIT LIST
EX-99.CERT Section 302 Certification
EX-99.906CERT Section 906 Certification


Table of Contents

Item 1. Reports to Stockholders.

 


Table of Contents

     
Hartford Series Fund, Inc.
Hartford HLS Series Fund II, Inc.




Semi-Annual Report
June 30, 2009
  (ELK PHOTO)
                                    ­ ­ 
                                                   ­ ­ 
• Manager Discussions
• Financials
 
 
(THE HARTFORD LOGO)


Table of Contents

 
Hartford Series Fund, Inc.
Hartford HLS Series Fund II, Inc.
 
Table of Contents
     
Manager Discussions (Unaudited)   1
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. Financial Statements:    
Schedule of Investments as of June 30, 2009 (Unaudited):
   
Hartford Advisers HLS Fund
  61
Hartford Capital Appreciation HLS Fund
  67
Hartford Disciplined Equity HLS Fund
  73
Hartford Dividend and Growth HLS Fund
  76
Hartford Equity Income HLS Fund
  79
Hartford Fundamental Growth HLS Fund
  81
Hartford Global Advisers HLS Fund
  83
Hartford Global Equity HLS Fund
  90
Hartford Global Growth HLS Fund
  98
Hartford Global Health HLS Fund
  101
Hartford Growth HLS Fund
  103
Hartford Growth Opportunities HLS Fund
  105
Hartford High Yield HLS Fund
  108
Hartford Index HLS Fund
  114
Hartford International Growth HLS Fund
  120
Hartford International Opportunities HLS Fund
  124
Hartford International Small Company HLS Fund
  127
Hartford LargeCap Growth HLS Fund
  131
Hartford MidCap HLS Fund
  134
Hartford MidCap Growth HLS Fund
  137
Hartford MidCap Value HLS Fund
  140
Hartford Money Market HLS Fund
  143
Hartford Small Company HLS Fund
  146
Hartford SmallCap Growth HLS Fund
  151
Hartford SmallCap Value HLS Fund
  156
Hartford Stock HLS Fund
  163
Hartford Total Return Bond HLS Fund
  166
Hartford U.S. Government Securities HLS Fund
  177
Hartford Value HLS Fund
  181
Hartford Value Opportunities HLS Fund
  183
Statements of Assets and Liabilities as of June 30, 2009 (Unaudited)
  186
Statements of Operations for the Six-Month Period Ended June 30, 2009 (Unaudited)
  192
Statements of Changes in Net Assets for the Six-Month Period Ended June 30, 2009 (Unaudited) and for the Year Ended December 31, 2008
  198
Notes to Financial Statements (Unaudited)
  208
Financial Highlights (Unaudited)
  237
Directors and Officers (Unaudited)
  247
How to Obtain a Copy of the Funds’ Proxy Voting Policies and Proxy Voting Records (Unaudited)
  249
Quarterly Portfolio Holdings Information (Unaudited)
  249
Expense Example (Unaudited)
  250
Approval of Amended and Restated Investment Sub-Advisory Agreement (Unaudited)
  252
 
This report is prepared for the general information of contract owners and qualified retirement plan participants. It is not an offer of contracts or of qualified retirement plans. It should not be used in connection with any offer, except in conjunction with the appropriate prospectus which contains all pertinent information including the applicable sales, administrative and other charges.
 
The views expressed in each Fund’s Manager Discussion under “Why did the Fund perform this way?” and “What is the outlook?” are views of the Fund’s subadvisers and portfolio management team through the end of the period and are subject to change based on market and other conditions.


Table of Contents

Hartford Advisers HLS Fund inception 3/31/1983
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Barclays Capital Government/Credit Bond Index is an unmanaged index comprised of the U.S. Government/Credit component of the U.S. Aggregate Index. The 1-3 Year Government/Credit Index includes securities in the 1-3 year maturity range in the Government/Credit Index.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks maximum long-term total return.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Advisers IA
    -17.20 %     -0.55 %     -0.16 %
 
Advisers IB
    -17.41 %     -0.80 %     -0.39 %
 
Barclays Capital Government/ Credit Bond Index
    5.26 %     4.80 %     5.95 %
 
S&P 500 Index
    -26.21 %     -2.24 %     -2.22 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
             
Steven T. Irons, CFA
  John C. Keogh   Peter I. Higgins, CFA   Christopher L. Gootkind, CFA
Senior Vice President, Partner
  Senior Vice President, Partner   Senior Vice President   Vice President
 
How did the Fund perform?
The Class IA shares of the Hartford Advisers Fund returned 9.60%, for the six-month period ended June 30, 2009, versus the returns of 3.16% for the S&P 500 Index, 0.55% for the Barclays Capital Government/Credit Bond Index and 5.94% for the average fund in the Lipper Mixed-Asset Target Allocation Growth VP-UF Funds peer group, a group of funds that hold between 60%-80% in equity securities, with the remainder invested in bonds, cash, and cash equivalents.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead year-to-date at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Federal government stimulus continued with the passing of the $787 billion stimulus package, release of the remaining Troubled Asset Relief Program (TARP) funds, launch and expansion of the Term Asset-Backed Securities Loan Facility (TALF), and introduction of the Public-Private Investment Program (PPIP). Financial institutions regained access to unsecured credit and equity markets and raised capital following positive earnings surprises in the banking sector and better-than-anticipated stress test results. The improvement in risk appetite, combined with growing concerns over the supply
         
  1  

 


Table of Contents

 
of debt necessary to finance the myriad of government programs, drove Treasury yields higher during the period.
Equity markets as measured by the S&P 500 Index returned 3.2% during the period, although returns to sectors within the index varied widely. Information Technology (+25%), Materials (+14%) and Consumer Discretionary (+9%) posted the largest gains. Industrials (-6%), Telecommunication Services (-4%), and Financials (-3%) experienced the largest losses. The bond market, as measured by the Barclays Capital Government/Credit Bond Index, returned +0.6% during the period. All risk segments of the fixed income market outperformed duration-equivalent Treasuries for the period.
The Fund has three primary levers to generate investment performance: equity investments, fixed income investments, and asset allocation among stocks, bonds, and cash. During the period, the equity portion and the fixed income portion of the Fund both outperformed their respective benchmarks. Asset allocation did not meaningfully impact the Fund’s performance during the period, although the Fund was generally overweight (i.e. the Fund’s sector position was greater than the benchmark position) equities relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark.
Equity outperformance versus its benchmark was driven by security selection, which was strongest in Energy, Financials, Health Care, and Information Technology. Sector positioning, which is a result of bottom-up security selection, also contributed to relative performance due to overweight exposures to Information Technology and Consumer Discretionary, and underweight (i.e. the Fund’s sector position was less than the benchmark position) exposures to Health Care, Utilities, and Telecommunication Services.
Top contributors to relative performance of the equity portion of the Fund during the period were Goldman Sachs (Financials), Schering-Plough (Health Care) and Petrol Brasileiros (Energy). Shares of Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Schering-Plough’s share price jumped after the company received a takeout offer by Merck. Brazil-based oil and gas exploration and production company Petrol Brasileiros reported solid results aided by reduced exploration and production lifting costs and strong refining and downstream earnings, driving shares higher. Petrol Brasileiros also benefited from the overall improvement in the global economy which led to capital flows back into emerging market companies. The Fund’s holding in Apple (Information Technology) also contributed positively to the equity portion of the Fund’s returns on an absolute (i.e. total return) basis.
Stocks that detracted the most from relative returns during the period were Delta Air Lines (Industrials), Wells Fargo (Financials), and Shionogi (Health Care). Delta Airlines’ shares fell during the period on news of soft revenue metrics and a general contraction in demand across the travel industry, which investors feared would overshadow the benefits of industry-wide capacity reductions. Shares of U.S. bank Wells Fargo fell early in the period amid concerns over their acquisition of Wachovia, the potential impact of worsening credit trends, and the possibility that they might have to raise additional equity. Japan-based pharmaceutical company Shionogi’s third quarter domestic product sales were weaker than expected and its royalty income from international Crestor sales suffered due to the appreciating Yen. The combination of these two events forced Shionogi to lower their full year earnings outlook, driving its stock price downward. Not owning IBM (Information Technology), whose shares outperformed as it reported better-than-expected earnings, negatively impacted relative performance. General Electric (Industrials) also detracted from absolute returns.
The fixed income portion of the Fund outperformed its benchmark for the six month period ended June 30, 2009. The Fund’s allocations to agency mortgage-backed securities (MBS), non-agency MBS, and consumer asset-backed securities (ABS), an overweight to the corporate bond sector, and security selection within the corporate bond sector were all additive to relative results. Modestly detracting from performance was the Fund’s allocation to commercial mortgage-backed securities (CMBS). In February and March we exited the Fund’s last remaining CMBS positions. During the six-month period, the initiation and expansion of the Fed’s purchase program for agency MBS led to material spread tightening (i.e. short and long term interest rates moving closer together) and the outperformance of this sector. Improved liquidity and the expansion of TALF/PPIP to include non-agency MBS that were AAA-rated at origination resulted in the outperformance of these assets as well. Consumer ABS, including credit card and auto deals, outperformed as banks took actions to support their credit card trusts and TALF-related demand grew. The Fund’s allocations to these sectors were positive contributors to performance. An overweight to corporate bonds was also additive. In addition the Fund was positioned with an overweight to corporate debt issued by financial institutions, including banks, insurance companies, and REITS. Better-than-expected earnings and stress test results for the banks, the extension of TARP capital to insurance companies, and successful capital raises for financial institutions all led to the outperformance of financial issuers.
What is the outlook?
While investors have stopped worrying—for the moment—about the solvency of the banking system and the freezing of global credit, that concern has shifted to implications of government involvement in private enterprise and the troubling trajectories of unemployment and corporate profits.
         
  2  

 


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In the midst of this uncertainty, we continue to focus our efforts in the equity portion of the Fund on stock-by-stock fundamental research to construct a diversified large-cap core portfolio. We look for companies that exhibit the following qualities: industry leadership, strong balance sheets, solid management, high return on equity, accelerating earnings, and/or attractive valuation with a catalyst. At the end of the period, our bottom-up investment approach resulted in overweight exposures in Financials, Information Technology, and Energy, as we found a number of attractive investment opportunities in these sectors. The Fund’s largest underweights relative to the S&P 500 Index were in Consumer Staples, Telecommunication Services, and Materials.
From a fixed income perspective, we believe that signs of a turn in the economy are emerging and that the risks of a severe and prolonged global recession have diminished. Government intervention continues to reduce systemic risk; however, a sluggish housing market and weak employment will remain headwinds. We believe the Fed will maintain its low rate policy and have positioned the Fund with a neutral duration (i.e. a measure of interest-rate sensitivity) posture. Treasury valuations continue to be unattractive and the Fund is positioned with an underweight to the government sector. In the corporate bond market, we believe that default levels implied by pricing are too high and that valuations are attractive. In addition, technical demand trends are also positive. The Fund is positioned with an overweight to the corporate bond sector. Government initiatives continue to focus on the mortgage sector and we maintain a favorable outlook and modest allocation to agency MBS. Lastly, we believe that consumer ABS will be supported by TALF-related demand. The Fund’s exposure consists primarily of senior classes of consumer ABS including credit card and auto deals.
The equity and fixed income managers will continue to work collaboratively to make decisions regarding portfolio weights in stocks, bonds, and cash. As of June 30, 2009, the Fund’s equity exposure was at 67% compared to 60% in its benchmark and at the upper end of the Fund’s 50-70% range.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    0.3 %
 
Banks
    2.4  
 
Capital Goods
    5.2  
 
Consumer Cyclical
    0.5  
 
Consumer Staples
    0.6  
 
Diversified Financials
    8.1  
 
Energy
    9.9  
 
Finance
    9.8  
 
Food & Staples Retailing
    2.0  
 
Food, Beverage & Tobacco
    3.9  
 
General Obligations
    0.3  
 
Health Care
    0.5  
 
Health Care Equipment & Services
    2.1  
 
Household & Personal Products
    0.6  
 
Insurance
    0.7  
 
Materials
    0.9  
 
Media
    2.5  
 
Pharmaceuticals, Biotechnology & Life Sciences
    6.1  
 
Real Estate
    0.0  
 
Retailing
    4.2  
 
Semiconductors & Semiconductor Equipment
    2.2  
 
Services
    0.3  
 
Software & Services
    4.5  
 
Technology
    1.2  
 
Technology Hardware & Equipment
    7.0  
 
Telecommunication Services
    0.8  
 
Transportation
    2.5  
 
U.S. Government Agencies
    2.4  
 
U.S. Government Securities
    11.2  
 
Utilities
    3.0  
 
Short-Term Investments
    4.1  
 
Other Assets and Liabilities
    0.2  
 
Total
    100.0 %
 
Distribution by Security Type
as of June 30, 2009
         
    Percentage of
Category   Net Assets
 
Asset & Commercial Mortgage Backed Securities
    1.0 %
 
Common Stocks
    66.7  
 
Corporate Bonds: Investment Grade
    13.9  
 
Corporate Bonds: Non-Investment Grade
    0.1  
 
Municipal Bonds
    0.4  
 
U.S. Government Agencies
    2.4  
 
U.S. Government Securities
    11.2  
 
Warrants
    0.0  
 
Short-Term Investments
    4.1  
 
Other Assets and Liabilities
    0.2  
 
Total
    100.0 %
 
         
  3  

 


Table of Contents

Hartford Capital Appreciation HLS Fund inception 4/2/1984
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Capital Appreciation IA
    -30.94 %     1.80 %     5.26 %
 
Capital Appreciation IB
    -31.12 %     1.55 %     5.02 %
 
Russell 3000 Index
    -26.56 %     -1.84 %     -1.46 %
 
S&P 500 Index
    -26.21 %     -2.24 %     -2.22 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
             
Saul J. Pannell, CFA
  Mario E. Abularach, CFA, CMT   Jeffrey L. Kripke   David W. Palmer, CFA
Senior Vice President, Partner
  Vice President   Vice President   Vice President
Nicolas M. Choumenkovitch
  Peter I. Higgins, CFA   Paul E. Marrkand, CFA    
Senior Vice President
  Senior Vice President   Senior Vice President    
 
How did the Fund perform?
The Class IA shares of the Hartford Capital Appreciation HLS Fund returned 15.49% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 3000 Index, which returned 4.19% for the same period. The Fund also outperformed the 6.83% return of the average fund in the Lipper Multi-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Broad U.S. equity markets rose slightly during the period, but this overall performance masks two significantly different market environments. From the beginning of November through early March, stocks fell sharply reflecting deepening economic worries and concerns over the U.S. government’s increasing involvement in the economy. From early March through June, stocks rallied as investors came to believe that a Depression-like scenario was less likely. Equity markets as measured by the Russell 3000 Index returned 4.2% during the period, although returns to sectors within the index varied widely. Information Technology (+25%), Materials (+15%), and Consumer Discretionary (+13%) posted the largest gains. Financials (-6%), Industrials (-5%), and Telecommunication Services (-2%) experienced the largest losses.
The Fund outperformed its benchmark primarily due to stock selection. Selection was strongest in Energy, Financials, Consumer Discretionary, and Health Care, and weakest in Industrials, Telecommunication Services, and Utilities. Allocation among sectors, a result of the bottom-up stock selection process, also aided relative (i.e. performance of the Fund as measured against the benchmark) performance, largely due to an underweight (i.e. the Fund’s sector position was less than the benchmark position) position in Consumer Staples.
         
  4  

 


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Ford (Consumer Discretionary), Goldman Sachs (Financials), and Schering-Plough (Health Care) were among the top contributors to relative and absolute (i.e. total return) returns. Shares of automobile and truck manufacturer Ford rose as the firm reported sequential sales improvements and as the GM bankruptcy filing was viewed as a positive for the company. Shares in U.S. bank holding company and investment bank Goldman Sachs rose due in part to high levels of new stock offerings for underwriters. Shares of Schering-Plough, a global health care company with pharmaceutical, animal health, and consumer products, jumped after it announced a definitive merger agreement with Merck.
The largest detractors from relative returns were ACE (Financials), Apple (Information Technology), Citigroup (Financials), and Delta Airlines (Industrials). Shares of worldwide property and casualty insurance and reinsurance provider ACE fell on concerns about the impact of various government programs on the firm and falling book value. Being underweight consumer electronics company Apple also detracted from benchmark-relative returns. Apple’s share price rose due to expectations of higher earnings estimates from the new iPhone launch and a lower price point on the existing iPhone. Shares of global financial services firm Citigroup fell as fears mounted that the company would require additional capital from the government. Shares in Delta Airlines fell amid a weak economic environment and lower passenger traffic and revenues. Industrial and financial conglomerate General Electric was also a top detractor from absolute results.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
In this environment we continue to focus our efforts on stock-by-stock fundamental research. These bottom-up investment decisions have resulted in overweight (i.e. the Fund’s sector position was greater than the benchmark position) positions in the Health Care, Consumer Discretionary, and Financials sectors and underweight exposures to Consumer Staples, Utilities, and Telecommunication Services relative to the Russell 3000 Index. The Fund’s largest absolute positions were in the Health Care, Information Technology, and Financials sectors.
As of June 30, 2009, Saul Pannell managed approximately 56% of the Fund’s net assets.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    2.9 %
 
Banks
    4.0  
 
Capital Goods
    7.0  
 
Commercial & Professional Services
    0.2  
 
Consumer Durables & Apparel
    1.1  
 
Consumer Services
    1.2  
 
Diversified Financials
    7.5  
 
Energy
    12.3  
 
Finance
    0.5  
 
Food & Staples Retailing
    0.5  
 
Food, Beverage & Tobacco
    2.0  
 
Health Care Equipment & Services
    6.7  
 
Household & Personal Products
    0.5  
 
Insurance
    3.8  
 
Materials
    5.1  
 
Media
    2.7  
 
Other Investment Pools and Funds
    0.5  
 
Pharmaceuticals, Biotechnology & Life Sciences
    12.6  
 
Real Estate
    0.7  
 
Retailing
    3.9  
 
Semiconductors & Semiconductor Equipment
    1.6  
 
Software & Services
    6.8  
 
Technology
    0.0  
 
Technology Hardware & Equipment
    9.6  
 
Telecommunication Services
    1.9  
 
Transportation
    1.9  
 
Utilities
    0.8  
 
Short-Term Investments
    1.8  
 
Other Assets and Liabilities
    (0.1 )
 
Total
    100.0 %
 
         
  5  

 


Table of Contents

Hartford Disciplined Equity HLS Fund inception 5/29/1998
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Disciplined Equity IA
    -25.06 %     -1.96 %     -1.66 %
 
Disciplined Equity IB
    -25.25 %     -2.20 %     -1.89 %
 
S&P 500 Index
    -26.21 %     -2.24 %     -2.22 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
     
James A. Rullo, CFA
  Mammen Chally, CFA
Senior Vice President, Partner
  Vice President
 
How did the Fund perform?
The Class IA shares of the Hartford Disciplined Equity HLS Fund returned 4.81% for the six-month period ended June 30, 2009, outperforming its benchmark, the S&P 500, which returned 3.16% for the same period. The Fund underperformed the 5.23% return of the average fund in the Lipper Large-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence. Within the S&P 500 Index, the Information Technology (+24.9%), Materials (+13.5%), and Consumer Discretionary (+8.7%) sectors posted the largest gains. Industrials (-6.0%), Telecommunication Services
(-3.9%), and Financials (-3.3%) experienced the largest losses.
The Fund’s relative (i.e. performance of the Fund as measured against the benchmark) outperformance was due largely to stock selection, particularly in the Energy, Financials, and Industrials sectors. This more than offset weaker stock selection in the Information Technology sector. Sector allocation, a fallout of the bottom-up (i.e. stock by stock fundamental research) stock selection process, also proved beneficial. The Fund benefited from an overweight (i.e. the Fund’s sector position was greater than the benchmark position) to Information Technology, and underweights (i.e. the Fund’s sector position was less than the benchmark position) to Industrials and Energy, although overweights to Health Care and Utilities detracted from relative results.
Top contributors to relative performance during the period were Wells Fargo (Financials), and Exxon Mobil (Energy). Wells Fargo rose during the second quarter of 2009 as a capital raise helped to secure the company’s financial position and allowed investors to focus on the company’s future earnings power. We added to our position on weakness in the first quarter and
         
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trimmed into strength during the second quarter. Shares of Exxon Mobil, the world’s largest publicly traded oil company, underperformed the broader Energy sector as the global economy stabilized and investors emphasized companies with greater leverage to rising oil prices. Our significant underweight position in the stock contributed to relative performance. Relative performance also benefited from not owning General Electric, shares of which fell during the period, as the company cut its dividend and raised loss estimates. Other top absolute (i.e. total return) contributors included Apple (Information Technology) and Schering-Plough (Health Care).
The largest detractors from relative performance were PNC Financial Services (Financials), FirstEnergy (Utilities), and Eli Lilly (Health Care). Shares of banking, asset management, and funds processing services company PNC Financial Services fell on capital adequacy concerns. Shares of FirstEnergy declined, despite a successful Ohio utility rate settlement, because of plummeting industrial demand and much lower-than-expected market prices for their generation assets. Shares of Eli Lilly, a pharmaceutical product developer and manufacturer, fell as investors grew concerned about longer term earnings power following certain patent expirations, as well as concerns that new health care legislation will include price controls which would negatively impact the company’s profits. Other top absolute detractors included General Mills (Consumer Staples) and Amgen (Health Care.)
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
The Fund focuses on stock selection as the key driver of returns and uses proprietary fundamental and quantitative research in a disciplined framework to build a portfolio of the most attractive stocks. Sector exposures are residuals from this bottom-up stock selection process. Based on individual stock decisions, the Fund ended the period most overweight the Health Care, Utilities, and Financials sectors and most underweight the Energy, Consumer Discretionary, and Consumer Staples sectors. Our largest absolute exposure was in the Health Care sector. We also increased our exposure to the Industrials sector during the period.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    0.6 %
 
Banks
    4.3  
 
Capital Goods
    6.8  
 
Commercial & Professional Services
    0.5  
 
Consumer Services
    1.3  
 
Diversified Financials
    4.0  
 
Energy
    8.8  
 
Food & Staples Retailing
    3.5  
 
Food, Beverage & Tobacco
    6.5  
 
Health Care Equipment & Services
    4.1  
 
Insurance
    5.1  
 
Materials
    2.1  
 
Pharmaceuticals, Biotechnology & Life Sciences
    16.0  
 
Real Estate
    0.9  
 
Retailing
    5.0  
 
Semiconductors & Semiconductor Equipment
    2.5  
 
Software & Services
    9.3  
 
Technology Hardware & Equipment
    7.2  
 
Telecommunication Services
    2.2  
 
Transportation
    1.4  
 
Utilities
    6.9  
 
Short-Term Investments
    0.1  
 
Other Assets and Liabilities
    0.9  
 
Total
    100.0 %
 
         
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Table of Contents

Hartford Dividend and Growth HLS Fund inception 3/9/1994
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks a high level of current income consistent with growth of capital.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Dividend and Growth IA
    -23.75 %     0.96 %     2.05 %
 
Dividend and Growth IB
    -23.94 %     0.70 %     1.82 %
 
Russell 1000 Value Index
    -29.03 %     -2.13 %     -0.15 %
 
S&P 500 Index
    -26.21 %     -2.24 %     -2.22 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Edward P. Bousa, CFA
Senior Vice President, Partner
 
How did the Fund perform?
The Class IA shares of the Hartford Dividend and Growth HLS Fund returned 2.70% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P 500 Index, which returned 3.16% for the same period. The Fund outperformed the 0.30% return of the average fund in the Lipper Equity Income VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. Overall equity market performance was positive for the period across all market capitalizations. Mid cap stocks (+8.5%) outperformed large caps (+3.2%) and small caps +(2.6%), as represented by the S&P MidCap 400, S&P 500, and Russell 2000 indices respectively. Four of the ten broad sectors within the S&P 500 Index posted positive returns led by Information Technology (+25%) and Materials (+14%). The worst performing sectors were Industrials (-6%) and Telecommunication Services (-4%).
The Fund’s underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the S&P 500 Index was due to sector allocation. Specifically, our underweight (i.e. the Fund’s sector position was less than the benchmark position) allocations to the strong-performing Information Technology and Consumer Discretionary sectors and our overweight (i.e. the Fund’s sector position was greater than the benchmark position) position in the weaker performing Energy sector detracted. Favorable stock selection in Health Care, Energy, and Financials, more than offset weaker stock selection in the Information Technology and Telecommunication Services sectors.
Detractors from benchmark-relative performance included Apple (Information Technology), Bank of America (Financials), and Capital One (Financials). Consumer electronics company Apple performed well during the period despite slowing consumer
         
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trends. The Fund did not hold shares in the company which hurt relative performance, as did not holding shares in Google and QUALCOMM. Shares of diversified banking company Bank of America fell significantly on weakness in their consumer-oriented loan portfolio and due to difficulties surrounding their acquisition of Merrill Lynch. Capital One, a diversified banking company with credit card, automobile, and commercial lending operations, announced disappointing quarterly results and forecast higher credit losses in 2009. The market for Financials has been difficult, especially for credit card stocks, which faced heightened regulatory scrutiny over rates, fees, and credit lines. We exited our position in Capital One during the period. General Electric (Industrials) was among the top detractors from absolute (i.e. total return) performance.
The Fund’s top contributors to benchmark-relative performance during the period were Schering-Plough (Health Care), Wells Fargo (Financials), and Exxon Mobil (Energy). Pharmaceutical company Schering-Plough benefited from a takeout offer by Merck, driving the share price higher. As shares of U.S. bank Wells Fargo declined throughout late 2008 and early 2009, we were able to purchase the stock at attractive prices. Our underweight position in benchmark component Exxon Mobil contributed to relative performance, as shares of this global integrated oil company fell in response to declining oil prices amid economic weakness. IBM (Information Technology) and Morgan Stanley (Financials) were top among the contributors to absolute performance.
What is the outlook?
We see encouraging economic green shoots globally and expect to see the beginnings of a fairly synchronized global recovery later this year. We believe Asia will likely lead the upturn, spurred by aggressive policies implemented in China. Looking out into 2010, we are worried that there will be renewed cyclical setbacks caused by financial sector and household de-leveraging in the U.S. and Europe, as well as fading policy stimulus. We expect inflation to remain in check over this time period, though uncertainty over the inflationary consequences of the existing large monetary overhang will linger.
Our investment discipline is focused on investing in areas of strong demand and avoiding areas of oversupply. At the end of the period Energy remained our largest overweight in the Fund. The sector remains attractive based upon restricted supply at lower prices and a possible global economic rebound. Financials, still a challenging area, started to stabilize during the quarter and we are now overweight the sector. We maintained our underweight to Consumer Staples, where valuations have become stretched as investors have sought defensive stocks in a down market.
At the end of the period, our largest overweights were to the Energy, Financials, and Industrials sectors, while we remained underweight the Information Technology, Consumer Discretionary, and Consumer Staples sectors.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    0.4 %
 
Banks
    4.4  
 
Capital Goods
    8.6  
 
Commercial & Professional Services
    1.6  
 
Diversified Financials
    6.3  
 
Energy
    17.1  
 
Food & Staples Retailing
    1.8  
 
Food, Beverage & Tobacco
    5.0  
 
Health Care Equipment & Services
    3.6  
 
Household & Personal Products
    2.3  
 
Insurance
    5.1  
 
Materials
    3.6  
 
Media
    2.5  
 
Pharmaceuticals, Biotechnology & Life Sciences
    12.2  
 
Retailing
    2.1  
 
Semiconductors & Semiconductor Equipment
    0.8  
 
Software & Services
    3.4  
 
Technology Hardware & Equipment
    5.7  
 
Telecommunication Services
    5.1  
 
Transportation
    1.4  
 
Utilities
    5.8  
 
Short-Term Investments
    1.2  
 
Other Assets and Liabilities
     
 
Total
    100.0 %
 
         
  9  

 


Table of Contents

Hartford Equity Income HLS Fund inception 10/31/2003
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 10/31/03 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks a high level of current income
consistent with growth of capital.
Average Annual Returns (as of 6/30/09)
                         
    1 Year   5 Year   Since Inception
 
Equity Income IA
    -21.26 %     0.47 %     1.79 %
 
Equity Income IB
    -21.45 %     0.22 %     1.54 %
 
Russell 1000 Value Index
    -29.03 %     -2.13 %     0.08 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
         
W. Michael Reckmeyer, III, CFA
  Karen H. Grimes, CFA   Ian R. Link, CFA
Senior Vice President
  Senior Vice President   Vice President
 
How did the Fund perform?
The Class IA shares of the Hartford Equity Income HLS Fund returned -2.67% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 1000 Value Index, which returned -2.87% for the same period. The Fund underperformed the 0.30% return of the average fund in the Lipper Equity Income Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Broad U.S. equity markets fell during the period, but this overall decline masks two significantly different market environments. From January through early March, stocks fell sharply, reflecting deepening economic worries and concerns over the U.S. government’s increasing involvement in the economy. Beginning in early March, stocks rallied as investors came to believe that a Depression-like scenario was less likely. Sector returns within the Russell 1000 Value Index diverged widely in this environment, with weakness in Industrials (-13%), Energy
(-7%) and Financials (-6%), overshadowing strength in Information Technology (+22%), Materials (+15%), and Consumer Discretionary (+9%).
The Fund outperformed its benchmark due to positive stock selection. Selection was particularly strong within Consumer Staples, Industrials, and Energy, with weaker results in Consumer Discretionary, Financials, and Materials. Allocation among sectors, a fall-out of the bottom-up stock selection process, was essentially neutral during the period.
Among the top contributors to benchmark-relative (i.e. performance of the Fund as measured against the benchmark) returns were Microsoft (Information Technology), Nordstrom (Consumer Discretionary), and Citigroup (Financials). Shares of global technology company Microsoft gained when the company announced a quarterly profit drop that was less negative than feared. Nordstrom, an upscale retailer, saw its shares rise on hopes that the economic downturn may be less steep than previously expected. We did not own the downward-trending shares of Citigroup during the period, which benefited relative results as the company is a significant benchmark holding. Top absolute (i.e. total return) contributors for the period also included banking firm Goldman Sachs (Financials).
Bank of America (Financials), ACE (Financials), and Morgan Stanley (Financials) detracted most from relative returns. Shares of diversified bank holding company Bank of America gained on
         
  10  

 


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completion of capital raisings, which helped improve confidence in the firm’s balance sheet. We eliminated our position in Bank of America early in the period, then reinstituted a smaller, underweight (i.e. the Fund’s sector position was less than the benchmark position) position later in the period, which detracted from relative returns as the stock rallied off its lows. Worldwide property/casualty insurance and reinsurance provider ACE saw its shares decline on concerns about falling book value. Shares of global financial services company Morgan Stanley rallied as investment banks benefited from increased volumes and higher profit margins. Relative performance was negatively impacted by not holding a position in Morgan Stanley. Stocks that detracted most from absolute returns included industrial and financial company General Electric (Industrials) and banking firms U.S. Bancorp and Wells Fargo (Financials).
What is the outlook?
As the deterioration in macroeconomic data began to moderate during the first half of the year, investors removed the worst- case Depression scenario from their outlook, propelling stocks higher. Government intervention has helped to stabilize the financial industry, resulting in tightening (i.e. short and long term interest rates moving closer together) credit spreads and greater flexibility for companies to raise both debt and equity financing. While indications of demand side strength remain muted, a pick-up in industrial equipment rental activity in the U.S. and growth from emerging markets provide early indications that demand declines may be moderating. However, rising unemployment and falling home prices foreshadow continued economic challenges ahead. In addition, the current recession is based on a financial contraction, whereas many prior, and shorter, contractions had an imbalance of aggregate supply and demand as their primary source. As our economic system is built on credit, the ultimate path to recovery remains unclear.
In this environment we continue to apply our time-tested philosophy focused on building a portfolio in which expected growth and the dividend yield are better than the market and valuations are lower than the market. Based on bottom-up stock decisions, we ended the period most overweight (i.e. the Fund’s sector position was greater than the benchmark position) the Consumer Staples, Information Technology, and Industrials sectors; our largest underweights were in the Energy, Telecommunications Services, and Financials sectors.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Banks
    6.4 %
 
Capital Goods
    7.6  
 
Commercial & Professional Services
    3.2  
 
Consumer Durables & Apparel
    2.5  
 
Diversified Financials
    8.2  
 
Energy
    15.9  
 
Food & Staples Retailing
    0.8  
 
Food, Beverage & Tobacco
    8.7  
 
Household & Personal Products
    1.9  
 
Insurance
    6.5  
 
Materials
    2.9  
 
Pharmaceuticals, Biotechnology & Life Sciences
    10.6  
 
Real Estate
    0.4  
 
Retailing
    6.0  
 
Semiconductors & Semiconductor Equipment
    2.7  
 
Software & Services
    3.5  
 
Telecommunication Services
    4.2  
 
Utilities
    7.4  
 
Short-Term Investments
    1.0  
 
Other Assets and Liabilities
    (0.4 )
 
Total
    100.0 %
 
         
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Table of Contents

Hartford Fundamental Growth HLS Fund inception 4/30/2001
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   Since Inception
 
Fundamental Growth IA
    -29.78 %     -1.38 %   -0.69%
 
Fundamental Growth IB
    -29.95 %     -1.63 %   -0.93%
 
Russell 1000 Growth Index
    -24.50 %     -1.83 %   -2.95%
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Francis J. Boggan, CFA
Senior Vice President, Partner
 
How did the Fund perform?
The Class IA shares of the Hartford Fundamental Growth HLS Fund returned 11.67% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 1000 Growth Index, which returned 11.53% for the same period. The Fund underperformed the 12.22% return of the average fund in the Lipper Large-Cap Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun and reacted positively to the efforts of many companies to trim their cost structures and realign their operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed their larger cap (+3.2%) and smaller cap (+2.6%) counterparts as measured by the S&P MidCap 400, S&P 500, and Russell 2000 Indexes, respectively. The change in sentiment provided a tailwind for growth stocks (+11.5%) while value stocks (-2.9%) declined, as measured by the Russell 1000 Growth and Russell 1000 Value Indexes, respectively. Nine of the ten sectors in the Russell 1000 Growth Index had positive returns during the period. The Information Technology (+24.5%), Materials (+15.3%), and Energy (+14.3%) sectors performed best, while Consumer Staples (-0.2%) was the only sector to register a loss.
Security selection detracted from relative (i.e. performance of the Fund as measured against the benchmark) performance during the period, while sector allocation positively contributed to results. Strong stock selection in Energy and Industrials was more than offset by weak selection within Health Care, Telecommunication Services, and Consumer Discretionary. An underweight (i.e. the Fund’s sector position was less than the benchmark position) to Consumer Staples and Industrials and an overweight (i.e. the Fund’s sector position was greater than the benchmark position) to Information Technology aided relative results.
         
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The three largest contributors to relative performance were Energy holdings Atwood Oceanics, Petrol Brasileiros, and National-Oilwell. Shares of Atwood Oceanics, a provider of offshore drilling services, increased on a rebound in oil prices and improved expectations for rig day rates. The company also reported better-than-expected fiscal second quarter results, beating estimates on both the top and bottom line. Shares of Petrol Brasileiros, a Brazil-based oil and gas exploration and production company, rose after the company reported solid results aided by reduced costs and strong refining earnings. Oilfield services company National-Oilwell’s shares benefited from rising oil prices as investors became increasingly optimistic that the global economy is gaining strength, which may lead to increased demand for drilling. Holdings in consumer electronics company Apple (Information Technology) and leading glass technology company Corning (Information Technology) were also among the top contributors to absolute (i.e. total return) performance.
Top detractors from relative performance during the period included AFLAC (Financials), AT&T (Telecommunication Services) and Barrick Gold (Materials). Insurance company AFLAC’s share price suffered early in the year amid concerns of further deterioration in global financial markets and the company’s investment exposure to global financial institutions. The stock recouped some of its losses later in the period as the company’s cash flow generation and improving asset yields helped to offset concerns surrounding its investment portfolio. U.S. Telecom company AT&T’s shares declined during the period. The company faces increased competition in the low end wireless market and regulation may be more challenging under the new Administration. Shares of Barrick Gold, a mining company focused primarily on the production and sale of gold, declined amid moderating gold prices, as signs of a stabilizing economy weakened investor demand for the safe haven precious metal. Digital wireless communication services provider NII Holdings (Telecommunication Services) and biotechnology company Amgen (Health Care) also detracted from the Fund’s absolute performance.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and consumer spending is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
In this environment we continue to focus our efforts on stock-by-stock fundamental research to construct a diversified portfolio of high-quality growth companies with attractive valuations. As a result of this bottom-up process, we were most overweight the Information Technology sector at the end of the period. We were also overweight the Energy and the Consumer Discretionary sectors. Within Energy we continue to see strong long-term industry fundamentals, solid growth opportunities, and attractive valuations. Within Consumer Discretionary we are beginning to see signs of economic stabilization. At the end of the period we are most underweight Consumer Staples as we believe the sector provides limited opportunities for growth relative to companies in other sectors.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Capital Goods
    9.3 %
 
Consumer Durables & Apparel
    3.6  
 
Consumer Services
    1.3  
 
Diversified Financials
    2.5  
 
Energy
    8.9  
 
Food & Staples Retailing
    4.0  
 
Food, Beverage & Tobacco
    1.7  
 
Health Care Equipment & Services
    5.4  
 
Household & Personal Products
    1.5  
 
Insurance
    3.6  
 
Materials
    0.5  
 
Media
    0.9  
 
Pharmaceuticals, Biotechnology & Life Sciences
    8.9  
 
Retailing
    6.5  
 
Semiconductors & Semiconductor Equipment
    3.7  
 
Software & Services
    16.7  
 
Technology Hardware & Equipment
    18.6  
 
Transportation
    1.5  
 
Short-Term Investments
    0.7  
 
Other Assets and Liabilities
    0.2  
 
Total
    100.0 %
 
         
  13  

 


Table of Contents

Hartford Global Advisers HLS Fund inception 3/1/1995
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Barclays Capital Global Aggregate Index USD Hedged provides a broad-based measure of the global investment-grade fixed income markets (the three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices; it also includes Eurodollar and Euro-Yen corporate bonds, Canadian Government securities, and USD investment grade 144A securities).
MSCI World Growth Index is a broad-based unmanaged market capitalization-weighted total return index which measures the performance of growth securities in 23 developed-country global equity markets including the U.S., Canada, Europe, Australia, New Zealand and the Far East.
Investment goal — Seeks maximum long-term total rate of return.
Average Annual Returns(2,3) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Global Advisers IA
    -22.11 %     -0.10 %     1.82 %
 
Global Advisers IB
    -22.30 %     -0.35 %     1.58 %
 
Barclays Capital Global Aggregate Index USD Hedged
    7.05 %     5.20 %     5.61 %
 
MSCI World Growth Index
    -30.59 %     0.42 %     -1.93 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Class IB shares commenced on November 9, 1999. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
 
(3)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
         
Matthew D. Hudson, CFA
  Robert L. Evans   Evan S. Grace, CFA
Vice President and Equity
  SeniorVice President, Partner, and Fixed   Vice President and Director of
Portfolio Manager
  Income Portfolio Manager   Asset Allocation Research
Andrew S. Offit, CPA
  Jean-Marc Berteaux    
Senior Vice President, Partner
  Senior Vice President, Partner    
 
How did the Fund perform?
The Class IA shares of the Hartford Global Advisers Fund returned 6.56%, for the six-month period ended June 30, 2009, versus the returns of 9.44% for the MSCI World Growth Index, 1.50% for the Barclays Capital Global Aggregate Index USD Hedged and 5.95% for the average fund in the Lipper Global Flexible Portfolio VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Capital markets were volatile during the six-month period ended June 30, 2009. The MSCI World Growth Index returned 9.4% over the six months. However, during the first part of the period global equities declined significantly amid increasing signs of a deeper and more protracted recession. They then rebounded in the second part of the period as governments around the world increased their involvement to help mitigate the financial crisis. Some encouraging economic data added fuel to the recovery.
         
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Performance among sectors varied considerably as Materials, Information Technology, Energy, and Financials posted double-digit positive returns, while Utilities posted negative results for the six-month period.
As the global economy demonstrated signs of stabilization, non-Treasury fixed income markets rebounded. After struggling through the closing months of 2008, non-Treasury sectors led the way during the first half of 2009. Risk appetite picked up sharply and lower-quality market segments performed particularly well. Treasuries lagged in this environment as global rates rose and yield curves generally steepened (i.e. short and long term interest rates moving farther apart). Long rates moved meaningfully higher, while shorter-term issues were anchored by exceptionally low policy rates. Buoyed by the strong performance of non-government debt, the Barclay’s Capital Global Aggregate Index USD Hedged returned 1.5% for the period.
The Fund outperformed its benchmark primarily due to strong relative (i.e. performance of the Fund as measured against the benchmark) returns in the fixed income portion of the Fund, largely as a result of strong performance within our credit strategies. The equity portion of the Fund performed roughly in line with the MSCI World Growth Index. Asset allocation among equities, bonds, and cash had only a minimal impact on relative performance during the period.
Within the equity portion of the Fund, security selection was positive in Health Care, Financials, and Consumer Staples. This was largely offset by weaker selection in Industrials, Consumer Discretionary, and Materials. Sector allocation, which is a residual of bottom-up security selection was essentially neutral; underweights (i.e. the Fund’s sector position was less than the benchmark position) to Utilities and Consumer Staples were offset by the Fund’s overweights (i.e. the Fund’s sector position was greater than the benchmark position) to Health Care and Telecommunication Services.
Goldman Sachs (Financials), Seadrill (Energy), and Prudential Financial (Financials) were the leading contributors to relative performance in the equity portion of the Fund during the period. Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Shares of Seadrill, an offshore drilling company, moved sharply higher amid rising oil prices and as the company reported better-than-expected operating profits. Prudential Financial, a leading diversified financial services company, benefited as investors gained confidence that the worst of the financial crisis was behind the company. Shares rose after the firm reported better-than-expected first quarter earnings despite continued investment losses. Other significant contributors to absolute (i.e. total return) returns in the equity portion of the Fund included Apple (Information Technology) and BHP Billiton (Materials).
The top detractors from relative performance of the equity portion of the Fund were Wells Fargo (Financials), SunPower (Industrials), and Las Vegas Sands (Consumer Discretionary). Diversified financial services company Wells Fargo saw its shares fall sharply as investors became concerned about the potential negative impact of the Wachovia acquisition on the company’s balance sheet. Shares of solar panel manufacturer SunPower moved lower after solar-sector peer First Solar commented on the potential risk of oversupply in the market. Shares of Las Vegas Sands, a developer and operator of hotel, gaming, and resort businesses, fell due to disappointing earnings and concerns that the company’s balance sheet was overstretched. Nintendo (Information Technology) also detracted from absolute and relative returns.
The fixed income portion of the Fund outperformed its benchmark for the period. The portfolio generated positive results among its credit and country strategies, while yield curve strategies were neutral and duration (i.e. a measure of interest-rate sensitivity) and currency strategies detracted. Credit strategies represented the primary contribution to results during the period as these sectors performed particularly well in the second quarter, after beginning the year on a challenging note. Favorable security selection among corporates and positioning among MBS and CMBS aided results. Positioning in CMBS was particularly favorable in April, while MBS outperformed in May. Country strategies also provided a positive contribution to results, albeit more modest, as long duration positions in Germany, adopted versus the U.S., aided results in the second-quarter, after lagging in the opening months of the year. Duration strategies detracted during the period as long positions in Japanese inflation-linked debt weighed on results. Currency positioning, primarily a short position in the New Zealand dollar, also negatively impacted performance.
What is the outlook?
We believe that government action is, in small increments, helping to reduce the probability of a worst-case outcome for the economy. Against this backdrop, we continue to seek globally competitive growth companies within growing sectors in the equity portion of the Fund. At the end of the period, our stock-by-stock investment process resulted in greater-than-benchmark weights in Telecommunication Services, Health Care, Financials, Energy, and Information Technology in the equity portion of the Fund. The Fund held less-than-benchmark weights in Materials, Industrials, Utilities, Consumer Discretionary, and Consumer Staples names.
Our outlook for global bond markets continues to be driven by our assessment of the U.S. economic slowdown and the state of the global economic cycle. A deep, global recession is underway, but some signs of improvement have begun to surface, particularly
         
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within readings on industrial production. Inflationary pressures have moderated significantly and remain low as a result of the significant output gap that has developed. Global policy responses have been unprecedented as central banks and governments remain focused on the global weakening growth conditions and protecting the financial system. The U.S. remains mired in a deep recession, but there have been some recent initial signs of improvement in housing and manufacturing. In Europe, new orders are stabilizing, providing an indication that economic activity may improve in the months ahead. The U.K. economy has shown some early signs that the pace of contraction is moderating, as housing transactions have increased and the near-term outlook for retail sales has improved at the margin. Overall, while the global economy continues to contract, initial modest signs of an easing in the pace of deterioration have emerged.
From an asset allocation standpoint, the Fund ended the period with a small overweight to equities and fixed income and an underweight to cash.
Diversification by Country
as of June 30, 2009
         
    Percentage of
Country   Net Assets
 
Australia
    1.7 %
 
Belgium
    0.1  
 
Brazil
    2.0  
 
Canada
    3.0  
 
China
    0.5  
 
Denmark
    1.4  
 
Finland
    0.0  
 
France
    2.2  
 
Germany
    6.1  
 
Hong Kong
    0.6  
 
Ireland
    0.1  
 
Israel
    1.1  
 
Italy
    0.5  
 
Japan
    8.8  
 
Luxembourg
    0.6  
 
Malaysia
    0.0  
 
Mexico
    0.1  
 
Netherlands
    1.6  
 
Norway
    0.9  
 
Poland
    0.1  
 
Singapore
    0.7  
 
South Africa
    0.1  
 
Spain
    2.6  
 
Sweden
    0.4  
 
Switzerland
    3.0  
 
Taiwan
    0.6  
 
United Kingdom
    7.2  
 
United States
    52.8  
 
Short-Term Investments
    2.9  
 
Other Assets and Liabilities
    (1.7 )
 
Total
    100.0 %
 
Distribution by Security Type
as of June 30, 2009
         
    Percentage of
Category   Net Assets
 
Asset & Commercial Mortgage Backed Securities
    2.7 %
 
Common Stocks
    63.8  
 
Corporate Bonds: Investment Grade
    23.7  
 
U.S. Government Agencies
    7.5  
 
U.S. Government Securities
    1.1  
 
Short-Term Investments
    2.9  
 
Other Assets and Liabilities
    (1.7 )
 
Total
    100.0 %
 
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    1.4 %
 
Banks
    2.4  
 
Basic Materials
    0.4  
 
Capital Goods
    8.0  
 
Consumer Cyclical
    0.3  
 
Consumer Services
    0.6  
 
Consumer Staples
    1.0  
 
Diversified Financials
    3.5  
 
Energy
    6.6  
 
Finance
    10.5  
 
Food & Staples Retailing
    1.7  
 
Food, Beverage & Tobacco
    2.8  
 
Foreign Governments
    10.1  
 
Health Care
    0.6  
 
Health Care Equipment & Services
    2.8  
 
Household & Personal Products
    1.0  
 
Insurance
    1.6  
 
Materials
    4.9  
 
Media
    1.3  
 
Pharmaceuticals, Biotechnology & Life Sciences
    6.2  
 
Retailing
    3.5  
 
Semiconductors & Semiconductor Equipment
    1.7  
 
Services
    0.4  
 
Software & Services
    4.4  
 
Technology
    2.5  
 
Technology Hardware & Equipment
    5.8  
 
Telecommunication Services
    4.1  
 
U.S. Government Agencies
    7.5  
 
U.S. Government Securities
    1.1  
 
Utilities
    0.1  
 
Short-Term Investments
    2.9  
 
Other Assets and Liabilities
    (1.7 )
 
Total
    100.0 %
 
         
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Hartford Global Equity HLS Fund inception 1/31/2008
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 1/31/08 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
MSCI All Country World Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of developed and emerging markets, including the United States.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                 
    1 Year   Since Inception
 
Global Equity IA
    -28.39 %   -22.23%
 
Global Equity IB
    -28.56 %   -22.42%
 
MSCI All Country World Index
    -28.86 %   -22.77%
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
     
Mark D. Mandel, CFA
  Cheryl M. Duckworth, CFA
Senior Vice President
  Senior Vice President
 
How did the Fund perform?
The Class IA shares of the Hartford Global Equity HLS Fund returned 12.80% for the six-month period ended June 30, 2009, outperforming its benchmark, the MSCI All Country World Index, which returned 9.59% for the same period. The Fund also outperformed the 7.04% return of the average fund in the Lipper Global Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was a volatile one for the equity markets. Global equities declined during the first part of the period amid increasing signs of a deeper and more protracted recession. Markets then rebounded in the second part of the period as governments around the world increased their involvement to help mitigate the financial crisis. Some encouraging economic data added fuel to the recovery. In this environment, sector returns within the MSCI All Country World Index diverged widely for the six-month period ending June 30, 2009. Weakness in Utilities (-4%) and Health Care (-1%) was offset by relative strength in Materials (+26%), Information Technology (+24%), and Consumer Discretionary (+15%).
The Fund’s outperformance versus the benchmark was driven by security selection, which was strongest in Energy, Health Care, Consumer Discretionary, and Materials. Slightly offsetting this was weaker stock selection within the Industrials and Utilities sectors. Sector allocation was modestly additive to benchmark-relative performance due to our underweight (i.e. the Fund’s sector position was less than the benchmark position) exposures to the Financials, Consumer Staples, and Telecommunication Services sectors and our overweight (i.e. the Fund’s sector position was greater than the benchmark position) exposure to the Materials sector.
Top contributors to relative performance during the period included DnB Nor (Financials), Vale (Materials), and Exxon Mobil (Energy). Norway-based bank DnB Nor benefited from an improving capital position, defensive balance sheet, and the relative strength of the Norwegian macro environment. Diversified Brazilian metals and mining company Vale benefited from a rebound in Brazilian iron exports to China and optimism that recent government stimulus announcements will further boost global demand. Shares of Exxon Mobil, the world’s largest publicly traded oil company, underperformed the broader Energy sector as the global economy stabilized and investors emphasized companies with greater leverage to rising oil prices. The Fund’s underweight exposure to Exxon during the period contributed positively to relative
 
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performance. Schering-Plough (Health Care) and Goldman Sachs (Financials) were top contributors to absolute (i.e. total return) performance.
The largest detractors from relative returns were ACE (Financials), Japan Tobacco (Consumer Discretionary), and Citizens Republic Bancorp (Financials). Shares of worldwide property/casualty insurance and reinsurance provider ACE fell on concerns about the impact of various government programs and falling book value. Shares of cigarette and tobacco products company Japan Tobacco fell on pressure from declining domestic tobacco sales volumes and the negative impact from a strong Japanese yen. We eliminated our position during the period. Citizens Republic, a U.S.-based diversified financial services company, suspended its cash dividend and announced a reduction in expected earnings, driving shares lower. Citigroup (Financials) was a top detractor from absolute performance. We exited the position during the period.
What is the outlook?
It is increasingly clear that the U.S. and other global economies are in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and consumer spending is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
In this environment, the Fund ended the period most overweight the Health Care, Consumer Discretionary, and Materials sectors and most underweight the Consumer Staples, Industrials, and Financials sectors. The Fund’s largest absolute weighting was in the Health Care sector.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    1.6 %
 
Banks
    9.5  
 
Capital Goods
    5.0  
 
Commercial & Professional Services
    0.0  
 
Consumer Durables & Apparel
    1.1  
 
Consumer Services
    1.1  
 
Diversified Financials
    4.1  
 
Energy
    11.6  
 
Finance
    0.0  
 
Food & Staples Retailing
    0.5  
 
Food, Beverage & Tobacco
    6.5  
 
Health Care Equipment & Services
    4.4  
 
Household & Personal Products
    0.4  
 
Insurance
    2.5  
 
Materials
    8.0  
 
Media
    1.4  
 
Other Investment Pools and Funds
    0.5  
 
Pharmaceuticals, Biotechnology & Life Sciences
    10.7  
 
Real Estate
    1.7  
 
Retailing
    4.5  
 
Semiconductors & Semiconductor Equipment
    0.9  
 
Software & Services
    5.2  
 
Technology Hardware & Equipment
    5.1  
 
Telecommunication Services
    4.5  
 
Transportation
    2.9  
 
Utilities
    4.4  
 
Short-Term Investments
    1.6  
 
Other Assets and Liabilities
    0.3  
 
Total
    100.0 %
 
Diversification by Country
as of June 30, 2009
         
    Percentage of
Country   Net Assets
 
Australia
    0.5 %
 
Austria
    0.5  
 
Belgium
    0.5  
 
Bermuda
    0.1  
 
Brazil
    3.3  
 
Canada
    5.6  
 
China
    2.0  
 
Denmark
    0.7  
 
France
    3.3  
 
Germany
    2.7  
 
Greece
    0.1  
 
Hong Kong
    1.9  
 
India
    0.7  
 
Indonesia
    0.1  
 
Ireland
    0.5  
 
Israel
    1.3  
 
Italy
    1.0  
 
Japan
    3.5  
 
Luxembourg
    0.7  
 
Malaysia
    0.1  
 
Mauritius
    0.1  
 
Netherlands
    0.8  
 
Norway
    0.9  
 
Panama
    0.1  
 
Russia
    1.3  
 
Singapore
    0.6  
 
South Africa
    0.5  
 
South Korea
    0.6  
 
Spain
    1.1  
 
Sweden
    0.8  
 
Switzerland
    3.1  
 
Taiwan
    0.5  
 
Thailand
    0.5  
 
Turkey
    0.3  
 
United Kingdom
    8.5  
 
United States
    49.3  
 
Short-Term Investments
    1.6  
 
Other Assets and Liabilities
    0.3  
 
Total
    100.0 %
 
 
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Hartford Global Growth HLS Fund inception 9/30/1998
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
MSCI World Growth Index is a broad-based unmanaged market capitalization-weighted total return index which measures the performance of growth securities in 23 developed-country global equity markets including the U.S., Canada, Europe, Australia, New Zealand and the Far East.
Investment goal – Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Global Growth IA
    -39.66 %     -3.88 %     0.16 %
 
Global Growth IB
    -39.81 %     -4.12 %     -0.07 %
 
MSCI World Growth Index
    -30.59 %     0.42 %     -1.93 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
         
Matthew D. Hudson, CFA
  Andrew S. Offit, CPA   Jean-Marc Berteaux
Vice President
  Senior Vice President, Partner   Senior Vice President, Partner
 
How did the Fund perform?
The Class IA shares of the Hartford Global Growth HLS Fund returned 9.29% for the six-month period ended June 30, 2009, underperforming its benchmark, the MSCI World Growth Index, which returned 9.44% for the same period. The Fund underperformed the 13.70% return of the average fund in the Lipper Global Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was a volatile one for the equity markets. Global equities declined during the first part of the period amid increasing signs of a deeper and more protracted recession. Markets then rebounded in the second part of the period as governments around the world increased their involvement to help mitigate the financial crisis. Some encouraging economic data added fuel to the recovery. In this environment, the MSCI World Growth Index (+9.4%) outperformed the MSCI World Value Index (+4.1%). Within the MSCI World Growth Index, nine out of ten sectors posted positive returns. Materials (+23%), Information Technology (+22%), and Energy (+20%) gained the most, while Utilities (-6%) was the only sector to decline. Health Care (0%) and Consumer Staples (0%) also lagged on a relative basis.
Security selection was positive in Health Care, Financials, and Consumer Staples. This was offset by weaker selection in Industrials, Consumer Discretionary, and Materials. Sector allocation, which is a residual of bottom-up security selection, benefited from the Fund’s underweights (i.e. the Fund’s sector position was less than the benchmark position) to Utilities and Consumer Staples, but was hurt by the Fund’s overweights (i.e. the Fund’s sector position was greater than the benchmark position) to Health Care and Telecommunication Services.
Goldman Sachs (Financials), Seadrill (Energy), and Prudential Financial (Financials) were the leading contributors to benchmark-relative performance. Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Shares of Seadrill, an offshore drilling company, moved sharply higher amid rising oil prices and as the company reported better-than-expected operating profits. Prudential
 
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Financial, a leading diversified financial services company, benefited as investors gained confidence that the worst of the financial crisis was behind the company. Shares rose after the firm reported better-than-expected first quarter earnings despite continued investment losses. Other significant contributors to absolute (i.e. total return) return included Apple (Information Technology) and BHP Billiton (Materials).
The top detractors from the Fund’s relative performance were Wells Fargo (Financials), Las Vegas Sands (Consumer Discretionary), and SunPower (Industrials). Diversified financial services company Wells Fargo saw its shares fall sharply as investors became concerned about the potential negative impact of the Wachovia acquisition on the company’s balance sheet. Shares of Las Vegas Sands, a developer and operator of hotel, gaming, and resort businesses, fell due to disappointing earnings and concerns that the company’s balance sheet was overstretched. Shares of solar panel manufacturer SunPower moved lower after solar-sector peer First Solar commented on the potential risk of oversupply in the market. Nintendo (Information Technology) also detracted from absolute and relative returns.
What is the outlook?
We believe that government action is, in small increments, helping to reduce the probability of a worst-case outcome for the economy. Against this backdrop, we continue to seek globally competitive growth companies within growing sectors.
Portfolio construction is a bottom-up process based on intensive company research. Allocations among sectors are the result of individual stock decisions. At the end of the period, our stock-by-stock investment process resulted in greater-than-benchmark weights in Telecommunication Services, Financials, and Industrials stocks. The Fund held below-benchmark weights in Consumer Staples, Utilities, and Information Technology names. While still underweight relative to the benchmark, exposure to Consumer Discretionary increased during the period through purchases of high quality retailers, including Gap, and auto companies, including Nissan and Daimler, as we are beginning to see signs of an improving economy. Telecommunication Services was the Fund’s largest overweight as of June 30, with significant positions in wireless communications service provider MetroPCS and wireless communication infrastructure company American Tower.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    2.1 %
 
Banks
    3.6  
 
Capital Goods
    12.1  
 
Consumer Services
    0.9  
 
Diversified Financials
    5.4  
 
Energy
    9.5  
 
Food & Staples Retailing
    2.7  
 
Food, Beverage & Tobacco
    4.3  
 
Health Care Equipment & Services
    4.3  
 
Household & Personal Products
    1.6  
 
Insurance
    2.5  
 
Materials
    7.4  
 
Media
    1.9  
 
Pharmaceuticals, Biotechnology & Life Sciences
    9.9  
 
Retailing
    5.4  
 
Semiconductors & Semiconductor Equipment
    2.6  
 
Software & Services
    6.8  
 
Technology Hardware & Equipment
    8.9  
 
Telecommunication Services
    6.3  
 
Short-Term Investments
    1.7  
 
Other Assets and Liabilities
    0.1  
 
Total
    100.0 %
 
Diversification by Country
as of June 30, 2009
         
    Percentage of
Country   Net Assets
 
Australia
    1.0 %
 
Brazil
    2.4  
 
Canada
    3.6  
 
China
    0.7  
 
Denmark
    2.1  
 
Germany
    6.0  
 
Hong Kong
    1.0  
 
Israel
    1.7  
 
Japan
    5.3  
 
Netherlands
    1.2  
 
Norway
    0.5  
 
Spain
    3.6  
 
Switzerland
    4.4  
 
Taiwan
    0.9  
 
United Kingdom
    9.8  
 
United States
    54.0  
 
Short-Term Investments
    1.7  
 
Other Assets and Liabilities
    0.1  
 
Total
    100.0 %
 
 
  20  

 


Table of Contents

Hartford Global Health HLS Fund inception 5/1/2000
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 5/01/00 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
S&P North American Health Care Sector Index is a modified capitalization-weighted index based on United States headquartered health care companies. Stocks in the index are weighted such that each stock is no more than 7.5% of the market capitalization as of the most recent reconstitution date. The companies included in the index must be common stocks and be traded on the American Stock Exchange, Nasdaq or the New York Stock Exchange and meet certain established market capitalization levels.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   Since Inception
 
Global Health IA
    -17.50 %     1.42 %   7.10%
 
Global Health IB
    -17.70 %     1.17 %   6.85%
 
S&P 500 Index
    -26.21 %     -2.24 %   -3.12%*
 
S&P North American Health Care Sector Index
    -10.69 %     0.32 %   1.83%*
 
* Return is from 4/30/00
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
             
Jean M. Hynes, CFA
  Ann C. Gallo   Kirk J. Mayer, CFA   Robert L. Deresiewicz
Senior Vice President, Partner,
  Senior Vice President, Partner,   Senior Vice President,   Vice President,
Global Industry Analyst
  Global Industry Analyst   Global Industry Analyst   Global Industry Analyst
 
How did the Fund perform?
The Class IA shares of the Hartford Global Health HLS Fund returned 1.40% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P North American Health Care Sector Index, which returned 2.49% for the same period. The Fund also underperformed the 5.09% return of the average fund in the Lipper Health and Biotechnology VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Broad U.S. equity markets rose slightly during the period, but this overall performance masks two significantly different market environments. From the beginning of November through early March, stocks fell sharply, reflecting deepening economic worries and concerns over the U.S. government’s increasing involvement in the economy. From early March through May, stocks rallied as investors came to believe that a Depression-like scenario was less likely. Health Care stocks, as measured by the S&P North American Health Care Sector Index, returned 2%, underperforming the broader U.S. market, which returned 3%, as measured by the S&P 500 Index, and the world market return of 7%, as measured by the MSCI World Index. Within the S&P North American Health Care Sector Index, three out of the four sub-sectors posted positive returns. Health Services (+8%) and Medical Products (+5%) performed well. Specialty Pharmaceuticals/Biotechnology (+1%) and Pharmaceuticals (-1%) underperformed relative to the other sub-sectors.
 
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Shionogi, Progenics Pharmaceuticals, and Daiichi Sankyo were the leading detractors from performance on a relative (i.e. performance of the Fund as measured against the benchmark) basis. Shares of Japanese-based pharmaceutical company Shionogi declined during the first quarter of 2009 due to weak sales in its domestic market, a strong Japanese yen, higher expected research and development spending, and softness in royalty income from anti-cholesterol drug Crestor. Despite posting a quarterly loss that was better than market expectations, shares of U.S.-based biopharmaceutical company Progenics Pharmaceuticals fell amidst challenging economic conditions. Shares of Japanese-based pharmaceutical company Daiichi Sankyo fell sharply on concerns about safety control issues at Rambaxy, a generic specialist in which the company bought a major stake last year, and a delay in approval of a new blood thinner drug. Specialty pharmaceutical company Medicines was also a top detractor from absolute (i.e. total return) performance.
Security selection was particularly favorable, though, in other Pharmaceuticals stocks. Schering-Plough, Pfizer, and Abbott Laboratories were the top contributors to relative performance during the period. Shares of global health care company Schering-Plough rose after receiving a takeover offer by Merck in the first quarter of 2009. Shares of Pfizer rebounded from a sharp fall in early March due to its strategic acquisition of Wyeth. Shares of Abbott Laboratories moved higher early in the first quarter of 2009 after reporting solid earnings in mid-January. Following this period of relative outperformance, we eliminated our position in the health care products company due to concerns about increased competition for its arthritis treatment Humira. Among other top contributors to absolute performance were development-stage biopharmaceutical company Cougar Biotechnology, specialty pharmaceutical and medication delivery company Hospira, and Israeli-based pharmaceutical company Teva Pharmaceuticals.
What is the outlook?
President Obama’s early momentum, combined with a Democrat-controlled Congress, suggests that the odds of some type of health care reform becoming law either this year or next are high. Unfortunately, the path to reform will be long and tiresome, characterized by significant “noise,” grandstanding and ambiguity. In an already battered and skittish market, uncertainty of any type will create buying opportunities that should ultimately pay off for longer-term investors. Our strategy will be to take advantage of this volatility by adding to existing or initiating new positions in stocks that are discounting a panic-driven, improbably negative outcome.
We believe that today’s U.S. Congressional leaders have learned from the mistakes made by the Clinton administration during its failed efforts to pass health care reform in 1993 and, as a result, are more open to bipartisan compromise. This is especially true in the U.S. Senate. Moreover, most experts agree that the President’s call for a $634 billion “down-payment” to fund universal health care will be inadequate (by at least a factor of two). This, combined with the U.S. government’s significant debt burden, the impossibly large number of affected special interest groups, (including seniors, employees, employers, labor unions, doctors, hospitals, insurers, manufacturers and taxpayers) and the increasingly difficult decisions that must be made, suggests to us that the government wants and needs the involvement of the private sector to ensure success.
Against this backdrop, the Fund ended the period overweight (i.e. the Fund’s sector position was greater than the benchmark position) the Biotechnology and Medical Technology sectors and underweight (i.e. the Fund’s sector position was less than the benchmark position) the Pharmaceuticals and Health Care Services sectors.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Biotechnology
    20.1 %
 
Drug Retail
    1.8  
 
Health Care Distributors
    4.9  
 
Health Care Equipment
    24.9  
 
Health Care Facilities
    0.5  
 
Health Care Services
    1.0  
 
Health Care Supplies
    0.8  
 
Health Care Technology
    0.2  
 
Life Sciences Tools & Services
    0.5  
 
Managed Health Care
    7.4  
 
Pharmaceuticals
    36.5  
 
Short-Term Investments
    1.0  
 
Other Assets and Liabilities
    0.4  
 
Total
    100.0 %
 
Diversification by Country
as of June 30, 2009
         
    Percentage of
Country   Net Assets
 
Belgium
    1.2 %
 
China
    0.5  
 
France
    1.2  
 
Germany
    1.0  
 
Ireland
    1.4  
 
Israel
    3.5  
 
Italy
    0.8  
 
Japan
    6.9  
 
Spain
    0.0  
 
Switzerland
    2.0  
 
United Kingdom
    1.3  
 
United States
    78.8  
 
Short-Term Investments
    1.0  
 
Other Assets and Liabilities
    0.4  
 
Total
    100.0 %
 
 
  22  

 


Table of Contents

Hartford Growth HLS Fund inception 4/30/2002
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/02 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   Since Inception
 
Growth IA
    -30.09 %     -3.30 %   0.88%
 
Growth IB
    -30.26 %     -3.54 %   0.63%
 
Russell 1000 Growth Index
    -24.50 %     -1.83 %   -0.28%
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
     
Andrew J. Shilling, CFA
  John A. Boselli, CFA
Senior Vice President, Partner
  Director, Equity Portfolio Manager, Partner
 
How did the Fund perform?
The Class IA shares of the Hartford Growth HLS Fund returned 10.63% for the six-month period ended June 30, 2009 underperforming its benchmark, the Russell 1000 Growth Index, which returned 11.53% for the same period. The Fund underperformed the 12.22% return of the average fund in the Large-Cap Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The global equity markets were volatile during the period, reflecting investors’ fluctuating reactions to economic data and the U.S. government’s involvement to help mitigate the financial crisis. The broad U.S. equity market posted positive returns for the period. Mid cap stocks (+8.5%) outperformed small cap (+2.6%) and large cap stocks (+3.2%) during the period, as measured by the S&P MidCap 400, Russell 2000 and S&P 500 indices, respectively. Growth stocks (11.5%) significantly outpaced Value (-2.9%) during the period, as measured by the Russell 1000 Growth and Russell 1000 Value indices, respectively. Nine of ten sectors within the Russell 1000 Growth Index posted positive returns. Information Technology (24%) and Materials (15%) were the best performers while Consumer Staples (-0.2%) was the only sector that declined.
The underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark was driven primarily by weak stock selection, particularly within Information Technology and Financials. Sector allocation, a result of our bottom-up stock selection process, was positive. Our overweight (i.e. the Fund’s sector position was greater than the benchmark position) to the strong performing Information Technology sector and underweights (i.e. the Fund’s sector position was less than the benchmark position) to Consumer Staples and Health Care helped relative performance.
Top detractors from relative returns were Wells Fargo (Financials), Apple (Information Technology) and MetLife (Financials). Shares of Wells Fargo, a diversified financial services company, declined during the period over concerns that the company was under-capitalized following its acquisition of Wachovia and as losses from the company’s positions in certain illiquid and toxic assets continued to mount. Shares of consumer electronics company Apple increased due to solid sales of the company’s iPhone. Our below-benchmark weight in the stock,
 
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which resulted from our thesis that consumers would reduce spending for non-essential products, detracted from performance. Shares of MetLife, a global provider of insurance and other financial services, fell during the period as investors remained concerned about potential balance sheet risks and credit rating downgrades. We eliminated our position in MetLife during the period. In addition, State Street (Financials) was also a meaningful detractor from absolute (i.e. total return) returns.
Partially offsetting our detractors was favorable stock selection within Consumer Discretionary and Energy. The top three contributors to benchmark-relative returns were Goldman Sachs (Financials), TJX Companies (Consumer Discretionary) and Coach (Consumer Discretionary). Shares of U.S. investment bank Goldman Sachs rose as the firm shored up its balance sheet and investors raised earnings forecasts in light of surging underwriting activity. Shares of TJX Companies, a value home goods and apparel retailer, rose after the company announced better-than-expected earnings as store traffic continued to be relatively strong due to the company’s value proposition. Shares of Coach, the leading American luxury handbag and accessories designer, rose following management’s reports that it achieved better-than-expected earnings and improvements in same store sales. We also benefited from not owning Wal-Mart (Consumer Staples) whose stock price declined due to a contraction in consumer spending. In addition, our position in Oracle (Information Technology) was a top contributor to absolute returns.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the recent stock market rally. Unemployment is rising sharply, the housing slowdown continues, and consumer demand is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
In this environment we continue to focus our efforts on stock-by-stock fundamental research, picking one stock at a time based upon the attractiveness of each company’s fundamentals and valuation. As a result of this bottom-up (i.e. stock by stock fundamental research) stock selection, our largest sector weights relative to the benchmark at the end of the period were in Information Technology, Energy, Consumer Discretionary and Industrials. At the end of the period, we were most underweight the Consumer Staples and Health Care sectors.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    0.2 %
 
Banks
    2.8  
 
Capital Goods
    14.0  
 
Consumer Durables & Apparel
    2.2  
 
Consumer Services
    3.5  
 
Diversified Financials
    3.5  
 
Energy
    11.1  
 
Food & Staples Retailing
    0.2  
 
Health Care Equipment & Services
    3.7  
 
Insurance
    2.4  
 
Materials
    2.2  
 
Media
    1.7  
 
Pharmaceuticals, Biotechnology & Life Sciences
    2.4  
 
Retailing
    7.4  
 
Semiconductors & Semiconductor Equipment
    4.5  
 
Software & Services
    19.7  
 
Technology Hardware & Equipment
    16.8  
 
Telecommunication Services
    0.1  
 
Short-Term Investments
    1.5  
 
Other Assets and Liabilities
    0.1  
 
Total
    100.0 %
 
 
  24  

 


Table of Contents

Hartford Growth Opportunities HLS Fund inception 3/24/1987
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
Russell 3000 Growth Index is an unmanaged index that measures the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. (The Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.)
Investment goal — Seeks capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Growth Opportunities IA
    -36.40 %     0.41 %     3.26 %
 
Growth Opportunities IB
    -36.56 %     0.16 %     3.00 %
 
Russell 1000 Growth Index
    -24.50 %     -1.83 %     -4.18 %
 
Russell 3000 Growth Index
    -24.53 %     -1.78 %     -3.94 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
     
Michael T. Carmen, CFA, CPA
  Mario E. Abularach, CFA, CMT
Senior Vice President, Partner
  Vice President
 
How did the Fund perform?
The Class IA shares of the Hartford Growth Opportunities HLS Fund returned 4.02% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 3000 Growth Index, which returned 11.52% for the same period. The Fund also underperformed the 11.80% return of the average fund in the Lipper Multi-Cap Growth VP-UF Average Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed their larger cap (+3.2%) and smaller cap (+2.6%) counterparts as measured by the S&P MidCap 400, S&P 500, and Russell 2000 Indexes, respectively. The change in sentiment provided a tailwind for growth stocks (+11.5%) while value stocks (-2.9%) declined. All ten sectors of the Russell 3000 Growth Index (+11.5%) rose during the period.
 
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The Information Technology (+25.0%), Materials (+15.1%), and Consumer Discretionary (+14.6%) sectors rose the most.
The Fund underperformed its benchmark primarily due to weak security selection. Stock selection was weakest in the Information Technology, Industrials, and Financials sectors, while results were more favorable in Consumer Staples, Energy, and Materials. Sector allocation, a fallout of bottom-up stock selection, also detracted from results due to an underweight (i.e. the Fund’s sector position was less than the benchmark position) to Information Technology and an overweight (i.e. the Fund’s sector position was greater than the benchmark position) to Health Care; this more than offset the benefit of being underweight Consumer Staples.
The top relative (i.e. performance of the Fund as measured against the benchmark) detractors from the Fund’s performance during the period were Apple (Information Technology), HUGHES Telematics (Information Technology), and State Street (Financials). Our underweight to consumer electronics company Apple detracted from performance, as the company’s quarterly earnings results beat expectations, driven by an increase in iPhone sales, despite slowing consumer trends. Shares of HUGHES Telematics, a provider of remote automobile safety and security monitoring services, fell as the company approved an offer to exchange previously issued warrants for common stock. Shares of State Street, a financial holding company with investment management and investment servicing operations, fell in the first quarter on disclosures of unrealized losses and concerns of capital adequacy. Top absolute (i.e. total return) detractors included Industrials names Delta Air Lines and Covanta.
Among the top relative contributors to the Fund’s performance during the period were Goldman Sachs (Financials) and Jarden (Consumer Discretionary). Shares of Goldman Sachs, a U.S. bank holding company and investment bank, continued to benefit from the firm’s relative strength versus peers and its intention to pay back government loans. Jarden, a consumer products company with a portfolio of niche brands, reported first quarter earnings that exceeded expectations, on better-than-expected sales, solid revenues, and working capital improvements. Our decision not to own major global retailer Wal-Mart (Consumer Staples) also helped relative results. Wal-Mart’s stock fell during the period due to slowing consumer spending. Pharmaceutical company Schering-Plough was also among the top absolute contributors to the Fund’s performance.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
We are beginning to position the Fund for a recovery in 2010-2011, increasing our exposure to companies in the Information Technology and Consumer Discretionary sectors. During the period we reduced our relative exposure in Financials, Industrials, and Health Care. We ended the period most overweight Consumer Discretionary and Financials, and most underweight Consumer Staples, relative to the Russell 3000 Growth Index.
At a meeting held on February 3-4, 2009, the Board of Directors of Hartford HLS Series Fund II, Inc. approved the reorganization (the “Reorganization”) of Hartford LargeCap Growth HLS Fund (the “Acquired Fund”) with and into Hartford Growth Opportunities HLS Fund (the “Acquiring Fund”).
The Board of Directors has called for a Special Meeting of Shareholders of the Acquired Fund (the “Meeting”) to be held on or about September 15, 2009, for the purpose of seeking the approval of the Agreement and Plan of Reorganization (“Reorganization Agreement”) with respect to the Acquired Fund. If approved, the Reorganization is expected to occur on or about October 2, 2009.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    1.1 %
 
Banks
    2.6  
 
Capital Goods
    8.2  
 
Commercial & Professional Services
    0.8  
 
Consumer Durables & Apparel
    1.4  
 
Consumer Services
    1.6  
 
Diversified Financials
    4.4  
 
Energy
    6.5  
 
Food, Beverage & Tobacco
    3.8  
 
Health Care Equipment & Services
    5.6  
 
Insurance
    1.9  
 
Materials
    2.3  
 
Media
    1.1  
 
Other Investment Pools and Funds
    0.7  
 
Pharmaceuticals, Biotechnology & Life Sciences
    10.2  
 
Retailing
    9.2  
 
Semiconductors & Semiconductor Equipment
    3.9  
 
Software & Services
    13.4  
 
Technology Hardware & Equipment
    12.1  
 
Telecommunication Services
    1.2  
 
Transportation
    1.0  
 
Short-Term Investments
    2.6  
 
Other Assets and Liabilities
    4.4  
 
Total
    100.0 %
 
 
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Hartford High Yield HLS Fund inception 9/30/1998
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Barclays Capital U.S. Corporate High Yield Bond Index is an unmanaged broad-based market value-weighted index that tracks the total return performance of non-investment grade, fixed-rate, publicly placed, dollar denominated and nonconvertible debt registered with the SEC.
Investment goal — Seeks high current income. Growth of capital is a secondary objective.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
High Yield IA
    -7.10 %     2.80 %     3.24 %
 
High Yield IB
    -7.34 %     2.54 %     3.00 %
 
Barclays Capital U.S. Corporate High Yield Bond Index
    -2.40 %     4.33 %     4.69 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
     
Mark Niland, CFA
  James Serhant, CFA
Managing Director
  Senior Vice President, Senior Investment Analyst
 
How did the Fund perform?
The Class IA Shares of the Hartford High Yield HLS Fund returned 21.65% for the six-month period ended June 30, 2009, underperforming its benchmark, the Barclays Capital U.S. Corporate High Yield Bond Index, which returned 30.44%, but outperforming the Lipper High Current Yield VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 20.55%.
Why did the Fund perform this way?
Although the Fund returned its highest six-month total return ever (exceeding the previous high which occurred in the first half of 2003), it still lagged its benchmark. This underperformance was primarily driven by sector allocation and security selection. The high yield market experienced an impressive market rally in the first half of 2009, resulting in record returns for the broad market index. The Fund’s defensive positioning (relative to the benchmark) over this period, and its significant underweight (i.e. the Fund’s sector position was less than the benchmark position) to subordinated financials contributed to the Fund’s underperformance.
Given the amount of economic uncertainty at the beginning of the year, the Fund was positioned defensively within the Industrial sectors, favoring companies that we judged to be better equipped to weather further economic stress. The underperformance within Financials specifically was also defensive in nature, as uncertainty continued to surround this sector. The seemingly erratic approach to government intervention (e.g. Bear Stearns receives a government bailout, Lehman Brothers does not) and the questions surrounding who would receive funds from the Troubled Asset Relief Program (TARP) caused us to tread very lightly. This lingering uncertainty around government action was at the forefront as we continued to analyze new ‘fallen-angels’ (credits that were previously rated investment-grade that have since been downgraded by the major ratings agencies) that were added to the High Yield market over the period.
The results of the government’s stress tests of the 19 largest banks in early May provided a more realistic sense of under-capitalization, and the reassurance that none of the 19 banks would be allowed to fail. This assurance did allow the Fund to
 
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more reliably implement our bottom-up credit selection, but unfortunately did not occur early enough for the Fund to capitalize on the rally in Financial sector bonds.
What is the outlook?
The re-opening of the corporate bond market has allowed some companies that were on the brink of default to meet upcoming maturities and forestall defaults that looked imminent when the markets were shut. As a result, we now expect the speculative grade issuer default rate to peak in the 12%-15% range over this cycle, down from our previous expectations of 15%-18%. In addition, spreads post market rally remain wide by historical standards. While unemployment remains on an uptrend, posing risk to the consumer, we believe the substantial government stimulus will likely help fill this void, which could provide a more sustained economic recovery over the next 6-12 months. Such a recovery will bode well for continued high yield spread tightening (i.e. short and long term interest rates moving closer together) for the remainder of the year.
Given this outlook, we have moved the Fund very close to a neutral-risk position relative to the benchmark, though perhaps still slightly under-risked overall. We see opportunities in the Consumer Discretionary sector (automotive, entertainment and gaming) as well as the Telecommunications sector.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Banks
    0.0 %
 
Basic Materials
    7.6  
 
Capital Goods
    1.0  
 
Consumer Cyclical
    12.4  
 
Consumer Staples
    2.9  
 
Energy
    7.0  
 
Finance
    14.5  
 
Health Care
    9.1  
 
Services
    15.3  
 
Technology
    19.0  
 
Telecommunication Services
    0.0  
 
Transportation
    2.3  
 
Utilities
    7.3  
 
Short-Term Investments
    1.0  
 
Other Assets and Liabilities
    0.6  
 
Total
    100.0 %
 
Distribution by Security Type
as of June 30, 2009
         
    Percentage of
Category   Net Assets
 
Asset & Commercial Mortgage Backed Securities
    0.3 %
 
Corporate Bonds: Investment Grade
    7.6  
 
Corporate Bonds: Non-Investment Grade
    81.7  
 
Preferred Stocks
    0.0  
 
Senior Floating Rate Interests: Non-Investment Grade
    8.8  
 
Warrants
    0.0  
 
Short-Term Investments
    1.0  
 
Other Assets and Liabilities
    0.6  
 
Total
    100.0 %
 
Distribution by Credit Quality
as of June 30, 2009
         
    Percentage of
    Long-Term
Rating   Holdings
 
AAA
    0.8 %
 
A
    0.3  
 
BBB
    2.9  
 
BB
    33.9  
 
B
    37.7  
 
CCC
    22.5  
 
CC
    0.7  
 
C
    0.1  
 
D
    1.1  
 
Total
    100.0 %
 
 
  28  

 


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Hartford Index HLS Fund inception 5/1/1987
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks to provide investment results which approximate the price and yield performance of publicly traded common stocks in the aggregate.
Average Annual Returns(2,3) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Index IA
    -26.30 %     -2.52 %     -2.58 %
 
Index IB
    -26.50 %     -2.76 %     -2.81 %
 
S&P 500 Index
    -26.21 %     -2.24 %     -2.22 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Class IB shares commenced on November 9, 1999. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
 
(3)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Deane Gyllenhaal
Vice President
 
How did the Fund perform?
The Class IA shares of the Hartford Index HLS Fund returned 3.09% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P 500 Index, which returned 3.16%, and outperforming the Lipper S&P 500 Index VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 3.06%.
Why did the Fund perform this way?
By design, the Fund is managed to mimic the performance of the S&P 500 Index. The performance of the Fund only marginally differed from that of the benchmark for the six-month period. Sources of return variance include trading costs, cash exposure in volatile markets, and the lack of exposure to The Hartford Financial Services Group (HIG) in the portfolio. The Fund did not own shares of HIG which underperformed relative to the index. Because of internal Hartford Investment Management Company (HIMCO) requirements, the Fund does not purchase stock of HIMCO’s parent, HIG. This exposure is reallocated across the Life/Health Insurance and Property/Casualty Insurance and Multi-line Insurance industries.
After a disappointing index return in the first quarter, the markets rallied from early March through the end of the second quarter. Four of the ten sectors in the benchmark had positive returns over this period. The Information Technology sector led the way; it was up 25.1% during the first half of 2009. The Materials sector was up 13.2% followed by Consumer Discretionary which gained 8.5% over the same period. Sectors that detracted from benchmark returns include Industrials which dropped 6.3%, Telecom Services which fell 3.9%, and Financials which slipped by 3.0% for the six month period.
Looking at individual stocks within the benchmark, the following three constituents led the way, pulling the index return into positive territory by the end of the second quarter. XL Capital (Financials) was up the most returning 221.3%. Ford Motors (Consumer Discretionary) had a strong return in April, bringing the return for the first half of the year to 165.1%. Sprint-Nextel (Telecom Services) was up 162.8% rounding out the top three performers as of June 30, 2009. The lowest-performing stock in the benchmark through the end of the second quarter was General Motors (Consumer Discretionary) which was taken over by the United States government in an effort to save the U.S. auto icon. Two other stocks on the
 
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negative side were Marshall & Ilsley (Financials), which fell 64.7% and Citigroup (Financials), which dropped 55.6% and was also a recipient of U.S. government aid.
What is the outlook?
The impressive rally that began in March and continued through the second quarter has slowed. While we were impressed by the rally’s magnitude, we were not impressed by the quality of the companies that led this rally, or by the aggregate fundamentals of the market. We believe that there will be a rotation for the second half of the year. Strong fundamentals will matter in driving both market leadership and the overall market.
We are skeptical that the market will advance substantially, absent a concurrent significant improvement in fundamentals and most expectations are that meaningful improvement in fundamentals will not occur until the fourth quarter. The Fund will continue to be fully invested in the S&P 500 Index, with a focus on risk control and efficient trading. Performance of the Fund is expected to be similar to that of the Index.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    0.5 %
 
Banks
    2.8  
 
Capital Goods
    6.9  
 
Commercial & Professional Services
    0.7  
 
Consumer Durables & Apparel
    1.0  
 
Consumer Services
    1.7  
 
Diversified Financials
    7.3  
 
Energy
    12.3  
 
Food & Staples Retailing
    3.0  
 
Food, Beverage & Tobacco
    6.0  
 
Health Care Equipment & Services
    4.1  
 
Household & Personal Products
    2.8  
 
Insurance
    2.3  
 
Materials
    3.2  
 
Media
    2.5  
 
Pharmaceuticals, Biotechnology & Life Sciences
    9.5  
 
Real Estate
    1.0  
 
Retailing
    3.2  
 
Semiconductors & Semiconductor Equipment
    2.5  
 
Software & Services
    7.0  
 
Technology Hardware & Equipment
    8.7  
 
Telecommunication Services
    3.5  
 
Transportation
    2.0  
 
Utilities
    4.0  
 
Short-Term Investments
    1.5  
 
Other Assets and Liabilities
     
 
Total
    100.0 %
 
 
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Hartford International Growth HLS Fund inception 4/30/2001
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
MSCI EAFE Growth Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance (excluding the U.S. and Canada) of the growth securities within the MSCI EAFE Index.
Investment goal — Seeks capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   Since Inception
 
International Growth IA
    -44.63 %     -3.88 %     -0.16 %
 
International Growth IB
    -44.77 %     -4.12 %     -0.40 %
 
MSCI EAFE Growth Index
    -33.36 %     2.55 %     1.19 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
             
Andrew S. Offit, CPA
  Matthew D. Hudson, CFA   Jean-Marc Berteaux   John A. Boselli, CFA
Senior Vice President, Partner
  Vice President   Senior Vice President, Partner   Director, Equity Portfolio Manager, Partner
 
How did the Fund perform?
The Class IA shares of the Hartford International Growth HLS Fund returned 4.30% for the six-month period ended June 30, 2009, underperforming its benchmark, the MSCI EAFE Growth Index, which returned 6.73% for the same period. The Fund also underperformed the 13.45% return of the average fund in the Lipper International Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Global equities declined during the first part of the period amid increasing signs of a deeper and more protracted recession and then rebounded in the second part of the period as governments around the world increased their involvement to help mitigate the financial crisis. Growth stocks (7%) trailed Value stocks (10%), as measured by the MSCI EAFE Growth and the MSCI EAFE Value indices, respectively. Within the MSCI EAFE Growth Index, eight out of ten sectors posted positive returns during the period. Materials (31%), Energy (13%), and Consumer Discretionary (11%) gained the most during the period, while Utilities (-7%) and Health Care (-5%) were the only sectors that posted negative returns.
Weak security selection in Financials, Materials, and Telecommunication Services contributed to underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark. This was partially offset by favorable security selection in Information Technology. Sector allocation, which is a residual of bottom-up stock selection, helped relative performance largely due to the Fund’s underweight (i.e. the Fund’s sector position was less than the benchmark position) exposure to Utilities during the period.
Allianz (Financials), Julius Baer (Financials), and UBS (Financials) detracted most from relative performance. Shares of German insurer Allianz fell due to the company’s exposure to declining asset markets. Shares of the Swiss-based wealth management company Julius Baer fell on concerns over the impact of a push from foreign governments for Switzerland to lift its banking secrecy laws. Shares of Switzerland-based financial services provider UBS moved lower after the firm posted a larger-than-expected quarterly loss. Not holding BHP Billiton (Materials), whose shares outperformed during the period, also negatively impacted relative performance. Other detractors from the Fund’s absolute (i.e. total return)
 
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performance were Nintendo (Information Technology) and Munich Re (Financials).
Top contributors to the Fund’s relative performance were Autonomy (Information Technology), Petrol Brasilieros (Energy), and Rio Tinto (Materials). Autonomy is a market leader in software development for Enterprise Search and Archiving & Compliance, an industry expected to see solid growth. Strong fourth quarter results and multiple deal wins across various sectors pushed Autonomy’s stock price higher. Brazil-based oil and gas exploration and production company Petrol Brasileiros reported solid results aided by reduced exploration and production lifting costs and strong refining and downstream earnings, driving shares higher. Shares of diversified mining company Rio Tinto benefited from rising copper prices and the company’s reduced balance sheet risk. Not owning benchmark component Novartis, whose shares underperformed during the period, also contributed positively to the Fund’s relative performance. Other contributors to the Fund’s absolute performance included Standard Charter (Financials).
What is the outlook?
We believe that government action is, in small increments, helping to reduce the probability of a worst-case outcome for the economy. Against this backdrop, we continue to seek globally competitive growth companies within growing sectors.
Portfolio construction is a bottom-up process based on intensive company research. We select stocks individually based on their merits. During the period we increased our exposure to Information Technology and Consumer Discretionary, and decreased our exposure to traditionally defensive Health Care, as we are beginning to see signs of an improving economy. At the end of the period we were most overweight (i.e. the Fund’s sector position was greater than the benchmark position) relative to the benchmark in Information Technology, Financials, and Telecommunication Services. The Fund held less-than-benchmark weights in the Consumer Staples, Utilities, and Energy sectors.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    3.6 %
 
Banks
    10.8  
 
Capital Goods
    7.3  
 
Commercial & Professional Services
    3.6  
 
Consumer Durables & Apparel
    3.8  
 
Consumer Services
    0.8  
 
Diversified Financials
    4.0  
 
Energy
    5.5  
 
Food & Staples Retailing
    2.6  
 
Food, Beverage & Tobacco
    7.5  
 
Health Care Equipment & Services
    1.2  
 
Household & Personal Products
    2.6  
 
Insurance
    0.4  
 
Materials
    9.4  
 
Media
    0.4  
 
Pharmaceuticals, Biotechnology & Life Sciences
    10.1  
 
Real Estate
    0.4  
 
Retailing
    3.1  
 
Semiconductors & Semiconductor Equipment
    1.9  
 
Software & Services
    3.1  
 
Technology Hardware & Equipment
    5.3  
 
Telecommunication Services
    6.4  
 
Transportation
    1.4  
 
Utilities
    1.6  
 
Short-Term Investments
    2.0  
 
Other Assets and Liabilities
    1.2  
 
Total
    100.0 %
 
Diversification by Country
as of June 30, 2009
         
    Percentage of
Country   Net Assets
 
Australia
    1.3 %
 
Austria
    0.9  
 
Belgium
    0.9  
 
Brazil
    3.2  
 
Canada
    2.3  
 
China
    3.1  
 
Denmark
    1.4  
 
Finland
    1.0  
 
France
    4.6  
 
Germany
    6.1  
 
Greece
    0.3  
 
Hong Kong
    3.3  
 
India
    1.5  
 
Indonesia
    0.4  
 
Ireland
    0.5  
 
Israel
    2.6  
 
Japan
    11.6  
 
Luxembourg
    1.6  
 
Netherlands
    5.0  
 
Russia
    1.9  
 
South Africa
    1.0  
 
Spain
    4.2  
 
Sweden
    3.1  
 
Switzerland
    10.6  
 
Taiwan
    1.4  
 
Turkey
    0.9  
 
United Kingdom
    20.8  
 
United States
    1.3  
 
Short-Term Investments
    2.0  
 
Other Assets and Liabilities
    1.2  
 
Total
    100.0 %
 
 
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Table of Contents

Hartford International Opportunities HLS Fund inception 7/2/1990
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
MSCI AC (All Country) World Free ex U.S. Index is a broad-based, unmanaged, market capitalization weighted, total return index that measures the performance of both developed and emerging stock markets, excluding the U.S. The index is calculated to exclude companies and share classes which cannot be freely purchased by foreigners.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
International Opportunities IA
    -29.77 %     5.00 %     2.19 %
 
International Opportunities IB
    -29.95 %     4.73 %     1.96 %
 
MSCI AC (All Country) World Free ex U.S. Index
    -30.54 %     4.95 %     2.94 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Nicolas M. Choumenkovitch
Senior Vice President and Partner
How did the Fund perform?
The Class IA shares of the Hartford International Opportunities HLS Fund returned 7.88% for the six-month period ended June 30, 2009, underperforming its benchmark, the MSCI All Country World Free ex U.S. Index, which returned 14.35% for the same period. The Fund outperformed the 7.56% return of the average fund in the Lipper International Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. The global equity market performance was positive for the period, as measured by the MSCI All Country World Free ex-U.S. index. Eight of ten sectors within the index rose with Materials, Energy, and Information Technology leading the way. Utilities and Health Care declined during the period.
The Fund’s underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark was primarily due to weak stock selection within Industrials, Financials and Energy which overshadowed strong positive stock selection within Materials. Sector allocation, a result of bottom-up stock selection, was modestly negative. The Fund’s overweights (i.e. the Fund’s sector position was greater than the benchmark position) to Telecommunication Services and Health Care and our underweights (i.e. the Fund’s sector position was less than the benchmark position) to Materials and Consumer Discretionary detracted from relative returns.
The top detractors from relative performance during the period included UBS (Financials), National Grid (Utilities) and East Japan Railway (Industrials). Shares of Swiss-based financial services provider UBS declined during the period following a larger-than-expected quarterly earnings loss and legal entanglement with the U.S. and Swiss governments. Shares of National Grid, a U.K. and U.S. transmission and distribution utility, declined due to economic weakness and concerns over the company’s ability to refinance its debt. Shares of East Japan Railway declined with a reduction in volumes, especially higher yielding business traffic, which is negatively affecting profitability. Other detractors from absolute (i.e. total return) returns included France Telecom
         
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(Telecommunication Services) and Nippon Telephone & Telegraph (Telecommunication Services).
Top contributors to relative performance during the period included Rio Tinto (Materials), Toronto-Dominion Bank (Financials) and ING Groep (Financials). Shares of diversified mining company Rio Tinto benefited from rising copper prices and the company’s reduced balance sheet risk following the recently proposed funding deal with Aluminum Corporation of China (CHINALCO). Shares of Toronto-Dominion, a Canadian-based bank with significant U.S. operations, rose after the company beat consensus expectations citing better-than-expected net interest income and trading profits. Shares of ING Groep, a Netherlands-based global banking, investments and insurance company, rose after the company announced plans to reduce risk by selling certain operations, refocus its bank on Europe, and manage its banking and insurance operations separately. Additional contributors to absolute returns included Impala Platinum (Materials).
What is the outlook?
Earlier this year, we believed that the market was undervaluing companies with relatively predictable cash flows. This insight was reflected in higher portfolio weights in Health Care and Telecom Services where we were able to find well managed companies with high free cash flow yields or strong future growth prospects at compelling valuations. We recently began to reduce our overweight in Health Care following M&A (Mergers & Acquisitions) activity and strong sector performance which reduced valuation upside. We have recently built a larger position in Financials after having been cautious on the sector since 2006. We are finding a range of attractively valued opportunities in the sector.
At a macro level, we expect some possibility for economic recovery in late 2009 if we see continued coordinated monetary policy and additional U.S. stimulus. On a longer term view, we believe the uncertainty remains and we could see one of three possible scenarios with very different outcomes: 1) improvement in the credit environment — which would benefit Financials and leveraged companies; 2) reflation — which would favor cyclicals and emerging market companies; or 3) deflation — which would favor companies with stable EPS and strong balance sheets. We continue to approach opportunities on a stock-by-stock basis and to find attractive opportunities but have been mindful in constructing a portfolio which is not too heavily weighted to any one economic scenario.
Regional weights continue to reflect bottom up (i.e. stock by stock fundamental research) stock selection. During the period we increased positions in emerging markets. Japan has structural issues in our view, and management there often lacks a focus on shareholder returns. As a result, the region continues to be a poor fit with our focus on companies with high or improving returns on capital. We ended the period most underweight Utilities, Information Technology and Energy and most overweight Financials, Consumer Staples, and Health Care relative to the benchmark.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    3.4 %
 
Banks
    15.6  
 
Capital Goods
    4.5  
 
Commercial & Professional Services
    0.6  
 
Consumer Durables & Apparel
    1.6  
 
Consumer Services
    1.0  
 
Diversified Financials
    4.8  
 
Energy
    9.8  
 
Food & Staples Retailing
    1.2  
 
Food, Beverage & Tobacco
    7.3  
 
Health Care Equipment & Services
    1.2  
 
Household & Personal Products
    1.0  
 
Insurance
    0.9  
 
Materials
    9.7  
 
Media
    1.2  
 
Other Investment Pools and Funds
    2.8  
 
Pharmaceuticals, Biotechnology & Life Sciences
    5.8  
 
Real Estate
    3.3  
 
Retailing
    1.3  
 
Semiconductors & Semiconductor Equipment
    0.9  
 
Software & Services
    1.6  
 
Technology Hardware & Equipment
    2.3  
 
Telecommunication Services
    6.6  
 
Transportation
    5.0  
 
Utilities
    3.4  
 
Short-Term Investments
    3.4  
 
Other Assets and Liabilities
    (0.2 )
 
Total
    100.0 %
 
Diversification by Country
as of June 30, 2009
         
    Percentage of
Country   Net Assets
 
Australia
    1.4 %
 
Belgium
    0.6  
 
Brazil
    2.5  
 
Canada
    5.9  
 
China
    2.5  
 
Denmark
    0.5  
 
France
    6.2  
 
Germany
    7.3  
 
Greece
    1.1  
 
Hong Kong
    4.8  
 
Ireland
    2.6  
 
Israel
    2.3  
 
Japan
    12.5  
 
Mexico
    0.8  
 
Netherlands
    2.6  
 
Russia
    0.9  
 
South Africa
    2.0  
 
South Korea
    0.9  
 
Spain
    4.8  
 
Switzerland
    7.5  
 
Taiwan
    1.1  
 
United Kingdom
    22.9  
 
United States
    3.1  
 
Short-Term Investments
    3.4  
 
Other Assets and Liabilities
    (0.2 )
 
Total
    100.0 %
 
         
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Hartford International Small Company HLS Fund inception 4/30/2001
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
S&P EPAC SmallCap Index, formerly S&P/CitiGroup Euro-Pacific Asia Composite (EPAC) Extended Market Index (EMI), is a developed-market equity index representing the bottom 15% of the cumulative available capital, by country, of the S&P EPAC Broad Market Index (BMI). The S&P EPAC BMI captures all companies in developed market countries, as defined by Standard & Poor’s, within Europe and the Asia Pacific region. To meet the eligibility criteria, companies must have float-adjusted market capitalizations of at least US$100 million and trailing 12 month trading volume of at least US$75 million or if their trailing 12 month trading volume falls below US$35 million during the annual index reconstruction.
Investment goal — Seeks capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   Since Inception
 
International Small Co IA
    -30.05 %     2.87 %     6.80 %
 
International Small Co IB
    -30.22 %     2.62 %     6.54 %
 
S&P EPAC SmallCap Index
    -30.09 %     4.22 %     7.43 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
     
Portfolio Managers
   
 
   
Simon H. Thomas
  Daniel Maguire, CFA
Vice President
  Vice President
How did the Fund perform?
The Class IA shares of the Hartford International Small Company HLS Fund returned 10.85% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P EPAC SmallCap Index, which returned 17.33% for the same period. The Fund outperformed the 7.56% return of the average fund in the Lipper International Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. Overall, global equity market performance was positive for the period across all market capitalizations. All ten sectors in the S&P EPAC SmallCap Index rose during the period, led by Energy, Information Technology, and Telecommunications Services. Consumer Staples and Utilities rose the least during the period.
The Fund underperformed its benchmark primarily due to weak stock selection within Health Care, Information Technology and Consumer Discretionary which overshadowed strong positive stock selection within Consumer Staples and Energy. Sector allocation, which is largely a result of the bottom-up stock selection process, added modestly to relative (i.e. performance of the Fund as measured against the benchmark) returns. In particular, the Fund’s overweight (i.e. the Fund’s sector position was greater than the benchmark position) position to relatively strong Energy stocks and an underweight (i.e. the Fund’s sector position was less than the benchmark position) position to relatively weak Financials stocks added value. However, a modest cash position hurt relative returns in the upward trending market.
Among the top detractors from relative and absolute (i.e. total return) returns were Shionogi (Health Care), Jupiter Telecommunication (Consumer Discretionary) and Aeon Delight (Industrials). Shares of Japanese pharmaceutical company Shionogi fell after the company reported that its third quarter domestic product sales were weaker than expected and its royalty income from international Crestor sales
         
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suffered due to the appreciating Yen. Its share price weakened further following news that its obesity drug in phase 2 development reported mixed results and would need further development before entering phase 3. Shares of Jupiter Telecommunication, the largest cable television network operator in Japan and provider of cable television, high speed internet access and telephone services, declined due to weak subscriber growth and increased competition in the Kansai region. Shares of Japanese real estate maintenance contractor Aeon Delight fell sharply due to investor concerns that the company is focused on a narrow market that could have risks for higher losses.
Among the top contributors to relative and absolute returns were Karoon Gas Australia (Energy), Dufry Group (Consumer Discretionary) and Worley Parsons (Energy). Shares of Karoon Gas Australia, a pure-play energy exploration company with investments in Australia, Peru and Brazil, surged after the company announced positive drilling results at a key offshore site north of Western Australia. Shares of Dufry Group, an operator of retail shops in airports, recovered as investors gained confidence in management’s ability to operate through the downturn and achieve margin goals despite a slowdown in consumer spending. Shares of Worley Parsons, a global engineering and consulting firm to the petrochemical and mining industries, has rebounded from prior period weakness due to the resurgence in the price of oil. The Fund’s relative performance also benefited from our decision not to own Wolseley (Industrials), a benchmark component whose shares fell during the period.
What is the outlook?
At a macro level, deterioration in economic data has begun to reverse and we believe the global economy is entering a bottoming process. Coordinated government intervention has helped to stabilize the financial sector, resulting in tightening (i.e. short and long term interest rates moving closer together) credit spreads and an improved ability for companies to raise both debt and equity financing. However, indications of demand side strength remain muted and government spending cannot provide the long-term growth engine needed for a sustained recovery. Given this uncertain backdrop, we continue to favor higher quality companies with cleaner balance sheets, greater revenue transparency and predictability, and nimble cost structures where management teams have flexibility to adapt to changing macro circumstances.
We select stocks in the Fund one at a time based on their individual merits. At the end of the period we were most overweight Energy, Health Care, and Consumer Staples stocks and most underweight Financials and Consumer Discretionary versus the benchmark. During the period we reduced our underweight to Financials, adding to diversified financials, in particular brokers (Jafco) and exchanges (Osaka). We remain underweight banks and real estate due to the continued likelihood of loan losses and asset write-downs.
On a regional basis, our greatest underweight position at the end of the period was in Europe, mostly due to less-than-benchmark exposures to Spain, the United Kingdom and Germany, as valuations no longer appear compelling relative to the risk/reward profile of many companies in these regions. This was offset by overweight positions in select developed markets such as Australia and France, and select emerging markets such as Brazil and China.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    2.4 %
 
Banks
    3.5  
 
Capital Goods
    13.9  
 
Commercial & Professional Services
    7.2  
 
Consumer Durables & Apparel
    2.2  
 
Consumer Services
    2.1  
 
Diversified Financials
    4.3  
 
Energy
    6.6  
 
Food & Staples Retailing
    1.9  
 
Food, Beverage & Tobacco
    3.0  
 
Health Care Equipment & Services
    3.2  
 
Household & Personal Products
    2.2  
 
Insurance
    3.3  
 
Materials
    10.1  
 
Media
    1.9  
 
Pharmaceuticals, Biotechnology & Life Sciences
    5.4  
 
Real Estate
    2.5  
 
Retailing
    6.8  
 
Semiconductors & Semiconductor Equipment
    2.5  
 
Software & Services
    4.7  
 
Technology Hardware & Equipment
    2.9  
 
Telecommunication Services
    0.6  
 
Transportation
    1.7  
 
Utilities
    1.6  
 
Short-Term Investments
    3.3  
 
Other Assets and Liabilities
    0.2  
 
Total
    100.0 %
 
Diversification by Country
as of June 30, 2009
         
    Percentage of
Country   Net Assets
 
Australia
    8.1 %
 
Belgium
    1.5  
 
Brazil
    1.8  
 
Canada
    0.5  
 
Cayman Islands
    0.7  
 
China
    0.7  
 
Finland
    2.0  
 
France
    10.6  
 
Germany
    4.2  
 
Guernsey Channel Isle
    0.5  
 
Hong Kong
    2.9  
 
India
    0.1  
 
Indonesia
    0.5  
 
Israel
    0.5  
 
Italy
    2.3  
 
Japan
    25.6  
 
Jersey
    0.7  
 
Netherlands
    0.5  
 
Norway
    1.6  
 
Russia
    0.6  
 
Singapore
    0.8  
 
South Korea
    3.0  
 
Spain
    0.5  
 
Sweden
    2.6  
 
Switzerland
    8.4  
 
United Kingdom
    15.3  
 
Short-Term Investments
    3.3  
 
Other Assets and Liabilities
    0.2  
 
Total
    100.0 %
 
         
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Hartford LargeCap Growth HLS Fund inception 5/1/1998
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2,3) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
LargeCap Growth IA
    -29.09 %     -4.06 %     -2.91 %
 
LargeCap Growth IB
    -29.28 %     -4.31 %     -3.16 %
 
Russell 1000 Growth Index
    -24.50 %     -1.83 %     -4.18 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
 
(3)   Class IB shares commenced on March 31, 2008. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
     
Portfolio Manager
   
 
Hugh Whelan, CFA
  Edward Caputo, CFA
Managing Director
  Vice President
How did the Fund perform?
The Class IA shares of the Hartford LargeCap Growth HLS Fund returned 11.39% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 1000 Growth Index, which returned 11.53%, and the Lipper Large-Cap Growth VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 12.22%.
Why did the Fund perform this way?
During the period, the Fund’s slight underperformance was primarily driven by an underweight (i.e. the Fund’s sector position was less than the benchmark position) to the Energy sector. Adding to performance was positive security selection, notably the favorable stock selection in Materials and Financials, which helped mitigate the negative impact of stock selection in the Energy and Consumer Discretionary sectors.
Among the largest detractors to relative returns were underweights to Schlumberger Ltd (Energy) and Occidental Petroleum Corp (Energy). Schlumberger shares rose during the quarter, driven by strong financial results that beat analyst estimates, as well as favorable oil prices which helped all firms in the oil services industry. Despite weak quarterly results, shares of Occidental Petroleum also rose along with the price of oil.
Among the largest contributors to relative (i.e. performance of the Fund as measured against the benchmark) returns were Terra Industries (Materials) and Waddell & Reed (Financials). Terra Industries benefited from strength in the agricultural and industrial markets as well as merger activity. After hitting a low in early March, shares of Waddell & Reed climbed higher over the remainder of the period, driven by strong quarterly results and a rally in the Financials sector.
The portfolio’s current top holdings as of June 30, 2009 are Microsoft Corp (Information Technology) and Johnson & Johnson (Health Care). Microsoft is a top holding primarily due to a combination of strong business performance (exhibited by attractive returns on invested capital) and positive investor sentiment. Similarly, Johnson & Johnson is a top holding primarily due to management showing discipline in its capital outlays during these trying markets, as well as a strong consensus around the company’s outlook from the analyst community.
         
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The Fund invests in companies that we believe have compelling stock characteristics versus the Russell 1000 Growth Index. The Fund’s systematic approach weighs more than 50 fundamental characteristics across four broad categories, including business behavior, management behavior, valuation and investor behavior. This analysis is used to build a broadly diversified portfolio of companies, with sector weightings determined largely by the attractiveness of specific stocks within the Fund’s investment universe.
We believe this approach will yield attractive risk-adjusted returns relative to the Russell 1000 Growth Index over the long term.
What is the outlook?
The impressive rally that began in March and continued through the second quarter has slowed. While we were impressed by the rally’s magnitude, we were not impressed by the quality of the companies that led this rally, or by the aggregate fundamentals of the market. We believe that there will be a rotation — for the second half of the year strong fundamentals will matter in driving both market leadership and the overall market.
We are skeptical that the market will advance substantially, absent a concurrent significant improvement in fundamentals, and most expectations are that meaningful improvement in fundamentals will not occur until later in 2009.
At a meeting held on February 3-4, 2009, the Board of Directors of Hartford HLS Series Fund II, Inc. approved the reorganization (the “Reorganization”) of Hartford LargeCap Growth HLS Fund (the “Acquired Fund”) with and into Hartford Growth Opportunities HLS Fund (the “Acquiring Fund”).
The Board of Directors has called for a Special Meeting of Shareholders of the Acquired Fund (the “Meeting”) to be held on or about September 15, 2009, for the purpose of seeking the approval of the Agreement and Plan of Reorganization (“Reorganization Agreement”) with respect to the Acquired Fund. If approved, the Reorganization is expected to occur on or about October 2, 2009.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Capital Goods
    5.6 %
 
Commercial & Professional Services
    0.9  
 
Consumer Durables & Apparel
    0.3  
 
Consumer Services
    7.2  
 
Diversified Financials
    4.2  
 
Energy
    2.7  
 
Food & Staples Retailing
    1.8  
 
Food, Beverage & Tobacco
    6.0  
 
Health Care Equipment & Services
    8.5  
 
Household & Personal Products
    4.8  
 
Insurance
    0.3  
 
Materials
    5.2  
 
Media
    2.5  
 
Other Investment Pools and Funds
    0.1  
 
Pharmaceuticals, Biotechnology & Life Sciences
    9.3  
 
Retailing
    8.9  
 
Semiconductors & Semiconductor Equipment
    3.5  
 
Software & Services
    13.5  
 
Technology Hardware & Equipment
    11.7  
 
Transportation
    0.3  
 
Utilities
    1.5  
 
Short-Term Investments
    1.5  
 
Other Assets and Liabilities
    (0.3 )
 
Total
    100.0 %
 
         
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Table of Contents

Hartford MidCap HLS Fund* inception 7/14/1997
(subadvised by Wellington Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
S&P MidCap 400 Index is an unmanaged index of common stocks of companies chosen by S&P designed to represent price movements in the midcap U.S. equity market.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2,3) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
MidCap IA
    -28.96 %     3.13 %     7.77 %
 
MidCap IB
    -29.16 %     2.87 %     7.52 %
 
S&P MidCap 400 Index
    -28.02 %     0.36 %     4.62 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Class IB shares commenced on November 9, 1999. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
 
(3)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
*The Fund has restrictions on the purchase of shares. A description of the restrictions can be found in the prospectus.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Phillip H. Perelmuter
Senior Vice President, Partner
How did the Fund perform?
The Class IA shares of the Hartford MidCap HLS Fund returned 6.82% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P MidCap 400 Index, which returned 8.47% for the same period. The Fund also underperformed the 7.30% return of the average fund in the Lipper Mid-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The global equity markets were volatile during the period, reflecting investors’ fluctuating reactions to economic data and the U.S. government’s involvement to help mitigate the financial crisis. The broad U.S. equity market posted positive returns for the period. Mid cap stocks (8.5%) outperformed small cap (2.6%) and large cap stocks (3.2%) during the period, as measured by the S&P MidCap 400, Russell 2000 and S&P 500 indices, respectively. Growth stocks (14.5%) significantly outpaced Value (-0.6%) during the period, as measured by the Russell 2500 Growth and Russell 2500 Value indices. Within the S&P MidCap 400 Index, eight out of ten sectors posted positive returns. Energy (24%), Information Technology (23%) and Consumer Discretionary (23%) were the best performers while Financials (-13%) and Telecommunication Services (-3%) declined.
Underperformance versus the benchmark was driven by security selection which was weakest within Consumer Discretionary, Energy and Materials and more than offset favorable positive stock selection within Financials and Health Care. Sector allocations, driven by our bottom-up stock selection process, contributed to relative (i.e. performance of the Fund as measured against the benchmark) returns during the period, primarily due to an underweight (i.e. the Fund’s sector position was less than the benchmark position) position in the weaker-performing Financials sector and overweight (i.e. the Fund’s sector position was greater than the benchmark position) positions in Information Technology and Health Care.
Top detractors from relative performance included Western Digital (Information Technology), WR Berkeley (Financials) and Humana (Health Care). Shares of disk drive maker Western Digital rose after the company cut costs and realigned production in response to slowing demand. We did not own shares of the stock, which is a component of the benchmark, hurting the Fund’s benchmark-relative returns. Property and
         
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casualty insurance company WR Berkley’s shares declined after the company reported lower-than-expected earnings due to higher realized investment losses and weather-related claims. Shares of Humana, a health insurance and supplemental benefits company, fell due to concerns about the impact of government healthcare reforms. Republic Services (Industrials) detracted from absolute (i.e. total return) performance.
Top contributors to benchmark-relative returns included Life Technologies (Health Care), Teradata (Information Technology) and Red Hat (Information Technology). Life Technologies, created through the recent merger of Invitrogen and Applied Biosystems, is a provider of tools and cultures used in genetic research and drug development. The company’s shares rose during the period due to Wall Street’s expectations that the company would benefit from strong synergies after the merger. Shares of Teradata, a hardware and software vendor specializing in data warehousing and analytic applications, rose following the company’s earnings report that highlighted a meaningful margin improvement and an increase in operating income. Red Hat, a leading provider of open source enterprise software solutions, gained market share in a tight information technology spending environment. The company’s shares benefited from solid quarterly results as the firm’s value-oriented product offerings proved compelling in the challenging economic environment. During the period, NetApp (Information Technology) was a significant contributor to absolute returns.
What is the outlook?
The “leading indicator” we rely on most heavily in selecting stocks for the Fund is the mosaic of information we are able to glean through our many meetings with company management teams. Right now we are paying particularly close attention to the tone of these meetings to help us determine whether things are getting better or worse. Signs of improvement — or even lessening deterioration — can have a powerful influence on sentiment and stock prices. Broadly speaking, at this point it sounds as though business activity is flattening as opposed to declining: operations have been streamlined, inventories slashed, and expectations reined in. Stabilization alone could lead to some upside surprises. At the same time stimulus programs are rapidly advancing from the idea stage to actual funding. Finally, while credit markets remain tight, they are beginning to show signs of healing.
Our efforts are focused on picking stocks based on a bottom-up review of their fundamentals. As a result of these individual stock decisions, we ended the period with our most significant overweight positions relative to the benchmark in the Consumer Discretionary, Health Care, and Information Technology sectors. Our largest underweights relative to the benchmark were in Materials, Financials, and Industrials.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Banks
    3.7 %
 
Capital Goods
    9.0  
 
Commercial & Professional Services
    2.2  
 
Consumer Durables & Apparel
    2.1  
 
Consumer Services
    5.1  
 
Diversified Financials
    0.5  
 
Energy
    7.4  
 
Food & Staples Retailing
    1.4  
 
Food, Beverage & Tobacco
    2.4  
 
Health Care Equipment & Services
    10.0  
 
Household & Personal Products
    0.8  
 
Insurance
    7.1  
 
Materials
    3.4  
 
Media
    2.7  
 
Pharmaceuticals, Biotechnology & Life Sciences
    5.1  
 
Real Estate
    2.7  
 
Retailing
    8.0  
 
Semiconductors & Semiconductor Equipment
    2.1  
 
Software & Services
    7.6  
 
Technology Hardware & Equipment
    6.4  
 
Telecommunication Services
    1.0  
 
Transportation
    1.1  
 
Utilities
    5.6  
 
Short-Term Investments
    1.9  
 
Other Assets and Liabilities
    0.7  
 
Total
    100.0 %
 
         
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Hartford MidCap Growth HLS Fund inception 5/1/1998
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell MidCap Growth Index is an unmanaged index measuring the performance of the mid-cap growth segment of the U.S. equity universe.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2,3) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
MidCap Growth IA
    -30.51 %     -2.16 %     1.61 %
 
MidCap Growth IB
    -30.66 %     -2.40 %     1.36 %
 
Russell MidCap Growth Index
    -30.33 %     -0.44 %     0.02 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
 
(3)   Class IB shares commenced on March 31, 2008. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
     
Portfolio Manager
   
 
Hugh Whelan, CFA
  Paul Bukowski, CFA
Managing Director
  Vice President
How did the Fund perform?
The Class IA shares of the Hartford MidCap Growth HLS Fund returned 17.95% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell Midcap Growth Index, which returned 16.61 %, and the Lipper Mid-Cap Growth VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 14.30%.
Why did the Fund perform this way?
Over the six-month period ended June 30, 2009, the primary driver of outperformance versus the benchmark was positive security selection within the Information Technology, Industrials and Materials sectors, as well as an underweight (i.e. the Fund’s sector position was less than the benchmark position) allocation to the Industrials sector. This outperformance was offset slightly by adverse security selection in the Consumer Discretionary and Energy sectors.
Among the largest contributors to relative (i.e. performance of the Fund as measured against the benchmark) returns were Ashland Inc. (Materials) and Commscope (Information Technology). Ashland reported better-than-expected earnings. Commscope also reported better-than-expected earnings for the first and second quarters.
The primary detractors to relative return were an overweight (i.e. the Fund’s sector position was greater than the benchmark position) in aluminum producer Century Aluminum (Materials), whose stock suffered in the face of plummeting aluminum prices, and an underweight position in the off-price retailer TJX Companies (Consumer Discretionary), which continued to beat analyst estimates as consumers turned to discounters amidst tough economic times.
The Fund invests in companies that we believe have compelling stock characteristics versus the Russell MidCap Growth Index. The Fund’s systematic approach weighs 30 fundamental characteristics across four broad categories, including business behavior, management behavior, valuation and investor behavior. This analysis is used to build a broadly diversified portfolio of companies, with sector weightings determined largely by the attractiveness of specific stocks within the Fund’s investment universe.
As of the end of the period, the Fund’s top holdings included overweight positions in Ashland (Materials) and Aeropostale (Consumer Discretionary), a clothing retailer. Ashland is a top holding due to positive investor sentiment coupled with strong valuations. Aeropostale is a top holding due to strong
         
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management discipline (as evidenced by controlled capital spending and solid management of inventories) while the company continues to increase margins and return on equity. Overall, the Fund tends to invest in financially efficient companies with attractive valuations and higher margins.
We believe this approach will yield attractive risk-adjusted returns relative to the Russell MidCap Growth Index over the long term.
What is the outlook?
The impressive rally that began in March and continued through the second quarter has slowed. While we were impressed by the rally’s magnitude, we were not impressed by the quality of the companies that led this rally or by the aggregate fundamentals of the market. We believe that there will be a rotation for the second half of the year. Strong fundamentals will matter in driving both market leadership and the overall market.
We are skeptical that the market will advance substantially, absent a concurrent significant improvement in fundamentals, and most expectations are that meaningful improvement in fundamentals will not occur until the fourth quarter.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Capital Goods
    10.1 %
 
Commercial & Professional Services
    2.8  
 
Consumer Durables & Apparel
    3.0  
 
Consumer Services
    6.1  
 
Diversified Financials
    7.1  
 
Energy
    4.7  
 
Food, Beverage & Tobacco
    5.3  
 
Health Care Equipment & Services
    8.2  
 
Household & Personal Products
    1.3  
 
Insurance
    1.5  
 
Materials
    5.3  
 
Media
    2.0  
 
Other Investment Pools and Funds
    0.2  
 
Pharmaceuticals, Biotechnology & Life Sciences
    3.4  
 
Real Estate
    1.4  
 
Retailing
    7.9  
 
Semiconductors & Semiconductor Equipment
    9.4  
 
Software & Services
    9.5  
 
Technology Hardware & Equipment
    5.5  
 
Telecommunication Services
    1.1  
 
Transportation
    1.2  
 
Utilities
    1.1  
 
Short-Term Investments
    2.1  
 
Other Assets and Liabilities
    (0.2 )
 
Total
    100.0 %
 
         
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Hartford MidCap Value HLS Fund* inception 4/30/2001
(subadvised by Wellington Management Company)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 2500 Value Index is an unmanaged index measuring the performance of those Russell 2500 Index companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   Since Inception
 
MidCap Value IA
    -21.42 %     -0.80 %     2.93 %
 
MidCap Value IB
    -21.62 %     -1.04 %     2.68 %
 
Russell 2500 Value Index
    -26.24 %     -1.56 %     3.88 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
*The Fund has restrictions on the purchase of shares. A description of the restrictions can be found in the prospectus.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
James N. Mordy
Senior Vice President, Partner
 
How did the Fund perform?
The Class IA shares of the Hartford MidCap Value HLS Fund returned 10.79% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 2500 Value Index, which returned - -0.56% for the same period. The Fund also outperformed the 6.42% return of the average fund in the Lipper Mid-Cap Value VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Following the steep global markets sell-off in 2008, equities continued to decline sharply early in 2009, reaching a 12-year bottom during the month of March. Strong government intervention, coupled with a sequential improvement in economic indicators and consumer sentiment, led to a significant market rally off the March lows. Nascent signs of a bottoming in the fortunes of the financial industry and aggressive intervention by the Fed fueled the rally into the second quarter of 2009 despite continuing softness in demand and high unemployment.
During the period, mid cap stocks (+8.5%) outperformed small (+2.6%) and large cap stocks (+3.2%), as measured by the S&P MidCap 400, Russell 2000 and S&P 500 indices, respectively. Growth stocks (+14.5%) significantly outpaced Value stocks (-0.6%) during the period, as measured by the Russell 2500 Growth and Russell 2500 Value indices. Sector performance within the Russell 2500 Value Index was mixed, with Information Technology (+25%), Consumer Discretionary (+19%), and Materials (+14%) posting sharp gains while Financials (-17%), Industrials (-8%), and Utilities (-3%) fell during the period.
The Fund’s outperformance versus the benchmark was driven primarily by favorable stock selection, which was additive in seven of ten broad economic sectors. Stock selection was strongest within Financials, Consumer Staples, and Energy, while results lagged the benchmark in Health Care and Industrials. Overall sector allocation, a result of bottom-up security selection, contributed positively to relative (i.e. performance of the Fund as measured against the benchmark) performance, particularly the Fund’s underweight (i.e. the Fund’s sector position was less than the benchmark position) position in Financials and overweight (i.e. the Fund’s sector position was greater than the benchmark position) positions in
         
 
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Information Technology, Health Care and Consumer Discretionary.
The largest contributors to absolute (i.e. total return) and benchmark-relative performance included Marine Harvest (Consumer Staples), Virgin Media (Telecom & Media), and PHH (Financials). Salmon farming company Marine Harvest’s shares gained significantly as constrained industry supply out of Chile sent wholesale salmon prices to multi-year highs. In addition, Wall Street’s concerns that the company would need to raise equity to repay debt abated as interest coverage metrics improved with higher product prices. Virgin Media, a U.K.-based cable and entertainment company, saw its stock recover from very depressed levels as investor sentiment improved around a number of favorable developments: an improved U.K. cable pricing environment, an upgraded network, and an improved outlook for the company’s balance sheet. Shares of PHH, a leading provider of private label mortgage services and commercial fleet vehicle management, rose during the period due to robust profit margins from both of the company’s business lines.
The largest detractors from relative returns included Delta Air Lines (Industrials), Kimco Realty (Financials) and Reinsurance Group of America (Financials). Shares of Delta fell as demand for air travel declined even faster than aggressive industry capacity cuts, while a reduction in high-fare business travel also affected revenue-per-seat metrics. Kimco Realty, a U.S. REIT (Real Estate Investment Trust) specializing in the development, management and acquisition of shopping centers, experienced stock price pressure on concerns over the company’s joint venture leverage and debt maturities over the next 12-18 months. Shares of Reinsurance Group of America, a life reinsurance company, were weak on concerns about exposure to variable annuities as well as fears of future markdowns on its investment portfolio. Top detractors from absolute returns also included CACI International (Information Technology).
What is the outlook?
The global economic downturn appears to have eased in recent months. Given unprecedented fiscal and monetary stimulus around the globe, we expect to see the beginnings of a synchronized global recovery commencing during the second half of 2009 and into 2010.
We anticipate a manufacturing-led recovery in the U.S. as inventories have been depleted and auto production is set to rebound from low levels. We believe the recovery will be modest, as employment lags, the consumer further increases savings, and the financial sector continues to deleverage. We do not anticipate a meaningful increase in inflation anytime soon, but recognize that the Federal Reserve will eventually have to begin reducing excess liquidity. In our opinion, the priorities of the Obama administration will also weigh on future growth.
Given this view, we believe the move in some of the more cyclical sectors of the market may have been too much, too soon. Recently, and partly due to Russell 2500 Value Index rebalancing in late June, we have decreased our relative exposure to Materials, Industrials, and Health Care. We increased our exposure (and reduced our underweight) to Financials, sensing a buying opportunity in a number of banks’ capital raises. We will look for opportunities to purchase select cyclicals on weakness. At the end of the period, we were most overweight Health Care, Information Technology, and Consumer Discretionary and most underweight Financials, Utilities, and Industrials.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    1.1 %
 
Banks
    3.5  
 
Capital Goods
    6.8  
 
Commercial & Professional Services
    0.7  
 
Consumer Durables & Apparel
    5.6  
 
Diversified Financials
    8.9  
 
Energy
    5.7  
 
Food, Beverage & Tobacco
    5.0  
 
Health Care Equipment & Services
    4.7  
 
Insurance
    9.9  
 
Materials
    7.3  
 
Media
    2.1  
 
Pharmaceuticals, Biotechnology & Life Sciences
    4.5  
 
Real Estate
    3.6  
 
Retailing
    4.6  
 
Semiconductors & Semiconductor Equipment
    3.8  
 
Software & Services
    2.5  
 
Technology Hardware & Equipment
    7.0  
 
Transportation
    2.9  
 
Utilities
    8.7  
 
Short-Term Investments
    0.9  
 
Other Assets and Liabilities
    0.2  
 
Total
    100.0 %
 
         
 
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Table of Contents

 
Hartford Small Company HLS Fund inception 8/9/1996
(subadvised by: Wellington Management Company, LLP
                    Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 2000 Growth Index is an unmanaged index of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Small Company IA
    -30.35 %     1.09 %     1.94 %
 
Small Company IB
    -30.50 %     0.85 %     1.71 %
 
Russell 2000 Growth Index
    -24.85 %     -1.32 %     -0.89 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
(2)   Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
                 
Wellington Management Company, LLP           Hartford Investment Management Company
Steven C. Angeli, CFA
  Stephen Mortimer   Mario E. Abularach, CFA, CMT   Hugh Whelan, CFA   Kurt Cubbage, CFA
Senior Vice President, Partner
  Senior Vice President   Vice President   Managing Director   Vice President
 
How did the Fund perform?
The Class IA shares of the Hartford Small Company HLS Fund returned 5.23% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 2000 Growth Index which returned 11.36% for the same period. The Fund underperformed the 11.17% return of the average fund in the Lipper Small Cap Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. In this environment, small cap, mid cap and large cap stocks all rose during the period, as measured by the Russell 2000 (2.6%), S&P MidCap 400 (8.5%) and S&P 500 (3.2%) indices, respectively. Eight of ten sectors within the Russell 2000 Growth Index rose during the period. Information Technology (30%) and Consumer Discretionary (24%) were the strongest performing sectors while Industrials (-4%) and Financials (-4%) declined.
The Fund underperformed its benchmark during the period primarily due to weak stock selection within Consumer Discretionary and Health Care. Sector allocation helped benchmark-relative (i.e. performance of the Fund as measured against the benchmark) performance. Specifically, our overweight (i.e. the Fund’s sector position was greater than the benchmark position) position in Consumer Discretionary and an underweight (i.e. the Fund’s sector position was less than the benchmark position) in Energy contributed to returns. Stock selection in Financials also helped relative performance during the period.
Stocks that detracted the most from relative returns during the period included Corinthian Colleges (Consumer Discretionary), Dendreon (Health Care), and Covanta (Industrials). Corinthian Colleges, a post-secondary education services company with operations in the United States and Canada, was a new position during the period. Shares of the company fell together with other education stocks due to regulatory worries. Shares of Seattle-based biotechnology company Dendreon rose significantly
         
 
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following the company’s announcement that data from their advanced prostate cancer drug Provenge demonstrated the ability to prolong survival in men versus the placebo. We did not own the stock which detracted from our benchmark-relative returns. Waste management company Covanta’s shares declined following company management’s announcement of its 2009 outlook which revealed a higher degree of economic sensitivity than investors originally expected. Significant detractors from absolute (i.e. total return) returns also included Smithfield Foods (Consumer Staples) and Vaalco Energy (Energy).
Top contributors to relative and absolute performance during the period included ON Semiconductor (Information Technology), SeaGate Technology (Information Technology) and Jarden (Consumer Discretionary). Shares of ON Semiconductor, a global supplier of semiconductors and component devices, increased during the period due to stabilizing business trends and continued progression in order activity which appeared to indicate a bottoming in the semiconductor cycle. Shares of disk-drive manufacturer SeaGate Technology gained value after the company raised the revenue outlook for fourth quarter of 2009 and predicted a stronger-than-expected recovery in global disk drive demand. Shares of Jarden, a consumer products company with a diversified portfolio of niche brands, increased as the company’s earnings exceeded expectations due to better-than-expected sales, solid revenues, and working capital improvements.
What is the outlook?
We are in a period of tremendous uncertainty, which has undermined confidence and with it, stock prices. At the same time stimulus programs are rapidly advancing from the idea stage to actual funding. And while credit markets remain tight, they are beginning to show signs of healing.
The Fund focuses on stock selection as the key driver of returns and uses proprietary fundamental and quantitative research to build a portfolio of the most attractive stocks that we see as having unique business models or special market opportunities that should allow them to deliver superior growth. The Fund was overweight in Consumer Discretionary and Consumer Staples relative to the Russell 2000 Growth Index at the end of the period. The Fund ended the period most underweight Health Care and Industrials.
At June 30, 2009, 53% of the Fund’s assets were managed by Wellington Management Company and 47% of the assets were managed by Hartford Investment Management Company.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    0.0 %
 
Banks
    1.1  
 
Capital Goods
    8.0  
 
Commercial & Professional Services
    2.6  
 
Consumer Durables & Apparel
    5.4  
 
Consumer Services
    7.3  
 
Diversified Financials
    1.4  
 
Energy
    3.7  
 
Food & Staples Retailing
    1.2  
 
Food, Beverage & Tobacco
    1.5  
 
Health Care Equipment & Services
    12.5  
 
Household & Personal Products
    1.4  
 
Insurance
    1.4  
 
Materials
    2.3  
 
Media
    1.2  
 
Other Investment Pools and Funds
    1.5  
 
Pharmaceuticals, Biotechnology & Life Sciences
    8.6  
 
Real Estate
    1.0  
 
Retailing
    4.3  
 
Semiconductors & Semiconductor Equipment
    4.1  
 
Software & Services
    14.7  
 
Technology
    0.0  
 
Technology Hardware & Equipment
    7.9  
 
Telecommunication Services
    1.8  
 
Transportation
    2.2  
 
Utilities
    0.4  
 
Short-Term Investments
    2.4  
 
Other Assets and Liabilities
    0.1  
 
Total
    100.0 %
 
         
 
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Table of Contents

 
Hartford SmallCap Growth HLS Fund inception 5/2/1994
(subadvised by: Wellington Management Company, LLP
                    Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 2000 Growth Index is an unmanaged index of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
SmallCap Growth IA
    -26.82 %     -2.68 %     1.48 %
 
SmallCap Growth IB
    -27.00 %     -2.91 %     1.23 %
 
Russell 2000 Growth Index
    -24.85 %     -1.32 %     -0.89 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
(2)   Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
             
Wellington Management Company, LLP   Hartford Investment Management Company
David J. Elliot, CFA
  Mammen Chally, CFA   Hugh Whelan, CFA   Kurt Cubbage, CFA
Vice President
  Vice President   Managing Director   Vice President
 
How did the Fund perform?
The Class IA shares of the Hartford SmallCap Growth HLS Fund returned 8.90% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 2000 Growth Index, which returned 11.36%. For the same period, the Fund also underperformed the 11.17% return of the average fund in the Lipper Small Cap Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index) rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed their larger cap (+3.2%) and smaller cap (+2.6%) counterparts as measured by the S&P MidCap 400, S&P 500, and Russell 2000 Indexes, respectively. The change in sentiment provided a tailwind for growth stocks (+11.5%) while value stocks (-2.9%) declined, as measured by the Russell 1000 Growth and Russell 1000 Value Indexes, respectively. Eight of the ten sectors in the Russell 2000 Growth Index had positive returns during the period. The Information Technology (+29.7%), and Consumer Discretionary (+23.7%) sectors performed best, while Industrials (-4.2%) and Financials (-3.5%) were the only sectors to post declines.
Fund performance was driven by stock selection; sector allocation had very little impact on benchmark-relative (i.e. performance of the Fund as measured against the benchmark) returns. Underperformance relative to the benchmark was primarily a result of weak selection in the Health Care, Consumer Discretionary and Materials sectors, which more than
         
 
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offset strong selection in Telecommunication Services and Consumer Staples.
Healthspring (Health Care), Kendle International (Health Care), and Esterline Technologies (Industrials) detracted most from relative and absolute (i.e. total return) returns during the period. Healthspring, a managed health care organization focused on Medicare, saw its share price fall early in the period as fourth quarter earnings were lower than expected, reflecting higher Medicare Advantage loss ratios and lower investment yields. Kendle International provides development services on a contract basis to the biopharmaceutical industry worldwide. Kendle’s shares fell after the company did not meet Wall Street expectations for the first quarter, citing large project cancellations, project delays, and reductions in new business signings. Shares of Esterline Technologies, a specialized manufacturing company principally serving aerospace and defense customers, declined after the company announced earnings guidance that was below expectations. Other significant detractors from absolute returns during the period were specialty pharma company Medicines (Health Care) and Vaalco Energy (Energy).
Among the top contributors to relative performance were CV Therapeutics (Health Care), Starent Networks (Information Technology), and Atlantic Tele-Network (Telecommunication Services). Shares of U.S.-based pharmaceutical company CV Therapeutics rose following a buyout offer from Japanese drug maker Astellas Pharma. Starent Networks, a provider of infrastructure hardware and software products and services, performed well in the second quarter after the company beat earnings estimates and raised its earnings outlook for the year. Atlantic Tele-Network is a provider of wireless and wireline telecommunications services in North America and the Caribbean. The market reacted favorably to the company’s purchase of U.S. wireless assets from Verizon Wireless, which is transformative in giving Atlantic Tele-Network a national wireless footprint. Top contributors to absolute results also included technology companies Skyworks Solutions and Riverbed Technology and personal care products and nutritional supplements company Nu Skin Enterprises (Consumer Staples).
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
The Fund focuses on stock selection as the key driver of returns and uses proprietary fundamental and quantitative research in a disciplined framework to build a portfolio of the most attractive stocks. At June 30, 2009, the Fund ended the period most overweight (i.e. the Fund’s sector position was greater than the benchmark position) Financials and Consumer Staples, and most underweight (i.e. the Fund’s sector position was less than the benchmark position) Energy relative to the Russell 2000 Growth Index.
At June 30, 2009, 91% of the Fund’s assets were managed by Wellington Management Company and 9% of the assets were managed by Hartford Investment Management Company.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    0.3 %
 
Banks
    1.4  
 
Capital Goods
    10.0  
 
Commercial & Professional Services
    3.6  
 
Consumer Durables & Apparel
    2.8  
 
Consumer Services
    4.7  
 
Diversified Financials
    1.2  
 
Energy
    4.5  
 
Food & Staples Retailing
    0.7  
 
Food, Beverage & Tobacco
    0.7  
 
Health Care Equipment & Services
    9.9  
 
Household & Personal Products
    2.4  
 
Insurance
    2.1  
 
Materials
    1.7  
 
Media
    2.2  
 
Pharmaceuticals, Biotechnology & Life Sciences
    13.8  
 
Real Estate
    1.1  
 
Retailing
    4.4  
 
Semiconductors & Semiconductor Equipment
    5.0  
 
Software & Services
    12.9  
 
Technology
    0.2  
 
Technology Hardware & Equipment
    7.4  
 
Telecommunication Services
    2.0  
 
Transportation
    2.7  
 
Utilities
    0.5  
 
Short-Term Investments
    1.8  
 
Other Assets and Liabilities
     
 
Total
    100.0 %
 
         
 
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Table of Contents

 
Hartford SmallCap Value HLS Fund inception 5/1/1998
(subadvised by: Kayne Anderson Rudnick Investment Management, LLC
                    Metropolitan West Capital Management, LLC
                    SSgA Funds Management, Inc.)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 2000 Value Index is an unmanaged index measuring the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks capital appreciation.
Average Annual Returns(2,3) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
SmallCap Value IA
    -18.38 %     -1.26 %     5.97 %
 
SmallCap Value IB
    -18.68 %     -1.50 %     5.71 %
 
Russell 2000 Value Index
    -25.24 %     -2.27 %     5.00 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
(3)   Class IB shares commenced on July 1, 2003. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects the actual Class IB share performance.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
         
Kayne Anderson Rudnick Investment Management, LLC
  Metropolitan West Capital Management, LLC   SSgA Funds Management, Inc.
Robert A. Schwarzkopf, CFA
  Samir Sikka   William H. DeRoche, CFA
Managing Director
  Senior Vice President   Principal
Craig Stone
      Chuck Martin
Julie Kutasov, CPA
      Principal
 
How did the Fund perform?
The Class IA shares of the Hartford SmallCap Value HLS Fund returned 1.32% for the six-month period ended June 30, 2009. The Fund outperformed the -5.17% return of its benchmark, the Russell 2000 Value Index, and underperformed the 3.16% return of the Lipper Small Cap Value VP-UF Funds peer group average, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
With the thawing of the credit markets and the faint glow of an economic recovery on the horizon, U.S. equity prices rebounded sharply in the second quarter of 2009 following six consecutive quarterly declines. At least temporarily, investors set aside long-standing fears of persistent economic weakness, declining corporate profits and an unstable banking industry, driving equity prices higher. At the end of the six-month period, the broad market S&P 500 Index had risen a remarkable 36.9% from its March 9, 2009 low. Within the Russell 2000 Value Index, Information Technology (26%) and Consumer Discretionary (21%) were the best performing sectors while Financials (-20%) was the worst performing sector.
Stock selection was the primary driver of the Fund’s performance during the period. Detractors from performance included Cathay General Bancorp (Financials) and Zions Bancorp (Financials). Regional banks Cathay General and Zions both decreased on concerns over commercial real estate losses. The extreme volatility in Financials substantiates the belief that many stock prices have become completely divorced from fundamentals, as Cathay was the top performer in the second half of 2008 and Zions was in the top ten. Despite what their stock prices appear to convey, these businesses clearly haven’t changed drastically in the last few months.
Borders Group (Consumer Discretionary), Tempur-Pedic International (Consumer Discretionary) and Advanced Medical Optics (Health Care) were top relative performers. Borders Group, a company that operates book, music and movie stores, rose over 800% during the period. Borders shares declined in
         
 
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2008 on an overreaction to the economic downturn as well as liquidity concerns at the company. However in 2009, fickle investors caused a sizable rebound in the stock due to strong cash flow generation in the fourth quarter of 2008 and a management change in early 2009. Tempur-Pedic, which was one of our worst performers in 2008, boosted its gross margin and beat analysts expectations during the period due to lower costs and declining selling and marketing expenses in response to reduced consumer discretionary spending. Shares of eye care firm Advanced Medical Optics, the market leader in LASIK surgical devices, more than doubled during the period on news of a takeover bid from Abbott Laboratories.
What is the outlook?
The worst of the economic pain is likely behind us as the massive policy response from the Treasury and the Federal Reserve has led to an improved credit environment, although not yet a completely healthy one. We believe the full impact of the Federal government stimulus program will take hold gradually and, while economic growth will turn positive, we expect it to be slower than normal over the next few years. Equity markets could do well in this environment. Slow, steady growth accompanied by relatively low and non-volatile interest rates could be positive for corporate earnings. We also believe that equity returns should beat most fixed income alternatives as investors begin to reinvest their low-yielding cash positions in the stock market.
Currently, the Fund’s overweight positions relative to the benchmark (i.e. the Fund’s sector position was greater than the benchmark position) were in Industrials and Health Care. Conversely, the Fund’s largest underweight position relative to the benchmark (i.e. the Fund’s sector position was less than the benchmark position) continues to be in Financials. We believe that the complementary style of the three sub-advisers provides the Fund with a well positioned portfolio in this environment to add value relative to the market and its peers.
At June 30, 2009, 35% of the Fund’s assets were managed by Kayne Anderson Rudnick Investment Management, 33% were managed by Metropolitan West Capital Management and 32% were managed by SSgA Funds Management.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    0.6 %
 
Banks
    7.5  
 
Capital Goods
    9.6  
 
Commercial & Professional Services
    7.5  
 
Consumer Durables & Apparel
    4.2  
 
Consumer Services
    3.3  
 
Diversified Financials
    5.1  
 
Energy
    5.8  
 
Food & Staples Retailing
    0.3  
 
Food, Beverage & Tobacco
    2.0  
 
Health Care Equipment & Services
    7.8  
 
Household & Personal Products
    3.1  
 
Insurance
    3.0  
 
Materials
    3.1  
 
Media
    0.7  
 
Pharmaceuticals, Biotechnology & Life Sciences
    1.6  
 
Real Estate
    4.5  
 
Retailing
    3.1  
 
Semiconductors & Semiconductor Equipment
    2.2  
 
Software & Services
    8.7  
 
Technology Hardware & Equipment
    4.9  
 
Telecommunication Services
    0.8  
 
Transportation
    3.8  
 
Utilities
    2.4  
 
Short-Term Investments
    4.5  
 
Other Assets and Liabilities
    (0.1 )
 
Total
    100.0 %
 
         
 
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Table of Contents

Hartford Stock HLS Fund inception 8/31/1977
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Stock IA
    -25.63 %     -2.77 %     -3.07 %
 
Stock IB
    -25.81 %     -3.01 %     -3.29 %
 
S&P 500 Index
    -26.21 %     -2.24 %     -2.22 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
     
Steven T. Irons, CFA
  Peter I. Higgins, CFA
Senior Vice President, Partner
  Senior Vice President, Partner
How did the Fund perform?
The Class IA shares of the Hartford Stock HLS Fund returned 12.10% for the six-month period ended June 30, 2009, outperforming its benchmark, the S&P 500 Index which returned 3.16% for the same period. The Fund also outperformed the 5.23% return of the average fund in the Lipper Large-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed large (+3.2%) and small (+2.6%) cap stocks during the period, as measured by the S&P MidCap 400, S&P 500, and Russell 2000 indices, respectively. Growth (+11.5%) stocks significantly outperformed Value (-2.9%) stocks, as measured by the Russell 1000 Growth and Russell 1000 Value indices. Within the S&P 500, the Information Technology (+25%), Materials (+14%), and Consumer Discretionary (+9%) posted the largest gains. Industrials (-6%), Telecommunication Services (-4%), and Financials (-3%) experienced the largest losses.
The Fund’s outperformance versus the benchmark was driven by security selection, which was strongest in Energy, Financials, Health Care, and Information Technology. Sector positioning, which is a result of bottom-up security selection, also contributed to relative (i.e. performance of the Fund as measured against the benchmark) performance due to overweight (i.e. the Fund’s sector position was greater than the benchmark position) exposures to Information Technology and Consumer Discretionary, and underweight (i.e. the Fund’s sector position was less than the benchmark position) exposures to Utilities and Telecommunication Services.
         
 
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Top contributors to relative performance during the period were Goldman Sachs (Financials), Schering-Plough (Health Care) and Petrol Brasileiros (Energy). Shares of Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Schering-Plough’s share price jumped after receiving a takeout offer by Merck. Brazil-based oil and gas exploration and production company Petrol Brasileiros reported solid results aided by reduced exploration and production lifting costs and strong refining and downstream earnings, driving shares higher. They also benefited from the overall improvement in the global economy which led to capital flows back into emerging market companies. The Fund’s holding in Apple (Information Technology) also contributed positively to the Fund’s returns on an absolute (i.e. total return) basis.
Stocks that detracted the most from relative returns during the period were Delta Air Lines (Industrials), Wells Fargo (Financials), and Shionogi (Health Care). Delta Airlines’ shares fell during the period on news of soft revenue metrics and a general contraction in demand across the travel industry, which investors feared would overshadow the benefits of industry-wide capacity reductions. Shares of diversified financial services company Wells Fargo fell early in the period amid concerns over its acquisition of Wachovia, the potential impact of worsening credit trends, and the possibility that it might have to raise additional equity. Japan-based pharmaceutical company Shionogi’s third quarter domestic product sales were weaker than expected and its royalty income from international Crestor sales suffered due to the appreciating Yen. The combination of these two events forced Shionogi to lower their full-year earnings outlook, driving its stock price downward. Not owning IBM (Information Technology), whose shares outperformed as it reported better-than-expected earnings, negatively impacted relative performance. General Electric (Industrials) also detracted from absolute returns.
What is the outlook?
While investors have stopped worrying—for the moment—about the solvency of the banking system and the freezing of global credit, that concern has shifted to the implications of government involvement in private enterprise and the troubling trajectories of unemployment and corporate profits. In the midst of this uncertainty we continue to focus our efforts on stock-by-stock fundamental research to construct a diversified large-cap core portfolio. We look for companies that exhibit the following qualities: industry leadership, strong balance sheets, solid management, high return on equity, accelerating earnings, and/or attractive valuation with a catalyst. At the end of the period, our bottom-up investment approach resulted in overweight exposures in Financials, Information Technology, and Energy, as we found a number of attractive investment opportunities in these sectors. The Fund’s largest underweights relative to the S&P 500 Index were in Consumer Staples, Telecommunication Services, and Materials.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    0.5 %
 
Banks
    3.7  
 
Capital Goods
    7.6  
 
Diversified Financials
    12.3  
 
Energy
    14.0  
 
Food & Staples Retailing
    2.9  
 
Food, Beverage & Tobacco
    5.7  
 
Health Care Equipment & Services
    3.0  
 
Household & Personal Products
    0.8  
 
Insurance
    1.0  
 
Materials
    1.4  
 
Media
    3.8  
 
Pharmaceuticals, Biotechnology & Life Sciences
    9.6  
 
Real Estate
    0.0  
 
Retailing
    6.1  
 
Semiconductors & Semiconductor Equipment
    3.2  
 
Software & Services
    6.9  
 
Technology Hardware & Equipment
    10.4  
 
Telecommunication Services
    1.2  
 
Transportation
    3.0  
 
Utilities
    2.4  
 
Short-Term Investments
    0.3  
 
Other Assets and Liabilities
    0.2  
 
Total
    100.0 %
 
         
 
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Hartford Total Return Bond HLS Fund inception 8/31/1977
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Barclays Capital U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Capital Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index.
Investment goal — Seeks a competitive total return, with income as a secondary objective.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Total Return Bond IA
    -0.84 %     3.05 %     5.38 %
 
Total Return Bond IB
    -1.09 %     2.80 %     5.14 %
 
Barclays Capital U.S. Aggregate Bond Index
    6.05 %     5.01 %     5.98 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Nasri Toutoungi
Managing Director
How did the Fund perform?
The Class IA Shares of the Hartford Total Return Bond HLS Fund returned 7.03% for the six-month period ended June 30, 2009, outperforming its benchmark, the Barclays Capital U.S. Aggregate Bond Index, which returned 1.90%, and the Lipper Intermediate Investment Grade Debt VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 5.34%.
Why did the Fund perform this way?
The Fund was overweight versus the Investment Grade credit sector (i.e. the Fund’s sector position was greater than the benchmark position) over the period, and strong performance of financial and industrial issues in that sector helped to drive the Fund’s outperformance. Additionally, out of benchmark allocations to spread product (i.e. the additional compensation paid to investors in a given asset class relative to Treasuries), such as high yield corporates and bank loans, contributed to performance as market demand for higher yielding assets increased over the period.
Being underweight versus the benchmark in U.S. government bonds and Mortgage Backed Securities (MBS) also benefited performance. For the six-month period ending June 30, 2009, the U.S. Treasury index returned -4.30%, while the U.S. Credit and U.S. High Yield indices returned 6.87% and 30.44% respectively.
The Fund also benefited from an allocation to high quality Commercial Mortgage Backed securities (CMBS), when the sector rallied on details of the Public-Private Investment Plan (PPIP) and Term Asset Backed Loan Facility (TALF) programs.
The Federal Open Market Committee (the Fed) continued to target the overnight Fed Funds rate at just above 0%. This accommodative policy kept short maturity Treasury yields low. The funding requirements of the government have grown with the introduction of additional stimulus programs, and excess supply concerns pushed longer maturity Treasury yields higher. This concern was partially offset with the announcement of outright Treasury purchasing by the Fed, but supply and demand imbalance uncertainty remained. Moreover, concerns of current
         
 
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stimulus leading to future inflation left many investment firms backing away from duration. As a result, the curve steepened year to date ending June 30, 2009 with the two-year Treasury yield increasing from 0.76% to 1.11% and the 30-year Treasury yield increasing from 2.67% to 4.33%. Duration (i.e. a measure of interest-rate sensitivity) was close to neutral through most of the first half of the year with tactical range positioning.
What is the outlook?
In the months following the collapse of Lehman Brothers, market participants of all types maneuvered defensively to cash positions in the face of great uncertainty. But investors who shunned the historically inexpensive credit risk at year end, found themselves clamoring for credit risk at significantly higher prices in the second quarter of 2009. Signs of economic “green shoots” continued as the Fed’s liquidity injections and the Treasury Department’s optimistic assessment of the banking system thinned the cloud of uncertainty hanging over the markets. The Fund entered the year overweight credit risk and added to that overweight throughout the first and second quarters of 2009. Although the position contributed positively to performance year-to-date, our affinity for credit risk is waning.
We do not expect the economy to make a V-shaped recovery. The Federal Reserve will likely keep the Fed Funds overnight rate close to zero through the rest of the year, possibly longer. This should help anchor the front end of the yield curve at lower rates. We expect that ten and thirty-year maturity yields will continue to be volatile. Record Treasury issuance, ebbing foreign central bank confidence and the potential for stimulus to ignite future inflation have pressured rates higher this year. That said, an economy operating well below its capacity is not likely to spark inflation, and without viable alternatives, the U.S. dollar remains the global reserve currency. In the long term, we see U.S. Treasury rates going higher. In the near term, long Treasuries should still benefit from periodic flights to quality.
Near term, we remain tactical in our exposure to interest rate changes and we have begun to take some corporate risk off the table. The potential for repricing of spread sectors (i.e. the additional compensation paid to investors in a given asset class relative to Treasuries) to cheaper levels is concerning, and we will likely continue to decrease our overweights and remain in higher quality issuers, as we have come to believe we are not yet in the last inning of this recession.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Banks
    0.0 %
 
Basic Materials
    3.2  
 
Capital Goods
    0.9  
 
Consumer Cyclical
    1.8  
 
Consumer Staples
    1.9  
 
Energy
    4.4  
 
Finance
    21.8  
 
Foreign Governments
    2.3  
 
General Obligations
    0.2  
 
Health Care
    4.2  
 
Services
    2.5  
 
Tax Allocation
    0.0  
 
Technology
    7.7  
 
Telecommunication Services
    0.0  
 
Transportation
    0.6  
 
U.S. Government Agencies
    26.9  
 
U.S. Government Securities
    11.2  
 
Utilities
    4.8  
 
Short-Term Investments
    3.3  
 
Other Assets and Liabilities
    2.3  
 
Total
    100.0 %
 
Distribution by Security Type
as of June 30, 2009
         
    Percentage of
Category   Net Assets
 
Asset & Commercial Mortgage Backed Securities
    10.2 %
 
Common Stocks
    0.0  
 
Corporate Bonds: Investment Grade
    35.0  
 
Corporate Bonds: Non-Investment Grade
    7.3  
 
Municipal Bonds
    0.2  
 
Preferred Stocks
    0.0  
 
Senior Floating Rate Interests: Non-Investment Grade
    3.6  
 
U.S. Government Agencies
    26.9  
 
U.S. Government Securities
    11.2  
 
Warrants
    0.0  
 
Short-Term Investments
    3.3  
 
Other Assets and Liabilities
    2.3  
 
Total
    100.0 %
 
Distribution by Credit Quality
as of June 30, 2009
         
    Percentage of
    Long Term
Rating   Holdings
 
AAA
    50.1 %
 
AA
    8.0  
 
A
    14.5  
 
BBB
    15.2  
 
BB
    8.3  
 
B
    3.4  
 
CCC
    0.5  
 
Total
    100.0 %
 
         
 
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Table of Contents

Hartford U.S. Government Securities HLS Fund inception 3/24/1987
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Barclays Capital Intermediate Government Bond Index is an unmanaged index of government bonds with maturities of between one and ten years.
Investment goal — Seeks to maximize total return while providing shareholders with a high level of current income consistent with prudent investment risk.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
U.S. Government Securities IA
    -0.27 %     2.44 %     4.37 %
 
U.S. Government Securities IB
    -0.52 %     2.18 %     4.11 %
 
Barclays Capital Intermediate Government Bond Index
    6.42 %     5.00 %     5.63 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
     
Russell M. Regenauer, CFA
  John Hendricks
Senior Vice President
  Senior Vice President
How did the Fund perform?
The Class IA Shares of the Hartford U.S. Government Securities HLS Fund returned 0.64% for the six-month period ended June 30, 2009, outperforming its benchmark, the Barclays Capital Intermediate Government Bond Index, which returned -1.52%, and underperforming the Lipper General U.S. Government VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 1.81%.
Why did the Fund perform this way?
In the first half of 2009, the U.S. government increased its programs designed to support the capital markets. This support included the Federal Reserve (Fed) increasing its commitment to purchase Agency debentures and pass-throughs from $500B to $1,250B. It also announced a Quantitative Easing program (QE) to purchase Treasury Securities. In addition, the Treasury announced the creation of the Public-Private Investment Program (PPIP) and an expansion of the Term Asset-Backed Securities Loan Facility (TALF) plan to include Residential and Commercial Mortgage backed securities (CMBS). The spreads in these aforementioned sectors widened (i.e. short and long term interest rates moving farther apart) considerably in the beginning of the first quarter, but with the announcement of the previously mentioned programs, spreads tightened (i.e. short and long term interest rates moving closer together) and outperformed Treasury Securities over the period. The primary source of the Fund’s outperformance for the period was its investments in Government Sponsored Enterprise (GSE) debentures as well as out of benchmark allocations to Small Business Administration (SBA) securities and GSE mortgage-backed securities.
Detractors to the Fund’s performance over the period included duration positioning (i.e. a measure of interest-rate sensitivity) and yield curve positioning. For the period, rates finished higher, with longer maturity rates rising more than shorter maturity rates.
What is the outlook?
We believe the Fed will remain committed to purchasing MBS and Agency Debentures for the balance of 2009. And although the Fed has stated its commitment to keeping long-term rates low, it does not appear to be targeting a set mortgage rate. The Fed also appears to be satisfied with its $300B of QE despite the rise in rate volatility experienced by the markets in June. We believe interest rate volatility could increase, especially after the
         
 
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summer months. With uncertainty over the size and details of the PPIP and TALF programs, we also expect price volatility in MBS, ABS, CMBS, and SBAs to remain high.
We also expect to see further declines in housing prices later in the year. As this occurs, we expect further legislation to support the housing market will be enacted. Uncertainty over the final form of this legislation will keep fears of prepayment and loss severity in residential mortgage securities high. We will continue to monitor the rates markets closely, as increased government involvement will likely result in a record supply of Treasury securities. While in the short-term we expect further economic weakness, the growing supply of outstanding Treasury debt has the potential to add upward positive pressure on interest rates.
Distribution by Security Type
as of June 30, 2009
         
    Percentage of
Category   Net Assets
 
Asset & Commercial Mortgage Backed Securities
    7.5 %
 
Corporate Bonds: Investment Grade
    3.9  
 
Put Options Purchased
    0.0  
 
U.S. Government Agencies
    63.1  
 
U.S. Government Securities
    19.8  
 
Short-Term Investments
    5.0  
 
Other Assets and Liabilities
    0.7  
 
Total
    100.0 %
 
Distribution by Credit Quality
as of June 30, 2009
         
    Percentage of
    Long Term
Rating   Holdings
 
AAA
    95.6 %
 
AA
    1.1  
 
A
    1.2  
 
BBB
    0.4  
 
BB
    0.6  
 
CCC
    1.1  
 
Total
    100.0 %
 
         
 
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Hartford Value HLS Fund inception 4/30/2001
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks long-term total return.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   Since Inception
 
Value IA
    -25.04 %     0.91 %     0.85 %
 
Value IB
    -25.23 %     0.66 %     0.61 %
 
Russell 1000 Value Index
    -29.03 %     -2.13 %     -0.24 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
         
Ian Link, CFA
  Karen H. Grimes, CFA   W. Michael Reckmeyer, III, CFA
Vice President
  Senior Vice President   Senior Vice President
How did the Fund perform?
The Class IA shares of the Hartford Value HLS Fund returned 2.69% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 1000 Value Index, which returned -2.87% for the same period. The Fund also outperformed the 0.43% return of the average fund in the Lipper Large-Cap Value VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Broad U.S. equity markets fell during the period, but this overall decline masks two significantly different market environments. From January through early March, stocks fell sharply, reflecting deepening economic worries and concerns over the U.S. government’s increasing involvement in the economy. Beginning in early March stocks rallied as investors came to believe that a Depression-like scenario was less likely. Sector returns within the Russell 1000 Value Index diverged widely in this environment, with weakness in Industrials (-13%),
Energy (-7%) and Financials (-6%), overshadowing strength in Information Technology (+22%), Materials (+15%), and Consumer Discretionary (+4%).
The Fund outperformed its benchmark primarily due to stock selection. Selection was particularly strong within Energy, Industrials, and Consumer Staples, with weaker results in Information Technology, Telecommunication Services, and Materials. Allocation among sectors, a fall-out of the bottom-up stock selection process, also was additive, due to overweight (i.e. the Fund’s sector position was greater than the benchmark position) positions in Information Technology, Consumer Staples, and Materials and an underweight (i.e. the Fund’s sector position was less than the benchmark position) in Financials.
The top contributors to absolute (i.e. total return) and benchmark-relative (i.e. performance of the Fund as measured against the benchmark) returns were Goldman Sachs (Financials), Schering-Plough (Health Care), and Newfield Exploration (Energy). Shares of U.S. bank holding company and investment bank Goldman Sachs continued to benefit from the firm’s relative strength versus peers and its intention to pay back government loans. Schering-Plough is a global health care company with interests in pharmaceuticals, animal health, and consumer products. The company’s shares jumped after it announced a definitive merger agreement with Merck. Newfield Exploration, an independent exploration and production
         
 
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company, saw its shares gain on a strong quarterly report, driven by production levels that exceeded expectations.
ACE (Financials), Morgan Stanley (Financials), and Chubb (Financials) detracted most from relative returns. Worldwide property/casualty insurance and reinsurance provider ACE saw its shares decline on concerns about falling book value. Shares of global financial services company Morgan Stanley rallied as investment banks benefited from increased volumes and higher profit margins. The Fund’s relative performance was negatively impacted by not holding a position in the stock. Chubb, a property and casualty insurance company, announced weak first quarter results, pushing its shares lower. Stocks that detracted most from absolute returns included industrial and financial company General Electric (Industrials) and global energy company Exxon Mobil (Energy).
What is the outlook?
As the deterioration in macroeconomic data began to moderate during the first half of the year, investors removed the worst-case depression scenario from their outlook, propelling stocks higher. Government intervention has helped to stabilize the financial sector, resulting in tightening (i.e. short and long term interest rates moving closer together) credit spreads and greater flexibility for companies to raise both debt and equity financing. While indications of demand side strength remain muted, a pick-up in industrial equipment rental activity in the U.S. and continued growth from emerging markets provide early indications that demand declines may be moderating. However, rising unemployment and falling home prices foreshadow continued economic challenges ahead. In addition, the current recession is based on a financial contraction, whereas many prior, and shorter, contractions had an imbalance of aggregate supply and demand as their primary source. As our economic system is built on credit, the ultimate path to recovery remains unclear.
In this environment we continue to apply our time-tested philosophy focused on building a portfolio in which expected growth and the dividend yield are better than the market and valuations are lower than the market. Based on bottom-up stock decisions, we ended the period most overweight the Information Technology, Consumer Staples, and Health Care sectors; our largest underweights were in Telecommunications Services, Energy, and Utilities.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Banks
    4.8 %
 
Capital Goods
    8.0  
 
Commercial & Professional Services
    1.0  
 
Consumer Durables & Apparel
    2.6  
 
Diversified Financials
    10.5  
 
Energy
    17.1  
 
Food & Staples Retailing
    3.7  
 
Food, Beverage & Tobacco
    4.4  
 
Health Care Equipment & Services
    5.0  
 
Household & Personal Products
    0.9  
 
Insurance
    6.2  
 
Materials
    3.8  
 
Media
    2.1  
 
Pharmaceuticals, Biotechnology & Life Sciences
    6.7  
 
Real Estate
    0.8  
 
Retailing
    3.2  
 
Semiconductors & Semiconductor Equipment
    2.8  
 
Software & Services
    1.8  
 
Technology Hardware & Equipment
    3.8  
 
Telecommunication Services
    3.5  
 
Transportation
    0.8  
 
Utilities
    5.4  
 
Short-Term Investments
    1.0  
 
Other Assets and Liabilities
    0.1  
 
Total
    100.0 %
 
         
 
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Table of Contents

Hartford Value Opportunities HLS Fund inception 5/1/1996
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
(LINE GRAPH)
Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values.
Russell 3000 Value Index is an unmanaged index measuring the performance of those Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
                         
    1 Year   5 Year   10 Year
 
Value Opportunities IA
    -18.05 %     -1.79 %     1.54 %
 
Value Opportunities IB
    -18.26 %     -2.03 %     1.28 %
 
Russell 1000 Value Index
    -29.03 %     -2.13 %     -0.15 %
 
Russell 3000 Value Index
    -28.73 %     -2.14 %     0.21 %
 
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1)   Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class.
 
(2)   Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance.
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
         
David R. Fassnacht, CFA
  James N. Mordy   David W. Palmer, CFA
Senior Vice President, Partner
  Senior Vice President, Partner   Vice President
How did the Fund perform?
The Class IA shares of the Hartford Value Opportunities HLS Fund returned 13.52% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 3000 Value Index, which returned -3.05% for the same period. The Fund also outperformed the 3.65% return of the average fund in the Lipper Multi-Cap Value VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Sharp increases in unemployment and uncertainty over the stimulus package got 2009 off to a weak start. However, nascent signs of a bottoming in the fortunes of the financial industry, coupled with aggressive intervention by the U.S. Federal Reserve in the capital markets led to increased investor risk appetite beginning in early March. These actions stoked hopes for a degree of stabilization in the broader economy and a reversal of the inventory liquidations which have decimated demand in certain sectors, leading equity markets to rally sharply through mid-June. Against this backdrop, pro-cyclical stocks did especially well at the expense of “safe” names.
In this environment, mid-cap stocks (+8.5%) outperformed small (+2.6%) and large-cap stocks (+3.2%), as measured by the S&P MidCap 400, Russell 2000 and S&P 500 indices, respectively. Growth (+11.5%) significantly outperformed Value (-3.1%), as measured by the Russell 3000 Growth and Russell 3000 Value indexes. Within the Russell 3000 Value Index, Information Technology, Materials, and Consumer Discretionary rose, while Industrials, Financials and Energy declined the most.
Favorable stock selection in eight of the ten broad economic sectors was the primary driver of the Fund’s outperformance versus the benchmark. Security selection was most additive in Energy, Financials, and Consumer Staples, while results trailed the benchmark in Industrials. Sector allocation also contributed positively to the Fund’s relative (i.e. performance of the Fund as measured against the benchmark) performance, due largely to an
         
 
  59  


Table of Contents

overweight (i.e. the Fund’s sector position was greater than the benchmark position) position in Information Technology.
The largest contributors to relative and absolute (i.e. total return) performance were TRW Automotive (Consumer Discretionary), Marine Harvest (Consumer Staples), and Newfield Exploration (Energy). Shares of auto parts supplier TRW Automotive rebounded strongly with signs of stabilizing auto sales in the U.S. and Europe and reduced concerns over interest payments on debt as the company amended its agreements with lenders. Salmon farming company Marine Harvest’s shares gained significantly as constrained industry supply out of Chile sent wholesale salmon prices to multi-year highs. In addition, Wall Street’s concerns that the company would need to raise equity to repay debt abated as interest coverage metrics improved with higher product prices. Oil and gas producer Newfield Exploration rallied as investors became more convinced that the oversupply situation in the natural gas industry would start to self-correct in the next few quarters. In addition, the company’s new CEO has done a better job of focusing attention on the value of the company’s reserve base.
The largest detractors from relative performance included Delta Airlines (Industrials), U.S. Airways (Industrials), and ACE (Financials). Shares of U.S. Airways and Delta fell as demand for air travel declined even faster than aggressive industry capacity cuts; a decline in high-fare business travel also affected revenue-per-seat metrics. Worldwide property/casualty insurance and reinsurance provider ACE saw its shares decline following strong relative performance in 2008 as investors rotated into riskier Financials stocks. Top detractors from absolute returns also included Humana (Health Care).
What is the outlook?
Market sentiment finally started to improve over recent months as investors chose to look for signs of an upturn in economic activity, stabilization of home prices, and an end to rising unemployment. To date, clear evidence remains elusive. Company managements continue to be hopeful of eventual improvement, but there are few signs of an actual turn in business fundamentals. Transport metrics, which track shipments of raw materials for processing and finished goods to distribution and are therefore often a leading indicator of an accelerating economy, have shown few signs of a material pickup to date. For this reason, we have used the vigorous rebound in many stocks as a chance to trim back certain economically-sensitive holdings and to diversify some of the risks in the Fund.
Against this backdrop, the Fund ended the period most overweight Information Technology, Health Care, and Financials and most underweight (i.e. the Fund’s sector position was less than the benchmark position) Telecommunication Services, Energy, and Utilities relative to the benchmark.
Diversification by Industry
as of June 30, 2009
         
    Percentage of
Industry   Net Assets
 
Automobiles & Components
    1.4 %
 
Banks
    2.6  
 
Capital Goods
    5.9  
 
Consumer Durables & Apparel
    0.5  
 
Diversified Financials
    9.2  
 
Energy
    14.8  
 
Food & Staples Retailing
    1.7  
 
Food, Beverage & Tobacco
    4.8  
 
Health Care Equipment & Services
    6.1  
 
Insurance
    10.8  
 
Materials
    2.9  
 
Media
    4.0  
 
Pharmaceuticals, Biotechnology & Life Sciences
    7.9  
 
Real Estate
    2.6  
 
Retailing
    2.1  
 
Semiconductors & Semiconductor Equipment
    1.5  
 
Software & Services
    3.0  
 
Technology Hardware & Equipment
    8.2  
 
Transportation
    3.4  
 
Utilities
    4.4  
 
Short-Term Investments
    0.9  
 
Other Assets and Liabilities
    1.3  
 
Total
    100.0 %
 
         
 
  60  


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Hartford Advisers HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 66.7%
       
Automobiles & Components — 0.3%
  2,196    
Ford Motor Co. (D)
  $ 13,330  
                 
       
Banks — 2.4%
  265    
PNC Financial Services Group, Inc. 
    10,301  
  407    
Standard Chartered plc
    7,656  
  4,194    
Washington Mutual, Inc. Private Placement (H)(A)
    381  
  3,057    
Wells Fargo & Co. 
    74,161  
                 
                      92,499  
                         
       
Capital Goods — 5.1%
  314    
Boeing Co. 
    13,328  
  491    
Cummins, Inc. 
    17,281  
  197    
Danaher Corp. 
    12,144  
  410    
Deere & Co. 
    16,375  
  2,747    
General Electric Co. 
    32,199  
  853    
Honeywell International, Inc. 
    26,781  
  745    
Illinois Tool Works, Inc. 
    27,800  
  608    
Ingersoll-Rand Co. Class A
    12,697  
  265    
Lockheed Martin Corp. 
    21,332  
  242    
Siemens AG ADR
    16,772  
                 
                      196,709  
                         
       
Diversified Financials — 8.1%
  1,011    
Ameriprise Financial, Inc. 
    24,544  
  5,830    
Bank of America Corp. 
    76,955  
  2,881    
Discover Financial Services, Inc. 
    29,588  
  347    
Goldman Sachs Group, Inc. 
    51,088  
  1,492    
Invesco Ltd. 
    26,586  
  1,733    
JP Morgan Chase & Co. 
    59,116  
  913    
UBS AG
    11,215  
  2,703    
UBS AG ADR
    33,007  
                 
                      312,099  
                         
       
Energy — 9.6%
  262    
BP plc ADR
    12,497  
  358    
Cameco Corp. 
    9,173  
  131    
Chevron Corp. 
    8,672  
  425    
EOG Resources, Inc. 
    28,852  
  1,865    
Exxon Mobil Corp. 
    130,347  
  574    
Hess Corp. 
    30,853  
  521    
Marathon Oil Corp. 
    15,701  
  873    
OAO Gazprom Class S ADR
    17,672  
  370    
Occidental Petroleum Corp. 
    24,363  
  374    
Petro-Canada
    14,373  
  613    
Petroleo Brasileiro S.A. ADR
    25,121  
  666    
Schlumberger Ltd. 
    36,048  
  590    
Suncor Energy, Inc. ADR
    17,888  
                 
                      371,560  
                         
       
Food & Staples Retailing — 2.0%
  771    
Kroger Co. 
    16,992  
  1,013    
Safeway, Inc. 
    20,641  
  246    
Supervalu, Inc. 
    3,186  
  483    
Walgreen Co. 
    14,197  
  448    
Wal-Mart Stores, Inc. 
    21,716  
                 
                      76,732  
                         
       
Food, Beverage & Tobacco — 3.9%
  741    
General Mills, Inc. 
    41,528  
  1,454    
PepsiCo, Inc. 
    79,890  
  1,141    
Unilever N.V. NY Shares ADR
    27,589  
                 
                      149,007  
                         
       
Health Care Equipment & Services — 2.1%
  85    
Intuitive Surgical, Inc. (D)
    13,960  
  1,185    
Medtronic, Inc. 
    41,358  
  387    
Varian Medical Systems, Inc. (D)
    13,582  
  290    
Zimmer Holdings, Inc. (D)
    12,337  
                 
                      81,237  
                         
       
Household & Personal Products — 0.6%
  452    
Procter & Gamble Co. 
    23,113  
                 
       
Insurance — 0.7%
  328    
ACE Ltd. 
    14,505  
  596    
Marsh & McLennan Cos., Inc. 
    11,996  
                 
                      26,501  
                         
       
Materials — 0.9%
  617    
Cliff’s Natural Resources, Inc. 
    15,098  
  207    
Potash Corp. of Saskatchewan, Inc. 
    19,215  
                 
                      34,313  
                         
       
Media — 2.5%
  3,861    
Comcast Corp. Class A
    55,946  
  522    
Time Warner, Inc. 
    13,154  
  1,183    
Viacom, Inc. Class B (D)
    26,852  
                 
                      95,952  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 6.1%
  755    
Abbott Laboratories
    35,496  
  888    
Daiichi Sankyo Co., Ltd. 
    15,843  
  2,804    
Elan Corp. plc ADR (D)
    17,861  
  544    
Eli Lilly & Co. 
    18,851  
  1,230    
Merck & Co., Inc. 
    34,380  
  2,769    
Pfizer, Inc. 
    41,532  
  576    
Schering-Plough Corp. 
    14,474  
  1,297    
Shionogi & Co., Ltd. 
    25,050  
  369    
UCB S.A. 
    11,838  
  577    
Vertex Pharmaceuticals, Inc. (D)
    20,575  
                 
                      235,900  
                         
       
Real Estate — 0.0%
  2    
Simon Property Group, Inc. 
    126  
                 
       
Retailing — 4.2%
  354    
Best Buy Co., Inc. 
    11,862  
  11,241    
Buck Holdings L.P. (H)(D)(A)
    13,354  
  737    
Kohl’s Corp. (D)
    31,490  
  1,926    
Lowe’s Co., Inc. 
    37,384  
  652    
Nordstrom, Inc. 
    12,968  
  1,634    
Staples, Inc. 
    32,958  
  582    
Target Corp. 
    22,984  
                 
                      163,000  
                         
       
Semiconductors & Semiconductor Equipment — 2.2%
  577    
Lam Research Corp. (D)
    15,010  
  2,406    
Maxim Integrated Products, Inc. 
    37,756  
  1,471    
Texas Instruments, Inc. 
    31,330  
                 
                      84,096  
                         
       
Software & Services — 4.5%
  799    
Accenture Ltd. Class A
    26,728  
  76    
Google, Inc. (D)
    32,083  
  3,014    
Microsoft Corp. 
    71,647  
  589    
Oracle Corp. 
    12,623  
  1,959    
Western Union Co. 
    32,119  
                 
                      175,200  
                         
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  61  ­ ­


Table of Contents

 
Hartford Advisers HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
       
Technology Hardware & Equipment — 7.0%
  348    
Apple, Inc. (D)
  $ 49,537  
  3,674    
Cisco Systems, Inc. (D)
    68,478  
  710    
Corning, Inc. 
    11,396  
  2,851    
Flextronics International Ltd. (D)
    11,717  
  1,549    
Hewlett-Packard Co. 
    59,869  
  1,080    
NetApp, Inc. (D)
    21,306  
  1,038    
Qualcomm, Inc. 
    46,908  
                 
                      269,211  
                         
       
Telecommunication Services — 0.8%
  464    
AT&T, Inc. 
    11,536  
  1,549    
MetroPCS Communications, Inc. (D)
    20,612  
                 
                      32,148  
                         
       
Transportation — 2.0%
  4,329    
Delta Air Lines, Inc. (D)
    25,066  
  372    
FedEx Corp. 
    20,696  
  673    
United Parcel Service, Inc. Class B
    33,649  
                 
                      79,411  
                         
       
Utilities — 1.7%
  846    
Exelon Corp. 
    43,334  
  322    
Northeast Utilities
    7,175  
  364    
PG&E Corp. 
    14,004  
                 
                      64,513  
                         
       
Total common stocks
(cost $2,881,193)
  $ 2,576,657  
                 
                         
                         
WARRANTS — 0.0%
       
Banks — 0.0%
  524    
Washington Mutual, Inc. Private Placement (H)(D)(A)
     
                 
       
Total warrants
(cost $ — )
  $  
                 
                         
                         
Principal
                 
Amount                  
 
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 1.0%
       
Finance — 1.0%
       
Citibank Credit Card Issuance Trust
       
$ 11,945    
   5.65%, 09/20/2019
  $ 12,160  
       
Ford Credit Automotive Owner Trust
       
  1,859    
   5.26%, 10/15/2010
    1,868  
       
Harley-Davidson Motorcycle Trust
       
  12,375    
   5.21%, 06/17/2013
    12,660  
       
Marriott Vacation Club Owner Trust
       
  1,123    
   5.36%, 10/20/2028 (I)
    942  
       
USAA Automotive Owner Trust
       
  11,285    
   4.50%, 10/15/2013
    11,696  
                 
                      39,326  
                         
       
Total asset & commercial mortgage
backed securities
(cost $38,578)
  $ 39,326  
                 
                         
                         
CORPORATE BONDS: INVESTMENT GRADE — 13.9%
       
Capital Goods — 0.1%
       
Xerox Corp.
       
$ 6,000    
   5.50%, 05/15/2012
  $ 5,984  
                 
       
Consumer Cyclical — 0.5%
       
DaimlerChrysler NA Holdings Corp.
       
  9,550    
   6.50%, 11/15/2013
    9,708  
       
SCL Term Aereo Santiago S.A.
       
  8,614    
   6.95%, 07/01/2012 (I)
    9,202  
       
Staples, Inc.
       
  2,525    
   9.75%, 01/15/2014
    2,820  
                 
                      21,730  
                         
       
Consumer Staples — 0.6%
       
Anheuser-Busch InBev N.V.
       
  3,100    
   7.75%, 01/15/2019 (I)
    3,390  
       
Coca-Cola Enterprises, Inc.
       
  500    
   8.50%, 02/01/2022
    650  
       
Procter & Gamble Co.
       
  11,465    
   9.36%, 01/01/2021
    13,804  
       
Weyerhaeuser Co.
       
  2,975    
   7.38%, 03/15/2032
    2,374  
                 
                      20,218  
                         
       
Energy — 0.3%
       
Atmos Energy Corp.
       
  5,875    
   6.35%, 06/15/2017
    5,977  
       
Weatherford International Ltd.
       
  5,500    
   5.95%, 06/15/2012
    5,742  
                 
                      11,719  
                         
       
Finance — 8.7%
       
Ace INA Holdings, Inc.
       
  700    
   5.88%, 06/15/2014
    723  
       
American Express Centurion Bank
       
  6,350    
   6.00%, 09/13/2017
    5,792  
       
American International Group, Inc.
       
  1,200    
   6.25%, 03/15/2037
    297  
       
AXA Financial, Inc.
       
  10,800    
   7.00%, 04/01/2028
    8,220  
       
Berkshire Hathaway Finance Corp.
       
  5,500    
   4.85%, 01/15/2015
    5,725  
       
Brandywine Operating Partnership
       
  9,585    
   6.00%, 04/01/2016
    7,074  
       
Capital One Bank
       
  3,750    
   6.50%, 06/13/2013
    3,707  
       
Capital One Capital IV
       
  4,125    
   6.75%, 02/17/2037
    2,761  
       
Capital One Financial Corp.
       
  3,900    
   5.70%, 09/15/2011
    3,917  
       
Cincinnati Financial Corp.
       
  10,000    
   6.92%, 05/15/2028
    7,656  
       
Citibank NA
       
  26,000    
   1.88%, 06/04/2012
    25,930  
       
Citigroup, Inc.
       
  8,800    
   6.00%, 10/31/2033
    6,566  
       
COX Communications, Inc.
       
  9,000    
   5.45%, 12/15/2014
    8,934  
       
Developers Diversified Realty Corp.
       
  7,900    
   5.38%, 10/15/2012
    5,340  
       
Discover Financial Services, Inc.
       
  7,220    
   6.45%, 06/12/2017
    5,858  
       
Eaton Vance Corp.
       
  3,180    
   6.50%, 10/02/2017
    3,009  
       
Everest Reinsurance Holdings, Inc.
       
  4,525    
   5.40%, 10/15/2014
    3,955  
       
Goldman Sachs Group, Inc.
       
  20,000    
   1.63%, 07/15/2011
    20,109  
  5,500    
   5.30%, 02/14/2012
    5,692  
  6,000    
   5.63%, 01/15/2017
    5,703  
       
Health Care Properties
       
  9,780    
   6.00%, 01/30/2017
    8,291  
 
The accompanying notes are an integral part of these financial statements.

­ ­  62  ­ ­


Table of Contents

 

 


 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
CORPORATE BONDS: INVESTMENT GRADE — (continued)
                         
       
Finance — (continued)
       
HSBC Finance Corp.
       
$ 12,500    
   5.50%, 01/19/2016
  $ 11,760  
       
International Lease Finance Corp.
       
  10,500    
   5.00%, 09/15/2012
    8,121  
  6,350    
   5.63%, 09/15/2010
    5,705  
       
Jackson National Life Insurance Co.
       
  12,650    
   8.15%, 03/15/2027 (I)
    10,530  
       
John Deere Capital Corp.
       
  8,320    
   4.88%, 10/15/2010
    8,542  
       
JP Morgan Chase & Co.
       
  10,375    
   5.13%, 09/15/2014
    10,325  
       
Kimco Realty Corp.
       
  7,880    
   5.78%, 03/15/2016
    6,671  
       
Liberty Mutual Group, Inc.
       
  8,750    
   5.75%, 03/15/2014 (I)
    6,927  
       
Liberty Property L.P.
       
  1,325    
   6.63%, 10/01/2017
    1,124  
       
Merrill Lynch & Co., Inc.
       
  11,000    
   5.00%, 02/03/2014
    10,553  
  1,000    
   6.40%, 08/28/2017
    885  
  6,000    
   6.88%, 04/25/2018
    5,553  
       
Morgan Stanley
       
  13,000    
   5.38%, 10/15/2015
    12,738  
       
National City Corp.
       
  4,250    
   6.88%, 05/15/2019
    4,078  
       
New England Mutual Life Insurance Co.
       
  12,000    
   7.88%, 02/15/2024 (I)
    10,856  
       
Prologis Trust
       
  6,500    
   5.63%, 11/15/2016
    4,997  
       
Prudential Financial, Inc.
       
  8,000    
   5.50%, 03/15/2016
    7,502  
       
Realty Income Corp.
       
  4,830    
   6.75%, 08/15/2019
    4,351  
       
Republic New York Capital I
       
  500    
   7.75%, 11/15/2006
    445  
       
Santander Central Hispano Issuances Ltd.
       
  1,250    
   7.63%, 11/03/2009
    1,268  
       
Simon Property Group L.P.
       
  15,100    
   6.10%, 05/01/2016
    14,091  
       
Sovereign Bancorp, Inc.
       
  4,795    
   8.75%, 05/30/2018
    4,716  
       
Sovereign Capital Trust IV
       
  7,250    
   7.91%, 06/13/2036
    5,435  
       
Svenska Handelsbanken AB
       
  2,900    
   4.88%, 06/10/2014 (I)
    2,871  
       
Torchmark Corp.
       
  14,600    
   8.25%, 08/15/2009
    14,592  
       
UnitedHealth Group, Inc.
       
  2,500    
   5.50%, 11/15/2012
    2,587  
       
Wachovia Corp.
       
  10,000    
   5.25%, 08/01/2014
    9,786  
       
WEA Finance LLC
       
  5,000    
   7.13%, 04/15/2018 (I)
    4,641  
                 
                      336,909  
                         
       
Health Care — 0.5%
       
CVS Corp.
       
  7,725    
   6.13%, 08/15/2016
    8,003  
       
Express Scripts, Inc.
       
  1,020    
   6.25%, 06/15/2014
    1,079  
       
Merck & Co., Inc.
       
  2,100    
   4.00%, 06/30/2015
    2,137  
       
Schering-Plough Corp.
       
  9,000    
   5.55%, 12/01/2013
    9,667  
                 
                      20,886  
                         
       
Services — 0.3%
       
Comcast Corp.
       
  8,000    
   5.90%, 03/15/2016
    8,275  
       
Wyndham Worldwide Corp.
       
  3,100    
   6.00%, 12/01/2016
    2,424  
                 
                      10,699  
                         
       
Technology — 1.2%
       
AT&T, Inc.
       
  2,510    
   6.80%, 05/15/2036
    2,600  
       
BellSouth Telecommunications
       
  650    
   7.00%, 12/01/2095
    568  
       
Dell, Inc.
       
  2,735    
   5.88%, 06/15/2019
    2,792  
       
Fiserv, Inc.
       
  6,400    
   6.13%, 11/20/2012
    6,643  
       
France Telecom S.A.
       
  1,300    
   4.38%, 07/08/2014
    1,310  
       
General Electric Co.
       
  6,925    
   5.00%, 02/01/2013
    7,206  
       
Intuit, Inc.
       
  7,900    
   5.40%, 03/15/2012
    7,977  
       
Oracle Corp.
       
  2,850    
   6.13%, 07/08/2039 (Q)
    2,831  
       
Telecom Italia Capital
       
  2,700    
   7.72%, 06/04/2038
    2,750  
       
Time Warner Cable, Inc.
       
  4,580    
   5.85%, 05/01/2017
    4,574  
       
Verizon Communications, Inc.
       
  5,000    
   5.35%, 02/15/2011
    5,214  
       
Verizon Global Funding Corp.
       
  500    
   7.25%, 12/01/2010
    532  
                 
                      44,997  
                         
       
Transportation — 0.4%
       
Continental Airlines, Inc.
       
  4,140    
   5.98%, 04/19/2022
    3,416  
       
Southwest Airlines Co.
       
  8,700    
   5.75%, 12/15/2016
    8,065  
  3,337    
   6.15%, 08/01/2022
    3,104  
                 
                      14,585  
                         
       
Utilities — 1.3%
       
Consolidated Edison Co. of NY
       
  4,605    
   5.30%, 12/01/2016
    4,784  
       
Enel Finance International
       
  4,045    
   6.80%, 09/15/2037 (I)
    4,194  
       
Indianapolis Power and Light
       
  8,000    
   6.60%, 06/01/2037 (I)
    6,669  
       
Kinder Morgan Energy Partners L.P.
       
  5,000    
   6.95%, 01/15/2038
    4,843  
       
MidAmerican Energy Co.
       
  6,000    
   5.65%, 07/15/2012
    6,363  
       
Northern Border Pipeline Co.
       
  9,285    
   7.75%, 09/01/2009
    9,364  
       
Southern California Edison Co.
       
  8,000    
   5.55%, 01/15/2037
    8,008  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford Advisers HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
CORPORATE BONDS: INVESTMENT GRADE — (continued)
                         
       
Utilities — (continued)
       
Taqa Abu Dhabi National Energy Co.
       
$ 3,335    
   5.88%, 10/27/2016 (I)
  $ 3,119  
                 
                      47,344  
                         
       
Total corporate bonds: investment grade
(cost $570,737)
  $ 535,071  
                 
                         
                         
CORPORATE BONDS: NON-INVESTMENT GRADE — 0.1%
       
Finance — 0.1%
       
CIT Group, Inc.
       
$ 3,540    
   7.63%, 11/30/2012
  $ 2,424  
                 
       
Total corporate bonds: non-investment grade
(cost $3,504)
  $ 2,424  
                 
                         
                         
MUNICIPAL BONDS — 0.4%
       
General Obligations — 0.3%
       
Oregon School Boards Association, Taxable Pension,
       
$ 10,000    
   4.76%, 06/30/2028
  $ 8,699  
       
State of Illinois, Taxable Pension,
       
  3,045    
   5.10%, 06/01/2033
    2,705  
                 
                      11,404  
                         
       
Transportation — 0.1%
       
Dallas Texas Area Rapid Transit Sales Tax Rev,
       
  2,200    
   6.00%, 12/01/2044
    2,229  
       
Illinois State Toll Highway Auth,
       
  365    
   6.18%, 01/01/2034
    370  
       
New York and New Jersey PA,
       
  975    
   5.86%, 12/01/2024
    998  
  570    
   6.04%, 12/01/2029
    590  
                 
                      4,187  
                         
       
Total municipal bonds
(cost $17,121)
  $ 15,591  
                 
                         
                         
U.S. GOVERNMENT AGENCIES — 2.4%
       
Federal Home Loan Mortgage Corporation — 0.3%
$ 6,922    
   4.50%, 11/01/2037 — 02/01/2039
  $ 6,899  
                 
       
Federal National Mortgage Association — 0.1%
  1,500    
   5.00%, 08/15/2038 (Q)
    1,521  
  88    
   6.50%, 05/01/2036 — 07/01/2038
    94  
                 
                      1,615  
                         
       
Government National Mortgage Association — 1.0%
  24,856    
   5.50%, 05/15/2037 — 07/15/2037
    25,720  
  6,717    
   6.00%, 06/15/2024 — 05/15/2035
    7,053  
  2,338    
   6.50%, 03/15/2026 — 02/15/2035
    2,523  
  8,841    
   7.00%, 11/15/2031 — 11/15/2033
    9,570  
  83    
   7.50%, 09/16/2035
    91  
  1,336    
   8.00%, 09/15/2026 — 02/15/2031
    1,513  
  90    
   9.00%, 06/20/2016 — 06/15/2022
    96  
                 
                      46,566  
                         
       
Other Government Agencies — 1.0%
       
Small Business Administration Participation Certificates:
  32,057    
   8.95%, 06/15/2022
    39,591  
                 
       
Total U.S. government agencies
(cost $89,106)
  $ 94,671  
                 
                         
                         
U.S. GOVERNMENT SECURITIES — 11.2%
       
Other Direct Federal Obligations — 3.6%
       
Federal Financing Corporation:
$ 6,500    
   5.24%, 12/06/2013
  $ 5,485  
  11,117    
   5.25%, 12/27/2013
    9,355  
                 
                      14,840  
                         
       
Tennessee Valley Authority:
  64,300    
   4.38%, 06/15/2015
    68,008  
  50,000    
   6.00%, 03/15/2013
    55,848  
                 
                      123,856  
                         
                      138,696  
                         
       
U.S. Treasury Securities — 7.6%
       
U.S. Treasury Bonds — 2.8%
  22,000    
   4.25%, 05/15/2039
    21,776  
  22,000    
   4.38%, 02/15/2038
    22,217  
  18,000    
   6.00%, 02/15/2026
    21,710  
  33,650    
   6.25%, 08/15/2023
    40,990  
                 
                      106,693  
                         
       
U.S. Treasury Notes — 4.8%
  30,000    
   1.38%, 05/15/2012
    29,831  
  42,000    
   2.38%, 08/31/2010
    42,871  
  23,000    
   2.75%, 02/15/2019
    21,541  
  35,000    
   3.88%, 02/15/2013 — 05/15/2018 #
    36,420  
  30,135    
   4.13%, 08/15/2010
    31,332  
  13,000    
   4.25%, 08/15/2013
    14,055  
  9,950    
   4.75%, 05/31/2012
    10,849  
                 
                      186,899  
                         
                      293,592  
                         
       
Total U.S. government securities
(cost $418,848)
  $ 432,288  
                 
       
Total long-term investments
(cost $4,019,087)
  $ 3,696,028  
                 
                         
                         
SHORT-TERM INVESTMENTS — 4.1%
       
Repurchase Agreements — 4.1%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,838, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $10,035)
       
$ 9,838    
   0.09%, 6/30/2009
  $ 9,838  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $90,579, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $92,391)
       
  90,579    
   0.05%, 6/30/2009
    90,579  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $22,778, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $23,233)
       
  22,778    
   0.09%, 6/30/2009
    22,778  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $34,122, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $34,805)
       
  34,122    
   0.08%, 6/30/2009
    34,122  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
SHORT-TERM INVESTMENTS — (continued)
                         
       
Repurchase Agreements — (continued)
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $30, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $31)
       
$ 30    
   0.03%, 6/30/2009
  $ 30  
                 
                      157,347  
                         
       
Total short-term investments
(cost $157,347)
  $ 157,347  
                 
       
Total investments
(cost $4,176,434) (C)
    99.8 %   $ 3,853,375  
       
Other assets and liabilities
    0.2 %     9,523  
                         
       
Total net assets
    100.0 %   $ 3,862,898  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 8.0% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $4,268,726 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 188,762  
Unrealized Depreciation
    (604,113 )
         
Net Unrealized Depreciation
  $ (415,351 )
         
 
(A) The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $13,735, which represents 0.36% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.
 
(D) Currently non-income producing.
 
# This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.
 
(I) Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $63,341, which represents 1.64% of total net assets.
 
(Q) The cost of securities purchased on a when-issued or delayed delivery basis at June 30, 2009 was $4,353.
 
(H) The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.
 
                     
Period
  Shares/
       
Acquired
  Par   Security   Cost Basis
06/2007     11,241     Buck Holdings L.P.   $ 11,253  
04/2008     4,194     Washington Mutual, Inc.
Private Placement
    36,700  
04/2008     524     Washington Mutual, Inc. Private Placement Warrants      
 
The aggregate value of these securities at June 30, 2009 was $13,735 which represents 0.36% of total net assets.
 
PA — Port Authority
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Asset & Commercial Mortgage Backed Securities
  $ 39,326     $     $ 39,326     $  
Common Stocks
    2,576,657       2,491,320       71,602       13,735  
Corporate Bonds: Investment Grade
    535,071             528,551       6,520  
Corporate Bonds: Non-Investment Grade
    2,424             2,424        
Municipal Bonds
    15,591             15,591        
U.S. Government Agencies
    94,671             94,671        
U.S. Government Securities
    432,288       21,776       410,512        
Short-Term Investments
    157,347             157,347        
                                 
Total
  $ 3,853,375     $ 2,513,096     $ 1,320,024     $ 20,255  
                                 
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford Advisers HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                                         
    Balance as
          Change in
          Balance as
 
    of December
    Realized
    Unrealized
    Net
    of June
 
    31, 2008     Gain (Loss)     Appreciation     Sales     30, 2009  
 
Assets:
                                       
Asset & Commercial Mortgage Backed Securities
  $ 4,580     $ (3,577 )   $ 4,145*     $ (5,148 )   $  
Common Stock
    10,906             2,829 (A )           13,735  
Corporate Bonds
    5,251             1,324 #       (55 )     6,520  
                                         
Total
  $ 20,737     $ (3,577 )   $ 8,298     $ (5,203 )   $ 20,255  
                                         
 
* Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $ — .
 
(A) Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $2,829.
 
# Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $1,324.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

Hartford Capital Appreciation HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 97.2%
       
Automobiles & Components — 2.9%
  568    
Daimler AG
  $ 20,621  
  31,617    
Ford Motor Co. (D)
    191,917  
  303    
Michelin (C.G.D.E.) Class B
    17,379  
  837    
TRW Automotive Holdings Corp. (D)
    9,457  
                 
                      239,374  
                         
       
Banks — 4.0%
  1,792    
Barclays Bank plc
    8,325  
  2,185    
HSBC Holding plc
    18,202  
  1,693    
Huntington Bancshares, Inc. 
    7,077  
  54,494    
Industrial and Commercial Bank of China
    37,747  
  1,352    
Itau Unibanco Banco Multiplo S.A. ADR
    21,404  
  1,990    
Standard Chartered plc
    37,412  
  414    
Sumitomo Mitsui Financial Group, Inc. 
    16,769  
  954    
SunTrust Banks, Inc. 
    15,692  
  188    
US Bancorp
    3,365  
  469    
Washington Mutual, Inc. Private Placement (H)(A)
    43  
  6,645    
Wells Fargo & Co. 
    161,208  
                 
                      327,244  
                         
       
Capital Goods — 7.0%
  777    
ABB Ltd. ADR
    12,266  
  35    
Alliant Techsystems, Inc. (D)
    2,866  
  102    
AMETEK, Inc. 
    3,510  
  447    
BE Aerospace, Inc. (D)
    6,417  
  254    
Boeing Co. 
    10,786  
  400    
Briggs & Stratton Corp. 
    5,341  
  282    
Caterpillar, Inc. 
    9,307  
  220    
Cummins, Inc. 
    7,732  
  162    
Danaher Corp. 
    9,989  
  298    
Deere & Co. 
    11,921  
  482    
Dover Corp. 
    15,944  
  143    
Emerson Electric Co. 
    4,619  
  163    
First Solar, Inc. (D)
    26,476  
  239    
Flowserve Corp. 
    16,685  
  601    
Fluor Corp. 
    30,830  
  241    
Foster Wheeler AG (D)
    5,721  
  5,993    
General Electric Co. 
    70,239  
  3,812    
Hansen Transmissions (D)
    9,698  
  199    
Illinois Tool Works, Inc. 
    7,440  
  407    
Ingersoll-Rand Co. Class A
    8,515  
  39    
Jacobs Engineering Group, Inc. (D)
    1,662  
  230    
Joy Global, Inc. 
    8,225  
  157    
Lennox International, Inc. 
    5,041  
  94    
Lindsay Corp. 
    3,102  
  196    
Lockheed Martin Corp. 
    15,824  
  528    
Masco Corp. 
    5,057  
  88    
Parker-Hannifin Corp. 
    3,776  
  366    
Pentair, Inc. 
    9,374  
  360    
Precision Castparts Corp. 
    26,305  
  2,843    
Raytheon Co. 
    126,295  
  98    
Regal-Beloit Corp. 
    3,900  
  469    
Siemens AG
    32,453  
  298    
Spirit Aerosystems Holdings, Inc. (D)
    4,092  
  959    
Sunpower Corp. Class B (D)
    22,956  
  697    
Terex Corp. (D)
    8,407  
  150    
Vestas Wind Systems A/S (D)
    10,789  
  485    
Yingli Green Energy Holdings (D)
    6,574  
                 
                      570,134  
                         
       
Commercial & Professional Services — 0.2%
  361    
Corrections Corp. of America (D)
    6,140  
  533    
Monster Worldwide, Inc. (D)
    6,299  
                 
                      12,439  
                         
       
Consumer Durables & Apparel — 1.1%
  833    
Coach, Inc. 
    22,391  
  574    
Hanesbrands, Inc. (D)
    8,619  
  376    
Iconix Brand Group, Inc. (D)
    5,781  
  1,268    
Liz Claiborne, Inc. 
    3,652  
  3,697    
Newell Rubbermaid, Inc. 
    38,490  
  262    
Pool Corp. 
    4,337  
  209    
Toll Brothers, Inc. (D)
    3,550  
  110    
Warnaco Group, Inc. (D)
    3,564  
  71    
Whirlpool Corp. 
    3,018  
                 
                      93,402  
                         
       
Consumer Services — 1.2%
  189    
Apollo Group, Inc. Class A (D)
    13,460  
  230    
Brinks Home Security Holding (D)
    6,509  
  162    
Cheesecake Factory, Inc. (D)
    2,794  
  244    
Coinstar, Inc. (D)
    6,504  
  217    
Corinthian Colleges, Inc. (D)
    3,680  
  277    
Ctrip.com International Ltd. ADR (D)
    12,802  
  38    
Educomp Solutions Ltd. (D)
    3,010  
  283    
International Game Technology
    4,497  
  88    
ITT Educational Services, Inc. (D)
    8,875  
  84    
K12, Inc. (D)
    1,808  
  332    
Life Time Fitness, Inc. (D)
    6,649  
  1,143    
MGM Mirage, Inc. (D)
    7,302  
  13,938    
Shangri-La Asia Ltd. 
    20,586  
  8    
Weight Watchers International, Inc. 
    198  
                 
                      98,674  
                         
       
Diversified Financials — 7.4%
  1,465    
American Capital Ltd. 
    4,703  
  448    
Ameriprise Financial, Inc. 
    10,880  
  15,745    
Bank of America Corp. 
    207,828  
  798    
CIT Group, Inc. 
    1,715  
  423    
Deutsche Boerse AG
    32,958  
  968    
Discover Financial Services, Inc. 
    9,939  
  1,155    
Goldman Sachs Group, Inc. 
    170,259  
  2,000    
ING Groep N.V. 
    20,262  
  269    
Invesco Ltd. 
    4,799  
  448    
JP Morgan Chase & Co. 
    15,271  
  1,792    
Julius Baer Holding Ltd. 
    69,678  
  93    
Moody’s Corp. 
    2,450  
  162    
Morgan Stanley
    4,615  
  481    
Nomura Holdings, Inc. 
    4,058  
  442    
Oaktree Capital (I)(D)
    9,503  
  298    
PennantPark Investment Corp. 
    2,118  
  65    
State Street Corp. 
    3,082  
  527    
TD Ameritrade Holding Corp. (D)
    9,237  
  1,882    
UBS AG
    23,108  
  410    
UBS AG ADR
    5,006  
                 
                      611,469  
                         
       
Energy — 12.3%
  5,080    
Acergy S.A. 
    50,139  
  546    
Apache Corp. 
    39,410  
  90    
Arena Resources, Inc. (D)
    2,854  
  168    
Atwood Oceanics, Inc. (D)
    4,182  
  458    
Baker Hughes, Inc. 
    16,680  
  115    
Cabot Oil & Gas Corp. 
    3,511  
  2,858    
Cameco Corp. 
    73,156  
  43    
Canadian Natural Resources Ltd. 
    2,278  
 
The accompanying notes are an integral part of these financial statements.

­ ­  67  ­ ­


Table of Contents

 
Hartford Capital Appreciation HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCK — (continued)
                         
       
Energy — (continued)
  203    
Canadian Natural Resources Ltd. ADR
  $ 10,640  
  458    
Chesapeake Energy Corp. 
    9,086  
  478    
Consol Energy, Inc. 
    16,233  
  127    
Diamond Offshore Drilling, Inc. 
    10,575  
  426    
Dresser-Rand Group, Inc. (D)
    11,114  
  109    
EOG Resources, Inc. 
    7,376  
  101    
Exxon Mobil Corp. 
    7,026  
  3,000    
Halliburton Co. 
    62,100  
  902    
Hess Corp. 
    48,474  
  34    
Karoon Gas Australia Ltd. (D)
    246  
  1,187    
Lundin Petroleum Ab (D)
    9,227  
  193    
Massey Energy Co. 
    3,763  
  762    
Nabors Industries Ltd. (D)
    11,878  
  1,431    
National Oilwell Varco, Inc. (D)
    46,736  
  393    
Newfield Exploration Co. (D)
    12,846  
  600    
Noble Energy, Inc. 
    35,353  
  3,635    
OAO Gazprom Class S ADR
    73,606  
  839    
Occidental Petroleum Corp. 
    55,230  
  94    
Oceaneering International, Inc. (D)
    4,260  
  1,649    
OMV AG
    62,007  
  246    
Overseas Shipholding Group, Inc. 
    8,371  
  308    
Petro-Canada
    11,814  
  100    
PetroChina Co. Ltd. ADR
    11,081  
  871    
Petroleo Brasileiro S.A. ADR
    35,673  
  97    
Range Resources Corp. 
    4,029  
  251    
SBM Offshore N.V. 
    4,312  
  1,095    
Schlumberger Ltd. 
    59,256  
  450    
Smith International, Inc. 
    11,590  
  484    
Suncor Energy, Inc. 
    14,709  
  1,554    
Suncor Energy, Inc. ADR
    47,156  
  302    
Talisman Energy, Inc. 
    4,314  
  131    
Total S.A. 
    7,083  
  243    
Total S.A. ADR
    13,167  
  59    
Transocean, Inc. (D)
    4,375  
  400    
Tsakos Energy Navigation Ltd. 
    6,456  
  565    
USEC, Inc. (D)
    3,006  
  174    
Valero Energy Corp. 
    2,941  
  3,370    
Weatherford International Ltd. (D)
    65,921  
  87    
XTO Energy, Inc. 
    3,334  
                 
                      1,008,574  
                         
       
Food & Staples Retailing — 0.5%
  357    
Kroger Co. 
    7,861  
  6,650    
Olam International Ltd. 
    11,089  
  296    
Sysco Corp. 
    6,654  
  276    
Wal-Mart Stores, Inc. 
    13,389  
                 
                      38,993  
                         
       
Food, Beverage & Tobacco — 2.0%
  105    
Bunge Ltd. Finance Corp. 
    6,326  
  8,342    
Chaoda Modern Agriculture
    4,878  
  271    
Groupe Danone
    13,440  
  759    
Imperial Tobacco Group plc
    19,743  
  3    
Japan Tobacco, Inc. 
    9,765  
  4,392    
Marine Harvest (D)
    2,953  
  143    
Molson Coors Brewing Co. 
    6,045  
  1,125    
Nestle S.A. 
    42,478  
  610    
PepsiCo, Inc. 
    33,509  
  89    
Perdigao S.A. (D)
    3,413  
  199    
Philip Morris International, Inc. 
    8,659  
  305    
Unilever N.V. NY Shares ADR
    7,363  
                 
                      158,572  
                         
       
Health Care Equipment & Services — 6.7%
  700    
Aetna, Inc. 
    17,535  
  118    
Allscripts Misys Healthcare Solution
    1,876  
  1,722    
ATS Medical, Inc. (D)
    5,665  
  98    
Beckman Coulter, Inc. 
    5,611  
  7,963    
Boston Scientific Corp. (D)
    80,748  
  212    
Cardinal Health, Inc. 
    6,474  
  442    
China Medical Technologies, Inc. ADR
    8,804  
  281    
CIGNA Corp. 
    6,774  
  1,334    
Covidien plc
    49,958  
  57    
Edwards Lifesciences Corp. (D)
    3,880  
  24    
Hologic, Inc. (D)
    343  
  21    
Intuitive Surgical, Inc. (D)
    3,418  
  101    
Inverness Medical Innovation, Inc. (D)
    3,608  
  2,073    
McKesson Corp. 
    91,203  
  2,913    
Medtronic, Inc. 
    101,647  
  209    
St. Jude Medical, Inc. (D)
    8,569  
  5,438    
UnitedHealth Group, Inc. 
    135,845  
  137    
Varian Medical Systems, Inc. (D)
    4,799  
  344    
Volcano Corp. (D)
    4,815  
  200    
Zimmer Holdings, Inc. (D)
    8,520  
  197    
Zoll Medical Corp. (D)
    3,808  
                 
                      553,900  
                         
       
Household & Personal Products — 0.5%
  1,000    
Bare Escentuals, Inc. (D)
    8,870  
  250    
Herbalife Ltd. 
    7,885  
  84    
L’Oreal S.A. 
    6,295  
  323    
Procter & Gamble Co. 
    16,505  
                 
                      39,555  
                         
       
Insurance — 3.8%
  4,988    
ACE Ltd. 
    220,620  
  204    
Everest Re Group Ltd. 
    14,628  
  1,403    
Fidelity National Financial, Inc. 
    18,985  
  120    
First American Financial Corp. 
    3,099  
  675    
Marsh & McLennan Cos., Inc. 
    13,594  
  87    
PartnerRe Ltd. 
    5,644  
  254    
Platinum Underwriters Holdings Ltd. 
    7,256  
  206    
Principal Financial Group, Inc. 
    3,875  
  327    
Reinsurance Group of America, Inc. 
    11,430  
  603    
Unum Group
    9,561  
                 
                      308,692  
                         
       
Materials — 5.1%
  378    
Agnico Eagle Mines Ltd. 
    19,832  
  210    
Allegheny Technologies, Inc. 
    7,332  
  450    
AngloGold Ltd. ADR
    16,484  
  1,472    
Aracruz Celulose S.A. ADR
    21,841  
  272    
ArcelorMittal ADR
    8,995  
  107    
Barrick Gold Corp. 
    3,598  
  598    
Cliff’s Natural Resources, Inc. 
    14,632  
  811    
CRH plc
    18,573  
  134    
Cytec Industries, Inc. 
    2,495  
  34    
FMC Corp. 
    1,627  
  471    
Impala Platinum Holdings Ltd. 
    10,421  
  140    
Martin Marietta Materials, Inc. 
    11,020  
  224    
Mosaic Co. 
    9,928  
  1,480    
Newmont Mining Corp. 
    60,475  
  415    
Nucor Corp. 
    18,428  
  330    
Owens-Illinois, Inc. (D)
    9,238  
  321    
Potash Corp. of Saskatchewan, Inc. 
    29,862  
  419    
Praxair, Inc. 
    29,805  
  52    
Randgold Resources Ltd. ADR
    3,318  
  1,156    
Rexam plc
    5,433  
  174    
Rio Tinto plc
    6,037  
 
The accompanying notes are an integral part of these financial statements.

­ ­  68  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCK — (continued)
                         
       
Materials — (continued)
  92    
Rio Tinto plc Rights
  $ 1,051  
  387    
Teck Cominco Ltd. Class B
    6,172  
  196    
Vale S.A. — SP ADR
    3,452  
  2,491    
Vedanta Resources plc
    53,033  
  67    
Vulcan Materials Co. 
    2,883  
  533    
Walter Energy, Inc. 
    19,301  
  1,135    
Xstrata plc
    12,337  
  304    
Yamana Gold, Inc. 
    2,684  
                 
                      410,287  
                         
       
Media — 2.7%
  1,017    
CBS Corp. Class B
    7,040  
  741    
Comcast Corp. Class A
    10,733  
  889    
Comcast Corp. Special Class A
    12,528  
  221    
DreamWorks Animation SKG, Inc. (D)
    6,103  
  30    
Harvey Weinstein Co. Holdings Class A-1 (H)(D)(A)
     
  188    
Marvel Entertainment, Inc. (D)
    6,691  
  4,800    
News Corp. Class A
    43,728  
  176    
Scripps Networks Interactive Class A
    4,895  
  1,525    
Viacom, Inc. Class B (D)
    34,606  
  841    
Virgin Media, Inc. 
    7,863  
  3,332    
Walt Disney Co. 
    77,743  
  1,188    
WPP plc
    7,903  
                 
                      219,833  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 12.6%
  366    
Abbott Laboratories
    17,224  
  231    
Alkermes, Inc. (D)
    2,495  
  768    
Amgen, Inc. (D)
    40,663  
  523    
Amylin Pharmaceuticals, Inc. (D)
    7,057  
  335    
Arena Pharmaceuticals, Inc. (D)
    1,672  
  63    
AstraZeneca plc ADR
    2,785  
  1,505    
Bristol-Myers Squibb Co. 
    30,558  
  114    
Charles River Laboratories International, Inc. (D)
    3,854  
  3,092    
Elan Corp. plc ADR (D)
    19,694  
  373    
Eli Lilly & Co. 
    12,936  
  523    
Genzyme Corp. (D)
    29,121  
  92    
Gilead Sciences, Inc. (D)
    4,301  
  806    
Impax Laboratories, Inc. (D)
    5,931  
  312    
Johnson & Johnson
    17,699  
  1,339    
King Pharmaceuticals, Inc. (D)
    12,894  
  201    
Life Technologies Corp. (D)
    8,388  
  4,960    
Merck & Co., Inc. 
    138,693  
  6,007    
Novavax, Inc. (D)
    19,703  
  9,310    
Pfizer, Inc. 
    139,643  
  956    
Roche Holding AG
    130,277  
  5,854    
Schering-Plough Corp. 
    147,048  
  3,093    
Teva Pharmaceutical Industries Ltd. ADR
    152,604  
  405    
UCB S.A. 
    13,003  
  1,710    
Wyeth
    77,603  
                 
                      1,035,846  
                         
       
Real Estate — 0.7%
  802    
Brookfield Asset Management, Inc. 
    13,682  
  90    
Camden Property Trust
    2,487  
  2,279    
Chimera Investment Corp. 
    7,954  
  305    
Host Hotels & Resorts, Inc. 
    2,559  
  114    
Liberty Property Trust
    2,629  
  269    
Mack-Cali Realty Corp. 
    6,129  
  1,053    
Sun Hung Kai Properties Ltd. 
    13,076  
  134    
Taubman Centers, Inc. 
    3,591  
  135    
Ventas, Inc. 
    4,043  
                 
                      56,150  
                         
       
Retailing — 3.9%
  469    
Abercrombie & Fitch Co. Class A
    11,908  
  220    
Advance Automotive Parts, Inc. 
    9,112  
  180    
Aeropostale, Inc. (D)
    6,151  
  236    
Amazon.com, Inc. (D)
    19,728  
  25    
AutoZone, Inc. (D)
    3,792  
  29,055    
Buck Holdings L.P. (H)(D)(A)
    34,518  
  226    
Dick’s Sporting Goods, Inc. (D)
    3,894  
  103    
GameStop Corp. Class A (D)
    2,266  
  110    
Gap, Inc. 
    1,802  
  171    
Guess?, Inc. 
    4,408  
  132    
Gymboree Corp. (D)
    4,676  
  414    
Home Depot, Inc. 
    9,790  
  30    
Industria de Diseno Textil S.A. 
    1,426  
  274    
Kohl’s Corp. (D)
    11,728  
  638    
Lowe’s Co., Inc. 
    12,392  
  229    
Lumber Liquidators, Inc. (D)
    3,604  
  124    
Nordstrom, Inc. 
    2,466  
  486    
Nutri/System, Inc. 
    7,044  
  7,756    
Staples, Inc. 
    156,444  
  97    
Target Corp. 
    3,813  
  81    
The Buckle, Inc. 
    2,580  
  291    
TJX Cos., Inc. 
    9,156  
  209    
Urban Outfitters, Inc. (D)
    4,366  
                 
                      327,064  
                         
       
Semiconductors & Semiconductor Equipment — 1.6%
  975    
Altera Corp. 
    15,869  
  309    
Analog Devices, Inc. 
    7,646  
  1,881    
Intel Corp. 
    31,134  
  491    
MEMC Electronic Materials, Inc. (D)
    8,738  
  1,317    
ON Semiconductor Corp. (D)
    9,035  
  1,308    
Taiwan Semiconductor Manufacturing Co., Ltd. ADR
    12,308  
  1,198    
Texas Instruments, Inc. 
    25,514  
  487    
Varian Semiconductor Equipment Associates, Inc. (D)
    11,685  
  502    
Xilinx, Inc. 
    10,275  
                 
                      132,204  
                         
       
Software & Services — 6.8%
  87    
Accenture Ltd. Class A
    2,896  
  1,808    
Activision Blizzard, Inc. (D)
    22,837  
  113    
Akamai Technologies, Inc. (D)
    2,160  
  309    
Alliance Data Systems Corp. (D)
    12,715  
  270    
ArcSight, Inc. (D)
    4,798  
  318    
BMC Software, Inc. (D)
    10,762  
  79    
CACI International, Inc. Class A (D)
    3,370  
  225    
Check Point Software Technologies Ltd. ADR (D)
    5,285  
  2,188    
Cia Brasileira de Meios de Pagamentos (D)
    18,814  
  177    
Cognizant Technology Solutions Corp. (D)
    4,721  
  178    
Concur Technologies, Inc. (D)
    5,545  
  514    
eBay, Inc. (D)
    8,801  
  120    
Equinix, Inc. (D)
    8,729  
  344    
Giant Interactive Group, Inc. ADR
    2,790  
  307    
Google, Inc. (D)
    129,557  
  182    
Mastercard, Inc. 
    30,400  
  2,752    
Microsoft Corp. 
    65,422  
  77    
Nintendo Co., Ltd. 
    21,338  
  4,417    
Oracle Corp. 
    94,603  
  259    
Red Hat, Inc. (D)
    5,222  
  22    
Shanda Interactive Entertainment Ltd. ADR (D)
    1,153  
  487    
Sohu.com, Inc. (D)
    30,626  
  194    
Symantec Corp. (D)
    3,025  
  103    
Visa, Inc. 
    6,403  
  92    
VistaPrint Ltd. (D)
    3,903  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford Capital Appreciation HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCK — (continued)
                         
       
Software & Services — (continued)
  313    
Vocus, Inc. (D)
  $ 6,187  
  2,831    
Western Union Co. 
    46,431  
                 
                      558,493  
                         
       
Technology — 0.0%
  283    
Polypore International, Inc. (D)
    3,145  
                 
       
Technology Hardware & Equipment — 9.6%
  139    
Apple, Inc. (D)
    19,789  
  540    
Arrow Electronics, Inc. (D)
    11,459  
  188    
Avnet, Inc. (D)
    3,960  
  9,568    
Cisco Systems, Inc. (D)
    178,352  
  1,804    
Corning, Inc. 
    28,966  
  1,982    
EMC Corp. (D)
    25,961  
  587    
Emulex Corp. (D)
    5,743  
  2,668    
Flextronics International Ltd. (D)
    10,967  
  2,717    
Hewlett-Packard Co. 
    105,025  
  27,019    
Hon Hai Precision Industry Co., Ltd. 
    82,858  
  875    
IBM Corp. 
    91,385  
  805    
JDS Uniphase Corp. (D)
    4,603  
  503    
Juniper Networks, Inc. (D)
    11,865  
  3,647    
Motorola, Inc. 
    24,177  
  496    
NCR Corp. (D)
    5,862  
  1,351    
NetApp, Inc. (D)
    26,648  
  821    
QLogic Corp. (D)
    10,406  
  2,309    
Qualcomm, Inc. 
    104,372  
  63    
Research In Motion Ltd. (D)
    4,452  
  217    
Riverbed Technology, Inc. (D)
    5,023  
  1,008    
Seagate Technology
    10,542  
  75    
Solar Cayman Ltd. (H)(D)(A)
    597  
  213    
Starent Networks Corp. (D)
    5,192  
  228    
Teradata Corp. (D)
    5,350  
                 
                      783,554  
                         
       
Telecommunication Services — 1.9%
  2,947    
AT&T, Inc. 
    73,199  
  173    
Brasil Telecom S.A. ADR
    3,394  
  1,253    
Leap Wireless International, Inc. (D)
    41,245  
  1,109    
MetroPCS Communications, Inc. (D)
    14,763  
  806    
Mobile Telesystems OJSC ADR
    29,780  
                 
                      162,381  
                         
       
Transportation — 1.9%
  1,050    
Air Asia BHD (D)
    331  
  186    
C.H. Robinson Worldwide, Inc. 
    9,705  
  264    
Con-way, Inc. 
    9,336  
  9,510    
Delta Air Lines, Inc. (D)
    55,064  
  1,083    
Deutsche Post AG
    14,138  
  716    
FedEx Corp. 
    39,808  
  232    
J.B. Hunt Transport Services, Inc. 
    7,071  
  443    
Kansas City Southern (D)
    7,140  
  185    
TNT N.V. 
    3,615  
  162    
United Parcel Service, Inc. Class B
    8,073  
  1,156    
US Airways Group, Inc. (D)
    2,809  
                 
                      157,090  
                         
       
Utilities — 0.8%
  226    
Entergy Corp. 
    17,551  
  342    
Exelon Corp. 
    17,524  
  60    
FirstEnergy Corp. 
    2,313  
  746    
Northeast Utilities
    16,641  
  193    
Wisconsin Energy Corp. 
    7,845  
                 
                      61,874  
                         
       
Total common stocks
(cost $8,575,981)
  $ 7,968,943  
                 
                         
                         
WARRANTS — 0.0%
       
Banks — 0.0%
  59    
Washington Mutual, Inc. Private Placement (H)(D)(A)
     
                 
       
Capital Goods — 0.0%
  150    
Capstone Turbine Corp. (H)(D)
     
                 
       
Pharmaceuticals, Biotechnology & Life Sciences — 0.0%
  510    
Novavax, Inc. (H)(D)
     
                 
       
Total warrants
(cost $ — )
  $  
                 
                         
                         
EXCHANGE TRADED FUNDS — 0.6%
       
Diversified Financials — 0.1%
  123    
iShares MSCI Emerging Markets Index Fund
    3,961  
                 
       
Other Investment Pools and Funds — 0.5%
  216    
S & P 500 Depositary Receipt
  $ 19,836  
  252    
S & P MidCap 400 Depositary Receipts
    26,507  
                 
       
Total exchange traded funds
(cost $49,971)
  $ 50,304  
                 
                         
                         
Principal
                 
Amount                  
 
CORPORATE BONDS: INVESTMENT GRADE — 0.2%
       
Finance — 0.2%
       
UBS Luxembourg S.A.
       
$ 16,280    
   6.23%, 02/11/2015
  $ 15,873  
                 
       
Total corporate bonds: investment grade
(cost $16,335)
  $ 15,873  
                 
                         
                         
CORPORATE BONDS: NON-INVESTMENT GRADE — 0.3%
       
Finance — 0.3%
       
MBIA Insurance Co.
       
$ 53,500    
   14.00%, 01/15/2033 (I)(L)
  $ 20,330  
                 
       
Total corporate bonds: non-investment grade
(cost $53,133)
  $ 20,330  
                 
       
Total long-term investments
(cost $8,695,420)
  $ 8,055,450  
                 
                         
                         
SHORT-TERM INVESTMENTS — 1.8%
       
Repurchase Agreements — 1.8%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,456, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $9,646)
       
$ 9,456    
   0.09%, 6/30/2009
    9,456  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
SHORT-TERM INVESTMENTS — (continued)
                         
       
Repurchase Agreements — (continued)
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $87,067, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $88,808)
       
$ 87,067    
   0.05%, 6/30/2009
  $ 87,067  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $21,895, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $22,332)
       
  21,895    
   0.09%, 6/30/2009
    21,895  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $32,799, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $33,455)
       
  32,799    
   0.08%, 6/30/2009
    32,799  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $29, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $29)
       
  29    
   0.03%, 6/30/2009
    29  
                 
                      151,246  
                         
       
Total short-term investments
(cost $151,246)
  $ 151,246  
                 
       
Total investments
(cost $8,846,666) (C)
    100.1 %   $ 8,206,696  
       
Other assets and liabilities
    (0.1 )%     (10,743 )
                         
       
Total net assets
    100.0 %   $ 8,195,953  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 22.1% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $9,407,250 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 560,356  
Unrealized Depreciation
    (1,760,910 )
         
Net Unrealized Depreciation
  $ (1,200,554 )
         
 
(A) The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $35,158, which represents 0.43% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.
 
(D) Currently non-income producing.
 
(L) Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009.
 
(I) Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $29,833, which represents 0.36% of total net assets.
 
(H) The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.
 
                     
Period
  Shares/
           
Acquired
  Par     Security   Cost Basis  
 
06/2007
    29,055     Buck Holdings L.P.   $ 29,086  
09/2008
    150     Capstone Turbine Corp. Warrants      
10/2005
    30     Harvey Weinstein Co. Holdings Class A-1 — Reg D     27,951  
07/2008
    510     Novavax, Inc. Warrants      
03/2007
    75     Solar Cayman Ltd. — 144A     1,043  
04/2008
    469     Washington Mutual, Inc. Private Placement     4,100  
07/2008
    59     Washington Mutual, Inc. Private Placement Warrants      
 
The aggregate value of these securities at June 30, 2009 was $35,158 which represents 0.43% of total net assets.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
Australian Dollar (Buy)
  $ 46     $ 46       07/01/09     $  
British Pound (Sell)
    10,902       10,942       07/01/09       40  
Euro (Buy)
    159       159       07/01/09        
Euro (Sell)
    2,777       2,775       07/06/09       (2 )
Euro (Sell)
    1,368       1,373       07/02/09       5  
Hong Kong Dollar (Sell)
    680       680       07/06/09        
Singapore Dollar (Buy)
    419       418       07/01/09       1  
Singapore Dollar (Buy)
    346       345       07/02/09       1  
Singapore Dollar (Buy)
    382       382       07/02/09        
Swiss Franc (Sell)
    5,133       5,141       07/01/09       8  
                                 
                            $ 53  
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford Capital Appreciation HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Common Stocks
  $ 7,968,943     $ 6,909,810     $ 1,014,472     $ 44,661  
Corporate Bonds: Investment Grade
    15,873             15,873        
Corporate Bonds: Non-Investment Grade
    20,330             20,330        
Exchange Traded Funds
    50,304       50,304              
Short-Term Investments
    151,246             151,246        
                                 
Total
  $ 8,206,696     $ 6,960,114     $ 1,201,921     $ 44,661  
                                 
Other Financial Instruments*
  $ 55     $     $ 55     $  
                                 
Liabilities:
                               
Other Financial Instruments*
  $ 2     $     $ 2     $  
                                 
 
* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                                         
    Balance as of
    Change in
          Transfers In
       
    December 31,
    Unrealized
    Net
    and/or Out of
    Balance as of
 
    2008     Depreciation     Purchases     Level 3     June 30, 2009  
 
Assets:
                                       
Common Stock
  $ 46,381     $ (336 )*   $ 1,135     $ (2,519 )   $ 44,661  
Corporate Bonds
    15,599       — (A )           (15,599 )      
                                         
Total
  $ 61,980     $ (336 )   $ 1,135     $ (18,118 )   $ 44,661  
                                         
 
* Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(336).
 
(A) Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $ — .
 
The accompanying notes are an integral part of these financial statements.

­ ­  72  ­ ­


Table of Contents

Hartford Disciplined Equity HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares
              Value (W)  
COMMON STOCKS — 99.0%
       
Automobiles & Components — 0.6%
  955    
Ford Motor Co. (D)
  $ 5,794  
                 
       
Banks — 4.3%
  414    
PNC Financial Services Group, Inc. 
    16,048  
  1,174    
Wells Fargo & Co. 
    28,471  
                 
                      44,519  
                         
       
Capital Goods — 6.8%
  330    
Dover Corp. 
    10,930  
  40    
First Solar, Inc. (D)
    6,436  
  122    
Fluor Corp. 
    6,268  
  310    
Lockheed Martin Corp. 
    24,961  
  161    
Precision Castparts Corp. 
    11,736  
  77    
Raytheon Co. 
    3,417  
  111    
United Technologies Corp. 
    5,741  
                 
                      69,489  
                         
       
Commercial & Professional Services — 0.5%
  135    
Manpower, Inc. (T)
    5,703  
                 
       
Consumer Services — 1.3%
  94    
Apollo Group, Inc. Class A (D)(U)
    6,657  
  70    
ITT Educational Services, Inc. (D)
    7,016  
                 
                      13,673  
                         
       
Diversified Financials — 4.0%
  184    
Ameriprise Financial, Inc. 
    4,466  
  1,264    
Bank of America Corp. 
    16,685  
  139    
Goldman Sachs Group, Inc. 
    20,435  
                 
                      41,586  
                         
       
Energy — 8.8%
  225    
ConocoPhillips Holding Co. 
    9,480  
  128    
Consol Energy, Inc. 
    4,361  
  56    
Diamond Offshore Drilling, Inc. 
    4,609  
  138    
Hess Corp. 
    7,401  
  552    
Marathon Oil Corp. 
    16,623  
  605    
Nabors Industries Ltd. (D)
    9,423  
  143    
National Oilwell Varco, Inc. (D)
    4,677  
  244    
Occidental Petroleum Corp. (T)
    16,078  
  113    
Range Resources Corp. (U)
    4,687  
  220    
Ultra Petroleum Corp. (D)
    8,592  
  126    
XTO Energy, Inc. 
    4,817  
                 
                      90,748  
                         
       
Food & Staples Retailing — 3.5%
  223    
BJ’s Wholesale Club, Inc. (D)
    7,181  
  469    
Supervalu, Inc. 
    6,079  
  466    
Wal-Mart Stores, Inc. 
    22,587  
                 
                      35,847  
                         
       
Food, Beverage & Tobacco — 6.5%
  946    
Altria Group, Inc. 
    15,511  
  101    
Archer Daniels Midland Co. 
    2,690  
  145    
Lorillard, Inc. 
    9,847  
  219    
PepsiCo, Inc. 
    12,058  
  590    
Philip Morris International, Inc. 
    25,744  
                 
                      65,850  
                         
       
Health Care Equipment & Services — 4.1%
  55    
Humana, Inc. (D)
    1,781  
  209    
Medtronic, Inc. 
    7,282  
  408    
St. Jude Medical, Inc. (D)
    16,785  
  377    
UnitedHealth Group, Inc. 
    9,422  
  135    
Wellpoint, Inc. (D)
    6,850  
                 
                      42,120  
                         
       
Insurance — 5.1%
  294    
Allied World Assurance Holdings Ltd. 
    12,012  
  466    
Axis Capital Holdings Ltd. 
    12,187  
  171    
Everest Re Group Ltd. 
    12,246  
  223    
Lincoln National Corp. 
    3,836  
  160    
Prudential Financial, Inc. 
    5,937  
  378    
Unum Group
    5,993  
                 
                      52,211  
                         
       
Materials — 2.1%
  345    
Cliff’s Natural Resources, Inc. 
    8,430  
  95    
Freeport-McMoRan Copper & Gold, Inc. 
    4,780  
  69    
Lubrizol Corp. 
    3,264  
  117    
Mosaic Co. 
    5,179  
                 
                      21,653  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 16.0%
  263    
Abbott Laboratories
    12,362  
  449    
Amgen, Inc. (D)(U)
    23,781  
  781    
Bristol-Myers Squibb Co. 
    15,862  
  608    
Eli Lilly & Co. 
    21,054  
  753    
Forest Laboratories, Inc. (D)
    18,908  
  223    
Gilead Sciences, Inc. (D)
    10,450  
  335    
Johnson & Johnson
    19,045  
  418    
Merck & Co., Inc. 
    11,676  
  362    
Pfizer, Inc. 
    5,430  
  610    
Schering-Plough Corp. 
    15,311  
  236    
Wyeth
    10,721  
                 
                      164,600  
                         
       
Real Estate — 0.9%
  587    
Annaly Capital Management, Inc. 
    8,890  
                 
       
Retailing — 5.0%
  20    
AutoZone, Inc. (D)
    3,022  
  189    
Best Buy Co., Inc. 
    6,336  
  1,197    
Gap, Inc. 
    19,637  
  142    
Kohl’s Corp. (D)
    6,058  
  335    
Macy’s, Inc. 
    3,939  
  1,064    
Office Depot, Inc. (D)
    4,852  
  243    
TJX Cos., Inc. 
    7,642  
                 
                      51,486  
                         
       
Semiconductors & Semiconductor Equipment — 2.5%
  256    
Intel Corp. 
    4,238  
  255    
Maxim Integrated Products, Inc. 
    3,995  
  892    
ON Semiconductor Corp. (D)
    6,116  
  539    
Texas Instruments, Inc. 
    11,470  
                 
                      25,819  
                         
       
Software & Services — 9.3%
  472    
Accenture Ltd. Class A
    15,807  
  148    
BMC Software, Inc. (D)(U)
    4,991  
  37    
Google, Inc. (D)
    15,726  
  22    
Mastercard, Inc. 
    3,731  
  1,096    
Microsoft Corp. 
    26,062  
  985    
Oracle Corp. 
    21,094  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford Disciplined Equity HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares
              Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Software & Services — (continued)
  181    
VeriSign, Inc. (D)
  $ 3,341  
  306    
Western Union Co. 
    5,010  
                 
                      95,762  
                         
       
Technology Hardware & Equipment — 7.2%
  140    
Apple, Inc. (D)
    19,869  
  558    
Cisco Systems, Inc. (D)
    10,396  
  390    
Hewlett-Packard Co. 
    15,058  
  139    
IBM Corp. 
    14,494  
     
Nortel Networks Corp. (D)
     
  174    
Western Digital Corp. (D)
    4,608  
  1,398    
Xerox Corp. 
    9,060  
                 
                      73,485  
                         
       
Telecommunication Services — 2.2%
  896    
AT&T, Inc. 
    22,248  
                 
       
Transportation — 1.4%
  182    
FedEx Corp. 
    10,145  
  139    
J.B. Hunt Transport Services, Inc. (U)
    4,228  
                 
                      14,373  
                         
       
Utilities — 6.9%
  119    
Edison International
    3,753  
  252    
Entergy Corp. 
    19,527  
  319    
Exelon Corp. 
    16,331  
  352    
FirstEnergy Corp. 
    13,629  
  19    
NRG Energy, Inc. (D)
    501  
  51    
PG&E Corp. 
    1,949  
  609    
UGI Corp. 
    15,523  
                 
                      71,213  
                         
       
Total common stocks
(cost $1,120,816)
  $ 1,017,069  
                 
       
Total long-term investments
(cost $1,120,816)
  $ 1,017,069  
                 
                         
                         
Principal
                 
Amount                  
 
SHORT-TERM INVESTMENTS — 0.1%
       
Repurchase Agreements — 0.1%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $95, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $97)
       
$ 95    
   0.09%, 6/30/2009
  $ 95  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $874, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $891)
       
  874    
   0.05%, 6/30/2009
    874  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $220, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $224)
       
  220    
   0.09%, 6/30/2009
    220  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $329, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $336)
       
  329    
   0.08%, 6/30/2009
    329  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $—, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $—)
       
     
   0.03%, 6/30/2009
     
                 
                      1,518  
                         
       
Total short-term investments
(cost $1,518)
  $ 1,518  
                 
       
Total investments
(cost $1,122,334) (C)
    99.1 %   $ 1,018,587  
       
Other assets and liabilities
    0.9 %     9,262  
                         
       
Total net assets
    100.0 %   $ 1,027,849  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $1,122,334 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 65,985  
Unrealized Depreciation
    (169,732 )
         
Net Unrealized Depreciation
  $ (103,747 )
         
 
(D) Currently non-income producing.
 
(U) At June 30, 2009, these securities were designated to cover open call options written as follows:
                                         
                Unrealized
   
Issuer/Exercise Price/
  Number of
  Market
  Premiums
  Appreciation
   
Expiration Date
 
Contracts*
 
Value (W)
 
Received
 
(Depreciation)
   
 
Amgen, Inc., $57.50, Jul, 2009
    383     $ 8     $ 21     $ 13          
Apollo Group, $75.00, Jul, 2009
    152       15       20       5          
BMC Software, Inc. Call, $37.50, Jul, 2009
    298       3       19       16          
J.B. Hunt Transport Services, Inc. Call, $35.00, Jul, 2009
    330       5       29       24          
Range Resources Corp. Call, $50.00, Jul, 2009
    235       1       36       35          
                                         
            $ 32     $ 125     $ 93          
                                         
* The number of contracts does not omit 000’s.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
 
(T) At June 30, 2009, the sum of securities valued at $2,414 and cash of $2,844 collateralized the maximum delivery obligation of open put options written as follows:
                                 
                Unrealized
Issuer/Exercise Price/
  Number of
  Market
  Premiums
  Appreciation
Expiration Date
 
Contracts*
 
Value (W)
 
Received
 
(Depreciation)
 
Apple, Inc. Put, $120.00, Jul, 2009
    75     $ 1     $ 14     $ 13  
FedEx, $45.00, Jul, 2009
    199       2       13       11  
First Solar, $130.00, Jul, 2009
    60       3       13       10  
Nabors Industries Ltd. Put, $15.00, Jul, 2009
    592       30       35       5  
Xerox Corp., $6.00, Jul, 2009
    1,535       11       22       11  
XTO Energy Corp., $35.00, Jul, 2009
    252       13       15       2  
                                 
            $ 60     $ 112     $ 52  
                                 
* The number of contracts does not omit 000’s.
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Common Stocks
  $ 1,017,069     $ 1,017,069     $     $      —  
Short-Term Investments
    1,518             1,518        
                                 
Total
    1,018,587       1,017,069       1,518        
                                 
Other Financial Instruments*
    145       145              
                                 
Liabilities:
                               
Other Financial Instruments*
  $     $     $     $  
                                 
 
* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

­ ­  75  ­ ­


Table of Contents

Hartford Dividend and Growth HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 98.8%
       
Automobiles & Components — 0.4%
  588    
Honda Motor Co., Ltd. ADR
  $ 16,088  
                 
       
Banks — 4.4%
  334    
M&T Bank Corp. 
    17,016  
  760    
PNC Financial Services Group, Inc. 
    29,495  
  938    
SunTrust Banks, Inc. 
    15,437  
  1,240    
US Bancorp
    22,224  
  1,554    
Washington Mutual, Inc. Private Placement (H)(A)
    141  
  4,331    
Wells Fargo & Co. 
    105,068  
                 
                      189,381  
                         
       
Capital Goods — 8.6%
  284    
Boeing Co. 
    12,053  
  415    
Caterpillar, Inc. 
    13,718  
  1,439    
Deere & Co. 
    57,504  
  534    
Eaton Corp. 
    23,831  
  1,260    
General Electric Co. 
    14,765  
  1,073    
Honeywell International, Inc. 
    33,695  
  875    
Illinois Tool Works, Inc. 
    32,669  
  679    
Lockheed Martin Corp. 
    54,794  
  840    
Parker-Hannifin Corp. 
    36,073  
  1,220    
Pentair, Inc. 
    31,244  
  509    
Raytheon Co. 
    22,615  
  620    
Siemens AG ADR
    42,884  
                 
                      375,845  
                         
       
Commercial & Professional Services — 1.6%
  1,264    
Pitney Bowes, Inc. 
    27,713  
  1,509    
Waste Management, Inc. 
    42,499  
                 
                      70,212  
                         
       
Diversified Financials — 6.3%
  1,245    
Ameriprise Financial, Inc. 
    30,209  
  3,653    
Bank of America Corp. 
    48,216  
  161    
Goldman Sachs Group, Inc. 
    23,708  
  2,283    
JP Morgan Chase & Co. 
    77,859  
  923    
Morgan Stanley
    26,309  
  908    
State Street Corp. 
    42,858  
  2,055    
UBS AG ADR
    25,089  
                 
                      274,248  
                         
       
Energy — 17.1%
  1,871    
Anadarko Petroleum Corp. 
    84,925  
  1,048    
BP plc ADR
    49,945  
  2,180    
Chevron Corp. 
    144,399  
  755    
ConocoPhillips Holding Co. 
    31,734  
  1,286    
EnCana Corp. ADR
    63,632  
  1,463    
Exxon Mobil Corp. 
    102,311  
  2,026    
Marathon Oil Corp. 
    61,037  
  716    
Schlumberger Ltd. 
    38,759  
  1,859    
Total S.A. ADR
    100,835  
  1,593    
XTO Energy, Inc. 
    60,766  
                 
                      738,343  
                         
       
Food & Staples Retailing — 1.8%
  792    
Walgreen Co. 
    23,297  
  1,141    
Wal-Mart Stores, Inc. 
    55,255  
                 
                      78,552  
                         
       
Food, Beverage & Tobacco — 5.0%
  1,524    
Nestle S.A. ADR
    57,318  
  1,038    
PepsiCo, Inc. 
    57,054  
  1,362    
Philip Morris International, Inc. 
    59,410  
  1,150    
SABMiller plc ADR
    23,437  
  652    
Unilever N.V. 
    15,765  
                 
                      212,984  
                         
       
Health Care Equipment & Services — 3.6%
  803    
Covidien plc
    30,053  
  485    
McKesson Corp. 
    21,331  
  1,818    
Medtronic, Inc. 
    63,444  
  1,536    
UnitedHealth Group, Inc. 
    38,367  
                 
                      153,195  
                         
       
Household & Personal Products — 2.3%
  731    
Kimberly-Clark Corp. 
    38,311  
  1,154    
Procter & Gamble Co. 
    58,980  
                 
                      97,291  
                         
       
Insurance — 5.1%
  1,261    
ACE Ltd. 
    55,787  
  1,058    
Aflac, Inc. 
    32,890  
  998    
Marsh & McLennan Cos., Inc. 
    20,086  
  1,942    
Metlife, Inc. 
    58,282  
  478    
Principal Financial Group, Inc. 
    9,011  
  339    
Prudential Financial, Inc. 
    12,610  
  792    
Travelers Cos., Inc. 
    32,496  
                 
                      221,162  
                         
       
Materials — 3.6%
  877    
Agrium U.S., Inc. 
    34,991  
  180    
Air Products and Chemicals, Inc. 
    11,646  
  944    
Barrick Gold Corp. 
    31,661  
  605    
BHP Billiton Ltd. ADR
    33,101  
  2,807    
International Paper Co. 
    42,467  
                 
                      153,866  
                         
       
Media — 2.5%
  1,188    
Comcast Corp. Class A
    17,211  
  828    
Comcast Corp. Special Class A
    11,672  
  583    
McGraw-Hill Cos., Inc. 
    17,566  
  1,345    
Time Warner, Inc. 
    33,887  
  1,135    
Walt Disney Co. 
    26,470  
                 
                      106,806  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 12.2%
  664    
Abbott Laboratories
    31,244  
  1,284    
AstraZeneca plc ADR
    56,663  
  2,381    
Bristol-Myers Squibb Co. 
    48,350  
  2,569    
Eli Lilly & Co. 
    88,997  
  306    
Johnson & Johnson
    17,392  
  2,275    
Merck & Co., Inc. 
    63,595  
  3,472    
Pfizer, Inc. 
    52,083  
  3,470    
Schering-Plough Corp. 
    87,171  
  481    
Teva Pharmaceutical Industries Ltd. ADR
    23,738  
  1,230    
Wyeth
    55,807  
                 
                      525,040  
                         
       
Retailing — 2.1%
  1,225    
Gap, Inc. 
    20,092  
  1,420    
Limited Brands, Inc. 
    16,992  
  2,570    
Staples, Inc. 
    51,829  
                 
                      88,913  
                         
       
Semiconductors & Semiconductor Equipment — 0.8%
  1,611    
Texas Instruments, Inc. 
    34,304  
                 
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  76  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
       
Software & Services — 3.4%
  1,576    
Accenture Ltd. Class A
  $ 52,746  
  1,034    
Automatic Data Processing, Inc. 
    36,645  
  2,426    
Microsoft Corp. 
    57,666  
                 
                      147,057  
                         
       
Technology Hardware & Equipment — 5.7%
  2,102    
Corning, Inc. 
    33,756  
  1,441    
Hewlett-Packard Co. 
    55,691  
  1,162    
IBM Corp. 
    121,357  
  5,330    
Xerox Corp. 
    34,538  
                 
                      245,342  
                         
       
Telecommunication Services — 5.1%
  6,946    
AT&T, Inc. 
    172,550  
  1,521    
Verizon Communications, Inc. 
    46,754  
                 
                      219,304  
                         
       
Transportation — 1.4%
  657    
FedEx Corp. 
    36,520  
  455    
United Parcel Service, Inc. Class B
    22,731  
                 
                      59,251  
                         
       
Utilities — 5.8%
  2,037    
Dominion Resources, Inc. 
    68,066  
  1,171    
Exelon Corp. 
    59,943  
  1,112    
FPL Group, Inc. 
    63,234  
  1,304    
PG&E Corp. 
    50,133  
  429    
Veolia Environment ADR
    12,679  
                 
                      254,055  
                         
       
Total common stocks
(cost $4,479,310)
  $ 4,261,239  
                 
                         
                         
WARRANTS — 0.0%
       
Banks — 0.0%
  194    
Washington Mutual, Inc. Private Placement (H)(D)(A)
     
                 
       
Total warrants
(cost $ — )
  $  
                 
       
Total long-term investments
(cost $4,479,310)
  $ 4,261,239  
                 
                         
                         
Principal
                 
Amount                  
 
SHORT-TERM INVESTMENTS — 1.2%
       
Repurchase Agreements — 1.2%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,269, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $3,334)
       
$ 3,269    
   0.09%, 6/30/2009
  $ 3,269  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $30,099, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $30,701)
       
  30,099    
   0.05%, 6/30/2009
    30,099  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $7,569, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $7,720)
       
  7,569    
   0.09%, 6/30/2009
    7,569  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $11,339, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $11,565)
       
  11,338    
   0.08%, 6/30/2009
    11,338  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $10, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $10)
       
  10    
   0.03%, 6/30/2009
    10  
                 
                      52,285  
                         
       
Total short-term investments
(cost $52,285)
  $ 52,285  
                 
       
Total investments
(cost $4,531,595) (C)
    100.0 %   $ 4,313,524  
       
Other assets and liabilities
    %     909  
                         
       
Total net assets
    100.0 %   $ 4,314,433  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 13.8% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $4,551,780 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 355,980  
Unrealized Depreciation
    (594,236 )
         
Net Unrealized Depreciation
  $ (238,256 )
         
 
(A) The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $141, which represents 0.00% of total net assets.
 
(D) Currently non-income producing.
 
The accompanying notes are an integral part of these financial statements.

­ ­  77  ­ ­


Table of Contents

 
Hartford Dividend and Growth HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
(H) The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.
 
                     
Period
  Shares/
       
Acquired
  Par   Security   Cost Basis
04/2008     1,554     Washington Mutual, Inc. Private Placement   $ 13,600  
04/2008     194     Washington Mutual, Inc. Private Placement Warrants      
 
The aggregate value of these securities at June 30, 2009 was $141 which represents 0.00% of total net assets.
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Common Stocks
  $ 4,261,239     $ 4,261,098     $     $     141  
Short-Term Investments
    52,285             52,285        
                                 
Total
  $ 4,313,524     $ 4,261,098     $ 52,285     $ 141  
                                 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                         
    Balance as of
    Change in
    Balance as of
 
    December 31,
    Unrealized
    June 30,
 
    2008     Appreciation     2009  
 
Assets:
Common Stock
  $ 30     $ 111 *   $ 141  
                         
Total
  $ 30     $ 111     $ 141  
                         
* Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $111.
 
The accompanying notes are an integral part of these financial statements.

­ ­  78  ­ ­


Table of Contents

Hartford Equity Income HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 99.4%
       
Banks — 6.4%
  68    
Bank of Nova Scotia
  $ 2,531  
  104    
PNC Financial Services Group, Inc. 
    4,028  
  60    
Toronto-Dominion Bank ADR
    3,082  
  283    
Wells Fargo & Co. 
    6,856  
                 
                      16,497  
                         
       
Capital Goods — 7.6%
  67    
3M Co. 
    4,045  
  26    
Boeing Co. 
    1,101  
  27    
Caterpillar, Inc. 
    879  
  57    
Eaton Corp. 
    2,560  
  301    
General Electric Co. 
    3,522  
  78    
Illinois Tool Works, Inc. 
    2,924  
  96    
PACCAR, Inc. 
    3,124  
  17    
Schneider Electric S.A. 
    1,310  
                 
                      19,465  
                         
       
Commercial & Professional Services — 3.2%
  146    
Republic Services, Inc. 
    3,559  
  166    
Waste Management, Inc. 
    4,661  
                 
                      8,220  
                         
       
Consumer Durables & Apparel — 2.5%
  28    
Fortune Brands, Inc. 
    969  
  63    
Mattel, Inc. 
    1,014  
  73    
Stanley Works
    2,481  
  36    
V.F. Corp. 
    1,982  
                 
                      6,446  
                         
       
Diversified Financials — 8.2%
  217    
Bank of America Corp. 
    2,858  
  111    
Bank of New York Mellon Corp. 
    3,257  
  37    
Goldman Sachs Group, Inc. 
    5,396  
  274    
JP Morgan Chase & Co. 
    9,349  
                 
                      20,860  
                         
       
Energy — 15.9%
  106    
BP plc ADR
    5,049  
  155    
Chevron Corp. 
    10,249  
  55    
ConocoPhillips Holding Co. 
    2,310  
  136    
Exxon Mobil Corp. 
    9,478  
  102    
Marathon Oil Corp. 
    3,070  
  78    
Occidental Petroleum Corp. 
    5,160  
  38    
Royal Dutch Shell plc ADR
    1,930  
  64    
Total S.A. ADR
    3,476  
                 
                      40,722  
                         
       
Food & Staples Retailing — 0.8%
  96    
Sysco Corp. 
    2,154  
                 
       
Food, Beverage & Tobacco — 8.7%
  216    
Altria Group, Inc. 
    3,542  
  47    
General Mills, Inc. 
    2,644  
  23    
Lorillard, Inc. 
    1,538  
  135    
Nestle S.A. ADR
    5,073  
  57    
PepsiCo, Inc. 
    3,149  
  103    
Philip Morris International, Inc. 
    4,486  
  78    
Unilever N.V. NY Shares ADR
    1,886  
                 
                      22,318  
                         
       
Household & Personal Products — 1.9%
  91    
Kimberly-Clark Corp. 
    4,746  
                 
       
Insurance — 6.5%
  121    
ACE Ltd. 
    5,356  
  73    
Aflac, Inc. 
    2,266  
  90    
Allstate Corp. 
    2,184  
  111    
Chubb Corp. 
    4,410  
  154    
Unum Group
    2,438  
                 
                      16,654  
                         
       
Materials — 2.9%
  38    
Air Products and Chemicals, Inc. 
    2,480  
  108    
E.I. DuPont de Nemours & Co. 
    2,767  
  50    
PPG Industries, Inc. 
    2,200  
                 
                      7,447  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 10.6%
  27    
Abbott Laboratories
    1,284  
  63    
GlaxoSmithKline plc ADR
    2,216  
  133    
Johnson & Johnson
    7,566  
  254    
Merck & Co., Inc. 
    7,099  
  463    
Pfizer, Inc. 
    6,948  
  45    
Wyeth
    2,039  
                 
                      27,152  
                         
       
Real Estate — 0.4%
  29    
Regency Centers Corp. 
    1,026  
                 
       
Retailing — 6.0%
  153    
Genuine Parts Co. 
    5,125  
  266    
Home Depot, Inc. 
    6,274  
  72    
Sherwin-Williams Co. 
    3,854  
                 
                      15,253  
                         
       
Semiconductors & Semiconductor Equipment — 2.7%
  246    
Intel Corp. 
    4,073  
  135    
Texas Instruments, Inc. 
    2,871  
                 
                      6,944  
                         
       
Software & Services — 3.5%
  376    
Microsoft Corp. 
    8,938  
                 
       
Telecommunication Services — 4.2%
  296    
AT&T, Inc. 
    7,363  
  107    
Verizon Communications, Inc. 
    3,296  
                 
                      10,659  
                         
       
Utilities — 7.4%
  93    
American Electric Power Co., Inc. 
    2,690  
  120    
Dominion Resources, Inc. 
    4,023  
  43    
Edison International
    1,362  
  28    
Entergy Corp. 
    2,178  
  48    
Exelon Corp. 
    2,474  
  107    
FPL Group, Inc. 
    6,086  
                 
                      18,813  
                         
       
Total common stocks
(cost $290,655)
  $ 254,314  
                 
       
Total long-term investments
(cost $290,655)
  $ 254,314  
                 
                         
                         
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  79  ­ ­


Table of Contents

 
Hartford Equity Income HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount               Value (W)  
 
SHORT-TERM INVESTMENTS — 1.0%
       
Repurchase Agreements — 1.0%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $160, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $163)
       
$ 160    
   0.09%, 6/30/2009
  $ 160  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,473, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $1,503)
       
  1,473    
   0.05%, 6/30/2009
    1,473  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $370, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $378)
       
  370    
   0.09%, 6/30/2009
    370  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $555, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $566)
       
  555    
   0.08%, 6/30/2009
    555  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1)
       
  1    
   0.03%, 6/30/2009
    1  
                 
                      2,559  
                         
       
Total short-term investments
(cost $2,559)
  $ 2,559  
                 
       
Total investments
(cost $293,214) (C)
    100.4 %   $ 256,873  
       
Other assets and liabilities
    (0.4 )%     (1,053 )
                         
       
Total net assets
    100.0 %   $ 255,820  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 10.5% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $295,381 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 10,254  
Unrealized Depreciation
    (48,762 )
         
Net Unrealized Depreciation
  $ (38,508 )
         
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Common Stocks
  $ 254,314     $ 253,004     $ 1,310     $      —  
Short-Term Investments
    2,559             2,559        
                                 
Total
  $ 256,873     $ 253,004     $ 3,869     $  
                                 
 
The accompanying notes are an integral part of these financial statements.

­ ­  80  ­ ­


Table of Contents

Hartford Fundamental Growth HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 99.1%
       
Capital Goods — 9.3%
  27    
Deere & Co. 
  $ 1,059  
  18    
Flowserve Corp. 
    1,264  
  11    
Fluor Corp. 
    574  
  38    
Honeywell International, Inc. 
    1,196  
  14    
Ingersoll-Rand Co. Class A
    286  
  15    
Precision Castparts Corp. 
    1,103  
                 
                      5,482  
                         
       
Consumer Durables & Apparel — 3.6%
  33    
Coach, Inc. 
    895  
  61    
D.R. Horton, Inc. 
    575  
  12    
NIKE, Inc. Class B
    616  
                 
                      2,086  
                         
       
Consumer Services — 1.3%
  13    
McDonald’s Corp. 
    753  
                 
       
Diversified Financials — 2.5%
  29    
Ameriprise Financial, Inc. 
    692  
  26    
Bank of America Corp. 
    346  
  3    
Goldman Sachs Group, Inc. 
    413  
                 
                      1,451  
                         
       
Energy — 8.9%
  17    
Apache Corp. 
    1,248  
  42    
Atwood Oceanics, Inc. (D)
    1,056  
  12    
Hess Corp. 
    645  
  15    
Marathon Oil Corp. 
    455  
  24    
Noble Corp. 
    711  
  17    
Petroleo Brasileiro S.A. ADR
    689  
  11    
Ultra Petroleum Corp. (D)
    433  
                 
                      5,237  
                         
       
Food & Staples Retailing — 4.0%
  48    
CVS/Caremark Corp. 
    1,517  
  18    
Wal-Mart Stores, Inc. 
    853  
                 
                      2,370  
                         
       
Food, Beverage & Tobacco — 1.7%
  18    
PepsiCo, Inc. 
    1,000  
                 
       
Health Care Equipment & Services — 5.4%
  16    
Covidien plc
    580  
  26    
Medtronic, Inc. 
    921  
  36    
UnitedHealth Group, Inc. 
    902  
  16    
Wellpoint, Inc. (D)
    829  
                 
                      3,232  
                         
       
Household & Personal Products — 1.5%
  18    
Procter & Gamble Co. 
    915  
                 
       
Insurance — 3.6%
  33    
Aflac, Inc. 
    1,035  
  90    
Assured Guaranty Ltd. 
    1,114  
                 
                      2,149  
                         
       
Materials — 0.5%
  6    
Freeport-McMoRan Copper & Gold, Inc. 
    311  
                 
       
Media — 0.9%
  22    
Walt Disney Co. 
    506  
                 
       
Pharmaceuticals, Biotechnology & Life Sciences — 8.9%
  12    
Abbott Laboratories
    574  
  10    
Amgen, Inc. (D)
    529  
  30    
AstraZeneca plc ADR
    1,306  
  23    
Celgene Corp. (D)
    1,100  
  11    
Cephalon, Inc. (D)
    635  
  9    
Genzyme Corp. (D)
    518  
  12    
Teva Pharmaceutical Industries Ltd. ADR
    597  
                 
                      5,259  
                         
       
Retailing — 6.5%
  19    
Best Buy Co., Inc. 
    626  
  18    
Kohl’s Corp. (D)
    765  
  43    
Lowe’s Co., Inc. 
    841  
  45    
Nordstrom, Inc. 
    891  
  36    
Staples, Inc. 
    732  
                 
                      3,855  
                         
       
Semiconductors & Semiconductor Equipment — 3.7%
  59    
Intel Corp. 
    983  
  123    
Micron Technology, Inc. (D)
    621  
  29    
Texas Instruments, Inc. 
    611  
                 
                      2,215  
                         
       
Software & Services — 16.7%
  30    
Accenture Ltd. Class A
    1,001  
  31    
Alliance Data Systems Corp. (D)
    1,293  
  3    
Google, Inc. (D)
    1,244  
  97    
Microsoft Corp. 
    2,303  
  79    
Oracle Corp. 
    1,686  
  31    
VeriSign, Inc. (D)
    563  
  12    
Visa, Inc. 
    716  
  65    
Western Union Co. 
    1,063  
                 
                      9,869  
                         
       
Technology Hardware & Equipment — 18.6%
  11    
Apple, Inc. (D)
    1,510  
  92    
Cisco Systems, Inc. (D)
    1,717  
  80    
Corning, Inc. 
    1,285  
  63    
EMC Corp. (D)
    822  
  61    
Hewlett-Packard Co. 
    2,338  
  16    
IBM Corp. 
    1,650  
  26    
NetApp, Inc. (D)
    507  
  27    
Qualcomm, Inc. 
    1,202  
                 
                      11,031  
                         
       
Transportation — 1.5%
  24    
Norfolk Southern Corp. 
    919  
                 
       
Total common stocks
(cost $60,838)
  $ 58,640  
                 
       
Total long-term investments
(cost $60,838)
  $ 58,640  
                 
                         
                         
Principal
                 
Amount                  
 
SHORT-TERM INVESTMENTS — 0.7%
       
Repurchase Agreements — 0.7%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $25, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $26)
       
$ 25    
   0.09%, 6/30/2009
    25  
 
The accompanying notes are an integral part of these financial statements.

­ ­  81  ­ ­


Table of Contents

 
Hartford Fundamental Growth HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
SHORT-TERM INVESTMENTS — (continued)
                         
       
Repurchase Agreements — (continued)
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $234, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $238)
       
$ 234    
   0.05%, 6/30/2009
  $ 234  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $59, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $60)
       
  59    
   0.09%, 6/30/2009
    59  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $88, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $90)
       
  88    
   0.08%, 6/30/2009
    88  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $—, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $—)
       
     
   0.03%, 6/30/2009
     
                 
                      406  
                         
       
Total short-term investments
(cost $406)
  $ 406  
                 
       
Total investments
(cost $61,244) (C)
    99.8 %   $ 59,046  
       
Other assets and liabilities
    0.2 %     142  
                         
       
Total net assets
    100.0 %   $ 59,188  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 4.3% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $63,477 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 3,481  
Unrealized Depreciation
    (7,912 )
         
Net Unrealized Depreciation
  $ (4,431 )
         
 
(D) Currently non-income producing.
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Common Stocks
  $ 58,640     $ 58,640     $     $      —  
Short-Term Investments
    406             406        
                                 
Total
  $ 59,046     $ 58,640     $ 406     $  
                                 
 
The accompanying notes are an integral part of these financial statements.

­ ­  82  ­ ­


Table of Contents

Hartford Global Advisers HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares               Value (W)  
COMMON STOCKS — 63.8%
       
Automobiles & Components — 1.4%
  41    
Daimler AG
  $ 1,501  
  240    
Nissan Motor Co., Ltd
    1,455  
                 
                      2,956  
                         
       
Banks — 2.4%
  130    
Banco Santander Central Hispano S.A
    1,570  
  179    
BOC Hong Kong Holdings Ltd
    311  
  102    
Itau Unibanco Banco Multiplo S.A. ADR
    1,607  
  90    
Standard Chartered plc
    1,686  
                 
                      5,174  
                         
       
Capital Goods — 7.9%
  23    
Danaher Corp
    1,445  
  34    
Deere & Co
    1,366  
  44    
Illinois Tool Works, Inc
    1,654  
  28    
Lockheed Martin Corp
    2,282  
  32    
Parker-Hannifin Corp
    1,370  
  17    
Precision Castparts Corp
    1,220  
  30    
Siemens AG
    2,094  
  14    
Smc Corp
    1,493  
  77    
Sunpower Corp. (D)
    2,061  
  27    
Vestas Wind Systems A/S (D)
    1,965  
                 
                      16,950  
                         
       
Consumer Services — 0.6%
  198    
MGM Mirage, Inc. (D)
    1,263  
                 
       
Diversified Financials — 3.5%
  208    
Bank of America Corp
    2,750  
  10    
Goldman Sachs Group, Inc
    1,504  
  47    
JP Morgan Chase & Co
    1,596  
  43    
Julius Baer Holding Ltd
    1,670  
                 
                      7,520  
                         
       
Energy — 6.2%
  102    
BG Group plc
    1,711  
  37    
Canadian Natural Resources Ltd
    1,931  
  20    
EOG Resources, Inc
    1,365  
  33    
Hess Corp
    1,752  
  47    
National Oilwell Varco, Inc. (D)
    1,538  
  44    
Petroleo Brasileiro S.A. ADR
    1,811  
  46    
Schlumberger Ltd
    2,511  
  47    
Seadrill Ltd
    673  
                 
                      13,292  
                         
       
Food & Staples Retailing — 1.7%
  145    
Koninklijke Ahold N.V
    1,673  
  42    
Metro AG
    2,025  
                 
                      3,698  
                         
       
Food, Beverage & Tobacco — 2.8%
  83    
British American Tobacco plc
    2,304  
  15    
Carlsberg A/S Class B
    942  
  72    
Nestle S.A
    2,702  
                 
                      5,948  
                         
       
Health Care Equipment & Services — 2.8%
  32    
Fresenius Medical Care AG & Co
    1,424  
  5    
Intuitive Surgical, Inc. (D)
    785  
  52    
St. Jude Medical, Inc. (D)
    2,125  
  67    
UnitedHealth Group, Inc
    1,666  
                 
                      6,000  
                         
       
Household & Personal Products — 1.0%
  49    
Reckitt Benckiser Group plc
    2,228  
                 
       
Insurance — 1.6%
  10    
Muenchener Rueckversicherungs NPV
    1,405  
  147    
Ping An Insurance (Group) Co
    983  
  29    
Prudential Financial, Inc
    1,087  
                 
                      3,475  
                         
       
Materials — 4.9%
  55    
Barrick Gold Corp
    1,845  
  105    
BHP Billiton plc
    2,360  
  19    
Monsanto Co
    1,405  
  19    
Praxair, Inc
    1,350  
  29    
Shin-Etsu Chemical Co., Ltd
    1,350  
  194    
Xstrata plc
    2,109  
                 
                      10,419  
                         
       
Media — 1.3%
  104    
Comcast Corp. Class A
    1,510  
  182    
WPP plc
    1,211  
                 
                      2,721  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 6.2%
  37    
Abbott Laboratories #
    1,717  
  27    
Allergan, Inc. #
    1,299  
  34    
Amgen, Inc. (D)#
    1,784  
  55    
CSL Ltd
    1,428  
  78    
Daiichi Sankyo Co., Ltd
    1,383  
  34    
Gilead Sciences, Inc. (D)
    1,583  
  14    
Roche Holding AG
    1,884  
  48    
Teva Pharmaceutical Industries Ltd. ADR
    2,363  
                 
                      13,441  
                         
       
Retailing — 3.5%
  41    
Best Buy Co., Inc
    1,386  
  91    
Gap, Inc
    1,484  
  23    
Industria de Diseno Textil S.A
    1,086  
  24    
Kohl’s Corp. (D)
    1,013  
  388    
Li & Fung Ltd
    1,036  
  77    
Lowe’s Co., Inc
    1,497  
                 
                      7,502  
                         
       
Semiconductors & Semiconductor Equipment — 1.7%
  78    
Altera Corp. #
    1,267  
  99    
NVIDIA Corp. (D)
    1,118  
  140    
Taiwan Semiconductor Manufacturing Co., Ltd. ADR
    1,315  
                 
                      3,700  
                         
       
Software & Services — 4.4%
  5    
Google, Inc. (D)
    2,101  
  173    
Oracle Corp
    3,706  
  27    
Visa, Inc
    1,675  
  117    
Western Union Co
    1,919  
                 
                      9,401  
                         
       
Technology Hardware & Equipment — 5.8%
  16    
Apple, Inc. (D)#
    2,222  
  190    
Cisco Systems, Inc. (D)
    3,538  
  41    
Hewlett-Packard Co
    1,589  
  75    
NetApp, Inc. (D)
    1,475  
  48    
Qualcomm, Inc
    2,151  
  20    
Research In Motion Ltd. (D)
    1,414  
                 
                      12,389  
                         
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  83  ­ ­


Table of Contents

 
Hartford Global Advisers HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares               Value (W)  
                         
COMMON STOCKS — (continued)
       
Telecommunication Services — 4.1%
  60    
American Tower Corp. Class A (D)#
  $ 1,882  
  209    
MetroPCS Communications, Inc. (D)
    2,777  
  89    
Softbank Corp
    1,738  
  101    
Telefonica S.A
    2,282  
                 
                      8,679  
                         
       
Total common stocks
(cost $134,547)
  $ 136,756  
                 
                         
                         
Principal
                 
Amount (B)                  
 
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 2.7%
       
Finance — 2.7%
       
Banc of America Commercial Mortgage, Inc.
       
$ 660    
   5.35%, 09/10/2047 (L)
  $ 573  
       
Bear Stearns Adjustable Rate Mortgage Trust
       
  206    
   4.62%, 10/25/2035 (L)
    163  
       
Bear Stearns Commercial Mortgage Securities, Inc.
       
  595    
   4.68%, 08/13/2039
    548  
  450    
   5.61%, 11/15/2033
    454  
       
Collegiate Funding Services Education Loan Trust I
       
  109    
   0.61%, 09/28/2017 (L)
    109  
       
Commercial Mortgage Asset Trust
       
  199    
   6.64%, 01/17/2032
    200  
       
Crusade Global Trust
       
  104    
   0.67%, 06/17/2037 (L)
    91  
  70    
   0.80%, 09/18/2034 (L)
    66  
  30    
   1.27%, 01/16/2035 (L)
    29  
  41    
   1.31%, 01/17/2034 (L)
    39  
       
CS First Boston Mortgage Securities Corp.
       
  450    
   3.94%, 05/15/2038
    406  
       
European Loan Conduit
       
GBP 55    
   1.69%, 11/01/2029 (I)(L)
    63  
       
Ford Credit Automotive Owner Trust
       
  137    
   0.67%, 06/15/2010 (L)
    137  
       
GE Commercial Loan Trust
       
  5    
   1.17%, 07/19/2015 (I)(L)
    5  
       
Goldman Sachs Mortgage Securities Corp. II
       
  110    
   0.84%, 03/06/2020 (I)(L)
    72  
       
Heller Financial Commercial Mortgage Asset
       
  366    
   7.75%, 01/17/2034
    367  
       
Interstar Millennium Trust
       
  256    
   1.34%, 07/07/2034 (L)
    233  
       
Medallion Trust
       
  158    
   0.70%, 02/27/2039 (L)
    139  
  155    
   0.80%, 12/21/2033 — 05/25/2035 (L)
    141  
       
Morgan Stanley Capital I
       
  375    
   5.23%, 09/15/2042
    333  
       
National RMBS Trust
       
  206    
   0.72%, 03/20/2034 (L)
    190  
       
New Century Home Equity Loan Trust
       
  8    
   0.60%, 03/25/2035 (L)
    3  
       
Nissan Automotive Receivables Owner Trust
       
  346    
   5.03%, 05/16/2011
    352  
       
Nomura Asset Securities Corp.
       
  6    
   6.59%, 03/15/2030
    6  
       
Prudential Commercial Mortgage Trust
       
  570    
   4.49%, 02/11/2036
  $ 538  
       
Wachovia Bank Commercial Mortgage Trust
       
  476    
   0.45%, 07/15/2042 (L)
    445  
       
Westpac Securitisation Trust
       
  159    
   0.68%, 03/23/2036 (L)
    143  
                 
                      5,845  
                         
       
Total asset & commercial mortgage backed securities
(cost $6,204)
  $ 5,845  
                 
                         
                         
CORPORATE BONDS: INVESTMENT GRADE — 23.7%
       
Basic Materials — 0.4%
       
Anglo American Capital plc
       
$ 125    
   9.38%, 04/08/2014 (I)
  $ 136  
       
Rio Tinto Finance USA Ltd.
       
  180    
   9.00%, 05/01/2019
    200  
       
Rio Tinto Finance USA, Ltd.
       
  280    
   8.95%, 05/01/2014
    311  
       
Yara International ASA
       
  235    
   7.88%, 06/11/2019 (I)
    245  
                 
                      892  
                         
       
Capital Goods — 0.1%
       
Hutchison Whampoa International Ltd.
       
  215    
   7.63%, 04/09/2019 (I)
    239  
                 
       
Consumer Cyclical — 0.3%
       
DaimlerChrysler NA Holdings Corp.
       
  485    
   4.88%, 06/15/2010
    485  
       
Home Depot, Inc.
       
  310    
   0.75%, 12/16/2009 (L)
    309  
                 
                      794  
                         
       
Consumer Staples — 1.0%
       
Anheuser-Busch Cos., Inc.
       
  170    
   5.50%, 01/15/2018
    164  
       
Cia Brasileira de Bebidas
       
  300    
   10.50%, 12/15/2011
    345  
       
Diageo Capital plc
       
  430    
   5.20%, 01/30/2013
    447  
       
Kellogg Co.
       
  430    
   4.25%, 03/06/2013
    443  
  325    
   5.13%, 12/03/2012
    347  
       
Philip Morris International, Inc.
       
  270    
   5.65%, 05/16/2018
    283  
                 
                      2,029  
                         
       
Energy — 0.4%
       
EnCana Corp.
       
  305    
   5.90%, 12/01/2017
    313  
       
Gaz Capital S.A.
       
EUR 120    
   5.88%, 06/01/2015
    142  
       
Halliburton Co.
       
  155    
   6.15%, 09/15/2019
    168  
       
Hess Corp.
       
  140    
   8.13%, 02/15/2019
    159  
       
Marathon Oil Corp.
       
  165    
   7.50%, 02/15/2019
    180  
                 
                      962  
                         
       
Finance — 7.8%
       
Allied World Assurance
       
  260    
   7.50%, 08/01/2016
    220  
       
Aviva plc
       
  400    
   0.95%, 06/19/2017 (L)
    228  
 
The accompanying notes are an integral part of these financial statements.

­ ­  84  ­ ­


Table of Contents

 

 


 
                         
Principal
              Market
 
Amount (B)               Value (W)  
 
                         
CORPORATE BONDS: INVESTMENT GRADE — (continued)
                         
       
Finance — (continued)
       
BAE Systems Holdings, Inc.
       
$ 145    
   4.95%, 06/01/2014 (I)
  $ 146  
  110    
   6.38%, 06/01/2019 (I)
    113  
       
Bank of America Corp.
       
EUR 100    
   4.00%, 03/28/2018 (L)
    97  
  335    
   7.38%, 05/15/2014
    346  
       
Capital One Financial Corp.
       
  85    
   7.38%, 05/23/2014
    88  
       
COX Communications, Inc.
       
  440    
   4.63%, 06/01/2013
    433  
       
Credit Suisse New York
       
  150    
   5.00%, 05/15/2013
    153  
       
DBS Bank Ltd.
       
  250    
   1.07%, 05/16/2017 (I)(L)
    219  
       
Deutsche Boerse AG
       
EUR 55    
   7.50%, 06/13/2038
    69  
       
DNB Nor Bank ASA
       
EUR 365    
   1.47%, 05/30/2017 (L)
    403  
       
Eaton Vance Corp.
       
  125    
   6.50%, 10/02/2017
    118  
       
European Investment Bank
       
EUR 795    
   3.63%, 10/15/2011
    1,159  
AUD 790    
   7.00%, 01/24/2012
    667  
       
Federal Republic of Germany
       
EUR 400    
   3.75%, 07/04/2013
    591  
       
General Electric Capital Corp.
       
  125    
   5.90%, 05/13/2014
    127  
       
Goldman Sachs Group, Inc.
       
  110    
   6.00%, 05/01/2014
    115  
  300    
   6.15%, 04/01/2018
    292  
  155    
   7.50%, 02/15/2019
    166  
       
Honda Canada Finance, Inc.
       
CAD 275    
   5.68%, 09/26/2012
    242  
       
HSBC Holdings plc
       
  340    
   1.37%, 10/06/2016 (L)
    296  
       
Institut Credito Oficial
       
AUD 850    
   5.50%, 03/08/2011
    689  
       
International Lease Finance Corp.
       
  495    
   5.40%, 02/15/2012
    386  
       
JP Morgan Chase & Co.
       
  180    
   6.30%, 04/23/2019
    181  
       
JP Morgan Chase Bank NA
       
  555    
   6.00%, 10/01/2017
    540  
       
Kreditanstalt fuer Wiederaufbau
       
  1,470    
   3.25%, 02/15/2011
    1,517  
AUD 1,650    
   7.50%, 08/26/2011
    1,401  
       
Merrill Lynch & Co., Inc.
       
EUR 175    
   4.63%, 09/14/2018
    164  
       
Metlife Global Funding
       
GBP 250    
   5.25%, 01/09/2014
    383  
       
Mizuho Financial Group, Inc.
       
  300    
   5.79%, 04/15/2014 (I)
    309  
       
Morgan Stanley
       
  200    
   6.63%, 04/01/2018
    200  
       
National Australia Bank Ltd.
       
EUR 220    
   4.50%, 06/23/2016 (L)
    287  
       
New York Life Global Funding
       
EUR 535    
   3.75%, 10/19/2009
    736  
       
Nordea Bank Ab
       
  150    
   0.83%, 06/09/2016 (L)
    119  
       
Northern Trust Co.
       
GBP 150    
   5.38%, 03/11/2015
  $ 210  
       
PNC Funding Corp.
       
$ 135    
   5.40%, 06/10/2014
    137  
       
Principal Life Income Funding
       
  160    
   1.04%, 11/15/2010 (L)
    152  
       
Societe Financement de l’Economie Francaise
       
  1,025    
   2.13%, 01/30/2012 (I)
    1,026  
  760    
   3.38%, 05/05/2014 (I)
    762  
       
Southern Capital Corp.
       
  85    
   5.70%, 06/30/2022 (I)
    42  
       
Standard Chartered Bank
       
  425    
   6.40%, 09/26/2017 (I)
    384  
       
Svenska Handelsbanken Ab
       
EUR 350    
   1.61%, 10/19/2017 (L)
    395  
       
Temasek Financial I Ltd.
       
  320    
   4.50%, 09/21/2015 (I)
    327  
                 
                      16,635  
                         
       
Foreign Governments — 10.1%
       
Australian Government
       
AUD 660    
   6.00%, 02/15/2017
    551  
       
Belgium Kingdom
       
EUR 150    
   5.00%, 03/28/2035
    223  
       
Bundesrepublic Deutschland
       
EUR 525    
   5.25%, 01/04/2011
    782  
       
Buoni Poliennali Del Tes
       
EUR 615    
   6.00%, 05/01/2031
    942  
       
Caisse D’Amort Dette Soc.
       
EUR 1,850    
   4.50%, 09/04/2013
    2,758  
       
Canadian Government
       
CAD 240    
   3.75%, 06/01/2012
    217  
CAD 310    
   5.75%, 06/01/2033
    339  
       
Denmark (Kingdom of)
       
DKK 1,125    
   4.00%, 11/15/2015
    219  
DKK 225    
   4.50%, 11/15/2039
    44  
       
Deutschland Bundesrepublic
       
EUR 300    
   4.25%, 07/04/2018
    452  
EUR 150    
   4.75%, 07/04/2034
    224  
       
Finnish Government
       
EUR 75    
   4.38%, 07/04/2019
    110  
       
Irish Government
       
EUR 100    
   4.40%, 06/18/2019
    127  
       
Italy (Republic of)
       
  225    
   5.25%, 09/20/2016
    232  
       
Japanese Government
       
JPY 161,000    
   0.50%, 01/15/2011
    1,678  
JPY 464,150    
   0.70%, 12/20/2013
    4,829  
JPY 222,700    
   1.30%, 12/20/2018
    2,312  
JPY 124,950    
   1.80%, 06/20/2017
    1,366  
JPY 151,450    
   2.10%, 12/20/2027
    1,596  
       
Kommunalbanken AS
       
  350    
   3.38%, 11/15/2011
    359  
       
Malaysian Government
       
MYR 250    
   5.73%, 07/30/2019
    79  
       
Mexican Bonds
       
MXP 1,800    
   10.00%, 12/05/2024
    155  
       
Netherlands Government
       
EUR 100    
   4.00%, 01/15/2037
    133  
       
Norwegian Government
       
NOK 825    
   5.00%, 05/15/2015
    138  
       
Poland Government
       
PLN 580    
   6.25%, 10/24/2015
    185  
 
The accompanying notes are an integral part of these financial statements.

­ ­  85  ­ ­


Table of Contents

 
Hartford Global Advisers HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount (B)               Value (W)  
 
                         
CORPORATE BONDS: INVESTMENT GRADE — (continued)
                         
       
Foreign Governments — (continued)
       
Singapore Government
       
SGD 1,545    
   3.63%, 07/01/2014
  $ 1,171  
       
South Africa (Republic of)
       
ZAR 1,225    
8.25%, 09/15/2017
    153  
       
Swedish Government
       
SEK 1,795    
   4.50%, 08/12/2015
    252  
                 
                      21,626  
                         
       
Health Care — 0.6%
       
Amgen, Inc.
       
$ 90    
   5.70%, 02/01/2019
    95  
       
CVS Caremark Corp.
       
  375    
   0.97%, 06/01/2010 (L)
    372  
  190    
   5.75%, 06/01/2017
    191  
       
Pfizer, Inc.
       
  150    
   6.20%, 03/15/2019
    164  
       
Schering-Plough Corp.
       
EUR 300    
   5.38%, 10/01/2014
    441  
                 
                      1,263  
                         
       
Services — 0.4%
       
Comcast Corp.
       
  800    
   1.44%, 07/14/2009 (L)
    800  
                 
       
Technology — 2.5%
       
Cingular Wireless Services, Inc.
       
  475    
   7.88%, 03/01/2011 #
    512  
       
Hewlett-Packard Co.
       
  350    
   1.75%, 05/27/2011 (L)
    354  
       
Koninklijke KPN N.V.
       
EUR 65    
   6.25%, 02/04/2014
    99  
       
OTE plc
       
EUR 215    
   5.38%, 02/14/2011
    312  
       
Siemens Finance
       
  1,330    
   0.96%, 08/14/2009 (I)(L)
    1,329  
       
Telemar Norte Leste S.A.
       
  205    
   9.50%, 04/23/2019 (I)
    223  
       
Time Warner Cable, Inc.
       
  290    
   5.85%, 05/01/2017
    289  
  125    
   7.50%, 04/01/2014
    138  
       
Verizon Communications, Inc.
       
  240    
   4.35%, 02/15/2013
    245  
       
Verizon New England, Inc.
       
  375    
   6.50%, 09/15/2011
    399  
       
Verizon Wireless
       
  875    
   3.32%, 05/20/2011 (I)(L)
    901  
  395    
   5.55%, 02/01/2014 (I)
    419  
                 
                      5,220  
                         
       
Utilities — 0.1%
       
NSTAR
       
  300    
8.00%, 02/15/2010
    311  
                 
       
Total corporate bonds: investment grade
(cost $50,866)
  $ 50,771  
                 
                         
                         
U.S. GOVERNMENT AGENCIES — 7.5%
       
Federal Home Loan Mortgage Corporation — 2.3%
$ 1,538    
   0.67%, 11/15/2036 (L)
  $ 1,502  
  253    
   4.02%, 04/01/2029 (L)
    257  
  530    
   5.50%, 08/01/2019 — 08/15/2039 (Q)
    551  
  2,500    
   6.00%, 08/15/2039 (Q)
    2,600  
                 
                      4,910  
                         
       
Federal National Mortgage Association — 5.0%
  330    
   0.71%, 06/25/2036 (L)
    320  
  525    
   2.75%, 02/05/2014
    525  
  1,100    
   4.50%, 07/15/2022 — 08/15/2039 (Q)
    1,106  
  929    
   4.78%, 02/01/2014 (S)(L)
    971  
  1,479    
   4.97%, 12/01/2013 (S)
    1,560  
  2,039    
   5.00%, 02/01/2019 — 08/01/2038
    2,093  
  2,906    
   5.50%, 04/01/2034 — 10/01/2036
    3,007  
  672    
   6.50%, 11/01/2013 — 05/01/2036
    717  
  4    
   7.00%, 02/01/2029
    4  
                 
                      10,303  
                         
       
Government National Mortgage Association — 0.2%
  298    
   6.00%, 11/15/2028 — 06/15/2035
    313  
  37    
   6.50%, 10/15/2028
    40  
  309    
   7.50%, 09/16/2035
    338  
  35    
   8.00%, 10/15/2029 — 12/15/2030
    40  
                 
                      731  
                         
       
Total U.S. government agencies
(cost $15,508)
  $ 15,944  
                 
                         
                         
U.S. GOVERNMENT SECURITIES — 1.1%
       
U.S. Treasury Securities — 1.1%
       
U.S. Treasury Bonds — 0.9%
$ 1,725    
   4.50%, 05/15/2038
  $ 1,781  
  100    
   5.38%, 02/15/2031
    114  
                 
                      1,895  
                         
       
U.S. Treasury Notes — 0.2%
  75    
   0.88%, 03/31/2011
    75  
  75    
   3.13%, 04/30/2013
    78  
  10    
   3.13%, 08/31/2013
    10  
  95    
   3.75%, 11/15/2018
    97  
  265    
   3.88%, 05/15/2018
    273  
                 
                      533  
                         
                      2,428  
                         
       
Total U.S. government securities
(cost $2,405)
  $ 2,428  
                 
       
Total long-term investments
(cost $209,530)
  $ 211,744  
                 
                         
                         
SHORT-TERM INVESTMENTS — 2.9%
       
Repurchase Agreements — 2.9%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $385, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $393)
       
$ 385    
   0.09%, 6/30/2009
  $ 385  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,546, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $3,617)
       
  3,546    
   0.05%, 6/30/2009
    3,546  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $892, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $910)
       
  892    
   0.09%, 6/30/2009
    892  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
SHORT-TERM INVESTMENTS — (continued)
                         
       
Repurchase Agreements — (continued)
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,336, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,363)
       
$ 1,336    
   0.08%, 6/30/2009
  $ 1,336  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1)
       
  1    
   0.03%, 6/30/2009
    1  
                 
                      6,160  
                         
       
Total short-term investments
(cost $6,160)
  $ 6,160  
                 
       
Total investments
(cost $215,690) (C)
    101.7 %   $ 217,904  
       
Other assets and liabilities
    (1.7 )%     (3,640 )
                         
       
Total net assets
    100.0 %   $ 214,264  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 46.0% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $218,381 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 12,963  
Unrealized Depreciation
    (13,440 )
         
Net Unrealized Depreciation
  $ (477 )
         
 
(D) Currently non-income producing.
 
# This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.
 
(L) Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009.
 
(I) Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $6,960, which represents 3.25% of total net assets.
 
(Q) The cost of securities purchased on a when-issued or delayed delivery basis at June 30, 2009 was $4,008.
 
(B) All principal amounts are in U.S. dollars unless otherwise indicated.
 
             
AUD
  — Australian Dollar   MYR   — Malaysian Ringgit
CAD
  — Canadian Dollar   NOK   — Norwegian Krone
DKK
  — Denmark Krone   PLN   — Polish New Zloty
EUR
  — EURO   SEK   — Swedish Krona
GBP
  — British Pound   SGD   — Singapore Dollar
JPY
  — Japanese Yen   ZAR   — South African Rand
MXP
  — Mexican Peso        
 
(S) Security pledged as initial margin deposit for open futures contracts at June 30, 2009.
 
Futures Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Number of
      Expiration
  Appreciation/
Description
 
Contracts*
 
Position
 
Month
 
(Depreciation)
 
2 Year U.S. Treasury Note
    2       Short       Sep 2009     $  
5 Year U.S. Treasury Note
    46       Short       Sep 2009       (27 )
10 Year U.S. Treasury Note
    9       Short       Sep 2009       2  
90 Day Euro
    12       Short       Sep 2009       (7 )
3 Month Euro-Euribor
    2       Short       Sep 2009        
AUST 10 Year Bond
    8       Long       Sep 2009       2  
AUST 3 Year Bond
    37       Short       Sep 2009       12  
Canadian 10 Year Bond
    1       Long       Sep 2009        
DJ Euro STOXX 50
    73       Short       Sep 2009       49  
Euro Bond
    34       Long       Sep 2009       86  
Euro Bond
    45       Long       Sep 2009       70  
Euro BUXL 30 Year Bond
    6       Long       Sep 2009       16  
Euro-Schatz
    22       Long       Sep 2009       10  
FTSE 100 IDX
    28       Short       Sep 2009       48  
Japan 10Y Bond
    1       Long       Sep 2009       23  
Long Gilt
    12       Long       Sep 2009       36  
S&P 500 Mini
    155       Short       Sep 2009       155  
S&P/TSE 60 Index
    8       Short       Sep 2009       24  
Topix Index
    20       Short       Sep 2009       20  
U.S. Long Bond
    12       Long       Sep 2009       21  
                                 
                            $ 540  
                                 
 
* The number of contracts does not omit 000’s.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
Australian Dollar (Sell)
  $ 174     $ 174       07/01/09     $  
Australian Dollar (Buy)
    472       470       09/16/09       2  
Australian Dollar (Sell)
    72       73       09/16/09       1  
Australian Dollar (Buy)
    44       44       09/16/09        
Australian Dollar (Sell)
    3,993       3,957       09/16/09       (36 )
British Pound (Buy)
    706       708       07/01/09       (2 )
British Pound (Buy)
    523       525       07/02/09       (2 )
British Pound (Buy)
    142       143       09/16/09       (1 )
British Pound (Sell)
    2,281       2,269       09/18/09       (12 )
British Pound (Buy)
    282       279       09/16/09       3  
British Pound (Sell)
    1,234       1,243       09/16/09       9  
British Pound (Buy)
    280       277       09/18/09       3  
Canadian Dollar (Buy)
    192       202       09/16/09       (10 )
Canadian Dollar (Buy)
    104       107       09/17/09       (3 )
Canadian Dollar (Sell)
    70       72       07/27/09       2  
Canadian Dollar (Sell)
    928       970       09/16/09       42  
Canadian Dollar (Sell)
    1,009       1,038       09/17/09       29  
Chilean Peso (Sell)
    11       11       07/27/09        
Chinese Renminbi (Buy)
    859       869       09/02/09       (10 )
Chinese Renminbi (Sell)
    2,113       2,058       09/02/09       (55 )
Chinese Renminbi (Sell)
    210       203       02/22/10       (7 )
Chinese Renminbi (Buy)
    1,256       1,240       09/02/09       16  
Chinese Renminbi (Buy)
    210       209       02/22/10       1  
Czech Koruna (Buy)
    129       125       09/16/09       4  
Czech Koruna (Sell)
    98       96       09/16/09       (2 )
Danish Krone (Buy)
    47       47       09/16/09        
Danish Krone (Sell)
    267       264       09/16/09       (3 )
Danish Krone (Sell)
    1,407       1,259       03/05/10       (148 )
Danish Krone (Buy)
    235       232       09/16/09       3  
Euro (Buy)
    41       41       07/02/09        
Euro (Buy)
    264       274       09/02/09       (10 )
Euro (Buy)
    1,121       1,132       09/16/09       (11 )
Euro (Sell)
    13,343       13,308       09/16/09       (35 )
Euro (Sell)
    2,829       2,790       09/18/09       (39 )
Euro (Sell)
    457       459       07/01/09       2  
Euro (Sell)
    754       757       07/02/09       3  
Euro (Buy)
    443       404       09/02/09       39  
Euro (Sell)
    533       544       09/02/09       11  
 
The accompanying notes are an integral part of these financial statements.

­ ­  87  ­ ­


Table of Contents

 
Hartford Global Advisers HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                                 
(continued)
Forward Foreign Currency Contracts Outstanding at June 30, 2009
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
Euro (Buy)
  $ 3,249     $ 3,237       09/16/09     $ 12  
Euro (Sell)
    2,260       2,276       09/16/09       16  
Euro (Buy)
    300       299       09/18/09       1  
Hong Kong Dollar (Buy)
    316       316       07/02/09        
Hong Kong Dollar (Buy)
    143       144       06/12/12       (1 )
Hungarian Forint (Buy)
    253       246       09/16/09       7  
Hungarian Forint (Sell)
    222       208       09/16/09       (14 )
Indian Rupee (Buy)
    369       368       07/27/09       1  
Israeli New Shekel (Buy)
    360       360       09/16/09        
Israeli New Shekel (Sell)
    168       165       09/16/09       (3 )
Israeli New Shekel (Buy)
    48       48       09/16/09        
Japanese Yen (Buy)
    479       482       09/10/09       (3 )
Japanese Yen (Sell)
    2,387       2,336       09/10/09       (51 )
Japanese Yen (Buy)
    357       359       09/16/09       (2 )
Japanese Yen (Sell)
    449       448       09/16/09       (1 )
Japanese Yen (Buy)
    84       82       09/16/09       2  
Japanese Yen (Sell)
    11,699       11,702       09/16/09       3  
Malaysian Ringgit (Sell)
    84       85       09/16/09       1  
Malaysian Ringgit (Sell)
    48       48       09/16/09        
Mexican New Peso (Buy)
    89       88       09/17/09       1  
Mexican New Peso (Sell)
    163       162       09/17/09       (1 )
New Zealand Dollar (Buy)
    216       210       09/16/09       6  
New Zealand Dollar (Buy)
    90       90       09/16/09        
New Zealand Dollar (Sell)
    286       277       09/16/09       (9 )
Norwegian Krone (Buy)
    916       940       09/16/09       (24 )
Norwegian Krone (Sell)
    60       60       09/16/09        
Norwegian Krone (Buy)
    433       431       09/16/09       2  
Norwegian Krone (Sell)
    675       683       09/16/09       8  
Polish Zloty (Buy)
    351       347       09/16/09       4  
Polish Zloty (Sell)
    201       202       09/16/09       1  
Polish Zloty (Buy)
    224       217       09/17/09       7  
Polish Zloty (Buy)
    255       257       09/16/09       (2 )
Polish Zloty (Sell)
    927       906       09/16/09       (21 )
Polish Zloty (Sell)
    224       223       09/17/09       (1 )
Republic of Korea Won (Buy)
    144       143       09/16/09       1  
Republic of Korea Won (Sell)
    17       17       09/16/09        
Republic of Korea Won (Sell)
    70       70       09/16/09        
Singapore Dollar (Buy)
    283       282       09/16/09       1  
Singapore Dollar (Sell)
    1,208       1,212       09/16/09       4  
Singapore Dollar (Buy)
    142       142       09/16/09        
Singapore Dollar (Sell)
    145       144       09/16/09       (1 )
South African Rand (Sell)
    171       163       09/16/09       (8 )
South African Rand (Buy)
    7       7       09/16/09        
Swedish Krona (Buy)
    719       722       09/16/09       (3 )
Swedish Krona (Sell)
    115       113       09/16/09       (2 )
Swedish Krona (Buy)
    170       166       09/16/09       4  
Swedish Krona (Sell)
    1,039       1,052       09/16/09       13  
Swiss Franc (Buy)
    773       781       09/16/09       (8 )
Swiss Franc (Sell)
    358       358       09/16/09        
Swiss Franc (Sell)
    1,081       1,093       09/16/09       12  
Taiwanese Dollar (Buy)
    14       14       07/27/09        
Taiwanese Dollar (Sell)
    14       14       07/27/09        
                                 
                            $ (264 )
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
Diversification by Country
as of June 30, 2009
 
         
    Percentage of
Country
  Net Assets
Australia
    1.7 %
 
 
Belgium
    0.1  
 
 
Brazil
    2.0  
 
 
Canada
    3.0  
 
 
China
    0.5  
 
 
Denmark
    1.4  
 
 
Finland
    0.0  
 
 
France
    2.2  
 
 
Germany
    6.1  
 
 
Hong Kong
    0.6  
 
 
Ireland
    0.1  
 
 
Israel
    1.1  
 
 
Italy
    0.5  
 
 
Japan
    8.8  
 
 
Luxembourg
    0.6  
 
 
Malaysia
    0.0  
 
 
Mexico
    0.1  
 
 
Netherlands
    1.6  
 
 
Norway
    0.9  
 
 
Poland
    0.1  
 
 
Singapore
    0.7  
 
 
South Africa
    0.1  
 
 
Spain
    2.6  
 
 
Sweden
    0.4  
 
 
Switzerland
    3.0  
 
 
Taiwan
    0.6  
 
 
United Kingdom
    7.2  
 
 
United States
    52.8  
 
 
Short-Term Investments
    2.9  
 
 
Other Assets and Liabilities
    (1.7 )
 
 
Total
    100.0 %
 
 
 
 
The accompanying notes are an integral part of these financial statements.

­ ­  88  ­ ­


Table of Contents

 

 


 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Asset & Commercial Mortgage Backed Securities
  $ 5,845     $     $ 5,541     $     304  
Common Stocks
    136,756       87,074       49,682        
Corporate Bonds: Investment Grade
    50,771             50,771        
U.S. Government Agencies
    15,944             15,944        
U.S. Government Securities
    2,428             2,428        
Short-Term Investments
    6,160             6,160        
                                 
Total
  $ 217,904     $ 87,074     $ 130,526     $ 304  
                                 
Other Financial Instruments (Q)
  $ 851     $ 574     $ 277     $  
                                 
Liabilities:
                               
Other Financial Instruments (Q)
  $ 575     $ 34     $ 541     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                                                 
    Balance as of
          Change in
          Transfers In
       
    December 31,
    Realized Gain
    Unrealized
          and/or Out of
    Balance as of
 
    2008     (Loss)     Appreciation     Net Sales     Level 3     June 30, 2009  
 
Assets:
                                               
Asset & Commercial Mortgage Backed Securities
    1,027             11 *     (333 )     (401 )     304  
Corporate Bonds
    86             (A)           (86 )      
                                                 
Total
  $ 1,113     $     $ 11     $ (333 )   $ (487 )   $ 304  
                                                 
 
* Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(4).
 
(A) Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $—.
 
The accompanying notes are an integral part of these financial statements.

­ ­  89  ­ ­


Table of Contents

Hartford Global Equity HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares
              Value (W)  
COMMON STOCKS — 97.1%
       
Automobiles & Components — 1.6%
  2    
Daimler AG
  $ 77  
  34    
Ford Motor Co. (D)
    206  
  22    
Honda Motor Co., Ltd. 
    606  
  2    
Johnson Controls, Inc. 
    46  
  5    
Michelin (C.G.D.E.) Class B
    283  
  5    
Peugeot S.A. 
    135  
                 
                      1,353  
                         
       
Banks — 9.3%
  41    
Banco do Estado do Rio Grande do Sul S.A. 
    163  
  6    
Banco Latinoamericano de Exportaciones S.A. ADR Class E
    68  
  16    
Banco Santander Central Hispano S.A. 
    192  
  127    
Bangkok Bank plc
    417  
  20    
Bank of Nova Scotia
    737  
  1    
BNP Paribas
    88  
  64    
Citizens Republic Bancorp, Inc. (D)
    45  
  10    
Comerica, Inc. 
    212  
  319    
Dah Sing Banking Group Ltd. 
    314  
  51    
DBS Group Holdings Ltd. 
    410  
  85    
DNB Nor ASA (D)
    651  
  2    
Gronlandsbanken
    134  
  2    
HDFC Bank Ltd. ADR
    201  
  34    
HSBC Holding plc
    279  
  45    
Intesa Sanpaolo
    146  
  34    
Itau Unibanco Banco Multiplo S.A. ADR
    542  
  9    
Mitsubishi UFJ Financial Group, Inc. 
    57  
  14    
Nordea Bank AB
    109  
  15    
Oversea-Chinese Banking Corp., Ltd. 
    71  
  1    
PNC Financial Services Group, Inc. 
    33  
  69    
Popular, Inc. 
    151  
     
Ringkjoebing Landbobank (D)
    28  
  4    
Societe Generale Class A
    219  
  18    
Sparebanken Midt-Norge
    120  
  35    
Standard Chartered plc
    661  
  7    
Toronto-Dominion Bank
    367  
  13    
Toronto-Dominion Bank ADR
    678  
  46    
Washington Mutual, Inc. Private Placement (H)(A)
    4  
  10    
Webster Financial Corp. 
    80  
  21    
Wells Fargo & Co. 
    502  
                 
                      7,679  
                         
       
Capital Goods — 5.0%
  2    
AMETEK, Inc. 
    53  
  2    
Assa Abloy Ab
    22  
  20    
BAE Systems plc
    114  
  4    
BE Aerospace, Inc. (D)
    60  
  1    
Carlisle Cos., Inc. 
    17  
  56    
China State Construction International Holdings Ltd. 
    19  
  3    
Danaher Corp. 
    194  
  2    
Deere & Co. 
    91  
  1    
Dover Corp. 
    24  
  2    
Finmeccanica S.p.A
    34  
     
Flowserve Corp. 
    18  
     
Fluor Corp. 
    25  
  55    
General Electric Co. 
    647  
  40    
Hino Motors Ltd. 
    125  
  3    
Hochtief AG
    171  
  2    
Honeywell International, Inc. 
    73  
  5    
Illinois Tool Works, Inc. 
    200  
  3    
Ingersoll-Rand Co. Class A
    62  
  5    
Lockheed Martin Corp. 
    364  
  4    
Parker-Hannifin Corp. 
    155  
  5    
Pentair, Inc. 
    129  
  1    
Precision Castparts Corp. 
    87  
  2    
Raytheon Co. 
    104  
  3    
Rockwell Automation, Inc. 
    90  
  30    
Rolls-Royce Group plc (H)
    177  
  5    
Siemens AG
    352  
     
Smc Corp. 
    16  
  7    
Spirit Aerosystems Holdings, Inc. (D)
    95  
  4    
Teledyne Technologies, Inc. (D)
    116  
  6    
United Technologies Corp. 
    316  
  2    
Vinci S.A. 
    93  
  10    
Volvo Ab Class B
    62  
                 
                      4,105  
                         
       
Commercial & Professional Services — 0.0%
  1    
Manpower, Inc. 
    25  
                 
       
Consumer Durables & Apparel — 1.1%
  202    
Anta Sports Products Ltd. 
    251  
  279    
China Dongxiang Group Co. 
    187  
  9    
Fortune Brands, Inc. 
    315  
  9    
MRV Engenharia e Participacoes S.A. 
    119  
  15    
Peace Mark Holdings Ltd. (H)(A)
     
  37    
Ports Design Ltd. 
    87  
                 
                      959  
                         
       
Consumer Services — 1.1%
  2    
Accor S.A. 
    67  
  3    
Apollo Group, Inc. Class A (D)
    219  
  4    
Bally Technologies, Inc. (D)
    116  
  418    
Galaxy Entertainment Group Ltd. (D)
    109  
     
Home Inns & Hotels Management, Inc. (D)
    1  
     
Megastudy Co., Ltd. 
    89  
  502    
NagaCorp Ltd. 
    67  
  2    
Penn National Gaming, Inc. (D)
    68  
  5    
Sonic Corp. (D)
    47  
  3    
WMS Industries, Inc. (D)
    93  
                 
                      876  
                         
       
Diversified Financials — 4.1%
  12    
Ameriprise Financial, Inc. 
    281  
  41    
Bank of America Corp. 
    546  
  26    
BM & F Bovespa S.A. 
    155  
  7    
Deutsche Boerse AG
    580  
  45    
Fortis
    153  
  4    
Goldman Sachs Group, Inc. 
    622  
  1    
Groupe Bruxelles Lambert S.A. 
    60  
  5    
Invesco Ltd. 
    82  
  11    
Julius Baer Holding Ltd. 
    442  
  1    
Moody’s Corp. 
    19  
  16    
Nasdaq OMX Group, Inc. (D)
    341  
  13    
UBS AG
    157  
                 
                      3,438  
                         
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  90  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares
              Value (W)  
                         
COMMON STOCKS — (continued)
       
Energy — 11.5%
  2    
Anadarko Petroleum Corp. 
  $ 73  
  4    
Baker Hughes, Inc. 
    157  
  35    
BG Group plc
    583  
  46    
BP plc
    361  
  10    
BP plc ADR
    473  
  3    
Cabot Oil & Gas Corp. 
    85  
  10    
Canadian Natural Resources Ltd. ADR
    533  
  4    
Canadian Oil SandsTrust
    94  
  3    
Chesapeake Energy Corp. 
    58  
  3    
Chevron Corp. 
    216  
  171    
China Shenhua Energy Co., Ltd. 
    624  
  3    
ConocoPhillips Holding Co. 
    106  
  2    
Consol Energy, Inc. 
    77  
  7    
Devon Energy Corp. 
    355  
  2    
Enbridge Energy Management (D)
    68  
  3    
EnCana Corp. ADR
    149  
  2    
Eni S.p.A. ADR
    115  
  6    
EOG Resources, Inc. 
    392  
  12    
Exxon Mobil Corp. 
    866  
  8    
Halliburton Co. 
    157  
  2    
Hess Corp. 
    88  
  2    
Husky Energy, Inc. 
    61  
  45    
Lundin Petroleum Ab (D)
    347  
  3    
Marathon Oil Corp. 
    91  
  1    
Newfield Exploration Co. (D)
    36  
  5    
Noble Energy, Inc. 
    279  
  25    
OAO Gazprom Class S ADR
    513  
  3    
Occidental Petroleum Corp. 
    228  
  11    
OMV AG
    404  
  2    
Overseas Shipholding Group, Inc. 
    67  
  2    
Peabody Energy Corp. 
    54  
  2    
Petro-Canada
    87  
  3    
PetroChina Co. Ltd. ADR
    386  
  5    
Petroleo Brasileiro S.A. ADR
    185  
  1    
Reliance Industries GDR (I)(D)
    85  
  3    
Royal Dutch Shell plc ADR
    131  
  4    
Schlumberger Ltd. 
    211  
  5    
Suncor Energy, Inc. ADR
    152  
  2    
Teekay Tankers Ltd. 
    18  
  3    
Total S.A. ADR
    162  
  1    
Transocean, Inc. (D)
    61  
  3    
Tsakos Energy Navigation Ltd. 
    42  
  1    
Ultra Petroleum Corp. (D)
    35  
  4    
Valero Energy Corp. 
    67  
  10    
Weatherford International Ltd. (D)
    189  
  2    
Williams Cos., Inc. 
    27  
  1    
XTO Energy, Inc. 
    33  
                 
                      9,581  
                         
       
Food & Staples Retailing — 0.5%
  3    
Walgreen Co. 
    80  
  5    
Wal-Mart Stores, Inc. 
    247  
  3    
Woolworths Ltd. 
    62  
                 
                      389  
                         
       
Food, Beverage & Tobacco — 6.5%
  12    
Altria Group, Inc. 
    204  
  24    
British American Tobacco plc
    665  
  7    
Carlsberg A/S Class B
    424  
  3    
Cental Euro Distribution Corp. (D)
    81  
  12    
China Mengniu Dairy Co. 
    27  
  29    
China Yurun Food Group Ltd. 
    43  
  6    
Coca-Cola Enterprises, Inc. 
    106  
  4    
Coca-Cola Hellenic Bottling
    74  
  2    
Coca-Cola Icecek
    14  
  9    
Cosan Ltd. (D)
    47  
  14    
Cott Corp. (D)
    79  
  197    
Golden Agri Resources Ltd. 
    51  
  34    
Golden Agri-Resources — Rights (H)
    5  
  2    
Groupe Danone
    91  
  7    
Heineken N.V. 
    269  
  2    
Hormel Foods Corp. 
    61  
  21    
Imperial Tobacco Group plc
    545  
  6    
Kellogg Co. 
    257  
  2    
Lorillard, Inc. 
    150  
  46    
Marine Harvest (D)
    31  
  27    
Nestle S.A. 
    1,027  
  1    
Perdigao S.A. (D)
    39  
  10    
Philip Morris International, Inc. 
    416  
  66    
Premier Foods plc
    40  
  5    
Ralcorp Holdings, Inc. (D)
    280  
  3    
Swedish Match Ab
    48  
  7    
Unilever N.V. CVA
    162  
  2    
Wimm-Bill-Dann Foods (D)
    96  
                 
                      5,332  
                         
       
Health Care Equipment & Services — 4.4%
  4    
Amerisource Bergen Corp. 
    79  
  6    
Baxter International, Inc. 
    309  
  2    
Beckman Coulter, Inc. 
    137  
  1    
Becton, Dickinson & Co. 
    86  
  3    
Cardinal Health, Inc. 
    84  
  1    
Community Health Systems, Inc. (D)
    21  
  2    
Coventry Health Care, Inc. (D)
    46  
  14    
Covidien plc
    523  
  1    
Eclipsys Corp. (D)
    18  
  4    
Health Management Associates, Inc. Class A (D)
    22  
  8    
Hospira, Inc. (D)
    292  
  1    
Humana, Inc. (D)
    46  
  6    
McKesson Corp. 
    260  
  16    
Medtronic, Inc. 
    569  
  8    
SSL International plc
    70  
  5    
St. Jude Medical, Inc. (D)
    210  
  2    
Synthes, Inc. 
    161  
  22    
UnitedHealth Group, Inc. 
    548  
  3    
Wellpoint, Inc. (D)
    132  
                 
                      3,613  
                         
       
Household & Personal Products — 0.4%
  18    
Dabur India Ltd. 
    47  
  5    
Hengan International Group Co., Ltd. 
    23  
  1    
Herbalife Ltd. 
    36  
  29    
Marico Ltd. 
    45  
  1    
Oriflame Cosmetics S.A. ADR
    63  
  1    
Reckitt Benckiser Group plc
    56  
                 
                      270  
                         
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  91  ­ ­


Table of Contents

 
Hartford Global Equity HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares
              Value (W)  
                         
COMMON STOCKS — (continued)
       
Insurance — 2.5%
  14    
ACE Ltd. 
  $ 615  
  3    
Aflac, Inc. 
    87  
  2    
Everest Re Group Ltd. 
    171  
  11    
Hilltop Holdings, Inc. (D)
    134  
  6    
Marsh & McLennan Cos., Inc. 
    125  
  7    
Paris RE Holdings Ltd. 
    105  
  5    
Platinum Underwriters Holdings Ltd. 
    143  
  2    
Principal Financial Group, Inc. 
    43  
  3    
Prudential Financial, Inc. 
    97  
  2    
Transatlantic Holdings, Inc. 
    82  
  20    
Unum Group
    319  
  1    
Zurich Financial Services AG
    139  
                 
                      2,060  
                         
       
Materials — 8.0%
  1    
Agnico Eagle Mines Ltd. 
    76  
  1    
Agrium, Inc. 
    34  
  1    
Air Products and Chemicals, Inc. 
    90  
  3    
Albemarle Corp. 
    66  
  1    
Anglo American Platinum Co., Ltd. 
    52  
  4    
Anglo American plc
    116  
  12    
Aquarius Platinum Ltd. 
    45  
  5    
Barrick Gold Corp. 
    170  
  8    
BASF SE
    313  
  4    
BHP Billiton Ltd. ADR
    207  
  5    
BHP Billiton plc
    105  
  3    
Celanese Corp. 
    82  
  9    
CRH plc
    196  
  3    
Croda International plc
    29  
  6    
Cytec Industries, Inc. 
    120  
  8    
FMC Corp. 
    392  
  1    
Freeport-McMoRan Copper & Gold, Inc. 
    38  
  399    
Huabao International Holdings Ltd. 
    385  
  1    
Martin Marietta Materials, Inc. 
    57  
  1    
Monsanto Co. 
    108  
  8    
Mosaic Co. 
    355  
  3    
Newmont Mining Corp. 
    123  
  3    
Potash Corp. of Saskatchewan, Inc. 
    237  
  4    
Potash Corp. of Saskatchewan, Inc. ADR
    386  
  3    
Praxair, Inc. 
    198  
  22    
Rexam plc
    105  
  27    
Rhodia S.A. 
    203  
  3    
Rio Tinto Ltd. 
    120  
  2    
Rio Tinto Ltd. — Rights (H)
    29  
  8    
Rio Tinto plc
    293  
  4    
Rio Tinto plc Rights
    51  
  6    
Shin-Etsu Chemical Co., Ltd. 
    290  
  28    
Solutia, Inc. (D)
    162  
  15    
Teck Cominco Ltd. Class B
    241  
  23    
Vale S.A. — SP ADR
    414  
  17    
Vedanta Resources plc
    358  
  33    
Xstrata plc
    363  
                 
                      6,609  
                         
       
Media — 1.4%
  1    
Arbitron, Inc. 
    11  
  6    
Comcast Corp. Class A
    90  
  2    
Comcast Corp. Special Class A
    23  
  1    
DirecTV Group, Inc. (D)
    29  
     
Discovery Communications, Inc. (D)
    11  
  2    
DreamWorks Animation SKG, Inc. (D)
    53  
  1    
Elsevier N.V
    16  
     
Marvel Entertainment, Inc. (D)
    10  
  5    
McGraw-Hill Cos., Inc. 
    136  
  26    
Reed Elsevier Capital, Inc. 
    191  
     
Scripps Networks Interactive Class A
    9  
  13    
SES Global S.A. 
    243  
  2    
Time Warner Cable, Inc. 
    50  
  3    
Time Warner, Inc. 
    76  
     
Viacom, Inc. Class B (D)
    10  
  3    
Vivendi S.A. 
    68  
  4    
Walt Disney Co. 
    84  
  11    
WPP plc
    70  
                 
                      1,180  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 10.7%
  2    
Abbott Laboratories
    105  
  6    
Amgen, Inc. (D)
    317  
  9    
Amylin Pharmaceuticals, Inc. (D)
    117  
  2    
Astellas Pharma, Inc. 
    84  
  5    
AstraZeneca plc
    233  
  7    
AstraZeneca plc ADR
    288  
  3    
Cephalon, Inc. (D)
    142  
  18    
Daiichi Sankyo Co., Ltd. 
    318  
  18    
Eisai Co., Ltd. 
    633  
  33    
Elan Corp. plc ADR (D)
    208  
  14    
Eli Lilly & Co. 
    484  
  9    
Forest Laboratories, Inc. (D)
    218  
  3    
Genzyme Corp. (D)
    153  
  5    
Gilead Sciences, Inc. (D)
    247  
  2    
H. Lundbeck A/S
    42  
  2    
Ipsen
    71  
  3    
Johnson & Johnson
    150  
  5    
King Pharmaceuticals, Inc. (D)
    50  
  3    
Laboratorios Almiral S.A. 
    36  
  5    
Medicines Co. (D)
    45  
  27    
Merck & Co., Inc. 
    747  
  2    
OSI Pharmaceuticals, Inc. (D)
    52  
  3    
PAREXEL International Corp. (D)
    46  
  64    
Pfizer, Inc. 
    963  
  5    
Regeneron Pharmaceuticals, Inc. (D)
    82  
  3    
Roche Holding AG
    342  
  2    
Sanofi-Aventis S.A. 
    131  
  6    
Sanofi-Aventis S.A. ADR
    166  
  22    
Schering-Plough Corp. 
    551  
  17    
Shionogi & Co., Ltd. 
    319  
  18    
Teva Pharmaceutical Industries Ltd. ADR
    895  
  6    
UCB S.A. 
    201  
  3    
Vertex Pharmaceuticals, Inc. (D)
    108  
  2    
Watson Pharmaceuticals, Inc. (D)
    64  
  4    
Wyeth
    200  
                 
                      8,808  
                         
       
Real Estate — 1.7%
  2    
AMB Property Corp. 
    43  
  1    
Boston Properties, Inc. 
    24  
  46    
Brasil Brokers Participacoes
    66  
     
Brasil Brokers Participacoes — Rights
     
  2    
Brookfield Asset Management, Inc. 
    41  
 
The accompanying notes are an integral part of these financial statements.

­ ­  92  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares
              Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Real Estate — (continued)
  1    
CB Richard Ellis Group, Inc. Class A (D)
  $ 6  
  5    
China Overseas Land & Investment Ltd. 
    12  
  5    
China Resources Land Ltd. 
    11  
  1    
Cyrela Commercial Properties S.A. EmpreendimentoseParticicpacoes
    3  
  32    
DB Rreef Trust
    19  
  11    
Diamondrock Hospitality
    69  
  2    
Douglas Emmett, Inc. 
    17  
  1    
Equity Residential Properties Trust
    21  
  14    
Forest City Enterprises, Inc. Class A
    94  
  2    
Hang Lung Properties Ltd. 
    7  
  4    
Host Hotels & Resorts, Inc. 
    31  
  2    
Kerry Properties Ltd. 
    6  
  5    
Kimco Realty Corp. 
    51  
  1    
Liberty International plc
    4  
  11    
Link Reit
    23  
  15    
Mitsubishi Estate Co., Ltd. 
    249  
     
Multiplan Empreendimentos Imobiliarios S.A. 
    4  
     
Public Storage
    29  
  1    
Regency Centers Corp. 
    39  
  2    
RioCan Real Estate Investment Trust
    20  
  1    
Simon Property Group, Inc. 
    30  
  9    
Sino-Ocean Land Holdings Ltd. 
    10  
  5    
Sun Hung Kai Properties Ltd. 
    57  
  2    
Unibail
    233  
  3    
Vornado Realty Trust
    146  
  2    
Westfield Group
    21  
  2    
Wharf Holdings Ltd. 
    8  
                 
                      1,394  
                         
       
Retailing — 4.5%
  5    
361 Degrees International Ltd. (D)
    3  
  1    
Advance Automotive Parts, Inc. 
    60  
  9    
American Eagle Outfitters, Inc. 
    128  
  2    
AutoZone, Inc. (D)
    231  
  4    
B2W Companhia Global do Varejo
    65  
  9    
Best Buy Co., Inc. 
    315  
  9    
Esprit Holdings Ltd. 
    49  
  28    
Gap, Inc. 
    455  
  93    
Golden Eagle Retail Group Ltd. 
    108  
  11    
Home Depot, Inc. 
    264  
  62    
Kingfisher plc
    183  
  3    
Kohl’s Corp. (D)
    134  
  1    
Lotte Shopping Co. (D)
    260  
  60    
Marks & Spencer Group plc
    305  
  2    
Next plc
    38  
  84    
Parkson Retail Group Ltd. 
    119  
  3    
Pinault-Printemps-Redoute S.A. 
    249  
  3    
Ross Stores, Inc. 
    107  
  1    
Sherwin-Williams Co. 
    54  
  20    
Staples, Inc. 
    396  
  2    
Target Corp. 
    91  
  3    
TJX Cos., Inc. 
    93  
                 
                      3,707  
                         
       
Semiconductors & Semiconductor Equipment — 0.9%
  6    
ASM Pacific Technology
    33  
  3    
Atheros Communications, Inc. (D)
    53  
  9    
Intel Corp. 
    142  
  2    
Lam Research Corp. (D)
    41  
  6    
Maxim Integrated Products, Inc. 
    98  
  8    
ON Semiconductor Corp. (D)
    54  
     
Samsung Electronics Co., Ltd. 
    139  
  49    
Taiwan Semiconductor Manufacturing Co., Ltd. 
    80  
  5    
Texas Instruments, Inc. 
    117  
                 
                      757  
                         
       
Software & Services — 5.2%
  12    
Accenture Ltd. Class A
    388  
  2    
Adobe Systems, Inc. (D)
    56  
  3    
Alliance Data Systems Corp. (D)
    127  
  6    
Automatic Data Processing, Inc. 
    229  
     
Baidu, Inc. ADR (D)
    142  
  2    
Cia Brasileira de Meios de Pagamentos (D)
    15  
  1    
DST Systems, Inc. (D)
    21  
  9    
Electronic Arts, Inc. (D)
    201  
  1    
Equinix, Inc. (D)
    67  
  1    
Google, Inc. (D)
    341  
  32    
Microsoft Corp. 
    770  
     
Nintendo Co., Ltd. 
    17  
  32    
Oracle Corp. 
    691  
  6    
Red Hat, Inc. (D)
    121  
  1    
Shanda Interactive Entertainment Ltd. ADR (D)
    60  
     
Sohu.com, Inc. (D)
    23  
  6    
Tencent Holdings Ltd. 
    68  
  2    
THQ, Inc. (D)
    17  
  2    
TiVo, Inc. (D)
    24  
  3    
Visa, Inc. 
    208  
  32    
Western Union Co. 
    518  
  11    
Yahoo!, Inc. (D)
    171  
                 
                      4,275  
                         
       
Technology Hardware & Equipment — 5.1%
  12    
Acer, Inc. 
    20  
  7    
Apple, Inc. (D)
    933  
  15    
Corning, Inc. 
    234  
  9    
EMC Corp. (D)
    123  
  17    
Hewlett-Packard Co. 
    647  
  84    
Hon Hai Precision Industry Co., Ltd. 
    256  
  18    
Hon Hai Precision Industry Co., Ltd. GDR §
    109  
  1    
IBM Corp. 
    112  
  36    
Motorola, Inc. 
    241  
  13    
NetApp, Inc. (D)
    252  
  10    
Qualcomm, Inc. 
    431  
  4    
Research In Motion Ltd. (D)
    318  
  27    
Seagate Technology
    283  
  9    
Western Digital Corp. (D)
    240  
  2    
Yaskawa Electric Corp. 
    15  
                 
                      4,214  
                         
       
Telecommunication Services — 4.3%
  6    
Brasil Telecom S.A. ADR
    118  
  2    
Cellcom Israel Ltd. 
    53  
  2    
CenturyTel, Inc. 
    53  
  3    
China Mobile Ltd. 
    26  
  3    
Crown Castle International Corp. (D)
    82  
  10    
Deutsche Telekom AG
    115  
  7    
France Telecom S.A. 
    167  
  3    
Koninklijke (Royal) KPN N.V
    39  
 
The accompanying notes are an integral part of these financial statements.

­ ­  93  ­ ­


Table of Contents

 
Hartford Global Equity HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares
              Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Telecommunication Services — (continued)
  5    
Leap Wireless International, Inc. (D)
  $ 175  
  3    
MetroPCS Communications, Inc. (D)
    39  
  6    
Millicom International Cellular S.A. (D)
    324  
  12    
Mobile Telesystems OJSC ADR
    436  
  22    
MTN Group Ltd. 
    338  
  7    
NII Holdings, Inc. Class B (D)
    134  
  4    
P.T. Telekomunikasi Indonesia ADR
    113  
  6    
Partner Communications Co., Ltd. ADR
    110  
  3    
Qwest Communications International, Inc. 
    13  
  4    
Tele Norte Leste Participacoes S.A. ADR
    60  
  348    
Telecom Italia S.p.A
    343  
  6    
Telefonica S.A. 
    145  
  4    
Telefonica S.A. ADR
    248  
  20    
Turkcell Iletisim Hizmetleri AS ADR
    280  
  8    
TW Telecom, Inc. (D)
    78  
  5    
Vimpel-Communications ADR
    54  
                 
                      3,543  
                         
       
Transportation — 2.9%
  10    
Abertis Infraestructuras S.A. 
    196  
  1    
C.H. Robinson Worldwide, Inc. 
    54  
  41    
China Merchants Holdings International Co., Ltd. 
    117  
  1    
Con-way, Inc. 
    32  
  51    
Covenant Transport (D)
    278  
  2    
Diana Shipping, Inc. 
    20  
  4    
Eagle Bulk Shipping, Inc. 
    18  
     
East Japan Railway Co. 
    12  
  5    
easyJet plc (D)
    23  
  3    
FedEx Corp. 
    160  
  5    
Forward Air Corp. 
    100  
  3    
Genesee & Wyoming, Inc. Class A (D)
    72  
  8    
Hub Group, Inc. (D)
    160  
  17    
J.B. Hunt Transport Services, Inc. 
    511  
  1    
Japan Airport Terminal
    14  
  23    
Jiangsu Express Co., Ltd. 
    17  
  3    
Kuehne & Nagel International AG
    244  
  3    
MTR Corp., Ltd. 
    8  
  6    
Omega Navigation Ent w/ Rights
    24  
  41    
PLUS Expressways Berhad
    37  
  3    
Ryanair Holdings plc ADR (D)
    80  
  1    
Sumitomo Warehouse
    5  
  3    
TNT N.V
    52  
  2    
United Parcel Service, Inc. Class B
    105  
  21    
YRC Worldwide, Inc. (D)
    37  
                 
                      2,376  
                         
       
Utilities — 4.4%
  2    
American Electric Power Co., Inc. 
    65  
  4    
CIA Saneamento Minas Gerais
    54  
  1    
CMS Energy Corp. 
    18  
  30    
Companhia Energetica de Minas Gerais ADR
    399  
  18    
E.On AG
    631  
  1    
Electricite de France
    41  
  12    
Enel S.p.A
    60  
  3    
EQT Corp. 
    100  
  11    
Exelon Corp. 
    587  
  4    
FirstEnergy Corp. 
    173  
  1    
FPL Group, Inc. 
    32  
  6    
Gaz de France
    238  
  9    
International Power plc
    35  
  5    
N.V. Energy, Inc. 
    53  
  14    
National Grid plc
    126  
  6    
Northeast Utilities
    144  
  1    
PG&E Corp. 
    50  
  3    
Questar Corp. 
    81  
  4    
Red Electrica Corporacion S.A. 
    178  
  1    
Severn Trent plc
    20  
  16    
Snam Rete Gas S.p.A
    71  
  2    
Southern Co. 
    47  
  12    
Tenaga Nasional Bhd
    27  
  38    
Tokyo Gas Co., Ltd. 
    137  
  3    
UniSource Energy Corp. 
    90  
  1    
Wisconsin Energy Corp. 
    50  
  5    
Xcel Energy, Inc. 
    85  
  10    
YTL Power International Berhad
    6  
                 
                      3,598  
                         
       
Total common stocks
(cost $85,422)
  $ 80,141  
                 
                         
                         
PREFERRED STOCKS — 0.3%
       
Banks — 0.2%
  12    
Banco Itau Holding
  $ 185  
                 
       
Telecommunication Services — 0.1%
  3    
Telemar Norte Leste S.A. 
    96  
                 
       
Total preferred stocks
(cost $285)
  $ 281  
                 
                         
                         
WARRANTS — 0.2%
       
Banks — 0.0%
  6    
Washington Mutual, Inc. Private Placement (H)(D)(A)
  $  
                 
       
Energy — 0.1%
  2    
Deutsche — CW17 Oil & Natural Gas Corp. (H)(D)
    40  
     
Reliance Industries (H)(D)
    1  
                 
                      41  
                         
       
Telecommunication Services — 0.1%
  5    
Citigroup Global Certificate — Bharti Televentures (H)(D)
    87  
  1    
JP Morgan International Derivative — Bharti Airtel Ltd. (H)(D)
    22  
                 
                      109  
                         
       
Total warrants
(cost $124)
  $ 150  
                 
                         
                         
EXCHANGE TRADED FUNDS — 0.5%
       
Other Investment Pools and Funds — 0.5%
  9    
iShares MSCI EAFE Index Fund
  $ 401  
                 
       
Total exchange traded funds
(cost $402)
  $ 401  
                 
                         
                         
                         
 
The accompanying notes are an integral part of these financial statements.

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Principal
              Market
 
Amount               Value (W)  
 
CORPORATE BONDS: INVESTMENT GRADE — 0.0%
       
Finance — 0.0%
       
Boston Properties
       
$ 2    
   2.88%, 02/15/2037 (X)
  $ 2  
       
Vornado Realty Trust
       
  7    
   2.85%, 04/01/2027 (X)
    6  
                 
                      8  
                         
       
Total corporate bonds: investment grade
(cost $7)
  $ 8  
                 
                         
                         
CORPORATE BONDS: NON-INVESTMENT GRADE — 0.0%
       
Finance — 0.0%
       
Forest City Enterprises, Inc.
       
$ 6    
   3.63%, 10/15/2011 (X)
  $ 5  
                 
       
Total corporate bonds: non-investment grade
(cost $3)
  $ 5  
                 
       
Total long-term investments
(cost $86,243)
  $ 80,986  
                 
                         
                         
SHORT-TERM INVESTMENTS — 1.6%
       
Repurchase Agreements — 1.6%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $83, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $85)
       
$ 83    
   0.09%, 6/30/2009
  $ 83  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $764, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $779)
       
  764    
   0.05%, 6/30/2009
    764  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $192, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $196)
       
  192    
   0.09%, 6/30/2009
    192  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $288, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $294)
       
  288    
   0.08%, 6/30/2009
    288  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $—, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $—)
       
     
   0.03%, 6/30/2009
     
                 
                      1,327  
                         
       
Total short-term investments
(cost $1,327)
  $ 1,327  
                 
       
Total investments
(cost $87,570) (C)
    99.7 %   $ 82,313  
       
Other assets and liabilities
    0.3 %     246  
                         
       
Total net assets
    100.0 %   $ 82,559  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 48.8% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $90,674 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 6,175  
Unrealized Depreciation
    (14,536 )
         
Net Unrealized Depreciation
  $ (8,361 )
         
 
(A) The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $4, which represents 0.00% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.
 
(D) Currently non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.
 
(I) Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $85, which represents 0.10% of total net assets.
 
§ Securities contain some restrictions as to public resale. These securities comply with Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, and are determined to be liquid. At June 30, 2009, the market value of these securities amounted to $109 or 0.13% of total net assets.
 
(X) Convertible security.
 
(H) The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.
 
                     
Period
  Shares/
       
Acquired
  Par   Security   Cost Basis
09/2005 –     5     Citigroup Global Certificate —        
09/2008           Bharti Televentures Warrants - 144A   $ 64  
07/2008 –     2     Deutsche — CW17 Oil & Natural Gas        
08/2008           Corp. Warrants — 144A     42  
06/2009     34     Golden Agri-Resources — Rights      
03/2009 –     1     JP Morgan International Derivative —        
06/2009           Bharti Airtel Ltd. Warrants — 144A     16  
01/2008 –
07/2008
    15     Peace Mark Holdings Ltd.     16  
06/2008         Reliance Industries Warrants — 144A     2  
01/2009     2     Rio Tinto Ltd. — Rights     16  
08/2008 –
06/2009
    30     Rolls-Royce Group plc     186  
            Washington Mutual, Inc. Private        
04/2008     46     Placement     400  
            Washington Mutual, Inc. Private        
04/2008     6     Placement Warrants      
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford Global Equity HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
 
The aggregate value of these securities at June 30, 2009 was $365 which represents 0.44% of total net assets.
 
Futures Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Number of
      Expiration
  Appreciation/
Description
 
Contracts*
 
Position
 
Month
 
(Depreciation)
 
S&P 500 Mini
    9       Long       Sep 2009     $ (4 )
                                 
 
The number of contracts does not omit 000’s.
 
Cash of $36 was pledged as initial margin deposit for open futures contracts at June 30, 2009.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
      Appreciation/
Description
 
Value (W)
 
Amount
 
Delivery Date
 
(Depreciation)
 
British Pound (Buy)
  $ 66     $ 66       07/01/09     $  
British Pound (Buy)
    94       94       07/02/09        
British Pound (Sell)
    60       60       07/06/09        
Euro (Buy)
    55       55       07/01/09        
Euro (Buy)
    27       27       07/02/09        
Euro (Sell)
    138       138       07/01/09        
Euro (Sell)
    114       114       07/02/09        
Euro (Buy)
    104       104       07/02/09        
Hong Kong Dollar (Buy)
    20       20       07/02/09        
Japanese Yen (Sell)
    6       6       07/01/09        
Japanese Yen (Sell)
    79       80       07/02/09       1  
Norwegian Krone (Sell)
    24       24       07/02/09        
Swiss Franc (Sell)
    25       25       07/06/09        
                                 
                            $ 1  
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
Diversification by Country
as of June 30, 2009
 
         
    Percentage of
Country
  Net Assets
Australia
    0.5 %
 
 
Austria
    0.5  
 
 
Belgium
    0.5  
 
 
Bermuda
    0.1  
 
 
Brazil
    3.3  
 
 
Canada
    5.6  
 
 
China
    2.0  
 
 
Denmark
    0.7  
 
 
France
    3.3  
 
 
Germany
    2.7  
 
 
Greece
    0.1  
 
 
Hong Kong
    1.9  
 
 
India
    0.7  
 
 
Indonesia
    0.1  
 
 
Ireland
    0.5  
 
 
Israel
    1.3  
 
 
Italy
    1.0  
 
 
Japan
    3.5  
 
 
Luxembourg
    0.7  
 
 
Malaysia
    0.1  
 
 
Mauritius
    0.1  
 
 
Netherlands
    0.8  
 
 
Norway
    0.9  
 
 
Panama
    0.1  
 
 
Russia
    1.3  
 
 
Singapore
    0.6  
 
 
South Africa
    0.5  
 
 
South Korea
    0.6  
 
 
Spain
    1.1  
 
 
Sweden
    0.8  
 
 
Switzerland
    3.1  
 
 
Taiwan
    0.5  
 
 
Thailand
    0.5  
 
 
Turkey
    0.3  
 
 
United Kingdom
    8.5  
 
 
United States
    49.3  
 
 
Short-Term Investments
    1.6  
 
 
Other Assets and Liabilities
    0.3  
 
 
Total
    100.0 %
 
 
 
 
The accompanying notes are an integral part of these financial statements.

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FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Common Stocks
  $ 80,141     $ 53,326     $ 26,811     $      4  
Corporate Bonds: Investment Grade
    8             8        
Corporate Bonds: Non-Investment Grade
    5             5        
Exchange Traded Funds
    401       401              
Preferred Stocks
    281       96       185        
Warrants
    150       150              
Short-Term Investments
    1,327             1,327        
                                 
Total
  $ 82,313     $ 53,973     $ 28,336     $ 4  
                                 
Other Financial Instruments (Q)
  $ 1     $     $ 1     $  
                                 
Liabilities:
                               
Other Financial Instruments (Q)
  $ 4     $ 4     $     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                                                 
    Balance as of
          Change in
          Transfers In
       
    December 31,
    Realized Gain
    Unrealized
          and/or Out of
    Balance as of
 
    2008     (Loss)     Appreciation     Net Sales     Level 3     June 30, 2009  
 
Assets:
                                               
Common Stock
  $ 17     $ (4 )   $ 13 *   $ (6 )   $ (16 )   $ 4  
                                                 
Total
  $ 17     $ (4 )   $ 13     $ (6 )   $ (16 )   $ 4  
                                                 
 
* Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $3.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

Hartford Global Growth HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 98.2%
       
Automobiles & Components — 2.1%
  159    
Daimler AG
  $ 5,757  
  916    
Nissan Motor Co., Ltd. 
    5,561  
                 
                      11,318  
                         
       
Banks — 3.6%
  494    
Banco Santander Central Hispano S.A. 
    5,969  
  677    
BOC Hong Kong Holdings Ltd. 
    1,177  
  374    
Itau Unibanco Banco Multiplo S.A. ADR
    5,922  
  343    
Standard Chartered plc
    6,458  
                 
                      19,526  
                         
       
Capital Goods — 12.1%
  89    
Danaher Corp. 
    5,482  
  134    
Deere & Co. 
    5,333  
  174    
Illinois Tool Works, Inc. 
    6,512  
  113    
Lockheed Martin Corp. 
    9,089  
  122    
Parker-Hannifin Corp. 
    5,220  
  63    
Precision Castparts Corp. 
    4,616  
  112    
Siemens AG
    7,736  
  53    
Smc Corp. 
    5,691  
  285    
Sunpower Corp. (D)
    7,598  
  106    
Vestas Wind Systems A/S (D)
    7,595  
                 
                      64,872  
                         
       
Consumer Services — 0.9%
  753    
MGM Mirage, Inc. (D)
    4,814  
                 
       
Diversified Financials — 5.4%
  793    
Bank of America Corp. 
    10,472  
  39    
Goldman Sachs Group, Inc. 
    5,721  
  179    
JP Morgan Chase & Co. 
    6,112  
  165    
Julius Baer Holding Ltd. 
    6,404  
                 
                      28,709  
                         
       
Energy — 9.5%
  395    
BG Group plc
    6,654  
  139    
Canadian Natural Resources Ltd. 
    7,317  
  77    
EOG Resources, Inc. 
    5,230  
  124    
Hess Corp. 
    6,638  
  174    
National Oilwell Varco, Inc. (D)
    5,690  
  168    
Petroleo Brasileiro S.A. ADR
    6,885  
  180    
Schlumberger Ltd. 
    9,745  
  178    
Seadrill Ltd. 
    2,566  
                 
                      50,725  
                         
       
Food & Staples Retailing — 2.7%
  568    
Koninklijke Ahold N.V. 
    6,550  
  161    
Metro AG
    7,678  
                 
                      14,228  
                         
       
Food, Beverage & Tobacco — 4.3%
  334    
British American Tobacco plc
    9,216  
  62    
Carlsberg A/S Class B
    3,987  
  273    
Nestle S.A. 
    10,299  
                 
                      23,502  
                         
       
Health Care Equipment & Services — 4.3%
  120    
Fresenius Medical Care AG & Co. 
    5,397  
  18    
Intuitive Surgical, Inc. (D)
    2,962  
  196    
St. Jude Medical, Inc. (D)
    8,060  
  253    
UnitedHealth Group, Inc. 
    6,322  
                 
                      22,741  
                         
       
Household & Personal Products — 1.6%
  190    
Reckitt Benckiser Group plc
    8,658  
                 
       
Insurance — 2.5%
  41    
Muenchener Rueckversicherungs NPV
    5,530  
  575    
Ping An Insurance (Group) Co. 
    3,856  
  111    
Prudential Financial, Inc. 
    4,139  
                 
                      13,525  
                         
       
Materials — 7.4%
  203    
Barrick Gold Corp. 
    6,810  
  404    
BHP Billiton plc
    9,115  
  72    
Monsanto Co. 
    5,319  
  74    
Praxair, Inc. 
    5,231  
  107    
Shin-Etsu Chemical Co., Ltd. 
    4,981  
  737    
Xstrata plc
    8,012  
                 
                      39,468  
                         
       
Media — 1.9%
  396    
Comcast Corp. Class A
    5,738  
  689    
WPP plc
    4,582  
                 
                      10,320  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 9.9%
  145    
Abbott Laboratories
    6,830  
  106    
Allergan, Inc. 
    5,034  
  153    
Amgen, Inc. (D)
    8,084  
  209    
CSL Ltd. 
    5,410  
  289    
Daiichi Sankyo Co., Ltd. 
    5,153  
  132    
Gilead Sciences, Inc. (D)
    6,178  
  53    
Roche Holding AG
    7,201  
  184    
Teva Pharmaceutical Industries Ltd. ADR
    9,064  
                 
                      52,954  
                         
       
Retailing — 5.4%
  157    
Best Buy Co., Inc. 
    5,254  
  348    
Gap, Inc. 
    5,702  
  86    
Industria de Diseno Textil S.A. 
    4,133  
  90    
Kohl’s Corp. (D)
    3,860  
  1,516    
Li & Fung Ltd. 
    4,048  
  298    
Lowe’s Co., Inc. 
    5,792  
                 
                      28,789  
                         
       
Semiconductors & Semiconductor Equipment — 2.6%
  298    
Altera Corp. 
    4,856  
  377    
NVIDIA Corp. (D)
    4,251  
  533    
Taiwan Semiconductor Manufacturing Co., Ltd. ADR
    5,013  
                 
                      14,120  
                         
       
Software & Services — 6.8%
  19    
Google, Inc. (D)
    8,065  
  686    
Oracle Corp. 
    14,688  
  105    
Visa, Inc. 
    6,531  
  457    
Western Union Co. 
    7,493  
                 
                      36,777  
                         
       
Technology Hardware & Equipment — 8.9%
  59    
Apple, Inc. (D)
    8,446  
  729    
Cisco Systems, Inc. (D)
    13,583  
  157    
Hewlett-Packard Co. 
    6,072  
  286    
NetApp, Inc. (D)
    5,638  
  181    
Qualcomm, Inc. 
    8,177  
  78    
Research In Motion Ltd. (D)
    5,520  
                 
                      47,436  
                         
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  98  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
       
Telecommunication Services — 6.3%
  227    
American Tower Corp. Class A (D)
  $ 7,152  
  818    
MetroPCS Communications, Inc. (D)
    10,886  
  344    
Softbank Corp. 
    6,708  
  390    
Telefonica S.A. 
    8,854  
                 
                      33,600  
                         
       
Total common stocks
(cost $537,131)
  $ 526,082  
                 
       
Total long-term investments
(cost $537,131)
  $ 526,082  
                 
                         
                         
Principal
                 
Amount                  
 
 
SHORT-TERM INVESTMENTS — 1.7%
       
Repurchase Agreements — 1.7%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $553, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $564)
       
$ 553    
   0.09%, 6/30/2009
  $ 553  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $5,093, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $5,195)
       
  5,093    
   0.05%, 6/30/2009
    5,093  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,281, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $1,306)
       
  1,281    
   0.09%, 6/30/2009
    1,281  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,919, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,957)
       
  1,919    
   0.08%, 6/30/2009
    1,918  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $2)
       
  2    
   0.03%, 6/30/2009
    2  
                 
                      8,847  
                         
       
Total short-term investments
(cost $8,847)
  $ 8,847  
                 
       
Total investments
(cost $545,978) (C)
    99.9 %   $ 534,929  
       
Other assets and liabilities
    0.1 %     466  
                         
       
Total net assets
    100.0 %   $ 535,395  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 44.2% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $552,486 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 41,174  
Unrealized Depreciation
    (58,731 )
         
Net Unrealized Depreciation
  $ (17,557 )
         
 
(D) Currently non-income producing.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
Australian Dollar (Sell)
  $ 712     $ 713       07/01/09     $ 1  
British Pound (Buy)
    2,675       2,684       07/01/09       (9 )
British Pound (Buy)
    1,975       1,984       07/02/09       (9 )
Canadian Dollar (Sell)
    196       198       07/02/09       2  
Canadian Dollar (Sell)
    662       666       07/06/09       4  
Euro (Sell)
    1,763       1,767       07/01/09       4  
Euro (Sell)
    2,835       2,846       07/02/09       11  
Hong Kong Dollar (Buy)
    1,198       1,198       07/02/09        
                                 
                            $ 4  
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
Diversification by Country
as of June 30, 2009
 
         
    Percentage of
Country
  Net Assets
Australia
    1.0 %
 
 
Brazil
    2.4  
 
 
Canada
    3.6  
 
 
China
    0.7  
 
 
Denmark
    2.1  
 
 
Germany
    6.0  
 
 
Hong Kong
    1.0  
 
 
Israel
    1.7  
 
 
Japan
    5.3  
 
 
Netherlands
    1.2  
 
 
Norway
    0.5  
 
 
Spain
    3.6  
 
 
Switzerland
    4.4  
 
 
Taiwan
    0.9  
 
 
United Kingdom
    9.8  
 
 
United States
    54.0  
 
 
Short-Term Investments
    1.7  
 
 
Other Assets and Liabilities
    0.1  
 
 
Total
    100.0 %
 
 
 
 
The accompanying notes are an integral part of these financial statements.

­ ­  99  ­ ­


Table of Contents

 
Hartford Global Growth HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Common Stocks
  $ 526,082     $ 335,146     $ 190,936     $      —  
Short-Term Investments
    8,847             8,847        
                                 
Total
  $ 534,929     $ 335,146     $ 199,783     $  
                                 
Other Financial Instruments (Q)
  $ 22     $     $ 22     $  
                                 
Liabilities:
                               
Other Financial Instruments (Q)
  $ 18     $     $ 18     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

­ ­  100  ­ ­


Table of Contents

Hartford Global Health HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares
                 Value (W)  
COMMON STOCKS — 98.6%
       
Biotechnology — 20.1%
$ 121    
3SBio, Inc. ADR (D)
  $ 1,000  
  201    
Amgen, Inc. (D)
    10,636  
  186    
Amylin Pharmaceuticals, Inc. (D)
    2,512  
  364    
Celera Corp. (D)
    2,774  
  40    
Cephalon, Inc. (D)
    2,266  
  19    
Cougar Biotechnology, Inc. (D)
    821  
  454    
Cytokinetics, Inc. (D)
    1,283  
  70    
Genzyme Corp. (D)
    3,886  
  60    
Gilead Sciences, Inc. (D)
    2,815  
  536    
Incyte Corp. (D)
    1,763  
  431    
Ligand Pharmaceuticals Class B (D)
    1,231  
  32    
OSI Pharmaceuticals, Inc. (D)
    895  
  244    
Progenics Pharmaceuticals, Inc. (D)
    1,257  
  87    
Regeneron Pharmaceuticals, Inc. (D)
    1,559  
  171    
Seattle Genetics, Inc. (D)
    1,660  
  86    
Vertex Pharmaceuticals, Inc. (D)
    3,065  
                 
                      39,423  
                         
       
Drug Retail — 1.8%
  124    
Walgreen Co.
    3,632  
                 
       
Health Care Distributors — 4.9%
  153    
Amerisource Bergen Corp.
    2,707  
  122    
Cardinal Health, Inc.
    3,730  
  73    
McKesson Corp.
    3,217  
                 
                      9,654  
                         
       
Health Care Equipment — 24.9%
  101    
Baxter International, Inc. 
    5,349  
  68    
Beckman Coulter, Inc.
    3,908  
  40    
Becton, Dickinson & Co.
    2,881  
  122    
China Medical Technologies, Inc. ADR
    2,421  
  194    
Covidien plc
    7,248  
  62    
DiaSorin S.p.A.
    1,545  
  118    
Hospira, Inc. (D)
    4,545  
  272    
Medtronic, Inc.
    9,473  
  91    
St. Jude Medical, Inc. (D)
    3,732  
  140    
Symmetry Medical, Inc. (D)
    1,300  
  21    
Synthes, Inc.
    2,066  
  322    
Volcano Corp. (D)
    4,500  
                 
                      48,968  
                         
       
Health Care Facilities — 0.5%
  19    
Community Health Systems, Inc. (D)
    472  
  99    
Health Management Associates, Inc. Class A (D)
    487  
                 
                      959  
                         
       
Health Care Services — 1.0%
  43    
Fresenius Medical Care AG ADR
    1,912  
                 
       
Health Care Supplies — 0.8%
  41    
Inverness Medical Innovation, Inc. (D)
    1,466  
                 
       
Health Care Technology — 0.2%
  27    
Eclipsys Corp. (D)
    478  
                 
       
Life Sciences Tools & Services — 0.5%
  62    
PAREXEL International Corp. (D)
    886  
                 
       
Managed Health Care — 7.4%
  109    
Coventry Health Care, Inc. (D)
    2,034  
  69    
Health Net, Inc. (D)
    1,077  
  33    
Humana, Inc. (D)
    1,055  
  255    
UnitedHealth Group, Inc.
    6,365  
  78    
Wellpoint, Inc. (D)
    3,949  
                 
                      14,480  
                         
       
Pharmaceuticals — 36.5%
  57    
AstraZeneca plc ADR
    2,503  
  231    
Daiichi Sankyo Co., Ltd.
    4,129  
  107    
Eisai Co., Ltd.
    3,803  
  429    
Elan Corp. plc ADR (D)
    2,732  
  63    
Eli Lilly & Co.
    2,175  
  186    
Forest Laboratories, Inc. (D)
    4,668  
  16    
Ipsen
    718  
  114    
King Pharmaceuticals, Inc. (D)
    1,100  
  1    
Laboratorios Almiral S.A.
    16  
  200    
Medicines Co. (D)
    1,677  
  318    
Merck & Co., Inc.
    8,897  
  921    
Pfizer, Inc.
    13,817  
  14    
Roche Holding AG
    1,891  
  56    
Sanofi-Aventis S.A. ADR
    1,646  
  234    
Schering-Plough Corp.
    5,876  
  296    
Shionogi & Co., Ltd.
    5,719  
  140    
Teva Pharmaceutical Industries Ltd. ADR
    6,927  
  71    
UCB S.A.
    2,268  
  33    
Watson Pharmaceuticals, Inc. (D)
    1,098  
                 
                      71,660  
                         
       
Total common stocks
(cost $221,435)
  $ 193,518  
                 
                         
                         
WARRANTS — 0.0%
       
Biotechnology — 0.0%
  48    
Cytokinetics, Inc. (H)(D)
  $ 4  
                 
       
Total warrants
(cost $—)
  $ 4  
                 
       
Total long-term investments
(cost $221,435)
  $ 193,522  
                 
                         
                         
Principal
                 
Amount
                 
SHORT-TERM INVESTMENTS — 1.0%
       
Repurchase Agreements — 1.0%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $127, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $130)
       
$ 127    
   0.09%, 6/30/2009
  $ 127  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,172, collateralized by FHLMC 4.50% – 6.50%, 2024 – 2039, FNMA 4.00% – 6.50%, 2022 – 2047, GNMA 5.00% – 6.00%, 2034 – 2039, value of $1,195)
       
  1,172    
   0.05%, 6/30/2009
    1,172  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $295, collateralized by FHLMC 5.00% – 7.00%, 2037 – 2038, FNMA 4.50% – 7.50%, 2029 – 2048, value of $300)
       
  295    
   0.09%, 6/30/2009
    295  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
 
 
                         
Principal
              Market
 
Amount
                 Value (W)  
                         
SHORT-TERM INVESTMENTS — (continued)
                         
       
Repurchase Agreements — (continued)
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $441, collateralized by FNMA 4.50% – 8.00%, 2011 – 2039, value of $450)
       
$ 441    
   0.08%, 6/30/2009
  $ 441  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $—, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $—)
       
     
   0.03%, 6/30/2009
     
                 
                      2,035  
                         
       
Total short-term investments
(cost $2,035)
  $ 2,035  
                 
       
Total investments
(cost $223,470) (C)
    99.6 %   $ 195,557  
       
Other assets and liabilities
    0.4 %     753  
                         
       
Total net assets
    100.0 %   $ 196,310  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 19.8% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $225,835 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 10,784  
Unrealized Depreciation
    (41,062 )
         
Net Unrealized Depreciation
  $ (30,278 )
         
 
(D) Currently non-income producing.
 
(H) The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.
 
                     
Period
           
Acquired
  Shares/Par   Security   Cost Basis
05/2009     48     Cytokinetics, Inc. Warrants   $  
 
The aggregate value of these securities at June 30, 2009 was $4 which represents 0.00% of total net assets.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
Euro (Sell)
  $ 105     $ 105       07/01/09     $  
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
Diversification by Country
as of June 30, 2009
 
         
    Percentage of
Country
  Net Assets
Belgium
    1.2 %
 
 
China
    0.5  
 
 
France
    1.2  
 
 
Germany
    1.0  
 
 
Ireland
    1.4  
 
 
Israel
    3.5  
 
 
Italy
    0.8  
 
 
Japan
    6.9  
 
 
Spain
    0.0  
 
 
Switzerland
    2.0  
 
 
United Kingdom
    1.3  
 
 
United States
    78.8  
 
 
Short-Term Investments
    1.0  
 
 
Other Assets and Liabilities
    0.4  
 
 
Total
    100.0 %
 
 
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total   Level 1   Level 2   Level 3
 
Assets:
                               
Common Stocks
  $ 193,518     $ 171,363     $ 22,155     $      —  
Warrants
    4             4        
Short-Term Investments
    2,035             2,035        
                                 
Total
  $ 195,557     $ 171,363     $ 24,194     $  
                                 
Other Financial Instruments (Q)
  $     $     $     $  
                                 
 
 (Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

­ ­  102  ­ ­


Table of Contents

Hartford Growth HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 98.4%
       
Automobiles & Components — 0.2%
  33    
Johnson Controls, Inc. 
  $ 727  
                 
       
Banks — 2.8%
  120    
Itau Unibanco Banco Multiplo S.A. ADR
    1,907  
  134    
SunTrust Banks, Inc. 
    2,200  
  162    
Wells Fargo & Co. 
    3,923  
                 
                      8,030  
                         
       
Capital Goods — 14.0%
  170    
ABB Ltd. ADR
    2,676  
  41    
Caterpillar, Inc. 
    1,352  
  62    
Cummins, Inc. 
    2,166  
  38    
Deere & Co. 
    1,518  
  26    
Eaton Corp. 
    1,175  
  38    
Emerson Electric Co. 
    1,217  
  44    
Fluor Corp. 
    2,252  
  75    
General Dynamics Corp. 
    4,161  
  82    
Honeywell International, Inc. 
    2,562  
  103    
Illinois Tool Works, Inc. 
    3,840  
  41    
Lockheed Martin Corp. 
    3,280  
  65    
Precision Castparts Corp. 
    4,751  
  87    
Raytheon Co. 
    3,863  
  39    
Siemens AG ADR
    2,687  
  41    
Vestas Wind Systems A/S (D)
    2,923  
                 
                      40,423  
                         
       
Consumer Durables & Apparel — 2.2%
  158    
Coach, Inc. 
    4,237  
  44    
NIKE, Inc. Class B
    2,256  
                 
                      6,493  
                         
       
Consumer Services — 3.5%
  111    
Apollo Group, Inc. Class A (D)
    7,894  
  23    
ITT Educational Services, Inc. (D)
    2,266  
                 
                      10,160  
                         
       
Diversified Financials — 3.5%
  336    
Bank of America Corp. 
    4,441  
  20    
Goldman Sachs Group, Inc. 
    2,900  
  104    
Moody’s Corp. 
    2,736  
                 
                      10,077  
                         
       
Energy — 11.1%
  56    
Consol Energy, Inc. 
    1,885  
  172    
Halliburton Co. 
    3,556  
  77    
Hess Corp. 
    4,145  
  118    
National Oilwell Varco, Inc. (D)
    3,858  
  86    
Occidental Petroleum Corp. 
    5,661  
  52    
Petroleo Brasileiro S.A. ADR
    2,110  
  135    
Schlumberger Ltd. 
    7,331  
  47    
Transocean, Inc. (D)
    3,479  
                 
                      32,025  
                         
       
Food & Staples Retailing — 0.2%
  44    
Supervalu, Inc. 
    571  
                 
       
Health Care Equipment & Services — 3.7%
  82    
Covidien plc
    3,055  
  133    
St. Jude Medical, Inc. (D)
    5,460  
  97    
UnitedHealth Group, Inc. 
    2,433  
                 
                      10,948  
                         
       
Insurance — 2.4%
  70    
AON Corp. 
    2,656  
  211    
Marsh & McLennan Cos., Inc. 
    4,256  
                 
                      6,912  
                         
       
Materials — 2.2%
  52    
BHP Billiton Ltd. ADR
    2,846  
  20    
Mosaic Co. 
    889  
  68    
Newmont Mining Corp. 
    2,789  
                 
                      6,524  
                         
       
Media — 1.7%
  77    
DirecTV Group, Inc. (D)
    1,901  
  129    
Viacom, Inc. Class B (D)
    2,938  
                 
                      4,839  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 2.4%
  37    
Abbott Laboratories
    1,718  
  108    
Teva Pharmaceutical Industries Ltd. ADR
    5,353  
                 
                      7,071  
                         
       
Retailing — 7.4%
  118    
Best Buy Co., Inc. 
    3,965  
  136    
Lowe’s Co., Inc. 
    2,637  
  261    
Staples, Inc. 
    5,261  
  100    
Target Corp. 
    3,944  
  170    
TJX Cos., Inc. 
    5,355  
                 
                      21,162  
                         
       
Semiconductors & Semiconductor Equipment — 4.5%
  210    
Altera Corp. 
    3,421  
  139    
Analog Devices, Inc. 
    3,442  
  224    
Texas Instruments, Inc. 
    4,774  
  67    
Xilinx, Inc. 
    1,372  
                 
                      13,009  
                         
       
Software & Services — 19.7%
  159    
Accenture Ltd. Class A
    5,310  
  135    
BMC Software, Inc. (D)
    4,551  
  10    
Google, Inc. (D)
    4,355  
  20    
Mastercard, Inc. 
    3,355  
  95    
McAfee, Inc. (D)
    3,991  
  438    
Microsoft Corp. 
    10,415  
  10    
Nintendo Co., Ltd. 
    2,845  
  531    
Oracle Corp. 
    11,370  
  152    
VeriSign, Inc. (D)
    2,806  
  67    
Visa, Inc. 
    4,152  
  219    
Western Union Co. 
    3,592  
                 
                      56,742  
                         
       
Technology Hardware & Equipment — 16.8%
  57    
Apple, Inc. (D)
    8,129  
  455    
Cisco Systems, Inc. (D)
    8,484  
  246    
Hewlett-Packard Co. 
    9,501  
  29    
IBM Corp. 
    3,009  
  137    
Juniper Networks, Inc. (D)
    3,245  
  309    
NetApp, Inc. (D)
    6,102  
  155    
Qualcomm, Inc. 
    7,013  
  43    
Research In Motion Ltd. (D)
    3,041  
                 
                      48,524  
                         
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  103  ­ ­


Table of Contents

 
Hartford Growth HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
       
Telecommunication Services — 0.1%
  22    
MetroPCS Communications, Inc. (D)
  $ 288  
                 
       
Total common stocks
(cost $294,902)
  $ 284,525  
                 
       
Total long-term investments
(cost $294,902)
  $ 284,525  
                 
                         
                         
Principal
                 
Amount                  
 
 
SHORT-TERM INVESTMENTS — 1.5%
       
Repurchase Agreements — 1.5%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $267, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $273)
       
$ 267    
   0.09%, 6/30/2009
  $ 267  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,461, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $2,510)
       
  2,461    
   0.05%, 6/30/2009
    2,461  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $619, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $631)
       
  619    
   0.09%, 6/30/2009
    619  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $927, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $946)
       
  927    
   0.08%, 6/30/2009
    927  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1)
       
  1    
   0.03%, 6/30/2009
    1  
                 
                      4,275  
                         
       
Total short-term investments
(cost $4,275)
  $ 4,275  
                 
       
Total investments
(cost $299,177) (C)
    99.9 %   $ 288,800  
       
Other assets and liabilities
    0.1 %     153  
                         
       
Total net assets
    100.0 %   $ 288,953  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 9.2% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $305,926 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 20,961  
Unrealized Depreciation
    (38,087 )
         
Net Unrealized Depreciation
  $ (17,126 )
         
 
(D) Currently non-income producing.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
Danish Krone (Sell)
  $ 17     $ 17       07/01/09     $  
Japanese Yen (Sell)
    27       27       07/01/09        
                                 
                            $  
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
Assets:
                               
Common Stocks
  $ 284,525     $ 278,757     $ 5,768     $      —  
Short-Term Investments
    4,275             4,275        
                                 
Total
  $ 288,800     $ 278,757     $ 10,043     $  
                                 
Other Financial Instruments (Q)
  $     $     $     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

­ ­  104  ­ ­


Table of Contents

Hartford Growth Opportunities HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 91.9%
       
Automobiles & Components — 1.1%
  1,611    
Ford Motor Co. (D)
  $ 9,781  
                 
       
Banks — 2.6%
  661    
Itau Unibanco Banco Multiplo S.A. ADR
    10,460  
  534    
Wells Fargo & Co. 
    12,948  
                 
                      23,408  
                         
       
Capital Goods — 8.2%
  364    
Aecom Technology Corp. (D)
    11,661  
  45    
First Solar, Inc. (D)
    7,231  
  327    
Illinois Tool Works, Inc. 
    12,214  
  1,004    
Masco Corp. 
    9,619  
  329    
Pall Corp. 
    8,738  
  157    
Parker-Hannifin Corp. 
    6,732  
  327    
Tyco International Ltd. 
    8,501  
  106    
Vestas Wind Systems A/S (D)
    7,614  
                 
                      72,310  
                         
       
Commercial & Professional Services — 0.8%
  253    
Tetra Tech, Inc. (D)
    7,251  
                 
       
Consumer Durables & Apparel — 1.4%
  670    
Jarden Corp. (D)
    12,555  
                 
       
Consumer Services — 1.6%
  196    
Apollo Group, Inc. Class A (D)
    13,954  
                 
       
Diversified Financials — 4.4%
  965    
Bank of America Corp. 
    12,743  
  87    
Deutsche Boerse AG
    6,767  
  63    
Goldman Sachs Group, Inc. 
    9,259  
  487    
Nasdaq OMX Group, Inc. (D)
    10,387  
                 
                      39,156  
                         
       
Energy — 6.5%
  97    
Canadian Natural Resources Ltd. ADR
    5,097  
  134    
EnCana Corp. ADR
    6,604  
  114    
EOG Resources, Inc. 
    7,709  
  224    
Forest Oil Corp. (D)
    3,344  
  157    
Hess Corp. 
    8,423  
  141    
Occidental Petroleum Corp. 
    9,299  
  105    
Smith International, Inc. 
    2,696  
  333    
Suncor Energy, Inc. ADR
    10,112  
  124    
Ultra Petroleum Corp. (D)
    4,820  
                 
                      58,104  
                         
       
Food, Beverage & Tobacco — 3.8%
  621    
Coca-Cola Enterprises, Inc. 
    10,345  
  425    
Dr Pepper Snapple Group (D)
    9,010  
  142    
Fomento Economico Mexicano S.A.B. De C.V. ADR
    4,591  
  223    
Philip Morris International, Inc. 
    9,736  
                 
                      33,682  
                         
       
Health Care Equipment & Services — 5.6%
  293    
Covidien plc
    10,951  
  58    
Edwards Lifesciences Corp. (D)
    3,932  
  51    
Intuitive Surgical, Inc. (D)
    8,412  
  218    
Medtronic, Inc. 
    7,617  
  254    
St. Jude Medical, Inc. (D)
    10,456  
  334    
UnitedHealth Group, Inc. 
    8,353  
                 
                      49,721  
                         
       
Insurance — 1.9%
  125    
ACE Ltd. 
    5,546  
  136    
Aflac, Inc. 
    4,235  
  332    
Marsh & McLennan Cos., Inc. 
    6,677  
                 
                      16,458  
                         
       
Materials — 2.3%
  70    
Agnico Eagle Mines Ltd. 
    3,689  
  112    
Goldcorp, Inc. 
    3,906  
  90    
Newmont Mining Corp. 
    3,658  
  516    
Vale S.A. — SP ADR
    9,102  
                 
                      20,355  
                         
       
Media — 1.1%
  345    
DreamWorks Animation SKG, Inc. (D)
    9,530  
                 
       
Pharmaceuticals, Biotechnology & Life Sciences — 10.2%
  325    
Alkermes, Inc. (D)
    3,513  
  201    
Amgen, Inc. (D)
    10,652  
  397    
Amylin Pharmaceuticals, Inc. (D)
    5,355  
  292    
Auxilium Pharmaceuticals, Inc. (D)
    9,169  
  175    
Cephalon, Inc. (D)
    9,931  
  608    
Daiichi Sankyo Co., Ltd. 
    10,851  
  311    
Elan Corp. plc ADR (D)
    1,980  
  889    
Pfizer, Inc. 
    13,338  
  479    
Shionogi & Co., Ltd. 
    9,261  
  331    
Teva Pharmaceutical Industries Ltd. ADR
    16,331  
                 
                      90,381  
                         
       
Retailing — 9.2%
  302    
Advance Automotive Parts, Inc. 
    12,517  
  109    
Amazon.com, Inc. (D)
    9,136  
  466    
Best Buy Co., Inc. 
    15,600  
  123    
Dufry Group
    4,706  
  846    
Gap, Inc. 
    13,879  
  271    
Kohl’s Corp. (D)
    11,594  
  698    
Staples, Inc. 
    14,071  
                 
                      81,503  
                         
       
Semiconductors & Semiconductor Equipment — 3.9%
  752    
Marvell Technology Group Ltd. (D)
    8,747  
  805    
Maxim Integrated Products, Inc. 
    12,634  
  617    
Texas Instruments, Inc. 
    13,151  
                 
                      34,532  
                         
       
Software & Services — 13.4%
  298    
Accenture Ltd. Class A
    9,955  
  445    
Adobe Systems, Inc. (D)
    12,596  
  399    
BMC Software, Inc. (D)
    13,469  
  14    
Google, Inc. (D)
    5,944  
  330    
McAfee, Inc. (D)
    13,931  
  631    
Microsoft Corp. 
    14,989  
  747    
Oracle Corp. 
    16,001  
  676    
Red Hat, Inc. (D)
    13,616  
  135    
Visa, Inc. 
    8,430  
  604    
Western Union Co. 
    9,905  
                 
                      118,836  
                         
       
Technology Hardware & Equipment — 11.7%
  155    
Apple, Inc. (D)
    22,034  
  718    
Cisco Systems, Inc. (D)
    13,380  
  253    
Hewlett-Packard Co. 
    9,794  
  248    
Hughes Telematics Inc. (D)
    1,428  
  409    
Juniper Networks, Inc. (D)
    9,643  
  1,447    
Motorola, Inc. 
    9,593  
  310    
Qualcomm, Inc. 
    13,989  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford Growth Opportunities HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Technology Hardware & Equipment — (continued)
  1,325    
Seagate Technology
  $ 13,860  
  378    
Western Digital Corp. (D)
    10,020  
                 
                      103,741  
                         
       
Telecommunication Services — 1.2%
  136    
MetroPCS Communications, Inc. (D)
    1,816  
  604    
MTN Group Ltd. 
    9,281  
                 
                      11,097  
                         
       
Transportation — 1.0%
  153    
FedEx Corp. 
    8,515  
                 
       
Total common stocks
(cost $819,330)
  $ 814,870  
                 
                         
                         
PREFERRED STOCKS — 0.4%
       
Technology Hardware & Equipment — 0.4%
  700    
Hughes Telematics (H)(D)(A)
  $ 3,622  
                 
       
Total preferred stocks
(cost $7,000)
  $ 3,622  
                 
                         
                         
EXCHANGE TRADED FUNDS — 0.7%
       
Other Investment Pools and Funds — 0.7%
  68    
S & P 500 Depositary Receipt
  $ 6,251  
                 
       
Total exchange traded funds
(cost $6,037)
  $ 6,251  
                 
       
Total long-term investments
(cost $832,367)
  $ 824,743  
                 
                         
                         
Principal
                 
Amount                  
 
 
SHORT-TERM INVESTMENTS — 2.6%
       
Repurchase Agreements — 2.6%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,422, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $1,450)
       
$ 1,422    
   0.09%, 6/30/2009
  $ 1,422  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $13,092, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $13,354)
       
  13,092    
   0.05%, 6/30/2009
    13,092  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,292, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $3,358)
       
  3,292    
   0.09%, 6/30/2009
    3,292  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4,932, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $5,030)
       
  4,932    
   0.08%, 6/30/2009
    4,932  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $4)
       
  4    
   0.03%, 6/30/2009
    4  
                 
                      22,742  
                         
       
Total short-term investments
(cost $22,742)
  $ 22,742  
                 
       
Total investments
(cost $855,109) (C)
    95.6 %   $ 847,485  
       
Other assets and liabilities
    4.4 %     38,803  
                         
       
Total net assets
    100.0 %   $ 886,288  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 13.5% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $874,115 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 70,807  
Unrealized Depreciation
    (97,437 )
         
Net Unrealized Depreciation
  $ (26,630 )
         
 
(A) The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $3,622, which represents 0.41% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.
 
(D) Currently non-income producing.
 
(H) The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.
 
                     
Period
  Shares/
       
Acquired
  Par   Security   Cost Basis
03/2009     700     Hughes Telematics — Reg D   $ 7,000  
 
The aggregate value of these securities at June 30, 2009 was $3,622 which represents 0.41% of total net assets.
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total   Level 1   Level 2   Level 3
 
Assets:
                               
Common Stocks
  $ 814,870     $ 766,390     $ 48,480     $  
Exchange Traded Funds
    6,251       6,251              
Preferred Stocks
    3,622                   3,622  
Short-Term Investments
    22,742             22,742        
                                 
Total
  $ 847,485     $ 772,641     $ 71,222     $   3,622  
                                 
 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                                 
    Balance as of
    Change in
          Balance as of
 
    December 31,
    Unrealized
          June 30,
 
    2008     Depreciation     Net Purchases     2009  
Assets:
                               
Common Stock
  $      —     $ (3,378 )*   $ 7,000     $ 3,622  
                                 
Total
  $     $ (3,378 )   $ 7,000     $ 3,622  
                                 
 
* Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(3,378).
 
The accompanying notes are an integral part of these financial statements.

­ ­  107  ­ ­


Table of Contents

Hartford High Yield HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount (B)               Value (W)  
 
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 0.3%
       
Finance — 0.3%
       
CBA Commercial Small Balance Commercial Mortgage
       
$ 19,878    
   3.00%, 01/25/2039 (H)►
  $ 1,590  
       
Soundview NIM Trust
       
  2,490    
   8.25%, 12/25/2036 (H)(D)
     
                 
                      1,590  
                         
       
Total asset & commercial
mortgage backed securities
(cost $4,182)
  $ 1,590  
                 
                         
                         
CORPORATE BONDS: INVESTMENT GRADE — 7.6%
       
Basic Materials — 0.4%
       
Westvaco Corp.
       
$ 2,475    
   8.20%, 01/15/2030
  $ 2,187  
                 
       
Consumer Cyclical — 1.5%
       
Masco Corp.
       
  3,145    
   7.75%, 08/01/2029
    2,324  
       
Mohawk Industries, Inc.
       
  785    
   6.63%, 01/15/2016
    698  
       
Phillips Van-Heusen Corp.
       
  3,230    
   7.75%, 11/15/2023 #
    2,495  
       
Pulte Homes, Inc.
       
  2,900    
   7.88%, 06/15/2032
    2,146  
       
Toll Brothers Finance Corp.
       
  1,645    
   6.88%, 11/15/2012
    1,585  
                 
                      9,248  
                         
       
Finance — 3.4%
       
American Real Estate Partners L.P.
       
  4,870    
   7.13%, 02/15/2013
    4,395  
       
Asset Repackaging Trust
       
EUR 3,315    
   9.00%, 12/21/2011 (L)
    4,464  
       
Citigroup, Inc.
       
  5,000    
   8.30%, 12/21/2057 (L)
    3,899  
       
Goldman Sachs Capital Trust II
       
  6,800    
   5.79%, 06/01/2012 #ª(L)
    4,144  
       
Janus Capital Group, Inc.
       
  2,600    
   6.95%, 06/15/2017
    2,271  
                 
                      19,173  
                         
       
Technology — 1.5%
       
Qwest Corp.
       
  9,660    
   7.25%, 10/15/2035
    7,003  
       
Rogers Communications, Inc.
       
  1,830    
   8.00%, 12/15/2012
    1,885  
                 
                      8,888  
                         
       
Transportation — 0.4%
       
American Airlines, Inc.
       
  2,400    
   7.86%, 10/01/2011
    2,250  
                 
       
Utilities — 0.4%
       
NiSource Finance Corp.
       
  2,150    
   7.88%, 11/15/2010
    2,221  
                 
       
Total corporate bonds: investment grade
(cost $42,811)
  $ 43,967  
                 
                         
                         
CORPORATE BONDS: NON-INVESTMENT GRADE — 81.7%
       
Basic Materials — 7.2%
       
Ashland, Inc.
       
$ 2,750    
   9.13%, 06/01/2017 (I)
  $ 2,860  
       
Cenveo, Inc.
       
  2,270    
   10.50%, 08/15/2016 (I)
    1,702  
       
Crown Americas, Inc.
       
  2,950    
   7.63%, 05/15/2017 (I)
    2,847  
       
Domtar Corp.
       
  2,350    
   10.75%, 06/01/2017
    2,256  
       
Georgia-Pacific LLC
       
  3,450    
   7.00%, 01/15/2015 (I)
    3,226  
  2,180    
   8.25%, 05/01/2016 (I)
    2,115  
  1,400    
   9.50%, 12/01/2011
    1,442  
       
Goodyear Tire & Rubber Co.
       
  3,900    
   5.01%, 12/01/2009 (L)
    3,861  
       
Huntsman International LLC
       
  2,975    
   7.38%, 01/01/2015
    2,335  
       
James River Coal Co.
       
  2,900    
   9.38%, 06/01/2012
    2,567  
       
Nalco Co.
       
  536    
   7.75%, 11/15/2011
    536  
       
Novelis, Inc.
       
  1,675    
   7.25%, 02/15/2015
    1,273  
       
Owens-Brockway Glass Container, Inc.
       
  2,260    
   8.25%, 05/15/2013
    2,271  
       
Peabody Energy Corp.
       
  2,475    
   6.88%, 03/15/2013
    2,450  
       
Potlatch Corp.
       
  1,350    
   12.50%, 12/01/2009 (H)(L)
    1,386  
       
Solo Cup Co.
       
  1,700    
   8.50%, 02/15/2014
    1,394  
       
Steel Dynamics, Inc.
       
  2,700    
   8.25%, 04/15/2016 (I)
    2,545  
       
Teck Resources Ltd.
       
  3,700    
   10.75%, 05/15/2019 (I)
    3,977  
                 
                      41,043  
                         
       
Capital Goods — 1.0%
       
L-3 Communications Corp.
       
  3,870    
   6.13%, 01/15/2014
    3,599  
       
Transdigm, Inc.
       
  2,450    
   7.75%, 07/15/2014
    2,328  
                 
                      5,927  
                         
       
Consumer Cyclical — 9.2%
       
Alliance One International, Inc.
       
  2,315    
   8.50%, 05/15/2012
    2,286  
       
Amerigas Partners L.P.
       
  1,730    
   7.25%, 05/20/2015 #
    1,622  
       
ArvinMeritor, Inc.
       
  5,595    
   8.13%, 09/15/2015
    2,937  
       
D.R. Horton, Inc.
       
  4,150    
   6.13%, 01/15/2014
    3,714  
       
Dollar General Corp.
       
  2,025    
   11.88%, 07/15/2017
    2,187  
       
Dollarama Group L.P.
       
  2,280    
   8.88%, 08/15/2012
    2,206  
       
ESCO Corp.
       
  3,960    
   8.63%, 12/15/2013 (I)
    3,426  
       
Interface, Inc.
       
  2,400    
   11.38%, 11/01/2013 (I)
    2,484  
       
J.C. Penney Co., Inc.
       
  3,375    
   7.63%, 03/01/2097
    2,261  
       
K Hovnanian Enterprises
       
  2,600    
   11.50%, 05/01/2013
    2,249  
       
Macys, Inc.
       
  7,235    
   6.90%, 04/01/2029
    5,077  
 
The accompanying notes are an integral part of these financial statements.

­ ­  108  ­ ­


Table of Contents

 

 


 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
CORPORATE BONDS: NON-INVESTMENT GRADE — (continued)
                         
       
Consumer Cyclical — (continued)
       
New Albertson’s, Inc.
       
$ 4,950    
   8.00%, 05/01/2031
  $ 4,244  
       
Pulte Homes, Inc.
       
  4,315    
   7.88%, 08/01/2011
    4,326  
       
Quiksilver, Inc.
       
  4,025    
   6.88%, 04/15/2015
    2,133  
       
SGS International, Inc.
       
  3,440    
   12.00%, 12/15/2013
    2,253  
       
Stater Brothers Holdings, Inc.
       
  2,285    
   8.13%, 06/15/2012
    2,251  
       
Tenneco Automotive, Inc.
       
  2,168    
   10.25%, 07/15/2013
    2,054  
       
Toys R Us, Inc.
       
  1,850    
   7.88%, 04/15/2013
    1,545  
       
United Components, Inc.
       
  5,300    
   9.38%, 06/15/2013
    3,366  
                 
                      52,621  
                         
       
Consumer Staples — 2.5%
       
Appleton Papers, Inc.
       
  3,267    
   8.13%, 06/15/2011
    2,124  
       
Constellation Brands, Inc.
       
  2,235    
   8.38%, 12/15/2014
    2,241  
       
Dole Food Co., Inc.
       
  2,025    
   13.88%, 03/15/2014 (I)
    2,227  
       
Johnson Diversey, Inc.
       
  900    
   10.67%, 05/15/2013
    756  
       
Smithfield Foods, Inc.
       
  2,300    
   10.00%, 07/15/2014 (I)
    2,271  
       
SPX Corp.
       
  2,350    
   7.63%, 12/15/2014
    2,268  
       
Tyson Foods, Inc.
       
  2,575    
   10.50%, 03/01/2014 (I)
    2,794  
                 
                      14,681  
                         
       
Energy — 6.4%
       
Bill Barrett Corp.
       
  1,375    
   9.88%, 07/15/2016 (E)
    1,309  
       
Chesapeake Energy Corp.
       
  5,770    
   7.00%, 08/15/2014
    5,337  
       
Ferrellgas Partners L.P.
       
  2,435    
   6.75%, 05/01/2014 (I)
    2,106  
  2,635    
   8.75%, 06/15/2012
    2,451  
       
Inergy L.P.
       
  1,940    
   8.25%, 03/01/2016
    1,848  
  1,105    
   8.75%, 03/01/2015 (I)
    1,080  
       
Linn Energy LLC
       
  2,960    
   11.75%, 05/15/2017 (I)
    2,879  
       
Newfield Exploration Co.
       
  1,380    
   6.63%, 09/01/2014
    1,271  
       
Opti Canada, Inc.
       
  3,350    
   8.25%, 12/15/2014
    2,211  
       
Petrohawk Energy Corp.
       
  4,055    
   9.13%, 07/15/2013
    4,035  
       
Plains Exploration & Production Co.
       
  3,200    
   10.00%, 03/01/2016
    3,288  
       
Sandridge Energy, Inc.
       
  2,300    
   9.88%, 05/15/2016 (I)
    2,219  
       
Targa Resources Partners
       
  2,700    
   8.25%, 07/01/2016
    2,288  
  2,075    
   11.25%, 07/15/2017 (I)
    1,971  
       
Western Refining, Inc.
       
  3,035    
   11.25%, 06/15/2017 (I)
    2,693  
                 
                      36,986  
                         
       
Finance — 10.8%
       
American General Finance Corp.
       
  4,250    
   5.20%, 12/15/2011
    2,668  
  4,500    
   5.85%, 06/01/2013
    2,581  
       
Ashtead Capital, Inc.
       
  2,700    
   9.00%, 08/15/2016 (I)
    2,288  
       
Bank of America Capital II
       
  4,100    
   8.00%, 12/15/2026
    3,403  
       
CIT Group, Inc.
       
  1,700    
   5.60%, 04/27/2011
    1,275  
  2,125    
   6.00%, 04/01/2036
    979  
  3,500    
   7.63%, 11/30/2012
    2,397  
       
Ford Motor Credit Co.
       
  7,690    
   12.00%, 05/15/2015
    7,191  
       
GMAC LLC
       
  2,400    
   7.00%, 02/01/2012 (I)
    2,035  
  11,400    
   8.00%, 11/01/2031 (I)
    7,980  
       
Hertz Corp.
       
  1,215    
   8.88%, 01/01/2014
    1,118  
       
Host Hotels & Resorts L.P.
       
  2,650    
   9.00%, 05/15/2017
    2,524  
       
Hub International Holdings, Inc.
       
  2,876    
   9.00%, 12/15/2014 (I)
    2,347  
       
Leucadia National Corp.
       
  2,700    
   7.13%, 03/15/2017
    2,194  
       
Liberty Mutual Group, Inc.
       
  1,950    
   10.75%, 06/15/2058 (I)
    1,404  
       
LPL Holdings, Inc.
       
  9,420    
   10.75%, 12/15/2015 (I)#
    8,290  
       
NB Capital Trust IV
       
  1,000    
   8.25%, 04/15/2027
    840  
       
Rent-A-Center, Inc.
       
  748    
   7.50%, 05/01/2010
    748  
       
Starwood Hotels & Resorts
       
  2,350    
   7.88%, 10/15/2014
    2,209  
       
Suntrust Preferred Capital
       
  4,000    
   5.85%, 12/15/2011 ª
    2,720  
       
United Rentals North America, Inc.
       
  2,300    
   6.50%, 02/15/2012
    2,231  
       
Yankee Acquisition Corp.
       
  3,175    
   8.50%, 02/15/2015
    2,675  
                 
                      62,097  
                         
       
Health Care — 7.3%
       
Biomet, Inc.
       
  2,320    
   10.38%, 10/15/2017
    2,244  
       
HCA, Inc.
       
  6,900    
   7.88%, 02/01/2011
    6,788  
  3,550    
   8.36%, 04/15/2024
    2,344  
  1,905    
   8.50%, 04/15/2019 (I)
    1,867  
  5,105    
   9.25%, 11/15/2016
    5,028  
       
HealthSouth Corp.
       
  2,325    
   10.75%, 06/15/2016
    2,337  
       
IASIS Healthcare Capital Corp.
       
  2,350    
   8.75%, 06/15/2014 #
    2,303  
       
Invacare Corp.
       
  2,180    
   9.75%, 02/15/2015
    2,202  
       
Inverness Medical Innovation, Inc.
       
  2,400    
   9.00%, 05/15/2016
    2,322  
       
Multiplan Corp.
       
  3,615    
   10.38%, 04/15/2016 (I)
    3,479  
 
The accompanying notes are an integral part of these financial statements.

­ ­  109  ­ ­


Table of Contents

 
Hartford High Yield HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
CORPORATE BONDS: NON-INVESTMENT GRADE — (continued)
                         
       
Health Care — (continued)
       
Psychiatric Solutions, Inc.
       
$ 2,875    
   7.75%, 07/15/2015
  $ 2,630  
       
Reable Therapeutics Finance LLC
       
  3,190    
   11.75%, 11/15/2014
    2,313  
       
Rite Aid Corp.
       
  1,340    
   6.88%, 12/15/2028 (I)
    523  
  3,570    
   7.70%, 02/15/2027
    1,446  
       
Skilled Healthcare Group, Inc.
       
  1,750    
   11.00%, 01/15/2014
    1,794  
       
Warner Chilcott Corp.
       
  2,200    
   8.75%, 02/01/2015
    2,189  
                 
                      41,809  
                         
       
Services — 12.8%
       
Affinion Group, Inc.
       
  1,705    
   10.13%, 10/15/2013 (I)
    1,577  
  10,405    
   11.50%, 10/15/2015
    8,896  
       
AMC Entertainment, Inc.
       
  2,225    
   11.00%, 02/01/2016
    2,153  
       
Ameristar Casinos, Inc.
       
  2,360    
   9.25%, 06/01/2014 (I)
    2,407  
       
Corrections Corp. of America
       
  2,420    
   6.25%, 03/15/2013
    2,293  
       
DirecTV Holdings LLC
       
  1,555    
   7.63%, 05/15/2016
    1,512  
  2,940    
   8.38%, 03/15/2013
    2,947  
       
Echostar DBS Corp.
       
  2,990    
   7.75%, 05/31/2015
    2,848  
       
FireKeepers Development Authority
       
  3,125    
   13.88%, 05/01/2015 (I)
    2,883  
       
First Data Corp.
       
  5,450    
   9.88%, 09/24/2015
    3,869  
       
Harland Clarke Holdings
       
  3,775    
   9.50%, 05/15/2015
    2,916  
       
Harrah’s Operating Co., Inc.
       
  3,820    
   11.25%, 06/01/2017 (I)
    3,610  
       
Iron Mountain, Inc.
       
  3,220    
   8.00%, 06/15/2020
    2,995  
       
Marquee Holdings, Inc.
       
  1,700    
   9.51%, 08/15/2014
    1,309  
       
MGM Mirage, Inc.
       
  1,955    
   10.38%, 05/15/2014 (I)
    2,028  
  2,380    
   11.13%, 11/15/2017 (I)
    2,523  
       
Pinnacle Entertainment, Inc.
       
  2,780    
   8.75%, 10/01/2013
    2,794  
       
Sabre Holdings Corp.
       
  2,500    
   8.35%, 03/15/2016
    1,650  
       
Sheridan Group, Inc.
       
  3,600    
   10.25%, 08/15/2011 (H)
    2,160  
       
Sirius Satellite Radio, Inc.
       
  1,735    
   9.63%, 08/01/2013
    1,279  
       
SunGard Data Systems, Inc.
       
  3,870    
   10.25%, 08/15/2015
    3,575  
       
TL Acquisitions, Inc.
       
  3,760    
   10.50%, 01/15/2015 (I)
    3,046  
       
Videotron Ltee
       
  3,500    
   9.13%, 04/15/2018 (I)
    3,557  
       
Virgin Media, Inc.
       
  4,845    
   6.50%, 11/15/2016 (X)(I)
    3,755  
       
West Corp.
       
  3,720    
   9.50%, 10/15/2014
    3,255  
       
XM Satellite Radio, Inc.
       
  1,380    
   11.25%, 06/15/2013 (I)
    1,370  
                 
                      73,207  
                         
       
Technology — 15.7%
       
Canwest MediaWorks L.P.
       
  4,560    
   9.25%, 08/01/2015 (I)
    456  
       
Charter Communications Operating LLC
       
  7,485    
   10.00%, 04/30/2012 (I)Ψ
    7,204  
  6,050    
   10.88%, 09/15/2014 (I)Ψ
    6,262  
       
Citizens Communications Co.
       
  4,720    
   7.88%, 01/15/2027
    3,776  
       
Cricket Communications, Inc.
       
  2,030    
   7.75%, 05/15/2016 (I)
    1,954  
  2,035    
   9.38%, 11/01/2014
    2,005  
       
CSC Holdings, Inc.
       
  7,535    
   7.63%, 04/01/2011 #
    7,459  
  5,610    
   8.50%, 04/15/2014 (I)
    5,561  
       
DaVita, Inc.
       
  2,350    
   6.63%, 03/15/2013
    2,215  
       
General Cable Corp.
       
  2,800    
   7.13%, 04/01/2017
    2,541  
       
Intelsat Jackson Holdings Ltd.
       
  8,745    
   11.50%, 06/15/2016 (I)
    8,570  
       
Lender Process Services
       
  2,685    
   8.13%, 07/01/2016
    2,631  
       
Level 3 Financing, Inc.
       
  8,350    
   12.25%, 03/15/2013
    7,933  
       
Mediacom LLC
       
  7,050    
   7.88%, 02/15/2011
    6,874  
       
MetroPCS Wireless, Inc.
       
  3,835    
   9.25%, 11/01/2014
    3,811  
       
Seagate Technology International
       
  4,370    
   10.00%, 05/01/2014 (I)
    4,506  
       
Sprint Capital Corp.
       
  5,840    
   8.38%, 03/15/2012
    5,752  
  6,950    
   8.75%, 03/15/2032
    5,595  
       
Wind Acquisition Finance S.A.
       
  2,350    
   10.75%, 12/01/2015 (I)
    2,350  
       
Windstream Corp.
       
  2,600    
   8.63%, 08/01/2016
    2,489  
                 
                      89,944  
                         
       
Transportation — 1.9%
       
Bristow Group, Inc.
       
  2,385    
   7.50%, 09/15/2017
    2,164  
       
Continental Airlines, Inc.
       
  1,160    
   6.80%, 08/02/2018
    847  
  2,032    
   7.03%, 06/15/2011
    1,545  
  3,458    
   7.37%, 12/15/2015
    2,455  
       
Royal Caribbean Cruises Ltd.
       
  665    
   7.25%, 03/15/2018
    525  
  1,285    
   11.88%, 07/15/2015
    1,252  
       
Ship Finance International Ltd.
       
  1,095    
   8.50%, 12/15/2013
    917  
       
United Air Lines, Inc.
       
  869    
   7.19%, 04/01/2011
    856  
                 
                      10,561  
                         
       
Utilities — 6.9%
       
AES Corp.
       
  4,500    
   9.75%, 04/15/2016 (I)
    4,556  
       
Atlas Pipeline Partners L.P.
       
  3,100    
   8.13%, 12/15/2015
    2,216  
 
The accompanying notes are an integral part of these financial statements.

­ ­  110  ­ ­


Table of Contents

 

 


 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
CORPORATE BONDS: NON-INVESTMENT GRADE — (continued)
                         
       
Utilities — (continued)
       
Calpine Construction Finance Co.
       
$ 2,375    
   8.00%, 06/01/2016 (I)
  $ 2,274  
       
Dynegy Holdings, Inc.
       
  3,425    
   8.38%, 05/01/2016
    2,903  
       
El Paso Corp.
       
  3,615    
   7.75%, 01/15/2032
    2,943  
  1,335    
   7.80%, 08/01/2031
    1,089  
       
Energy Future Holdings
       
  5,900    
   10.88%, 11/01/2017
    4,307  
       
Kinder Morgan, Inc.
       
  2,280    
   6.50%, 09/01/2012
    2,229  
       
Mirant North America LLC
       
  5,200    
   7.38%, 12/31/2013
    4,992  
       
NRG Energy, Inc.
       
  5,885    
   7.25%, 02/01/2014
    5,709  
  2,765    
   7.38%, 01/15/2017
    2,606  
       
Reliant Energy, Inc.
       
  1,618    
   9.24%, 07/02/2017
    1,553  
       
RRI Energy, Inc.
       
  2,343    
   6.75%, 12/15/2014
    2,258  
                 
                      39,635  
                         
       
Total corporate bonds: non-investment grade
(cost $472,171)
  $ 468,511  
                 
                         
                         
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) — 8.8%
       
Consumer Cyclical — 1.7%
       
Hanesbrands, Inc.
       
$ 2,290    
   5.80%, 09/05/2011 (N)
  $ 2,272  
       
Lear Corp.
       
  11,064    
   3.09%, 04/25/2012 (N)(E)
    7,561  
                 
                      9,833  
                         
       
Consumer Staples — 0.4%
       
WM Wrigley Jr. Co.
       
  2,238    
   6.50%, 10/06/2014 (N)
    2,246  
                 
       
Energy — 0.6%
       
Lyondell Chemical Co.
       
  1,350    
   1.50%, 12/15/2009 (N)(E)
    1,388  
       
Turbo Beta Ltd.
       
  3,272    
   14.50%, 03/12/2018 (N)(H)(A)
    1,963  
                 
                      3,351  
                         
       
Health Care — 1.8%
       
Fresenius SE, Term Loan B
       
  2,118    
   6.75%, 10/01/2014 (N)(E)
    2,125  
       
Fresenius SE, Term Loan B2
       
  1,304    
   6.75%, 10/01/2014 (N)(E)
    1,307  
       
IASIS Healthcare Capital Corp.
       
  5,631    
   6.29%, 06/13/2014 (N)
    4,336  
       
Life Technologies Corp.
       
  2,323    
   5.25%, 11/23/2015 (N)
    2,331  
                 
                      10,099  
                         
       
Services — 2.5%
       
Marquee Holdings, Inc.
       
  7,243    
   6.32%, 06/13/2012 (N)(E)
    5,758  
       
Venetian Macau Ltd.
       
  920    
   2.85%, 05/25/2012 (N)
    778  
       
Venetian Macau Ltd., Incremental Term Loan B
       
  625    
   2.85%, 05/25/2013 (N)
    528  
       
Venetian Macau Ltd., Term Loan
       
  1,592    
   2.85%, 05/25/2013 (N)
    1,347  
       
WideOpenWest Finance LLC
       
  5,380    
   7.32%, 06/29/2015 (N)(E)
    2,851  
       
Yonkers Racing Corp.
       
  3,393    
   10.50%, 08/12/2011 (N)
    3,385  
                 
                      14,647  
                         
       
Technology — 1.8%
       
Freescale Semiconductor, Inc.
       
  3,276    
   12.50%, 12/15/2014 (N)
    2,834  
       
Infor Lux Bond Co.
       
  5,517    
   8.31%, 09/02/2014 (N)(E)
    593  
       
Level 3 Communications Corp.
       
  1,485    
   11.50%, 03/31/2014 (N)
    1,522  
       
Mediacom Broadband LLC
       
  447    
   1.80%, 03/31/2010 (N)
    438  
       
Wind Acquisitions Holdings Finance S.A.
       
  4,731    
   8.36%, 12/12/2011 (N)
    4,749  
                 
                      10,136  
                         
       
Total senior floating rate interests: non-investment grade
(cost $57288)
  $ 50,312  
                 
                         
                         
Shares                  
 
 
PREFERRED STOCKS — 0.0%
       
Banks — 0.0%
  148    
Federal National Mortgage Association
  $ 198  
                 
       
Total preferred stocks
(cost $1,902)
  $ 198  
                 
                         
                         
WARRANTS — 0.0%
       
Telecommunication Services — 0.0%
     
AboveNet, Inc. (H)(D)
  $ 14  
                 
       
Total warrants
(cost $ — )
  $ 14  
                 
       
Total long-term investments
(cost $578,354)
  $ 564,592  
                 
                         
                         
Principal
                 
Amount                  
 
 
SHORT-TERM INVESTMENTS — 1.0%
       
Investment Pools and Funds — 0.8%
$ 4,683    
JP Morgan U.S. Government Money Market Fund
  $ 4,683  
     
State Street Bank U.S. Government Money Market Fund
     
  1    
Wells Fargo Advantage Government Money Market Fund
    1  
                 
                      4,684  
                         
       
U.S. Treasury Bills — 0.2%
  1,005    
   0.13%, 7/16/2009 (M)
    1,005  
                 
       
Total short-term investments
(cost $5,689)
  $ 5,689  
                 
       
Total investments
(cost $584,043) (C)
    99.4 %   $ 570,281  
       
Other assets and liabilities
    0.6 %     3,364  
                         
       
Total net assets
    100.0 %   $ 573,645  
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  111  ­ ­


Table of Contents

 
Hartford High Yield HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 4.7% of total net assets at June 30, 2009.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $587,787 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 18,090  
Unrealized Depreciation
    (35,596 )
         
Net Unrealized Depreciation
  $ (17,506 )
         
 
(A) The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $1,963, which represents 0.34% of total net assets.
 
(D) Currently non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.
 
# This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.
 
(L) Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009.
 
(I) Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $146,084, which represents 25.47% of total net assets.
 
ª Perpetual maturity security. Maturity date shown is the first call date.
 
(X) Convertible security.
 
The interest rates disclosed for interest only strips represent effective yields based upon estimated future cash flows at June 30, 2009.
 
(M) The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.
 
(E) The cost of securities purchased on a when-issued or delayed delivery basis at June 30, 2009 was $9,557.
 
(N) The interest rate disclosed for these securities represents the average coupon as of June 30, 2009.
 
Ψ The company is in bankruptcy. The investment held by the Fund is current with respect to interest payments.
 
(B) All principal amounts are in U.S. dollars unless otherwise indicated.
 
EUR — EURO
 
(V) Senior loans in which the Fund invests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as the London Inter-Bank Offered Rate (LIBOR), (ii) the prime rate offered by one or more major United States Banks, or (iii) the bank’s certificate of deposit rate. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. The interest rate indicated is the rate in effect at June 30, 2009.
 
(H) The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.
 
                     
Period
           
Acquired
  Shares/Par   Security   Cost Basis
09/2007 –
03/2008
        AboveNet, Inc. Warrants   $  
11/2006 –
10/2007
  $ 19,878     CBA Commercial Small Balance Commercial Mortgage, 3.00%, 01/25/2039 - 144A     1,708  
05/2001 –
11/2001
  $ 1,350     Potlatch Corp., 12.50%, 12/01/2009     1,338  
06/2005 –
02/2006
  $ 3,600     Sheridan Group, Inc., 10.25%, 08/15/2011     3,677  
02/2007   $ 2,490     Soundview NIM Trust, 8.25%, 12/25/2036 - 144A     2,474  
06/2008 –
05/2009
  $ 3,272     Turbo Beta Ltd., 14.50%, 03/12/2018     3,272  
 
The aggregate value of these securities at June 30, 2009 was $7,113 which represents 1.24% of total net assets.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
Euro (Sell)
  $ 5,227     $ 5,001       08/27/09     $ (226 )
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
Assets:
                               
Asset & Commercial Mortgage Backed Securities
  $ 1,590     $     $     $ 1,590  
Corporate Bonds: Investment Grade
    43,967             37,253       6,714  
Corporate Bonds: Non-Investment Grade
    468,511             462,808       5,703  
Preferred Stocks
    198       198              
Senior Floating Rate Interests: Non-Investment Grade
    50,312             48,349       1,963  
Warrants
    14             14        
Short-Term Investments
    5,689       4,684       1,005        
                                 
Total
  $ 570,281     $ 4,882     $ 549,429     $ 15,970  
                                 
Liabilities:
                               
Other Financial Instruments (Q)
  $ 226     $     $ 226     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                                                 
            Change in
           
    Balance as of
      Unrealized
      Transfers In
  Balance as of
    December 31,
  Realized Gain
  Appreciation
      and/or Out of
  June 30,
   
2008
 
(Loss)
 
(Depreciation)
 
Net Purchases
 
Level 3
 
2009
 
Assets:
                                               
Asset & Commercial Mortgage Backed Securities
    2,041       (131 )     (320 )*                 1,590  
Corporate Bonds and Senior Floating Rate Interests
    10,652       (90 )     2,792 (A)     6,363       (5,337 )     14,380  
                                                 
Total
  $ 12,693     $ (221 )   $ 2,472     $ 6,363     $ (5,337 )   $ 15,970  
                                                 
 
* Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(318).
 
Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $2,513.
 
The accompanying notes are an integral part of these financial statements.

­ ­  113  ­ ­


Table of Contents

Hartford Index HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 98.5%
       
Automobiles & Components — 0.5%
  330    
Ford Motor Co. (D)
  $ 2,004  
  25    
Goodyear Tire & Rubber Co. (D)
    279  
  24    
Harley-Davidson, Inc. 
    390  
  61    
Johnson Controls, Inc. 
    1,325  
                 
                      3,998  
                         
       
Banks — 2.8%
  66    
BB&T Corp. 
    1,458  
  16    
Comerica, Inc. 
    328  
  75    
Fifth Third Bankcorp
    535  
  22    
First Horizon National Corp. 
    264  
  53    
Hudson City Bancorp, Inc. 
    710  
  56    
Huntington Bancshares, Inc. 
    233  
  73    
Keycorp
    381  
  8    
M&T Bank Corp. 
    426  
  36    
Marshall & Ilsley Corp. 
    174  
  36    
People’s United Financial, Inc. 
    537  
  47    
PNC Financial Services Group, Inc. 
    1,833  
  119    
Regions Financial Corp. 
    479  
  48    
SunTrust Banks, Inc. 
    785  
  195    
US Bancorp
    3,489  
  478    
Wells Fargo & Co. 
    11,591  
  12    
Zion Bancorp
    137  
                 
                      23,360  
                         
       
Capital Goods — 6.9%
  71    
3M Co. 
    4,282  
  75    
Boeing Co. 
    3,166  
  62    
Caterpillar, Inc. 
    2,038  
  17    
Cooper Industries Ltd. 
    531  
  21    
Cummins, Inc. 
    727  
  26    
Danaher Corp. 
    1,613  
  43    
Deere & Co. 
    1,733  
  19    
Dover Corp. 
    632  
  17    
Eaton Corp. 
    758  
  77    
Emerson Electric Co. 
    2,499  
  13    
Fastenal Co. 
    441  
  6    
Flowserve Corp. 
    398  
  18    
Fluor Corp. 
    945  
  40    
General Dynamics Corp. 
    2,191  
  1,087    
General Electric Co. 
    12,734  
  13    
Goodrich Corp. 
    634  
  76    
Honeywell International, Inc. 
    2,396  
  39    
Illinois Tool Works, Inc. 
    1,473  
  19    
ITT Corp. 
    830  
  13    
Jacobs Engineering Group, Inc. (D)
    532  
  12    
L-3 Communications Holdings, Inc. 
    831  
  34    
Lockheed Martin Corp. 
    2,705  
  13    
Manitowoc Co., Inc. 
    70  
  37    
Masco Corp. 
    353  
  33    
Northrop Grumman Corp. 
    1,514  
  37    
PACCAR, Inc. 
    1,211  
  12    
Pall Corp. 
    321  
  16    
Parker-Hannifin Corp. 
    708  
  14    
Precision Castparts Corp. 
    1,050  
  20    
Quanta Services, Inc. (D)
    463  
  40    
Raytheon Co. 
    1,795  
  15    
Rockwell Automation, Inc. 
    466  
  16    
Rockwell Collins, Inc. 
    677  
  28    
Textron, Inc. 
    267  
  97    
United Technologies Corp. 
    5,020  
  6    
W.W. Grainger, Inc. 
    525  
                 
                      58,529  
                         
       
Commercial & Professional Services — 0.7%
  12    
Avery Dennison Corp. 
    296  
  13    
Cintas Corp. 
    308  
  6    
Dun & Bradstreet Corp. 
    447  
  13    
Equifax, Inc. (D)
    338  
  19    
Iron Mountain, Inc. (D)
    532  
  13    
Monster Worldwide, Inc. (D)
    153  
  21    
Pitney Bowes, Inc. 
    464  
  21    
R.R. Donnelley & Sons Co. 
    245  
  33    
Republic Services, Inc. 
    806  
  16    
Robert Half International, Inc. 
    371  
  9    
Stericycle, Inc. (D)
    448  
  50    
Waste Management, Inc. 
    1,421  
                 
                      5,829  
                         
       
Consumer Durables & Apparel — 1.0%
  6    
Black & Decker Corp. 
    177  
  13    
Centex Corp. 
    108  
  33    
Coach, Inc. 
    875  
  28    
D.R. Horton, Inc. 
    265  
  28    
Eastman Kodak Co. 
    82  
  15    
Fortune Brands, Inc. 
    535  
  7    
Harman International Industries, Inc. 
    133  
  13    
Hasbro, Inc. 
    309  
  8    
KB Home
    103  
  16    
Leggett & Platt, Inc. 
    245  
  15    
Lennar Corp. 
    141  
  37    
Mattel, Inc. 
    590  
  29    
Newell Rubbermaid, Inc. 
    297  
  40    
NIKE, Inc. Class B
    2,061  
  6    
Polo Ralph Lauren Corp. 
    311  
  22    
Pulte Homes, Inc. 
    195  
  6    
Snap-On, Inc. 
    171  
  8    
Stanley Works
    273  
  9    
V.F. Corp. 
    501  
  8    
Whirlpool Corp. 
    323  
                 
                      7,695  
                         
       
Consumer Services — 1.7%
  11    
Apollo Group, Inc. Class A (D)
    789  
  45    
Carnival Corp. 
    1,158  
  14    
Darden Restaurants, Inc. 
    462  
  6    
DeVry, Inc. 
    315  
  35    
H & R Block, Inc. 
    600  
  30    
International Game Technology
    483  
  30    
Marriott International, Inc. Class A
    672  
  113    
McDonald’s Corp. 
    6,507  
  76    
Starbucks Corp. (D)
    1,049  
  19    
Starwood Hotels & Resorts
    426  
  18    
Wyndham Worldwide Corp. 
    221  
  7    
Wynn Resorts Ltd. (D)
    244  
  47    
Yum! Brands, Inc. 
    1,579  
                 
                      14,505  
                         
       
Diversified Financials — 7.3%
  122    
American Express Co. 
    2,831  
  26    
Ameriprise Financial, Inc. 
    635  
  830    
Bank of America Corp. 
    10,954  
  123    
Bank of New York Mellon Corp. 
    3,595  
  46    
Capital One Financial Corp. 
    1,015  
  96    
Charles Schwab Corp. 
    1,690  
  40    
CIT Group, Inc. 
    86  
  566    
Citigroup, Inc. 
    1,680  
  7    
CME Group, Inc. 
    2,107  
  49    
Discover Financial Services, Inc. 
    506  
  103    
E*Trade Financial Corp. (D)
    132  
 
The accompanying notes are an integral part of these financial statements.

­ ­  114  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Diversified Financials — (continued)
  9    
Federated Investors, Inc. 
  $ 221  
  16    
Franklin Resources, Inc. 
    1,116  
  52    
Goldman Sachs Group, Inc. 
    7,622  
  8    
IntercontinentalExchange, Inc. (D)
    859  
  42    
Invesco Ltd. 
    752  
  17    
Janus Capital Group, Inc. 
    189  
  400    
JP Morgan Chase & Co. 
    13,654  
  15    
Legg Mason, Inc. 
    358  
  19    
Leucadia National Corp. 
    393  
  20    
Moody’s Corp. 
    516  
  139    
Morgan Stanley
    3,954  
  14    
Nasdaq OMX Group, Inc. (D)
    300  
  25    
Northern Trust Corp. 
    1,327  
  27    
NYSE Euronext
    727  
  48    
SLM Corp. (D)
    492  
  51    
State Street Corp. 
    2,391  
  26    
T. Rowe Price Group, Inc. 
    1,093  
                 
                      61,195  
                         
       
Energy — 12.3%
  51    
Anadarko Petroleum Corp. 
    2,326  
  34    
Apache Corp. 
    2,478  
  32    
Baker Hughes, Inc. 
    1,158  
  30    
BJ Services Co. 
    408  
  11    
Cabot Oil & Gas Corp. 
    325  
  22    
Cameron International Corp. (D)
    629  
  58    
Chesapeake Energy Corp. 
    1,148  
  206    
Chevron Corp. 
    13,624  
  152    
ConocoPhillips Holding Co. 
    6,392  
  19    
Consol Energy, Inc. 
    630  
  26    
Denbury Resources, Inc. (D)
    376  
  46    
Devon Energy Corp. 
    2,484  
  7    
Diamond Offshore Drilling, Inc. 
    590  
  72    
El Paso Corp. 
    664  
  15    
ENSCO International, Inc. 
    508  
  26    
EOG Resources, Inc. 
    1,746  
  501    
Exxon Mobil Corp. 
    35,000  
  13    
FMC Technologies, Inc. (D)
    477  
  92    
Halliburton Co. 
    1,905  
  29    
Hess Corp. 
    1,569  
  73    
Marathon Oil Corp. 
    2,188  
  9    
Massey Energy Co. 
    172  
  20    
Murphy Oil Corp. 
    1,062  
  29    
Nabors Industries Ltd. (D)
    452  
  43    
National Oilwell Varco, Inc. (D)
    1,400  
  18    
Noble Energy, Inc. 
    1,048  
  83    
Occidental Petroleum Corp. 
    5,476  
  27    
Peabody Energy Corp. 
    827  
  12    
Pioneer Natural Resources Co. 
    298  
  16    
Range Resources Corp. 
    667  
  12    
Rowan Companies, Inc. 
    224  
  123    
Schlumberger Ltd. 
    6,644  
  22    
Smith International, Inc. 
    579  
  35    
Southwestern Energy Co. (D)
    1,371  
  66    
Spectra Energy Corp. 
    1,119  
  12    
Sunoco, Inc. 
    278  
  14    
Tesoro Corp. 
    181  
  57    
Valero Energy Corp. 
    963  
  60    
Williams Cos., Inc. 
    929  
  59    
XTO Energy, Inc. 
    2,269  
                 
                      102,584  
                         
       
Food & Staples Retailing — 3.0%
  45    
Costco Wholesale Corp. 
    2,034  
  149    
CVS/Caremark Corp. 
    4,762  
  67    
Kroger Co. 
    1,475  
  44    
Safeway, Inc. 
    890  
  22    
Supervalu, Inc. 
    281  
  61    
Sysco Corp. 
    1,361  
  102    
Walgreen Co. 
    2,991  
  229    
Wal-Mart Stores, Inc. 
    11,093  
  14    
Whole Foods Market, Inc. 
    274  
                 
                      25,161  
                         
       
Food, Beverage & Tobacco — 6.0%
  212    
Altria Group, Inc. 
    3,478  
  66    
Archer Daniels Midland Co. 
    1,763  
  10    
Brown-Forman Corp. 
    432  
  20    
Campbell Soup Co. 
    602  
  204    
Coca-Cola Co. 
    9,803  
  33    
Coca-Cola Enterprises, Inc. 
    542  
  46    
ConAgra Foods, Inc. 
    875  
  20    
Constellation Brands, Inc. Class A (D)
    255  
  18    
Dean Foods Co. (D)
    349  
  26    
Dr Pepper Snapple Group (D)
    551  
  34    
General Mills, Inc. 
    1,888  
  32    
H.J. Heinz Co. 
    1,152  
  17    
Hershey Co. 
    613  
  7    
Hormel Foods Corp. 
    249  
  12    
J.M. Smucker Co. 
    594  
  26    
Kellogg Co. 
    1,209  
  151    
Kraft Foods, Inc. 
    3,830  
  17    
Lorillard, Inc. 
    1,169  
  13    
McCormick & Co., Inc. 
    434  
  15    
Molson Coors Brewing Co. 
    648  
  14    
Pepsi Bottling Group, Inc. 
    473  
  160    
PepsiCo, Inc. 
    8,780  
  201    
Philip Morris International, Inc. 
    8,780  
  17    
Reynolds American, Inc. 
    672  
  71    
Sara Lee Corp. 
    697  
  31    
Tyson Foods, Inc. Class A
    391  
                 
                      50,229  
                         
       
Health Care Equipment & Services — 4.1%
  46    
Aetna, Inc. 
    1,148  
  31    
Amerisource Bergen Corp. 
    550  
  10    
Bard (C.R.), Inc. 
    759  
  62    
Baxter International, Inc. 
    3,287  
  25    
Becton, Dickinson & Co. 
    1,751  
  155    
Boston Scientific Corp. (D)
    1,567  
  37    
Cardinal Health, Inc. 
    1,128  
  28    
CIGNA Corp. 
    675  
  15    
Coventry Health Care, Inc. (D)
    284  
  11    
DaVita, Inc. (D)
    524  
  15    
Dentsply International, Inc. 
    464  
  28    
Express Scripts, Inc. (D)
    1,912  
  16    
Hospira, Inc. (D)
    635  
  17    
Humana, Inc. (D)
    560  
  19    
IMS Health, Inc. 
    237  
  4    
Intuitive Surgical, Inc. (D)
    638  
  11    
Laboratory Corp. of America Holdings (D)
    754  
  28    
McKesson Corp. 
    1,225  
  50    
Medco Health Solutions, Inc. (D)
    2,260  
  115    
Medtronic, Inc. 
    4,002  
  9    
Patterson Cos., Inc. (D)
    204  
  15    
Quest Diagnostics, Inc. 
    869  
  36    
St. Jude Medical, Inc. (D)
    1,462  
  24    
Stryker Corp. 
    972  
 
The accompanying notes are an integral part of these financial statements.

­ ­  115  ­ ­


Table of Contents

 
Hartford Index HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Health Care Equipment & Services — (continued)
  43    
Tenet Healthcare Corp. (D)
  $ 121  
  122    
UnitedHealth Group, Inc. 
    3,050  
  13    
Varian Medical Systems, Inc. (D)
    452  
  50    
Wellpoint, Inc. (D)
    2,531  
  22    
Zimmer Holdings, Inc. (D)
    942  
                 
                      34,963  
                         
       
Household & Personal Products — 2.8%
  44    
Avon Products, Inc. 
    1,130  
  14    
Clorox Co. 
    796  
  51    
Colgate-Palmolive Co. 
    3,623  
  12    
Estee Lauder Co., Inc. 
    387  
  43    
Kimberly-Clark Corp. 
    2,231  
  299    
Procter & Gamble Co. 
    15,285  
                 
                      23,452  
                         
       
Insurance — 2.3%
  49    
Aflac, Inc. 
    1,529  
  56    
Allstate Corp. 
    1,371  
  282    
American International Group, Inc. 
    327  
  28    
AON Corp. 
    1,076  
  12    
Assurant, Inc. 
    298  
  37    
Chubb Corp. 
    1,472  
  17    
Cincinnati Financial Corp. 
    382  
  45    
Genworth Financial, Inc. 
    317  
  31    
Lincoln National Corp. 
    536  
  38    
Loews Corp. 
    1,038  
  54    
Marsh & McLennan Cos., Inc. 
    1,078  
  18    
MBIA, Inc. (D)
    78  
  86    
Metlife, Inc. 
    2,585  
  33    
Principal Financial Group, Inc. 
    616  
  71    
Progressive Corp. 
    1,078  
  49    
Prudential Financial, Inc. 
    1,813  
  9    
Torchmark Corp. 
    321  
  61    
Travelers Cos., Inc. 
    2,518  
  35    
Unum Group
    553  
  36    
XL Capital Ltd. Class A
    411  
                 
                      19,397  
                         
       
Materials — 3.2%
  22    
Air Products and Chemicals, Inc. 
    1,392  
  11    
AK Steel Holding Corp. 
    215  
  100    
Alcoa, Inc. 
    1,032  
  10    
Allegheny Technologies, Inc. 
    352  
  10    
Ball Corp. 
    435  
  10    
Bemis Co., Inc. 
    259  
  5    
CF Industries Holdings, Inc. 
    371  
  110    
Dow Chemical Co. 
    1,782  
  93    
E.I. DuPont de Nemours & Co. 
    2,376  
  7    
Eastman Chemical Co. 
    282  
  17    
Ecolab, Inc. 
    671  
  42    
Freeport-McMoRan Copper & Gold, Inc. 
    2,119  
  8    
International Flavors & Fragrances, Inc. 
    265  
  44    
International Paper Co. 
    671  
  18    
MeadWestvaco Corp. 
    288  
  56    
Monsanto Co. 
    4,160  
  50    
Newmont Mining Corp. 
    2,054  
  32    
Nucor Corp. 
    1,434  
  17    
Owens-Illinois, Inc. (D)
    485  
  14    
Pactiv Corp. (D)
    294  
  17    
PPG Industries, Inc. 
    742  
  32    
Praxair, Inc. 
    2,242  
  16    
Sealed Air Corp. 
    300  
  13    
Sigma-Aldrich Corp. 
    621  
  9    
Titanium Metals Corp. 
    81  
  15    
United States Steel Corp. 
    526  
  12    
Vulcan Materials Co. 
    537  
  22    
Weyerhaeuser Co. 
    659  
                 
                      26,645  
                         
       
Media — 2.5%
  70    
CBS Corp. Class B
    482  
  296    
Comcast Corp. Class A
    4,287  
  54    
DirecTV Group, Inc. (D)
    1,328  
  24    
Gannett Co., Inc. 
    85  
  49    
Interpublic Group of Cos., Inc. (D)
    248  
  32    
McGraw-Hill Cos., Inc. 
    973  
  4    
Meredith Corp. 
    95  
  12    
New York Times Co. Class A
    66  
  236    
News Corp. Class A
    2,150  
  32    
Omnicom Group, Inc. 
    1,009  
  9    
Scripps Networks Interactive Class A
    257  
  36    
Time Warner Cable, Inc. 
    1,145  
  123    
Time Warner, Inc. 
    3,092  
  62    
Viacom, Inc. Class B (D)
    1,413  
  191    
Walt Disney Co. 
    4,445  
  1    
Washington Post Co. Class B
    229  
                 
                      21,304  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 9.5%
  159    
Abbott Laboratories
    7,458  
  32    
Allergan, Inc. 
    1,502  
  104    
Amgen, Inc. (D)
    5,501  
  30    
Biogen Idec, Inc. (D)
    1,335  
  203    
Bristol-Myers Squibb Co. 
    4,128  
  47    
Celgene Corp. (D)
    2,260  
  8    
Cephalon, Inc. (D)
    431  
  104    
Eli Lilly & Co. 
    3,594  
  31    
Forest Laboratories, Inc. (D)
    776  
  28    
Genzyme Corp. (D)
    1,543  
  93    
Gilead Sciences, Inc. (D)
    4,357  
  283    
Johnson & Johnson
    16,061  
  25    
King Pharmaceuticals, Inc. (D)
    245  
  18    
Life Technologies Corp. (D)
    749  
  216    
Merck & Co., Inc. 
    6,051  
  6    
Millipore Corp. (D)
    402  
  31    
Mylan, Inc. (D)
    409  
  12    
PerkinElmer, Inc. 
    208  
  692    
Pfizer, Inc. 
    10,385  
  167    
Schering-Plough Corp. 
    4,198  
  43    
Thermo Fisher Scientific, Inc. (D)
    1,751  
  10    
Waters Corp. (D)
    511  
  11    
Watson Pharmaceuticals, Inc. (D)
    363  
  137    
Wyeth
    6,210  
                 
                      80,428  
                         
       
Real Estate — 1.0%
  12    
Apartment Investment & Management Co. 
    106  
  8    
Avalonbay Communities, Inc. 
    458  
  14    
Boston Properties, Inc. 
    678  
  24    
CB Richard Ellis Group, Inc. Class A (D)
    227  
  28    
Equity Residential Properties Trust
    626  
  28    
HCP, Inc. 
    593  
  11    
Health Care, Inc. 
    389  
  62    
Host Hotels & Resorts, Inc. 
    518  
  33    
Kimco Realty Corp. 
    334  
  17    
Plum Creek Timber Co., Inc. 
    497  
  45    
ProLogis
    366  
  13    
Public Storage
    840  
 
The accompanying notes are an integral part of these financial statements.

­ ­  116  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Real Estate — (continued)
  28    
Simon Property Group, Inc. 
  $ 1,455  
  16    
Ventas, Inc. 
    481  
  16    
Vornado Realty Trust
    734  
                 
                      8,302  
                         
       
Retailing — 3.2%
  9    
Abercrombie & Fitch Co. Class A
    230  
  33    
Amazon.com, Inc. (D)
    2,766  
  11    
AutoNation, Inc. (D)
    193  
  4    
AutoZone, Inc. (D)
    553  
  27    
Bed Bath & Beyond, Inc. (D)
    818  
  35    
Best Buy Co., Inc. 
    1,172  
  8    
Big Lots, Inc. (D)
    178  
  22    
Expedia, Inc. (D)
    326  
  14    
Family Dollar Stores, Inc. 
    406  
  17    
GameStop Corp. Class A (D)
    371  
  47    
Gap, Inc. 
    775  
  16    
Genuine Parts Co. 
    550  
  174    
Home Depot, Inc. 
    4,114  
  23    
J.C. Penney Co., Inc. 
    655  
  31    
Kohl’s Corp. (D)
    1,338  
  28    
Limited Brands, Inc. 
    332  
  151    
Lowe’s Co., Inc. 
    2,940  
  43    
Macy’s, Inc. 
    508  
  16    
Nordstrom, Inc. 
    327  
  28    
Office Depot, Inc. (D)
    129  
  14    
O’Reilly Automotive, Inc. (D)
    529  
  13    
RadioShack Corp. 
    179  
  6    
Sears Holdings Corp. (D)
    370  
  10    
Sherwin-Williams Co. 
    541  
  73    
Staples, Inc. 
    1,482  
  77    
Target Corp. 
    3,045  
  13    
Tiffany & Co. 
    322  
  42    
TJX Cos., Inc. 
    1,336  
                 
                      26,485  
                         
       
Semiconductors & Semiconductor Equipment — 2.5%
  58    
Advanced Micro Devices, Inc. (D)
    223  
  30    
Altera Corp. 
    490  
  30    
Analog Devices, Inc. 
    741  
  137    
Applied Materials, Inc. 
    1,501  
  44    
Broadcom Corp. Class A (D)
    1,088  
  573    
Intel Corp. 
    9,484  
  17    
KLA-Tencor Corp. 
    441  
  23    
Linear Technology Corp. 
    533  
  66    
LSI Corp. (D)
    303  
  23    
MEMC Electronic Materials, Inc. (D)
    409  
  19    
Microchip Technology, Inc. 
    422  
  87    
Micron Technology, Inc. (D)
    440  
  20    
National Semiconductor Corp. 
    251  
  10    
Novellus Systems, Inc. (D)
    166  
  56    
NVIDIA Corp. (D)
    633  
  18    
Teradyne, Inc. (D)
    122  
  131    
Texas Instruments, Inc. 
    2,784  
  28    
Xilinx, Inc. 
    578  
                 
                      20,609  
                         
       
Software & Services — 7.0%
  54    
Adobe Systems, Inc. (D)
    1,520  
  10    
Affiliated Computer Services, Inc. Class A (D)
    446  
  18    
Akamai Technologies, Inc. (D)
    340  
  23    
Autodesk, Inc. (D)
    445  
  51    
Automatic Data Processing, Inc. 
    1,825  
  19    
BMC Software, Inc. (D)
    642  
  40    
CA, Inc. 
    706  
  19    
Citrix Systems, Inc. (D)
    592  
  30    
Cognizant Technology Solutions Corp. (D)
    799  
  16    
Computer Sciences Corp. (D)
    690  
  25    
Compuware Corp. (D)
    170  
  13    
Convergys Corp. (D)
    117  
  111    
eBay, Inc. (D)
    1,900  
  33    
Electronic Arts, Inc. (D)
    721  
  20    
Fidelity National Information Services, Inc. 
    391  
  16    
Fiserv, Inc. (D)
    730  
  25    
Google, Inc. (D)
    10,402  
  33    
Intuit, Inc. (D)
    933  
  7    
Mastercard, Inc. 
    1,238  
  16    
McAfee, Inc. (D)
    671  
  785    
Microsoft Corp. 
    18,667  
  35    
Novell, Inc. (D)
    160  
  389    
Oracle Corp. 
    8,324  
  33    
Paychex, Inc. 
    829  
  11    
Salesforce.com, Inc. (D)
    416  
  84    
Symantec Corp. (D)
    1,305  
  20    
Total System Services, Inc. 
    271  
  20    
VeriSign, Inc. (D)
    366  
  72    
Western Union Co. 
    1,180  
  143    
Yahoo!, Inc. (D)
    2,241  
                 
                      59,037  
                         
       
Technology Hardware & Equipment — 8.7%
  35    
Agilent Technologies, Inc. (D)
    716  
  18    
Amphenol Corp. Class A
    557  
  92    
Apple, Inc. (D)
    13,041  
  9    
Ciena Corp. (D)
    96  
  592    
Cisco Systems, Inc. (D)
    11,031  
  159    
Corning, Inc. 
    2,560  
  178    
Dell, Inc. (D)
    2,450  
  207    
EMC Corp. (D)
    2,706  
  15    
FLIR Systems, Inc. (D)
    347  
  14    
Harris Corp. 
    386  
  245    
Hewlett-Packard Co. 
    9,463  
  136    
IBM Corp. 
    14,154  
  22    
Jabil Circuit, Inc. 
    163  
  23    
JDS Uniphase Corp. (D)
    129  
  54    
Juniper Networks, Inc. (D)
    1,267  
  8    
Lexmark International, Inc. ADR (D)
    127  
  14    
Molex, Inc. 
    221  
  235    
Motorola, Inc. 
    1,559  
  34    
NetApp, Inc. (D)
    669  
  12    
QLogic Corp. (D)
    155  
  170    
Qualcomm, Inc. 
    7,677  
  23    
SanDisk Corp. (D)
    343  
  77    
Sun Microsystems, Inc. (D)
    706  
  41    
Tellabs, Inc. (D)
    233  
  18    
Teradata Corp. (D)
    416  
  23    
Western Digital Corp. (D)
    604  
  89    
Xerox Corp. 
    575  
                 
                      72,351  
                         
       
Telecommunication Services — 3.5%
  41    
American Tower Corp. Class A (D)
    1,285  
  605    
AT&T, Inc. 
    15,037  
  10    
CenturyTel, Inc. 
    318  
  15    
Embarq Corp. 
    615  
  32    
Frontier Communications Corp. 
    228  
  26    
MetroPCS Communications, Inc. (D)
    346  
  152    
Qwest Communications International, Inc. 
    630  
 
The accompanying notes are an integral part of these financial statements.

­ ­  117  ­ ­


Table of Contents

 
Hartford Index HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Telecommunication Services — (continued)
  295    
Sprint Nextel Corp. (D)
  $ 1,418  
  291    
Verizon Communications, Inc. 
    8,955  
  45    
Windstream Corp. 
    375  
                 
                      29,207  
                         
       
Transportation — 2.0%
  29    
Burlington Northern Santa Fe Corp. 
    2,099  
  17    
C.H. Robinson Worldwide, Inc. 
    908  
  40    
CSX Corp. 
    1,392  
  22    
Expeditors International of Washington, Inc. 
    727  
  32    
FedEx Corp. 
    1,779  
  38    
Norfolk Southern Corp. 
    1,417  
  6    
Ryder System, Inc. 
    159  
  76    
Southwest Airlines Co. 
    511  
  52    
Union Pacific Corp. 
    2,693  
  102    
United Parcel Service, Inc. Class B
    5,106  
                 
                      16,791  
                         
       
Utilities — 4.0%
  68    
AES Corp. (D)
    794  
  17    
Allegheny Energy, Inc. 
    447  
  22    
Ameren Corp. 
    547  
  49    
American Electric Power Co., Inc. 
    1,414  
  36    
CenterPoint Energy, Inc. 
    397  
  23    
CMS Energy Corp. 
    281  
  28    
Consolidated Edison, Inc. 
    1,053  
  20    
Constellation Energy Group, Inc. 
    543  
  61    
Dominion Resources, Inc. 
    2,023  
  17    
DTE Energy Co. 
    538  
  132    
Duke Energy Corp. 
    1,927  
  52    
Dynegy Holdings, Inc. (D)
    118  
  33    
Edison International
    1,053  
  20    
Entergy Corp. 
    1,560  
  13    
EQT Corp. 
    468  
  68    
Exelon Corp. 
    3,463  
  31    
FirstEnergy Corp. 
    1,214  
  42    
FPL Group, Inc. 
    2,398  
  8    
Integrys Energy Group, Inc. 
    235  
  5    
Nicor, Inc. 
    159  
  28    
NiSource, Inc. 
    328  
  18    
Northeast Utilities
    401  
  23    
Pepco Holdings, Inc. 
    304  
  38    
PG&E Corp. 
    1,453  
  10    
Pinnacle West Capital Corp. 
    314  
  39    
PPL Corp. 
    1,271  
  29    
Progress Energy, Inc. 
    1,081  
  52    
Public Service Enterprise Group, Inc. 
    1,696  
  18    
Questar Corp. 
    556  
  13    
SCANA Corp. 
    406  
  25    
Sempra Energy
    1,243  
  80    
Southern Co. 
    2,502  
  22    
TECO Energy, Inc. 
    260  
  12    
Wisconsin Energy Corp. 
    488  
  47    
Xcel Energy, Inc. 
    860  
                 
                      33,795  
                         
       
Total common stocks
(cost $1,037,285)
  $ 825,851  
                 
       
Total long-term investments
(cost $1,037,285)
  $ 825,851  
                 
                         
                         
Principal
              Market
 
Amount               Value (W)  
 
 
SHORT-TERM INVESTMENTS — 1.5%
       
Repurchase Agreements — 1.2%
       
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $8,260, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $8,403)
       
$ 8,260    
   0.01%, 6/30/2009
  $ 8,260  
       
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,550, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1,577)
       
  1,550    
   0.01%, 6/30/2009
    1,550  
                 
                      9,810  
                         
       
U.S. Treasury Bills — 0.3%
  2,900    
   0.18%, 7/16/2009 (S)(M)
    2,900  
                 
       
Total short-term investments
(cost $12,710)
  $ 12,710  
                 
       
Total investments
(cost $1,049,995) (C)
    100.0 %   $ 838,561  
       
Other assets and liabilities
    %     (69 )
                         
       
Total net assets
    100.0 %   $ 838,492  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $1,074,549 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 132,761  
Unrealized Depreciation
    (368,749 )
         
Net Unrealized Depreciation
  $ (235,988 )
         
 
(D) Currently non-income producing.
 
(M) The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.
 
(S) Security pledged as initial margin deposit for open futures contracts at June 30, 2009.
 
Futures Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Number of
      Expiration
  Appreciation/
Description
 
Contracts*
 
Position
 
Month
 
(Depreciation)
 
S&P 500 Index
    55       Long       Sep 2009     $ (271 )
                                 
 
* The number of contracts does not omit 000’s.
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
 
The accompanying notes are an integral part of these financial statements.

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FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total   Level 1   Level 2   Level 3
Assets:
Common Stocks
  $ 825,851     $ 825,851     $     $      —  
Short-Term Investments
    12,710             12,710        
                                 
Total
  $ 838,561     $ 825,851     $ 12,710     $  
                                 
Liabilities:                                
Other Financial Instruments (Q)
  $ 271     $ 271     $     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

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Hartford International Growth HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 96.5%
       
Australia — 1.3%
  124    
BHP Billiton Ltd. 
  $ 3,394  
  63    
CSL Ltd. 
    1,619  
                 
                      5,013  
                         
       
Austria — 0.9%
  55    
Andritz AG
    2,315  
  21    
OMV AG
    806  
                 
                      3,121  
                         
       
Belgium — 0.9%
  1,332    
Hansen Transmissions (D)
    3,389  
                 
       
Brazil — 2.9%
  48    
Cia Brasileira de Meios de Pagamentos (D)
    414  
  152    
Companhia Energetica de Minas Gerais
    2,039  
  234    
Itau Unibanco Banco Multiplo S.A. ADR
    3,696  
  113    
Natura Cosmeticos S.A. 
    1,470  
  75    
Petroleo Brasileiro S.A. ADR
    3,057  
                 
                      10,676  
                         
       
Canada — 2.3%
  49    
Agnico Eagle Mines Ltd. 
    2,582  
  22    
Potash Corp. of Saskatchewan, Inc. 
    2,066  
  24    
Research In Motion Ltd. (D)
    1,670  
  56    
Suncor Energy, Inc. 
    1,694  
                 
                      8,012  
                         
       
China — 3.1%
  2,136    
China Construction Bank
    1,646  
  2,524    
China Dongxiang Group Co. 
    1,689  
  1,602    
Dongfeng Motor Group Co., Ltd. 
    1,344  
  2,399    
Industrial and Commercial Bank of China
    1,662  
  25    
Shanda Interactive Entertainment Ltd. ADR (D)
    1,318  
  134    
Suntech Power Holdings Co., Ltd. ADR (D)
    2,388  
  1,880    
Zhejiang Expressway Co., Ltd. 
    1,484  
                 
                      11,531  
                         
       
Denmark — 1.4%
  48    
Carlsberg A/S Class B
    3,078  
  30    
Vestas Wind Systems A/S (D)
    2,136  
                 
                      5,214  
                         
       
Finland — 1.0%
  241    
Nokia Oyj
    3,528  
                 
       
France — 4.6%
  51    
BNP Paribas
    3,320  
  38    
Bureau Veritas S.A. 
    1,851  
  52    
Publicis Groupe
    1,605  
  64    
Renault S.A. 
    2,360  
  15    
Sanofi-Aventis S.A. 
    887  
  32    
Technip S.A. 
    1,580  
  34    
Thales S.A. 
    1,545  
  40    
Total S.A. 
    2,161  
  55    
UbiSoft Entertainment S.A. (D)
    1,351  
  6    
Vallourec
    748  
                 
                      17,408  
                         
       
Germany — 6.1%
  52    
BASF SE
    2,059  
  92    
Daimler AG
    3,327  
  18    
Deutsche Bank AG
    1,117  
  29    
Deutsche Boerse AG
    2,230  
  95    
Metro AG
    4,535  
  74    
Siemens AG
    5,149  
  10    
SMA Solar Technology AG
    700  
  118    
ThyssenKrupp AG
    2,945  
                 
                      22,062  
                         
       
Greece — 0.3%
  47    
Opap S.A. 
    1,250  
                 
       
Hong Kong — 3.3%
  2,749    
Anta Sports Products Ltd. 
    3,424  
  1,136    
Chaoda Modern Agriculture
    664  
  486    
China Merchants Holdings International Co., Ltd. 
    1,392  
  1,527    
China Zhongwang Holdings Ltd. (D)
    2,097  
  1,675    
Huabao International Holdings Ltd. 
    1,617  
  524    
Li & Fung Ltd. 
    1,399  
  111    
Sun Hung Kai Properties Ltd. 
    1,378  
                 
                      11,971  
                         
       
India — 1.5%
  40    
HDFC Bank Ltd. ADR
    4,125  
  16    
Reliance Industries GDR (I)(D)
    1,328  
                 
                      5,453  
                         
       
Indonesia — 0.4%
  4,302    
Bank Central Asia PT
    1,474  
                 
       
Ireland — 0.5%
  252    
Experian plc
    1,891  
                 
       
Israel — 2.6%
  191    
Teva Pharmaceutical Industries Ltd. ADR
    9,429  
                 
       
Japan — 11.6%
  42    
Astellas Pharma, Inc. 
    1,476  
  69    
Canon, Inc. 
    2,237  
  177    
Chiyoda Corp. 
    1,432  
  139    
Honda Motor Co., Ltd. 
    3,835  
     
Japan Tobacco, Inc. 
    1,275  
  180    
Komatsu Ltd. 
    2,771  
  19    
Kyocera Corp. 
    1,396  
  261    
Mitsubishi UFJ Financial Group, Inc. 
    1,610  
  271    
Nippon Electric Glass Co., Ltd. 
    3,030  
  159    
Panasonic Corp. 
    2,146  
  45    
Point, Inc. 
    2,424  
  4    
Rakuten, Inc. 
    2,373  
  42    
Sankyo Co., Ltd. 
    2,262  
  77    
Shionogi & Co., Ltd. 
    1,488  
  152    
Softbank Corp. 
    2,957  
  98    
Square Enix Holdings Co., Ltd. 
    2,301  
  41    
Sumitomo Mitsui Financial Group, Inc. 
    1,651  
  95    
Suzuki Motor Corp. 
    2,119  
  55    
Takeda Pharmaceutical Co., Ltd. 
    2,150  
  43    
Trend Micro, Inc. 
    1,373  
                 
                      42,306  
                         
       
Luxembourg — 1.6%
  44    
ArcelorMittal
    1,451  
  128    
ArcelorMittal ADR
    4,248  
                 
                      5,699  
                         
       
Netherlands — 5.0%
  161    
ASML Holding N.V. 
    3,484  
  378    
Koninklijke (Royal) KPN N.V. 
    5,218  
  273    
Koninklijke Ahold N.V. 
    3,153  
  215    
Qiagen N.V. (D)
    3,984  
  115    
Unilever N.V. CVA
    2,778  
                 
                      18,617  
                         
 
The accompanying notes are an integral part of these financial statements.

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                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
       
Russia — 1.9%
  37    
Mobile Telesystems OJSC ADR
  $ 1,348  
  140    
OAO Gazprom Class S ADR
    2,827  
  199    
Vimpel-Communications ADR
    2,344  
                 
                      6,519  
                         
       
South Africa — 1.0%
  171    
Impala Platinum Holdings Ltd. 
    3,793  
                 
       
Spain — 4.2%
  512    
Banco Santander Central Hispano S.A. 
    6,183  
  83    
Red Electrica Corporacion S.A. 
    3,766  
  242    
Telefonica S.A. 
    5,491  
                 
                      15,440  
                         
       
Sweden — 3.1%
  32    
Hennes & Mauritz Ab
    1,595  
  285    
Lundin Petroleum Ab (D)
    2,214  
  52    
Oriflame Cosmetics S.A. ADR
    2,280  
  114    
Swedish Match Ab
    1,854  
  391    
Telefonaktiebolaget LM Ericsson
    3,851  
                 
                      11,794  
                         
       
Switzerland — 10.6%
  100    
Credit Suisse Group AG
    4,581  
  12    
Geberit AG
    1,438  
  123    
Julius Baer Holding Ltd. 
    4,790  
  27    
Kuehne & Nagel International AG
    2,134  
  166    
Nestle S.A. 
    6,271  
  125    
Nobel Biocare Holding AG
    2,744  
  58    
Roche Holding AG
    7,924  
  24    
Schindler Holding-Part Certificates
    1,523  
  2    
SGS S.A. 
    2,177  
  18    
Sonova Holding AG
    1,453  
  9    
Swatch Group AG
    1,492  
  160    
UBS AG
    1,966  
                 
                      38,493  
                         
       
Taiwan — 1.4%
  670    
Delta Electronics, Inc. 
    1,516  
  151    
High Technology Computer Corp. 
    2,122  
  126    
MediaTek, Inc. 
    1,496  
                 
                      5,134  
                         
         
       
Turkey — 0.9%
  49    
Bim Birlesik Magazalar AS
    1,709  
  274    
Turkcell Iletisim Hizmetleri A/S
    1,514  
                 
                      3,223  
                         
       
United Kingdom — 20.8%
  104    
Admiral Group plc
    1,485  
  242    
Antofagasta
    2,354  
  1,043    
Arm Holdings plc
    2,058  
  107    
AstraZeneca plc
    4,709  
  75    
Autonomy Corp. plc (D)
    1,787  
  203    
Babcock International Group plc
    1,611  
  166    
BG Group plc
    2,790  
  275    
British American Tobacco plc
    7,591  
  419    
Burberry Group plc
    2,917  
  93    
De La Rue plc
    1,399  
  205    
Eurasian Natural Resources Corp. 
    2,214  
  190    
GlaxoSmithKline plc
    3,360  
  783    
HSBC Holding plc
    6,522  
  153    
Imperial Tobacco Group plc
    3,980  
  94    
Intertek Group plc
    1,611  
  1,090    
Kingfisher plc
    3,198  
  698    
Michael Page International plc
    2,742  
  164    
Petrofac Ltd. 
    1,806  
  131    
Reckitt Benckiser Group plc
    5,961  
  515    
Sage Group plc
    1,514  
  342    
Standard Chartered plc
    6,438  
  2,343    
Vodafone Group plc
    4,557  
  302    
Xstrata plc
    3,281  
                 
                      75,885  
                         
       
United States — 1.3%
  42    
Netease.com, Inc. (D)
    1,474  
  25    
New Oriental Education & Technology Group, Inc. ADR (D)
    1,671  
  104    
Yingli Green Energy Holdings (D)
    1,406  
                 
                      4,551  
                         
       
Total common stocks
(cost $338,745)
  $ 352,876  
                 
                         
                         
PREFERRED STOCKS — 0.3%
       
Brazil — 0.3%
  78    
Banco Itau Holding
  $ 1,222  
                 
       
Total preferred stocks
(cost $1,229)
  $ 1,222  
                 
       
Total long-term investments
(cost $339,974)
  $ 354,098  
                 
                         
                         
Principal
                 
Amount                  
 
 
SHORT-TERM INVESTMENTS — 2.0%
       
Repurchase Agreements — 2.0%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $468, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $478)
       
$ 468    
   0.09%, 6/30/2009
  $ 468  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4,313, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $4,399)
       
  4,313    
   0.05%, 6/30/2009
    4,313  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,085, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $1,106)
       
  1,085    
   0.09%, 6/30/2009
    1,085  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,625, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,657)
       
  1,625    
   0.08%, 6/30/2009
    1,625  
 
The accompanying notes are an integral part of these financial statements.

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Hartford International Growth HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
SHORT-TERM INVESTMENTS — (continued)
                         
       
Repurchase Agreements — (continued)
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1)
       
$ 1    
   0.03%, 6/30/2009
  $ 1  
                 
                      7,492  
                         
       
Total short-term investments
(cost $7,492)
  $ 7,492  
                 
       
Total investments
(cost $347,466) (C)
    98.8 %   $ 361,590  
       
Other assets and liabilities
    1.2 %     4,265  
                         
       
Total net assets
    100.0 %   $ 365,855  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 95.5% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $411,584 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 23,081  
Unrealized Depreciation
    (73,075 )
         
Net Unrealized Depreciation
  $ (49,994 )
         
 
(D) Currently non-income producing.
 
(I) Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $1,328, which represents 0.36% of total net assets.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
British Pound (Buy)
  $ 405     $ 407       07/01/09     $ (2 )
British Pound (Buy)
    559       562       07/02/09       (3 )
Euro (Buy)
    245       245       07/01/09        
Euro (Sell)
    1,792       1,796       07/01/09       4  
Euro (Sell)
    2,782       2,794       07/02/09       12  
Japanese Yen (Sell)
    1,237       1,236       07/01/09       (1 )
South African Rand (Sell)
    100       96       07/02/09       (4 )
South African Rand (Sell)
    41       40       07/03/09       (1 )
Swiss Franc (Buy)
    660       663       07/01/09       (3 )
                                 
                            $ 2  
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
Diversification by Industry
as of June 30, 2009
 
         
    Percentage of
Industry
  Net Assets
Automobiles & Components
    3.6 %
 
 
Banks
    10.8  
 
 
Capital Goods
    7.3  
 
 
Commercial & Professional Services
    3.6  
 
 
Consumer Durables & Apparel
    3.8  
 
 
Consumer Services
    0.8  
 
 
Diversified Financials
    4.0  
 
 
Energy
    5.5  
 
 
Food & Staples Retailing
    2.6  
 
 
Food, Beverage & Tobacco
    7.5  
 
 
Health Care Equipment & Services
    1.2  
 
 
Household & Personal Products
    2.6  
 
 
Insurance
    0.4  
 
 
Materials
    9.4  
 
 
Media
    0.4  
 
 
Pharmaceuticals, Biotechnology & Life Sciences
    10.1  
 
 
Real Estate
    0.4  
 
 
Retailing
    3.1  
 
 
Semiconductors & Semiconductor Equipment
    1.9  
 
 
Software & Services
    3.1  
 
 
Technology Hardware & Equipment
    5.3  
 
 
Telecommunication Services
    6.4  
 
 
Transportation
    1.4  
 
 
Utilities
    1.6  
 
 
Short-Term Investments
    2.0  
 
 
Other Assets and Liabilities
    1.2  
 
 
Total
    100.0 %
 
 
 
 
The accompanying notes are an integral part of these financial statements.

­ ­  122  ­ ­


Table of Contents

 

 


 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total   Level 1   Level 2   Level 3
Assets:
Common Stocks
  $ 352,876     $ 54,691     $ 298,185     $      —  
Preferred Stocks
    1,222             1,222        
Short-Term Investments
    7,492             7,492        
                                 
Total
  $ 361,590     $ 54,691     $ 306,899     $  
                                 
Other Financial Instruments (Q)
  $ 16     $     $ 16     $  
                                 
Liabilities:                                
Other Financial Instruments (Q)
  $ 14     $     $ 14     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                         
    Balance as of
  Transfers In
  Balance as of
    December 31,
  and/or Out of
  June 30,
    2008   Level 3   2009
Assets:
Common Stock
  $ 7,549     $ (7,549 )   $      —  
                         
Total
  $ 7,549     $ (7,549 )   $  
                         
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

Hartford International Opportunities HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 94.0%
       
Australia — 1.4%
  40    
Karoon Gas Australia Ltd. (D)
  $ 289  
  1,863    
Westfield Group
    17,055  
                 
                      17,344  
                         
       
Belgium — 0.6%
  2,277    
Fortis
    7,797  
                 
       
Brazil — 2.5%
  938    
Banco Bradesco S.A. ADR
    13,848  
  278    
Cia Brasileira de Meios de Pagamentos (D)
    2,387  
  933    
Itau Unibanco Banco Multiplo S.A. ADR
    14,768  
                 
                      31,003  
                         
       
Canada — 5.9%
  1,209    
Brookfield Asset Management, Inc. (D)
    20,683  
  56    
Canadian Natural Resources Ltd. 
    2,951  
  168    
EnCana Corp. 
    8,310  
  83    
Potash Corp. of Saskatchewan, Inc. ADR
    7,779  
  840    
Suncor Energy, Inc. 
    25,541  
  203    
Toronto-Dominion Bank
    10,508  
                 
                      75,772  
                         
       
China — 2.5%
  13,893    
Industrial and Commercial Bank of China
    9,624  
  189    
PetroChina Co. Ltd. ADR
    20,903  
                 
                      30,527  
                         
       
Denmark — 0.5%
  493    
DSV A/S
    6,110  
                 
       
France — 6.2%
  164    
BNP Paribas
    10,725  
  553    
Groupe Danone
    27,398  
  167    
L’Oreal S.A. 
    12,536  
  387    
Renault S.A. 
    14,290  
  78    
Sanofi-Aventis S.A. 
    4,611  
  136    
Total S.A. 
    7,388  
                 
                      76,948  
                         
       
Germany — 7.3%
  127    
Allianz SE
    11,693  
  645    
Daimler AG
    23,432  
  1,941    
Deutsche Post AG
    25,338  
  301    
SAP AG
    12,118  
  278    
Siemens AG
    19,246  
                 
                      91,827  
                         
       
Greece — 1.1%
  484    
National Bank of Greece
    13,417  
                 
       
Hong Kong — 4.8%
  5,043    
Cathay Pacific Airways Ltd. 
    6,918  
  1,142    
China Merchants Holdings International Co., Ltd. 
    3,271  
  2,401    
Esprit Holdings Ltd. 
    13,339  
  8,322    
Shangri-La Asia Ltd. 
    12,291  
  1,955    
Sun Hung Kai Properties Ltd. 
    24,277  
                 
                      60,096  
                         
       
Ireland — 2.6%
  1,220    
CRH plc
    27,929  
  1,025    
Ryanair Holdings plc (D)
    4,738  
                 
                      32,667  
                         
       
Israel — 2.3%
  577    
Teva Pharmaceutical Industries Ltd. ADR
    28,474  
                 
       
Japan — 12.5%
  283    
East Japan Railway Co. 
    17,014  
  282    
Eisai Co., Ltd. 
    10,013  
  1,713    
Hino Motors Ltd. 
    5,333  
  196    
Ibiden Co., Ltd. 
    5,487  
  2    
KDDI Corp. 
    11,047  
  1,359    
Mitsubishi Electric Corp. 
    8,589  
  3,721    
Mitsubishi UFJ Financial Group, Inc. 
    22,973  
  519    
NGK Spark Plug Co., Ltd. 
    4,955  
  158    
Nidec Corp. 
    9,593  
  21    
Nintendo Co., Ltd. 
    5,729  
  230    
Nippon Telegraph & Telephone Corp. 
    9,379  
  1,117    
Nomura Holdings, Inc. 
    9,428  
  67    
Osaka Titanium Technologies
    2,462  
  186    
Secom Co., Ltd. 
    7,553  
  407    
Softbank Corp. 
    7,932  
  462    
Sumitomo Mitsui Financial Group, Inc. 
    18,703  
  149    
Toho Titanium Co., Ltd. 
    2,547  
                 
                      158,737  
                         
       
Mexico — 0.8%
  148    
America Movil S.A.B. de C.V. ADR
    5,742  
  368    
Cemex S.A. de C.V. ADR (D)
    3,434  
                 
                      9,176  
                         
       
Netherlands — 2.6%
  304    
ING Groep N.V. 
    3,084  
  2,102    
Koninklijke (Royal) KPN N.V. 
    29,008  
                 
                      32,092  
                         
       
Russia — 0.9%
  590    
Mechel ADR
    4,926  
  161    
Mobile Telesystems OJSC ADR
    5,935  
                 
                      10,861  
                         
       
South Africa — 2.0%
  148    
Anglo American Platinum Co., Ltd. 
    10,494  
  666    
Impala Platinum Holdings Ltd. 
    14,741  
                 
                      25,235  
                         
       
South Korea — 0.9%
  24    
Samsung Electronics Co., Ltd. 
    11,198  
                 
       
Spain — 4.8%
  2,177    
Banco Santander Central Hispano S.A. 
    26,311  
  756    
Enagas
    14,926  
  57    
Industria de Diseno Textil S.A. 
    2,764  
  361    
Red Electrica Corporacion S.A. 
    16,369  
                 
                      60,370  
                         
       
Switzerland — 7.5%
  327    
Julius Baer Holding Ltd. 
    12,722  
  712    
Nestle S.A. 
    26,880  
  92    
Roche Holding AG
    12,542  
  151    
Synthes, Inc. 
    14,608  
  2,218    
UBS AG
    27,231  
                 
                      93,983  
                         
       
Taiwan — 1.1%
  642    
High Technology Computer Corp. 
    9,027  
  1,677    
Hon Hai Precision Industry Co., Ltd. 
    5,142  
                 
                      14,169  
                         
       
United Kingdom — 22.9%
  140    
Anglo American plc
    4,107  
  381    
AstraZeneca plc
    16,793  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
United Kingdom — (continued)
  3,631    
BAE Systems plc
  $ 20,291  
  1,740    
Barclays Bank plc
    8,084  
  1,148    
BG Group plc
    19,333  
  4,336    
BP plc
    34,264  
  5,602    
HSBC Holding plc
    46,673  
  1,182    
Imperial Tobacco Group plc
    30,760  
  1,205    
National Grid plc
    10,874  
  482    
Rio Tinto plc
    16,699  
  253    
Rio Tinto plc Rights
    2,907  
  339    
SABMiller plc
    6,915  
  2,562    
Tesco plc
    14,962  
  6,523    
Vodafone Group plc
    12,687  
  196    
Wolseley plc
    3,759  
  2,290    
WPP plc
    15,226  
  2,170    
Xstrata plc
    23,590  
                 
                      287,924  
                         
       
United States — 0.3%
  164    
Frontline Ltd. 
    3,983  
                 
       
Total common stocks
(cost $1,157,919)
  $ 1,179,710  
                 
                         
                         
EXCHANGE TRADED FUNDS — 2.8%
       
United States — 2.8%
  404    
iShares MSCI EAFE Index Fund
  $ 18,502  
  353    
iShares MSCI Emerging Markets Index Fund
    11,371  
  184    
iShares S&P Eur 350
    5,776  
                 
       
Total exchange traded funds
(cost $32,795)
  $ 35,649  
                 
       
Total long-term investments
(cost $1,190,714)
  $ 1,215,359  
                 
                         
                         
Principal
                 
Amount                  
 
 
SHORT-TERM INVESTMENTS — 3.4%
       
Repurchase Agreements — 3.4%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,685, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $2,739)
       
$ 2,685    
   0.09%, 6/30/2009
  $ 2,685  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $24,721, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $25,215)
       
  24,721    
   0.05%, 6/30/2009
    24,721  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $6,216, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $6,341)
       
  6,216    
   0.09%, 6/30/2009
    6,216  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,313, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $9,499)
       
  9,313    
   0.08%, 6/30/2009
    9,313  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $8, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $8)
       
  8    
   0.03%, 6/30/2009
    8  
                 
                      42,943  
                         
       
Total short-term investments
(cost $42,943)
  $ 42,943  
                 
       
Total investments
(cost $1,233,657) (C)
    100.2 %   $ 1,258,302  
       
Other assets and liabilities
    (0.2 )%     (2,934 )
                         
       
Total net assets
    100.0 %   $ 1,255,368  
                         
 
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 93.7% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $1,290,565 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 94,960  
Unrealized Depreciation
    (127,223 )
         
Net Unrealized Depreciation
  $ (32,263 )
         
 
(D) Currently non-income producing.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
British Pound (Buy)
  $ 3,828     $ 3,842       07/01/09     $ (14 )
Canadian Dollar (Buy)
    1,237       1,249       07/02/09       (12 )
Canadian Dollar (Buy)
    2,496       2,499       07/06/09       (3 )
Euro (Sell)
    2,787       2,797       07/01/09       10  
Euro (Sell)
    2,673       2,684       07/02/09       11  
Euro (Sell)
    6,289       6,287       07/02/09       (2 )
Euro (Sell)
    5,308       5,306       07/06/09       (2 )
Hong Kong Dollar (Buy)
    1,259       1,259       07/02/09        
Swiss Franc (Buy)
    1,855       1,858       07/01/09       (3 )
Swiss Franc (Buy)
    8,743       8,753       07/02/09       (10 )
                                 
                            $ (25 )
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford International Opportunities HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
Diversification by Industry
as of June 30, 2009
 
         
    Percentage of
Industry
  Net Assets
Automobiles & Components
    3.4  
 
 
Banks
    15.6  
 
 
Capital Goods
    4.5  
 
 
Commercial & Professional Services
    0.6  
 
 
Consumer Durables & Apparel
    1.6  
 
 
Consumer Services
    1.0  
 
 
Diversified Financials
    6.1  
 
 
Energy
    9.8  
 
 
Food & Staples Retailing
    1.2  
 
 
Food, Beverage & Tobacco
    7.3  
 
 
Health Care Equipment & Services
    1.2  
 
 
Household & Personal Products
    1.0  
 
 
Insurance
    0.9  
 
 
Materials
    9.7  
 
 
Media
    1.2  
 
 
Other Investment Pools and Funds
    1.5  
 
 
Pharmaceuticals, Biotechnology & Life Sciences
    5.8  
 
 
Real Estate
    3.3  
 
 
Retailing
    1.3  
 
 
Semiconductors & Semiconductor Equipment
    0.9  
 
 
Software & Services
    1.6  
 
 
Technology Hardware & Equipment
    2.3  
 
 
Telecommunication Services
    6.6  
 
 
Transportation
    5.0  
 
 
Utilities
    3.4  
 
 
Short-Term Investments
    3.4  
 
 
Other Assets and Liabilities
    (0.2 )
 
 
Total
    100.0 %
 
 
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total   Level 1   Level 2   Level 3
Assets:
Common Stocks
  $ 1,179,710     $ 199,778     $ 979,932     $      —  
Exchange Traded Funds
    35,649       35,649              
Short-Term Investments
    42,943             42,943        
                                 
Total
  $ 1,258,302     $ 235,427     $ 1,022,875     $  
                                 
Other Financial Instruments (Q)
  $ 21     $     $ 21     $  
                                 
Liabilities:                                
Other Financial Instruments (Q)
  $ 46     $     $ 46     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                         
    Balance as of
  Transfers In
  Balance as of
    December 31,
  and/or Out of
  June 30,
    2008   Level 3   2009
Assets:
Common Stock
  $ 58,546     $ (58,546 )   $      —  
                         
Total
  $ 58,546     $ (58,546 )   $  
                         
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

Hartford International Small Company HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 96.5%
       
Australia — 8.1%
  314    
AJ Lucas Group Ltd. 
  $ 801  
  312    
Aquarius Platinum Ltd. 
    1,200  
  257    
Ausenco Ltd. 
    836  
  197    
Bendigo and Adelaide Bank Ltd. 
    1,102  
  179    
Brambles Ltd. 
    856  
  82    
Campbell Brothers
    1,362  
  886    
Incitec Pivot Ltd. 
    1,687  
  317    
Karoon Gas Australia Ltd. (D)
    2,310  
  103    
NuFarm Ltd. 
    763  
  67    
Sims Metal Management Ltd. 
    1,387  
  430    
Whitehaven Coal Ltd. 
    1,082  
  35    
Worleyparsons Ltd. 
    665  
                 
                      14,051  
                         
       
Belgium — 1.5%
  18    
CFE
    715  
  6    
D’ieteren S.A. 
    1,252  
  29    
Umicore
    665  
                 
                      2,632  
                         
       
Brazil — 1.8%
  68    
GVT Holding S.A. (D)
    1,124  
  62    
Hypermarcas S.A. (D)
    763  
  115    
Lojas Americanas S.A. 
    535  
     
Lupatech S.A. — Rights (H)(A)
     
  65    
Natura Cosmeticos S.A. 
    848  
                 
                      3,270  
                         
       
Canada — 0.5%
  17    
First Quantum Minerals Ltd. 
    823  
                 
       
Cayman Islands — 0.7%
  389    
Li Ning Co., Ltd. 
    1,141  
                 
       
China — 0.7%
  310    
361 Degrees International Ltd. (D)
    156  
  35    
Perfect World Co., Ltd. ADR (D)
    987  
                 
                      1,143  
                         
       
Finland — 2.0%
  37    
Kone Oyj Class B
    1,132  
  73    
Nokian Rendaat Oyj
    1,382  
  48    
Outotec Oyj
    1,132  
                 
                      3,646  
                         
       
France — 10.6%
  25    
April Group
    832  
  14    
BioMerieux S.A. 
    1,207  
  39    
Bureau Veritas S.A. 
    1,930  
  30    
Eurofins Scientific
    1,762  
  6    
Guerbet S.A. 
    875  
  19    
Imerys S.A. (D)
    791  
  4    
Imerys S.A. — New (D)
    144  
  57    
Klepierre
    1,475  
  40    
Maurel ET Prom
    684  
  21    
Orpea (D)
    939  
  51    
Scor SE
    1,045  
  19    
Seche Environment
    1,073  
  59    
Sechilienne S.A. 
    2,068  
  10    
Vallourec
    1,181  
  19    
Vilmorin & Cie
    1,827  
  10    
Virbac S.A. 
    834  
                 
                      18,667  
                         
       
Germany — 4.2%
  94    
ElringKlinger AG
    1,566  
  18    
Hochtief AG
    907  
  118    
Kontron AG
    1,519  
  85    
Praktiker Bau-Und Heimwerkermaerkte Holding AG
    827  
  19    
Salzgitter AG
    1,659  
  7    
Vossloh AG
    836  
                 
                      7,314  
                         
       
Guernsey Channel Isle — 0.5%
  416    
London & Stamford Property Ltd. 
    807  
                 
       
Hong Kong — 2.9%
  317    
ASM Pacific Technology
    1,619  
  450    
China High Speed Transmission
    892  
  1,271    
Noble Group Ltd. 
    1,584  
  2,808    
Sa Sa International Holdings Ltd. 
    1,051  
                 
                      5,146  
                         
       
India — 0.1%
  2    
Educomp Solutions Ltd. (D)
    151  
                 
       
Indonesia — 0.5%
  1,412    
PT Bank Rakyat Indonesia
    865  
                 
       
Israel — 0.5%
  350    
Bank Hapoalim B.M. (D)
    927  
                 
       
Italy — 2.3%
  96    
Bulgari S.p.A. 
    515  
  58    
DiaSorin S.p.A. 
    1,452  
  63    
Finmeccanica S.p.A. 
    893  
  647    
Immobiliare Grande Distribuzione
    1,132  
                 
                      3,992  
                         
       
Japan — 25.6%
  82    
Aeon Delight Co., Ltd. 
    1,331  
  171    
Asics Corp. 
    1,559  
  233    
Bank of Yokohama Ltd. 
    1,247  
  17    
Benesse Corp. 
    694  
  48    
Capcom Co., Ltd. 
    863  
  1    
Cyberagent, Inc. 
    974  
  1    
EPS Co., Ltd. 
    1,924  
  38    
FamilyMart Co., Ltd. 
    1,191  
  79    
Hitachi Metals Ltd. 
    673  
  46    
Ibiden Co., Ltd. 
    1,295  
  51    
Jafco Co., Ltd. 
    1,726  
  2    
Jupiter Telecommunications Co., Ltd. 
    1,344  
  22    
Kobayashi Pharmaceutical Co., Ltd. 
    848  
  64    
Mandom Corp. 
    1,453  
  97    
Modec, Inc. 
    1,702  
  53    
Moshi Moshi Hotline, Inc. 
    1,090  
  129    
Nabtesco Corp. 
    1,272  
  20    
Nidec Corp. 
    1,242  
  175    
Nippon Carbon Co., Ltd. 
    488  
  94    
Nippon Denko Co., Ltd. 
    625  
  55    
Nippon Electric Glass Co., Ltd. 
    615  
  6    
OBIC Co., Ltd. 
    1,035  
     
Osaka Securities Exchange Co., Ltd. 
    1,963  
  29    
Point, Inc. 
    1,584  
  113    
Securities Carbon Ltd. 
    832  
     
Seven Bank Ltd. 
    640  
  189    
Shinko Plantech Co., Ltd. 
    1,495  
  158    
Shionogi & Co., Ltd. 
    3,049  
  127    
Square Enix Holdings Co., Ltd. 
    2,973  
  40    
Sugi Holdings Co., Ltd. 
    829  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford International Small Company HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Japan — (continued)
  59    
Sundrug Co., Ltd. 
  $ 1,304  
  131    
Taiyo Nippon Sanso Corp. 
    1,252  
  66    
Tokyo Ohka Kogyo Co., Ltd. 
    1,266  
  256    
Toyo Engineering Corp. 
    865  
  84    
Toyota Boshoku Corp. 
    1,245  
                 
                      44,488  
                         
       
Jersey — 0.7%
  19    
Rangold Resources Ltd. 
    1,193  
                 
       
Netherlands — 0.5%
  15    
Smit International N.V. 
    881  
                 
       
Norway — 1.6%
  226    
Kongsberg Gruppen ASA
    2,781  
                 
       
Russia — 0.6%
  19    
Wimm-Bill-Dann Foods (D)
    1,028  
                 
       
Singapore — 0.8%
  1,099    
Goodpack Ltd. 
    692  
  508    
Hyflux Ltd. 
    769  
                 
                      1,461  
                         
       
South Korea — 3.0%
  14    
GS Engineering & Construction Corp. 
    797  
  47    
Korea Plant Service & Engineering Co., Ltd. (D)
    1,229  
  7    
Megastudy Co., Ltd. 
    1,307  
  19    
Mirae Asset Securities Co., Ltd. 
    1,050  
  6    
OCI Co., Ltd. 
    1,001  
                 
                      5,384  
                         
       
Spain — 0.5%
  50    
Grifols S.A. 
    894  
                 
       
Sweden — 2.6%
  81    
Bjoern Borg AB
    600  
  137    
Lundin Petroleum Ab (D)
    1,062  
  91    
Sweco Ab
    459  
  153    
Swedish Match Ab
    2,495  
                 
                      4,616  
                         
       
Switzerland — 8.4%
  15    
Bachem Holding AG Class B
    943  
  139    
Dufry Group
    5,340  
  58    
Logitech International S.A. (D)
    805  
  18    
Panalpina Welttransport Holding AG
    1,321  
  101    
Paris RE Holdings Ltd. 
    1,636  
  132    
Temenos Group AG (D)
    2,249  
  7    
Valiant Holding AG
    1,316  
  1    
Vetropack Holding
    841  
                 
                      14,451  
                         
       
United Kingdom — 15.3%
  83    
AMEC plc
    896  
  580    
Arm Holdings plc
    1,145  
  190    
Babcock International Group plc
    1,507  
  351    
Brown(N) Group plc
    1,242  
  164    
Catlin Group Ltd. 
    869  
  50    
Chemring Group plc
    1,803  
  409    
Clapham House Group plc (D)
    478  
  61    
Close Brothers Group plc
    657  
  145    
Connaught plc
    899  
  310    
Domino’s Pizza UK & IRL plc
    1,052  
  952    
Hampson Industries plc
    1,066  
  619    
Hansteen Holdings plc
    806  
  619    
Hansteen Holdings plc — Open Offer (H)
    41  
  220    
ICAP plc
    1,642  
  111    
James Fisher & Sons plc
    752  
  39    
Johnson Matthey plc
    737  
  170    
Lancashire Holdings Ltd. (D)
    1,305  
  310    
Mears Group plc
    1,158  
  338    
Resolution plc (D)
    495  
  158    
Rightmove
    916  
  74    
Rotork plc
    1,010  
  132    
SSL International plc
    1,126  
  88    
Ultra Electronics Holdings plc
    1,578  
  43    
Vedanta Resources plc
    913  
  186    
VT Group plc
    1,387  
  98    
Wellstream Holdings plc
    828  
                 
                      26,308  
                         
       
Total common stocks
(cost $166,786)
  $ 168,060  
                 
       
Total long-term investments
(cost $166,786)
  $ 168,060  
                 
                         
                         
Principal
                 
Amount                  
 
SHORT-TERM INVESTMENTS — 3.3%
       
Repurchase Agreements — 3.3%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $356, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $363)
       
$ 356    
   0.09%, 6/30/2009
  $ 356  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,281, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $3,346)
       
  3,281    
   0.05%, 6/30/2009
    3,281  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $825, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $841)
       
  825    
   0.09%, 6/30/2009
    825  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,236, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,261)
       
  1,236    
   0.08%, 6/30/2009
    1,236  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1)
       
  1    
   0.03%, 6/30/2009
    1  
                 
                      5,699  
                         
       
Total short-term investments
(cost $5,699)
  $ 5,699  
                 
       
Total investments
(cost $172,485) (C)
    99.8 %   $ 173,759  
       
Other assets and liabilities
    0.2 %     380  
                         
       
Total net assets
    100.0 %   $ 174,139  
                         
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 96.5% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $174,683 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 17,905  
Unrealized Depreciation
    (18,829 )
         
Net Unrealized Depreciation
  $ (924 )
         
 
(A) The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $ — , which represents 0.00% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.
 
(D) Currently non-income producing.
 
(H) The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.
 
                     
Period
  Shares/
       
Acquired
 
Par
  Security  
Cost Basis
06/2009     619     Hansteen Holdings plc — Open Offer   $  
06/2009         Lupatech S.A. — Rights      
 
The aggregate value of these securities at June 30, 2009 was $41 which represents 0.02% of total net assets.
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
Australian Dollar (Sell)
  $ 1,004     $ 1,002       07/02/09     $ (2 )
British Pound (Buy)
    211       213       07/01/09       (2 )
British Pound (Buy)
    57       57       07/02/09        
Euro (Sell)
    919       922       07/01/09       3  
Euro (Buy)
    176       177       07/02/09       (1 )
Hong Kong Dollar (Buy)
    249       249       07/02/09        
Japanese Yen (Sell)
    137       138       07/01/09       1  
Japanese Yen (Buy)
    732       736       07/02/09       (4 )
Swedish Krona (Sell)
    59       59       07/02/09        
                            $ (5 )
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
Diversification by Industry
as of June 30, 2009
 
         
    Percentage of
Industry
  Net Assets
Automobiles & Components
    2.4 %
 
 
Banks
    3.5  
 
 
Capital Goods
    13.9  
 
 
Commercial & Professional Services
    7.2  
 
 
Consumer Durables & Apparel
    2.2  
 
 
Consumer Services
    2.1  
 
 
Diversified Financials
    4.3  
 
 
Energy
    6.6  
 
 
Food & Staples Retailing
    1.9  
 
 
Food, Beverage & Tobacco
    3.0  
 
 
Health Care Equipment & Services
    3.2  
 
 
Household & Personal Products
    2.2  
 
 
Insurance
    3.3  
 
 
Materials
    10.1  
 
 
Media
    1.9  
 
 
Pharmaceuticals, Biotechnology & Life Sciences
    5.4  
 
 
Real Estate
    2.5  
 
 
Retailing
    6.8  
 
 
Semiconductors & Semiconductor Equipment
    2.5  
 
 
Software & Services
    4.7  
 
 
Technology Hardware & Equipment
    2.9  
 
 
Telecommunication Services
    0.6 %
 
 
Transportation
    1.7  
 
 
Utilities
    1.6  
 
 
Short-Term Investments
    3.3  
 
 
Other Assets and Liabilities
    0.2  
 
 
Total
    100.0 %
 
 
 
 
The accompanying notes are an integral part of these financial statements.

­ ­  129  ­ ­


Table of Contents

 
Hartford International Small Company HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
 
Assets:
                               
Common Stocks
  $ 168,060     $ 5,585     $ 162,475     $      —  
Short-Term Investments
    5,699             5,699        
                                 
Total
  $ 173,759     $ 5,585     $ 168,174     $  
                                 
Other Financial Instruments (Q)
  $ 4     $     $ 4     $  
                                 
Liabilities:                                
Other Financial Instruments (Q)
  $ 9     $     $ 9     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

­ ­  130  ­ ­


Table of Contents

Hartford LargeCap Growth HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 98.7%
       
Capital Goods — 5.6%
  7    
3M Co. 
  $ 409  
  11    
AMETEK, Inc. 
    370  
  9    
Danaher Corp. 
    574  
  10    
Donaldson Co., Inc. 
    357  
  13    
Emerson Electric Co. 
    435  
  23    
Graco, Inc. 
    513  
  14    
Honeywell International, Inc. 
    440  
  6    
Lockheed Martin Corp. 
    490  
  6    
Roper Industries, Inc. 
    258  
  11    
Thomas & Betts Corp. (D)
    326  
  20    
TransDigm Group, Inc. (D)
    735  
  14    
United Technologies Corp. 
    701  
                 
                      5,608  
                         
       
Commercial & Professional Services — 0.9%
  7    
Dun & Bradstreet Corp. 
    585  
  9    
Iron Mountain, Inc. (D)
    253  
                 
                      838  
                         
       
Consumer Durables & Apparel — 0.3%
  13    
Coach, Inc. 
    336  
                 
       
Consumer Services — 7.2%
  10    
Apollo Group, Inc. Class A (D)
    726  
  19    
Brinker International, Inc. 
    330  
  10    
Brinks Home Security Holding (D)
    275  
  3    
Chipotle Mexican Grill, Inc. (D)
    272  
  14    
Choice Hotels International, Inc. 
    370  
  14    
Darden Restaurants, Inc. 
    465  
  6    
DeVry, Inc. 
    315  
  23    
Hillenbrand, Inc. 
    379  
  8    
ITT Educational Services, Inc. (D)
    825  
  16    
McDonald’s Corp. 
    914  
  10    
Panera Bread Co. Class A (D)
    509  
  3    
Strayer Education, Inc. 
    613  
  20    
WMS Industries, Inc. (D)
    636  
  20    
Yum! Brands, Inc. 
    664  
                 
                      7,293  
                         
       
Diversified Financials — 4.2%
  20    
Charles Schwab Corp. 
    356  
  19    
Eaton Vance Corp. 
    513  
  12    
Federated Investors, Inc. 
    299  
  6    
Franklin Resources, Inc. 
    396  
  26    
Moody’s Corp. 
    690  
  12    
Morgan Stanley
    351  
  17    
MSCI, Inc. (D)
    413  
  23    
SEI Investments Co. 
    407  
  6    
T. Rowe Price Group, Inc. 
    262  
  18    
Waddell and Reed Financial, Inc. Class A
    483  
                 
                      4,170  
                         
       
Energy — 2.7%
  10    
Dresser-Rand Group, Inc. (D)
    256  
  15    
Exxon Mobil Corp. 
    1,026  
  31    
Holly Corp. 
    552  
  26    
Patterson-UTI Energy, Inc. 
    337  
  43    
Tesoro Corp. 
    550  
                 
                      2,721  
                         
       
Food & Staples Retailing — 1.8%
  12    
CVS/Caremark Corp. 
    395  
  20    
Kroger Co. 
    434  
  21    
Wal-Mart Stores, Inc. 
    1,025  
                 
                      1,854  
                         
       
Food, Beverage & Tobacco — 6.0%
  19    
Altria Group, Inc. 
    305  
  10    
Archer Daniels Midland Co. 
    276  
  7    
Brown-Forman Corp. 
    301  
  21    
Coca-Cola Co. 
    1,027  
  9    
General Mills, Inc. 
    482  
  19    
H.J. Heinz Co. 
    686  
  9    
Hansen National Corp. (D)
    290  
  6    
Kellogg Co. 
    274  
  15    
Molson Coors Brewing Co. 
    614  
  14    
PepsiCo, Inc. 
    756  
  23    
Philip Morris International, Inc. 
    1,012  
                 
                      6,023  
                         
       
Health Care Equipment & Services — 8.5%
  43    
Allscripts Misys Healthcare Solution
    684  
  23    
Amerisource Bergen Corp. 
    401  
  5    
Bard (C.R.), Inc. 
    361  
  11    
Baxter International, Inc. 
    561  
  7    
Becton, Dickinson & Co. 
    471  
  7    
Cerner Corp. (D)
    411  
  16    
Coventry Health Care, Inc. (D)
    307  
  13    
Express Scripts, Inc. (D)
    873  
  8    
Henry Schein, Inc. (D)
    374  
  20    
Hospira, Inc. (D)
    786  
  6    
IDEXX Laboratories, Inc. (D)
    296  
  10    
McKesson Corp. 
    449  
  17    
Medco Health Solutions, Inc. (D)
    793  
  20    
Medtronic, Inc. 
    699  
  7    
Quest Diagnostics, Inc. 
    367  
  11    
St. Jude Medical, Inc. (D)
    449  
  6    
Teleflex, Inc. 
    269  
                 
                      8,551  
                         
       
Household & Personal Products — 4.8%
  22    
Alberto-Culver Co. 
    557  
  7    
Church & Dwight Co., Inc. 
    386  
  13    
Colgate-Palmolive Co. 
    920  
  16    
Herbalife Ltd. 
    495  
  14    
Mead Johnson Nutrition Co. 
    435  
  40    
Procter & Gamble Co. 
    2,033  
                 
                      4,826  
                         
       
Insurance — 0.3%
  13    
Brown & Brown, Inc. 
    259  
                 
       
Materials — 5.2%
  4    
CF Industries Holdings, Inc. 
    319  
  12    
Compass Minerals Group, Inc. 
    670  
  12    
Crown Holdings, Inc. (D)
    292  
  8    
FMC Corp. 
    364  
  10    
Monsanto Co. 
    723  
  15    
Mosaic Co. 
    648  
  10    
Owens-Illinois, Inc. (D)
    275  
  5    
Praxair, Inc. 
    320  
  13    
Scotts Miracle-Gro Co. Class A
    442  
  8    
Sigma-Aldrich Corp. 
    401  
  30    
Terra Industries, Inc. 
    715  
                 
                      5,169  
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  131  ­ ­


Table of Contents

 
Hartford LargeCap Growth HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
       
Media — 2.5%
  20    
Comcast Corp. Class A
  $ 287  
  33    
Discovery Communications, Inc. (D)
    680  
  17    
Marvel Entertainment, Inc. (D)
    616  
  11    
McGraw-Hill Cos., Inc. 
    325  
  11    
Scripps Networks Interactive Class A
    306  
  43    
Warner Music Group Corp. (D)
    251  
                 
                      2,465  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 9.3%
  23    
Abbott Laboratories
    1,059  
  6    
Allergan, Inc. 
    290  
  13    
Amgen, Inc. (D)
    699  
  9    
Biogen Idec, Inc. (D)
    388  
  28    
Bristol-Myers Squibb Co. 
    577  
  16    
Eli Lilly & Co. 
    544  
  10    
Gilead Sciences, Inc. (D)
    478  
  37    
Johnson & Johnson
    2,080  
  17    
Merck & Co., Inc. 
    483  
  6    
Millipore Corp. (D)
    449  
  64    
Mylan, Inc. (D)
    838  
  20    
OSI Pharmaceuticals, Inc. (D)
    553  
  11    
Perrigo Co. 
    314  
  15    
Pharmaceutical Product Development, Inc. 
    337  
  7    
Waters Corp. (D)
    350  
                 
                      9,439  
                         
       
Retailing — 8.9%
  11    
Advance Automotive Parts, Inc. 
    473  
  24    
Aeropostale, Inc. (D)
    805  
  9    
Amazon.com, Inc. (D)
    720  
  17    
AutoNation, Inc. (D)
    286  
  2    
AutoZone, Inc. (D)
    348  
  13    
Bed Bath & Beyond, Inc. (D)
    412  
  10    
Best Buy Co., Inc. 
    345  
  29    
Chico’s FAS, Inc. (D)
    285  
  12    
Dollar Tree, Inc. (D)
    513  
  17    
Gap, Inc. 
    271  
  15    
Home Depot, Inc. 
    342  
  9    
Kohl’s Corp. (D)
    385  
  15    
Lowe’s Co., Inc. 
    299  
  22    
Netflix, Inc. (D)
    901  
  17    
Penske Automotive Group, Inc. 
    288  
  19    
PetSmart, Inc. 
    404  
  5    
Priceline.com, Inc. (D)
    552  
  18    
RadioShack Corp. 
    247  
  8    
Ross Stores, Inc. 
    301  
  7    
Sherwin-Williams Co. 
    355  
  10    
Target Corp. 
    383  
                 
                      8,915  
                         
       
Semiconductors & Semiconductor Equipment — 3.5%
  35    
Altera Corp. 
    568  
  12    
Analog Devices, Inc. 
    287  
  19    
Cree, Inc. (D)
    561  
  38    
Intel Corp. 
    622  
  12    
Linear Technology Corp. 
    287  
  21    
Marvell Technology Group Ltd. (D)
    247  
  18    
Varian Semiconductor Equipment Associates, Inc. (D)
    442  
  23    
Xilinx, Inc. 
    479  
                 
                      3,493  
                         
       
Software & Services — 13.5%
  63    
Activision Blizzard, Inc. (D)
    795  
  15    
Adobe Systems, Inc. (D)
    424  
  27    
Autodesk, Inc. (D)
    505  
  12    
Automatic Data Processing, Inc. 
    432  
  31    
Broadridge Financial Solutions, Inc. 
    516  
  28    
Cognizant Technology Solutions Corp. (D)
    734  
  10    
Factset Research Systems, Inc. 
    474  
  5    
Google, Inc. (D)
    1,984  
  12    
Hewitt Associates, Inc. (D)
    342  
  15    
Intuit, Inc. (D)
    434  
  2    
Mastercard, Inc. 
    341  
  8    
McAfee, Inc. (D)
    354  
  112    
Microsoft Corp. 
    2,672  
  53    
Oracle Corp. 
    1,144  
  18    
Paychex, Inc. 
    459  
  24    
Red Hat, Inc. (D)
    479  
  12    
Sohu.com, Inc. (D)
    748  
  31    
Western Union Co. 
    503  
  17    
Yahoo!, Inc. (D)
    271  
                 
                      13,611  
                         
       
Technology Hardware & Equipment — 11.7%
  14    
Amphenol Corp. Class A
    453  
  14    
Apple, Inc. (D)
    1,965  
  82    
Cisco Systems, Inc. (D)
    1,534  
  29    
Corning, Inc. 
    469  
  37    
Dell, Inc. (D)
    514  
  12    
Dolby Laboratories, Inc. Class A (D)
    447  
  22    
EMC Corp. (D)
    292  
  15    
Hewlett-Packard Co. 
    578  
  17    
IBM Corp. 
    1,767  
  23    
Juniper Networks, Inc. (D)
    536  
  23    
QLogic Corp. (D)
    287  
  29    
Qualcomm, Inc. 
    1,330  
  12    
Teradata Corp. (D)
    274  
  38    
Western Digital Corp. (D)
    1,007  
  14    
Zebra Technologies Corp. Class A (D)
    336  
                 
                      11,789  
                         
       
Transportation — 0.3%
  6    
C.H. Robinson Worldwide, Inc. 
    297  
                 
       
Utilities — 1.5%
  36    
AES Corp. (D)
    418  
  57    
CenterPoint Energy, Inc. 
    631  
  20    
Constellation Energy Group, Inc. 
    534  
                 
                      1,583  
                         
       
Total common stocks
(cost $97,919)
  $ 99,240  
                 
                         
                         
EXCHANGE TRADED FUNDS — 0.1%
       
Other Investment Pools and Funds — 0.1%
  3    
iShares Russell 1000
  $ 115  
                 
       
Total exchange traded funds
(cost $129)
  $ 115  
                 
       
Total long-term investments
(cost $98,048)
  $ 99,355  
                 
                         
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  132  ­ ­


Table of Contents

 

 


 
                         
Principal
              Market
 
Amount               Value (W)  
 
 
SHORT-TERM INVESTMENTS — 1.5%
       
Repurchase Agreements — 1.2%
       
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $982, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $999)
       
$ 982    
   0.01%, 6/30/2009
  $ 982  
       
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $184, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $187)
       
  184    
   0.01%, 6/30/2009
    184  
                 
                      1,166  
                         
       
U.S. Treasury Bills — 0.3%
  376    
   0.13%, 7/16/2009 (S)(M)
    376  
                 
       
Total short-term investments
(cost $1,542)
  $ 1,542  
                 
       
Total investments
(cost $99,590) (C)
    100.3 %   $ 100,897  
       
Other assets and liabilities
    (0.3 )%     (308 )
                         
       
Total net assets
    100.0 %   $ 100,589  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 0.7% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $100,238 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 5,411  
Unrealized Depreciation
    (4,752 )
         
Net Unrealized Appreciation
  $ 659  
         
 
(D) Currently non-income producing.
 
(M) The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.
 
(S) Security pledged as initial margin deposit for open futures contracts at June 30, 2009.
 
Futures Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Number of
      Expiration
  Appreciation/
Description
 
Contracts*
 
Position
 
Month
 
(Depreciation)
 
S&P 500 Mini
    21       Long       Sep 2009     $ (12 )
                                 
 
* The number of contracts does not omit 000’s.
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
   
Total
 
Level 1
 
Level 2
 
Level 3
 
Assets:
                               
Common Stocks
  $ 99,240     $ 99,240     $     $      —  
Exchange Traded Funds
    115       115              
Short-Term Investments
    1,542             1,542        
                                 
Total
  $ 100,897     $ 99,355     $ 1,542     $  
                                 
Liabilities:
                               
Other Financial Instruments (Q)
  $ 12     $ 12     $     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

­ ­  133  ­ ­


Table of Contents

Hartford MidCap HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 97.4%
       
Banks — 3.7%
  5,207    
Huntington Bancshares, Inc. 
  $ 21,767  
  244    
M&T Bank Corp. 
    12,413  
  403    
PNC Financial Services Group, Inc. 
    15,646  
  937    
SunTrust Banks, Inc. 
    15,414  
                 
                      65,240  
                         
       
Capital Goods — 9.0%
  619    
AMETEK, Inc. 
    21,408  
  883    
BE Aerospace, Inc. (D)
    12,674  
  281    
Carlisle Cos., Inc. 
    6,751  
  386    
Illinois Tool Works, Inc. 
    14,424  
  376    
Kennametal, Inc. 
    7,210  
  823    
Lennox International, Inc. 
    26,410  
  788    
Masco Corp. 
    7,545  
  967    
PACCAR, Inc. 
    31,441  
  337    
Parker-Hannifin Corp. 
    14,477  
  242    
Precision Castparts Corp. 
    17,688  
                 
                      160,028  
                         
       
Commercial & Professional Services — 2.2%
  179    
Dun & Bradstreet Corp. 
    14,545  
  126    
Herman Miller, Inc. 
    1,933  
  200    
HNI Corp. 
    3,612  
  805    
Republic Services, Inc. 
    19,661  
                 
                      39,751  
                         
       
Consumer Durables & Apparel — 2.1%
  1,571    
Mattel, Inc. 
    25,215  
  26    
NVR, Inc. (D)
    13,012  
                 
                      38,227  
                         
       
Consumer Services — 5.1%
  341    
Apollo Group, Inc. Class A (D)
    24,273  
  563    
Corinthian Colleges, Inc. (D)
    9,532  
  223    
DeVry, Inc. 
    11,174  
  213    
ITT Educational Services, Inc. (D)
    21,461  
  456    
Scientific Games Corp. Class A (D)
    7,192  
  77    
Strayer Education, Inc. 
    16,838  
                 
                      90,470  
                         
       
Diversified Financials — 0.5%
  49    
BlackRock, Inc. 
    8,578  
                 
       
Energy — 7.4%
  890    
Denbury Resources, Inc. (D)
    13,114  
  618    
Forest Oil Corp. (D)
    9,215  
  278    
Helmerich & Payne, Inc. 
    8,572  
  608    
Nabors Industries Ltd. (D)
    9,465  
  429    
Noble Energy, Inc. 
    25,269  
  451    
Overseas Shipholding Group, Inc. 
    15,341  
  553    
Smith International, Inc. 
    14,232  
  592    
St. Mary Land & Exploration Co. 
    12,363  
  594    
Ultra Petroleum Corp. (D)
    23,154  
                 
                      130,725  
                         
       
Food & Staples Retailing — 1.4%
  442    
BJ’s Wholesale Club, Inc. (D)
    14,258  
  433    
Kroger Co. 
    9,539  
  123    
Supervalu, Inc. 
    1,594  
                 
                      25,391  
                         
       
Food, Beverage & Tobacco — 2.4%
  1,331    
Coca-Cola Enterprises, Inc. 
    22,161  
  209    
J.M. Smucker Co. 
    10,180  
  151    
Ralcorp Holdings, Inc. (D)
    9,217  
                 
                      41,558  
                         
       
Health Care Equipment & Services — 10.0%
  584    
Beckman Coulter, Inc. 
    33,376  
  218    
Cerner Corp. (D)
    13,567  
  691    
Coventry Health Care, Inc. (D)
    12,936  
  124    
Edwards Lifesciences Corp. (D)
    8,429  
  249    
Humana, Inc. (D)
    8,039  
  494    
Omnicare, Inc. 
    12,726  
  1,260    
Patterson Cos., Inc. (D)
    27,331  
  739    
St. Jude Medical, Inc. (D)
    30,356  
  180    
Universal Health Services, Inc. Class B
    8,778  
  186    
Varian Medical Systems, Inc. (D)
    6,522  
  358    
Zimmer Holdings, Inc. (D)
    15,238  
                 
                      177,298  
                         
       
Household & Personal Products — 0.8%
  259    
Clorox Co. 
    14,454  
                 
       
Insurance — 7.1%
  682    
Aflac, Inc. 
    21,203  
  364    
AON Corp. 
    13,770  
  305    
Everest Re Group Ltd. 
    21,850  
  416    
Fidelity National Financial, Inc. 
    5,623  
  149    
First American Financial Corp. 
    3,858  
  473    
Marsh & McLennan Cos., Inc. 
    9,526  
  1,764    
Unum Group
    27,982  
  1,008    
W.R. Berkley Corp. 
    21,651  
                 
                      125,463  
                         
       
Materials — 3.4%
  371    
Ball Corp. 
    16,768  
  275    
Cliff’s Natural Resources, Inc. 
    6,719  
  250    
FMC Corp. 
    11,830  
  503    
Nucor Corp. 
    22,353  
                 
                      57,670  
                         
       
Media — 2.7%
  1,259    
DreamWorks Animation SKG, Inc. (D)
    34,744  
  474    
Scripps Networks Interactive Class A
    13,191  
                 
                      47,935  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 5.1%
  1,170    
Amylin Pharmaceuticals, Inc. (D)
    15,793  
  1,230    
King Pharmaceuticals, Inc. (D)
    11,849  
  578    
Life Technologies Corp. (D)
    24,110  
  356    
Pharmaceutical Product Development, Inc. 
    8,255  
  514    
Regeneron Pharmaceuticals, Inc. (D)
    9,216  
  259    
Vertex Pharmaceuticals, Inc. (D)
    9,245  
  402    
Watson Pharmaceuticals, Inc. (D)
    13,543  
                 
                      92,011  
                         
       
Real Estate — 2.7%
  214    
CB Richard Ellis Group, Inc. Class A (D)
    2,006  
  1,016    
Host Hotels & Resorts, Inc. 
    8,524  
  310    
Liberty Property Trust
    7,150  
  162    
Public Storage
    10,578  
  385    
Simon Property Group, Inc. 
    19,786  
                 
                      48,044  
                         
 
The accompanying notes are an integral part of these financial statements.

­ ­  134  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
       
Retailing — 8.0%
  554    
Advance Automotive Parts, Inc. 
  $ 22,973  
  130    
AutoZone, Inc. (D)
    19,584  
  628    
Best Buy Co., Inc. 
    21,018  
  1,860    
Office Depot, Inc. (D)
    8,480  
  753    
O’Reilly Automotive, Inc. (D)
    28,686  
  312    
Sherwin-Williams Co. 
    16,781  
  1,189    
Staples, Inc. 
    23,986  
                 
                      141,508  
                         
       
Semiconductors & Semiconductor Equipment — 2.1%
  694    
Altera Corp. 
    11,290  
  1,010    
Lam Research Corp. (D)
    26,258  
                 
                      37,548  
                         
       
Software & Services — 7.6%
  250    
Adobe Systems, Inc. (D)
    7,067  
  211    
BMC Software, Inc. (D)
    7,116  
  209    
Factset Research Systems, Inc. 
    10,398  
  380    
Global Payments, Inc. 
    14,231  
  618    
Micros Systems (D)
    15,648  
  1,288    
Red Hat, Inc. (D)
    25,927  
  695    
VeriSign, Inc. (D)
    12,838  
  2,556    
Western Union Co. 
    41,912  
                 
                      135,137  
                         
       
Technology Hardware & Equipment — 6.4%
  599    
Diebold, Inc. 
    15,787  
  73    
Itron, Inc. (D)
    4,009  
  376    
Juniper Networks, Inc. (D)
    8,869  
  79    
National Instruments Corp. 
    1,780  
  1,464    
NCR Corp. (D)
    17,319  
  1,722    
NetApp, Inc. (D)
    33,954  
  263    
Tandberg ASA
    4,429  
  1,152    
Teradata Corp. (D)
    26,982  
                 
                      113,129  
                         
       
Telecommunication Services — 1.0%
  573    
American Tower Corp. Class A (D)
    18,060  
                 
       
Transportation — 1.1%
  412    
J.B. Hunt Transport Services, Inc. 
    12,575  
  206    
Landstar System, Inc. 
    7,405  
                 
                      19,980  
                         
       
Utilities — 5.6%
  1,404    
Northeast Utilities
    31,328  
  1,374    
UGI Corp. 
    35,031  
  403    
Wisconsin Energy Corp. 
    16,386  
  824    
Xcel Energy, Inc. 
    15,162  
                 
                      97,907  
                         
       
Total common stocks
(cost $1,801,584)
  $ 1,726,112  
                 
       
Total long-term investments
(cost $1,801,584)
  $ 1,726,112  
                 
                         
                         
Principal
              Market
 
Amount               Value (W)  
 
 
SHORT-TERM INVESTMENTS — 1.9%
       
Repurchase Agreements — 1.9%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,100, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $2,142)
       
$ 2,100    
   0.09%, 6/30/2009
  $ 2,100  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $19,337, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $19,724)
       
  19,337    
   0.05%, 6/30/2009
    19,337  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4,863, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $4,960)
       
  4,863    
   0.09%, 6/30/2009
    4,863  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $7,285, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $7,430)
       
  7,285    
   0.08%, 6/30/2009
    7,285  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $6, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $7)
       
  6    
   0.03%, 6/30/2009
    6  
                 
                      33,591  
                         
       
Total short-term investments
(cost $33,591)
  $ 33,591  
                 
       
Total investments
(cost $1,835,175) (C)
    99.3 %   $ 1,759,703  
       
Other assets and liabilities
    0.7 %     11,773  
                         
       
Total net assets
    100.0 %   $ 1,771,476  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 0.3% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $1,839,262 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 125,377  
Unrealized Depreciation
    (204,936 )
         
Net Unrealized Depreciation
  $ (79,559 )
         
 
(D) Currently non-income producing
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
The accompanying notes are an integral part of these financial statements.

­ ­  135  ­ ­


Table of Contents

 
Hartford MidCap HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
   
Total
 
Level 1
 
Level 2
 
Level 3
 
Assets:
                               
Common Stocks
  $ 1,726,112     $ 1,721,683     $ 4,429     $      —  
Short-Term Investments
    33,591             33,591        
                                 
Total
  $ 1,759,703     $ 1,721,683     $ 38,020     $  
                                 
 
The accompanying notes are an integral part of these financial statements.

­ ­  136  ­ ­


Table of Contents

Hartford MidCap Growth HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 97.9%
       
Capital Goods — 10.1%
  7    
Alliant Techsystems, Inc. (D)
  $ 535  
  9    
AMETEK, Inc. 
    318  
  27    
Armstrong World Industries, Inc. (D)
    445  
  19    
Donaldson Co., Inc. 
    641  
  4    
Flowserve Corp. 
    244  
  18    
Fluor Corp. 
    921  
  10    
Graco, Inc. 
    212  
  8    
Harsco Corp. 
    229  
  15    
Jacobs Engineering Group, Inc. (D)
    651  
  6    
Joy Global, Inc. 
    214  
  67    
Masco Corp. 
    641  
  17    
McDermott International, Inc. (D)
    345  
  23    
Owens Corning, Inc. (D)
    288  
  6    
Precision Castparts Corp. 
    457  
  19    
Shaw Group, Inc. (D)
    526  
  14    
Sunpower Corp. (D)
    381  
  11    
Thomas & Betts Corp. (D)
    317  
  7    
Toro Co. 
    218  
  10    
TransDigm Group, Inc. (D)
    344  
  12    
URS Corp. (D)
    614  
                 
                      8,541  
                         
       
Commercial & Professional Services — 2.8%
  7    
Copart, Inc. (D)
    232  
  8    
Dun & Bradstreet Corp. 
    663  
  9    
Equifax, Inc. (D)
    222  
  4    
FTI Consulting, Inc. (D)
    213  
  16    
Iron Mountain, Inc. (D)
    463  
  50    
R.R. Donnelley & Sons Co. 
    582  
                 
                      2,375  
                         
       
Consumer Durables & Apparel — 3.0%
  27    
Coach, Inc. 
    720  
  13    
Garmin Ltd. 
    300  
  14    
MDC Holdings, Inc. 
    424  
  5    
Polo Ralph Lauren Corp. 
    281  
  93    
Pulte Homes, Inc. 
    818  
                 
                      2,543  
                         
       
Consumer Services — 6.1%
  12    
Apollo Group, Inc. Class A (D)
    850  
  13    
Brinker International, Inc. 
    220  
  12    
Burger King Holdings, Inc. 
    204  
  14    
Darden Restaurants, Inc. 
    455  
  6    
DeVry, Inc. 
    278  
  27    
H & R Block, Inc. 
    471  
  24    
International Game Technology
    388  
  5    
ITT Educational Services, Inc. (D)
    510  
  17    
Marriott International, Inc. Class A
    381  
  35    
MGM Mirage, Inc. (D)
    224  
  6    
Panera Bread Co. Class A (D)
    282  
  2    
Strayer Education, Inc. 
    362  
  11    
Tim Hortons, Inc. 
    257  
  10    
WMS Industries, Inc. (D)
    321  
                 
                      5,203  
                         
       
Diversified Financials — 7.1%
  18    
Ameriprise Financial, Inc. 
    439  
  22    
Eaton Vance Corp. 
    586  
  11    
Federated Investors, Inc. 
    253  
  5    
IntercontinentalExchange, Inc. (D)
    605  
  13    
Jefferies Group, Inc. 
    269  
  9    
Lazard Ltd. 
    247  
  37    
Moody’s Corp. 
    980  
  26    
MSCI, Inc. (D)
    643  
  18    
SEI Investments Co. 
    318  
  17    
T. Rowe Price Group, Inc. 
    712  
  29    
TD Ameritrade Holding Corp. (D)
    514  
  20    
Waddell and Reed Financial, Inc. Class A
    522  
                 
                      6,088  
                         
       
Energy — 4.7%
  23    
Cameron International Corp. (D)
    646  
  5    
Diamond Offshore Drilling, Inc. 
    403  
  28    
Exterran Holdings, Inc. (D)
    446  
  27    
Frontier Oil Corp. 
    351  
  15    
Helmerich & Payne, Inc. 
    457  
  5    
Oceaneering International, Inc. (D)
    244  
  30    
Patterson-UTI Energy, Inc. 
    391  
  10    
Pride International, Inc. (D)
    248  
  63    
Tesoro Corp. 
    807  
                 
                      3,993  
                         
       
Food, Beverage & Tobacco — 5.3%
  9    
Brown-Forman Corp. 
    396  
  17    
Campbell Soup Co. 
    497  
  19    
Coca-Cola Enterprises, Inc. 
    316  
  35    
Dean Foods Co. (D)
    678  
  29    
H.J. Heinz Co. 
    1,023  
  10    
Hershey Co. 
    349  
  7    
Hormel Foods Corp. 
    238  
  13    
Lorillard, Inc. 
    860  
  7    
McCormick & Co., Inc. 
    221  
                 
                      4,578  
                         
       
Health Care Equipment & Services — 8.2%
  12    
Amerisource Bergen Corp. 
    209  
  11    
Bard (C.R.), Inc. 
    826  
  5    
Cerner Corp. (D)
    330  
  13    
CIGNA Corp. 
    318  
  36    
Coventry Health Care, Inc. (D)
    668  
  11    
Dentsply International, Inc. 
    348  
  5    
Gen-Probe, Inc. (D)
    202  
  12    
Henry Schein, Inc. (D)
    566  
  11    
Hospira, Inc. (D)
    432  
  20    
Humana, Inc. (D)
    652  
  1    
Intuitive Surgical, Inc. (D)
    221  
  13    
Laboratory Corp. of America Holdings (D)
    914  
  12    
Lincare Holdings, Inc. (D)
    285  
  11    
Omnicare, Inc. 
    286  
  14    
Quest Diagnostics, Inc. 
    762  
                 
                      7,019  
                         
       
Household & Personal Products — 1.3%
  18    
Avon Products, Inc. 
    468  
  6    
Clorox Co. 
    352  
  9    
Herbalife Ltd. 
    287  
                 
                      1,107  
                         
       
Insurance — 1.5%
  11    
Arthur J. Gallagher & Co. 
    241  
  18    
Lincoln National Corp. 
    303  
  26    
Principal Financial Group, Inc. 
    495  
  15    
Progressive Corp. 
    227  
                 
                      1,266  
                         
       
Materials — 5.3%
  38    
Ashland, Inc. 
    1,069  
  5    
CF Industries Holdings, Inc. 
    381  
 
The accompanying notes are an integral part of these financial statements.

­ ­  137  ­ ­


Table of Contents

 
Hartford MidCap Growth HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Materials — (continued)
  23    
Cliff’s Natural Resources, Inc. 
  $ 554  
  8    
Lubrizol Corp. 
    364  
  23    
Owens-Illinois, Inc. (D)
    653  
  24    
Pactiv Corp. (D)
    525  
  8    
Schnitzer Steel Industries, Inc. 
    418  
  11    
Terra Industries, Inc. 
    265  
  8    
Walter Energy, Inc. 
    282  
                 
                      4,511  
                         
       
Media — 2.0%
  14    
Discovery Communications, Inc. (D)
    292  
  11    
Marvel Entertainment, Inc. (D)
    377  
  24    
McGraw-Hill Cos., Inc. 
    711  
  12    
Scripps Networks Interactive Class A
    331  
                 
                      1,711  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 3.4%
  5    
Alexion Pharmaceuticals, Inc. (D)
    218  
  5    
Millipore Corp. (D)
    323  
  17    
OSI Pharmaceuticals, Inc. (D)
    469  
  40    
Sepracor, Inc. (D)
    686  
  30    
Valeant Pharmaceuticals International (D)
    761  
  9    
Waters Corp. (D)
    448  
                 
                      2,905  
                         
       
Real Estate — 1.4%
  20    
Plum Creek Timber Co., Inc. 
    581  
  10    
Public Storage
    628  
                 
                      1,209  
                         
       
Retailing — 7.9%
  6    
Advance Automotive Parts, Inc. 
    261  
  36    
Aeropostale, Inc. (D)
    1,248  
  2    
AutoZone, Inc. (D)
    374  
  17    
Bed Bath & Beyond, Inc. (D)
    532  
  14    
CarMax, Inc. (D)
    210  
  51    
Chico’s FAS, Inc. (D)
    491  
  8    
Dollar Tree, Inc. (D)
    320  
  19    
Expedia, Inc. (D)
    289  
  17    
Limited Brands, Inc. 
    208  
  18    
LKQ Corp. (D)
    291  
  10    
Netflix, Inc. (D)
    430  
  12    
Nordstrom, Inc. 
    231  
  13    
PetSmart, Inc. 
    268  
  6    
Priceline.com, Inc. (D)
    652  
  18    
Ross Stores, Inc. 
    679  
  12    
TJX Cos., Inc. 
    381  
                 
                      6,865  
                         
       
Semiconductors & Semiconductor Equipment — 9.4%
  35    
Altera Corp. 
    568  
  30    
Analog Devices, Inc. 
    744  
  9    
Cree, Inc. (D)
    256  
  52    
Cypress Semiconductor Corp. (D)
    479  
  35    
Integrated Device Technology, Inc. (D)
    209  
  20    
Intersil Corp. 
    254  
  36    
Linear Technology Corp. 
    850  
  69    
Marvell Technology Group Ltd. (D)
    797  
  12    
Microchip Technology, Inc. 
    273  
  67    
National Semiconductor Corp. 
    843  
  40    
Novellus Systems, Inc. (D)
    666  
  86    
NVIDIA Corp. (D)
    975  
  21    
Varian Semiconductor Equipment Associates, Inc. (D)
    497  
  31    
Xilinx, Inc. 
    626  
                 
                      8,037  
                         
       
Software & Services — 9.5%
  37    
Autodesk, Inc. (D)
    693  
  8    
BMC Software, Inc. (D)
    270  
  32    
Broadridge Financial Solutions, Inc. 
    536  
  28    
CA, Inc. 
    485  
  12    
Citrix Systems, Inc. (D)
    370  
  43    
Electronic Arts, Inc. (D)
    923  
  8    
Factset Research Systems, Inc. 
    399  
  6    
Fiserv, Inc. (D)
    288  
  14    
Lender Processing Services
    380  
  25    
Metavante Technologies (D)
    649  
  112    
Novell, Inc. (D)
    506  
  29    
Paychex, Inc. 
    731  
  45    
Red Hat, Inc. (D)
    906  
  14    
SAIC, Inc. (D)
    251  
  8    
Salesforce.com, Inc. (D)
    300  
  24    
VeriSign, Inc. (D)
    446  
                 
                      8,133  
                         
       
Technology Hardware & Equipment — 5.5%
  19    
Diebold, Inc. 
    496  
  6    
Dolby Laboratories, Inc. Class A (D)
    209  
  11    
F5 Networks, Inc. (D)
    370  
  4    
Itron, Inc. (D)
    226  
  42    
JDS Uniphase Corp. (D)
    241  
  27    
NCR Corp. (D)
    324  
  36    
NetApp, Inc. (D)
    712  
  45    
QLogic Corp. (D)
    567  
  26    
Teradata Corp. (D)
    616  
  25    
Western Digital Corp. (D)
    664  
  10    
Zebra Technologies Corp. Class A (D)
    234  
                 
                      4,659  
                         
       
Telecommunication Services — 1.1%
  38    
SBA Communications Corp. (D)
    938  
                 
       
Transportation — 1.2%
  11    
C.H. Robinson Worldwide, Inc. 
    556  
  14    
Expeditors International of Washington, Inc. 
    473  
                 
                      1,029  
                         
       
Utilities — 1.1%
  38    
AES Corp. (D)
    440  
  20    
Calpine Corp. (D)
    219  
  7    
PPL Corp. 
    227  
                 
                      886  
                         
       
Total common stocks
(cost $79,305)
  $ 83,596  
                 
                         
                         
EXCHANGE TRADED FUNDS — 0.2%
       
Other Investment Pools and Funds — 0.2%
  4    
iShares Russell Midcap Growth
  $ 152  
                 
       
Total exchange traded funds
(cost $121)
  $ 152  
                 
       
Total long-term investments
(cost $79,426)
  $ 83,748  
                 
                         
                         
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
                         
Principal
              Market
 
Amount               Value (W)  
 
 
SHORT-TERM INVESTMENTS — 2.1%
       
Repurchase Agreements — 1.7%
       
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,195, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $1,216)
       
$ 1,195    
   0.01%, 6/30/2009
  $ 1,195  
       
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $224, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $228)
       
  224    
   0.01%, 6/30/2009
    224  
                 
                      1,419  
                         
       
U.S. Treasury Bills — 0.4%
  395    
   0.09%, 7/16/2009 (S)(M)
    395  
                 
       
Total short-term investments
(cost $1,814)
  $ 1,814  
                 
       
Total investments
(cost $81,240) (C)
    100.2 %   $ 85,562  
       
Other assets and liabilities
    (0.2 )%     (144 )
                         
       
Total net assets
    100.0 %   $ 85,418  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 0.3% of total net assets at June 30, 2009.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $85,436 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 5,920  
Unrealized Depreciation
    (5,794 )
         
Net Unrealized Appreciation
  $ 126  
         
 
(D) Currently non-income producing.
 
(M) The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.
 
(S) Security pledged as initial margin deposit for open futures contracts at June 30, 2009.
 
Futures Contracts Outstanding at June 30, 2009
                                 
                Unrealized
    Number of
      Expiration
  Appreciation/
Description
 
Contracts*
 
Position
 
Month
 
(Depreciation)
 
S&P MidCap 400 Mini
    19       Long       Sep 2009     $ 4  
 
* The number of contracts does not omit 000’s.
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
   
Total
 
Level 1
 
Level 2
 
Level 3
 
Assets:
                               
Common Stocks
  $ 83,596     $ 83,596     $     $      —  
Exchange Traded Funds
    152       152              
Short-Term Investments
    1,814             1,814        
                                 
Total
  $ 85,562     $ 83,748     $ 1,814     $  
                                 
Other Financial Instruments (Q)
  $ 4     $ 4     $     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

­ ­  139  ­ ­


Table of Contents

Hartford MidCap Value HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 98.9%
       
Automobiles & Components — 1.1%
  408    
TRW Automotive Holdings Corp. (D)
  $ 4,605  
                 
       
Banks — 3.5%
  90    
Beneficial Mutual Bancorp, Inc. (D)
    867  
  144    
Comerica, Inc.
    3,052  
  577    
Huntington Bancshares, Inc.
    2,412  
  34    
M&T Bank Corp.
    1,747  
  620    
Popular, Inc.
    1,364  
  51    
Signature Bank (D)
    1,391  
  232    
SunTrust Banks, Inc.
    3,823  
                 
                      14,656  
                         
       
Capital Goods — 6.8%
  31    
AGCO Corp. (D)
    898  
  33    
Alliant Techsystems, Inc. (D)
    2,751  
  105    
AMETEK, Inc.
    3,624  
  76    
Dover Corp.
    2,498  
  148    
Kennametal, Inc.
    2,837  
  262    
Pentair, Inc.
    6,700  
  114    
Teledyne Technologies, Inc. (D)
    3,727  
  111    
URS Corp. (D)
    5,507  
                 
                      28,542  
                         
       
Commercial & Professional Services — 0.7%
  239    
R.R. Donnelley & Sons Co.
    2,775  
                 
       
Consumer Durables & Apparel — 5.6%
  255    
Mattel, Inc.
    4,086  
  313    
MDC Holdings, Inc.
    9,428  
  248    
Toll Brothers, Inc. (D)
    4,200  
  99    
V.F. Corp.
    5,480  
                 
                      23,194  
                         
       
Diversified Financials — 8.9%
  79    
Affiliated Managers Group, Inc. (D)
    4,597  
  277    
Ameriprise Financial, Inc.
    6,721  
  350    
CIT Group, Inc.
    752  
  326    
Invesco Ltd.
    5,809  
  718    
PHH Corp. (D)
    13,061  
  356    
TD Ameritrade Holding Corp. (D)
    6,239  
                 
                      37,179  
                         
       
Energy — 5.7%
  210    
Cie Gen Geophysique ADR (D)
    3,791  
  238    
Newfield Exploration Co. (D)
    7,785  
  60    
Noble Energy, Inc.
    3,544  
  140    
SBM Offshore N.V
    2,410  
  49    
Smith International, Inc.
    1,264  
  269    
Weatherford International Ltd. (D)
    5,262  
                 
                      24,056  
                         
       
Food, Beverage & Tobacco — 5.0%
  85    
Bunge Ltd. Finance Corp.
    5,103  
  4,750    
Chaoda Modern Agriculture
    2,778  
  5,654    
First Pacific Co., Ltd.
    3,238  
  283    
Marfig Frigorificos E Comer (D)
    2,096  
  5,254    
Marine Harvest (D)
    3,533  
  210    
Perdigao S.A. (D)
    3,982  
                 
                      20,730  
                         
       
Health Care Equipment & Services — 4.7%
  265    
Amerisource Bergen Corp.
    4,708  
  357    
CIGNA Corp.
    8,610  
  59    
Laboratory Corp. of America Holdings (D)
    4,027  
  68    
West Pharmaceutical Services
    2,366  
                 
                      19,711  
                         
       
Insurance — 9.9%
  106    
Everest Re Group Ltd.
    7,615  
  162    
Fidelity National Financial, Inc.
    2,190  
  83    
First American Financial Corp.
    2,138  
  60    
PartnerRe Ltd.
    3,884  
  213    
Platinum Underwriters Holdings Ltd.
    6,092  
  199    
Principal Financial Group, Inc.
    3,747  
  245    
Reinsurance Group of America, Inc.
    8,564  
  467    
Unum Group
    7,404  
                 
                      41,634  
                         
       
Materials — 7.3%
  106    
Agrium U.S., Inc.
    4,233  
  143    
Cliff’s Natural Resources, Inc.
    3,497  
  91    
Cytec Industries, Inc.
    1,701  
  140    
FMC Corp.
    6,617  
  108    
Greif, Inc.
    4,789  
  208    
Owens-Illinois, Inc. (D)
    5,834  
  189    
Pactiv Corp. (D)
    4,093  
                 
                      30,764  
                         
       
Media — 2.1%
  955    
Virgin Media, Inc.
    8,930  
                 
       
Pharmaceuticals, Biotechnology & Life Sciences — 4.5%
  123    
Endo Pharmaceuticals Holdings, Inc. (D)
    2,208  
  5    
H. Lundbeck A/S
    88  
  1,102    
Impax Laboratories, Inc. (D)
    8,111  
  508    
King Pharmaceuticals, Inc. (D)
    4,890  
  236    
Theravance, Inc. (D)
    3,456  
                 
                      18,753  
                         
       
Real Estate — 3.6%
  2,976    
Chimera Investment Corp.
    10,386  
  290    
Kimco Realty Corp.
    2,918  
  238    
MFA Mortgage Investments, Inc.
    1,644  
                 
                      14,948  
                         
       
Retailing — 4.6%
  425    
American Eagle Outfitters, Inc.
    6,020  
  5,788    
Buck Holdings L.P. (H)(D)(A)
    6,877  
  25    
Genuine Parts Co.
    842  
  185    
TJX Cos., Inc.
    5,804  
                 
                      19,543  
                         
       
Semiconductors & Semiconductor Equipment — 3.8%
  56    
Linear Technology Corp.
    1,308  
  578    
Teradyne, Inc. (D)
    3,963  
  436    
Varian Semiconductor Equipment Associates, Inc. (D)
    10,448  
                 
                      15,719  
                         
       
Software & Services — 2.5%
  31    
CACI International, Inc. Class A (D)
    1,307  
  147    
McAfee, Inc. (D)
    6,210  
  178    
Western Union Co.
    2,914  
                 
                      10,431  
                         
       
Technology Hardware & Equipment — 7.0%
  470    
Arrow Electronics, Inc. (D)
    9,978  
  1,084    
Flextronics International Ltd. (D)
    4,454  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Technology Hardware & Equipment — (continued)
  455    
JDS Uniphase Corp. (D)
  $ 2,604  
  10,725    
Kingboard Laminates Holdings
    5,398  
  177    
NetApp, Inc. (D)
    3,488  
  452    
Solar Cayman Ltd. (H)(D)(A)
    3,612  
                 
                      29,534  
                         
       
Transportation — 2.9%
  128    
Con-way, Inc.
    4,509  
  1,292    
Delta Air Lines, Inc. (D)
    7,482  
                 
                      11,991  
                         
       
Utilities — 8.7%
  107    
Allegheny Energy, Inc.
    2,750  
  108    
Edison International
    3,407  
  803    
N.V. Energy, Inc.
    8,667  
  429    
Northeast Utilities
    9,569  
  226    
UGI Corp.
    5,763  
  152    
Wisconsin Energy Corp.
    6,192  
                 
                      36,348  
                         
       
Total common stocks
(cost $470,435)
  $ 414,043  
                 
       
Total long-term investments
(cost $470,435)
  $ 414,043  
                 
                         
                         
Principal
                 
Amount                  
 
 
SHORT-TERM INVESTMENTS — 0.9%
       
Repurchase Agreements — 0.9%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $231, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $236)
       
$ 231    
   0.09%, 6/30/2009
  $ 231  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,127, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $2,169)
       
  2,126    
   0.05%, 6/30/2009
    2,126  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $535, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $545)
       
  535    
   0.09%, 6/30/2009
    535  
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $801, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $817)
       
  801    
   0.08%, 6/30/2009
    801  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1)
       
  1    
   0.03%, 6/30/2009
    1  
                 
                      3,694  
                         
       
Total short-term investments
(cost $3,694)
  $ 3,694  
                 
       
Total investments
(cost $474,129) (C)
    99.8 %   $ 417,737  
       
Other assets and liabilities
    0.2 %     915  
                         
       
Total net assets
    100.0 %   $ 418,652  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 7.6% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $485,117 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 27,355  
Unrealized Depreciation
    (94,735 )
         
Net Unrealized Depreciation
  $ (67,380 )
         
 
(A) The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $10,489, which represents 2.51% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.
 
(D) Currently non-income producing.
 
(H) The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.
 
                     
Period
  Shares/
       
Acquired
  Par   Security  
Cost Basis
 
06/2007
    5,788     Buck Holdings L.P.   $ 5,795  
03/2007
    452     Solar Cayman Ltd.-144A     6,307  
 
The aggregate value of these securities at June 30, 2009 was $10,489 which represents 2.51% of total net assets.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford MidCap Value HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
Forward Foreign Currency Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Market
  Contract
  Delivery
  Appreciation/
Description
 
Value (W)
 
Amount
 
Date
 
(Depreciation)
 
Danish Krone (Sell)
  $ 261     $ 262       07/01/09     $ 1  
Danish Krone (Sell)
    517       519       07/02/09       2  
Danish Krone (Sell)
    324       324       07/06/09        
Hong Kong Dollar (Sell)
    89       89       07/02/09        
Hong Kong Dollar (Sell)
    56       56       07/06/09        
Norwegian Krone (Sell)
    44       44       07/01/09        
Norwegian Krone (Sell)
    135       135       07/02/09        
                                 
                            $ 3  
                                 
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
Assets:
                               
Common Stocks
  $ 414,043     $ 386,109     $ 17,445     $ 10,489  
Short-Term Investments
    3,694             3,694        
                                 
Total
  $ 417,737     $ 386,109     $ 21,139     $ 10,489  
                                 
Other Financial Instruments (Q)
  $ 3     $     $ 3     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
                                         
    Balance as of
    Change in
          Transfers In
    Balance as of
 
    December 31,
    Unrealized
          and/or Out of
    June 30,
 
    2008     Appreciation     Net Sales     Level 3     2009  
Assets:
                                       
Common Stock
  $ 20,264     $ 90 *   $ (471 )   $ (9,394 )   $ 10,489  
                                         
Total
  $ 20,264     $ 90     $ (471 )   $ (9,394 )   $ 10,489  
                                         
 
* Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $90.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

Hartford Money Market HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount                  Value (W)  
CERTIFICATES OF DEPOSIT — 1.6%
       
Finance — 1.6%
       
BNP Paribas
$ 27,000    
   0.26%, 08/18/2009
  $ 27,000  
       
BNP Paribas Finance
       
  21,500    
   0.71%, 07/13/2009
    21,500  
       
Royal Bank of Canada NY
       
  9,000    
   0.27%, 08/26/2009
    9,000  
       
Toronto-Dominion Holdings
       
  14,500    
   0.22%, 07/15/2009
    14,500  
                 
                      72,000  
                         
       
Total certificates of deposit
(cost $72,000)
  $ 72,000  
                 
                         
                         
COMMERCIAL PAPER — 34.9%
       
Basic Materials — 1.1%
       
Praxair, Inc.
       
$ 33,400    
   0.20%, 07/29/2009 — 07/30/2009
  $ 33,395  
  16,500    
   0.35%, 07/16/2009
    16,497  
                 
                      49,892  
                         
       
Consumer Staples — 4.5%
       
Coca Cola Co.
       
  28,000    
   0.20%, 07/29/2009 — 08/19/2009
    27,995  
  10,750    
   0.22%, 08/21/2009
    10,746  
  28,000    
   0.50%, 10/05/2009
    27,963  
       
Colgate-Palmolive Co.
       
  20,750    
   0.18%, 07/10/2009
    20,749  
  21,000    
   0.20%, 07/02/2009
    21,000  
       
Proctor & Gamble
       
  32,750    
   0.18%, 07/08/2009 (I)
    32,749  
  41,000    
   0.20%, 07/30/2009 — 08/10/2009 (I)
    40,993  
  15,250    
   0.25%, 09/14/2009 (I)
    15,242  
                 
                      197,437  
                         
       
Energy — 1.0%
       
ConocoPhillips
       
  45,500    
   0.22%, 07/09/2009 (I)
    45,498  
                 
       
Finance — 13.4%
       
       
Citigroup Funding, Inc.
  47,500    
   0.20%, 09/10/2009
    47,481  
  42,000    
   0.25%, 08/10/2009
    41,989  
       
European Investment Bank
       
  23,500    
   0.21%, 08/17/2009
    23,494  
       
General Electric Capital Corp.
       
  74,000    
   0.23%, 07/30/2009 — 09/02/2009
    73,977  
       
JP Morgan Chase Funding, Inc.
       
  32,000    
   0.25%, 07/08/2009 — 08/31/2009
    31,995  
  23,500    
   0.30%, 07/14/2009
    23,497  
       
Kreditanstalt fuer Wiederaufbau
       
  25,250    
   0.17%, 08/04/2009 (I)
    25,246  
  43,000    
   0.20%, 07/24/2009 (I)
    42,995  
  20,500    
   0.31%, 09/24/2009 (I)
    20,486  
  25,000    
   0.32%, 10/08/2009 (I)
    24,978  
  19,500    
   0.33%, 08/12/2009 (I)
    19,493  
       
Queensland Treasury Corp.
       
  15,000    
   0.42%, 08/31/2009
    14,989  
  20,750    
   0.50%, 10/06/2009
    20,722  
  32,750    
   0.62%, 07/20/2009
    32,739  
       
Rabobank USA
       
  9,750    
   0.19%, 07/16/2009
    9,749  
  24,500    
   0.25%, 09/03/2009
    24,489  
  8,500    
   0.30%, 08/21/2009
    8,497  
  13,250    
   0.64%, 07/06/2009
    13,249  
       
Royal Bank of Scotland plc
       
  26,000    
   0.19%, 08/27/2009
    25,992  
       
State Street Corp.
       
  33,000    
   0.22%, 08/14/2009
    32,991  
       
Toronto-Dominion Holdings
       
  19,250    
   0.35%, 10/21/2009 (I)
    19,229  
       
Wells Fargo
       
  19,500    
   0.05%, 07/01/2009
    19,500  
                 
                      597,777  
                         
       
Foreign Governments — 10.5%
       
British Columbia (Province of)
       
  20,500    
   0.18%, 08/26/2009
    20,494  
  42,250    
   0.23%, 09/01/2009 — 09/08/2009
    42,233  
  19,000    
   0.28%, 10/06/2009
    18,986  
  7,000    
   0.29%, 08/20/2009
    6,997  
  23,250    
   0.42%, 07/14/2009
    23,246  
       
Canada (Government of)
       
  35,250    
   0.23%, 10/06/2009
    35,228  
  44,750    
   0.25%, 09/11/2009
    44,728  
  31,250    
   0.58%, 08/07/2009
    31,231  
       
Ontario (Province of)
       
  11,300    
   0.20%, 07/08/2009
    11,300  
  41,500    
   0.22%, 08/04/2009
    41,491  
  25,250    
   0.23%, 08/13/2009
    25,243  
  26,750    
   0.24%, 09/09/2009
    26,737  
       
Quebec (Province of)
       
  26,250    
   0.20%, 07/09/2009 (M)
    26,249  
  29,000    
   0.23%, 08/24/2009
    28,990  
  8,000    
   0.27%, 07/21/2009
    7,999  
  43,250    
   0.28%, 08/04/2009
    43,239  
  26,750    
   0.45%, 07/20/2009
    26,744  
                 
                      461,135  
                         
       
Health Care — 0.7%
       
Abbott Laboratories
       
  19,850    
   0.20%, 07/28/2009
    19,847  
  11,500    
   0.21%, 08/31/2009 (I)
    11,496  
                 
                      31,343  
                         
       
Technology — 1.3%
       
Microsoft Corp.
       
  34,250    
   0.20%, 08/21/2009
    34,241  
  23,600    
   0.23%, 07/07/2009
    23,599  
                 
                      57,840  
                         
       
Transportation — 1.1%
       
General Dynamics Corp.
       
  49,500    
   0.21%, 07/01/2009 (I)
    49,500  
                 
       
Utilities — 1.3%
       
Florida Power And Light Co.
       
  23,000    
   0.17%, 07/06/2009
    22,999  
  9,100    
   0.20%, 07/07/2009
    9,100  
  23,250    
   0.23%, 07/27/2009
    23,246  
                 
                      55,345  
                         
       
Total commercial paper
(cost $1,545,767)
  $ 1,545,767  
                 
                         
                         
CORPORATE NOTES — 4.2%
       
Finance — 4.2%
       
American Honda Finance Corp.
       
$ 25,750    
   0.76%, 09/18/2009 (I)(L)
  $ 25,750  
       
Australia & New Zealand Banking Group Ltd.
       
  26,250    
   1.04%, 10/02/2009 (I)(L)(?)
    26,250  
       
Bank of Nova Scotia
       
  25,250    
   1.42%, 08/10/2009 (I)(L)
    25,250  
       
John Deere Capital Corp.
       
  22,300    
   0.71%, 09/01/2009 (L)
    22,297  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford Money Market HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount                  Value (W)  
                         
CORPORATE NOTES — (continued)
                         
       
Finance — (continued)
       
Royal Bank of Canada
       
$ 21,250    
   0.74%, 10/15/2009 (I)(L)
  $ 21,250  
       
Royal Bank of Scotland plc
       
  25,750    
   1.03%, 10/09/2009 (I)(L)(BB)
    25,750  
       
Wachovia Bank NA
       
  34,000    
   1.59%, 08/04/2009 (L)(BB)
    34,000  
                 
                      180,547  
                         
       
Total corporate notes
(cost $180,547)
  $ 180,547  
                 
                         
                         
REPURCHASE AGREEMENTS — 2.9%
       
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $107,371, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $109,237)
       
$ 107,371    
   0.01% dated 06/30/2009
  $ 107,371  
       
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $20,153, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $20,501)
       
  20,153    
   0.01% dated 06/30/2009
    20,153  
                 
       
Total repurchase agreements
(cost $127,524)
  $ 127,524  
                 
                         
                         
Shares                  
 
INVESTMENT POOLS AND FUNDS — 5.4%
  117,418    
JP Morgan U.S. Government Money Market Fund
    117,418  
     
State Street Bank U.S. Government Money Market Fund
     
  117,624    
Wells Fargo Advantage Government Money Market Fund
    117,624  
                 
       
Total time deposits
(cost $235,042)
  $ 235,042  
                 
                         
                         
Principal
                 
Amount                  
 
 
U.S. GOVERNMENT AGENCIES — 24.4%
       
Federal Home Loan Bank — 7.7%
$ 66,500    
   0.16%, 07/15/2009 — 07/28/2009 (M)
  $ 66,494  
  66,500    
   0.18%, 08/21/2009 (M)
    66,481  
  64,500    
   0.20%, 08/14/2009
    64,485  
  18,500    
   0.21%, 08/07/2009
    18,496  
  44,600    
   0.22%, 07/10/2009 — 09/04/2009
    44,590  
  48,200    
   0.28%, 07/22/2009
    48,192  
  29,250    
   0.34%, 10/21/2009 (M)
    29,220  
                 
                      337,958  
                         
       
Federal Home Loan Mortgage Corp. — 8.6%
  24,250    
   0.14%, 08/12/2009
    24,246  
  41,000    
   0.20%, 08/17/2009 (M)
    40,989  
  9,600    
   0.20%, 07/28/2009
    9,599  
  38,750    
   0.21%, 09/14/2009
    38,734  
  16,250    
   0.22%, 09/28/2009
    16,241  
  20,000    
   0.24%, 07/06/2009 (M)
    19,999  
  55,750    
   0.26%, 09/21/2009 — 09/23/2009
    55,718  
  42,250    
   0.27%, 07/29/2009 — 11/02/2009
    42,223  
  35,000    
   0.28%, 08/24/2009
    34,985  
  16,500    
   0.34%, 10/26/2009 (M)
    16,482  
  33,250    
   0.34%, 10/13/2009
    33,217  
  46,500    
   0.35%, 08/03/2009
    46,485  
                 
                      378,918  
                         
       
Federal National Mortgage Association — 8.1%
  85,250    
   0.17%, 07/21/2009 — 08/24/2009 (M)
    85,235  
  23,250    
   0.19%, 08/26/2009
    23,243  
  84,250    
   0.22%, 09/02/2009 — 10/07/2009
    84,210  
  22,500    
   0.23%, 07/06/2009 (M)
    22,499  
  24,147    
   0.25%, 09/30/2009
    24,131  
  27,500    
   0.26%, 07/01/2009
    27,500  
  35,500    
   0.33%, 07/27/2009
    35,492  
  38,750    
   0.34%, 10/21/2009
    38,712  
  14,500    
   0.36%, 08/31/2009 (M)
    14,491  
                 
                      355,513  
                         
       
Total U.S. government agencies
(cost $1,072,389)
  $ 1,072,389  
                 
                         
                         
U.S. TREASURY BILLS — 20.8%
$ 149,000    
   0.14%, 07/23/2009 (M)
  $ 148,988  
  100,000    
   0.16%, 08/20/2009 (M)
    99,978  
  100,000    
   0.18%, 09/15/2009 (M)
    99,962  
  120,000    
   0.20%, 08/06/2009 (M)
    119,977  
  137,000    
   0.23%, 12/29/2009 (M)
    136,845  
  145,000    
   0.26%, 10/15/2009 (M)
    144,890  
  167,000    
   0.31%, 07/02/2009 (M)
    166,999  
                 
                      917,639  
                         
       
Total U.S. treasury bills
(cost $917,639)
  $ 917,639  
                 
                         
                         
U.S. TREASURY NOTES — 6.0%
$ 108,000    
   3.49%, 08/15/2009
  $ 108,446  
  81,500    
   4.63%, 07/31/2009
    81,801  
  71,500    
   5.96%, 08/15/2009
    72,014  
                 
                      262,261  
                         
       
Total U.S. treasury notes
(cost $262,261)
  $ 262,261  
                 
                         
                         
CAPITAL SUPPORT AGREEMENT — 0.0%
$    
Hartford Life, Inc. Capital Support Agreement (BB)
  $  
                 
       
Total investments
(cost $4,413,169) (C)
  $ 100.2 %   $ 4,413,169  
       
Other assets and liabilities
    (0.2 )%     (8,002 )
                         
       
Total net assets
  $ 100.0 %   $ 4,405,167  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. The rates presented in this Schedule of Investments are yields, unless otherwise noted. Market value of investments in foreign securities represents 18.1% of total net assets at June 30, 2009.
 
(C) Also represents cost for tax purposes.
 
(L) Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009.
 
(I) Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $472,155, which represents 10.72% of total net assets.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
 
(M) The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.
 
(BB) The Fund has entered into a Capital Support Agreement with Hartford Life, Inc. which provides that Hartford Life, Inc. will contribute capital to the Fund, up to a specified maximum amount, in the event that the Fund realizes a loss on any of these securities and such realized loss causes the Fund’s net asset value as calculated using fair values to drop below $0.9950. These securities are valued at amortized cost, which approximates fair value. See “Money Market HLS Fund Support Agreement” in the Notes to Financial Statements for additional information.
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total     Level 1     Level 2     Level 3  
Assets:
                               
Certificates of Deposit
  $ 72,000     $     $ 72,000     $      —  
Commercial Paper
    1,545,767             1,545,767        
Corporate Notes
    180,547             180,547        
Investment Pools and Funds
    235,042       235,042              
Repurchase Agreements
    127,524             127,524        
U.S. Government Agencies
    1,072,389             1,072,389        
U.S. Treasury Bills
    917,639             917,639        
U.S. Treasury Notes
    262,261             262,261        
                                 
Total
  $ 4,413,169     $ 235,042     $ 4,178,127     $  
                                 
Other Financial Instruments (Q)
  $     $     $     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

­ ­  145  ­ ­


Table of Contents

Hartford Small Company HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 96.0%
       
Automobiles & Components — 0.0%
  6    
Standard Motor Products
  $ 46  
                 
       
Banks — 1.1%
  11    
First Citizens Bancshares Class A
    1,477  
  244    
International Bancshares Corp. 
    2,519  
  285    
Signature Bank (D)
    7,741  
                 
                      11,737  
                         
       
Capital Goods — 8.0%
  34    
Acuity Brands, Inc. 
    963  
  428    
Advanced Battery Technologies, Inc. (D)
    1,721  
  66    
American Superconductor Corp. (D)
    1,720  
  68    
Apogee Enterprises
    841  
  75    
Applied Signal Technology
    1,904  
  51    
AZZ, Inc. (D)
    1,765  
  415    
BE Aerospace, Inc. (D)
    5,954  
  198    
Beacon Roofing Supply, Inc. (D)
    2,860  
  253    
Briggs & Stratton Corp. 
    3,370  
  110    
Chart Industries, Inc. (D)
    2,003  
  45    
China Fire & Security Group (D)
    546  
  5    
Clarcor, Inc. 
    134  
  53    
Cubic Corp. 
    1,885  
  116    
EMCOR Group, Inc. (D)
    2,331  
  109    
Energy Recovery, Inc. (D)
    773  
  41    
ESCO Technologies, Inc. (D)
    1,846  
  310    
Force Protection, Inc. (D)
    2,740  
  10    
GrafTech International Ltd. (D)
    111  
  8    
Graham Corp. 
    109  
  43    
Granite Construction, Inc. 
    1,432  
  284    
GT Solar International, Inc. (D)
    1,509  
  52    
Heico Corp. 
    1,869  
  54    
II-VI, Inc. (D)
    1,197  
  158    
Lennox International, Inc. 
    5,073  
  155    
MasTec, Inc. (D)
    1,818  
  34    
Michael Baker Corp. (D)
    1,447  
  15    
Middleby Corp. (D)
    652  
  1    
Nordson Corp. 
    52  
  163    
Orbital Sciences Corp. (D)
    2,479  
  96    
Orion Marine Group, Inc. (D)
    1,833  
  75    
Pall Corp. 
    1,985  
  201    
Pentair, Inc. 
    5,161  
  40    
Powell Industries, Inc. (D)
    1,470  
  169    
Regal-Beloit Corp. 
    6,720  
  183    
Sunpower Corp. Class B (D)
    4,390  
  278    
Taser International, Inc. (D)
    1,266  
  261    
Teledyne Technologies, Inc. (D)
    8,563  
  24    
Trex Co., Inc. (D)
    317  
  54    
Watsco, Inc. 
    2,642  
                 
                      85,451  
                         
       
Commercial & Professional Services — 2.6%
  48    
ABM Industries, Inc. 
    866  
  15    
Administaff, Inc. 
    346  
  123    
American Reprographics Co. LLC (D)
    1,025  
  248    
APAC TeleServices, Inc. (D)
    1,271  
  86    
CBIZ, Inc. (D)
    612  
  349    
Corrections Corp. of America (D)
    5,934  
  6    
Geo Group, Inc. (D)
    115  
  6    
GP Strategies Corp. (D)
    38  
  107    
Healthcare Services Group, Inc. 
    1,921  
  167    
Herman Miller, Inc. 
  $ 2,568  
  209    
Knoll, Inc. 
    1,588  
  7    
McGrath RentCorp. 
    132  
  35    
Rollins, Inc. 
    608  
  262    
Sykes Enterprises, Inc. (D)
    4,738  
  100    
Tetra Tech, Inc. (D)
    2,854  
  82    
Watson Wyatt Worldwide, Inc. 
    3,068  
                 
                      27,684  
                         
       
Consumer Durables & Apparel — 5.4%
  277    
Carter’s, Inc. (D)
    6,811  
  28    
Deckers Outdoor Corp. (D)
    1,989  
  63    
Fossil, Inc. (D)
    1,523  
  696    
Hanesbrands, Inc. (D)
    10,446  
  551    
Jarden Corp. (D)
    10,331  
  226    
Pool Corp. 
    3,741  
  456    
Smith & Wesson Holding Corp. (D)
    2,589  
  73    
Steven Madden Ltd. (D)
    1,868  
  111    
Sturm Ruger & Co., Inc. 
    1,378  
  156    
Tempur-Pedic International, Inc. 
    2,042  
  111    
Timberland Co. Class A (D)
    1,477  
  104    
Tupperware Brands Corp. 
    2,693  
  51    
Under Armour, Inc. Class A (D)
    1,147  
  249    
Warnaco Group, Inc. (D)
    8,072  
  83    
Wolverine World Wide, Inc. 
    1,827  
                 
                      57,934  
                         
       
Consumer Services — 7.3%
  47    
American Public Education, Inc. (D)
    1,874  
  124    
Ameristar Casinos, Inc. 
    2,354  
  227    
Bally Technologies, Inc. (D)
    6,786  
  100    
BJ’s Restaurants, Inc. (D)
    1,683  
  163    
Brinks Home Security Holding (D)
    4,607  
  163    
Buffalo Wild Wings, Inc. (D)
    5,297  
  118    
California Pizza Kitchen, Inc. (D)
    1,568  
  27    
Capella Education Co. (D)
    1,608  
  54    
CEC Entertainment, Inc. (D)
    1,595  
  421    
Cheesecake Factory, Inc. (D)
    7,281  
  98    
CKE Restaurants, Inc. 
    828  
  174    
Coinstar, Inc. (D)
    4,657  
  823    
Corinthian Colleges, Inc. (D)
    13,934  
  56    
Cracker Barrel Old Country Store, Inc. 
    1,562  
  145    
Domino’s Pizza, Inc. (D)
    1,085  
  110    
Jack in the Box, Inc. (D)
    2,464  
  126    
K12, Inc. (D)
    2,708  
  291    
Life Time Fitness, Inc. (D)
    5,830  
  120    
Lincoln Educational Services Corp. (D)
    2,503  
  73    
P. F. Chang’s China Bistro, Inc. (D)
    2,333  
  61    
Papa John’s International, Inc. (D)
    1,509  
  146    
Pinnacle Entertainment, Inc. (D)
    1,357  
  4    
Steiner Leisure Ltd. (D)
    131  
  197    
Texas Roadhouse, Inc. (D)
    2,154  
  6    
Universal Travel Group (D)
    66  
                 
                      77,774  
                         
       
Diversified Financials — 1.4%
  134    
Advance America Cash Advance Centers, Inc. 
    595  
  178    
Ezcorp, Inc. (D)
    1,916  
  104    
First Cash Financial Services, Inc. (D)
    1,821  
  389    
GFI Group, Inc. 
    2,619  
  189    
Knight Capital Group, Inc. (D)
    3,222  
  111    
Life Partners Holdings, Inc. 
    1,575  
  153    
optionsXpress Holdings, Inc. 
    2,381  
  28    
Stifel Financial (D)
    1,338  
                 
                      15,467  
                         
       
Energy — 3.7%
  127    
Alon USA Energy, Inc. 
    1,311  
  186    
Arena Resources, Inc. (D)
    5,913  
 
The accompanying notes are an integral part of these financial statements.

­ ­  146  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Energy — (continued)
  74    
Carbo Ceramics, Inc. 
  $ 2,546  
  519    
Complete Production Services, Inc. (D)
    3,300  
  17    
Contango Oil & Gas Co. (D)
    710  
  52    
Dril-Quip, Inc. (D)
    1,989  
  1    
Isramco, Inc. (D)
    77  
  284    
Karoon Gas Australia Ltd. (D)
    2,071  
  54    
Lufkin Industries, Inc. 
    2,279  
  138    
Matrix Service Co. (D)
    1,589  
  35    
NATCO Group, Inc. (D)
    1,158  
  105    
Nordic American Tanker Shipping
    3,348  
  86    
Overseas Shipholding Group, Inc. 
    2,917  
  24    
RPC, Inc. 
    199  
  174    
St. Mary Land & Exploration Co. 
    3,628  
  75    
Uranium Energy Corp. (D)
    217  
  350    
Vaalco Energy, Inc. (D)
    1,482  
  188    
Willbros Group, Inc. (D)
    2,346  
  50    
World Fuel Services Corp. 
    2,072  
                 
                      39,152  
                         
       
Food & Staples Retailing — 1.2%
  224    
BJ’s Wholesale Club, Inc. (D)
    7,227  
  83    
Casey’s General Stores, Inc. 
    2,127  
  96    
Pantry, Inc. (D)
    1,586  
  70    
United Natural Foods, Inc. (D)
    1,829  
                 
                      12,769  
                         
       
Food, Beverage & Tobacco — 1.5%
  35    
American Dairy, Inc. (D)
    1,381  
  74    
American Italian Pasta Co. (D)
    2,158  
  5    
Cal-Maine Foods, Inc. 
    129  
  125    
Cental Euro Distribution Corp. (D)
    3,332  
  118    
Darling International, Inc. (D)
    780  
  6    
Diamond Foods, Inc. 
    164  
  28    
J&J Snack Foods Corp. 
    1,019  
  69    
Lancaster Colony Corp. 
    3,028  
  40    
Lance, Inc. 
    918  
  58    
Sanderson Farms, Inc. 
    2,618  
  55    
Vector Group Ltd. 
    789  
                 
                      16,316  
                         
       
Health Care Equipment & Services — 12.5%
  212    
Align Technology, Inc. (D)
    2,249  
  436    
Allscripts Misys Healthcare Solution
    6,909  
  126    
Almost Family, Inc. (D)
    3,278  
  53    
Amedisys, Inc. (D)
    1,763  
  207    
American Medical Systems Holdings (D)
    3,277  
  120    
Amerigroup Corp. (D)
    3,228  
  46    
Angiodynamics, Inc. (D)
    611  
  71    
Athenahealth, Inc. (D)
    2,636  
  59    
Catalyst Health Solutions (D)
    1,460  
  97    
Centene Corp. (D)
    1,946  
  4    
Chemed Corp. 
    152  
  107    
CryoLife, Inc. (D)
    595  
  6    
Cyberonics, Inc. (D)
    99  
  397    
Eclipsys Corp. (D)
    7,064  
  53    
Emergency Medical Services (D)
    1,935  
  10    
Enteromedics, Inc. (D)
    33  
  52    
Genoptix, Inc. (D)
    1,663  
  43    
Haemonetics Corp. (D)
    2,470  
  372    
Health Net, Inc. (D)
    5,777  
  710    
HealthSouth Corp. (D)
    10,254  
  80    
HMS Holdings Corp. (D)
    3,264  
  61    
ICU Medical, Inc. (D)
    2,496  
  250    
Inverness Medical Innovation, Inc. (D)
    8,899  
  52    
IPC The Hospitalist Co. (D)
    1,401  
  22    
Landauer, Inc. 
    1,351  
  76    
LHC Group, Inc. (D)
    1,698  
  282    
Masimo Corp. (D)
    6,790  
  154    
MedAssets, Inc. (D)
    2,992  
  73    
NuVasive, Inc. (D)
    3,272  
  86    
Omnicare, Inc. 
    2,221  
  81    
Palomar Medical Technologies, Inc. (D)
    1,192  
  55    
PharMerica Corp. (D)
    1,087  
  126    
Phase Forward, Inc. (D)
    1,902  
  61    
Providence Service Corp. (D)
    664  
  178    
Psychiatric Solutions, Inc. (D)
    4,039  
  62    
Quality Systems
    3,516  
  55    
Rehabcare Group, Inc. (D)
    1,308  
  75    
Sirona Dental Systems, Inc. (D)
    1,490  
  299    
SSL International plc
    2,554  
  104    
STERIS Corp. 
    2,721  
  137    
Thoratec Corp. (D)
    3,676  
  45    
Triple-S Management Corp., Class B (D)
    698  
  2    
Utah Medical Products, Inc. 
    57  
  78    
Varian Medical Systems, Inc. (D)
    2,758  
  559    
Volcano Corp. (D)
    7,815  
  3    
Young Innovations, Inc. 
    56  
  250    
Zoll Medical Corp. (D)
    4,842  
                 
                      132,158  
                         
       
Household & Personal Products — 1.4%
  461    
American Oriental Bioengineering, Inc. (D)
    2,440  
  35    
Chattem, Inc. (D)
    2,407  
  20    
China Sky One Medical, Inc. (D)
    264  
  256    
Herbalife Ltd. 
    8,059  
  98    
Nu Skin Enterprises, Inc. Class A
    1,501  
                 
                      14,671  
                         
       
Insurance — 1.4%
  118    
Allied World Assurance Holdings Ltd. 
    4,803  
  198    
Assured Guaranty Ltd. 
    2,454  
  43    
eHealth, Inc. (D)
    760  
  618    
Lancashire Holdings Ltd. (D)
    4,748  
  74    
Tower Group, Inc. 
    1,829  
                 
                      14,594  
                         
       
Materials — 2.3%
  28    
Arch Chemicals, Inc. 
    678  
  46    
BWAY Holding Co. (D)
    809  
  5    
China Green Agriculture, Inc. (D)
    44  
  170    
Cytec Industries, Inc. 
    3,167  
  166    
Eagle Materials, Inc. 
    4,184  
  56    
Koppers Holdings, Inc. 
    1,464  
  75    
LSB Industries, Inc. (D)
    1,213  
  29    
Newmarket Corp. 
    1,983  
  29    
Omnova Solutions, Inc. (D)
    94  
  35    
Paramount Gold & Silver Corp. (D)
    53  
  59    
Rock Tenn Co. Class A
    2,252  
  176    
Scotts Miracle-Gro Co. Class A
    6,162  
  33    
Silgan Holdings, Inc. 
    1,605  
  107    
Worthington Industries, Inc. 
    1,363  
                 
                      25,071  
                         
       
Media — 1.2%
  6    
Carmike Cinemas, Inc. 
    50  
  145    
Dolan Media Co. (D)
    1,859  
  135    
DreamWorks Animation SKG, Inc. (D)
    3,729  
  172    
Marvel Entertainment, Inc. (D)
    6,124  
  32    
National Cinemedia, Inc. 
    435  
 
The accompanying notes are an integral part of these financial statements.

­ ­  147  ­ ­


Table of Contents

 
Hartford Small Company HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Media — (continued)
  14    
Rentrak Corp. (D)
  $ 229  
                 
                      12,426  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 8.6%
  601    
Alkermes, Inc. (D)
    6,498  
  14    
Aryx Therapeutics, Inc. (D)
    56  
  135    
Auxilium Pharmaceuticals, Inc. (D)
    4,231  
  60    
Avanir Pharmaceuticals (D)
    134  
  109    
AVI BioPharma, Inc. (D)
    172  
  616    
Celera Corp. (D)
    4,697  
  73    
Cephalon, Inc. (D)
    4,107  
  129    
Cougar Biotechnology, Inc. (D)
    5,559  
  376    
Cubist Pharmaceuticals, Inc. (D)
    6,894  
  25    
Dionex Corp. (D)
    1,521  
  186    
Enzon, Inc. (D)
    1,461  
  193    
eResearch Technology, Inc. (D)
    1,197  
  15    
Harvard Bioscience, Inc. (D)
    60  
  347    
Icon plc ADR (D)
    7,495  
  139    
Impax Laboratories, Inc. (D)
    1,025  
  154    
Isis Pharmaceuticals, Inc. (D)
    2,538  
  7    
Lannet, Inc. (D)
    46  
  116    
Martek Biosciences Corp. 
    2,449  
  24    
Maxygen, Inc. (D)
    164  
  301    
Medicines Co. (D)
    2,526  
  8    
Medicis Pharmaceutical Corp. Class A
    136  
  61    
Myriad Genetics, Inc. (D)
    2,175  
  40    
Myriad Pharmaceuticals, Inc. (D)
    188  
  269    
Nektar Therapeutics (D)
    1,746  
  83    
NPS Pharmaceuticals, Inc. (D)
    387  
  181    
Onyx Pharmaceuticals, Inc. (D)
    5,106  
  110    
OSI Pharmaceuticals, Inc. (D)
    3,097  
  419    
PAREXEL International Corp. (D)
    6,021  
  298    
PDL Biopharma, Inc. 
    2,353  
  319    
Questcor Pharmaceuticals (D)
    1,597  
  295    
Regeneron Pharmaceuticals, Inc. (D)
    5,282  
  167    
Spectrum Pharmaceuticals, Inc. (D)
    1,276  
  50    
United Therapeutics Corp. (D)
    4,197  
  95    
Vertex Pharmaceuticals, Inc. (D)
    3,387  
  229    
VIVUS, Inc. (D)
    1,391  
                 
                      91,169  
                         
       
Real Estate — 1.0%
  632    
Diamondrock Hospitality
    3,955  
  29    
PS Business Parks, Inc. 
    1,407  
  54    
Tanger Factory Outlet Center
    1,764  
  146    
Taubman Centers, Inc. 
    3,926  
                 
                      11,052  
                         
       
Retailing — 4.3%
  121    
99 Cents Only Stores (D)
    1,646  
  148    
Advance Automotive Parts, Inc. 
    6,148  
  117    
Aeropostale, Inc. (D)
    4,017  
  33    
Blue Nile, Inc. (D)
    1,428  
  68    
Cato Corp. 
    1,188  
  77    
Children’s Place Retail Stores, Inc. (D)
    2,039  
  51    
Citi Trends, Inc. (D)
    1,312  
  24    
Core-Mark Holding Co., Inc. (D)
    636  
  3    
Destination Maternity Corp. (D)
    52  
  72    
Fred’s, Inc. 
    911  
  205    
Gymboree Corp. (D)
    7,273  
  61    
Hibbett Sports, Inc. (D)
    1,100  
  187    
Hot Topic, Inc. (D)
    1,367  
  76    
J. Crew Group, Inc. (D)
    2,046  
  96    
Jo-Ann Stores, Inc. (D)
    1,982  
  43    
Joseph A. Bank Clothiers, Inc. (D)
    1,492  
  230    
Lumber Liquidators, Inc. (D)
    3,618  
  593    
OfficeMax, Inc. 
    3,724  
  110    
PetMed Express, Inc. (D)
    1,658  
  59    
Tractor Supply Co. (D)
    2,432  
  12    
Wet Seal, Inc. Class A (D)
    38  
                 
                      46,107  
                         
       
Semiconductors & Semiconductor Equipment — 4.1%
  285    
Amkor Technology, Inc. (D)
    1,350  
  359    
Atheros Communications, Inc. (D)
    6,911  
  81    
Cavium Networks, Inc. (D)
    1,363  
  63    
Hittite Microwave Corp. (D)
    2,196  
  23    
Micrel, Inc. 
    168  
  139    
Microsemi Corp. (D)
    1,915  
  59    
Netlogic Microsystems, Inc. (D)
    2,156  
  38    
NVE Corp. (D)
    1,834  
  1,110    
ON Semiconductor Corp. (D)
    7,617  
  2,507    
RF Micro Devices, Inc. (D)
    9,428  
  112    
Semtech Corp. (D)
    1,789  
  411    
Skyworks Solutions, Inc. (D)
    4,015  
  97    
Tessera Technologies, Inc. (D)
    2,457  
  45    
Ultratech Stepper, Inc. (D)
    553  
                 
                      43,752  
                         
       
Software & Services — 14.7%
  44    
ACI Worldwide, Inc. (D)
    618  
  214    
Acxiom Corp. 
    1,890  
  69    
Advent Software, Inc. (D)
    2,270  
  317    
ArcSight, Inc. (D)
    5,631  
  143    
Ariba, Inc. (D)
    1,404  
  387    
Art Technology Group, Inc. (D)
    1,472  
  92    
AsiaInfo Holdings, Inc. (D)
    1,586  
  96    
Blackbaud, Inc. 
    1,489  
  59    
Blackboard, Inc. (D)
    1,697  
  83    
Concur Technologies, Inc. (D)
    2,588  
  343    
Constant Contact, Inc. (D)
    6,795  
  42    
CSG Systems International, Inc. (D)
    557  
  105    
CyberSource Corp. (D)
    1,611  
  105    
DealerTrack Holdings, Inc. (D)
    1,787  
  59    
Digital River, Inc. (D)
    2,138  
  110    
Earthlink, Inc. (D)
    817  
  122    
Equinix, Inc. (D)
    8,847  
  4    
Forrester Research, Inc. (D)
    94  
  148    
Gartner, Inc. Class A (D)
    2,262  
  170    
Global Cash Access, Inc. (D)
    1,349  
  180    
Informatica Corp. (D)
    3,097  
  137    
j2 Global Communications, Inc. (D)
    3,081  
  192    
Jack Henry & Associates, Inc. 
    3,985  
  89    
Manhattan Associates, Inc. (D)
    1,626  
  31    
MAXIMUS, Inc. 
    1,281  
  95    
Mercadolibre, Inc. (D)
    2,547  
  26    
MicroStrategy, Inc. (D)
    1,300  
  46    
MoneyGram International, Inc. (D)
    83  
  104    
Net 1 UEPS Technologies, Inc. (D)
    1,416  
  45    
Netscout Systems, Inc. (D)
    419  
  250    
Neustar, Inc. (D)
    5,549  
  224    
Nice Systems Ltd. (D)
    5,177  
  236    
Parametric Technology Corp. (D)
    2,764  
  95    
Pegasystems, Inc. 
    2,495  
  163    
Rackspace Hosting, Inc. (D)
    2,258  
  269    
Red Hat, Inc. (D)
    5,424  
  157    
S1 Corp. (D)
    1,080  
  9    
Sapient Corp. (D)
    59  
  150    
Smith Micro Software, Inc. (D)
    1,472  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Software & Services — (continued)
  74    
Solarwinds, Inc. (D)
  $ 1,220  
  498    
Solera Holdings, Inc. (D)
    12,654  
  46    
SPSS, Inc. (D)
    1,520  
  62    
Syntel, Inc. 
    1,961  
  93    
Taleo Corp. Class A (D)
    1,694  
  317    
Tibco Software, Inc. (D)
    2,270  
  695    
TiVo, Inc. (D)
    7,284  
  26    
Tyler Corp. (D)
    400  
  161    
Valueclick, Inc. (D)
    1,692  
  285    
VistaPrint Ltd. (D)
    12,158  
  354    
Vocus, Inc. (D)
    6,994  
  174    
Websense, Inc. (D)
    3,101  
  171    
Wind River Systems, Inc. (D)
    1,964  
  352    
Wright Express Corp. (D)
    8,965  
                 
                      155,892  
                         
       
Technology — 0.0%
  18    
Polypore International, Inc. (D)
    197  
                 
       
Technology Hardware & Equipment — 7.9%
  880    
3Com Corp. (D)
    4,143  
  50    
Acme Packet, Inc. (D)
    507  
  72    
ADTRAN, Inc. 
    1,555  
  41    
Anaren Microwave, Inc. (D)
    721  
  197    
Arris Group, Inc. (D)
    2,390  
  254    
Aruba Networks, Inc. (D)
    2,222  
     
Bigband Networks, Inc. (D)
    1  
  200    
Brightpoint, Inc. (D)
    1,254  
  181    
Cogent, Inc. (D)
    1,937  
  59    
Cognex Corp. 
    829  
  56    
Comtech Telecommunications Corp. (D)
    1,775  
  118    
Data Domain, Inc. (D)
    3,925  
  30    
DG Fastchannel, Inc. (D)
    554  
  330    
Harmonic, Inc. (D)
    1,944  
  618    
Jabil Circuit, Inc. 
    4,583  
  43    
Logitech International S.A. (D)
    599  
  1    
Novatel Wireless, Inc. (D)
    8  
  55    
Osi Systems, Inc. (D)
    1,155  
  244    
Palm, Inc. (D)
    4,040  
  65    
Plantronics, Inc. 
    1,223  
  282    
Plexus Corp. (D)
    5,778  
  421    
Polycom, Inc. (D)
    8,536  
  358    
Riverbed Technology, Inc. (D)
    8,302  
  16    
Scansource, Inc. (D)
    404  
  911    
Seagate Technology
    9,527  
  357    
Starent Networks Corp. (D)
    8,723  
  70    
STEC, Inc. (D)
    1,621  
  76    
Synaptics, Inc. (D)
    2,950  
  106    
Tekelec (D)
    1,786  
                 
                      82,992  
                         
       
Telecommunication Services — 1.8%
  21    
AboveNet, Inc. (D)
    1,733  
  46    
Alaska Communication Systems Holdings, Inc. 
    336  
  5    
Cbeyond, Inc. (D)
    73  
  367    
Centennial Cellular Corp. Class A (D)
    3,067  
  10    
Consolidated Communications Holdings, Inc. 
    116  
  18    
Incontact, Inc. (D)
    49  
  125    
Iowa Telecommunications Services, Inc. 
    1,562  
  116    
Neutral Tandem, Inc. (D)
    3,414  
  97    
NTELOS Holdings Corp. 
    1,779  
  150    
Premiere Global Services, Inc. (D)
    1,624  
  47    
Shenandoah Telecommunications Co. 
    956  
  147    
Syniverse Holdings, Inc. (D)
    2,349  
  85    
USA Mobility, Inc. 
    1,082  
  214    
Virgin Mobile USA, Inc. (D)
    859  
                 
                      18,999  
                         
       
Transportation — 2.2%
  127    
Con-way, Inc. 
    4,477  
  121    
Copa Holdings S.A. Class A
    4,926  
  5    
Heartland Express, Inc. 
    81  
  207    
Hub Group, Inc. (D)
    4,267  
  143    
J.B. Hunt Transport Services, Inc. 
    4,378  
  22    
Knight Transportation, Inc. 
    359  
  357    
Localiza Rent a Car S.A. 
    2,206  
  287    
Tam S.A. (D)
    2,991  
                 
                      23,685  
                         
       
Utilities — 0.4%
  73    
New Jersey Resources Corp. 
    2,696  
  32    
South Jersey Industries, Inc. 
    1,125  
                 
                      3,821  
                         
       
Total common stocks
(cost $989,569)
  $ 1,020,916  
                 
                         
                         
EXCHANGE TRADED FUNDS — 1.5%
       
Other Investment Pools and Funds — 1.5%
  277    
iShares Russell 2000 Growth Index Fund
  $ 15,720  
                 
       
Total exchange traded funds
(cost $15,762)
  $ 15,720  
                 
       
Total long-term investments
(cost $1,005,331)
  $ 1,036,636  
                 
                         
                         
Principal
                 
Amount                  
 
SHORT-TERM INVESTMENTS — 2.4%
       
Repurchase Agreements — 2.2%
       
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $979, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $998)
       
$ 979    
   0.09%, 6/30/2009
  $ 979  
       
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $6,371, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $6,482)
       
  6,371    
   0.01%, 6/30/2009
    6,371  
       
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,011, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $9,192)
       
  9,011    
   0.05%, 6/30/2009
    9,011  
       
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,266, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $2,311)
       
  2,266    
   0.09%, 6/30/2009
    2,266  
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

 
Hartford Small Company HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
Principal
              Market
 
Amount               Value (W)  
 
                         
SHORT-TERM INVESTMENTS — (continued)
                         
       
Repurchase Agreements — (continued)
       
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,395, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $3,463)
       
$ 3,395    
   0.08%, 6/30/2009
  $ 3,395  
       
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $3)
       
  3    
   0.03%, 6/30/2009
    3  
       
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,196, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1,216)
       
  1,196    
   0.01%, 6/30/2009
    1,196  
                 
                      23,221  
                         
       
U.S. Treasury Bills — 0.2%
  1,950    
   0.13%, 7/16/2009 (S)(M)
    1,950  
                 
       
Total short-term investments
(cost $25,171)
          $ 25,171  
                         
       
Total investments
(cost $1,030,502) (C)
    99.9 %   $ 1,061,807  
       
Other assets and liabilities
    0.1 %     1,185  
                         
       
Total net assets
    100.0 %   $ 1,062,992  
                         
 
Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 3.5% of total net assets at June 30, 2009.
 
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
 
(C) At June 30, 2009, the cost of securities for federal income tax purposes was $1,055,819 and the aggregate gross unrealized appreciation and depreciation based on that cost were:
 
         
Unrealized Appreciation
  $ 86,269  
Unrealized Depreciation
    (80,281 )
         
Net Unrealized Appreciation
  $ 5,988  
         
 
(D) Currently non-income producing.
 
(M) The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.
 
(S) Security pledged as initial margin deposit for open futures contracts at June 30, 2009.
 
Futures Contracts Outstanding at June 30, 2009
 
                                 
                Unrealized
    Number of
      Expiration
  Appreciation/
Description
 
Contracts*
 
Position
 
Month
 
(Depreciation)
 
Russell 2000 Mini
    125       Long       Sep 2009     $ (156 )
                                 
 
* The number of contracts does not omit 000’s.
 
(W) See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.
 
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
 
                                 
    Total   Level 1   Level 2   Level 3
 
Assets:
                               
Common Stocks
  $ 1,020,916     $ 1,011,543     $ 9,373     $      —  
Exchange Traded Funds
    15,720       15,720              
Short-Term Investments
    25,171             25,171        
                                 
Total
  $ 1,061,807     $ 1,027,263     $ 34,544     $  
                                 
Liabilities:
                               
Other Financial Instruments (Q)
  $ 156     $ 156     $     $  
                                 
 
(Q) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment.
 
The accompanying notes are an integral part of these financial statements.

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Table of Contents

Hartford SmallCap Growth HLS Fund
 
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
COMMON STOCKS — 98.2%
       
Automobiles & Components — 0.3%
  237    
Amerigon, Inc. (D)
  $ 1,448  
     
Standard Motor Products
    4  
                 
                      1,452  
                         
       
Banks — 1.4%
  92    
Danvers Bancorp, Inc. 
    1,232  
  135    
Flushing Financial Corp. 
    1,260  
  65    
International Bancshares Corp. 
    667  
  123    
Ocwen Financial Corp. (D)
    1,595  
  43    
Signature Bank (D)
    1,155  
  105    
Western Alliance Bancorp (D)
    716  
                 
                      6,625  
                         
       
Capital Goods — 10.0%
  64    
A.O. Smith Corp. 
    2,088  
  46    
Aaon, Inc. 
    916  
  105    
Actuant Corp. Class A
    1,285  
  142    
Acuity Brands, Inc. 
    3,982  
  35    
Advanced Battery Technologies, Inc. (D)
    142  
  27    
AGCO Corp. (D)
    770  
  5    
American Superconductor Corp. (D)
    141  
  6    
Apogee Enterprises
    69  
  6    
Applied Signal Technology
    158  
  4    
AZZ, Inc. (D)
    146  
  16    
Beacon Roofing Supply, Inc. (D)
    236  
  108    
Belden, Inc. 
    1,798  
  114    
Ceradyne, Inc. (D)
    2,008  
  81    
Chart Industries, Inc. (D)
    1,472  
  4    
China Fire & Security Group (D)
    45  
     
Clarcor, Inc. 
    11  
  15    
Colfax Corp. (D)
    119  
  51    
Columbus McKinnon Corp. (D)
    639  
  4    
Cubic Corp. 
    156  
  10    
EMCOR Group, Inc. (D)
    192  
  9    
Energy Recovery, Inc. (D)
    64  
  3    
ESCO Technologies, Inc. (D)
    150  
  110    
Esterline Technologies Corp. (D)
    2,964  
  344    
Force Protection, Inc. (D)
    3,045  
  255    
GrafTech International Ltd. (D)
    2,879  
  1    
Graham Corp. 
    9  
  4    
Granite Construction, Inc. 
    120  
  141    
GT Solar International, Inc. (D)
    751  
  4    
Heico Corp. 
    154  
  5    
II-VI, Inc. (D)
    102  
  24    
Joy Global, Inc. 
    864  
  59    
Lennox International, Inc. 
    1,888  
  26    
Lindsay Corp. 
    874  
  13    
MasTec, Inc. (D)
    149  
  3    
Michael Baker Corp. (D)
    120  
  1    
Middleby Corp. (D)
    54  
  84    
Moog, Inc. Class A (D)
    2,178  
     
Nordson Corp. 
    4  
  14    
Orbital Sciences Corp. (D)
    205  
  8    
Orion Marine Group, Inc. (D)
    152  
  73    
Powell Industries, Inc. (D)
    2,717  
  152    
Robbins & Myers, Inc. 
    2,918  
  23    
Taser International, Inc. (D)
    104  
  79    
Teledyne Technologies, Inc. (D)
    2,573  
  127    
TransDigm Group, Inc. (D)
    4,594  
  1    
Trex Co., Inc. (D)
    15  
  119    
Ultralife Batteries, Inc. (D)
    850  
  4    
Watsco, Inc. 
    218  
                 
                      47,088  
                         
       
Commercial & Professional Services — 3.6%
  4    
ABM Industries, Inc. 
    72  
  1    
Administaff, Inc. 
    29  
  10    
American Reprographics Co. LLC (D)
    85  
  20    
APAC TeleServices, Inc. (D)
    105  
  7    
CBIZ, Inc. (D)
    51  
  48    
Consolidated Graphics, Inc. (D)
    841  
  1    
Geo Group, Inc. (D)
    10  
  1    
GP Strategies Corp. (D)
    3  
  9    
Healthcare Services Group, Inc. 
    159  
  14    
Herman Miller, Inc. 
    212  
  127    
Knoll, Inc. 
    963  
  72    
Manpower, Inc. 
    3,053  
  1    
McGrath RentCorp. 
    11  
  53    
Navigant Consulting, Inc. (D)
    689  
  94    
Resources Connection, Inc. (D)
    1,612  
  3    
Rollins, Inc. 
    50  
  178    
Sykes Enterprises, Inc. (D)
    3,216  
  8    
Tetra Tech, Inc. (D)
    240  
  150    
Watson Wyatt Worldwide, Inc. 
    5,640  
                 
                      17,041  
                         
       
Consumer Durables & Apparel — 2.8%
  69    
Carter’s, Inc. (D)
    1,689  
  2    
Deckers Outdoor Corp. (D)
    163  
  5    
Fossil, Inc. (D)
    126  
  126    
Iconix Brand Group, Inc. (D)
    1,932  
  34    
Jakks Pacific, Inc. (D)
    436  
  219    
Liz Claiborne, Inc. 
    630  
  355    
Smith & Wesson Holding Corp. (D)
    2,018  
  6    
Steven Madden Ltd. (D)
    155  
  9    
Sturm Ruger & Co., Inc. 
    114  
  13    
Tempur-Pedic International, Inc. 
    169  
  9    
Timberland Co. Class A (D)
    122  
  163    
True Religion Apparel, Inc. (D)
    3,637  
  9    
Tupperware Brands Corp. 
    225  
  4    
Under Armour, Inc. Class A (D)
    94  
  49    
Warnaco Group, Inc. (D)
    1,592  
  7    
Wolverine World Wide, Inc. 
    151  
                 
                      13,253  
                         
       
Consumer Services — 4.7%
  4    
American Public Education, Inc. (D)
    153  
  10    
Ameristar Casinos, Inc. 
    194  
  131    
Bally Technologies, Inc. (D)
    3,911  
  8    
BJ’s Restaurants, Inc. (D)
    139  
  22    
Buffalo Wild Wings, Inc. (D)
    726  
  10    
California Pizza Kitchen, Inc. (D)
    129  
  2    
Capella Education Co. (D)
    133  
  4    
CEC Entertainment, Inc. (D)
    131  
  15    
Cheesecake Factory, Inc. (D)
    253  
  8    
CKE Restaurants, Inc. 
    68  
  17    
Corinthian Colleges, Inc. (D)
    283  
  5    
Cracker Barrel Old Country Store, Inc. 
    129  
  22    
DineEquity, Inc. 
    689  
  12    
Domino’s Pizza, Inc. (D)
    90  
  52    
ITT Educational Services, Inc. (D)
    5,226  
  9    
Jack in the Box, Inc. (D)
    204  
  10    
Lincoln Educational Services Corp. (D)
    206  
  6    
P. F. Chang’s China Bistro, Inc. (D)
    194  
  5    
Papa John’s International, Inc. (D)
    124  
  12    
Pinnacle Entertainment, Inc. (D)
    112  
  56    
Pre-Paid Legal Services, Inc. (D)
    2,458  
  120    
Red Robin Gourmet Burgers, Inc. (D)
    2,258  
     
Steiner Leisure Ltd. (D)
    12  
  16    
Texas Roadhouse, Inc. (D)
    178  
 
The accompanying notes are an integral part of these financial statements.

­ ­  151  ­ ­


Table of Contents

 
Hartford SmallCap Growth HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Consumer Services — (continued)
  1    
Universal Travel Group (D)
  $ 6  
  137    
WMS Industries, Inc. (D)
    4,309  
                 
                      22,315  
                         
       
Diversified Financials — 1.2%
  11    
Advance America Cash Advance Centers, Inc. 
    49  
  125    
Ezcorp, Inc. (D)
    1,350  
  9    
First Cash Financial Services, Inc. (D)
    150  
  231    
GFI Group, Inc. 
    1,559  
  16    
Knight Capital Group, Inc. (D)
    266  
  9    
Life Partners Holdings, Inc. 
    129  
  143    
optionsXpress Holdings, Inc. 
    2,222  
  2    
Stifel Financial (D)
    111  
                 
                      5,836  
                         
       
Energy — 4.5%
  11    
Alon USA Energy, Inc. 
    109  
  144    
Arena Resources, Inc. (D)
    4,582  
  6    
Carbo Ceramics, Inc. 
    209  
  237    
Complete Production Services, Inc. (D)
    1,509  
  1    
Contango Oil & Gas Co. (D)
    57  
  4    
Dril-Quip, Inc. (D)
    165  
     
Isramco, Inc. (D)
    6  
  4    
Lufkin Industries, Inc. 
    188  
  12    
Matrix Service Co. (D)
    136  
  397    
McMoRan Exploration Co. (D)
    2,368  
  3    
NATCO Group, Inc. (D)
    96  
  26    
Overseas Shipholding Group, Inc. 
    868  
  465    
Rosetta Resources, Inc. (D)
    4,069  
  2    
RPC, Inc. 
    18  
  94    
St. Mary Land & Exploration Co. 
    1,964  
  66    
Swift Energy Co. (D)
    1,092  
  141    
Union Drilling, Inc. (D)
    930  
  6    
Uranium Energy Corp. (D)
    18  
  360    
Vaalco Energy, Inc. (D)
    1,521  
  132    
W&T Offshore, Inc. 
    1,285  
  15    
Willbros Group, Inc. (D)
    194  
  4    
World Fuel Services Corp. 
    171  
                 
                      21,555  
                         
       
Food & Staples Retailing — 0.7%
  83    
BJ’s Wholesale Club, Inc. (D)
    2,662  
  7    
Casey’s General Stores, Inc. 
    176  
  8    
Pantry, Inc. (D)
    131  
  6    
United Natural Foods, Inc. (D)
    151  
                 
                      3,120  
                         
       
Food, Beverage & Tobacco — 0.7%
  3    
American Dairy, Inc. (D)
    115  
  6    
American Italian Pasta Co. (D)
    178  
     
Cal-Maine Foods, Inc. 
    11  
  391    
Darling International, Inc. (D)
    2,579  
     
Diamond Foods, Inc. 
    13  
  2    
J&J Snack Foods Corp. 
    84  
  6    
Lancaster Colony Corp. 
    250  
  3    
Lance, Inc. 
    76  
  5    
Sanderson Farms, Inc. 
    215  
  5    
Vector Group Ltd. 
    65  
                 
                      3,586  
                         
       
Health Care Equipment & Services — 9.9%
  18    
Align Technology, Inc. (D)
    186  
  4    
Amedisys, Inc. (D)
    147  
  198    
American Medical Systems Holdings (D)
    3,126  
  10    
Amerigroup Corp. (D)
    266  
  245    
Angiodynamics, Inc. (D)
    3,249  
  6    
Athenahealth, Inc. (D)
    218  
  34    
Beckman Coulter, Inc. 
    1,937  
  5    
Catalyst Health Solutions (D)
    120  
  8    
Centene Corp. (D)
    160  
     
Chemed Corp. 
    13  
  39    
Community Health Systems, Inc. (D)
    995  
  151    
Corvel Corp. (D)
    3,429  
  9    
CryoLife, Inc. (D)
    51  
  152    
Cyberonics, Inc. (D)
    2,523  
  138    
Eclipsys Corp. (D)
    2,458  
  4    
Emergency Medical Services (D)
    162  
  1    
Enteromedics, Inc. (D)
    3  
  4    
Genoptix, Inc. (D)
    136  
  4    
Haemonetics Corp. (D)
    209  
  73    
Hanger Orthopedic Group, Inc. (D)
    989  
  10    
HealthSouth Corp. (D)
    143  
  319    
Healthspring, Inc. (D)
    3,462  
  7    
HMS Holdings Corp. (D)
    271  
  5    
ICU Medical, Inc. (D)
    205  
  4    
IPC The Hospitalist Co. (D)
    115  
  2    
Landauer, Inc. 
    113  
  86    
LHC Group, Inc. (D)
    1,908  
  103    
LifePoint Hospitals, Inc. (D)
    2,706  
  137    
Masimo Corp. (D)
    3,297  
  13    
MedAssets, Inc. (D)
    246  
  6    
NuVasive, Inc. (D)
    270  
  316    
OraSure Technologies, Inc. (D)
    782  
  119    
Orthofix International N.V. (D)
    2,979  
  7    
Palomar Medical Technologies, Inc. (D)
    98  
  91    
PharMerica Corp. (D)
    1,780  
  10    
Phase Forward, Inc. (D)
    157  
  5    
Providence Service Corp. (D)
    55  
  5    
Quality Systems
    290  
  5    
Rehabcare Group, Inc. (D)
    108  
  6    
Sirona Dental Systems, Inc. (D)
    123  
  9    
STERIS Corp. 
    226  
  130    
Symmetry Medical, Inc. (D)
    1,215  
  11    
Thoratec Corp. (D)
    302  
  61    
Triple-S Management Corp., Class B (D)
    944  
  62    
U.S. Physical Therapy, Inc. (D)
    909  
     
Utah Medical Products, Inc. 
    4  
  73    
Volcano Corp. (D)
    1,015  
     
Young Innovations, Inc. 
    4  
  150    
Zoll Medical Corp. (D)
    2,899  
                 
                      47,003  
                         
       
Household & Personal Products — 2.4%
  672    
American Oriental Bioengineering, Inc. (D)
    3,552  
  3    
Chattem, Inc. (D)
    198  
  2    
China Sky One Medical, Inc. (D)
    22  
  485    
Nu Skin Enterprises, Inc. Class A
    7,419  
                 
                      11,191  
                         
       
Insurance — 2.1%
  115    
Allied World Assurance Holdings Ltd. 
    4,679  
  205    
Amerisafe, Inc. (D)
    3,183  
  51    
Axis Capital Holdings Ltd. 
    1,325  
  4    
eHealth, Inc. (D)
    63  
  25    
Platinum Underwriters Holdings Ltd. 
    709  
  6    
Tower Group, Inc. 
    152  
                 
                      10,111  
                         
       
Materials — 1.7%
  2    
Arch Chemicals, Inc. 
    55  
  4    
BWAY Holding Co. (D)
    67  
  39    
Calgon Carbon Corp. (D)
    540  
     
China Green Agriculture, Inc. (D)
    4  
 
The accompanying notes are an integral part of these financial statements.

­ ­  152  ­ ­


Table of Contents

 

 


 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Materials — (continued)
  128    
Cliff’s Natural Resources, Inc. 
  $ 3,120  
  143    
Headwaters, Inc. (D)
    481  
  5    
Koppers Holdings, Inc. 
    121  
  6    
LSB Industries, Inc. (D)
    100  
  2    
Newmarket Corp. 
    165  
  40    
OM Group, Inc. (D)
    1,167  
  2    
Omnova Solutions, Inc. (D)
    8  
  3    
Paramount Gold & Silver Corp. (D)
    4  
  47    
Rock Tenn Co. Class A
    1,801  
  3    
Silgan Holdings, Inc. 
    132  
  9    
Worthington Industries, Inc. 
    112  
                 
                      7,877  
                         
       
Media — 2.2%
  316    
Arbitron, Inc. 
    5,026  
  1    
Carmike Cinemas, Inc. 
    4  
  12    
Dolan Media Co. (D)
    154  
  149    
Marvel Entertainment, Inc. (D)
    5,289  
  3    
National Cinemedia, Inc. 
    36  
  1    
Rentrak Corp. (D)
    19  
                 
                      10,528  
                         
       
Pharmaceuticals, Biotechnology & Life Sciences — 13.8%
  427    
Alkermes, Inc. (D)
    4,619  
  51    
Alnylam Pharmaceuticals, Inc. (D)
    1,134  
  333    
Arena Pharmaceuticals, Inc. (D)
    1,664  
  1    
Aryx Therapeutics, Inc. (D)
    5  
  5    
Avanir Pharmaceuticals (D)
    11  
  9    
AVI BioPharma, Inc. (D)
    14  
  24    
Bio-Rad Laboratories, Inc. Class A (D)
    1,804  
  134    
Bruker Corp. (D)
    1,241  
  349    
Celera Corp. (D)
    2,660  
  204    
Cepheid, Inc. (D)
    1,919  
  313    
Cubist Pharmaceuticals, Inc. (D)
    5,732  
  90    
Cypress Bioscience (D)
    843  
  774    
Cytokinetics, Inc. (D)
    2,192  
  2    
Dionex Corp. (D)
    126  
  15    
Enzon, Inc. (D)
    122  
  16    
eResearch Technology, Inc. (D)
    99  
  1    
Harvard Bioscience, Inc. (D)
    5  
  12    
Impax Laboratories, Inc. (D)
    85  
  13    
Isis Pharmaceuticals, Inc. (D)
    209  
  147    
Kendle International, Inc. (D)
    1,798  
  1    
Lannet, Inc. (D)
    4  
  10    
Martek Biosciences Corp. 
    202  
  2    
Maxygen, Inc. (D)
    14  
  309    
Medicines Co. (D)
    2,592  
  1    
Medicis Pharmaceutical Corp. Class A
    11  
  48    
Metabolix, Inc. (D)
    391  
  86    
Myriad Genetics, Inc. (D)
    3,066  
  23    
Myriad Pharmaceuticals, Inc. (D)
    109  
  22    
Nektar Therapeutics (D)
    144  
  7    
NPS Pharmaceuticals, Inc. (D)
    34  
  128    
Onyx Pharmaceuticals, Inc. (D)
    3,618  
  91    
OSI Pharmaceuticals, Inc. (D)
    2,566  
  25    
PDL Biopharma, Inc. 
    194  
  78    
Perrigo Co. 
    2,167  
  132    
Pharmasset, Inc. (D)
    1,486  
  26    
Questcor Pharmaceuticals (D)
    132  
  260    
Regeneron Pharmaceuticals, Inc. (D)
    4,657  
  212    
Rigel Pharmaceuticals, Inc. (D)
    2,567  
  463    
Salix Pharmaceuticals Ltd. (D)
    4,573  
  171    
Sepracor, Inc. (D)
    2,958  
  14    
Spectrum Pharmaceuticals, Inc. (D)
    106  
  101    
Theravance, Inc. (D)
    1,483  
  71    
Varian, Inc. (D)
    2,808  
  19    
VIVUS, Inc. (D)
    115  
  57    
Watson Pharmaceuticals, Inc. (D)
    1,934  
  60    
Xenoport, Inc. (D)
    1,397  
                 
                      65,610  
                         
       
Real Estate — 1.1%
  45    
American Capital Agency Corp. 
    1,029  
  183    
Anworth Mortgage Asset Corp. 
    1,318  
  223    
Brandywine Realty Trust
    1,659  
  152    
MFA Mortgage Investments, Inc. 
    1,052  
  2    
PS Business Parks, Inc. 
    116  
  5    
Tanger Factory Outlet Center
    158  
                 
                      5,332  
                         
       
Retailing — 4.4%
  10    
99 Cents Only Stores (D)
    136  
  32    
Abercrombie & Fitch Co. Class A
    823  
  164    
Big Lots, Inc. (D)
    3,453  
  3    
Blue Nile, Inc. (D)
    118  
  6    
Cato Corp. 
    98  
  6    
Children’s Place Retail Stores, Inc. (D)
    168  
  64    
Citi Trends, Inc. (D)
    1,664  
  69    
Collective Brands, Inc. (D)
    1,001  
  2    
Core-Mark Holding Co., Inc. (D)
    52  
     
Destination Maternity Corp. (D)
    4  
  6    
Fred’s, Inc. 
    75  
  95    
Gymboree Corp. (D)
    3,385  
  5    
Hibbett Sports, Inc. (D)
    91  
  85    
Hot Topic, Inc. (D)
    621  
  6    
J. Crew Group, Inc. (D)
    170  
  8    
Jo-Ann Stores, Inc. (D)
    164  
  39    
Joseph A. Bank Clothiers, Inc. (D)
    1,350  
  66    
Netflix, Inc. (D)
    2,708  
  99    
Nutri/System, Inc. 
    1,430  
  119    
Overstock.com, Inc. (D)
    1,419  
  9    
PetMed Express, Inc. (D)
    137  
  5    
Tractor Supply Co. (D)
    200  
  504    
Wet Seal, Inc. Class A (D)
    1,547  
                 
                      20,814  
                         
       
Semiconductors & Semiconductor Equipment — 5.0%
  24    
Amkor Technology, Inc. (D)
    111  
  242    
Atheros Communications, Inc. (D)
    4,659  
  5    
Hittite Microwave Corp. (D)
    183  
  2    
Micrel, Inc. 
    15  
  12    
Microsemi Corp. (D)
    159  
  5    
Netlogic Microsystems, Inc. (D)
    176  
  3    
NVE Corp. (D)
    150  
  361    
ON Semiconductor Corp. (D)
    2,478  
  300    
PMC — Sierra, Inc. (D)
    2,386  
  1,177    
RF Micro Devices, Inc. (D)
    4,426  
  10    
Semtech Corp. (D)
    155  
  585    
Skyworks Solutions, Inc. (D)
    5,726  
  73    
Tessera Technologies, Inc. (D)
    1,834  
  4    
Ultratech Stepper, Inc. (D)
    46  
  48    
Varian Semiconductor Equipment Associates, Inc. (D)
    1,158  
                 
                      23,662  
                         
       
Software & Services — 12.9%
  4    
ACI Worldwide, Inc. (D)
    51  
  18    
Acxiom Corp. 
    156  
  6    
Advent Software, Inc. (D)
    188  
  12    
Ariba, Inc. (D)
    116  
  484    
Art Technology Group, Inc. (D)
    1,838  
  190    
AsiaInfo Holdings, Inc. (D)
    3,265  
 
The accompanying notes are an integral part of these financial statements.

­ ­  153  ­ ­


Table of Contents

 
Hartford SmallCap Growth HLS Fund

 
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
 
                         
                Market
 
Shares                  Value (W)  
                         
COMMON STOCKS — (continued)
                         
       
Software & Services — (continued)
  8    
Blackbaud, Inc. 
  $ 123  
  5    
Blackboard, Inc. (D)
    140  
  158    
Commvault Systems, Inc. (D)
    2,626  
  7    
Concur Technologies, Inc. (D)
    214  
  185    
CSG Systems International, Inc. (D)
    2,453  
  9    
CyberSource Corp. (D)
    133  
  9    
DealerTrack Holdings, Inc. (D)
    147  
  5    
Digital River, Inc. (D)
    176  
  220    
Earthlink, Inc. (D)
    1,633  
     
Forrester Research, Inc. (D)
    8  
  12    
Gartner, Inc. Class A (D)
    187  
  14    
Global Cash Access, Inc. (D)
    111  
  229    
Informatica Corp. (D)
    3,930  
  186    
j2 Global Communications, Inc. (D)
    4,187  
  16    
Jack Henry & Associates, Inc. 
    328  
  110    
JDA Software Group, Inc. (D)
    1,650  
  7    
Manhattan Associates, Inc. (D)
    135  
  3    
MAXIMUS, Inc. 
    106  
  96    
Mercadolibre, Inc. (D)
    2,574  
  2    
MicroStrategy, Inc. (D)
    107  
  4    
MoneyGram International, Inc. (D)
    7  
  68    
Net 1 UEPS Technologies, Inc. (D)
    927  
  4    
Netscout Systems, Inc. (D)
    35  
  396    
Parametric Technology Corp. (D)
    4,624  
  8    
Pegasystems, Inc. 
    205  
  13    
Rackspace Hosting, Inc. (D)
    186  
  130    
Red Hat, Inc. (D)
    2,609  
  66    
RightNow Technologies, Inc. (D)
    783  
  13    
S1 Corp. (D)
    88  
  528    
Sapient Corp. (D)
    3,319  
  12    
Smith Micro Software, Inc. (D)
    122  
  46    
Sohu.com, Inc. (D)
    2,859  
  6    
Solarwinds, Inc. (D)
    100  
  127    
Solera Holdings, Inc. (D)
    3,224  
  4    
SPSS, Inc. (D)
    127  
  35    
Sybase, Inc. (D)
    1,109  
  5    
Syntel, Inc. 
    162  
  8    
Taleo Corp. Class A (D)
    141  
  179    
TeleCommunication Systems, Inc. Class A (D)
    1,271  
  350    
Tibco Software, Inc. (D)
    2,508  
  196    
TiVo, Inc. (D)
    2,055  
  2    
Tyler Corp. (D)
    31  
  402    
United Online, Inc. 
    2,619  
  13    
Valueclick, Inc. (D)
    139  
  88    
Vignette Corp. (D)
    1,160  
  31    
VistaPrint Ltd. (D)
    1,324  
  5    
Vocus, Inc. (D)
    105  
  14    
Websense, Inc. (D)
    256  
  14    
Wind River Systems, Inc. (D)
    162  
  98    
Wright Express Corp. (D)
    2,507  
                 
                      61,346  
                         
       
Technology — 0.2%
  68    
Polypore International, Inc. (D)
    758