N-CSR

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-07589

THE HARTFORD MUTUAL FUNDS, INC.
(Exact name of registrant as specified in charter)

5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087

(Address of Principal Executive Offices) (Zip Code)

Edward P. Macdonald, Esquire

Hartford Funds Management Company, LLC

5 Radnor Corporate Center, Suite 300

100 Matsonford Road

Radnor, Pennsylvania 19087

(Name and Address of Agent for Service)

Registrant’s telephone number, including area code: (610) 386-4068

Date of fiscal year end: October 31

Date of reporting period: October 31, 2014

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Reports to Stockholders.

HARTFORDFUNDS

THE HARTFORD BALANCED FUND  2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Balanced Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	6
Statement of Assets and Liabilities at October 31, 2014	15
Statement of Operations for the Year Ended October 31, 2014	16
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	17
Notes to Financial Statements	18
Financial Highlights	33
Report of Independent Registered Public Accounting Firm	35
Directors and Officers (Unaudited)	36
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	38
Quarterly Portfolio Holdings Information (Unaudited)	38
Federal Tax Information (Unaudited)	39
Expense Example (Unaudited)	40
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	41
Main Risks (Unaudited)	45

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Balanced Fund inception 07/22/1996

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term total return.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Balanced A#		11.60	%		11.55	%		6.49	%
Balanced A##		5.46	%		10.29	%		5.89	%
Balanced B#		10.64	%		10.61	%		5.79	%*
Balanced B##		5.64	%		10.34	%		5.79	%*
Balanced C#		10.82	%		10.76	%		5.73	%
Balanced C##		9.82	%		10.76	%		5.73	%
Balanced R3#		11.32	%		11.29	%		6.40	%
Balanced R4#		11.67	%		11.63	%		6.64	%
Balanced R5#		12.02	%		11.97	%		6.90	%
Balanced Y#		12.08	%		12.04	%		6.97	%
Balanced Fund Blended Index		11.74	%		11.67	%		6.89	%
Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index		0.05	%		0.09	%		1.58	%
Barclays Government/Credit Bond Index		4.21	%		4.43	%		4.61	%
S&P 500 Index		17.27	%		16.69	%		8.20	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses. 

Balanced Fund Blended Index is calculated by Hartford Funds Management Company, LLC and represents the weighted return of 60% S&P 500 Index, 35% Barclays Government/Credit Bond Index and 5% Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index.

Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index is an unmanaged index that tracks the performance of U.S. dollar denominated U.S. Treasury bills publicly issued in the U.S. domestic markets with maturities of 90 days or less that assumes reinvestment of all income.

Barclays Government/Credit Bond Index is an unmanaged, market-value-weighted index of all debt obligations of the U.S. Treasury and U.S. Government agencies (excluding mortgaged-backed securities) and of all publicly-issued fixed-rate, nonconvertible, investment grade domestic corporate debt.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Balanced Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Balanced Class A		1.18	%		1.21	%
Balanced Class B		2.04	%		2.27	%
Balanced Class C		1.89	%		1.89	%
Balanced Class R3		1.40	%		1.51	%
Balanced Class R4		1.10	%		1.15	%
Balanced Class R5		0.80	%		0.86	%
Balanced Class Y		0.74	%		0.74	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Karen H. Grimes, CFA	John C. Keogh
Senior Vice President and Equity Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Balanced Fund returned 11.60%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s custom benchmark (60% S&P 500 Index, 35% Barclays Government/Credit Bond Index, and 5% Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index), which returned 11.74% for the same period. The Fund outperformed the 8.98% average return of the Lipper Mixed-Asset Target Allocation Growth Funds peer group, a group of funds that hold between 60%-80% in equity securities, with the remainder invested in bonds, cash, and cash equivalents. For the same period, the S&P 500 Index returned 17.27%, the Barclays Government/Credit Bond Index returned 4.21%, and the Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index returned 0.05%.

Why did the Fund perform this way?

The S&P 500 Index surged during the period (+17%), despite bouts of significant volatility. After finishing its best year since 1997, the S&P 500 Index began 2014 with its worst month in nearly two years. Worries about an economic slowdown in China and general angst surrounding emerging markets overshadowed a fairly benign domestic environment. However, robust merger and acquisition activity and an uncontested increase in the debt ceiling from Congress helped stoke investors' risk appetites in February. The rally continued in May amid renewed signs of life in the housing market and the best payroll gain in more than two years. However, a pullback in July ended a streak of five consecutive monthly gains. Fear gripped the market as heightened geopolitical risks, a potential Portuguese banking crisis, and worries of U.S. Federal Reserve (Fed) tightening took center stage. Stocks rebounded in August as investors were emboldened by encouraging economic data, headlined by better-than-expected Gross Domestic Product (GDP) growth and signs that the housing recovery still had legs. In September, U.S. equities retreated for just the third month this year. Despite solid manufacturing and consumer confidence readings, the reality of quantitative easing ending and the prospect of higher federal funds rates in mid-2015 contributed to increased risk aversion levels. Stocks finished a volatile October at an all-time high on the heels of a positive earnings season and generally solid economic data. Returns varied noticeably by market-cap, as small- and mid-cap stocks underperformed large-cap stocks. Within the S&P 500 Index, Healthcare (+30%), Information Technology (+26%), and Utilities (+22%) posted the largest gains, while the Energy (+4%), Telecommunication Services (+5%), and Consumer Discretionary (+9%) sectors lagged on a relative basis.

The bond market, as measured by the Barclays Government/Credit Bond Index, returned 4.21% during the period. Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and the Fed leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely

3

The Hartford Balanced Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

suggested the economy was on a sustainable growth path. Second quarter GDP rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

The Fund has three primary levers to generate investment performance: equity investments, fixed income investments, and asset allocation among stocks, bonds, and cash. During the period, the equity portion of the Fund underperformed the S&P 500 Index, while the fixed income portion performed in line with the Barclays Government/Credit Bond Index. Asset allocation contributed positively to the custom benchmark-relative results as the Fund was overweight equities relative to this benchmark in an environment where equities outperformed.

Equity underperformance versus the S&P 500 Index was driven primarily by security selection within the Information Technology, Energy, and Consumer Discretionary sectors. An overweight to and security selection in Healthcare and an underweight to Telecommunications Services contributed to benchmark-relative performance.

During the period, stocks that detracted the most from relative returns in the equity portion of the Fund included Academy CoInvest (Consumer Discretionary), Apple (Information Technology) and BG Group (Energy). Our private placement position in Academy CoInvest, a U.S.-based apparel, fitness, and recreational products retailer, declined during the period driven by a change in the fair-value price derived from key comparable companies, a group that experienced declining earnings in aggregate. Academy CoInvest has been a positive absolute contributor since inception of the position. Shares of Apple, a maker of an interconnected ecosystem of computing and mobile devices, rose after the company posted better-than-expected quarterly earnings and gave solid guidance for the fourth quarter; our underweight relative to the benchmark detracted. Shares of BG Group, a UK-based natural gas company, fell short of consensus expectations as upstream operating profits fell as production declined due to a slide in crude oil prices which reverberated through the oil and gas industry. Academy, Ford Motor (Consumer Discretionary), and BG Group detracted most from absolute results during the period.

Top contributors to relative performance in the equity portion of the Fund during the period were Vertex Pharmaceuticals (Healthcare), Covidien (Healthcare) and Amazon.com (Consumer Discretionary). Shares of Vertex Pharmaceuticals, a biotechnology firm with a focus on cancer and neurodegenerative diseases, rose as the company launched its product to treat cystic fibrosis patients, which we believe puts the company in a good position to grow its platform in this treatment area. Covidien, a U.S.-based medical products, manufacturing and distribution company, outperformed over the period after medical device giant Medtronic agreed to acquire Covidien for a mix of cash and stock. Covidien also reported solid third quarter results as it continues to grow its key business segments. Not owning Amazon.com, a U.S.-based global e-commerce retailer, contributed to S&P 500 Index-relative results as the company has experienced three consecutive quarterly losses amid investor concerns that it is overstretched as it attempts to move into niche markets. The Fund’s holdings in Microsoft (Information Technology), and Wells Fargo (Financials) contributed on an absolute basis.

The fixed income portion of the Fund performed roughly in line with the Barclays Government/Credit Bond Index during the period. An out-of-benchmark allocation to agency pass-through mortgages contributed the most to benchmark-relative results. Security selection within investment grade corporates also contributed to relative results, particularly within industrials and financials. Non corporate investment grade credit detracted from relative results driven by sovereigns and local agencies.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We believe U.S. fundamentals remain supportive of moderate growth, but acknowledge some risks have increased since the start of the year including geopolitical risks, such as continued conflicts in the Middle East, tougher Russian sanctions, and the cyber-security attacks.

The Healthcare and Consumer Staples sectors represented our largest sector overweight and underweight, respectively, at the end of the period.

On the fixed income side, we ended the period with a moderately positive risk posture, continuing to favor financial issuers within investment grade credit. We continued to hold an out-of-benchmark allocation, relative to the Fund’s custom benchmark, to agency mortgage backed securities. At the end of the period, the Fund’s equity exposure was at 69% compared to 60% in the Fund’s custom benchmark and at the upper end of the Fund’s 50-70% range.

4

The Hartford Balanced Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Aaa/ AAA		2.9	%
Aa/ AA		15.1
A		4.4
Baa/ BBB		4.6
Ba/ BB		0.2
Non-Debt Securities and Other Short-Term Instruments		72.7
Other Assets and Liabilities		0.1
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Equity Securities
Common Stocks		68.8	%
Total		68.8	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		0.3	%
Corporate Bonds		9.7
Foreign Government Obligations		0.1
Municipal Bonds		0.9
U.S. Government Agencies		2.6
U.S. Government Securities		13.6
Total		27.2	%
Short-Term Investments		3.9
Other Assets and Liabilities		0.1
Total		100.0	%

5

The Hartford Balanced Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 68.8%
		Automobiles and Components - 0.5%
	269	Ford Motor Co.	$	3,787
		Banks - 3.9%
	107	BB&T Corp.		4,046
	101	PNC Financial Services Group, Inc.		8,708
	288	Wells Fargo & Co.		15,279
				28,033
		Capital Goods - 4.6%
	62	3M Co.		9,519
	92	Eaton Corp. plc		6,285
	92	Fortune Brands Home & Security, Inc.		3,970
	93	Ingersoll-Rand plc		5,830
	38	PACCAR, Inc.		2,495
	46	United Technologies Corp.		4,890
				32,989
		Consumer Durables and Apparel - 0.5%
	34	PVH Corp.		3,934
		Diversified Financials - 6.7%
	36	Ameriprise Financial, Inc.		4,593
	23	BlackRock, Inc.		7,709
	165	Citigroup, Inc.		8,816
	30	Goldman Sachs Group, Inc.		5,738
	165	Invesco Ltd.		6,661
	247	JP Morgan Chase & Co.		14,933
				48,450
		Energy - 6.0%
	65	Anadarko Petroleum Corp.		5,938
	230	BG Group plc		3,830
	58	Chevron Corp.		6,969
	45	EOG Resources, Inc.		4,277
	97	Exxon Mobil Corp.		9,420
	106	Halliburton Co.		5,834
	53	Occidental Petroleum Corp.		4,704
	69	Southwestern Energy Co. ●		2,240
				43,212
		Food and Staples Retailing - 1.1%
	89	CVS Health Corp.		7,663
		Food, Beverage and Tobacco - 3.3%
	32	Anheuser-Busch InBev N.V. ADR		3,585
	35	Diageo plc ADR		4,176
	62	Kraft Foods Group, Inc.		3,481
	113	Mondelez International, Inc.		3,991
	48	Philip Morris International, Inc.		4,273
	119	Unilever N.V. NY Shares ADR		4,617
				24,123
		Health Care Equipment and Services - 3.3%
	64	Baxter International, Inc.		4,503
	99	Covidien plc		9,133
	55	Medtronic, Inc.		3,742
	68	UnitedHealth Group, Inc.		6,480
				23,858
		Insurance - 2.3%
	107	American International Group, Inc.		5,705
	162	Marsh & McLennan Cos., Inc.		8,797
	74	Unum Group		2,465
				16,967
		Materials - 1.9%
	119	Dow Chemical Co.		5,879
	98	International Paper Co.		4,945
	60	Nucor Corp.		3,238
				14,062
		Media - 2.9%
	76	CBS Corp. Class B		4,131
	107	Comcast Corp. Class A		5,945
	112	Thomson Reuters Corp.		4,165
	76	Walt Disney Co.		6,936
				21,177
		Pharmaceuticals, Biotechnology and Life Sciences - 10.6%
	74	Agilent Technologies, Inc.		4,074
	44	Amgen, Inc.		7,103
	79	AstraZeneca plc ADR		5,755
	155	Bristol-Myers Squibb Co.		8,996
	61	Celgene Corp. ●		6,575
	69	Gilead Sciences, Inc. ●		7,683
	28	Johnson & Johnson		2,986
	223	Merck & Co., Inc.		12,938
	20	Roche Holding AG		6,036
	90	UCB S.A.		7,220
	50	Vertex Pharmaceuticals, Inc. ●		5,576
	55	Zoetis, Inc.		2,055
				76,997
		Retailing - 3.0%
	2,007	Allstar Co. ⌂●†		1,703
	10	AutoZone, Inc. ●		5,369
	75	Home Depot, Inc.		7,314
	67	Nordstrom, Inc.		4,865
	32	Tory Burch LLC ⌂●†		2,123
				21,374
		Semiconductors and Semiconductor Equipment - 3.6%
	115	Analog Devices, Inc.		5,682
	276	Intel Corp.		9,370
	277	Maxim Integrated Products, Inc.		8,124
	65	Xilinx, Inc.		2,882
				26,058
		Software and Services - 6.6%
	78	Accenture plc		6,287
	95	eBay, Inc. ●		4,993
	18	Google, Inc. Class C ●		9,895
	300	Microsoft Corp.		14,104
	139	Oracle Corp.		5,428
	282	Symantec Corp.		7,007
				47,714
		Technology Hardware and Equipment - 5.5%
	145	Apple, Inc.		15,703
	487	Cisco Systems, Inc.		11,912
	281	EMC Corp.		8,085
	50	Qualcomm, Inc.		3,957
				39,657
		Telecommunication Services - 0.4%
	56	Verizon Communications, Inc.		2,820
		Transportation - 0.9%
	41	FedEx Corp.		6,780

The accompanying notes are an integral part of these financial statements.

6

The Hartford Balanced Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 68.8% - (continued)
		Utilities - 1.2%
	85	NextEra Energy, Inc.	$	8,489
		Total Common Stocks
		(Cost $337,315)	$	498,144
Asset and Commercial Mortgage Backed Securities - 0.3%
		Finance and Insurance - 0.3%
		Ally Master Owner Trust
$	900	1.54%, 09/15/2019	$	900
		Hilton USA Trust
	345	2.66%, 11/05/2030 ■		347
		Santander Drive Automotive Receivables Trust
	85	2.33%, 11/15/2019		85
	140	2.57%, 03/15/2019		142
		SBA Tower Trust
	310	2.90%, 10/15/2044 ■Δ		311
		Westlake Automobile Receivables Trust
	360	0.97%, 10/16/2017 ■		360
				2,145
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $2,143)	$	2,145
Corporate Bonds - 9.7%
		Accommodation and Food Services - 0.0%
		Sysco Corp.
$	85	3.00%, 10/02/2021	$	86
	50	3.50%, 10/02/2024		51
				137
		Air Transportation - 0.2%
		Continental Airlines, Inc.
	623	5.98%, 04/19/2022		689
		Southwest Airlines Co.
	400	5.75%, 12/15/2016		436
	514	6.15%, 08/01/2022		590
				1,715
		Arts, Entertainment and Recreation - 0.5%
		21st Century Fox America
	180	4.00%, 10/01/2023		188
		British Sky Broadcasting Group plc
	220	3.75%, 09/16/2024 ■		221
		Comcast Corp.
	1,000	5.90%, 03/15/2016		1,070
	150	6.40%, 05/15/2038		192
		DirecTV Holdings LLC
	545	4.45%, 04/01/2024		569
		Discovery Communications, Inc.
	55	3.25%, 04/01/2023		54
		News America, Inc.
	220	4.50%, 02/15/2021		240
		Time Warner Cable, Inc.
	780	5.85%, 05/01/2017		862
	80	6.55%, 05/01/2037		101
	60	7.30%, 07/01/2038		82
		Viacom, Inc.
	145	3.88%, 12/15/2021		150
				3,729
		Beverage and Tobacco Product Manufacturing - 0.4%
		Altria Group, Inc.
	330	4.50%, 05/02/2043		320
	420	4.75%, 05/05/2021		463
		Anheuser-Busch InBev Worldwide, Inc.
	610	7.75%, 01/15/2019		740
		BAT International Finance plc
	565	3.25%, 06/07/2022 ■		567
		Coca-Cola Femsa S.A.B. de C.V.
	222	2.38%, 11/26/2018		224
	250	3.88%, 11/26/2023		260
		Molson Coors Brewing Co.
	12	2.00%, 05/01/2017		12
	180	3.50%, 05/01/2022		181
	85	5.00%, 05/01/2042		88
		Philip Morris International, Inc.
	300	2.63%, 03/06/2023		291
				3,146
		Chemical Manufacturing - 0.0%
		Monsanto Co.
	65	4.70%, 07/15/2064		67
		Computer and Electronic Product Manufacturing - 0.1%
		Apple, Inc.
	300	2.85%, 05/06/2021		304
	270	3.45%, 05/06/2024		278
	35	4.45%, 05/06/2044		37
		EMC Corp.
	366	1.88%, 06/01/2018		364
				983
		Couriers and Messengers - 0.1%
		FedEx Corp.
	50	2.63%, 08/01/2022		49
	80	2.70%, 04/15/2023		77
	180	4.90%, 01/15/2034		197
	300	5.10%, 01/15/2044		330
				653
		Finance and Insurance - 4.7%
		ACE INA Holdings, Inc.
	185	3.35%, 05/15/2024		186
		American Express Centurion Bank
	1,200	6.00%, 09/13/2017		1,348
		American International Group, Inc.
	180	4.13%, 02/15/2024		190
		American Tower Corp.
	225	3.45%, 09/15/2021		220
		AvalonBay Communities, Inc.
	150	3.63%, 10/01/2020		156
		Bank of America Corp.
	750	4.20%, 08/26/2024		756
	560	5.00%, 05/13/2021		620
	1,200	5.42%, 03/15/2017		1,299
		Barclays Bank plc
	200	2.50%, 02/20/2019		202
	350	3.75%, 05/15/2024		354
	150	6.05%, 12/04/2017 ■		166
		BNP Paribas
	425	2.40%, 12/12/2018		428
	65	3.25%, 03/03/2023		65

The accompanying notes are an integral part of these financial statements.

7

The Hartford Balanced Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Corporate Bonds - 9.7% - (continued)
		Finance and Insurance - 4.7% - (continued)
		BP Capital Markets plc
$	25	3.99%, 09/26/2023	$	26
	575	4.75%, 03/10/2019		634
		BPCE S.A.
	375	2.50%, 12/10/2018		377
	250	4.00%, 04/15/2024		258
	200	5.15%, 07/21/2024 ■		206
		Brandywine Operating Partnership L.P.
	350	5.70%, 05/01/2017		381
		Capital One Bank
	345	2.15%, 11/21/2018		344
		Capital One Financial Corp.
	445	2.15%, 03/23/2015		448
	615	3.75%, 04/24/2024		623
		Caterpillar Financial Services Corp.
	400	3.30%, 06/09/2024		402
		CDP Financial, Inc.
	575	4.40%, 11/25/2019 ■		636
		Citigroup, Inc.
	255	2.50%, 07/29/2019		256
	300	4.95%, 11/07/2043		328
	140	5.30%, 05/06/2044		149
	550	5.85%, 08/02/2016		593
	300	6.13%, 05/15/2018		341
	105	8.13%, 07/15/2039		158
		Credit Agricole S.A.
	405	2.50%, 04/15/2019 ■		408
		Credit Suisse New York
	250	2.30%, 05/28/2019		250
	335	3.63%, 09/09/2024		336
		Discover Financial Services
	645	6.45%, 06/12/2017		720
		Eaton Vance Corp.
	99	6.50%, 10/02/2017		112
		Five Corners Funding Trust
	315	4.42%, 11/15/2023 ■		333
		Ford Motor Credit Co. LLC
	615	2.38%, 03/12/2019		614
		General Electric Capital Corp.
	400	3.10%, 01/09/2023		401
	800	4.63%, 01/07/2021		892
	925	5.88%, 01/14/2038		1,135
		Goldman Sachs Group, Inc.
	655	2.38%, 01/22/2018		661
	275	3.63%, 01/22/2023		276
	250	3.70%, 08/01/2015		256
	595	5.63%, 01/15/2017		645
	470	6.25%, 02/01/2041		582
		HCP, Inc.
	335	6.00%, 01/30/2017		370
		HSBC Holdings plc
	650	6.10%, 01/14/2042		841
		ING Bank N.V.
	900	3.75%, 03/07/2017 ■		948
		JP Morgan Chase & Co.
	650	3.25%, 09/23/2022		651
	180	3.38%, 05/01/2023		176
	475	3.70%, 01/20/2015		478
	230	5.40%, 01/06/2042		267
	100	6.30%, 04/23/2019		116
		Korea Development Bank
	550	2.50%, 03/11/2020		548
		Liberty Mutual Group, Inc.
	100	4.25%, 06/15/2023 ■		103
		Loews Corp.
	165	2.63%, 05/15/2023		157
		Merrill Lynch & Co., Inc.
	300	6.40%, 08/28/2017		338
		MetLife, Inc.
	60	1.90%, 12/15/2017		61
	525	3.60%, 04/10/2024		535
	235	4.88%, 11/13/2043		255
		Morgan Stanley
	425	2.50%, 01/24/2019		428
	200	3.70%, 10/23/2024		200
	550	5.75%, 01/25/2021		631
		National City Corp.
	125	6.88%, 05/15/2019		148
		Nissan Motor Acceptance Corp.
	700	1.80%, 03/15/2018 ■		700
		Nordea Bank AB
	330	3.70%, 11/13/2014 ■		330
		Prudential Financial, Inc.
	200	3.50%, 05/15/2024		201
	300	4.50%, 11/15/2020		326
		Rabobank Nederland
	750	3.20%, 03/11/2015 ■		757
		Republic New York Capital I
	250	7.75%, 11/15/2026		252
		Scentre Group
	345	2.38%, 11/05/2019 ■☼		344
		Sovereign Bancorp, Inc.
	1,000	8.75%, 05/30/2018		1,210
		State Grid Overseas Investment
	380	2.75%, 05/07/2019 ■		383
		Synchrony Financial
	75	3.00%, 08/15/2019		76
		Teachers Insurance & Annuity Association of America
	100	4.90%, 09/15/2044 ■		106
		U.S. Bancorp
	165	3.70%, 01/30/2024		172
		Wachovia Corp.
	100	5.75%, 06/15/2017		111
		Wellpoint, Inc.
	81	3.30%, 01/15/2023		80
		Wells Fargo & Co.
	1,794	4.48%, 01/16/2024		1,899
				33,969
		Food Manufacturing - 0.2%
		ConAgra Foods, Inc.
	50	1.90%, 01/25/2018		50
		Kraft Foods Group, Inc.
	145	2.25%, 06/05/2017		148
	90	3.50%, 06/06/2022		92
		Mondelez International, Inc.
	700	4.13%, 02/09/2016		728
		Tyson Foods, Inc.
	65	2.65%, 08/15/2019		66
				1,084

The accompanying notes are an integral part of these financial statements.

8

The Hartford Balanced Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Corporate Bonds - 9.7% - (continued)
		Health Care and Social Assistance - 0.7%
		Actavis Funding SCS
$	250	4.85%, 06/15/2044 ■	$	236
		Bayer Finance LLC
	375	3.00%, 10/08/2021 ■		377
		Catholic Health Initiatives
	155	2.60%, 08/01/2018		158
		Celgene Corp.
	55	2.25%, 05/15/2019		55
	125	3.63%, 05/15/2024		126
		CVS Caremark Corp.
	470	4.00%, 12/05/2023		495
		Dignity Health
	35	2.64%, 11/01/2019		35
	80	3.81%, 11/01/2024		82
		Eli Lilly & Co.
	215	4.65%, 06/15/2044		232
		Express Scripts Holding Co.
	315	2.25%, 06/15/2019		313
	460	3.50%, 06/15/2024		456
		Forest Laboratories, Inc.
	60	4.88%, 02/15/2021 ■		64
		Gilead Sciences, Inc.
	195	3.70%, 04/01/2024		200
		GlaxoSmithKline Capital, Inc.
	460	2.80%, 03/18/2023		452
		Kaiser Foundation Hospitals
	60	3.50%, 04/01/2022		61
	115	4.88%, 04/01/2042		128
		McKesson Corp.
	25	2.85%, 03/15/2023		24
	205	3.80%, 03/15/2024		208
		Medtronic, Inc.
	65	3.63%, 03/15/2024		66
		Merck & Co., Inc.
	315	2.80%, 05/18/2023		312
	125	4.15%, 05/18/2043		130
		Novartis Capital Corp.
	550	3.40%, 05/06/2024		565
		Zoetis, Inc.
	30	3.25%, 02/01/2023		30
	35	4.70%, 02/01/2043		36
				4,841
		Information - 0.6%
		America Movil S.A.B. de C.V.
	250	3.13%, 07/16/2022		246
		AT&T, Inc.
	25	5.35%, 09/01/2040		27
	105	5.55%, 08/15/2041		115
	175	6.55%, 02/15/2039		217
		Orange S.A.
	650	4.13%, 09/14/2021		687
		Verizon Communications, Inc.
	45	3.45%, 03/15/2021		46
	490	3.50%, 11/01/2021		500
	880	4.50%, 09/15/2020		955
	130	4.75%, 11/01/2041		131
	1,180	6.40%, 09/15/2033		1,437
				4,361
		Machinery Manufacturing - 0.1%
		Caterpillar, Inc.
	170	3.40%, 05/15/2024		174
	100	4.30%, 05/15/2044		103
		Hutchison Whampoa International Ltd.
	200	3.63%, 10/31/2024 ■		198
				475
		Mining - 0.1%
		BHP Billiton Finance USA Ltd.
	335	3.85%, 09/30/2023		351
		Rio Tinto Finance USA Ltd.
	365	3.75%, 09/20/2021		380
				731
		Miscellaneous Manufacturing - 0.0%
		United Technologies Corp.
	65	3.10%, 06/01/2022		66
		Motor Vehicle and Parts Manufacturing - 0.1%
		Daimler Finance NA LLC
	1,000	2.63%, 09/15/2016 ■		1,029
		Other Services - 0.0%
		Illinois Tool Works, Inc.
	165	3.50%, 03/01/2024		170
		Petroleum and Coal Products Manufacturing - 0.4%
		Atmos Energy Corp.
	1,160	6.35%, 06/15/2017		1,308
		Gazprom Neft OAO via GPN Capital S.A.
	200	4.38%, 09/19/2022 ■		177
		Schlumberger Investment S.A.
	330	3.65%, 12/01/2023		345
		Shell International Finance B.V.
	200	4.38%, 03/25/2020		221
		Statoil ASA
	310	2.90%, 11/08/2020		318
		Total Capital S.A.
	325	2.70%, 01/25/2023		316
				2,685
		Pipeline Transportation - 0.2%
		Kinder Morgan Energy Partners L.P.
	1,000	6.95%, 01/15/2038		1,167
		Real Estate, Rental and Leasing - 0.1%
		ERAC USA Finance Co.
	140	2.35%, 10/15/2019 ■		139
	70	2.75%, 03/15/2017 ■		72
	510	4.50%, 08/16/2021 ■		555
	250	5.63%, 03/15/2042 ■		285
				1,051
		Retail Trade - 0.3%
		Amazon.com, Inc.
	285	2.50%, 11/29/2022		267
		AutoZone, Inc.
	200	3.13%, 07/15/2023		195
	355	3.70%, 04/15/2022		363
		Home Depot, Inc.
	75	4.40%, 03/15/2045		79
		Kroger (The) Co.
	125	3.30%, 01/15/2021		127
	230	4.00%, 02/01/2024		239

The accompanying notes are an integral part of these financial statements.

9

The Hartford Balanced Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Corporate Bonds - 9.7% - (continued)
		Retail Trade - 0.3% - (continued)
		Lowe's Cos., Inc.
$	600	4.63%, 04/15/2020	$	668
				1,938
		Soap, Cleaning Compound and Toilet Manufacturing - 0.3%
		Procter & Gamble Co.
	1,457	9.36%, 01/01/2021		1,817
		Utilities - 0.6%
		Consolidated Edison Co. of NY
	655	5.30%, 12/01/2016		714
		Electricitie De France
	525	4.88%, 01/22/2044 ■		559
	525	5.63%, 01/22/2024 ■♠		556
		Indianapolis Power and Light
	750	6.60%, 06/01/2037 ■		1,024
		NiSource Finance Corp.
	70	4.80%, 02/15/2044		74
		Pacific Gas & Electric Co.
	135	3.85%, 11/15/2023		142
	85	5.13%, 11/15/2043		96
		Southern California Edison Co.
	750	5.55%, 01/15/2037		921
				4,086
		Wholesale Trade - 0.0%
		Heineken N.V.
	245	2.75%, 04/01/2023 ■		234
	10	4.00%, 10/01/2042 ■		9
				243
		Total Corporate Bonds
		(Cost $65,689)	$	70,143
Foreign Government Obligations - 0.1%
		Mexico - 0.1%
		Mexico (United Mexican States)
$	372	3.50%, 01/21/2021	$	383
		Total Foreign Government Obligations
		(Cost $370)	$	383
Municipal Bonds - 0.9%
		General Obligations - 0.2%
		California State GO, Taxable,
$	250	7.55%, 04/01/2039	$	375
		Chicago, IL, Metropolitan Water Reclamation GO,
	130	5.72%, 12/01/2038		162
		Illinois State GO,
	150	5.10%, 06/01/2033		147
		Los Angeles, CA, USD GO,
	800	5.75%, 07/01/2034		987
				1,671
		Health Care/Services - 0.1%
		University of California,
	100	6.55%, 05/15/2048		132
		University of California, Regents MedCenter Pooled Rev,
	375	6.58%, 05/15/2049		494
				626
		Higher Education (Univ., Dorms, etc.) - 0.1%
		University of California, Build America Bonds Rev,
	370	5.77%, 05/15/2043		454
		Tax Allocation - 0.1%
		Dallas, TX, Area Rapid Transit Sales Tax Rev,
	425	6.00%, 12/01/2044		558
		Transportation - 0.4%
		Bay Area, CA, Toll Auth Bridge Rev,
	650	6.26%, 04/01/2049		894
		Illinois State Toll Highway Auth, Taxable Rev,
	350	6.18%, 01/01/2034		442
		Maryland State Transportation Auth,
	255	5.89%, 07/01/2043		326
		New York & New Jersey PA,
	185	5.86%, 12/01/2024		230
	115	6.04%, 12/01/2029		145
		North Texas Tollway Auth Rev,
	730	6.72%, 01/01/2049		1,015
				3,052
		Utilities - Combined - 0.0%
		Utility Debt Securitization Auth, New York,
	100	3.44%, 12/15/2025		104
		Utilities - Electric - 0.0%
		Municipal Elec Auth Georgia,
	150	6.64%, 04/01/2057		191
		Total Municipal Bonds
		(Cost $5,326)	$	6,656
U.S. Government Agencies - 2.6%
		FHLMC - 0.4%
$	68	4.00%, 03/01/2041	$	73
	2,815	4.50%, 08/01/2033 - 11/01/2043		3,057
				3,130
		FNMA - 1.9%
	12,387	4.50%, 04/01/2039 - 06/01/2044		13,448
		GNMA - 0.3%
	436	6.00%, 11/20/2023 - 09/15/2034		494
	591	6.50%, 04/15/2026 - 02/15/2035		675
	628	7.00%, 11/15/2031 - 11/15/2033		743
	137	8.00%, 12/15/2029 - 02/15/2031		149
				2,061
		Total U.S. Government Agencies
		(Cost $18,212)	$	18,639
U.S. Government Securities - 13.6%
Other Direct Federal Obligations - 0.9%
		FFC - 0.9%
$	5,000	9.80%, 04/06/2018	$	6,423

The accompanying notes are an integral part of these financial statements.

10

The Hartford Balanced Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
U.S. Government Securities - 13.6% - (continued)
U.S. Treasury Securities - 12.7%
		U.S. Treasury Bonds - 1.9%
$	865	2.75%, 11/15/2042			$	813
	5,420	2.88%, 05/15/2043				5,218
	3,988	3.13%, 02/15/2043 - 08/15/2044				4,035
	1,850	3.38%, 05/15/2044				1,963
	1,400	6.00%, 02/15/2026 ‡				1,890
						13,919
		U.S. Treasury Notes - 10.8%
	490	0.25%, 11/30/2015				491
	4,350	0.38%, 06/30/2015 - 05/31/2016 □				4,354
	15,000	0.50%, 08/31/2016				15,021
	1,500	0.63%, 05/31/2017				1,494
	534	0.88%, 01/31/2017				537
	9,300	1.00%, 09/30/2016 - 05/31/2018				9,321
	1,525	1.25%, 11/30/2018				1,516
	9,400	1.38%, 09/30/2018				9,413
	5,000	1.50%, 06/30/2016				5,091
	8,280	1.63%, 07/31/2019				8,300
	9,745	1.75%, 09/30/2019				9,810
	2,365	2.38%, 08/15/2024				2,374
	1,850	2.75%, 02/15/2024				1,921
	955	3.50%, 05/15/2020				1,043
	1,950	3.88%, 05/15/2018				2,131
	5,200	4.50%, 05/15/2017				5,688
						78,505
						92,424
		Total U.S. Government Securities
		(Cost $95,670)			$	98,847
		Total Long-Term Investments
		(Cost $524,725)			$	694,957
Short-Term Investments - 3.9%
Repurchase Agreements - 3.9%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $82, collateralized by U.S. Treasury Note 1.50%, 2019, value of $83)
$	81	0.08%, 10/31/2014			$	81
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,389, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $1,417)
	1,389	0.09%, 10/31/2014				1,389
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $373, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $381)
	373	0.08%, 10/31/2014				373
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,265, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $1,290)
	1,265	0.10%, 10/31/2014				1,265
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,766, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $4,861)
	4,766	0.08%, 10/31/2014				4,766
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,478, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $5,587)
	5,478	0.09%, 10/31/2014				5,478
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $316, collateralized by U.S. Treasury Note 0.88%, 2017, value of $323)
	316	0.13%, 10/31/2014				316
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $465, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $475)
	465	0.07%, 10/31/2014				465
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,904, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $5,002)
	4,904	0.08%, 10/31/2014				4,904
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $9,503, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $9,693)
	9,503	0.10%, 10/31/2014				9,503
						28,540
		Total Short-Term Investments
		(Cost $28,540)			$	28,540
		Total Investments
		(Cost $553,265) ▲	99.9	%	$	723,497
		Other Assets and Liabilities	0.1	%		811
		Total Net Assets	100.0	%	$	724,308

The accompanying notes are an integral part of these financial statements.

11

The Hartford Balanced Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $556,241 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	172,827
Unrealized Depreciation		(5,571	)
Net Unrealized Appreciation	$	167,256

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $3,826, which represents 0.5% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

● Non-income producing.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $12,740, which represents 1.8% of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale.  A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
08/2011		2,007	Allstar Co.	$	873
11/2013		32	Tory Burch LLC		2,539

At October 31, 2014, the aggregate value of these securities was $3,826, which represents 0.5% of total net assets.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $343 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

□ This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

The accompanying notes are an integral part of these financial statements.

12

The Hartford Balanced Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts Outstanding at October 31, 2014

	Number of	Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)				Variation Margin
Description	Contracts*	Date	Amount		Value ╪		Asset		Liability		Asset		Liability
Long position contracts:
U.S. Treasury 10-Year Note Future	31	12/19/2014	$	3,880	$	3,917	$	37	$	—	$	—	$	(8	)

* The number of contracts does not omit 000's.

TBA Sale Commitments Outstanding at October 31, 2014

Description	Principal Amount		Maturity Date	Market Value ╪		Unrealized Appreciation/ Depreciation
FNMA, 4.50%	$	4,100	11/15/2044	$	4,443	$	(11	)

At October 31, 2014, the aggregate market value of these securities represents 0.6% of total net assets.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Municipal Bond Abbreviations:
GO	General Obligation
PA	Port Authority
Rev	Revenue
USD	United School District
Other Abbreviations:
ADR	American Depositary Receipt
FFC	Federal Financing Corp.
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
TBA	To Be Announced

The accompanying notes are an integral part of these financial statements.

13

The Hartford Balanced Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	2,145	$	—	$	2,145	$	—
Common Stocks ‡		498,144		477,232		17,086		3,826
Corporate Bonds		70,143		—		68,864		1,279
Foreign Government Obligations		383		—		383		—
Municipal Bonds		6,656		—		6,656		—
U.S. Government Agencies		18,639		—		18,639		—
U.S. Government Securities		98,847		4,216		94,631		—
Short-Term Investments		28,540		—		28,540		—
Total	$	723,497	$	481,448	$	236,944	$	5,105
Futures *	$	37	$	37	$	—	$	—
Total	$	37	$	37	$	—	$	—
Liabilities:
TBA Sale Commitments	$	4,443	$	—	$	4,443	$	—
Total	$	4,443	$	—	$	4,443	$	—

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

‡ The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3		Transfers Out of Level 3		Balance as of October 31, 2014
Assets:
Common Stocks	$	3,849	$	140	$	(2,205	)*	$	—	$	2,539	$	(497	)	$	—	$	—	$	3,826
Corporate Bonds		1,323		—		7	†		—		—		(51	)		—		—		1,279
Total	$	5,172	$	140	$	(2,198	)	$	—	$	2,539	$	(548	)	$	—	$	—	$	5,105

* Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(2,090).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $7.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

14

The Hartford Balanced Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $553,265)	$	723,497
Cash		4
Receivables:
Investment securities sold		16,215
Fund shares sold		623
Dividends and interest		2,017
Other assets		52
Total assets		742,408
Liabilities:
TBA sale commitments, at market value (proceeds $4,432)		4,443
Payables:
Investment securities purchased		12,696
Fund shares redeemed		651
Investment management fees		92
Administrative fees		—
Distribution fees		53
Variation margin on financial derivative instruments		8
Accrued expenses		155
Other liabilities		2
Total liabilities		18,100
Net assets	$	724,308
Summary of Net Assets:
Capital stock and paid-in-capital	$	689,588
Undistributed net investment income		597
Accumulated net realized loss		(136,127	)
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		170,250
Net assets	$	724,308
Shares authorized		910,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$20.54/$21.74
Shares outstanding		28,489
Net assets	$	585,217
Class B: Net asset value per share	$	20.42
Shares outstanding		423
Net assets	$	8,635
Class C: Net asset value per share	$	20.54
Shares outstanding		6,171
Net assets	$	126,773
Class R3: Net asset value per share	$	20.75
Shares outstanding		29
Net assets	$	593
Class R4: Net asset value per share	$	20.78
Shares outstanding		38
Net assets	$	786
Class R5: Net asset value per share	$	20.80
Shares outstanding		8
Net assets	$	157
Class Y: Net asset value per share	$	20.82
Shares outstanding		103
Net assets	$	2,147

The accompanying notes are an integral part of these financial statements.

15

The Hartford Balanced Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	10,518
Interest		5,816
Less: Foreign tax withheld		(135	)
Total investment income		16,199
Expenses:
Investment management fees		4,661
Administrative services fees
Class R3		1
Class R4		1
Class R5		—
Transfer agent fees
Class A		1,039
Class B		55
Class C		138
Class R3		—
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		1,412
Class B		104
Class C		1,152
Class R3		3
Class R4		2
Custodian fees		7
Accounting services fees		125
Registration and filing fees		138
Board of Directors' fees		19
Audit fees		24
Other expenses		129
Total expenses (before waivers and fees paid indirectly)		9,010
Expense waivers		(1	)
Transfer agent fee waivers		(24	)
Commission recapture		—
Total waivers and fees paid indirectly		(25	)
Total expenses, net		8,985
Net Investment Income		7,214
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		38,398
Net realized loss on TBA sale transactions		(216	)
Net realized loss on futures contracts		(47	)
Net realized gain on swap contracts		37
Net realized gain on foreign currency contracts		15
Net realized loss on other foreign currency transactions		(6	)
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		38,181
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation of investments		29,620
Net unrealized depreciation of TBA sale commitments		(7	)
Net unrealized appreciation of futures contracts		37
Net unrealized depreciation of swap contracts		(9	)
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(11	)
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		29,630
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		67,811
Net Increase in Net Assets Resulting from Operations	$	75,025

The accompanying notes are an integral part of these financial statements.

16

The Hartford Balanced Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the  Year Ended October 31, 2014			For the  Year Ended October 31, 2013
Operations:
Net investment income	$	7,214		$	6,862
Net realized gain on investments, other financial instruments and foreign currency transactions		38,181			25,722
Net unrealized appreciation of investments, other financial instruments and foreign currency transactions		29,630			64,392
Net Increase in Net Assets Resulting from Operations		75,025			96,976
Distributions to Shareholders:
From net investment income
Class A		(6,596	)		(6,295	)
Class B		(25	)		(45	)
Class C		(590	)		(477	)
Class R3		(6	)		(5	)
Class R4		(8	)		(18	)
Class R5		(2	)		(2	)
Class Y		(33	)		(31	)
Total distributions		(7,260	)		(6,873	)
Capital Share Transactions:
Class A		(12,446	)		(15,316	)
Class B		(4,619	)		(5,676	)
Class C		15,371			9,097
Class R3		(106	)		192
Class R4		190			(1,120	)
Class R5		3			—
Class Y		(29	)		(118	)
Net decrease from capital share transactions		(1,636	)		(12,941	)
Net Increase in Net Assets		66,129			77,162
Net Assets:
Beginning of period		658,179			581,017
End of period	$	724,308		$	658,179
Undistributed (distributions in excess of) net investment income	$	597		$	430

The accompanying notes are an integral part of these financial statements.

17

The Hartford Balanced Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Balanced Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the

18

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include

19

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable. 

20

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the

21

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund, as shown on the Schedule of Investments, had open TBA commitments as of October 31, 2014, which may be a part of dollar roll transactions.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security,

22

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund had no outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

23

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads

24

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund had no outstanding credit default swap contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Liabilities:
Variation margin payable *	$	8	$	—	$	—	$	—	$	—	$	—	$	8
Total	$	8	$	—	$	—	$	—	$	—	$	—	$	8

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative appreciation of $37 as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit Contracts			Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on futures contracts	$	(47	)	$	—	$	—		$	—	$	—	$	—	$	(47	)
Net realized gain on swap contracts		—			—		37			—		—		—		37
Net realized gain on foreign currency contracts		—			15		—			—		—		—		15
Total	$	(47	)	$	15	$	37		$	—	$	—	$	—	$	5
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of futures contracts	$	37		$	—	$	—		$	—	$	—	$	—	$	37
Net change in unrealized depreciation of swap contracts		—			—		(9	)		—		—		—		(9	)
Total	$	37		$	—	$	(9	)	$	—	$	—	$	—	$	28

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

25

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Pledged			Cash Collateral Pledged		Net Amount (not less than $0)
Description
Futures contracts - variation margin payable	$	8	$	—	$	(85	)	$	—	$	—
Total subject to a master netting or similar arrangement	$	8	$	—	$	(85	)	$	—	$	—

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The

26

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	7,260	$	6,873

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	597
Accumulated Capital and Other Losses*		(133,113	)
Unrealized Appreciation†		167,236
Total Accumulated Earnings	$	34,720

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	213
Accumulated Net Realized Gain (Loss)		(213	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire

27

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

Year of Expiration	Amount
2017	$	133,113
Total	$	133,113

During the year ended October 31, 2014, the Fund utilized $40,031 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.6900%
On next $500 million	0.6250%
On next $4 billion	0.5750%
On next $5 billion	0.5725%
Over $10 billion	0.5700%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.018%
On next $5 billion	0.014%
Over $10 billion	0.010%

28

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class R3	Class R4	Class R5	Class Y
1.18%	NA	NA	1.40%	1.10%	0.80%	NA

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.17	%
Class B		2.04
Class C		1.86
Class R3		1.40
Class R4		1.10
Class R5		0.80
Class Y		0.74

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $883 and contingent deferred sales charges of $11 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on

29

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R5		99	%		—	%*

* Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	253,686	$	85,649	$	339,335
Sales Proceeds		267,120		85,562		352,682

30

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		2,893		325		(3,860	)		(642	)		3,048		354		(4,345	)		(943	)
Amount	$	56,723	$	6,415	$	(75,584	)	$	(12,446	)	$	53,386	$	6,101	$	(74,803	)	$	(15,316	)
Class B
Shares		25		1		(263	)		(237	)		80		3		(414	)		(331	)
Amount	$	471	$	25	$	(5,115	)	$	(4,619	)	$	1,391	$	44	$	(7,111	)	$	(5,676	)
Class C
Shares		1,499		28		(737	)		790			1,176		26		(701	)		501
Amount	$	29,311	$	559	$	(14,499	)	$	15,371		$	20,822	$	454	$	(12,179	)	$	9,097
Class R3
Shares		8		—		(13	)		(5	)		12		—		(1	)		11
Amount	$	142	$	6	$	(254	)	$	(106	)	$	213	$	5	$	(26	)	$	192
Class R4
Shares		12		—		(2	)		10			19		1		(82	)		(62	)
Amount	$	234	$	7	$	(51	)	$	190		$	320	$	17	$	(1,457	)	$	(1,120	)
Class R5
Shares		—		1		—			1			—		—		—			—
Amount	$	1	$	2	$	—		$	3		$	—	$	2	$	(2	)	$	—
Class Y
Shares		15		2		(19	)		(2	)		15		2		(23	)		(6	)
Amount	$	298	$	33	$	(360	)	$	(29	)	$	259	$	31	$	(408	)	$	(118	)
Total
Shares		4,452		357		(4,894	)		(85	)		4,350		386		(5,566	)		(830	)
Amount	$	87,180	$	7,047	$	(95,863	)	$	(1,636	)	$	76,391	$	6,654	$	(95,986	)	$	(12,941	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		117	$	2,300
For the Year Ended October 31, 2013		157	$	2,711

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on

31

The Hartford Balanced Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

32

The Hartford Balanced Fund

Financial Highlights

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	18.62	$	0.23	$	1.92	$	2.15	$	(0.23	)	$	–	$	(0.23	)	$	20.54		11.60	%	$	585,217		1.17	%		1.17	%		1.17	%
B		18.50		0.06		1.91		1.97		(0.05	)		–		(0.05	)		20.42		10.64			8,635		2.27			2.04			0.33
C		18.63		0.09		1.92		2.01		(0.10	)		–		(0.10	)		20.54		10.82			126,773		1.86			1.86			0.47
R3		18.81		0.18		1.94		2.12		(0.18	)		–		(0.18	)		20.75		11.32			593		1.50			1.40			0.93
R4		18.83		0.24		1.95		2.19		(0.24	)		–		(0.24	)		20.78		11.67			786		1.16			1.10			1.22
R5		18.85		0.30		1.95		2.25		(0.30	)		–		(0.30	)		20.80		12.02			157		0.86			0.80			1.53
Y		18.87		0.32		1.95		2.27		(0.32	)		–		(0.32	)		20.82		12.08			2,147		0.74			0.74			1.59
For the Year Ended October 31, 2013
A	$	16.06	$	0.22	$	2.56	$	2.78	$	(0.22	)	$	–	$	(0.22	)	$	18.62		17.40	%	$	542,452		1.21	%		1.18	%		1.24	%
B		15.94		0.07		2.54		2.61		(0.05	)		–		(0.05	)		18.50		16.43			12,206		2.27			2.04			0.42
C		16.07		0.09		2.57		2.66		(0.10	)		–		(0.10	)		18.63		16.58			100,230		1.89			1.89			0.52
R3		16.23		0.17		2.59		2.76		(0.18	)		–		(0.18	)		18.81		17.11			641		1.51			1.40			0.98
R4		16.23		0.24		2.59		2.83		(0.23	)		–		(0.23	)		18.83		17.55			531		1.15			1.10			1.35
R5		16.26		0.28		2.59		2.87		(0.28	)		–		(0.28	)		18.85		17.81			140		0.86			0.80			1.62
Y		16.27		0.30		2.59		2.89		(0.29	)		–		(0.29	)		18.87		17.92			1,979		0.74			0.74			1.69
For the Year Ended October 31, 2012 (D)
A	$	14.63	$	0.22	$	1.44	$	1.66	$	(0.23	)	$	–	$	(0.23	)	$	16.06		11.42	%	$	483,041		1.24	%		1.18	%		1.40	%
B		14.51		0.09		1.42		1.51		(0.08	)		–		(0.08	)		15.94		10.43			15,803		2.24			2.05			0.55
C		14.64		0.10		1.45		1.55		(0.12	)		–		(0.12	)		16.07		10.60			78,414		1.92			1.92			0.67
R3		14.78		0.18		1.47		1.65		(0.20	)		–		(0.20	)		16.23		11.22			378		1.56			1.40			1.17
R4		14.79		0.24		1.44		1.68		(0.24	)		–		(0.24	)		16.23		11.44			1,456		1.16			1.10			1.59
R5		14.81		0.28		1.46		1.74		(0.29	)		–		(0.29	)		16.26		11.84			121		0.88			0.80			1.78
Y		14.82		0.29		1.46		1.75		(0.30	)		–		(0.30	)		16.27		11.89			1,804		0.75			0.75			1.83
For the Year Ended October 31, 2011
A	$	14.23	$	0.18	$	0.40	$	0.58	$	(0.18	)	$	–	$	(0.18	)	$	14.63		4.10	%	$	488,193		1.23	%		1.18	%		1.20	%
B		14.10		0.05		0.41		0.46		(0.05	)		–		(0.05	)		14.51		3.24			28,334		2.15			2.03			0.34
C		14.24		0.07		0.41		0.48		(0.08	)		–		(0.08	)		14.64		3.33			78,642		1.90			1.90			0.47
R3		14.38		0.15		0.41		0.56		(0.16	)		–		(0.16	)		14.78		3.87			228		1.52			1.40			0.98
R4		14.39		0.19		0.41		0.60		(0.20	)		–		(0.20	)		14.79		4.18			4,788		1.14			1.10			1.29
R5		14.40		0.24		0.41		0.65		(0.24	)		–		(0.24	)		14.81		4.52			107		0.85			0.80			1.58
Y		14.41		0.25		0.41		0.66		(0.25	)		–		(0.25	)		14.82		4.60			1,763		0.74			0.74			1.64

See Portfolio Turnover information on the next page.

33

The Hartford Balanced Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	12.67	$	0.17	$	1.55	$	1.72	$	(0.16	)	$	–	$	(0.16	)	$	14.23		13.64	%	$	554,735		1.23	%		1.18	%		1.21	%
B		12.54		0.06		1.53		1.59		(0.03	)		–		(0.03	)		14.10		12.72			48,096		2.13			2.03			0.38
C		12.67		0.07		1.56		1.63		(0.06	)		–		(0.06	)		14.24		12.89			92,526		1.90			1.90			0.49
R3		12.81		0.13		1.58		1.71		(0.14	)		–		(0.14	)		14.38		13.38			153		1.55			1.42			0.91
R4		12.81		0.18		1.57		1.75		(0.17	)		–		(0.17	)		14.39		13.72			1,420		1.13			1.12			1.28
R5		12.82		0.21		1.58		1.79		(0.21	)		–		(0.21	)		14.40		14.06			102		0.85			0.81			1.51
Y		12.83		0.23		1.57		1.80		(0.22	)		–		(0.22	)		14.41		14.14			1,685		0.73			0.73			1.66

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover  Rate for  All Share Classes
For the Year Ended October 31, 2014		39	%
For the Year Ended October 31, 2013		27
For the Year Ended October 31, 2012		29
For the Year Ended October 31, 2011		43
For the Year Ended October 31, 2010		62

34

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Balanced Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Balanced Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

35

The Hartford Balanced Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

36

The Hartford Balanced Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

37

The Hartford Balanced Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

38

The Hartford Balanced Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

39

The Hartford Balanced Fund

Expense Example (Unaudited)   

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,053.80	$	6.02	$	1,000.00	$	1,019.34	$	5.92		1.16	%		184		365
Class B	$	1,000.00	$	1,049.60	$	10.47	$	1,000.00	$	1,014.99	$	10.30		2.03			184		365
Class C	$	1,000.00	$	1,050.30	$	9.58	$	1,000.00	$	1,015.86	$	9.42		1.85			184		365
Class R3	$	1,000.00	$	1,052.50	$	7.24	$	1,000.00	$	1,018.15	$	7.12		1.40			184		365
Class R4	$	1,000.00	$	1,054.50	$	5.70	$	1,000.00	$	1,019.66	$	5.60		1.10			184		365
Class R5	$	1,000.00	$	1,055.50	$	4.15	$	1,000.00	$	1,021.17	$	4.08		0.80			184		365
Class Y	$	1,000.00	$	1,056.30	$	3.83	$	1,000.00	$	1,021.48	$	3.77		0.74			184		365

40

The Hartford Balanced Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Balanced Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

41

The Hartford Balanced Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)  

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1- and 5-year periods and the 2^nd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its blended custom benchmark for the 1-year period, below its blended custom benchmark for the 3-year period and in line with its blended custom benchmark for the 5-year period.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

42

The Hartford Balanced Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)  

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 2^nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on certain share classes. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

43

The Hartford Balanced Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)  

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

44

The Hartford Balanced Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early).

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool. 

45

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-B14 12/14 113290-4 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD BALANCED INCOME FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Balanced Income Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	6
Statement of Assets and Liabilities at October 31, 2014	32
Statement of Operations for the Year Ended October 31, 2014	34
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	35
Notes to Financial Statements	36
Financial Highlights	53
Report of Independent Registered Public Accounting Firm	55
Directors and Officers (Unaudited)	56
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	58
Quarterly Portfolio Holdings Information (Unaudited)	58
Federal Tax Information (Unaudited)	59
Expense Example (Unaudited)	60
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	61
Main Risks (Unaudited)	65

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Balanced Income Fund inception 07/31/2006

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide current income with growth of capital as a secondary objective.

Performance Overview 7/31/06 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			Since      Inception▲
Balanced Income A#		9.19	%		11.39	%		7.66	%
Balanced Income A##		3.18	%		10.14	%		6.92	%
Balanced Income B#		9.25	%		10.95	%		7.08	%*
Balanced Income B##		4.25	%		10.69	%		7.08	%*
Balanced Income C#		8.39	%		10.56	%		6.86	%
Balanced Income C##		7.39	%		10.56	%		6.86	%
Balanced Income I#		9.47	%		11.65	%		7.81	%
Balanced Income R3#		8.90	%		11.17	%		7.68	%
Balanced Income R4#		9.19	%		11.46	%		7.85	%
Balanced Income R5#		9.44	%		11.71	%		7.99	%
Balanced Income Y#		9.55	%		11.87	%		8.09	%
Balanced Income Fund Blended Index		10.88	%		11.43	%		7.03	%
Barclays Corporate Index		6.29	%		6.48	%		6.45	%
Barclays U.S. Corporate High Yield 2% Issuer Cap Index		5.82	%		10.38	%		8.93	%
JP Morgan Emerging Markets Bond Index Plus		7.19	%		7.92	%		7.94	%
Russell 1000 Value Index		16.46	%		16.49	%		6.54	%

▲ Inception: 07/31/2006

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.  

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 2/26/10. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 5/28/10. Performance prior to that date is that of the Fund’s Class Y shares, which had different operating expenses.

Balanced Income Fund Blended Index is calculated by Hartford Funds Management Company, LLC and represents the weighted return of 45% Russell 1000 Value Index, 44% Barclays Corporate Index, 5.5% JP Morgan Emerging Markets Bond Index Plus and 5.5% Barclays U.S. Corporate High-Yield Bond 2% Issuer Cap Index.

Barclays Corporate Index is an unmanaged index and is the Corporate component of the U.S. Credit Index within the Barclays U.S. Aggregate Bond Index.

Barclays U.S. Corporate High Yield Bond 2% Issuer Cap Index is the 2% issuer cap component of the Barclays U.S. High Yield Index, which is an unmanaged broad-based market-value-weighted index that tracks the total return performance of non-investment grade, fixed-rate, publicly placed, dollar denominated and nonconvertible debt registered with the Securities and Exchange Commission.

JP Morgan Emerging Markets Bond Index Plus (EMBI+) is JP Morgan's most liquid U.S. dollar emerging market debt benchmark, and tracks total returns for actively traded external debt instruments in emerging markets. Included in the EMBI+ are U.S. dollar-denominated Brady bonds, Eurobonds, and traded loans issued by sovereign entities.

Russell 1000 Value Index is an unmanaged index that measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index is an unmanaged index that measures the performance of the 1,000 largest companies in the Russell 3000 Index, which measures the performance of the 3,000 largest U.S. companies, based on total market capitalizations.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Balanced Income Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Balanced Income Class A		0.99	%		0.99	%
Balanced Income Class B		1.74	%		1.85	%
Balanced Income Class C		1.72	%		1.72	%
Balanced Income Class I		0.73	%		0.73	%
Balanced Income Class R3		1.24	%		1.33	%
Balanced Income Class R4		0.94	%		1.03	%
Balanced Income Class R5		0.69	%		0.73	%
Balanced Income Class Y		0.63	%		0.63	%

* As shown in the Fund's prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014. Net expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014 and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date. However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Lucius T. Hill, III	W. Michael Reckmeyer, III, CFA	Ian R. Link, CFA
Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Equity Portfolio Manager	Director and Equity Portfolio Manager
Scott I. St. John, CFA	Karen H. Grimes, CFA
Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Balanced Income Fund returned 9.19%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s custom benchmark (45% Russell 1000 Value Index, 44% Barclays Corporate Index, 5.5% Barclays U.S. Corporate High Yield Bond 2% Issuer Cap Index, and 5.5% JP Morgan Emerging Markets Bond Index Plus) which returned 10.88% for the same period. However, the Fund outperformed the 6.93% average return of the Lipper Mixed-Asset Target Allocation Moderate Funds peer group, a group of funds that hold between 40-60% in equity securities and the remainder in bonds, cash, and cash equivalents. For the same period, the Barclays Corporate Index returned 6.29%, the Barclays U.S. Corporate High Yield Bond 2% Issuer Cap Index returned 5.82%, the JP Morgan Emerging Markets Bond Index Plus returned 7.19% and the Russell 1000 Value Index returned 16.46%.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued on in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor Gross Domestic Product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank (ECB) and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. Despite these positives, many market participants found ample reason to reassess their risk appetites (i.e., reduce risks), given the strong performance in recent years. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality.

The period was also highlighted by a divergence in central bank policies. The ECB cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank

3

The Hartford Balanced Income Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and the Fed leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter GDP rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates. The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit sectors posted positive absolute returns and outperformed government bonds as credit spreads tightened.

The Fund underperformed its custom benchmark due to weak security selection in the equity portion of the Fund; this more than offset strong relative results against the Barclays Corporate Index in the fixed income portion of the Fund and the benefit of being overweight equities during the period. Among the top detractors from relative returns in the equity portion of the Fund were Eaton Corp (Industrials), Mattel (Consumer Discretionary), and Schneider Electric (Industrials). Shares of Eaton Corp, a global diversified electric equipment manufacturer, fell during the period due to slower global growth, which led to lowered forward guidance by the company’s management team. Shares of Mattel, a worldwide leader in the design, manufacture, and marketing of toys and family products, fell due to slow sales growth. We believe the company is struggling to adapt to children moving away from traditional toys in favor of electronic products at a younger age. Shares of Schneider Electric, an electrical equipment manufacturer, declined during the period on disappointing earnings and low organic growth. Occidental Petroleum (Energy) and Plum Creek Timber (Financials) were also top detractors from absolute returns for the period.

Among the top contributors to relative returns in the equity portion of the Fund were Microsoft (Information Technology), Merck (Healthcare), and AstraZeneca (Healthcare). Shares of Microsoft, the world’s largest software company, rose during the period as their technology advantage has finally begun to improve. Shares of Merck, a U.S.-based global pharmaceutical company, rose during the period due to positive results for their new hepatitis C drug, along with continued expansion of their immuno-oncology drug testing and research scope. Shares of AstraZeneca, a UK-based multinational pharmaceutical company, outperformed after Pfizer attempted to renew negotiations on a possible merger. Although the merger did not come to fruition, AstraZeneca reported Q2 results in July that were well ahead of expectations though most of this upside was generated by more one-time items with the underlying performance in-line with our estimates/thesis. Wells Fargo (Financials) was also a top contributor to absolute returns for the period.

The fixed income component of the Fund outperformed the Barclays Corporate Index for the period due primarily to strong security selection within investment grade credit. Security selection within high yield credit and emerging market debt also contributed to relative outperformance compared to the Barclays Corporate Index. The Fund’s yield curve positioning detracted during the period due primarily to an underweight to the 20-year portion of the curve, as long-term rates came down during the period. Modest exposure to high yield index derivatives contributed slightly to relative performance during the period.

Asset allocation between equities and fixed income contributed positively to relative results during the period due to an underweight to fixed income and an overweight to equities in an environment where equities outperformed the broad fixed income markets.

Derivatives are not used in a significant manner in this Fund and did not have an impact on performance during the period.

What is the outlook?

We believe U.S. fundamentals remain supportive of moderate growth, but acknowledge some risks have increased since the start of the year including continued conflicts in the Middle East, potential terrorist threats, Ebola worries, tougher Russian sanctions, and the highly publicized cyber-security attacks. Based on bottom-up stock decisions in the equity portion of the Fund, we ended the period most overweight Consumer Staples, Healthcare, and Telecommunication Services. Our largest equity underweights at the end of the period were Financials, Consumer Discretionary, and Energy relative to the Russell 1000 Value Index. On the fixed income side we ended the period with a moderately positive risk posture, continuing to favor financial issuers within investment grade credit. At the end of the period we were overweight high yield and held an out-of-benchmark allocation to non-agency Mortgage-Backed Securities relative to the Barclays Corporate Index.

The equity and fixed income managers will continue to work collaboratively to make decisions regarding the Fund’s mix of equities and fixed income. At the end of the period, the Fund had a bias towards equities relative to its custom benchmark.

4

The Hartford Balanced Income Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Aaa/ AAA		0.2	%
Aa/ AA		1.7
A		10.2
Baa/ BBB		28.3
Ba/ BB		3.8
B		3.2
Caa/ CCC or Lower		2.9
Not Rated		0.5
Non-Debt Securities and Other Short-Term Instruments		49.0
Other Assets and Liabilities		0.2
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Equity Securities
Common Stocks		46.3	%
Preferred Stocks		0.1
Total		46.4	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		1.7	%
Corporate Bonds		43.3
Foreign Government Obligations		5.2
Municipal Bonds		0.3
Senior Floating Rate Interests		0.2
U.S. Government Securities		0.1
Total		50.8	%
Short-Term Investments		2.6
Other Assets and Liabilities		0.2
Total		100.0	%

5

The Hartford Balanced Income Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 46.3%
		Banks - 5.1%
	745	BB&T Corp.	$	28,239
	591	M&T Bank Corp.		72,200
	702	National Bank of Canada		32,831
	702	US Bancorp		29,901
	2,137	Wells Fargo & Co.		113,430
				276,601
		Capital Goods - 3.7%
	168	Caterpillar, Inc.		17,057
	949	Eaton Corp. plc		64,873
	2,555	General Electric Co.		65,934
	125	Lockheed Martin Corp.		23,880
	403	Schneider Electric S.A.		31,771
				203,515
		Commercial and Professional Services - 0.4%
	401	Waste Management, Inc.		19,626
		Consumer Services - 0.7%
	394	McDonald's Corp.		36,973
		Diversified Financials - 2.8%
	191	BlackRock, Inc.		64,992
	1,451	JP Morgan Chase & Co.		87,751
				152,743
		Energy - 5.5%
	734	Chevron Corp.		88,096
	452	ConocoPhillips Holding Co.		32,591
	532	Enbridge, Inc.		25,191
	908	Exxon Mobil Corp.		87,785
	326	Occidental Petroleum Corp.		28,973
	754	Royal Dutch Shell plc Class B		27,872
	217	Suncor Energy, Inc.		7,709
				298,217
		Food and Staples Retailing - 0.5%
	730	Sysco Corp.		28,132
		Food, Beverage and Tobacco - 4.1%
	379	Altria Group, Inc.		18,309
	451	British American Tobacco plc		25,535
	349	Coca-Cola Co.		14,604
	203	Diageo plc ADR		23,924
	1,170	Kraft Foods Group, Inc.		65,920
	129	PepsiCo, Inc.		12,445
	430	Philip Morris International, Inc.		38,314
	698	Unilever N.V. NY Shares ADR		27,040
				226,091
		Health Care Equipment and Services - 0.3%
	265	Baxter International, Inc.		18,589
		Household and Personal Products - 0.9%
	168	Kimberly-Clark Corp.		19,208
	342	Procter & Gamble Co.		29,861
				49,069
		Insurance - 1.8%
	292	ACE Ltd.		31,914
	699	Marsh & McLennan Cos., Inc.		37,984
	540	MetLife, Inc.		29,273
				99,171
		Materials - 1.5%
	679	Dow Chemical Co.		33,551
	349	E.I. DuPont de Nemours & Co.		24,135
	395	Nucor Corp.		21,380
				79,066
		Media - 0.7%
	524	Thomson Reuters Corp.		19,509
	993	WPP plc		19,391
				38,900
		Pharmaceuticals, Biotechnology and Life Sciences - 7.2%
	400	AstraZeneca plc ADR		29,181
	507	Bristol-Myers Squibb Co.		29,497
	491	Eli Lilly & Co.		32,581
	918	Johnson & Johnson		98,939
	1,561	Merck & Co., Inc.		90,430
	2,215	Pfizer, Inc.		66,349
	159	Roche Holding AG		46,887
				393,864
		Semiconductors and Semiconductor Equipment - 2.6%
	954	Analog Devices, Inc.		47,361
	1,820	Intel Corp.		61,914
	636	Maxim Integrated Products, Inc.		18,666
	313	Texas Instruments, Inc.		15,539
				143,480
		Software and Services - 1.9%
	2,237	Microsoft Corp.		105,011
		Technology Hardware and Equipment - 0.8%
	1,740	Cisco Systems, Inc.		42,580
		Telecommunication Services - 2.2%
	677	BCE, Inc.		30,073
	1,773	Verizon Communications, Inc.		89,095
				119,168
		Transportation - 0.5%
	258	United Parcel Service, Inc. Class B		27,081
		Utilities - 3.1%
	383	Duke Energy Corp.		31,439
	3,003	National Grid plc		44,565
	633	Northeast Utilities		31,235
	772	UGI Corp.		29,110
	890	Xcel Energy, Inc.		29,804
				166,153
		Total Common Stocks
		( Cost $2,072,906)	$	2,524,030
Preferred Stocks - 0.1%
		Diversified Financials - 0.1%
	—	Citigroup Capital XIII	$	4
	9	Discover Financial Services		223
	77	GMAC Capital Trust I β		2,068
				2,295
		Insurance - 0.0%
	45	Allstate (The) Corp.		1,116

The accompanying notes are an integral part of these financial statements.

6

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Preferred Stocks - 0.1% - (continued)
		Telecommunication Services - 0.0%
	17	Intelsat S.A., 5.75%  β	$	894
		Total Preferred Stocks
		(Cost $4,341)	$	4,305
Asset and Commercial Mortgage Backed Securities - 1.7%
		Finance and Insurance - 1.7%
		Adjustable Rate Mortgage Trust
$	291	0.42%, 11/25/2035 Δ	$	268
		American Home Mortgage Assets Trust
	334	1.06%, 10/25/2046 Δ		243
		Asset Backed Funding Certificates
	295	0.37%, 01/25/2037 Δ		185
		Banc of America Funding Corp.
	1,933	0.39%, 02/20/2047 Δ		1,664
	1,063	0.46%, 05/20/2047 Δ		867
	1,124	5.77%, 05/25/2037		948
	262	5.85%, 01/25/2037		212
		BCAP LLC Trust
	537	0.32%, 01/25/2037 Δ		404
		Bear Stearns Adjustable Rate Mortgage Trust
	861	2.26%, 08/25/2035 Δ		865
	1,332	2.43%, 10/25/2035 Δ		1,310
	592	4.99%, 06/25/2047 Δ		528
		Bear Stearns Alt-A Trust
	2,470	0.47%, 08/25/2036 Δ		1,868
	377	0.53%, 05/25/2036 Δ		276
	1,573	0.63%, 02/25/2036 Δ		1,299
		Bear Stearns Commercial Mortgage Securities, Inc.
	455	5.20%, 12/11/2038		487
	525	5.54%, 09/11/2041 - 10/12/2041		559
		Capital One Multi-Asset Execution Trust
	8,430	0.20%, 11/15/2019 ‡Δ		8,387
		Chase Mortgage Finance Corp.
	585	5.50%, 11/25/2035		578
		CHL Mortgage Pass-Through Trust
	2,499	0.49%, 03/25/2035 Δ		2,152
	3,441	2.42%, 06/20/2035 Δ		3,303
	743	2.66%, 04/25/2037 Δ		677
		Citigroup Mortgage Loan Trust, Inc.
	676	2.44%, 07/25/2036 Δ		444
		Commercial Mortgage Pass-Through Certificates
	815	4.40%, 07/10/2045 ■Δ		760
	1,100	4.73%, 10/15/2045 ■Δ		1,086
	1,130	4.93%, 11/15/2045 ■Δ		1,122
	93	5.95%, 06/10/2046 Δ		99
		Community or Commercial Mortgage Trust
	380	4.48%, 12/10/2045 ■Δ		374
		Countrywide Alternative Loan Trust
	506	0.42%, 01/25/2036 Δ		450
	291	0.47%, 11/25/2035 Δ		235
	4,101	0.60%, 04/25/2037 Δ		2,746
	859	0.65%, 12/25/2035 Δ		619
	1,256	5.75%, 05/25/2036		1,069
	763	6.00%, 12/25/2036		602
	1,380	6.50%, 08/25/2037		998
		Countrywide Home Loans, Inc.
	764	2.58%, 09/25/2047 Δ		680
	330	2.73%, 04/20/2036 Δ		231
	3,849	4.87%, 11/20/2035 Δ		3,452
	1,328	5.75%, 08/25/2037		1,271
		CS First Boston Mortgage Securities Corp.
	618	5.50%, 06/25/2035		590
		Deutsche Alt-A Securities, Inc. Mortgage
	657	0.30%, 03/25/2037 Δ		449
		First Franklin Mortgage Loan Trust
	1,602	0.39%, 04/25/2036 Δ		1,036
		First Horizon Alternative Mortgage Securities
	735	2.21%, 04/25/2036 Δ		614
	2,032	2.24%, 09/25/2035 Δ		1,775
		GMAC Mortgage Corp. Loan Trust
	301	2.95%, 04/19/2036 Δ		265
		GS Mortgage Securities Trust
	855	5.02%, 11/10/2045 ■Δ		839
	1,000	5.03%, 04/10/2047 ■Δ		943
		GSAA Home Equity Trust
	2,232	0.23%, 02/25/2037 Δ		1,215
	1,340	0.24%, 12/25/2036 Δ		667
	1,061	0.25%, 03/25/2037 Δ		550
	857	0.38%, 04/25/2047 Δ		550
	1,227	0.47%, 04/25/2047 Δ		791
	1,555	5.98%, 06/25/2036		914
		GSR Mortgage Loan Trust
	311	0.65%, 11/25/2035 Δ		230
	2,313	2.74%, 01/25/2036 Δ		2,141
		Harborview Mortgage Loan Trust
	420	0.35%, 01/19/2038 Δ		354
	651	0.38%, 05/19/2047 Δ		255
	2,624	0.40%, 12/19/2036 Δ		1,857
	495	0.49%, 09/19/2035 Δ		382
	549	0.51%, 01/19/2035 Δ		384
		Home Equity Loan Trust
	2,100	0.31%, 04/25/2037 Δ		1,446
		IndyMac Index Mortgage Loan Trust
	398	0.35%, 10/25/2036 Δ		341
	444	0.39%, 07/25/2035 Δ		395
	682	0.43%, 07/25/2035 Δ		582
	236	0.44%, 01/25/2036 Δ		163
	797	0.55%, 07/25/2046 Δ		391
	348	2.46%, 01/25/2036 Δ		324
	507	2.47%, 08/25/2035 Δ		407
	550	2.55%, 09/25/2036 Δ		464
	1,043	2.60%, 12/25/2036 Δ		912
	653	4.54%, 02/25/2036 Δ		561
		JP Morgan Chase Commercial Mortgage Securities Corp.
	1,000	4.00%, 08/15/2046 ■		865
	1,248	4.82%, 10/15/2045 ■Δ		1,238
	264	5.47%, 04/15/2043 Δ		275
	850	5.50%, 08/15/2046 ■Δ		897
		JP Morgan Mortgage Trust
	349	2.55%, 04/25/2037 Δ		313
	1,326	2.71%, 05/25/2036 Δ		1,196
		Lehman XS Trust
	356	0.36%, 07/25/2046 Δ		282
	1,423	0.39%, 06/25/2047 Δ		956
	1,117	0.41%, 11/25/2035 Δ		788
	482	1.00%, 09/25/2047 Δ		394

The accompanying notes are an integral part of these financial statements.

7

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 1.7% - (continued)
		Finance and Insurance - 1.7% - (continued)
		Luminent Mortgage Trust
$	171	0.35%, 02/25/2046 Δ	$	126
		Merrill Lynch Mortgage Investors Trust
	402	2.52%, 07/25/2035 Δ		334
		Merrill Lynch Mortgage Trust
	100	5.05%, 07/12/2038		102
		Morgan Stanley ABS Capital I
	2,762	0.30%, 06/25/2036 Δ		2,025
		Morgan Stanley BAML Trust
	960	4.50%, 08/15/2045 ■		732
		Morgan Stanley Capital I
	73	5.23%, 09/15/2042		75
		Morgan Stanley Mortgage Loan Trust
	3,379	0.32%, 05/25/2036 - 11/25/2036 Δ		1,701
	752	2.59%, 05/25/2036 Δ		546
		RBSGC Mortage Pass Through Certificates
	1,175	6.25%, 01/25/2037		1,102
		Residential Accredit Loans, Inc.
	1,174	0.92%, 09/25/2046 Δ		788
	1,309	1.41%, 11/25/2037 Δ		833
		Residential Asset Securitization Trust
	479	0.60%, 03/25/2035 Δ		370
	1,625	6.25%, 11/25/2036		1,220
		Residential Funding Mortgage Securities, Inc.
	393	3.05%, 04/25/2037 Δ		343
	1,317	6.00%, 07/25/2037		1,194
		Securitized Asset Backed Receivables LLC
	1,037	0.24%, 07/25/2036 Δ		499
		Sequoia Mortgage Trust
	820	0.43%, 01/20/2035 Δ		784
	349	2.52%, 07/20/2037 Δ		285
		Springleaf Funding Trust
	525	2.41%, 12/15/2022 ■		526
		Springleaf Mortgage Loan Trust
	225	2.31%, 06/25/2058 ■		220
		Structured Adjustable Rate Mortgage Loan Trust
	1,241	0.34%, 07/25/2037 Δ		911
	796	0.45%, 09/25/2034 Δ		707
		Structured Asset Mortgage Investments, Inc.
	1,283	0.38%, 02/25/2036 Δ		1,046
	398	0.43%, 02/25/2036 Δ		319
		UBS-Barclays Commercial Mortgage Trust
	605	4.23%, 03/10/2046 ■Δ		504
		WaMu Mortgage Pass-Through Certificates
	1,910	1.10%, 07/25/2046 Δ		1,625
		Washington Mutual, Inc.
	540	0.94%, 12/25/2046 Δ		443
		Wells Fargo Commercial Mortgage Trust
	360	4.94%, 10/15/2045 ■Δ		359
		Wells Fargo Mortgage Backed Securities Trust
	274	5.21%, 10/25/2035 Δ		271
		Westlake Automobile Receivables Trust
	335	0.97%, 10/16/2017 ■		335
		WF-RBS Commercial Mortgage Trust
	441	5.00%, 04/15/2045 ■		337
				93,971
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $91,445)	$	93,971
Corporate Bonds - 43.3%
		Accommodation and Food Services - 0.1%
		Sysco Corp.
$	2,425	2.35%, 10/02/2019	$	2,440
	2,160	4.50%, 10/02/2044		2,213
		Wynn Las Vegas LLC
	130	5.38%, 03/15/2022		137
	250	7.75%, 08/15/2020		269
	260	7.88%, 05/01/2020		276
				5,335
		Administrative, Support, Waste Management and Remediation Services - 0.6%
		Casella Waste Systems, Inc.
	635	7.75%, 02/15/2019		648
		Clean Harbors, Inc.
	120	5.13%, 06/01/2021		122
	150	5.25%, 08/01/2020		154
		Equinix, Inc.
	45	4.88%, 04/01/2020		46
	200	5.38%, 04/01/2023		206
	570	7.00%, 07/15/2021		621
		Iron Mountain, Inc.
	785	7.75%, 10/01/2019		844
	525	8.38%, 08/15/2021		546
		Republic Services, Inc.
	6,550	3.55%, 06/01/2022		6,716
	9,221	5.00%, 03/01/2020		10,275
		ServiceMaster (The) Co.
	2,403	7.00%, 08/15/2020		2,541
		Waste Management, Inc.
	11,390	3.50%, 05/15/2024		11,462
	300	7.38%, 05/15/2029		402
				34,583
		Agriculture, Forestry, Fishing and Hunting - 0.0%
		Weyerhaeuser Co.
	175	7.38%, 10/01/2019		212
		Air Transportation - 0.0%
		Continental Airlines, Inc.
	9	6.90%, 04/19/2022		10
		Arts, Entertainment and Recreation - 2.3%
		21st Century Fox America
	4,810	4.75%, 09/15/2044 ■		4,972
		AMC Entertainment, Inc.
	1,840	9.75%, 12/01/2020		2,042
		British Sky Broadcasting Group plc
	4,130	2.63%, 09/16/2019 ■		4,141
		BSKYB Finance UK plc
	350	6.50%, 10/15/2035 ■		425
		CBS Corp.
	7,065	4.90%, 08/15/2044		7,053

The accompanying notes are an integral part of these financial statements.

8

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Arts, Entertainment and Recreation - 2.3% - (continued)
		CCO Holdings LLC
$	90	5.13%, 02/15/2023	$	90
	275	5.25%, 09/30/2022		277
	395	5.75%, 09/01/2023		404
	45	6.50%, 04/30/2021		48
	500	6.63%, 01/31/2022		531
	309	7.25%, 10/30/2017		322
	575	7.38%, 06/01/2020		616
	215	8.13%, 04/30/2020		228
		Cequel Communications Holdings I LLC
	1,625	5.13%, 12/15/2021 ■		1,586
		Comcast Corp.
	4,975	4.25%, 01/15/2033		5,073
	2,725	4.75%, 03/01/2044		2,928
	975	5.65%, 06/15/2035		1,169
	4,825	5.70%, 05/15/2018 - 07/01/2019		5,523
	1,250	6.40%, 05/15/2038		1,603
	1,980	6.45%, 03/15/2037		2,547
	4,200	6.95%, 08/15/2037		5,700
	510	7.05%, 03/15/2033		696
		DirecTV Holdings LLC
	2,300	2.40%, 03/15/2017		2,356
	3,500	3.13%, 02/15/2016		3,596
	400	6.38%, 03/01/2041		468
		Emdeon, Inc.
	1,621	11.00%, 12/31/2019		1,797
		Gannett Co., Inc.
	1,425	4.88%, 09/15/2021 ■		1,436
	1,880	5.13%, 10/15/2019		1,955
	235	5.50%, 09/15/2024 ■		243
	700	6.38%, 10/15/2023		752
		GLP Capital L.P./Financing II, Inc.
	200	4.88%, 11/01/2020		208
		Gray Television, Inc.
	1,515	7.50%, 10/01/2020		1,585
		NBC Universal Enterprise
	600	5.25%, 12/19/2049 ■		625
		NBC Universal Media LLC
	1,350	5.95%, 04/01/2041		1,664
		NCR Corp.
	430	4.63%, 02/15/2021		428
		News America, Inc.
	4,925	3.00%, 09/15/2022		4,844
	850	6.15%, 02/15/2041		1,047
	2,450	6.90%, 03/01/2019		2,913
		Sirius XM Radio, Inc.
	120	4.25%, 05/15/2020 ■		119
	335	4.63%, 05/15/2023 ■		323
	985	5.25%, 08/15/2022 ■		1,037
		Time Warner Cable, Inc.
	2,700	4.00%, 09/01/2021		2,859
	1,775	5.00%, 02/01/2020		1,987
	4,425	5.88%, 11/15/2040		5,208
	14,930	6.75%, 07/01/2018 - 06/15/2039		17,386
		Time Warner Entertainment Co., L.P.
	95	8.38%, 03/15/2023		128
		Time Warner, Inc.
	5,170	2.10%, 06/01/2019		5,095
	600	4.00%, 01/15/2022		630
	2,275	4.88%, 03/15/2020		2,507
	7,145	5.35%, 12/15/2043		7,852
	1,985	6.10%, 07/15/2040		2,350
	1,010	7.63%, 04/15/2031		1,380
		Viacom, Inc.
	1,404	4.38%, 03/15/2043		1,293
	835	4.50%, 03/01/2021 - 02/27/2042		859
				124,904
		Beverage and Tobacco Product Manufacturing - 0.5%
		Altria Group, Inc.
	3,800	2.85%, 08/09/2022		3,682
	60	10.20%, 02/06/2039		103
		Anheuser-Busch InBev Worldwide, Inc.
	2,000	4.63%, 02/01/2044		2,080
	3,240	5.38%, 01/15/2020		3,679
	500	8.20%, 01/15/2039		761
		Constellation Brands, Inc.
	190	4.25%, 05/01/2023		191
	585	6.00%, 05/01/2022		654
		Imperial Tobacco Finance plc
	5,525	2.05%, 02/11/2018 ■		5,520
		Japan Tobacco, Inc.
	1,335	2.10%, 07/23/2018 ■		1,353
		Molson Coors Brewing Co.
	3,810	5.00%, 05/01/2042		3,955
		Philip Morris International, Inc.
	3,085	3.60%, 11/15/2023		3,176
		Reynolds American, Inc.
	1,345	3.25%, 11/01/2022		1,314
	2,885	6.15%, 09/15/2043		3,364
				29,832
		Chemical Manufacturing - 0.4%
		Agrium, Inc.
	1,650	3.15%, 10/01/2022		1,613
		CF Industries Holdings, Inc.
	1,235	3.45%, 06/01/2023		1,219
	3,000	5.15%, 03/15/2034		3,194
	3,885	5.38%, 03/15/2044		4,132
		Hexion Specialty Chemicals
	245	8.88%, 02/01/2018		242
		Hexion U.S. Finance Corp.
	725	6.63%, 04/15/2020		725
		Ineos Group Holdings plc
	1,125	5.88%, 02/15/2019 ■		1,123
	3,650	6.13%, 08/15/2018 ■		3,682
		Monsanto Co.
	145	2.75%, 07/15/2021		144
	3,720	3.38%, 07/15/2024		3,736
				19,810
		Computer and Electronic Product Manufacturing - 1.0%
		Alcatel-Lucent USA, Inc.
	1,550	6.75%, 11/15/2020 ■		1,596
		Apple, Inc.
	10,925	2.85%, 05/06/2021 ‡		11,089
	1,500	4.45%, 05/06/2044		1,570
		CDW Escrow Corp.
	1,963	8.50%, 04/01/2019		2,081

The accompanying notes are an integral part of these financial statements.

9

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Computer and Electronic Product Manufacturing - 1.0% - (continued)
		CDW LLC / CDW Finance Corp.
$	2,740	6.00%, 08/15/2022	$	2,891
		Cisco Systems, Inc.
	4,395	2.13%, 03/01/2019		4,412
		EMC Corp.
	7,280	1.88%, 06/01/2018		7,237
		Freescale Semiconductor, Inc.
	2,730	6.00%, 01/15/2022 ■		2,798
	72	8.05%, 02/01/2020		76
	44	10.75%, 08/01/2020		48
		Hewlett-Packard Co.
	320	1.17%, 01/14/2019 Δ		319
	5,400	2.75%, 01/14/2019		5,431
	1,000	4.05%, 09/15/2022		1,025
	635	4.30%, 06/01/2021		666
	1,475	4.65%, 12/09/2021		1,583
		Lucent Technologies, Inc.
	2,055	6.45%, 03/15/2029		1,978
	315	6.50%, 01/15/2028		303
		Raytheon Co.
	2,600	4.70%, 12/15/2041		2,876
	1,250	4.88%, 10/15/2040		1,408
		Semiconductor Manufacturing International
	225	4.13%, 10/07/2019 ■		226
		Thermo Fisher Scientific, Inc.
	2,895	1.30%, 02/01/2017		2,892
		YMobile Corp.
	75	8.25%, 04/01/2018 ■		79
				52,584
		Construction - 0.3%
		Aguila 3 S.A.
	165	7.88%, 01/31/2018 ■		166
		K Hovnanian Enterprises, Inc.
	785	7.00%, 01/15/2019 ■		766
	900	8.00%, 11/01/2019 ■		900
	1,110	9.13%, 11/15/2020 ■		1,204
		KB Home
	340	4.75%, 05/15/2019		338
	1,050	7.00%, 12/15/2021		1,124
	520	7.50%, 09/15/2022		560
	1,586	8.00%, 03/15/2020		1,768
		Lennar Corp.
	1,480	4.75%, 12/15/2017 - 11/15/2022		1,519
	95	5.60%, 05/31/2015		97
		M/I Homes, Inc.
	180	3.00%, 03/01/2018 β		182
		MPH Acquisition Holdings LLC
	1,410	6.63%, 04/01/2022 ■		1,475
		Paragon Offshore plc
	2,100	6.75%, 07/15/2022 ■		1,601
		Ply Gem Industries, Inc.
	2,140	6.50%, 02/01/2022		2,105
		Pulte Homes, Inc.
	130	6.38%, 05/15/2033		130
		Ryland Group, Inc.
	150	5.38%, 10/01/2022		147
		Toll Bros Finance Corp.
	1,420	4.00%, 12/31/2018		1,438
				15,520
		Couriers and Messengers - 0.0%
		United Parcel Service, Inc.
	1,540	2.45%, 10/01/2022		1,500
		Electrical Equipment and Appliance Manufacturing - 0.1%
		General Electric Co.
	795	4.13%, 10/09/2042		802
	4,000	4.50%, 03/11/2044		4,264
		Sensata Technologies B.V.
	530	5.63%, 11/01/2024 ■		560
				5,626
		Fabricated Metal Product Manufacturing - 0.0%
		Ball Corp.
	135	5.00%, 03/15/2022		141
	240	5.75%, 05/15/2021		252
		Entegris, Inc.
	1,385	6.00%, 04/01/2022 ■		1,409
		Masco Corp.
	155	6.13%, 10/03/2016		166
	25	6.50%, 08/15/2032		26
	310	7.13%, 03/15/2020		354
	160	7.75%, 08/01/2029		187
				2,535
		Finance and Insurance - 19.1%
		Abbey National Treasury Services plc
	6,855	2.35%, 09/10/2019		6,814
		ACE Capital Trust II
	1,905	9.70%, 04/01/2030		2,800
		ACE INA Holdings, Inc.
	4,000	3.35%, 05/15/2024		4,028
		AerCap Ireland Capital Ltd.
	1,180	4.50%, 05/15/2021 ■		1,192
	3,720	5.00%, 10/01/2021 ■		3,869
		Allstate (The) Corp.
	1,175	5.75%, 08/15/2053		1,250
		Ally Financial, Inc.
	4,895	5.13%, 09/30/2024		5,091
		American Express Co.
	5,127	2.65%, 12/02/2022		4,999
	4,700	7.00%, 03/19/2018		5,478
		American Express Credit Corp.
	6,165	0.53%, 09/22/2017 Δ		6,158
		American International Group, Inc.
	1,795	4.13%, 02/15/2024		1,891
	4,005	4.50%, 07/16/2044		4,067
	3,350	6.40%, 12/15/2020		4,000
	3,265	8.18%, 05/15/2058		4,432
		American Tower Corp.
	200	4.50%, 01/15/2018		214
	10,315	5.00%, 02/15/2024		10,858
	275	7.00%, 10/15/2017		311
		Ameriprise Financial, Inc.
	3,310	4.00%, 10/15/2023		3,470
	2,465	5.30%, 03/15/2020		2,801
		Aon plc
	4,775	3.50%, 06/14/2024		4,771
	2,300	4.25%, 12/12/2042		2,136
		Aquarius Invest. plc Swiss Reinsurance Co., Ltd.
	350	6.38%, 09/01/2024 §		365
		AXA S.A.
	180	6.46%, 12/14/2018 §♠		188

The accompanying notes are an integral part of these financial statements.

10

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Finance and Insurance - 19.1% - (continued)
		BAE Systems Holdings, Inc.
$	4,085	3.80%, 10/07/2024 ■	$	4,112
		Banco Bilbao Vizcaya Argentaria S.A.
EUR	3,000	7.00%, 12/29/2049 §		3,856
	800	9.00%, 05/09/2018 §♠		865
		Banco Davivienda S.A.
	335	2.95%, 01/29/2018 ■		335
		Banco de Credito del Peru/Panama
	652	2.75%, 01/09/2018 ■		652
		Banco Nacional de Desenvolvimento
	565	5.75%, 09/26/2023 ■		606
		Bank of America Corp.
	3,010	2.60%, 01/15/2019		3,039
	1,360	4.00%, 04/01/2024		1,405
	4,260	4.10%, 07/24/2023		4,447
	2,880	4.20%, 08/26/2024		2,901
	200	4.88%, 04/01/2044		214
	657	5.13%, 06/17/2019 ♠		637
	5,425	5.63%, 07/01/2020		6,161
	915	5.65%, 05/01/2018		1,022
	2,990	5.75%, 12/01/2017		3,328
	2,840	5.88%, 01/05/2021		3,282
	4,960	6.00%, 09/01/2017		5,532
	3,970	7.63%, 06/01/2019		4,815
		Bank of New York Mellon Corp.
	6,225	2.20%, 03/04/2019		6,243
		Bank of Tokyo-Mitsubishi UFJ Ltd.
	5,925	1.55%, 09/09/2016 ■		5,976
		Bankia S.A.
EUR	200	4.00%, 05/22/2024 §Δ		246
		Barclays Bank plc
	2,200	2.50%, 02/20/2019		2,217
	4,820	4.38%, 09/11/2024		4,676
	15,756	6.05%, 12/04/2017 ■		17,457
	2,815	8.25%, 12/15/2018 ♠β		2,906
		BBVA Banco Continental S.A.
	475	3.25%, 04/08/2018 ■		485
		BBVA International PFD Uniperson
	275	5.92%, 04/18/2017 ♠		281
		Bear Stearns & Co., Inc.
	1,210	7.25%, 02/01/2018		1,407
		BNP Paribas
	8,430	2.38%, 09/14/2017		8,592
	3,650	2.40%, 12/12/2018		3,677
		BP Capital Markets plc
	7,975	2.24%, 09/26/2018		8,041
	3,030	2.52%, 01/15/2020		3,043
		BPCE S.A.
	250	0.84%, 06/23/2017 Δ		250
	6,635	2.50%, 12/10/2018 - 07/15/2019		6,651
	3,530	4.00%, 04/15/2024		3,649
	550	4.50%, 03/15/2025 ■		534
	3,840	5.15%, 07/21/2024 ■		3,952
	4,430	5.70%, 10/22/2023 ■		4,757
		Brandywine Operating Partnership L.P.
	3,550	3.95%, 02/15/2023		3,567
	4,880	4.10%, 10/01/2024		4,880
	1,100	4.95%, 04/15/2018		1,186
		Brazil Minas SPE via State of Minas Gerais
	1,775	5.33%, 02/15/2028 ■		1,784
	1,605	5.33%, 02/15/2028 §		1,613
		Camden Property Trust REIT
	730	4.25%, 01/15/2024		769
		Capital One Bank
	5,000	1.30%, 06/05/2017		4,981
	4,600	2.40%, 09/05/2019		4,572
		Capital One Financial Corp.
	2,800	1.00%, 11/06/2015		2,807
	500	4.75%, 07/15/2021		551
	3,075	6.15%, 09/01/2016		3,346
		CIGNA Corp.
	785	5.38%, 02/15/2042		887
	900	5.88%, 03/15/2041		1,068
		CIT Group, Inc.
	335	5.00%, 05/15/2017		351
	686	5.25%, 03/15/2018		724
	545	5.38%, 05/15/2020		582
	1,555	5.50%, 02/15/2019 ■		1,659
	70	6.63%, 04/01/2018 ■		77
		Citigroup, Inc.
	2,700	1.70%, 07/25/2016		2,727
	6,275	2.50%, 09/26/2018		6,351
	7,000	2.55%, 04/08/2019		7,074
	3,400	3.88%, 10/25/2023		3,500
	170	5.30%, 05/06/2044		181
	700	5.38%, 08/09/2020		795
	7,960	5.50%, 09/13/2025		8,818
	1,485	6.00%, 10/31/2033		1,697
	9,750	6.13%, 05/15/2018 - 08/25/2036		11,280
	1,620	6.68%, 09/13/2043		2,060
		CNH Capital LLC
	245	3.88%, 11/01/2015		248
	1,070	6.25%, 11/01/2016		1,132
		CNH Industrial Capital LLC
	575	3.38%, 07/15/2019 ■		559
		Compass Bank
	5,550	1.85%, 09/29/2017		5,572
		Coventry Health Care, Inc.
	2,060	5.45%, 06/15/2021		2,361
		Credit Agricole S.A.
	350	6.63%, 09/23/2019 §♠		341
	890	7.88%, 01/23/2024 ■♠		919
		Credit Suisse Group AG
	2,990	6.50%, 08/08/2023 ■		3,296
	875	7.50%, 12/11/2023 ■♠		930
		Credit Suisse New York
	3,115	2.30%, 05/28/2019		3,109
	275	3.00%, 10/29/2021		272
	6,235	3.63%, 09/09/2024		6,258
	3,685	5.40%, 01/14/2020		4,127
		DDR Corp.
	6,925	3.50%, 01/15/2021		6,969
		Deutsche Bank AG
	4,910	4.30%, 05/24/2028		4,765
		Deutsche Bank AG London
	7,545	2.50%, 02/13/2019		7,628
		Discover Bank/Greenwood DE
	6,520	4.20%, 08/08/2023		6,831

The accompanying notes are an integral part of these financial statements.

11

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Finance and Insurance - 19.1% - (continued)
		Discover Financial Services
$	960	5.20%, 04/27/2022	$	1,055
		El Fondo Mivivienda S.A.
	285	3.50%, 01/31/2023 ■		273
		Fifth Third Bancorp
	4,210	2.30%, 03/01/2019		4,220
	2,750	2.88%, 10/01/2021		2,730
	2,780	4.30%, 01/16/2024		2,893
	325	4.90%, 09/30/2019 ♠		320
	3,195	5.45%, 01/15/2017		3,467
	1,300	8.25%, 03/01/2038		1,940
		FMR LLC
	3,825	4.95%, 02/01/2033 ■		4,182
		Ford Motor Credit Co. LLC
	6,000	1.68%, 09/08/2017		5,972
	11,365	2.38%, 03/12/2019		11,349
	4,220	2.60%, 11/04/2019 ☼		4,206
	5,100	3.88%, 01/15/2015		5,132
	4,445	4.25%, 09/20/2022		4,668
	240	5.00%, 05/15/2018		263
	2,835	5.88%, 08/02/2021		3,276
		General Electric Capital Corp.
	7,500	3.45%, 05/15/2024		7,650
	4,625	4.65%, 10/17/2021		5,168
	725	5.55%, 05/04/2020		835
	2,995	5.88%, 01/14/2038		3,675
	1,000	6.25%, 12/15/2022 ♠		1,094
	4,530	6.75%, 03/15/2032		6,023
		Goldman Sachs Group, Inc.
	1,925	2.38%, 01/22/2018		1,943
	2,500	2.90%, 07/19/2018		2,557
	3,180	3.63%, 02/07/2016		3,282
	90	3.85%, 07/08/2024		91
	3,315	4.00%, 03/03/2024		3,387
	2,800	4.80%, 07/08/2044		2,891
	4,200	5.38%, 03/15/2020		4,710
	4,740	5.75%, 01/24/2022		5,461
	4,550	6.15%, 04/01/2018		5,141
	1,665	6.25%, 02/01/2041		2,063
	2,470	6.45%, 05/01/2036		2,913
	8,645	6.75%, 10/01/2037		10,599
	2,921	7.50%, 02/15/2019		3,488
		Guardian Life Insurance Co.
	250	7.38%, 09/30/2039 ■		342
		Harley-Davidson Financial Services, Inc.
	11,490	2.40%, 09/15/2019 ■		11,506
		HBOS Capital Funding L.P.
	750	6.85%, 12/23/2014 §♠		753
		HCP, Inc.
	4,525	3.88%, 08/15/2024		4,523
	7,200	4.25%, 11/15/2023		7,467
	1,000	6.70%, 01/30/2018		1,152
		Health Care REIT, Inc.
	2,500	3.63%, 03/15/2016		2,590
	2,320	4.13%, 04/01/2019		2,486
	4,350	4.50%, 01/15/2024		4,518
	840	5.25%, 01/15/2022		931
		HSBC Bank USA
	1,050	4.88%, 08/24/2020		1,156
		HSBC Holdings plc
	7,655	4.25%, 03/14/2024		7,869
	1,665	5.10%, 04/05/2021		1,879
	1,000	6.50%, 09/15/2037		1,244
	7,800	6.80%, 06/01/2038		10,052
		HSBC USA, Inc.
	1,295	1.63%, 01/16/2018		1,294
		Humana, Inc.
	5,475	3.85%, 10/01/2024		5,523
	3,360	4.95%, 10/01/2044		3,455
		Intesa Sanpaolo S.p.A.
	7,025	5.25%, 01/12/2024		7,649
		John Deere Capital Corp.
	3,835	3.15%, 10/15/2021		3,925
		JP Morgan Chase & Co.
	6,625	1.35%, 02/15/2017		6,635
	3,375	1.63%, 05/15/2018		3,337
	2,270	3.25%, 09/23/2022		2,273
	2,200	3.63%, 05/13/2024		2,228
	6,600	3.88%, 02/01/2024 - 09/10/2024		6,655
	5,300	4.35%, 08/15/2021		5,692
	2,220	4.63%, 05/10/2021		2,432
	430	5.00%, 07/01/2019 ♠		423
	785	5.50%, 10/15/2040		915
	4,320	5.63%, 08/16/2043		4,931
	9,195	6.00%, 01/15/2018		10,364
	930	6.30%, 04/23/2019		1,079
	1,000	6.40%, 05/15/2038		1,284
		JP Morgan Chase Bank
	1,886	6.00%, 07/05/2017		2,100
		KeyCorp
	10,750	2.30%, 12/13/2018		10,779
		Kimco Realty Corp.
	5,385	3.20%, 05/01/2021		5,431
	1,380	4.30%, 02/01/2018		1,485
		Liberty Mutual Group, Inc.
	1,385	4.25%, 06/15/2023 ■		1,432
		Liberty Property L.P.
	635	3.38%, 06/15/2023		619
	775	4.13%, 06/15/2022		806
		Lincoln National Corp.
	3,000	4.85%, 06/24/2021		3,310
	1,035	6.15%, 04/07/2036		1,257
	625	6.30%, 10/09/2037		784
	2,000	8.75%, 07/01/2019		2,540
		Lloyds Bank plc
	5,650	2.35%, 09/05/2019		5,645
		Lloyds Banking Group plc
	165	6.50%, 09/14/2020 ■		191
		Macquarie Group Ltd.
	5,450	3.00%, 12/03/2018 ■		5,611
		Mapfre S.A.
EUR	200	5.92%, 07/24/2037		266
		Marsh & McLennan Cos., Inc.
	6,675	2.30%, 04/01/2017		6,800
	3,875	2.35%, 09/10/2019		3,891
	3,900	4.05%, 10/15/2023		4,126
		Massachusetts Mutual Life Insurance Co.
	3,350	8.88%, 06/01/2039 ■		5,253

The accompanying notes are an integral part of these financial statements.

12

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Finance and Insurance - 19.1% - (continued)
		Massmutual Global Funding
$	2,625	2.10%, 08/02/2018 ■	$	2,648
		MasterCard, Inc.
	11,575	3.38%, 04/01/2024		11,823
		Merrill Lynch & Co., Inc.
	2,496	5.70%, 05/02/2017		2,722
	4,890	6.05%, 05/16/2016		5,235
	4,515	6.88%, 04/25/2018		5,223
	11,230	7.75%, 05/14/2038		15,531
		MetLife, Inc.
	2,905	3.60%, 04/10/2024		2,961
		Mizuho Bank Ltd.
	5,000	0.68%, 09/25/2017 ■Δ		4,997
	5,340	2.45%, 04/16/2019 ■		5,345
		Morgan Stanley
	5,030	1.75%, 02/25/2016		5,075
	5,735	2.13%, 04/25/2018		5,751
	7,450	2.50%, 01/24/2019		7,501
	11,230	3.70%, 10/23/2024		11,207
	1,000	3.75%, 02/25/2023		1,013
	4,270	4.10%, 05/22/2023		4,310
	4,820	4.35%, 09/08/2026		4,833
	1,770	4.88%, 11/01/2022		1,885
	1,550	5.50%, 01/26/2020		1,747
	2,371	5.55%, 04/27/2017		2,596
	3,361	5.75%, 01/25/2021		3,859
	1,250	6.38%, 07/24/2042		1,609
	2,460	6.63%, 04/01/2018		2,817
	2,600	7.30%, 05/13/2019		3,104
		National City Corp.
	355	6.88%, 05/15/2019		420
		Nationstar Mortgage LLC
	2,395	6.50%, 08/01/2018 - 07/01/2021		2,333
	350	7.88%, 10/01/2020		345
		Nationwide Mutual Insurance Co.
	4,975	9.38%, 08/15/2039 ■		7,667
		Navient Corp.
	625	6.25%, 01/25/2016		650
	465	8.00%, 03/25/2020		534
	395	8.45%, 06/15/2018		451
		NN Group N.V.
EUR	250	4.63%, 04/08/2044 §		326
		Nordea Bank AB
	760	4.88%, 05/13/2021 ■		823
		Nuveen Investments, Inc.
	970	9.13%, 10/15/2017 ■		1,036
		Pacific Life Insurance Co.
	2,075	9.25%, 06/15/2039 ■		3,254
		PNC Bank NA
	13,070	2.40%, 10/18/2019		13,119
	2,465	2.70%, 11/01/2022		2,368
		PNC Financial Services Group, Inc.
	1,240	2.85%, 11/09/2022 Δ		1,216
	4,310	3.90%, 04/29/2024		4,368
		PNC Funding Corp.
	3,000	5.25%, 11/15/2015		3,138
		Principal Financial Group, Inc.
	620	3.30%, 09/15/2022		623
		Provident Companies, Inc.
	4,435	7.00%, 07/15/2018		5,100
		Provident Funding Associates L.P.
	3,710	6.75%, 06/15/2021 ■		3,701
		Prudential Financial, Inc.
	550	4.60%, 05/15/2044		557
	1,660	5.80%, 11/16/2041		1,969
	5,320	7.38%, 06/15/2019		6,474
		Rabobank Nederland
	5,925	2.25%, 01/14/2019 ╦		5,996
	1,000	5.25%, 05/24/2041		1,156
	3,835	5.75%, 12/01/2043		4,463
		Realty Income Corp.
	2,676	3.25%, 10/15/2022		2,628
	1,130	4.65%, 08/01/2023		1,211
	1,085	6.75%, 08/15/2019		1,285
		Royal Bank of Scotland Group plc
	6,165	5.13%, 05/28/2024		6,246
	1,260	6.99%, 10/05/2017 ■♠		1,430
	1,400	7.64%, 09/27/2017 ♠Δ		1,480
	725	9.50%, 03/16/2022 §		829
		Santander UK plc
	2,290	5.00%, 11/07/2023 ■		2,427
		SBA Tower Trust
	1,050	2.93%, 12/15/2017 ■		1,064
		Simon Property Group L.P.
	2,115	5.65%, 02/01/2020		2,446
		Skandinaviska Enskilda Banken AB
	3,810	2.38%, 11/20/2018 ■		3,865
		Societe Generale
	2,535	2.63%, 10/01/2018		2,576
	2,670	5.00%, 01/17/2024 ■		2,727
	875	6.00%, 01/27/2020 ■♠		825
	2,855	7.88%, 12/18/2023 ■♠		2,855
	200	7.88%, 12/18/2023 §♠		200
	1,055	8.25%, 11/29/2018 §♠		1,115
		SoftBank Corp.
	850	4.50%, 04/15/2020 ■		861
		Standard Bank plc
	100	8.13%, 12/02/2019 §		115
		Standard Chartered plc
	225	0.57%, 09/08/2017 ■Δ		225
	5,975	1.50%, 09/08/2017 ■		5,959
	825	4.00%, 07/12/2022 §		848
		State Street Capital Trust IV
	100	1.23%, 06/15/2037 Δ		85
		State Street Corp.
	1,445	3.10%, 05/15/2023		1,399
	4,840	3.70%, 11/20/2023		5,017
	775	4.96%, 03/15/2018		845
		Sumitomo Mitsui Financial Group, Inc.
	5,800	4.44%, 04/02/2024 ■		6,038
		SunTrust Banks, Inc.
	4,940	2.35%, 11/01/2018		4,971
	3,700	2.50%, 05/01/2019		3,728
		Swedbank AB
	7,071	2.38%, 02/27/2019 ■		7,125
		Synchrony Financial
	3,810	3.00%, 08/15/2019		3,852
	5,410	3.75%, 08/15/2021		5,516

The accompanying notes are an integral part of these financial statements.

13

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Finance and Insurance - 19.1% - (continued)
		Teachers Insurance & Annuity Association of America
$	3,000	6.85%, 12/16/2039 ■	$	3,966
		TIAA Asset Management Finance LLC
	2,015	2.95%, 11/01/2019 ■		2,019
		TMX Finance LLC
	1,645	8.50%, 09/15/2018 ■		1,604
		Toyota Motor Credit Corp.
	3,500	2.13%, 07/18/2019		3,504
		TSMC Global Ltd.
	675	1.63%, 04/03/2018 ■		671
		UBS AG Stamford CT
	2,850	5.88%, 07/15/2016		3,074
		UNIQA Insurance Group AG
EUR	300	6.88%, 07/31/2043 §		431
		UnitedHealth Group, Inc.
	1,981	6.88%, 02/15/2038		2,715
		Ventas Realty L.P.
	1,000	1.25%, 04/17/2017		998
	1,240	2.70%, 04/01/2020		1,230
	3,975	3.25%, 08/15/2022		3,897
	1,280	3.75%, 05/01/2024		1,272
		Voya Financial, Inc.
	1,100	5.65%, 05/15/2053		1,100
		Wachovia Capital Trust III
	325	5.57%, 11/03/2014 ♠Δ		314
		Wachovia Corp.
	2,850	5.50%, 08/01/2035		3,227
		Wellpoint, Inc.
	1,365	3.13%, 05/15/2022		1,351
	3,315	4.63%, 05/15/2042		3,338
	1,000	5.85%, 01/15/2036		1,189
	2,330	6.38%, 06/15/2037		2,885
		Wells Fargo & Co.
	9,560	2.13%, 04/22/2019		9,560
	3,710	3.00%, 01/22/2021		3,774
	4,965	3.45%, 02/13/2023		4,958
	8,100	4.10%, 06/03/2026		8,216
	4,080	4.13%, 08/15/2023		4,255
	759	4.48%, 01/16/2024		803
	3,000	4.60%, 04/01/2021		3,314
	3,055	4.65%, 11/04/2044 ☼		3,045
	60	5.38%, 11/02/2043		67
	4,868	5.61%, 01/15/2044		5,577
		WPP Finance 2010
	8,195	3.75%, 09/19/2024		8,155
		XLIT Ltd.
	6,325	2.30%, 12/15/2018		6,338
		Xstrata Finance Canada Ltd.
	4,200	2.70%, 10/25/2017 ■		4,277
	800	3.60%, 01/15/2017 ■		833
		YPF S.A.
	685	8.75%, 04/04/2024 ■		708
				1,038,778
		Food Manufacturing - 0.3%
		Cargill, Inc.
	325	3.25%, 11/15/2021 ■		334
	2,925	4.10%, 11/01/2042 ■		2,858
	1,000	6.00%, 11/27/2017 ■		1,132
		ConAgra Foods, Inc.
	3,000	7.13%, 10/01/2026		3,780
		Kellogg Co.
	550	7.45%, 04/01/2031		721
		Kraft Foods Group, Inc.
	1,450	3.50%, 06/06/2022		1,484
	770	5.00%, 06/04/2042		822
		Mondelez International, Inc.
	3,975	4.00%, 02/01/2024		4,102
		TreeHouse Foods, Inc.
	2,340	4.88%, 03/15/2022		2,375
				17,608
		Food Services - 0.1%
		ARAMARK Corp.
	2,700	5.75%, 03/15/2020		2,821
		CEC Entertainment, Inc.
	820	8.00%, 02/15/2022 ■		787
		McDonald's Corp.
	400	6.30%, 10/15/2037		517
				4,125
		Health Care and Social Assistance - 2.7%
		AbbVie, Inc.
	5,740	1.75%, 11/06/2017		5,756
		Actavis Funding SCS
	3,825	3.85%, 06/15/2024 ■		3,723
		Aetna, Inc.
	1,600	4.50%, 05/15/2042		1,605
		Alere, Inc.
	2,815	6.50%, 06/15/2020		2,899
		Amgen, Inc.
	7,475	1.25%, 05/22/2017		7,424
	5,070	3.63%, 05/22/2024		5,072
	700	4.10%, 06/15/2021		741
	4,340	5.15%, 11/15/2041		4,655
	1,475	6.90%, 06/01/2038		1,914
		AmSurg Corp.
	780	5.63%, 07/15/2022 ■		808
		Bayer Finance LLC
	3,390	1.50%, 10/06/2017 ■		3,402
	3,010	3.00%, 10/08/2021 ■		3,024
		Biomet, Inc.
	1,005	6.50%, 08/01/2020 - 10/01/2020		1,066
		Catholic Health Initiatives
	1,290	2.60%, 08/01/2018		1,315
		Celgene Corp.
	2,945	3.63%, 05/15/2024		2,976
	2,725	4.63%, 05/15/2044		2,780
		Community Health Systems, Inc.
	545	5.13%, 08/15/2018		567
	5,740	6.88%, 02/01/2022		6,184
	1,440	7.13%, 07/15/2020		1,559
		Cubist Pharmaceuticals
	327	1.88%, 09/01/2020 β		382
		CVS Caremark Corp.
	1,730	2.75%, 12/01/2022		1,681
	4,000	4.00%, 12/05/2023		4,210
	33	6.94%, 01/10/2030		40
		CVS Pass-Through Trust
	16	6.04%, 12/10/2028		18

The accompanying notes are an integral part of these financial statements.

14

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Health Care and Social Assistance - 2.7% - (continued)
		Dignity Health
$	1,515	2.64%, 11/01/2019	$	1,528
	2,260	5.27%, 11/01/2064		2,286
		Envision Healthcare Corp.
	600	5.13%, 07/01/2022 ■		608
		Express Scripts Holding Co.
	10,645	3.50%, 06/15/2024		10,550
		Gilead Sciences, Inc.
	1,565	2.05%, 04/01/2019		1,562
	1,765	3.70%, 04/01/2024		1,815
	3,700	4.40%, 12/01/2021		4,048
		GlaxoSmithKline Capital, Inc.
	1,090	2.80%, 03/18/2023		1,072
		Grifols Worldwide Operations Ltd.
	245	5.25%, 04/01/2022 ■		251
		HCA Holdings, Inc.
	1,310	6.25%, 02/15/2021		1,410
	315	7.50%, 11/15/2095		302
		HCA, Inc.
	1,490	5.88%, 03/15/2022 - 05/01/2023		1,606
	645	6.38%, 01/15/2015		651
	2,160	6.50%, 02/15/2016 - 02/15/2020		2,382
	115	7.25%, 09/15/2020		122
		InVentiv Health, Inc.
	705	9.00%, 01/15/2018 ■		731
		McKesson Corp.
	1,390	4.88%, 03/15/2044		1,473
		Memorial Sloan-Kettering Cancer Center
	695	5.00%, 07/01/2042		795
		Mylan, Inc.
	5,073	2.55%, 03/28/2019		5,054
	3,575	4.20%, 11/29/2023		3,694
	12,950	6.00%, 11/15/2018 ■		13,342
		Perrigo Co. plc
	2,620	2.30%, 11/08/2018		2,597
	1,565	5.30%, 11/15/2043		1,704
		Pfizer, Inc.
	1,000	4.30%, 06/15/2043		1,008
	1,000	6.20%, 03/15/2019		1,169
	1,450	7.20%, 03/15/2039		2,039
		Pinnacle Merger Sub, Inc.
	2,115	9.50%, 10/01/2023 ■		2,305
		Roche Holdings, Inc.
	7,030	0.32%, 09/29/2017 ■Δ		7,034
		Salix Pharmaceuticals Ltd.
	4,340	6.00%, 01/15/2021 ■		4,698
		Savient Pharmaceuticals, Inc.
	565	0.00%, 02/01/2018 Ω		1
		Tenet Healthcare Corp.
	345	4.75%, 06/01/2020		353
	1,660	5.00%, 03/01/2019 ■		1,662
	315	6.25%, 11/01/2018		342
	1,455	8.13%, 04/01/2022		1,668
		Watson Pharmaceuticals, Inc.
	470	4.63%, 10/01/2042		428
		Wellcare Health Plans, Inc.
	1,055	5.75%, 11/15/2020		1,086
		Zoetis, Inc.
	2,125	4.70%, 02/01/2043		2,187
				149,364
		Information - 3.8%
		Activision Blizzard, Inc.
	4,290	5.63%, 09/15/2021 ■		4,563
	1,065	6.13%, 09/15/2023 ■		1,153
		Altice Financing S.A.
	800	6.50%, 01/15/2022 ■		822
	765	7.88%, 12/15/2019 ■		816
	925	9.88%, 12/15/2020 ■		1,031
		AT&T, Inc.
	3,000	2.38%, 11/27/2018		3,034
	6,070	4.30%, 12/15/2042		5,662
	7,600	4.80%, 06/15/2044		7,671
	1,170	5.35%, 09/01/2040		1,249
	1,250	5.50%, 02/01/2018		1,399
		Audatex North America, Inc.
	2,357	6.00%, 06/15/2021 ■		2,493
		British Telecommunications plc
	2,590	1.63%, 06/28/2016		2,617
		CCOH Safari LLC
	2,755	5.75%, 12/01/2024 ☼		2,771
		Cox Communications, Inc.
	1,485	2.95%, 06/30/2023 ■		1,408
	3,755	4.50%, 06/30/2043 ■		3,591
	395	8.38%, 03/01/2039 ■		565
		Deutsche Telekom International Finance B.V.
	1,130	4.88%, 03/06/2042 ■		1,169
	1,470	8.75%, 06/15/2030		2,133
		DISH DBS Corp.
	1,905	5.00%, 03/15/2023		1,898
	675	5.88%, 07/15/2022		715
	2,570	6.75%, 06/01/2021		2,853
	1,935	7.88%, 09/01/2019		2,247
		First Data Corp.
	298	6.75%, 11/01/2020 ■		319
	2,335	7.38%, 06/15/2019 ■		2,475
	3,730	8.25%, 01/15/2021 ■		4,047
	36	8.75%, 01/15/2022 ■Þ		39
	350	12.63%, 01/15/2021		423
	315	14.50%, 09/24/2019 ■Þ		329
		Harron Communications L.P.
	595	9.13%, 04/01/2020 ■		649
		Infor Software Parent LLC
	2,555	7.13%, 05/01/2021 ■		2,587
		Infor US, Inc.
	530	9.38%, 04/01/2019		576
		Intelsat Jackson Holdings S.A.
	410	6.63%, 12/15/2022		432
	1,295	7.25%, 04/01/2019		1,360
	635	7.50%, 04/01/2021		687
	10	8.50%, 11/01/2019		10
		Intelsat Luxembourg S.A.
	1,095	6.75%, 06/01/2018		1,133
	3,265	7.75%, 06/01/2021		3,412
		InterActiveCorp
	250	4.75%, 12/15/2022		244
		Level 3 Communications, Inc.
	80	8.88%, 06/01/2019		86
		Level 3 Escrow, Inc.
	1,545	5.38%, 08/15/2022 ■		1,572
	466	8.13%, 07/01/2019		499

The accompanying notes are an integral part of these financial statements.

15

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Information - 3.8% - (continued)
		Level 3 Financing, Inc.
$	1,480	6.13%, 01/15/2021	$	1,552
	1,444	7.00%, 06/01/2020		1,541
	415	8.63%, 07/15/2020		457
		MetroPCS Wireless, Inc.
	1,450	6.63%, 11/15/2020		1,528
		Nara Cable Funding Ltd.
	1,285	8.88%, 12/01/2018 ■		1,348
		Oracle Corp.
	2,325	5.38%, 07/15/2040		2,691
		Softbrands, Inc.
	140	11.50%, 07/15/2018		155
		Sprint Communications, Inc.
	2,440	7.00%, 03/01/2020 ■		2,722
	900	9.00%, 11/15/2018 ■		1,058
		Sprint Corp.
	300	7.13%, 06/15/2024 ■		308
	3,410	7.25%, 09/15/2021 ■		3,606
	4,270	7.88%, 09/15/2023 ■		4,623
		Syniverse Holdings, Inc.
	2,025	9.13%, 01/15/2019		2,126
		Telefonica Emisiones SAU
	2,875	7.05%, 06/20/2036		3,691
		T-Mobile USA, Inc.
	210	5.25%, 09/01/2018		218
	180	6.13%, 01/15/2022		187
	890	6.46%, 04/28/2019		928
	260	6.50%, 01/15/2024		272
	2,380	6.63%, 04/28/2021		2,508
	1,030	6.73%, 04/28/2022		1,089
	145	6.84%, 04/28/2023		153
		Unitymedia Hessen GmbH & Co.
	1,800	5.50%, 01/15/2023 ■		1,877
		UPCB Finance V Ltd.
	475	7.25%, 11/15/2021 ■		523
		UPCB Finance VI Ltd.
	470	6.88%, 01/15/2022 ■		514
		Verint Systems, Inc.
	626	1.50%, 06/01/2021 β		698
		Verizon Communications, Inc.
	11,683	2.63%, 02/21/2020 ■		11,621
	2,765	3.00%, 11/01/2021		2,744
	4,575	3.45%, 03/15/2021		4,674
	5,010	3.50%, 11/01/2024		4,931
	9,825	4.15%, 03/15/2024		10,219
	1,813	4.86%, 08/21/2046 ■		1,849
	5,380	5.01%, 08/21/2054 ■		5,475
	9,770	5.15%, 09/15/2023		10,941
	1,150	6.35%, 04/01/2019		1,341
	6,370	6.40%, 09/15/2033 - 02/15/2038		7,773
	15,335	6.55%, 09/15/2043		19,331
	2,300	6.90%, 04/15/2038		2,971
		Videotron Ltd.
	245	5.00%, 07/15/2022		252
		Vodafone Group plc
	2,000	1.25%, 09/26/2017		1,980
	2,100	1.50%, 02/19/2018		2,071
		Wind Acquisition Finance S.A.
EUR	3,855	4.00%, 07/15/2020 ■		4,758
	225	6.50%, 04/30/2020 ■		234
		Windstream Corp.
	615	6.38%, 08/01/2023		620
	280	7.50%, 06/01/2022		297
	480	7.75%, 10/15/2020		511
	165	8.13%, 09/01/2018		172
		Zayo Group LLC
	755	8.13%, 01/01/2020		806
	60	10.13%, 07/01/2020		67
				204,750
		Leather and Allied Product Manufacturing - 0.0%
		Nike, Inc.
	1,940	3.63%, 05/01/2043		1,865
		Machinery Manufacturing - 0.3%
		Case New Holland Industrial, Inc.
	290	7.88%, 12/01/2017		326
		Caterpillar, Inc.
	1,920	3.40%, 05/15/2024		1,962
		Hutchison Whampoa International Ltd.
	9,650	1.63%, 10/31/2017 ■		9,634
	2,800	2.00%, 11/08/2017 ■		2,819
	965	3.50%, 01/13/2017 ■		1,007
	900	5.75%, 09/11/2019 ■		1,031
		Perusahaan Listrik Negara
	200	5.50%, 11/22/2021 ■		212
				16,991
		Mining - 0.6%
		AK Steel Corp.
	3,275	7.63%, 05/15/2020 - 10/01/2021		3,292
	795	8.38%, 04/01/2022		811
		Barrick Gold Corp.
	2,450	4.10%, 05/01/2023		2,368
		Barrick North America Finance LLC
	1,625	4.40%, 05/30/2021		1,667
	3,850	5.75%, 05/01/2043		3,724
		BHP Billiton Finance USA Ltd.
	1,850	5.00%, 09/30/2043		2,066
		Codelco, Inc.
	100	3.75%, 11/04/2020 ■		103
	115	3.75%, 11/04/2020 §		118
	235	3.88%, 11/03/2021 §		243
		Falconbridge Ltd.
	75	5.38%, 06/01/2015		77
	75	6.00%, 10/15/2015		78
		FMG Resources Aug 2006
	5,760	6.88%, 04/01/2022 ■		5,947
		Freeport-McMoRan Copper & Gold, Inc.
	4,665	3.55%, 03/01/2022		4,559
	300	5.45%, 03/15/2043		307
		Glencore Funding LLC
	2,225	2.50%, 01/15/2019 ■		2,207
		Newmont Mining Corp.
	150	4.88%, 03/15/2042		126
		Rio Tinto Finance USA Ltd.
	1,100	3.50%, 11/02/2020		1,142
		Steel Dynamics, Inc.
	665	5.13%, 10/01/2021 ■		688
	730	5.50%, 10/01/2024 ■		772
				30,295

The accompanying notes are an integral part of these financial statements.

16

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Miscellaneous Manufacturing - 0.1%
		DigitalGlobe, Inc.
$	690	5.25%, 02/01/2021 ■	$	671
		S.C. Johnson & Son, Inc.
	2,520	4.00%, 05/15/2043 ■		2,384
		United Technologies Corp.
	1,925	4.50%, 06/01/2042		2,055
	950	6.13%, 07/15/2038		1,232
				6,342
		Motor Vehicle and Parts Manufacturing - 0.6%
		American Axle & Manufacturing Holdings, Inc.
	295	6.63%, 10/15/2022		315
		Chrysler Group LLC
	1,790	8.00%, 06/15/2019		1,918
	2,990	8.25%, 06/15/2021		3,341
		Daimler Finance NA LLC
	6,460	1.38%, 08/01/2017 ■		6,446
	7,300	3.25%, 08/01/2024 ■		7,312
		Ford Motor Co.
	370	7.45%, 07/16/2031		496
		General Motors Co.
	1,405	4.88%, 10/02/2023		1,505
	1,436	6.25%, 10/02/2043		1,709
		General Motors Financial Co., Inc.
	7,860	3.50%, 07/10/2019		8,102
		TRW Automotive, Inc.
	375	7.25%, 03/15/2017 ■		412
				31,556
		Nonmetallic Mineral Product Manufacturing - 0.1%
		Ardagh Finance Holdings S.A.
	740	8.63%, 06/15/2019 ■		757
		Ardagh Packaging Finance plc
	1,015	6.00%, 06/30/2021 ■		1,001
	72	7.00%, 11/15/2020 ■		74
	240	9.13%, 10/15/2020 ■		258
		Cemex Finance LLC
	1,660	6.00%, 04/01/2024 ■		1,693
		Cemex S.A.B. de C.V.
	2,290	5.70%, 01/11/2025 ■		2,243
		Silgan Holdings, Inc.
	500	5.00%, 04/01/2020		510
				6,536
		Other Services - 0.3%
		Abengoa Finance
EUR	2,395	6.00%, 03/31/2021 ■		2,919
	850	7.75%, 02/01/2020 ■		888
		Abengoa Greenfield S.A.
	1,770	6.50%, 10/01/2019 ■		1,774
		Delphi Corp.
	1,875	4.15%, 03/15/2024		1,924
	2,510	5.00%, 02/15/2023		2,689
		Service Corp. International
	960	4.50%, 11/15/2020		941
	1,185	5.38%, 01/15/2022		1,227
	120	6.75%, 04/01/2016		127
	885	7.63%, 10/01/2018		991
		Sonic Automotive, Inc.
	590	7.00%, 07/15/2022		643
				14,123
		Petroleum and Coal Products Manufacturing - 3.1%
		Anadarko Petroleum Corp.
	1,485	3.45%, 07/15/2024		1,464
	1,250	4.50%, 07/15/2044		1,228
	1,650	5.95%, 09/15/2016		1,793
	1,300	6.45%, 09/15/2036		1,604
	2,110	8.70%, 03/15/2019		2,646
		Antero Resources Corp.
	340	5.38%, 11/01/2021		345
		Antero Resources Finance Corp.
	1,250	6.00%, 12/01/2020		1,300
		Apache Corp.
	755	4.25%, 01/15/2044		700
	1,045	4.75%, 04/15/2043		1,047
		Bonanza Creek Energy, Inc.
	1,880	6.75%, 04/15/2021		1,885
		California Resources Corp.
	3,945	5.00%, 01/15/2020 ■		4,004
		Canadian Natural Resources Ltd.
	5,930	3.80%, 04/15/2024		5,967
		Chesapeake Energy Corp.
	160	6.63%, 08/15/2020		181
	255	6.88%, 11/15/2020		291
		CNOOC Finance 2012 Ltd.
	2,466	3.88%, 05/02/2022 ■		2,521
	430	5.00%, 05/02/2042 §		466
		CNPC General Capital
	2,270	1.95%, 04/16/2018 ■		2,236
	1,900	2.75%, 04/19/2017 ■		1,934
		CNPC HK Overseas Capital Ltd.
	315	4.50%, 04/28/2021 ■		337
		Cobalt International Energy, Inc.
	795	2.63%, 12/01/2019 β		591
		Concho Resources, Inc.
	1,400	5.50%, 10/01/2022 - 04/01/2023		1,479
		ConocoPhillips
	1,775	6.50%, 02/01/2039		2,354
		Continental Resources, Inc.
	3,155	3.80%, 06/01/2024		3,117
	1,550	4.90%, 06/01/2044		1,531
		Devon Energy Corp.
	2,000	5.60%, 07/15/2041		2,260
	260	7.95%, 04/15/2032		369
		Devon Financing Corp.
	350	7.88%, 09/30/2031		488
		Diamondback Energy, Inc.
	2,315	7.63%, 10/01/2021		2,460
		Empresa Nacional del Petroleo
	615	4.38%, 10/30/2024 ■		609
	100	4.75%, 12/06/2021 §		104
		Enable Midstream Partners L.P.
	5,100	3.90%, 05/15/2024 ■		5,100
	65	5.00%, 05/15/2044 ■		66
		Enbridge, Inc.
	3,385	3.50%, 06/10/2024		3,349
	755	4.50%, 06/10/2044		742
		EnCana Corp.
	1,100	3.90%, 11/15/2021		1,148
	725	5.15%, 11/15/2041		775
	3,000	6.50%, 08/15/2034		3,694

The accompanying notes are an integral part of these financial statements.

17

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Petroleum and Coal Products Manufacturing - 3.1% - (continued)
		Everest Acquisition LLC
$	1,520	9.38%, 05/01/2020	$	1,661
		Harvest Operations Corp.
	520	6.88%, 10/01/2017		530
		Hess Corp.
	1,735	1.30%, 06/15/2017		1,725
	2,550	3.50%, 07/15/2024		2,533
	1,150	5.60%, 02/15/2041		1,303
	500	6.00%, 01/15/2040		584
	1,325	7.30%, 08/15/2031		1,741
		KazMunayGas National Co. JSC
	740	6.00%, 11/07/2044 ■☼		730
	320	11.75%, 01/23/2015 §		326
		Kosmos Energy Ltd.
	325	7.88%, 08/01/2021 §		299
		Lukoil International Finance B.V.
	3,035	3.42%, 04/24/2018 ■		2,895
		Marathon Oil Corp.
	3,310	2.80%, 11/01/2022		3,220
		MEG Energy Corp.
	980	6.38%, 01/30/2023 ■		970
		Nexen, Inc.
	400	6.40%, 05/15/2037		498
	1,450	7.50%, 07/30/2039		2,037
		Pemex Project Funding Master Trust
	195	6.63%, 06/15/2035		230
		Petrobras Global Finance Co.
	398	7.25%, 03/17/2044		436
		Petrobras International Finance Co.
	525	6.88%, 01/20/2040		550
		Petroleos de Venezuela S.A.
	3,645	5.25%, 04/12/2017 §		2,417
	15,241	6.00%, 05/16/2024 - 11/15/2026 §		7,722
	755	8.50%, 11/02/2017 §		572
	1,980	9.00%, 11/17/2021 §		1,255
		Petroleos Mexicanos
	400	4.25%, 01/15/2025 ■		405
	645	4.88%, 01/18/2024		682
	1,445	5.50%, 06/27/2044 ■		1,506
	500	6.38%, 01/23/2045		574
	1,245	6.50%, 06/02/2041		1,457
		Plains Exploration & Production Co.
	10,813	6.63%, 05/01/2021		11,826
	603	6.88%, 02/15/2023		682
		Range Resources Corp.
	205	5.00%, 08/15/2022		215
	430	5.75%, 06/01/2021		453
	15	6.75%, 08/01/2020		16
		Ras Laffan Liquefied Natural Gas Co., Ltd.
	758	5.83%, 09/30/2016 ■		798
		Reliance Holdings USA, Inc.
	255	5.40%, 02/14/2022 ■		278
	250	5.40%, 02/14/2022 §		272
		Rosetta Resources, Inc.
	1,320	5.63%, 05/01/2021		1,281
	595	5.88%, 06/01/2022		571
		San Diego Gas & Electric Co.
	4,770	3.60%, 09/01/2023		5,021
		Seadrill Ltd.
	940	6.13%, 09/15/2017 ■		915
		Sempra Energy
	5,000	3.55%, 06/15/2024		5,102
	3,135	4.05%, 12/01/2023		3,329
		Shell International Finance B.V.
	4,040	2.00%, 11/15/2018		4,073
	2,650	4.55%, 08/12/2043		2,845
	2,400	6.38%, 12/15/2038		3,178
		Statoil ASA
	4,125	2.90%, 11/08/2020		4,231
		Tosco Corp.
	500	8.13%, 02/15/2030		736
		Total Capital International S.A.
	3,065	2.88%, 02/17/2022		3,066
		Transocean, Inc.
	1,000	6.38%, 12/15/2021		1,051
	500	6.50%, 11/15/2020		514
		Tullow Oil plc
	1,490	6.00%, 11/01/2020 ■		1,393
	1,625	6.25%, 04/15/2022 ■		1,511
		Williams Partners L.P.
	2,295	3.35%, 08/15/2022		2,237
	6,750	3.90%, 01/15/2025		6,696
	2,330	4.30%, 03/04/2024		2,411
	2,000	5.40%, 03/04/2044		2,090
	750	6.30%, 04/15/2040		866
		WPX Energy, Inc.
	2,325	5.25%, 09/15/2024 ☼		2,267
	615	6.00%, 01/15/2022		644
				171,611
		Pipeline Transportation - 0.6%
		DCP Midstream LLC
	600	4.75%, 09/30/2021 ■		646
		El Paso Corp.
	255	6.50%, 09/15/2020		290
	494	7.00%, 06/15/2017		550
		El Paso Natural Gas Co.
	15	7.25%, 06/01/2018		17
		Energy Transfer Equity L.P.
	3,655	3.60%, 02/01/2023		3,581
	2,900	4.15%, 10/01/2020		3,023
	660	5.20%, 02/01/2022		722
	835	6.13%, 02/15/2017		917
	125	6.63%, 10/15/2036		146
	1,425	7.50%, 10/15/2020 - 07/01/2038		1,755
		Enterprise Products Operating LLC
	4,450	3.35%, 03/15/2023		4,412
	2,050	4.85%, 03/15/2044		2,111
	480	4.95%, 10/15/2054		489
	1,300	5.95%, 02/01/2041		1,552
		Kinder Morgan Energy Partners L.P.
	4,500	5.00%, 08/15/2042		4,181
		Kinder Morgan Finance Co.
	110	5.70%, 01/05/2016		115
	45	6.00%, 01/15/2018 ■		49
		MarkWest Energy Partners L.P.
	175	5.50%, 02/15/2023		186
	88	6.25%, 06/15/2022		95

The accompanying notes are an integral part of these financial statements.

18

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Pipeline Transportation - 0.6% - (continued)
		Plains All American Pipeline L.P.
$	980	2.85%, 01/31/2023	$	942
	1,375	3.85%, 10/15/2023		1,400
		Sunoco Logistics Partners Operations L.P.
	980	4.25%, 04/01/2024		1,006
	1,830	5.30%, 04/01/2044		1,893
				30,078
		Plastics and Rubber Products Manufacturing - 0.0%
		Associated Materials LLC
	310	9.13%, 11/01/2017		303
		Continental Rubber of America Corp.
	400	4.50%, 09/15/2019 ■		418
		Nortek, Inc.
	1,155	8.50%, 04/15/2021		1,242
				1,963
		Primary Metal Manufacturing - 0.2%
		ArcelorMittal
	2,475	5.00%, 02/25/2017		2,586
	540	7.25%, 03/01/2041		558
	900	7.50%, 10/15/2039		961
		Goldcorp, Inc.
	5,555	3.63%, 06/09/2021		5,563
		Novelis, Inc.
	125	8.38%, 12/15/2017		131
		United States Steel Corp.
	1,752	7.38%, 04/01/2020		1,962
				11,761
		Printing and Related Support Activities - 0.1%
		Deluxe Corp.
	640	6.00%, 11/15/2020		662
		Quad Graphics, Inc.
	1,985	7.00%, 05/01/2022 ■		1,906
		Quebecor Media, Inc.
	335	5.75%, 01/15/2023		345
				2,913
		Professional, Scientific and Technical Services - 0.1%
		Getty Images, Inc.
	2,920	7.00%, 10/15/2020 ■		2,249
		Lamar Media Corp.
	625	5.00%, 05/01/2023		625
	95	5.88%, 02/01/2022		100
		Lender Processing Services, Inc.
	330	5.75%, 04/15/2023		350
		SunGard Data Systems, Inc.
	1,645	6.63%, 11/01/2019		1,702
	486	7.38%, 11/15/2018		507
	45	7.63%, 11/15/2020		48
				5,581
		Rail Transportation - 0.3%
		Burlington Northern Santa Fe Corp.
	2,131	3.00%, 03/15/2023		2,101
	2,980	3.05%, 09/01/2022		2,976
	3,825	3.85%, 09/01/2023		3,987
		Canadian Pacific Railway Co.
	1,000	4.45%, 03/15/2023		1,100
	1,415	4.50%, 01/15/2022		1,559
	1,596	6.50%, 05/15/2018		1,842
		CSX Corp.
	1,000	4.75%, 05/30/2042		1,053
		Union Pacific Corp.
	765	4.85%, 06/15/2044		847
				15,465
		Real Estate, Rental and Leasing - 1.1%
		Air Lease Corp.
	425	2.13%, 01/15/2018		420
	7,770	4.50%, 01/15/2016		8,023
	5,495	5.63%, 04/01/2017 Δ		5,921
		Boston Properties L.P.
	2,580	3.13%, 09/01/2023		2,505
		Duke Realty L.P.
	2,200	3.63%, 04/15/2023		2,169
	7,311	3.88%, 02/15/2021 - 10/15/2022		7,503
	895	6.75%, 03/15/2020		1,057
		ERAC USA Finance Co.
	105	2.35%, 10/15/2019 ■		104
	925	2.80%, 11/01/2018 ■		948
	1,370	3.30%, 10/15/2022 ■		1,365
	1,000	5.63%, 03/15/2042 ■		1,138
		ERP Operating L.P.
	1,275	4.50%, 07/01/2044		1,279
		Hertz Corp.
	275	6.75%, 04/15/2019		287
		Hertz Global Holdings, Inc.
	195	5.88%, 10/15/2020		196
	130	6.25%, 10/15/2022		133
		International Lease Finance Corp.
	1,250	5.88%, 04/01/2019 - 08/15/2022		1,353
	3,350	6.25%, 05/15/2019		3,664
	350	7.13%, 09/01/2018 ■		396
	380	8.75%, 03/15/2017		428
		Kennedy-Wilson, Inc.
	9,585	8.75%, 04/01/2019		10,184
		Penske Automotive Group, Inc.
	2,700	3.13%, 05/11/2015 ■		2,731
		ProLogis L.P.
	1,500	3.35%, 02/01/2021		1,516
	6,500	4.25%, 08/15/2023		6,774
		Realogy Corp.
	673	7.63%, 01/15/2020 ■		730
				60,824
		Retail Trade - 1.2%
		99 Cents Only Stores
	1,437	11.00%, 12/15/2019		1,556
		Albertson's Holdings LLC
	1,550	7.75%, 10/15/2022 ■		1,527
		American Builders & Contractors Supply Co., Inc.
	190	5.63%, 04/15/2021 ■		192
		AutoZone, Inc.
	1,823	3.70%, 04/15/2022		1,866
	700	7.13%, 08/01/2018		820
		Building Materials Corp.
	2,870	5.38%, 11/15/2024 ■☼		2,877
	200	6.75%, 05/01/2021 ■		215
		Eaton Corp.
	2,800	2.75%, 11/02/2022		2,721
		Energy Transfer Partners
	2,000	6.70%, 07/01/2018		2,295
		GRD Holding III Corp.
	2,255	10.75%, 06/01/2019 ■		2,489

The accompanying notes are an integral part of these financial statements.

19

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Retail Trade - 1.2% - (continued)
		Home Depot, Inc.
$	220	4.20%, 04/01/2043	$	225
	1,265	4.88%, 02/15/2044		1,425
	2,050	5.88%, 12/16/2036		2,589
		Jaguar Land Rover plc
	375	8.13%, 05/15/2021 ■		413
		Kroger (The) Co.
	2,750	2.95%, 11/01/2021		2,723
	360	3.85%, 08/01/2023		370
	1,580	5.15%, 08/01/2043		1,718
		Lowe's Cos., Inc.
	1,510	5.00%, 09/15/2043		1,717
		Macy's Retail Holdings, Inc.
	20	6.70%, 09/15/2028		24
	20	7.00%, 02/15/2028		25
		Michaels Stores, Inc.
	1,475	5.88%, 12/15/2020 ■		1,494
		Party City Holdings, Inc.
	1,920	8.88%, 08/01/2020		2,083
		PC Nextco Holdings LLC/PC Nextco Finance, Inc.
	1,150	8.75%, 08/15/2019		1,167
		Sally Holdings LLC
	135	5.75%, 06/01/2022		144
	225	6.88%, 11/15/2019		241
		Sotheby's
	595	5.25%, 10/01/2022 ■		583
		Target Corp.
	3,240	3.88%, 07/15/2020		3,488
		Wal-Mart Stores, Inc.
	4,380	3.30%, 04/22/2024 ╦		4,474
	6,500	4.00%, 04/11/2043		6,499
	6,170	4.30%, 04/22/2044		6,431
	1,000	5.00%, 10/25/2040		1,152
	600	5.25%, 09/01/2035		709
	703	5.63%, 04/15/2041		874
	2,000	6.20%, 04/15/2038		2,625
	2,800	6.50%, 08/15/2037		3,773
				63,524
		Soap, Cleaning Compound and Toilet Manufacturing - 0.1%
		Procter & Gamble Co.
	1,200	5.55%, 03/05/2037		1,497
		Sun Products Corp.
	2,500	7.75%, 03/15/2021 ■		1,850
				3,347
		Support Activities For Transportation - 0.0%
		GNL Quintero S.A.
	380	4.63%, 07/31/2029 ■		392
		Transportation Equipment Manufacturing - 0.0%
		Huntington Ingalls Industries, Inc.
	1,315	6.88%, 03/15/2018		1,374
	106	7.13%, 03/15/2021		114
				1,488
		Truck Transportation - 0.3%
		Penske Truck Leasing Co.
	5,000	2.50%, 03/15/2016 - 06/15/2019 ■		5,007
	9,895	4.88%, 07/11/2022 ■		10,707
				15,714
		Utilities - 2.5%
		AES (The) Corp.
	49	7.75%, 10/15/2015		52
	123	8.00%, 10/15/2017		139
		AES Panama S.A.
	15	6.35%, 12/21/2016 §		15
		Appalachian Power Co.
	75	4.40%, 05/15/2044		76
		Berkshire Hathaway Energy Co.
	500	5.95%, 05/15/2037		617
		Carolina Power & Light Co.
	2,060	4.10%, 05/15/2042		2,087
		Centrais Eletricas Brasileiras S.A.
	960	5.75%, 10/27/2021 §		976
		Comision Federal de Electricidad
	370	4.88%, 01/15/2024 ■		390
		Commonwealth Edison Co.
	1,505	6.95%, 07/15/2018		1,751
		Consolidated Edison Co. of NY
	1,400	4.20%, 03/15/2042		1,404
		Dolphin Subsidiary II, Inc.
	2,160	7.25%, 10/15/2021		2,295
		Dominion Resources, Inc.
	5,000	1.05%, 11/01/2016		5,000
	3,390	7.00%, 06/15/2038		4,554
		Duke Energy Corp.
	1,350	3.55%, 09/15/2021		1,405
	2,935	3.75%, 04/15/2024		3,046
	3,000	3.95%, 10/15/2023		3,162
	3,000	5.30%, 02/15/2040		3,598
		Duke Energy Indiana, Inc.
	1,870	4.90%, 07/15/2043		2,152
		Duke Energy Ohio, Inc.
	995	3.80%, 09/01/2023		1,052
		Duke Energy Progress, Inc.
	6,475	2.80%, 05/15/2022		6,506
		E CL S.A.
	100	5.63%, 01/15/2021 §		108
		EDP Finance B.V.
	760	5.25%, 01/14/2021 ■		789
		Electricitie De France
	3,095	4.88%, 01/22/2044 ■		3,296
	5,450	5.63%, 01/22/2024 ■♠		5,777
		Eskom Holdings Ltd.
	800	5.75%, 01/26/2021 §		826
	235	6.75%, 08/06/2023 ■		253
	1,460	6.75%, 08/06/2023 §		1,571
		Exelon Generation Co. LLC
	2,725	4.25%, 06/15/2022		2,844
		FirstEnergy Transmission LLC
	7,475	5.45%, 07/15/2044 ■		7,697
		Florida Power & Light Co.
	4,930	3.25%, 06/01/2024		5,040
	1,300	4.13%, 02/01/2042		1,340
		GenOn Americas Generation LLC
	785	9.13%, 05/01/2031		734
		National Power Corp.
	15	9.63%, 05/15/2028		23
		Nevada Power Co.
	2,140	6.50%, 08/01/2018		2,501

The accompanying notes are an integral part of these financial statements.

20

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 43.3% - (continued)
		Utilities - 2.5% - (continued)
		NiSource Finance Corp.
$	1,450	3.85%, 02/15/2023	$	1,503
	3,450	4.80%, 02/15/2044		3,644
	1,450	5.25%, 02/15/2043		1,582
		Northeast Utilities
	2,775	2.80%, 05/01/2023		2,682
		Oncor Electric Delivery Co. LLC
	2,000	4.10%, 06/01/2022		2,151
	615	5.25%, 09/30/2040		724
		Pacific Gas & Electric Co.
	625	2.45%, 08/15/2022		599
	2,285	3.75%, 02/15/2024		2,370
	2,400	6.05%, 03/01/2034		2,994
	725	8.25%, 10/15/2018		884
		PacifiCorp
	840	4.10%, 02/01/2042		855
	1,000	5.50%, 01/15/2019		1,136
		Potomac Electric Power
	2,700	4.15%, 03/15/2043		2,740
		PPL Capital Funding, Inc.
	4,495	3.95%, 03/15/2024		4,670
		Progress Energy, Inc.
	1,750	7.00%, 10/30/2031		2,346
	3,051	7.05%, 03/15/2019		3,645
	540	7.75%, 03/01/2031		769
		PSEG Power LLC
	975	8.63%, 04/15/2031		1,408
		Public Service Co. of Colorado
	1,930	3.60%, 09/15/2042		1,819
		Southern California Edison Co.
	925	4.50%, 09/01/2040		1,000
	500	6.00%, 01/15/2034		640
	1,010	6.05%, 03/15/2039		1,310
		Southern Power Co.
	15,293	4.88%, 07/15/2015		15,726
	1,615	5.25%, 07/15/2043		1,806
		Tampa Electric Co.
	2,095	2.60%, 09/15/2022		2,050
		Texas Competitive Electric Holdings Co. LLC
	1,075	11.50%, 10/01/2020 ■Ϫ		863
		Virginia Electric & Power Co.
	665	4.45%, 02/15/2044		703
				135,695
		Wholesale Trade - 0.4%
		Dynegy, Inc.
	450	5.88%, 06/01/2023		441
	415	7.38%, 11/01/2022 ■		439
	205	7.63%, 11/01/2024 ■		217
		HD Supply, Inc.
	220	8.13%, 04/15/2019		238
		Heineken N.V.
	3,585	3.40%, 04/01/2022 ■		3,648
		International Paper Co.
	12,650	3.65%, 06/15/2024		12,508
	775	4.80%, 06/15/2044		763
	500	7.30%, 11/15/2039		655
		J.M. Huber Corp.
	962	9.88%, 11/01/2019 ■		1,056
		SABMiller Holdings, Inc.
	1,500	2.45%, 01/15/2017 ■		1,533
	1,475	3.75%, 01/15/2022 ■		1,524
	800	4.95%, 01/15/2042 ■		861
				23,883
		Total Corporate Bonds
		(Cost $2,314,723)	$	2,359,023
Foreign Government Obligations - 5.2%
		Argentina - 0.1%
		Argentina (Republic of)
$	7,120	0.00%, 10/03/2015 - 12/31/2038 ●	$	5,088
EUR	303	0.00%, 12/31/2033 ●		322
	3,470	8.28%, 12/31/2033		2,759
			$	8,169
		Azerbaijan - 0.0%
		Azerbaijan (Republic of)
	1,210	4.75%, 03/18/2024 ■		1,260
		Brazil - 0.4%
		Brazil (Federative Republic of)
	2,325	2.63%, 01/05/2023		2,142
	8,265	5.00%, 01/27/2045		8,100
BRL	2,632	6.00%, 08/15/2050 ◄		1,073
	2,246	8.00%, 01/15/2018		2,485
	3,159	8.25%, 01/20/2034		4,375
BRL	13,222	10.00%, 01/01/2021 - 01/01/2025		4,772
				22,947
		Chile - 0.0%
		Chile (Republic of)
	490	3.63%, 10/30/2042		443
		Colombia - 0.4%
		Colombia (Republic of)
COP	630,225	3.50%, 03/10/2021 ◄		315
	5,880	4.00%, 02/26/2024		6,033
	3,245	4.38%, 07/12/2021		3,461
COP	484,458	4.75%, 02/23/2023 ◄		262
	370	5.63%, 02/26/2044		413
	2,600	7.38%, 09/18/2037		3,504
COP	1,295,400	7.50%, 08/26/2026		659
COP	1,450,000	7.75%, 04/14/2021		767
	1,539	8.13%, 05/21/2024		2,051
COP	10,000	9.85%, 06/28/2027		6
	85	10.38%, 01/28/2033		133
	1,536	11.75%, 02/25/2020		2,185
COP	108,000	12.00%, 10/22/2015		56
				19,845
		Croatia - 0.1%
		Croatia (Republic of)
	460	6.25%, 04/27/2017 ■		492
	1,720	6.25%, 04/27/2017 §		1,842
	520	6.63%, 07/14/2020 §		577
	255	6.75%, 11/05/2019 §		283
				3,194

The accompanying notes are an integral part of these financial statements.

21

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Foreign Government Obligations - 5.2% - (continued)
		Dominican Republic - 0.1%
		Dominican (Republic of)
$	595	6.60%, 01/28/2024 ■	$	659
	1,420	7.45%, 04/30/2044 ■		1,587
	235	7.45%, 04/30/2044 §		263
	250	7.50%, 05/06/2021 §		284
				2,793
		Ecuador - 0.1%
		Ecuador (Republic of)
	3,180	9.38%, 12/15/2015 §		3,307
		Hungary - 0.1%
		Hungary (Republic of)
	2,996	4.00%, 03/25/2019		3,069
	1,518	4.13%, 02/19/2018		1,568
	1,584	5.38%, 03/25/2024		1,695
EUR	550	5.75%, 06/11/2018 §		776
	363	6.25%, 01/29/2020		408
				7,516
		Iceland - 0.0%
		Iceland (Republic of)
	1,755	4.88%, 06/16/2016 §		1,842
	226	5.88%, 05/11/2022 ■		255
				2,097
		Indonesia - 0.6%
		Indonesia (Republic of)
	3,766	3.75%, 04/25/2022 §		3,747
	6,515	4.88%, 05/05/2021 §		6,963
	1,340	5.25%, 01/17/2042 §		1,343
	465	5.38%, 10/17/2023 ■		511
	260	5.38%, 10/17/2023 §		286
	2,120	5.88%, 03/13/2020 §		2,372
	6,106	6.63%, 02/17/2037 §		7,129
	2,650	7.75%, 01/17/2038 §		3,488
	3,157	8.50%, 10/12/2035 §		4,404
	1,365	11.63%, 03/04/2019 §		1,829
				32,072
		Ivory Coast - 0.0%
		Cote d'Ivoire (Republic of)
	1,595	5.38%, 07/23/2024 §		1,535
		Jamaica - 0.0%
		Jamaica (Government of)
	585	7.63%, 07/09/2025		625
		Kazakhstan - 0.0%
		Kazakhstan (Republic of)
	1,435	3.88%, 10/14/2024 ■		1,410
	715	4.88%, 10/14/2044 ■		690
				2,100
		Kenya - 0.0%
		Kenya (Republic of)
	375	5.88%, 06/24/2019 ■		389
	835	6.88%, 06/24/2024 ■		889
				1,278
		Latvia - 0.2%
		Latvia (Republic of)
	1,095	2.75%, 01/12/2020 ■		1,083
	5,340	2.75%, 01/12/2020 §		5,280
	385	5.25%, 02/22/2017 ■		419
	2,340	5.25%, 02/22/2017 - 06/16/2021 §		2,609
				9,391
		Lithuania - 0.1%
		Lithuania (Republic of)
	2,160	6.13%, 03/09/2021 §		2,517
	4,435	7.38%, 02/11/2020 §		5,366
				7,883
		Mexico - 0.6%
		Mexico (United Mexican States)
	4,528	3.63%, 03/15/2022		4,641
MXN	9,852	4.50%, 12/04/2025 - 11/22/2035 ◄		862
	4,726	4.75%, 03/08/2044		4,799
	6,252	5.55%, 01/21/2045		7,096
	2,006	5.75%, 10/12/2110		2,124
	6,224	6.05%, 01/11/2040		7,516
	1,949	6.75%, 09/27/2034		2,517
MXN	26,330	10.00%, 12/05/2024		2,556
				32,111
		Morocco - 0.1%
		Morocco (Kingdom of)
EUR	1,325	3.50%, 06/19/2024 §		1,699
EUR	460	4.50%, 10/05/2020 §		636
	800	5.50%, 12/11/2042 §		814
				3,149
		Panama - 0.1%
		Panama (Republic of)
	450	4.00%, 09/22/2024		460
	122	7.25%, 03/15/2015		125
	651	8.88%, 09/30/2027		933
	1,302	9.38%, 04/01/2029		1,946
				3,464
		Peru - 0.1%
		Peru (Republic of)
PEN	3,325	5.20%, 09/12/2023		1,122
	1,010	5.63%, 11/18/2050		1,141
PEN	1,450	6.95%, 08/12/2031		529
PEN	75	7.84%, 08/12/2020		30
	1,455	8.38%, 05/03/2016		1,611
	435	8.75%, 11/21/2033		669
	25	9.88%, 02/06/2015		25
				5,127
		Philippines - 0.3%
		Philippines (Republic of)
	1,910	5.50%, 03/30/2026		2,230
	3,085	7.75%, 01/14/2031		4,381
	1,165	8.38%, 06/17/2019		1,468
	5,040	9.50%, 02/02/2030		8,045
	1,080	10.63%, 03/16/2025		1,709
				17,833
		Poland - 0.1%
		Poland (Republic of)
	765	4.00%, 01/22/2024		804
	2,055	5.00%, 03/23/2022		2,309
				3,113

The accompanying notes are an integral part of these financial statements.

22

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Foreign Government Obligations - 5.2% - (continued)
		Romania - 0.2%
		Romania (Republic of)
EUR	1,395	3.63%, 04/24/2024 §	$	1,865
	1,372	4.38%, 08/22/2023 §		1,429
EUR	355	4.63%, 09/18/2020 §		506
	392	4.88%, 01/22/2024 ■		422
	1,462	4.88%, 01/22/2024 §		1,575
EUR	510	4.88%, 11/07/2019 §		727
	894	6.13%, 01/22/2044 ■		1,047
	1,420	6.13%, 01/22/2044 §		1,663
	2,666	6.75%, 02/07/2022 §		3,194
				12,428
		Russia - 0.5%
		Russia (Federation of)
	200	3.63%, 04/29/2015 ■		201
	800	3.63%, 04/29/2015 §		803
	1,600	4.88%, 09/16/2023 ■		1,602
	5,600	4.88%, 09/16/2023 §		5,608
	400	5.00%, 04/29/2020 §		412
	17,623	7.50%, 03/31/2030 §		19,994
				28,620
		Slovenia - 0.1%
		Slovenia (Republic of)
	1,210	5.25%, 02/18/2024 ■		1,303
	995	5.50%, 10/26/2022 §		1,093
	1,045	5.85%, 05/10/2023 ■		1,173
				3,569
		South Africa - 0.1%
		South Africa (Republic of)
ZAR	20,800	7.00%, 02/28/2031		1,660
ZAR	14,645	8.75%, 02/28/2048		1,340
				3,000
		Sri Lanka - 0.0%
		Sri Lanka (Republic of)
	230	5.13%, 04/11/2019 ■		237
	2,235	6.00%, 01/14/2019 ■		2,369
				2,606
		Turkey - 0.4%
		Turkey (Republic of)
	545	5.13%, 03/25/2022		579
	4,370	5.63%, 03/30/2021 ☼		4,785
	3,210	5.75%, 03/22/2024		3,545
	2,983	6.75%, 04/03/2018		3,333
	2,970	7.00%, 09/26/2016		3,247
	1,990	7.38%, 02/05/2025		2,460
	4,125	7.50%, 07/14/2017		4,641
				22,590
		Ukraine - 0.1%
		Ukraine (Government of)
	350	6.25%, 06/17/2016 ■		312
	1,300	6.25%, 06/17/2016 §		1,157
	2,320	6.58%, 11/21/2016 §		2,042
	105	6.88%, 09/23/2015 §		96
	600	7.95%, 02/23/2021 §		527
				4,134
		Uruguay - 0.1%
		Uruguay (Republic of)
	545	4.13%, 11/20/2045		476
	4,749	4.50%, 08/14/2024		5,010
	2,087	5.10%, 06/18/2050		2,069
				7,555
		Venezuela - 0.2%
		Venezuela (Republic of)
	2,355	6.00%, 12/09/2020 §		1,401
	3,110	7.75%, 10/13/2019 §		2,014
	3,280	9.25%, 05/07/2028 §		2,083
	3,080	9.38%, 01/13/2034		1,971
	1,085	11.95%, 08/05/2031 §		789
				8,258
		Total Foreign Government Obligations
		(Cost $278,989)	$	284,012
Municipal Bonds - 0.3%
		General Obligations - 0.2%
		California State GO,
$	725	7.30%, 10/01/2039	$	1,039
	1,730	7.60%, 11/01/2040		2,627
	550	7.63%, 03/01/2040		821
		California State GO, Taxable,
	2,795	7.55%, 04/01/2039		4,198
		Illinois State GO,
	155	5.10%, 06/01/2033		152
	585	5.67%, 03/01/2018		645
				9,482
		Higher Education (Univ., Dorms, etc.) - 0.0%
		Massachusetts State Development Fin Agency Rev,
	110	5.35%, 12/01/2028		122
		Miscellaneous - 0.0%
		California State Public Works Board Lease Rev,
	50	8.36%, 10/01/2034		72
		Transportation - 0.1%
		Grand Parkway Transportation Corp TX, Toll Rev,
	1,195	5.18%, 10/01/2042		1,414
		New Jersey State Turnpike Auth, Taxable,
	50	7.41%, 01/01/2040		73
		New York & New Jersey PA,
	1,850	4.46%, 10/01/2062		1,864
	15	4.93%, 10/01/2051		16
	900	4.96%, 08/01/2046		1,001
	4,165	5.31%, 08/01/2046		4,424
		North Texas Tollway Auth Rev,
	455	6.72%, 01/01/2049		633
				9,425
		Total Municipal Bonds
		(Cost $17,104)	$	19,101
Senior Floating Rate Interests ♦ - 0.2%
		Computer and Electronic Product Manufacturing - 0.0%
		Freescale Semiconductor, Inc.
$	837	5.00%, 01/15/2021	$	835

The accompanying notes are an integral part of these financial statements.

23

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 0.2% - (continued)
		Finance and Insurance - 0.0%
		Asurion LLC
$	775	8.50%, 03/03/2021 ☼	$	787
		Mining - 0.0%
		Arch Coal, Inc.
	1,675	6.25%, 05/16/2018 ☼		1,477
		Other Services - 0.0%
		Gardner Denver, Inc.
	1,929	4.25%, 07/30/2020 ☼		1,900
		Petroleum and Coal Products Manufacturing - 0.0%
		Crosby Worldwide Ltd.
	1,558	4.00%, 11/23/2020 ☼		1,490
		Retail Trade - 0.1%
		Lands' End, Inc.
	1,141	4.25%, 04/04/2021 ☼		1,114
		Neiman Marcus (The) Group, Inc.
	1,840	4.25%, 10/25/2020 ☼		1,814
				2,928
		Utilities - 0.1%
		Texas Competitive Electric Holdings Co. LLC
	3,799	4.65%, 10/10/2017 ☼Ψ		2,763
		Total Senior Floating Rate Interests
		(Cost $12,508)	$	12,180
U.S. Government Securities - 0.1%
U.S. Treasury Securities - 0.1%
		U.S. Treasury Bonds - 0.0%
$	1,350	3.13%, 08/15/2044 ╦	$	1,367
	410	3.38%, 05/15/2044 Θ		435
				1,802
		U.S. Treasury Notes - 0.1%
	850	0.50%, 09/30/2016 ‡		850
	1,250	2.38%, 08/15/2024 ‡		1,255
				2,105
				3,907
		Total U.S. Government Securities
		(Cost $3,885)	$	3,907
		Total Long-Term Investments Excluding Purchased Options
		(Cost $4,795,901)	$	5,300,529
Short-Term Investments - 2.6%
Repurchase Agreements - 2.6%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $400, collateralized by U.S. Treasury Note 1.50%, 2019, value of $408)
$	400	0.08%, 10/31/2014	$	400
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $6,808, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $6,945)
	6,808	0.09%, 10/31/2014		6,808
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,829, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $1,866)
	1,829	0.08%, 10/31/2014		1,829
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $6,201, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $6,325)
	6,201	0.10%, 10/31/2014		6,201
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $23,365, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $23,832)
	23,365	0.08%, 10/31/2014		23,365
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $26,856, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $27,393)
	26,856	0.09%, 10/31/2014		26,856
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,550, collateralized by U.S. Treasury Note 0.88%, 2017, value of $1,581)
	1,550	0.13%, 10/31/2014		1,550
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,282, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $2,328)
	2,282	0.07%, 10/31/2014		2,282
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $24,041, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $24,521)
	24,040	0.08%, 10/31/2014		24,040

The accompanying notes are an integral part of these financial statements.

24

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Short-Term Investments - 2.6% - (continued)
Repurchase Agreements - 2.6% - (continued)
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $46,587, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $47,518)
$	46,586	0.10%, 10/31/2014			$	46,586
						139,917
		Total Short-Term Investments
		(Cost $139,917)			$	139,917
		Total Investments Excluding Purchased Options
		(Cost $4,935,818)	99.8	%	$	5,440,446
		Total Purchased Options
		(Cost $2)	—	%		—
		Total Investments
		(Cost $4,935,820) ▲	99.8	%	$	5,440,446
		Other Assets and Liabilities	0.2	%		10,956
		Total Net Assets	100.0	%	$	5,451,402

The accompanying notes are an integral part of these financial statements.

25

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $4,937,748 and the aggregate gross unrealized appreciation and depreciation based on that cost were:    

Unrealized Appreciation	$	527,796
Unrealized Depreciation		(25,098	)
Net Unrealized Appreciation	$	502,698

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

● Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.    

Ψ The issuer is in bankruptcy. However, the investment held by the Fund is current with respect to interest payments.

Ϫ The issuer is in bankruptcy. The investment held by the Fund has made partial interest payments.

Ω Debt security in default due to bankruptcy.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

◄ The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

♦ Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy.  As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $496,775, which represents 9.1% of total net assets.  

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $139,550, which represents 2.6% of total net assets.  

β Convertible security.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

Þ This security may pay interest in the form of additional principal in lieu of cash.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $21,530 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

The accompanying notes are an integral part of these financial statements.

26

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
OTC option and/or OTC swap contracts	$	–	$	575
Futures contracts		5,059		–
Centrally cleared swaps contracts		129		–
Total	$	5,188	$	575

OTC Swaption Contracts Outstanding at October 31, 2014

Description	Counter -  party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate			Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased swaption contracts:
Puts
Credit Default Swaption CDX.NA.IG.22	BNP	CR		0.73	%	11/19/14	USD	1,775,000	$	–	$	2	$	(2	)
Written swaption contracts:
Calls
Credit Default Swaption CDX.NA.IG.22	BNP	CR		0.60	%	11/19/14	USD	1,775,000	$	1	$	1	$	–
Credit Default Swaption CDX.NA.IG.23	BNP	CR		0.70	%	11/19/14	USD	2,204,000		7		5		(2	)
Total Calls								3,979,000	$	8	$	6	$	(2	)
Puts
Credit Default Swaption CDX.NA.IG.23	BNP	CR		0.70	%	11/19/14	USD	2,204,000	$	1	$	3	$	2
Total written swaption contracts								6,183,000	$	9	$	9	$	–

* The number of contracts does not omit 000's.

Δ For purchased swaptions, premiums are paid by the Fund, for written swaptions, premiums are received.

Futures Contracts Outstanding at October 31, 2014

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
U.S. Treasury 2-Year Note Future		760	12/31/2014	$	166,347	$	166,868	$	521	$	–		$	–	$	(47	)
U.S. Treasury 5-Year Note Future		7,357	12/31/2014		873,438		878,644		5,206		–			–		(1207	)
U.S. Treasury Long Bond Future		1,775	12/19/2014		246,479		250,441		3,962		–			–		(832	)
Total								$	9,689	$	–		$	–	$	(2,086	)
Short position contracts:
Euro-BOBL Future		1	12/08/2014	$	159	$	160	$	–	$	(1	)	$	–	$	–
Euro-BUND Future		18	12/08/2014		3,356		3,404		–		(48	)		–		(1	)
U.S. Treasury 10-Year Note Future		8,649	12/19/2014		1,087,126		1,092,882		–		(5,756	)		2,431		(91	)
U.S. Treasury CME Ultra Long Term Bond Future		167	12/19/2014		25,773		26,188		–		(415	)		98		(2	)
Total								$	–	$	(6,220	)	$	2,529	$	(94	)
Total futures contracts								$	9,689	$	(6,220	)	$	2,529	$	(2,180	)

* The number of contracts does not omit 000's.

The accompanying notes are an integral part of these financial statements.

27

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied	Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)	Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on single-name issues:
Buy protection:
Colombia (Republic of)	BCLY	USD	855	(1.00)% / (0.75)%	03/20/19	$	10	$	–		$	(9	)	$	–	$	(19	)
Colombia (Republic of)	BOA	USD	425	(1.00)% / (0.75)%	03/20/19		3		–			(5	)		–		(8	)
ConAgra Foods, Inc.	GSC	USD	1,075	(1.00)% / (0.53)%	12/20/19		–		(17	)		(25	)		–		(8	)
Indonesia (Republic of)	BCLY	USD	320	(1.00)% / (1.35)%	09/20/19		7		–			5			–		(2	)
Indonesia (Republic of)	BNP	USD	1,100	(1.00)% / (1.35)%	09/20/19		25		–			18			–		(7	)
Indonesia (Republic of)	GSC	USD	145	(1.00)% / (1.35)%	09/20/19		3		–			2			–		(1	)
Venezuela (Republic of)	BOA	USD	745	(5.00)% / (18.38)%	03/20/19		139		–			253			114		–
Venezuela (Republic of)	DEUT	USD	1,315	(5.00)% / (18.38)%	03/20/19		248		–			447			199		–
Total						$	435	$	(17	)	$	686		$	313	$	(45	)
Sell protection:
Illinois State GO	GSC	USD	900	1.00% / 1.11%	06/20/17	$	4	$	–		$	(2	)	$	–	$	(6	)
International Lease Finance Corp.	BCLY	USD	473	5.00% / 2.15%	12/20/19		60		–			63			3		–
Kazakhstan (Republic of)	BCLY	USD	435	1.00% / 1.53%	06/20/19		–		(16	)		(10	)		6		–
Kazakhstan (Republic of)	DEUT	USD	90	1.00% / 1.53%	06/20/19		–		(4	)		(2	)		2		–
Kazakhstan (Republic of)	MSC	USD	140	1.00% / 1.53%	06/20/19		–		(5	)		(3	)		2		–
Peru (Republic of)	BCLY	USD	860	1.00% / 0.83%	03/20/19		–		(11	)		6			17		–
Peru (Republic of)	BOA	USD	420	1.00% / 0.83%	03/20/19		–		(4	)		3			7		–
Turkey (Republic of)	BNP	USD	1,420	1.00% / 1.66%	09/20/19		–		(51	)		(43	)		8		–
Turkey (Republic of)	DEUT	USD	1,655	1.00% / 1.72%	12/20/19		–		(76	)		(58	)		18		–
Turkey (Republic of)	GSC	USD	145	1.00% / 1.66%	09/20/19		–		(6	)		(5	)		1		–
Turkey (Republic of)	GSC	USD	3,270	1.00% / 1.72%	12/20/19		–		(147	)		(115	)		32		–
Total						$	64	$	(320	)	$	(166	)	$	96	$	(6	)
Total single-name issues						$	499	$	(337	)	$	520		$	409	$	(51	)

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

Clearing

Notional

(Pay)/ Receive Fixed

Expiration

Market

Unrealized Appreciation/ (Depreciation)

Variation Margin

Reference Entity

House (a)

Amount (b)

Rate

Date

Cost Basis

Value ╪

Asset

Liability

Asset

Liability

Credit default swaps on indices:

Sell protection:

CDX.NA.HY.22

CME

USD

2,807

5.00

%

06/20/19

$

193

$

210

$

17

$

–

$

9

$

–

(a) The FCM to the contracts is GSC.

(b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

The accompanying notes are an integral part of these financial statements.

28

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2014

Clearing

Payments made

Payments received

Notional

Expiration

Upfront Premiums Paid

Market

Unrealized Appreciation/ (Depreciation)

Variation Margin

House (a)

by Fund

by Fund

Amount

Date

(Received)

Value ╪

Asset

Liability

Asset

Liability

LCH

0.43% Fixed

6M EURIBOR

EUR

200

09/17/17

$

–

$

(1

)

$

–

$

(1

)

$

–

$

–

(a) The FCM to the contracts is GSC.

Foreign Currency Contracts Outstanding at October 31, 2014

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
BRL	Buy	12/02/2014	DEUT	$	416	$	420	$	4	$	–
BRL	Sell	12/02/2014	JPM		215		214		1		–
BRL	Sell	12/02/2014	MSC		1,553		1,563		–		(10	)
BRL	Sell	12/02/2014	UBS		3,406		3,169		237		–
BRL	Sell	12/02/2014	UBS		1,553		1,563		–		(10	)
CAD	Buy	11/28/2014	BOA		180		179		–		(1	)
CAD	Sell	11/28/2014	BOA		180		179		1		–
CLP	Buy	12/17/2014	BNP		1,522		1,565		43		–
CLP	Sell	12/17/2014	BNP		378		391		–		(13	)
CLP	Sell	12/17/2014	BOA		759		783		–		(24	)
CLP	Sell	12/17/2014	SCB		377		391		–		(14	)
COP	Sell	12/17/2014	BOA		683		660		23		–
COP	Sell	12/17/2014	BOA		1,440		1,441		–		(1	)
EUR	Buy	12/17/2014	CBK		139		137		–		(2	)
EUR	Buy	12/17/2014	CSFB		235		233		–		(2	)
EUR	Buy	12/17/2014	DEUT		705		691		–		(14	)
EUR	Buy	11/04/2014	HSBC		2,615		2,615		–		–
EUR	Sell	12/17/2014	DEUT		9,145		8,854		291		–
EUR	Sell	11/28/2014	HSBC		2,616		2,616		–		–
EUR	Sell	12/17/2014	HSBC		270		262		8		–
EUR	Sell	11/28/2014	JPM		9,039		8,944		95		–
EUR	Sell	12/17/2014	RBS		71		69		2		–
IDR	Buy	12/17/2014	UBS		1,494		1,476		–		(18	)
INR	Buy	12/17/2014	CBK		2,893		2,878		–		(15	)
INR	Sell	12/17/2014	JPM		1,492		1,488		4		–
INR	Sell	12/17/2014	SSG		1,394		1,389		5		–
MXN	Buy	12/17/2014	DEUT		283		282		–		(1	)
MXN	Buy	12/17/2014	JPM		2,442		2,400		–		(42	)
MYR	Buy	12/17/2014	UBS		1,489		1,448		–		(41	)
PEN	Sell	12/17/2014	SCB		1,766		1,738		28		–
PHP	Buy	12/17/2014	JPM		1,539		1,538		–		(1	)
ZAR	Sell	12/17/2014	DEUT		1,483		1,490		–		(7	)
ZAR	Sell	12/17/2014	RBS		1,422		1,425		–		(3	)
Total								$	742	$	(219	)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

29

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BNP	BNP Paribas Securities Services
BOA	Banc of America Securities LLC
CBK	Citibank NA
CME	Chicago Mercantile Exchange
CSFB	Credit Suisse First Boston Corp.
DEUT	Deutsche Bank Securities, Inc.
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
JPM	JP Morgan Chase & Co.
LCH	LCH Clearnet
MSC	Morgan Stanley
RBS	RBS Greenwich Capital
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
UBS	UBS AG
Currency Abbreviations:
BRL	Brazilian Real
CAD	Canadian Dollar
CLP	Chilean Peso
COP	Colombian Peso
EUR	EURO
IDR	Indonesian New Rupiah
INR	Indian Rupee
MXN	Mexican New Peso
MYR	Malaysian Ringgit
PEN	Peruvian New Sol
PHP	Philippine Peso
USD	U.S. Dollar
ZAR	South African Rand
Index Abbreviations:
CDX.NA.HY	Credit Derivatives North American High Yield
CDX.NA.IG	Credit Derivatives North American Investment Grade
Municipal Bond Abbreviations:
GO	General Obligation
PA	Port Authority
Rev	Revenue
Other Abbreviations:
ADR	American Depositary Receipt
CR	Credit
EURIBOR	Euro Interbank Offered Rate
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

30

The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	93,971	$	–	$	66,975	$	26,996
Common Stocks ‡		2,524,030		2,328,009		196,021		–
Corporate Bonds		2,359,023		–		2,359,013		10
Foreign Government Obligations		284,012		–		284,012		–
Municipal Bonds		19,101		–		19,101		–
Preferred Stocks		4,305		4,305		–		–
Senior Floating Rate Interests		12,180		–		12,180		–
U.S. Government Securities		3,907		2,622		1,285		–
Short-Term Investments		139,917		–		139,917		–
Purchased Options		–		–		–		–
Total	$	5,440,446	$	2,334,936	$	3,078,504	$	27,006
Foreign Currency Contracts *	$	742	$	–	$	742	$	–
Futures *		9,689		9,689		–		–
Swaps - Credit Default *		426		–		426		–
Total	$	10,857	$	9,689	$	1,168	$	–
Liabilities:
Written Options		9		–		9		–
Total	$	9	$	–	$	9	$	–
Foreign Currency Contracts *	$	219	$	–	$	219	$	–
Futures *		6,220		6,220		–		–
Swaps - Credit Default *		51		–		51		–
Swaps - Interest Rate *		1		–		1		–
Total	$	6,491	$	6,220	$	271	$	–

♦ For the year ended October 31, 2014, investments valued at $388 were transferred from Level 2 to Level 1, and there were no transfers from Level 1 to Level 2. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:  

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).  

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).  

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

‡ The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized  Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers  Out of Level 3 *			Balance as  of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	12,771	$	444	$	258	†	$	590	$	17,925	$	(4,758	)	$	504	$	(738	)	$	26,996
Corporate Bonds		1,746		48		42	‡		1		—		(1,827	)		—		—			10
Total	$	14,517	$	492	$	300		$	591	$	17,925	$	(6,585	)	$	504	$	(738	)	$	27,006

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $260.

‡ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(10).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

31

The Hartford Balanced Income Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $4,935,820)	$	5,440,446
Cash		7,255	*
Unrealized appreciation on foreign currency contracts		742
Unrealized appreciation on OTC swap contracts		409
Receivables:
Investment securities sold		11,306
Fund shares sold		25,208
Dividends and interest		33,735
Variation margin on financial derivative instruments		2,538
OTC swap premiums paid		499
Other assets		195
Total assets		5,522,333
Liabilities:
Unrealized depreciation on foreign currency contracts		219
Unrealized depreciation on OTC swap contracts		51
Payables:
Investment securities purchased		59,378
Fund shares redeemed		6,081
Investment management fees		587
Administrative fees		6
Distribution fees		482
Collateral received from broker		575
Variation margin on financial derivative instruments		2,180
Accrued expenses		598
OTC swap premiums received		337
Written option contracts (proceeds $9)		9
Other liabilities		428
Total liabilities		70,931
Net assets	$	5,451,402
Summary of Net Assets:
Capital stock and paid-in-capital	$	4,852,806
Undistributed net investment income		8,415
Accumulated net realized gain		81,252
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		508,929
Net assets	$	5,451,402

* Cash of $5,188 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

32

The Hartford Balanced Income Fund

Statement of Assets and Liabilities – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		1,450,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$13.72/$14.52
Shares outstanding		168,878
Net assets	$	2,317,429
Class B: Net asset value per share	$	13.69
Shares outstanding		1,377
Net assets	$	18,846
Class C: Net asset value per share	$	13.56
Shares outstanding		138,985
Net assets	$	1,884,930
Class I: Net asset value per share	$	13.72
Shares outstanding		75,170
Net assets	$	1,031,554
Class R3: Net asset value per share	$	13.77
Shares outstanding		7,765
Net assets	$	106,894
Class R4: Net asset value per share	$	13.77
Shares outstanding		3,936
Net assets	$	54,196
Class R5: Net asset value per share	$	13.78
Shares outstanding		948
Net assets	$	13,069
Class Y: Net asset value per share	$	13.84
Shares outstanding		1,769
Net assets	$	24,484

The accompanying notes are an integral part of these financial statements.

33

The Hartford Balanced Income Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	69,744
Interest		95,003
Less: Foreign tax withheld		(1,443	)
Total investment income		163,304
Expenses:
Investment management fees		26,639
Administrative services fees
Class R3		162
Class R4		74
Class R5		12
Transfer agent fees
Class A		2,042
Class B		41
Class C		1,290
Class I		640
Class R3		2
Class R4		1
Class R5		1
Class Y		—
Distribution fees
Class A		5,278
Class B		51
Class C		15,852
Class R3		404
Class R4		124
Custodian fees		49
Accounting services fees		925
Registration and filing fees		324
Board of Directors' fees		114
Audit fees		44
Other expenses		703
Total expenses (before waivers and fees paid indirectly)		54,772
Expense waivers		(128	)
Commission recapture		(14	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(142	)
Total expenses, net		54,630
Net Investment Income		108,674
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		83,149
Net realized loss on purchased option contracts		(7	)
Net realized loss on futures contracts		(4,311	)
Net realized gain on written option contracts		4
Net realized gain on swap contracts		3,331
Net realized gain on foreign currency contracts		633
Net realized gain on other foreign currency transactions		155
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		82,954
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation of investments		197,189
Net unrealized depreciation of purchased option contracts		(2	)
Net unrealized appreciation of futures contracts		3,335
Net unrealized appreciation of written option contracts		—
Net unrealized depreciation of swap contracts		(2,695	)
Net unrealized appreciation of foreign currency contracts		789
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(76	)
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		198,540
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		281,494
Net Increase in Net Assets Resulting from Operations	$	390,168

The accompanying notes are an integral part of these financial statements.

34

The Hartford Balanced Income Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	108,674		$	71,749
Net realized gain on investments, other financial instruments and foreign currency transactions		82,954			51,350
Net unrealized appreciation of investments, other financial instruments and foreign currency transactions		198,540			175,930
Net Increase in Net Assets Resulting from Operations		390,168			299,029
Distributions to Shareholders:
From net investment income
Class A		(51,722	)		(36,895	)
Class B		(480	)		(454	)
Class C		(28,398	)		(17,560	)
Class I		(20,830	)		(12,046	)
Class R3		(1,787	)		(895	)
Class R4		(1,231	)		(584	)
Class R5		(316	)		(158	)
Class Y		(518	)		(240	)
Total from net investment income		(105,282	)		(68,832	)
From net realized gain on investments
Class A		(25,647	)		(14,201	)
Class B		(280	)		(205	)
Class C		(18,534	)		(8,323	)
Class I		(8,332	)		(3,831	)
Class R3		(849	)		(354	)
Class R4		(515	)		(187	)
Class R5		(125	)		(2	)
Class Y		(207	)		(31	)
Total from net realized gain on investments		(54,489	)		(27,134	)
Total distributions		(159,771	)		(95,966	)
Capital Share Transactions:
Class A		331,849			647,022
Class B		(3,146	)		3,266
Class C		480,007			612,834
Class I		396,094			261,056
Class R3		43,669			28,556
Class R4		14,585			20,396
Class R5		3,184			8,675
Class Y		9,177			11,938
Net increase from capital share transactions		1,275,419			1,593,743
Net Increase in Net Assets		1,505,816			1,796,806
Net Assets:
Beginning of period		3,945,586			2,148,780
End of period	$	5,451,402		$	3,945,586
Undistributed (distributions in excess of) net investment income	$	8,415		$	6,636

The accompanying notes are an integral part of these financial statements.

35

The Hartford Balanced Income Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Balanced Income Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

36

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of OTC options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

37

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into. 

38

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable. 

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the

39

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as

40

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund, as shown on the Schedule of Investments, had inflation indexed bonds as of October 31, 2014.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of

41

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:
Call Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		3,979,016			9
Expired		—			—
Closed		(16	)		(3	)
Exercised		—			—
End of period		3,979,000		$	6

Put Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		3,979,000			4
Expired		—			—
Closed		(1,775,000	)		(1	)
Exercised		—			—
End of period		2,204,000		$	3

 * The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In

42

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

43

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the  Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund, as shown on the  Schedule of Investments, had outstanding interest rate swap contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Unrealized appreciation on foreign currency contracts		—		742		—		—		—		—		742
Unrealized appreciation on OTC swap contracts		—		—		409		—		—		—		409
Variation margin receivable *		2,529		—		9		—		—		—		2,538
Total	$	2,529	$	742	$	418	$	—	$	—	$	—	$	3,689
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	219	$	—	$	—	$	—	$	—	$	219
Unrealized depreciation on OTC swap contracts		—		—		51		—		—		—		51
Variation margin payable *		2,180		—		—		—		—		—		2,180
Written option contracts, market value		—		—		9		—		—		—		9
Total	$	2,180	$	219	$	60	$	—	$	—	$	—	$	2,459

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative appreciation of $3,469 and open centrally cleared swaps net cumulative appreciation of $16 as reported in the Schedule of Investments.

44

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The ratio of futures market value to net assets at October 31, 2014 was 30.79%, compared to the twelve-month average ratio of 13.63% during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit  Contracts			Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on purchased option contracts	$	(7	)	$	—	$	—		$	—	$	—	$	—	$	(7	)
Net realized loss on futures contracts		(4,311	)		—		—			—		—		—		(4,311	)
Net realized gain on written option contracts		3			—		1			—		—		—		4
Net realized gain on swap contracts		—			—		3,331			—		—		—		3,331
Net realized gain on foreign currency contracts		—			633		—			—		—		—		633
Total	$	(4,315	)	$	633	$	3,332		$	—	$	—	$	—	$	(350	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of purchased option contracts	$	—		$	—	$	(2	)	$	—	$	—	$	—	$	(2	)
Net change in unrealized appreciation of futures contracts		3,335			—		—			—		—		—		3,335
Net change in unrealized appreciation of written option contracts		—			—		—			—		—		—		—
Net change in unrealized depreciation of swap contracts		(1	)		—		(2,694	)		—		—		—		(2,695	)
Net change in unrealized appreciation of foreign currency contracts		—			789		—			—		—		—		789
Total	$	3,334		$	789	$	(2,696	)	$	—	$	—	$	—	$	1,427

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received			Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	797	$	(104	)	$	—	$	(566	)†	$	127
Futures contracts - variation margin receivable		2,529		(2,180	)		—		—			349
Swap contracts - variation margin receivable		9		—			—		—			9
Unrealized appreciation on foreign currency contracts		742		(187	)		—		—			555
Total subject to a master netting or similar arrangement	$	4,077	$	(2,471	)	$	—	$	(566	)	$	1,040

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

† An additional $9 of cash collateral was received by the Fund related to derivative assets.

45

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	286	$	(104	)	$	—	$	—		$	182
Futures contracts - variation margin payable		2,180		(2,180	)		—		(5,059	)		—
Swaps contracts - variation margin payable		—		—			—		—			—
Unrealized depreciation on foreign currency contracts		219		(187	)		—		—			32
Total subject to a master netting or similar arrangement	$	2,685	$	(2,471	)	$	—	$	(5,059	)	$	214

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

46

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	115,187	$	82,184
Long-Term Capital Gains ‡		44,584		13,782

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	26,524
Undistributed Long-Term Capital Gain		69,258
Unrealized Appreciation*		502,897
Total Accumulated Earnings	$	598,679

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(1,613	)
Accumulated Net Realized Gain (Loss)		1,613

47

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million	0.700%
On next $250 million	0.630%
On next $500 million	0.600%
On next $1.5 billion	0.570%
On next $2.5 billion	0.550%
On next $5 billion	0.530%
Over $10 billion	0.525%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.020%
On next $5 billion	0.015%
Over $10 billion	0.010%

48

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B*	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.99%	1.74%	1.74%	0.74%	1.24%	0.94%	0.69%	0.64%

* The reduction in amounts charged in connection with Class B Distribution and Service Plan (12b-1) fees that took effect June 30, 2012, in order to comply with applicable FINRA rules, caused the limit on net operating expenses attributable to Class B shares to be, effectively, 0.99%.

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		0.97	%
Class B		0.99
Class C		1.70
Class I		0.70
Class R3		1.24
Class R4		0.94
Class R5		0.69
Class Y		0.62

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $15,439 and contingent deferred sales charges of $321 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Effective June 30, 2012, there was a reduction in the amount charged in connection with the Class B shares’ Rule 12b-1 fee from 1.00% to 0.25% in accordance with applicable FINRA rules, although it is possible that such fees may be charged in the future. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with

49

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $8. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	2,933,652	$	27,000	$	2,960,652
Sales Proceeds		1,727,444		66,033		1,793,477

50

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued  for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of  Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		51,873		5,684		(32,666	)		24,891			69,317		3,998		(21,724	)		51,591
Amount	$	694,460	$	75,233	$	(437,844	)	$	331,849		$	871,692	$	49,453	$	(274,123	)	$	647,022
Class B
Shares		213		51		(498	)		(234	)		551		47		(335	)		263
Amount	$	2,828	$	676	$	(6,650	)	$	(3,146	)	$	6,896	$	573	$	(4,203	)	$	3,266
Class C
Shares		49,862		3,183		(16,831	)		36,214			58,722		1,850		(11,341	)		49,231
Amount	$	661,025	$	41,562	$	(222,580	)	$	480,007		$	731,990	$	22,616	$	(141,772	)	$	612,834
Class I
Shares		41,224		1,817		(13,707	)		29,334			33,806		1,019		(14,100	)		20,725
Amount	$	555,342	$	24,120	$	(183,368	)	$	396,094		$	426,625	$	12,635	$	(178,204	)	$	261,056
Class R3
Shares		4,024		196		(972	)		3,248			3,229		100		(1,082	)		2,247
Amount	$	54,134	$	2,613	$	(13,078	)	$	43,669		$	41,043	$	1,238	$	(13,725	)	$	28,556
Class R4
Shares		1,857		123		(879	)		1,101			3,315		56		(1,722	)		1,649
Amount	$	24,762	$	1,635	$	(11,812	)	$	14,585		$	41,439	$	702	$	(21,745	)	$	20,396
Class R5
Shares		363		33		(155	)		241			766		13		(85	)		694
Amount	$	4,835	$	441	$	(2,092	)	$	3,184		$	9,590	$	160	$	(1,075	)	$	8,675
Class Y
Shares		915		53		(292	)		676			1,005		21		(81	)		945
Amount	$	12,385	$	705	$	(3,913	)	$	9,177		$	12,714	$	263	$	(1,039	)	$	11,938
Total
Shares		150,331		11,140		(66,000	)		95,471			170,711		7,104		(50,470	)		127,345
Amount	$	2,009,771	$	146,985	$	(881,337	)	$	1,275,419		$	2,141,989	$	87,640	$	(635,886	)	$	1,593,743

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		50	$	665
For the Year Ended October 31, 2013		29	$	370

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

51

The Hartford Balanced Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

52

The Hartford Balanced Income Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning  of Period		Net  Investment  Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions  from  Realized  Capital  Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of  Expenses  to  Average  Net  Assets  After  Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	13.05	$	0.34	$	0.83	$	1.17	$	(0.32	)	$	(0.18	)	$	(0.50	)	$	13.72		9.19	%	$	2,317,429		0.97	%		0.97	%		2.56	%
B		13.01		0.34		0.84		1.18		(0.32	)		(0.18	)		(0.50	)		13.69		9.25			18,846		1.07			0.99			2.56
C		12.91		0.24		0.82		1.06		(0.23	)		(0.18	)		(0.41	)		13.56		8.39			1,884,930		1.70			1.70			1.81
I		13.05		0.38		0.83		1.21		(0.36	)		(0.18	)		(0.54	)		13.72		9.47			1,031,554		0.70			0.70			2.80
R3		13.10		0.30		0.84		1.14		(0.29	)		(0.18	)		(0.47	)		13.77		8.90			106,894		1.32			1.24			2.26
R4		13.10		0.35		0.83		1.18		(0.33	)		(0.18	)		(0.51	)		13.77		9.19			54,196		1.02			0.94			2.58
R5		13.11		0.38		0.83		1.21		(0.36	)		(0.18	)		(0.54	)		13.78		9.44			13,069		0.73			0.69			2.83
Y		13.16		0.39		0.84		1.23		(0.37	)		(0.18	)		(0.55	)		13.84		9.55			24,484		0.62			0.62			2.89
For the Year Ended October 31, 2013
A	$	12.24	$	0.32	$	0.94	$	1.26	$	(0.30	)	$	(0.15	)	$	(0.45	)	$	13.05		10.57	%	$	1,879,401		0.99	%		0.96	%		2.53	%
B		12.20		0.32		0.94		1.26		(0.30	)		(0.15	)		(0.45	)		13.01		10.60			20,966		1.10			0.96			2.55
C		12.13		0.22		0.93		1.15		(0.22	)		(0.15	)		(0.37	)		12.91		9.70			1,326,973		1.72			1.70			1.78
I		12.24		0.35		0.94		1.29		(0.33	)		(0.15	)		(0.48	)		13.05		10.84			598,310		0.73			0.71			2.77
R3		12.29		0.29		0.94		1.23		(0.27	)		(0.15	)		(0.42	)		13.10		10.27			59,155		1.33			1.22			2.26
R4		12.28		0.32		0.95		1.27		(0.30	)		(0.15	)		(0.45	)		13.10		10.64			37,128		1.03			0.91			2.55
R5		12.29		0.36		0.94		1.30		(0.33	)		(0.15	)		(0.48	)		13.11		10.90			9,269		0.73			0.69			2.80
Y		12.34		0.36		0.95		1.31		(0.34	)		(0.15	)		(0.49	)		13.16		10.91			14,384		0.63			0.62			2.81
For the Year Ended October 31, 2012
A	$	11.02	$	0.35	$	1.18	$	1.53	$	(0.31	)	$	–		$	(0.31	)	$	12.24		14.05	%	$	1,131,250		1.04	%		0.83	%		2.98	%
B		10.98		0.30		1.16		1.46		(0.24	)		–			(0.24	)		12.20		13.44			16,451		1.54			1.30			2.55
C		10.94		0.25		1.18		1.43		(0.24	)		–			(0.24	)		12.13		13.22			649,208		1.79			1.58			2.19
I		11.02		0.37		1.18		1.55		(0.33	)		–			(0.33	)		12.24		14.31			307,422		0.81			0.59			3.19
R3		11.06		0.31		1.20		1.51		(0.28	)		–			(0.28	)		12.29		13.84			27,888		1.41			1.11			2.64
R4		11.06		0.33		1.21		1.54		(0.32	)		–			(0.32	)		12.28		14.08			14,568		1.17			0.83			2.77
R5		11.06		0.38		1.18		1.56		(0.33	)		–			(0.33	)		12.29		14.33			164		0.76			0.56			3.29
Y		11.05		0.37		1.26		1.63		(0.34	)		–			(0.34	)		12.34		14.98			1,829		0.74			0.56			3.14
For the Year Ended October 31, 2011
A	$	10.55	$	0.37	$	0.44	$	0.81	$	(0.34	)	$	–		$	(0.34	)	$	11.02		7.78	%	$	395,347		1.17	%		0.67	%		3.44	%
B		10.51		0.28		0.44		0.72		(0.25	)		–			(0.25	)		10.98		6.96			9,328		2.05			1.50			2.61
C		10.48		0.29		0.44		0.73		(0.27	)		–			(0.27	)		10.94		7.05			140,127		1.90			1.40			2.70
I		10.54		0.39		0.45		0.84		(0.36	)		–			(0.36	)		11.02		8.11			62,139		0.94			0.44			3.62
R3		10.58		0.32		0.46		0.78		(0.30	)		–			(0.30	)		11.06		7.45			5,333		1.50			1.00			2.96
R4		10.58		0.37		0.44		0.81		(0.33	)		–			(0.33	)		11.06		7.82			463		1.22			0.70			3.37
R5		10.58		0.41		0.44		0.85		(0.37	)		–			(0.37	)		11.06		8.13			119		0.91			0.40			3.75
Y		10.57		0.42		0.43		0.85		(0.37	)		–			(0.37	)		11.05		8.23			136		0.81			0.31			3.84

See Portfolio Turnover information on the next page.

53

The Hartford Balanced Income Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning  of Period		Net  Investment  Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions  from  Realized  Capital  Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of  Expenses  to  Average  Net  Assets  After  Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	9.44	$	0.33	$	1.11	$	1.44	$	(0.33	)	$	–	$	(0.33	)	$	10.55		15.55	%	$	178,227		1.24	%		0.74	%		3.73	%
B		9.40		0.29		1.07		1.36		(0.25	)		–		(0.25	)		10.51		14.69			5,008		2.13			1.50			3.07
C		9.40		0.26		1.10		1.36		(0.28	)		–		(0.28	)		10.48		14.66			52,740		1.98			1.48			2.82
I(E)		9.81		0.25		0.74		0.99		(0.26	)		–		(0.26	)		10.54		10.23	(F)		17,593		0.99	(G)		0.49	(G)		3.52	(G)
R3(H)		9.75		0.13		0.84		0.97		(0.14	)		–		(0.14	)		10.58		10.03	(F)		166		1.58	(G)		1.01	(G)		3.03	(G)
R4(H)		9.75		0.14		0.84		0.98		(0.15	)		–		(0.15	)		10.58		10.17	(F)		112		1.28	(G)		0.71	(G)		3.40	(G)
R5(H)		9.75		0.16		0.84		1.00		(0.17	)		–		(0.17	)		10.58		10.33	(F)		110		0.96	(G)		0.41	(G)		3.70	(G)
Y		9.46		0.42		1.05		1.47		(0.36	)		–		(0.36	)		10.57		15.87			126		0.86			0.35			4.24

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

(E) Commenced operations on February 26, 2010.

(F) Not annualized.

(G) Annualized.

(H) Commenced operations on May 28, 2010.

	Portfolio Turnover  Rate for  All Share Classes
For the Year Ended October 31, 2014		40	%
For the Year Ended October 31, 2013		32
For the Year Ended October 31, 2012		30
For the Year Ended October 31, 2011		29
For the Year Ended October 31, 2010		34

54

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Balanced Income Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Balanced Income Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

55

The Hartford Balanced Income Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

56

The Hartford Balanced Income Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

57

The Hartford Balanced Income Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

58

The Hartford Balanced Income Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

59

The Hartford Balanced Income Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account  Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning  Account Value  April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized  expense ratio			Days  in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,029.40	$	4.95	$	1,000.00	$	1,020.33	$	4.92		0.97	%	184	365
Class B	$	1,000.00	$	1,029.30	$	5.06	$	1,000.00	$	1,020.21	$	5.04		0.99		184	365
Class C	$	1,000.00	$	1,025.50	$	8.69	$	1,000.00	$	1,016.62	$	8.65		1.70		184	365
Class I	$	1,000.00	$	1,030.00	$	3.60	$	1,000.00	$	1,021.65	$	3.59		0.70		184	365
Class R3	$	1,000.00	$	1,028.10	$	6.34	$	1,000.00	$	1,018.95	$	6.31		1.24		184	365
Class R4	$	1,000.00	$	1,029.50	$	4.81	$	1,000.00	$	1,020.47	$	4.79		0.94		184	365
Class R5	$	1,000.00	$	1,030.70	$	3.53	$	1,000.00	$	1,021.73	$	3.52		0.69		184	365
Class Y	$	1,000.00	$	1,030.90	$	3.19	$	1,000.00	$	1,022.06	$	3.18		0.62		184	365

60

The Hartford Balanced Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Balanced Income Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

61

The Hartford Balanced Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) - (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1-year period and the 1^st quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was in line with its blended custom benchmark for the 1-year period and above its blended custom benchmark for the 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

62

The Hartford Balanced Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) - (continued)

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 4^th quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

63

The Hartford Balanced Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) - (continued)

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

64

The Hartford Balanced Income Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early).

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

Dividend Paying Security Investment Risk: Dividends are not guaranteed and are subject to change. Dividend paying securities as a group can fall out of favor with the market, causing the Fund to underperform.

Value Investing Risk: Value investments are considered to be undervalued, but they may never attain their potential value. Value-style investing falls in and out of favor, which may result in periods of underperformance.

65

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-BI14 12/14 113963-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD
CAPITAL APPRECIATION FUND     2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Capital Appreciation Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	14
Statement of Operations for the Year Ended October 31, 2014	15
Statement of Changes in Net Assets for Years Ended October 31, 2014, and October 31, 2013	16
Notes to Financial Statements	17
Financial Highlights	30
Report of Independent Registered Public Accounting Firm	32
Directors and Officers (Unaudited)	33
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	35
Quarterly Portfolio Holdings Information (Unaudited)	35
Federal Tax Information (Unaudited)	36
Expense Example (Unaudited)	37
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	38
Main Risks (Unaudited)	42

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Capital Appreciation Fund inception 07/22/1996

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks growth of capital.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Capital Appreciation A#		12.49	%		13.57	%		8.58	%
Capital Appreciation A##		6.30	%		12.30	%		7.97	%
Capital Appreciation B#		11.55	%		12.63	%		7.88	%*
Capital Appreciation B##		6.55	%		12.38	%		7.88	%*
Capital Appreciation C#		11.69	%		12.77	%		7.81	%
Capital Appreciation C##		10.69	%		12.77	%		7.81	%
Capital Appreciation I#		12.87	%		13.91	%		8.85	%
Capital Appreciation R3#		12.16	%		13.27	%		8.45	%
Capital Appreciation R4#		12.50	%		13.61	%		8.72	%
Capital Appreciation R5#		12.82	%		13.95	%		8.97	%
Capital Appreciation Y#		12.94	%		14.07	%		9.06	%
Russell 3000 Index		16.07	%		17.01	%		8.55	%
S&P 500 Index		17.27	%		16.69	%		8.20	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses.

Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Capital Appreciation Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Capital Appreciation Class A		1.14	%		1.14	%
Capital Appreciation Class B		1.99	%		1.99	%
Capital Appreciation Class C		1.85	%		1.85	%
Capital Appreciation Class I		0.84	%		0.84	%
Capital Appreciation Class R3		1.40	%		1.41	%
Capital Appreciation Class R4		1.10	%		1.10	%
Capital Appreciation Class R5		0.80	%		0.80	%
Capital Appreciation Class Y		0.70	%		0.70	%

* As shown in the Fund's prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014. Net expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014 and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date. However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Saul J. Pannell, CFA	Kent M. Stahl, CFA	Gregg R. Thomas, CFA
Senior Vice President and Equity Portfolio Manager	Senior Vice President and Director, Investments and Risk Management	Senior Vice President and Director, Risk Management
Frank D. Catrickes, CFA
Senior Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Capital Appreciation Fund returned 12.49%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmarks, the Russell 3000 Index and the S&P 500 Index, which returned 16.07% and 17.27%, respectively, for the same period. The Fund also underperformed the 13.21% average return of the Lipper Multi-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities surged during the period, despite bouts of volatility throughout the period. After finishing their best year since 1997, U.S. stocks began 2014 with their worst month in nearly two years. Worries about an economic slowdown in China and general angst surrounding emerging markets overshadowed a fairly benign domestic environment. However, robust merger and acquisition activity and an uncontested increase in the debt ceiling from Congress helped stoke investors' risk appetites in February. The rally continued in May amid renewed signs of life in the housing market and the best payroll gain in more than two years. However, a pullback in July ended a streak of five consecutive monthly gains. Fear gripped the market as heightened geopolitical risks, a potential Portuguese banking crisis, and worries of U.S. Federal Reserve (Fed) tightening took center stage. Stocks rebounded in August as investors were emboldened by encouraging economic data, headlined by better-than-expected gross domestic product (GDP) growth and signs that the housing recovery still had legs. In September, U.S. equities retreated for just the third month this year. Despite solid manufacturing and consumer confidence readings, the reality of quantitative easing ending and the prospect of higher federal funds rates in mid-2015 contributed to increased risk aversion levels. The market rose again in October on the heels of a positive earnings season and strong GDP growth for the third quarter.

All ten sectors in the Russell 3000 Index posted positive returns during the period. Strong performers included the Healthcare (+30%), Information Technology (+23%) and Utilities (+21%) sectors, while the Energy (+3%) and Telecommunication Services (+6%) and Consumer Discretionary (+9%) sectors lagged on a relative basis.

The Fund underperformed the Russell 3000 Index driven by weak stock selection within the Financials, Consumer Discretionary, and Materials sectors. Stock selection within Information Technology and Energy also detracted from returns as did our overweight to the Consumer Discretionary sector. Sector allocation, a result of bottom-up stock selection, contributed modestly to benchmark-relative results driven by our overweight to Healthcare.

Best Buy (Consumer Discretionary), Standard Chartered (Financials) and Apple (Information Technology) detracted most from relative returns during the period. U.S.-based electronics retailer Best Buy reported unfavorable domestic 2013 holiday sales that fell below expectations, sending the stock lower, and efforts to reduce costs

3

The Hartford Capital Appreciation Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

have also eroded profits. Shares of Standard Chartered, a UK-based bank holding company, declined after the bank posted a drop in third-quarter profits from a year ago as impairments for bad loans almost doubled and regulatory compliance costs increased. Shares of Apple, a maker of an interconnected ecosystem of computing and mobile devices, rose after the company posted better-than-expected quarterly earnings and gave solid guidance for the fourth quarter; our benchmark-relative underweight to the Russell 3000 Index was a detractor. Ford Motor (Consumer Discretionary) detracted from results on an absolute basis over the period.

The top contributors to relative performance included Micron Technology (Information Technology), United Continental (Industrials), and NXP Semiconductors (Information Technology). Shares of Micron Technology, a U.S.-based semiconductor manufacturer, rose on improving expectations of constructive industry consolidation, a profitable acquisition, and improving margins. The share price of Netherlands-based semiconductor company NXP Semiconductors moved higher as it continued to maintain its status as a well-positioned semiconductor manufacturers. Overall, NXP continued to benefit from a powerful combination of product cycles, structural cost savings, margin expansion, and a competitive advantage in sizable markets such as identification and smart mobile businesses. U.S.-based global airline United Continental’s shares outperformed amid falling oil prices, one of the company's largest operating expense inputs. The company also raised guidance during the third quarter, indicating better-than-expected revenues and expenses for the quarter. Gilead Sciences also contributed to results on an absolute basis over the period.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We believe the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We believe the U.S. economy is on track for a self-sustaining expansion. After three years of fiscal consolidation, it appears that this policy drag is starting to fade, which we believe should support growth. Meanwhile, investment spending appears to be picking up. Wage trends and inflation have been quite muted in the U.S., yet below the surface it appears that U.S. firms are having a tougher time finding qualified labor. This is suggestive of growing wage pressures in 2015 along with an improving labor market. At the end of the period, our largest overweights were to the Information Technology and Healthcare sectors, while our largest underweights were to the Financials and Consumer Staples, relative to the Fund’s benchmark the Russell 3000 Index.

Diversification by Sector
as of October 31, 2014
Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		13.5	%
Consumer Staples		5.6
Energy		6.7
Financials		14.1
Health Care		15.6
Industrials		9.8
Information Technology		26.1
Materials		3.7
Services		0.7
Utilities		0.9
Total		96.7	%
Short-Term Investments		3.7
Other Assets and Liabilities		(0.4	)
Total		100.0	%

A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford Capital Appreciation Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.2%
		Automobiles and Components - 1.4%
	113	Delphi Automotive plc	$	7,789
	600	Fiat Chrysler Automobiles N.V. ●		6,712
	4,914	Goodyear (The) Tire & Rubber Co.		119,078
	506	Harley-Davidson, Inc.		33,271
				166,850
		Banks - 3.6%
	13,282	Alpha Bank A.E. ●		8,659
	19,773	Bank of Ireland ●		7,784
	11,965	China Construction Bank		8,927
	185	First Republic Bank		9,410
	552	ICICI Bank Ltd.		14,665
	2,009	Itau Unibanco Banco Multiplo S.A. ADR		29,654
	126	M&T Bank Corp.		15,366
	19,851	Mitsubishi UFJ Financial Group, Inc.		115,718
	864	PNC Financial Services Group, Inc.		74,672
	7,316	Standard Chartered plc		110,118
	647	Wells Fargo & Co.		34,352
				429,325
		Capital Goods - 7.6%
	103	3M Co.		15,823
	111	Acuity Brands, Inc.		15,532
	1,804	AECOM Technology Corp. ●		58,715
	277	AMETEK, Inc.		14,429
	109	Arcam AB ●		2,545
	247	Assa Abloy Ab		13,123
	452	Belden, Inc.		32,148
	192	Danaher Corp.		15,437
	292	DigitalGlobe, Inc. ●		8,351
	484	Eaton Corp. plc		33,130
	44	Esterline Technologies Corp. ●		5,134
	164	Flowserve Corp.		11,125
	135	Generac Holdings, Inc. ●		6,134
	715	HD Supply Holdings, Inc. ●		20,608
	195	Jacobs Engineering Group, Inc. ●		9,273
	153	KBR, Inc.		2,918
	191	Lockheed Martin Corp.		36,436
	30	Moog, Inc. Class A ●		2,259
	875	Nidec Corp.		57,844
	246	Northrop Grumman Corp.		33,965
	472	Owens Corning, Inc.		15,134
	227	Polypore International, Inc. ●		9,980
	1,955	Raytheon Co.		203,080
	810	Rexel S.A.		13,613
	1,636	Safran S.A.		103,586
	42	Sulzer AG		4,817
	117	Teledyne Technologies, Inc. ●		12,103
	17	Textron, Inc.		716
	360	TransDigm Group, Inc.		67,296
	235	United Technologies Corp.		25,132
	851	Vallourec S.A.		31,100
	314	WESCO International, Inc. ●		25,862
				907,348
		Commercial and Professional Services - 0.8%
	111	Clean Harbors, Inc. ●		5,516
	363	Equifax, Inc.		27,473
	533	Herman Miller, Inc.		17,061
	104	IHS, Inc. ●		13,622
	692	Knoll, Inc.		13,771
	48	Manpowergroup, Inc.		3,224
	156	Nielsen N.V.		6,639
	174	Robert Half International, Inc.		9,510
				96,816
		Consumer Durables and Apparel - 1.7%
	1,015	D.R. Horton, Inc.		23,139
	388	Electrolux AB Series B		11,001
	115	Fossil Group, Inc. ●		11,723
	403	Kate Spade & Co. ●		10,941
	213	Lennar Corp.		9,167
	251	Luxottica Group S.p.A.		12,792
	112	Michael Kors Holdings Ltd. ●		8,802
	4,056	Pulte Group, Inc.		77,835
	94	PVH Corp.		10,773
	1,718	Samsonite International S.A.		5,710
	344	Vera Bradley, Inc. ●		7,834
	90	Whirlpool Corp.		15,492
				205,209
		Consumer Services - 2.0%
	511	American Public Education, Inc. ●		15,851
	342	Boyd Gaming Corp. ●		3,945
	404	Grand Canyon Education, Inc. ●		19,371
	525	Hilton Worldwide Holdings, Inc. ●		13,255
	290	Las Vegas Sands Corp.		18,076
	497	McDonald's Corp.		46,545
	295	Norwegian Cruise Line Holdings Ltd. ●		11,493
	120	Outerwall, Inc. ●		7,562
	916	Sands China Ltd.		5,713
	1,173	Wyndham Worldwide Corp.		91,077
				232,888
		Diversified Financials - 5.0%
	95	Ameriprise Financial, Inc.		12,008
	361	Banca Generali S.p.A.		9,572
	208	BlackRock, Inc.		71,057
	3,446	Citigroup, Inc.		184,479
	18	Goldman Sachs Group, Inc.		3,502
	284	Hong Kong Exchanges & Clearing Ltd.		6,286
	146	Japan Exchange Group, Inc.		3,621
	3,185	JP Morgan Chase & Co.		192,608
	404	Julius Baer Group Ltd.		17,720
	366	Legg Mason, Inc.		19,008
	177	Northern Trust Corp.		11,704
	373	Platform Specialty Products Corp. ●		9,703
	243	Platform Specialty Products Corp. PIPE ⌂●†		5,837
	183	Portfolio Recovery Associates, Inc. ●		11,556
	155	Raymond James Financial, Inc.		8,700
	562	Waddell & Reed Financial, Inc. Class A		26,817
	206	Wisdomtree Investment, Inc. ●		3,039
				597,217
		Energy - 6.7%
	208	Anadarko Petroleum Corp.		19,100
	23	Antero Resources Corp. ●		1,197
	317	Atwood Oceanics, Inc. ●		12,889
	62	Baker Hughes, Inc.		3,303
	2,268	BG Group plc		37,791
	407	Cabot Oil & Gas Corp.		12,666
	1,665	Cameco Corp.		28,935
	243	Cameron International Corp. ●		14,455
	251	Canadian Natural Resources Ltd. ADR		8,755
	536	Chesapeake Energy Corp.		11,897
	431	Chevron Corp.		51,698
	803	Cobalt International Energy, Inc. ●		9,403

The accompanying notes are an integral part of these financial statements.

5

The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.2% - (continued)
		Energy - 6.7% - (continued)
	230	Continental Resources, Inc. ●	$	12,963
	15	Diamondback Energy, Inc. ●		994
	330	Energen Corp.		22,327
	122	EQT Corp.		11,432
	265	Exxon Mobil Corp.		25,668
	247	Halliburton Co.		13,621
	306	HollyFrontier Corp.		13,886
	60	Hornbeck Offshore Services, Inc. ●		1,851
	1,055	Imperial Oil Ltd.		50,584
	946	Karoon Gas Australia Ltd. ●		2,471
	1,575	McDermott International, Inc. ●		6,048
	213	National Oilwell Varco, Inc.		15,466
	131	Occidental Petroleum Corp.		11,664
	9,899	Petroleo Brasileiro S.A. ADR		120,983
	144	Phillips 66		11,314
	684	Pioneer Natural Resources Co.		129,262
	219	QEP Resources, Inc.		5,489
	329	Range Resources Corp.		22,482
	444	Southwestern Energy Co. ●		14,447
	509	Suncor Energy, Inc.		18,091
	38	Superior Energy Services, Inc.		948
	2,214	Trican Well Service Ltd.		19,844
	1,538	YPF Sociedad Anonima ADR		54,094
				798,018
		Food and Staples Retailing - 1.4%
	1,577	CVS Health Corp.		135,336
	374	Seven & I Holdings Co., Ltd.		14,600
	268	Wal-Mart Stores, Inc.		20,429
				170,365
		Food, Beverage and Tobacco - 3.5%
	276	Anheuser-Busch InBev N.V.		30,651
	256	Anheuser-Busch InBev N.V. ADR		28,435
	1,305	Coca-Cola Co.		54,671
	1,061	Diageo Capital plc		31,290
	114	Diageo plc ADR		13,500
	897	Greencore Group plc		3,765
	50	Hershey Co.		4,793
	497	Imperial Tobacco Group plc		21,588
	394	Kraft Foods Group, Inc.		22,179
	3,707	Mondelez International, Inc.		130,696
	469	Monster Beverage Corp. ●		47,268
	127	Philip Morris International, Inc.		11,344
	172	Post Holdings, Inc. ●		6,463
	1,516	Treasury Wine Estates Ltd.		6,188
				412,831
		Health Care Equipment and Services - 2.7%
	274	Aetna, Inc.		22,626
	592	Becton, Dickinson & Co.		76,146
	421	Cardinal Health, Inc.		33,058
	760	CareView Communications, Inc. ●†		233
	274	Envision Healthcare Holdings ●		9,582
	962	HCA Holdings, Inc. ●		67,393
	508	IMS Health Holdings, Inc. ●		12,307
	424	Medtronic, Inc.		28,927
	433	UnitedHealth Group, Inc.		41,115
	176	Universal Health Services, Inc. Class B		18,247
	116	Wellpoint, Inc.		14,756
				324,390
		Household and Personal Products - 0.7%
	415	Coty, Inc.		6,883
	173	Procter & Gamble Co.		15,063
	2,587	Svenska Cellulosa AB Class B		57,955
				79,901
		Insurance - 4.5%
	456	ACE Ltd.		49,834
	2,823	AIA Group Ltd.		15,751
	3,167	American International Group, Inc.		169,656
	664	Assicurazioni Generali S.p.A.		13,623
	766	Assured Guaranty Ltd.		17,682
	25	Fairfax Financial Holdings Ltd.		11,531
	386	Lincoln National Corp.		21,151
	23	Markel Corp. ●		15,831
	1,129	Marsh & McLennan Cos., Inc.		61,365
	962	MetLife, Inc.		52,173
	357	Principal Financial Group, Inc.		18,684
	957	Prudential Financial, Inc.		84,759
				532,040
		Materials - 3.7%
	164	Air Liquide		19,816
	2,110	Barrick Gold Corp.		25,049
	109	Berry Plastics Group, Inc. ●		2,843
	29	Cabot Corp.		1,346
	243	Celanese Corp.		14,262
	346	Constellium N.V. ●		7,015
	377	Continental Gold Ltd. ●		632
	352	Dow Chemical Co.		17,379
	316	Ecolab, Inc.		35,117
	2	Givaudan		3,200
	2,014	Gold Resource Corp.		7,833
	9,854	Ivanhoe Mines Ltd. ●		7,432
	1,946	JSR Corp.		35,044
	499	Louisiana-Pacific Corp. ●		7,281
	115	Martin Marietta Materials, Inc.		13,455
	171	Methanex Corp. ADR		10,130
	532	Norbord, Inc.		10,418
	980	Packaging Corp. of America		70,651
	298	Praxair, Inc.		37,559
	279	Reliance Steel & Aluminum		18,841
	225	Rio Tinto plc ADR		10,786
	227	Vulcan Materials Co.		13,983
	532	Wacker Chemie AG		64,463
				434,535
		Media - 0.8%
	153	CBS Corp. Class B		8,284
	823	DHX Media Ltd. ●		7,309
	110	DISH Network Corp. ●		6,985
	25	Harvey Weinstein Co. Holdings Class A-1 ⌂●†∞		—
	428	McGraw Hill Financial, Inc.		38,711
	887	Pandora Media, Inc. ●		17,103
	399	Quebecor, Inc.		10,247
	6	Time Warner Cable, Inc.		847
	38	Tribune Media Co. Class A ●		2,555
				92,041
		Pharmaceuticals, Biotechnology and Life Sciences - 12.9%
	829	Actavis plc ●		201,255
	32	Agios Pharmaceuticals, Inc. ●		2,674
	114	Alkermes plc ●		5,748
	356	Almirall S.A. ●		5,843
	87	Alnylam Pharmaceuticals, Inc. ●		8,052
	67	Amgen, Inc.		10,929

The accompanying notes are an integral part of these financial statements.

6

The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.2% - (continued)
		Pharmaceuticals, Biotechnology and Life Sciences - 12.9% - (continued)
	1,081	Arena Pharmaceuticals, Inc. ●	$	4,712
	2,732	AstraZeneca plc		199,559
	217	AstraZeneca plc ADR		15,858
	46	Biogen Idec, Inc. ●		14,866
	7,416	Bristol-Myers Squibb Co.		431,517
	192	Celgene Corp. ●		20,583
	1,067	Gilead Sciences, Inc. ●		119,460
	34	Illumina, Inc. ●		6,542
	348	Incyte Corp. ●		23,316
	204	Innate Pharma S.A. ●		1,875
	499	Johnson & Johnson		53,806
	176	Medivation, Inc. ●		18,613
	3,240	Merck & Co., Inc.		187,753
	133	Ono Pharmaceutical Co., Ltd.		13,429
	816	Pfizer, Inc.		24,430
	337	Portola Pharmaceuticals, Inc. ●		9,609
	64	PTC Therapeutics, Inc. ●‡		2,611
	10	Receptos, Inc. ●		1,026
	109	Regeneron Pharmaceuticals, Inc. ●		42,978
	96	Roche Holding AG		28,299
	51	Salix Pharmaceuticals Ltd. ●		7,359
	240	Tesaro, Inc. ●		6,681
	1,051	TherapeuticsMD, Inc. ●		4,666
	439	Vertex Pharmaceuticals, Inc. ●		49,502
	423	Zoetis, Inc.		15,723
				1,539,274
		Real Estate - 1.0%
	118	AvalonBay Communities, Inc. REIT		18,429
	100	Boston Properties, Inc. REIT		12,728
	330	CBRE Group, Inc. ●		10,565
	17,338	Macquarie Mexico Real Estate Management S.A. de C. V. REIT		31,596
	474	Mitsui Fudosan Co., Ltd.		15,238
	145	Plum Creek Timber Co., Inc. REIT		5,934
	396	Realogy Holdings Corp. ●		16,251
	217	Weyerhaeuser Co. REIT		7,351
				118,092
		Retailing - 7.6%
	644	Advance Automotive Parts, Inc.		94,642
	63	Amazon.com, Inc. ●		19,342
	157	AutoZone, Inc. ●		87,045
	327	CarMax, Inc. ●		18,285
	2,420	Chico's FAS, Inc.		36,488
	369	Conn's, Inc. ●		11,491
	15	Dollar General Corp. ●		969
	232	Dollar Tree, Inc. ●		14,058
	186	GNC Holdings, Inc.		7,711
	3,941	Groupon, Inc. ●		28,808
	439	Home Depot, Inc.		42,775
	12	Honest (The) Co. ⌂●†		292
	76	HSN, Inc.		4,998
	1,429	L Brands, Inc.		103,036
	965	Lowe's Cos., Inc.		55,193
	530	Michaels (The) Cos., Inc. ●		9,681
	49	Netflix, Inc. ●		19,068
	1,060	Office Depot, Inc. ●		5,532
	19	Priceline (The) Group, Inc. ●		22,572
	654	Rakuten, Inc.		7,373
	2	Restoration Hardware Holdings, Inc. ●		188
	713	Signet Jewelers Ltd.		85,609
	2,530	TJX Cos., Inc.		160,225
	771	Tory Burch LLC ⌂●†		50,507
	190	TripAdvisor, Inc. ●		16,810
	290	Tuesday Morning Corp. ●		5,906
				908,604
		Semiconductors and Semiconductor Equipment - 8.2%
	196	Analog Devices, Inc.		9,734
	6,611	Applied Materials, Inc.		146,029
	135,604	GCL-Poly Energy Holdings Ltd. ●		45,702
	271	Hynix Semiconductor, Inc. ●		12,088
	5,649	Intel Corp.		192,128
	773	Maxim Integrated Products, Inc.		22,680
	6,381	Micron Technology, Inc. ●		211,148
	2,472	NXP Semiconductors N.V. ●		169,726
	579	RF Micro Devices, Inc. ●		7,534
	7	Samsung Electronics Co., Ltd.		8,055
	2,038	Sumco Corp. ☼		27,406
	1,466	SunEdison, Inc. ●		28,608
	3,048	SunPower Corp. ●		97,063
				977,901
		Software and Services - 10.1%
	444	Accenture plc		36,051
	9,216	Activision Blizzard, Inc.		183,866
	1,233	Adobe Systems, Inc. ●		86,447
	572	Akamai Technologies, Inc. ●		34,509
	933	Alibaba Group Holding Ltd. ●		91,945
	292	Angie's List, Inc. ●‡		2,032
	517	AOL, Inc. ●		22,495
	328	Automatic Data Processing, Inc.		26,804
	313	Baidu, Inc. ADR ●		74,663
	694	Cadence Design Systems, Inc. ●		12,459
	—	CDK Global, Inc. ●		—
	313	Cognizant Technology Solutions Corp. ●		15,310
	272	CoStar Group, Inc. ●		43,817
	450	Facebook, Inc. ●		33,736
	300	Google, Inc. Class C ●		167,686
	188	IAC/InterActiveCorp.		12,737
	190	Intuit, Inc.		16,703
	261	Markit Ltd. ●		6,669
	4,142	Microsoft Corp.		194,446
	794	Optimal Payments plc ●		5,640
	287	Rovi Corp. ●		5,984
	248	Salesforce.com, Inc. ●		15,865
	501	Symantec Corp.		12,425
	61	Tableau Software, Inc. ●		5,055
	425	Teradata Corp. ●		18,000
	317	UbiSoft Entertainment S.A. ●		5,737
	269	Verint Systems, Inc. ●		15,436
	253	VeriSign, Inc. ●		15,127
	1,109	Web.com Group, Inc. ●		22,777
	247	Yelp, Inc. ●		14,829
				1,199,250
		Technology Hardware and Equipment - 7.3%
	293	Amphenol Corp. Class A		14,840
	2,883	Apple, Inc.		311,346
	2,034	Aruba Networks, Inc. ●		43,898
	6,127	Brocade Communications Systems, Inc.		65,740
	679	CDW Corp. of Delaware		20,953
	3,682	Cisco Systems, Inc.		90,095

The accompanying notes are an integral part of these financial statements.

7

The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.2% - (continued)
		Technology Hardware and Equipment - 7.3% - (continued)
	443	EMC Corp.	$	12,733
	58	F5 Networks, Inc. ●		7,117
	193	Hewlett-Packard Co.		6,933
	1,072	Hitachi Ltd.		8,423
	3,024	Japan Display, Inc. ●		8,977
	6,033	Lenovo Group Ltd.		8,893
	59	Loral Space & Communications, Inc. ●		4,533
	109	Motorola Solutions, Inc.		7,008
	7,573	NEC Corp.		26,781
	1,140	ParkerVision, Inc. ●		1,493
	1,213	Qualcomm, Inc.		95,260
	265	Stratasys Ltd. ●		31,870
	1,348	TE Connectivity Ltd.		82,409
	424	Trimble Navigation Ltd. ●		11,394
	139	Western Digital Corp.		13,688
				874,384
		Telecommunication Services - 0.7%
	1,233	Gogo, Inc. ●		20,485
	3,536	Koninklijke (Royal) KPN N.V.		11,641
	723	NTT DoCoMo, Inc.		12,194
	274	SoftBank Corp.		19,954
	439	Verizon Communications, Inc.		22,043
	36	Zayo Group Holdings, Inc. ●		831
				87,148
		Transportation - 1.4%
	42,097	AirAsia Berhad		32,000
	204	Canadian National Railway Co.		14,382
	99	FedEx Corp.		16,613
	59	Hertz Global Holdings, Inc. ●		1,295
	1,333	International Consolidated Airlines Group S.A. ●		8,743
	29	Kansas City Southern		3,554
	778	Mitsui O.S.K. Lines Ltd.		2,457
	388	Nippon Yusen ‡		1,005
	135	Norfolk Southern Corp.		14,963
	80	United Continental Holdings, Inc. ●		4,209
	641	United Parcel Service, Inc. Class B		67,223
	460	UTI Worldwide, Inc. ●		5,033
				171,477
		Utilities - 0.9%
	27,187	China Longyuan Power Group Corp.		28,992
	219	Duke Energy Corp.		18,024
	221	PG&E Corp.		11,100
	1,830	Snam S.p.A.		9,898
	538	UGI Corp.		20,284
	572	Xcel Energy, Inc.		19,152
				107,450
		Total Common Stocks
		( Cost $10,594,020)	$	11,463,354
Preferred Stocks - 0.5%
		Capital Goods - 0.0%
	266	Lithium Technology Corp. ⌂●†	$	1,481
		Consumer Durables and Apparel - 0.0%
	26	Cloudera, Inc. ⌂●†		631
	83	One Kings Lane, Inc. ⌂●†		1,267
				1,898
		Retailing - 0.0%
	28	Honest (The) Co. Series C ⌂●†β		683
		Software and Services - 0.3%
	371	Apigee Corp. ⌂●†		1,220
	18	Dropbox, Inc. ⌂●†		368
	567	Essence Holding Group ⌂●†		807
	47	LendingClub Corp. ⌂●†		426
	78	Lookout, Inc. ⌂●†		799
	28	New Relic, Inc. ⌂●†		728
	118	Nutanix, Inc. ⌂●†		1,424
	500	Uber Technologies, Inc. ⌂●†		27,935
	58	Veracode, Inc. ⌂●†		967
				34,674
		Technology Hardware and Equipment - 0.2%
	143	DataLogix Holdings ⌂●†		1,329
	1,220	Pure Storage, Inc. ⌂●†		17,262
				18,591
		Telecommunication Services - 0.0%
	40	DocuSign, Inc. ⌂●†		669
				669
		Total Preferred Stocks
		(Cost $63,088)	$	57,996
Exchange Traded Funds - 0.0%
		Other Investment Pools and Funds - 0.0%
	9	S&P 500 Depositary Receipt	$	1,807
		Total Exchange Traded Funds
		(Cost $1,746)	$	1,807
		Total Long-Term Investments
		(Cost $10,658,854)	$	11,523,157
Short-Term Investments - 3.7%
Repurchase Agreements - 3.7%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,276, collateralized by U.S. Treasury Note 1.50%, 2019, value of $1,302)
$	1,276	0.08%, 10/31/2014	$	1,276
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $21,725, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $22,159)
	21,725	0.09%, 10/31/2014		21,725
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,837, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $5,954)
	5,837	0.08%, 10/31/2014		5,837

The accompanying notes are an integral part of these financial statements.

8

The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Short-Term Investments - 3.7% - (continued)
Repurchase Agreements - 3.7% - (continued)
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $19,786, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $20,182)
$	19,786	0.10%, 10/31/2014			$	19,786
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $74,554, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $76,044)
	74,553	0.08%, 10/31/2014				74,553
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $85,693, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $87,406)
	85,692	0.09%, 10/31/2014				85,692
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,946, collateralized by U.S. Treasury Note 0.88%, 2017, value of $5,045)
	4,946	0.13%, 10/31/2014				4,946
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $7,281, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $7,427)
	7,281	0.07%, 10/31/2014				7,281
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $76,710, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $78,244)
	76,710	0.08%, 10/31/2014				76,710
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $148,652, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $151,624)
	148,651	0.10%, 10/31/2014				148,651
						446,457
		Total Short-Term Investments
		(Cost $446,457)			$	446,457
		Total Investments
		(Cost $11,105,311) ▲	100.4	%	$	11,969,614
		Other Assets and Liabilities	(0.4	)%		(51,380	)
		Total Net Assets	100.0	%	$	11,918,234

The accompanying notes are an integral part of these financial statements.

9

The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:  Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $11,123,117 and the aggregate gross unrealized appreciation and depreciation based on that cost were:    

Unrealized Appreciation	$	1,256,978
Unrealized Depreciation		(410,481	)
Net Unrealized Appreciation	$	846,497

†	These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $114,865, which represents 1.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.
●	Non-income producing.
∞	Securities exempt from registration under Regulation D of the Securities Act of 1933, as amended. The Fund may only be able to resell these securities if they are subsequently registered or if an exemption from registration under the federal and state securities laws is available. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value and percentage of net assets of these securities rounds to zero.
⌂	The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale.  A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
04/2014		371	Apigee Corp. Preferred	$	1,079
02/2014		26	Cloudera, Inc. Preferred		377
05/2014		143	DataLogix Holdings Preferred		1,477
02/2014		40	DocuSign, Inc. Preferred		521
01/2014		18	Dropbox, Inc. Preferred		351
05/2014		567	Essence Holding Group Preferred		896
10/2005		25	Harvey Weinstein Co. Holdings Class A-1  - Reg D		23,636
08/2014		12	Honest (The) Co.		325
08/2014		28	Honest (The) Co. Series C Preferred		758
04/2014		47	LendingClub Corp. Preferred		473
08/2014		266	Lithium Technology Corp. Preferred		1,299
07/2014		78	Lookout, Inc. Preferred		888
04/2014		28	New Relic, Inc. Preferred		809
08/2014		118	Nutanix, Inc. Preferred		1,582
01/2014		83	One Kings Lane, Inc. Preferred		1,285
10/2014		243	Platform Specialty Products Corp. PIPE		6,207
04/2014		1,220	Pure Storage, Inc. Preferred		19,180
11/2013		771	Tory Burch LLC		60,400
06/2014		500	Uber Technologies, Inc. Preferred		31,039
08/2014		58	Veracode, Inc. Preferred		1,075

At October 31, 2014, the aggregate value of these securities was $114,632, which represents 1.0% of total net assets.

β	Convertible security.
☼	This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $4,972 at October 31, 2014.
‡	This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

The accompanying notes are an integral part of these financial statements.

10

The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
CAD	Buy	11/04/2014	BCLY	$	705	$	700	$	–	$	(5	)
CHF	Buy	11/03/2014	BMO		26		26		–		–
EUR	Buy	11/03/2014	RBC		805		800		–		(5	)
EUR	Sell	12/03/2014	BCLY		52,329		52,502		–		(173	)
EUR	Sell	12/03/2014	BOA		119,329		115,734		3,595		–
EUR	Sell	12/17/2014	JPM		42,880		42,970		–		(90	)
HKD	Sell	11/03/2014	UBS		6,437		6,437		–		–
JPY	Buy	12/03/2014	BCLY		38,202		34,493		–		(3,709	)
JPY	Buy	12/03/2014	BMO		55,195		49,990		–		(5,205	)
JPY	Buy	12/03/2014	CBA		57,326		52,277		–		(5,049	)
JPY	Buy	11/06/2014	DEUT		1,454		1,446		–		(8	)
JPY	Buy	12/03/2014	DEUT		33,317		30,383		–		(2,934	)
JPY	Buy	12/03/2014	MSC		19,157		17,378		–		(1,779	)
JPY	Buy	12/03/2014	SCB		32,533		29,358		–		(3,175	)
JPY	Buy	11/04/2014	SSG		1,756		1,689		–		(67	)
JPY	Buy	11/05/2014	UBS		1,941		1,885		–		(56	)
JPY	Sell	12/03/2014	BCLY		238,997		216,834		22,163		–
JPY	Sell	12/03/2014	BOA		110,179		99,889		10,290		–
JPY	Sell	12/03/2014	CBK		110,136		99,888		10,248		–
JPY	Sell	11/06/2014	DEUT		5,497		5,465		32		–
JPY	Sell	12/03/2014	DEUT		22,325		20,658		1,667		–
JPY	Sell	12/17/2014	JPM		10,477		9,945		532		–
JPY	Sell	11/04/2014	SSG		246		237		9		–
JPY	Sell	11/05/2014	UBS		630		612		18		–
Total								$	48,554	$	(22,255	)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BMO	Bank of Montreal
BOA	Banc of America Securities LLC
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
DEUT	Deutsche Bank Securities, Inc.
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
UBS	UBS AG
Currency Abbreviations:
CAD	Canadian Dollar
CHF	Swiss Franc
EUR	EURO
HKD	Hong Kong Dollar
JPY	Japanese Yen

Index Abbreviations:
S&P	Standard & Poors
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
PIPE	Private Investment in Public Equity
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

11

The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Automobiles and Components	$	166,850	$	160,138	$	6,712	$	–
Banks		429,325		163,454		265,871		–
Capital Goods		907,348		680,720		226,628		–
Commercial and Professional Services		96,816		96,816		–		–
Consumer Durables and Apparel		205,209		175,706		29,503		–
Consumer Services		232,888		227,175		5,713		–
Diversified Financials		597,217		554,181		37,199		5,837
Energy		798,018		757,756		40,262		–
Food and Staples Retailing		170,365		155,765		14,600		–
Food, Beverage and Tobacco		412,831		319,349		93,482		–
Health Care Equipment and Services		324,390		324,390		–		–
Household and Personal Products		79,901		21,946		57,955		–
Insurance		532,040		502,666		29,374		–
Materials		434,535		312,012		122,523		–
Media		92,041		92,041		–		–
Pharmaceuticals, Biotechnology and Life Sciences		1,539,274		1,290,269		249,005		–
Real Estate		118,092		102,854		15,238		–
Retailing		908,604		850,432		7,373		50,799
Semiconductors and Semiconductor Equipment		977,901		884,650		93,251		–
Software and Services		1,199,250		1,187,873		11,377		–
Technology Hardware and Equipment		874,384		821,310		53,074		–
Telecommunication Services		87,148		43,359		43,789		–
Transportation		171,477		127,272		44,205		–
Utilities		107,450		68,560		38,890		–
Total		11,463,354		9,920,694		1,486,024		56,636
Exchange Traded Funds		1,807		1,807		–		–
Preferred Stocks		57,996		–		–		57,996
Short-Term Investments		446,457		–		446,457		–
Total	$	11,969,614	$	9,922,501	$	1,932,481	$	114,632
Foreign Currency Contracts*	$	48,554	$	–	$	48,554	$	–
Total	$	48,554	$	–	$	48,554	$	–
Liabilities:
Foreign Currency Contracts*	$	22,255	$	–	$	22,255	$	–
Total	$	22,255	$	–	$	22,255	$	–

♦ For the year ended October 31, 2014, investments valued at $60,696 were transferred from Level 1 to Level 2, and there were no transfers from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1)	Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).
2)	U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).
3)	Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

12

The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Common Stocks	$	160,513	$	(1,224	)	$	(9,411	)†	$	—	$	67,374	$	(9,675	)	$	—	$	(150,941	)	$	56,636
Preferred Stocks		—		—			(5,092	)‡		—		63,088		—			—		—			57,996
Warrants		6		—			—			—		—		—			—		(6	)		—
Total	$	160,519	$	(1,224	)	$	(14,503	)	$	—	$	130,462	$	(9,675	)	$	—	$	(150,947	)	$	114,632

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1)	Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).
2)	Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).
3)	Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

†	Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(10,295).
‡	Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(5,092).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

13

The Hartford Capital Appreciation Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $11,105,311)	$	11,969,614
Cash		1
Foreign currency on deposit with custodian (cost $—)		—
Unrealized appreciation on foreign currency contracts		48,554
Receivables:
Investment securities sold		73,675
Fund shares sold		5,716
Dividends and interest		14,164
Other assets		176
Total assets		12,111,900
Liabilities:
Unrealized depreciation on foreign currency contracts		22,255
Payables:
Investment securities purchased		154,425
Fund shares redeemed		13,085
Investment management fees		1,466
Administrative fees		12
Distribution fees		716
Accrued expenses		1,707
Total liabilities		193,666
Net assets	$	11,918,234
Summary of Net Assets:
Capital stock and paid-in-capital	$	8,019,232
Undistributed net investment income		32,697
Accumulated net realized gain		2,975,846
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		890,459
Net assets	$	11,918,234
Shares authorized		1,615,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$49.44/$52.32
Shares outstanding		117,110
Net assets	$	5,789,682
Class B: Net asset value per share	$	42.72
Shares outstanding		6,326
Net assets	$	270,227
Class C: Net asset value per share	$	43.13
Shares outstanding		46,191
Net assets	$	1,992,142
Class I: Net asset value per share	$	49.60
Shares outstanding		44,247
Net assets	$	2,194,464
Class R3: Net asset value per share	$	52.24
Shares outstanding		2,615
Net assets	$	136,576
Class R4: Net asset value per share	$	53.19
Shares outstanding		3,597
Net assets	$	191,319
Class R5: Net asset value per share	$	53.92
Shares outstanding		1,100
Net assets	$	59,285
Class Y: Net asset value per share	$	54.12
Shares outstanding		23,736
Net assets	$	1,284,539

The accompanying notes are an integral part of these financial statements.

14

The Hartford Capital Appreciation Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	196,371
Interest		203
Less: Foreign tax withheld		(8,814	)
Total investment income		187,760
Expenses:
Investment management fees		79,163
Administrative services fees
Class R3		273
Class R4		282
Class R5		70
Transfer agent fees
Class A		8,900
Class B		820
Class C		2,384
Class I		1,418
Class R3		13
Class R4		4
Class R5		1
Class Y		22
Distribution fees
Class A		14,832
Class B		3,294
Class C		19,956
Class R3		682
Class R4		469
Custodian fees		252
Accounting services fees		1,806
Registration and filing fees		313
Board of Directors' fees		323
Audit fees		98
Other expenses		1,856
Total expenses (before waivers and fees paid indirectly)		137,231
Expense waivers		(6	)
Commission recapture		(334	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(340	)
Total expenses, net		136,891
Net Investment Income		50,869
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		2,898,819
Net realized loss on purchased option contracts		(25	)
Net realized gain on foreign currency contracts		80,763
Net realized gain on other foreign currency transactions		796
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		2,980,353
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(1,567,990	)
Net unrealized depreciation of foreign currency contracts		(46,105	)
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(308	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(1,614,403	)
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		1,365,950
Net Increase in Net Assets Resulting from Operations	$	1,416,819

The accompanying notes are an integral part of these financial statements.

15

The Hartford Capital Appreciation Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	50,869		$	53,532
Net realized gain on investments, other financial instruments and foreign currency transactions		2,980,353			1,882,921
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(1,614,403	)		2,167,935
Net Increase in Net Assets Resulting from Operations		1,416,819			4,104,388
Distributions to Shareholders:
From net investment income
Class A		(16,001	)		(33,216	)
Class C		—			(758	)
Class I		(10,300	)		(31,552	)
Class R3		—			(420	)
Class R4		(465	)		(999	)
Class R5		(214	)		(1,806	)
Class Y		(8,226	)		(13,888	)
Total from net investment income		(35,206	)		(82,639	)
From net realized gain on investments
Class A		(234,951	)		—
Class B		(17,287	)		—
Class C		(89,367	)		—
Class I		(80,991	)		—
Class R3		(5,105	)		—
Class R4		(6,898	)		—
Class R5		(5,136	)		—
Class Y		(49,496	)		—
Total from net realized gain on investments		(489,231	)		—
Total distributions		(524,437	)		(82,639	)
Capital Share Transactions:
Class A		(454,816	)		(850,316	)
Class B		(131,106	)		(141,765	)
Class C		(78,747	)		(299,644	)
Class I		21,041			(1,907,024	)
Class R3		(7,992	)		(30,581	)
Class R4		(7,885	)		(41,402	)
Class R5		(87,055	)		(96,287	)
Class Y		(174,747	)		(407,354	)
Net decrease from capital share transactions		(921,307	)		(3,774,373	)
Net Increase (Decrease) in Net Assets		(28,925	)		247,376
Net Assets:
Beginning of period		11,947,159			11,699,783
End of period	$	11,918,234		$	11,947,159
Undistributed (distributions in excess of) net investment income	$	32,697		$	23,267

The accompanying notes are an integral part of these financial statements.

16

The Hartford Capital Appreciation Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Capital Appreciation Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge. All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

17

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

18

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

19

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of

20

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized

21

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

As of October 31, 2014 the Fund had no outstanding purchased option or written option contracts. There were no transactions involving written option contracts during the year ended October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	48,554	$	—	$	—	$	—	$	—	$	48,554
Total	$	—	$	48,554	$	—	$	—	$	—	$	—	$	48,554
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	22,255	$	—	$	—	$	—	$	—	$	22,255
Total	$	—	$	22,255	$	—	$	—	$	—	$	—	$	22,255

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts			Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on purchased option contracts	$	—	$	—		$	—	$	(25	)	$	—	$	—	$	(25	)
Net realized gain on foreign currency contracts		—		80,763			—		—			—		—		80,763
Total	$	—	$	80,763		$	—	$	(25	)	$	—	$	—	$	80,738
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of foreign currency contracts	$	—	$	(46,105	)	$	—	$	—		$	—	$	—	$	(46,105	)
Total	$	—	$	(46,105	)	$	—	$	—		$	—	$	—	$	(46,105	)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the Futures Commission Merchant's ("FCM") custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

22

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:
	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Unrealized appreciation on foreign currency contracts	$	48,495	$	(5,639	)	$	—	$	—	$	42,856
Total subject to a master netting or similar arrangement	$	48,495	$	(5,639	)	$	—	$	—	$	42,856

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:
	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged		Net Amount (not less than $0)
Description
Unrealized depreciation on foreign currency contracts	$	22,114	$	(5,639	)	$	—	$	—	$	16,475
Total subject to a master netting or similar arrangement	$	22,114	$	(5,639	)	$	—	$	—	$	16,475

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments,

23

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	35,206	$	82,639
Long-Term Capital Gains ‡		489,231		—

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	815,315
Undistributed Long-Term Capital Gain		2,237,415
Unrealized Appreciation*		846,272
Total Accumulated Earnings	$	3,899,002

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses.

24

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(6,233	)
Accumulated Net Realized Gain (Loss)		6,233

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million		0.8000%
On next $500 million		0.7000%
On next $4 billion		0.6500%
On next $5 billion		0.6475%
Over $10 billion		0.6450%

25

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion		0.018%
On next $5 billion		0.014%
Over $10 billion		0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.29%	NA	NA	1.04%	1.40%	1.10%	0.80%	NA

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.09	%
Class B		1.94
Class C		1.81
Class I		0.76
Class R3		1.40
Class R4		1.09
Class R5		0.79
Class Y		0.69

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $7,441 and contingent deferred sales charges of $150 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used

26

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $21. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		5	%

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	13,163,823	$	—	$	13,163,823
Sales Proceeds		14,410,185		—		14,410,185

27

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		9,102		5,419		(23,671	)		(9,150	)		9,099		931		(32,605	)		(22,575	)
Amount	$	429,894	$	244,200	$	(1,128,910	)	$	(454,816	)	$	356,694	$	32,223	$	(1,239,233	)	$	(850,316	)
Class B
Shares		68		412		(3,645	)		(3,165	)		65		—		(4,257	)		(4,192	)
Amount	$	2,715	$	16,080	$	(149,901	)	$	(131,106	)	$	2,242	$	—	$	(144,007	)	$	(141,765	)
Class C
Shares		2,904		1,984		(6,659	)		(1,771	)		2,492		21		(11,580	)		(9,067	)
Amount	$	119,458	$	78,118	$	(276,323	)	$	(78,747	)	$	87,798	$	656	$	(388,098	)	$	(299,644	)
Class I
Shares		10,755		943		(11,343	)		355			14,659		656		(63,844	)		(48,529	)
Amount	$	517,316	$	42,645	$	(538,920	)	$	21,041		$	562,871	$	22,696	$	(2,492,591	)	$	(1,907,024	)
Class R3
Shares		330		106		(590	)		(154	)		470		11		(1,264	)		(783	)
Amount	$	16,497	$	5,009	$	(29,498	)	$	(7,992	)	$	19,399	$	412	$	(50,392	)	$	(30,581	)
Class R4
Shares		845		144		(1,142	)		(153	)		1,069		26		(2,167	)		(1,072	)
Amount	$	43,086	$	6,981	$	(57,952	)	$	(7,885	)	$	44,695	$	957	$	(87,054	)	$	(41,402	)
Class R5
Shares		127		107		(2,001	)		(1,767	)		652		48		(3,078	)		(2,378	)
Amount	$	6,506	$	5,261	$	(98,822	)	$	(87,055	)	$	27,000	$	1,803	$	(125,090	)	$	(96,287	)
Class Y
Shares		4,352		1,160		(8,712	)		(3,200	)		2,289		365		(12,394	)		(9,740	)
Amount	$	222,764	$	57,313	$	(454,824	)	$	(174,747	)	$	95,232	$	13,688	$	(516,274	)	$	(407,354	)
Total
Shares		28,483		10,275		(57,763	)		(19,005	)		30,795		2,058		(131,189	)		(98,336	)
Amount	$	1,358,236	$	455,607	$	(2,735,150	)	$	(921,307	)	$	1,195,931	$	72,435	$	(5,042,739	)	$	(3,774,373	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		477	$	22,596
For the Year Ended October 31, 2013		489	$	18,983

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

28

The Hartford Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

29

The Hartford Capital Appreciation Fund

Financial Highlights

	- Selected Per-Share Data - (A)																									- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	45.91	$	0.22		$	5.31		$	5.53		$	(0.12	)	$	(1.88	)	$	(2.00	)	$	49.44		12.49	%	$	5,789,682		1.10	%		1.10	%		0.46	%
B		40.14		(0.16	)		4.62			4.46			–			(1.88	)		(1.88	)		42.72		11.55			270,227		1.95			1.95			(0.39	)
C		40.46		(0.11	)		4.66			4.55			–			(1.88	)		(1.88	)		43.13		11.69			1,992,142		1.81			1.81			(0.26	)
I		46.01		0.37			5.34			5.71			(0.24	)		(1.88	)		(2.12	)		49.60		12.87			2,194,464		0.76			0.76			0.79
R3		48.42		0.08			5.62			5.70			–			(1.88	)		(1.88	)		52.24		12.16			136,576		1.40			1.40			0.16
R4		49.24		0.23			5.72			5.95			(0.12	)		(1.88	)		(2.00	)		53.19		12.50			191,319		1.10			1.10			0.46
R5		49.80		0.37			5.81			6.18			(0.18	)		(1.88	)		(2.06	)		53.92		12.82			59,285		0.80			0.80			0.72
Y		50.05		0.46			5.79			6.25			(0.30	)		(1.88	)		(2.18	)		54.12		12.94			1,284,539		0.70			0.70			0.88
For the Year Ended October 31, 2013
A	$	32.65	$	0.18		$	13.31		$	13.49		$	(0.23	)	$	–		$	(0.23	)	$	45.91		41.56	%	$	5,796,609		1.14	%		1.14	%		0.46	%
B		28.60		(0.13	)		11.67			11.54			–			–			–			40.14		40.35			381,022		1.99			1.99			(0.37	)
C		28.80		(0.09	)		11.76			11.67			(0.01	)		–			(0.01	)		40.46		40.55			1,940,617		1.85			1.85			(0.25	)
I		32.72		0.31			13.33			13.64			(0.35	)		–			(0.35	)		46.01		42.02			2,019,281		0.84			0.84			0.82
R3		34.41		0.08			14.06			14.14			(0.13	)		–			(0.13	)		48.42		41.20			134,084		1.41			1.40			0.21
R4		34.98		0.21			14.28			14.49			(0.23	)		–			(0.23	)		49.24		41.63			184,618		1.10			1.10			0.51
R5		35.40		0.35			14.41			14.76			(0.36	)		–			(0.36	)		49.80		42.04			142,768		0.80			0.80			0.84
Y		35.58		0.39			14.48			14.87			(0.40	)		–			(0.40	)		50.05		42.17			1,348,160		0.70			0.70			0.91
For the Year Ended October 31, 2012 (D)
A	$	30.55	$	0.25		$	2.38		$	2.63		$	(0.53	)	$	–		$	(0.53	)	$	32.65		8.84	%	$	4,859,760		1.16	%		1.16	%		0.63	%
B		26.76		(0.31	)		2.40			2.09			(0.25	)		–			(0.25	)		28.60		7.93			391,388		2.01			2.00			(0.23	)
C		26.94		(0.16	)		2.31			2.15			(0.29	)		–			(0.29	)		28.80		8.11			1,642,578		1.87			1.87			(0.09	)
I		30.61		0.36			2.37			2.73			(0.62	)		–			(0.62	)		32.72		9.19			3,024,465		0.86			0.86			0.93
R3		32.17		0.10			2.61			2.71			(0.47	)		–			(0.47	)		34.41		8.59			122,235		1.41			1.40			0.39
R4		32.68		0.28			2.57			2.85			(0.55	)		–			(0.55	)		34.98		8.92			168,689		1.11			1.10			0.68
R5		33.09		0.40			2.58			2.98			(0.67	)		–			(0.67	)		35.40		9.25			185,705		0.80			0.80			1.00
Y		33.26		0.55			2.47			3.02			(0.70	)		–			(0.70	)		35.58		9.36			1,304,963		0.70			0.70			1.09
For the Year Ended October 31, 2011
A	$	32.40	$	0.19		$	(2.04	)	$	(1.85	)	$	–		$	–		$	–		$	30.55		(5.71	)%	$	5,859,434		1.12	%		1.12	%		0.55	%
B		28.62		(0.08	)		(1.78	)		(1.86	)		–			–			–			26.76		(6.50	)		559,856		1.95			1.95			(0.28	)
C		28.79		(0.05	)		(1.80	)		(1.85	)		–			–			–			26.94		(6.43	)		2,096,461		1.84			1.84			(0.16	)
I		32.39		0.27			(2.05	)		(1.78	)		–			–			–			30.61		(5.50	)		3,254,198		0.87			0.87			0.81
R3		34.22		0.10			(2.15	)		(2.05	)		–			–			–			32.17		(5.99	)		137,767		1.41			1.40			0.30
R4		34.66		0.21			(2.19	)		(1.98	)		–			–			–			32.68		(5.71	)		224,653		1.10			1.10			0.59
R5		34.99		0.32			(2.22	)		(1.90	)		–			–			–			33.09		(5.43	)		204,417		0.80			0.80			0.89
Y		35.13		0.36			(2.23	)		(1.87	)		–			–			–			33.26		(5.32	)		1,460,367		0.70			0.70			0.98

See Portfolio Turnover information on the next page.

30

The Hartford Capital Appreciation Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	28.02	$	0.14		$	4.24	$	4.38	$	–	$	–	$	–	$	32.40		15.63	%	$	8,535,338		1.15	%		1.15	%		0.45	%
B		24.95		(0.10	)		3.77		3.67		–		–		–		28.62		14.71			828,754		1.95			1.95			(0.36	)
C		25.07		(0.07	)		3.79		3.72		–		–		–		28.79		14.84			3,001,079		1.85			1.85			(0.25	)
I		27.94		0.21			4.24		4.45		–		–		–		32.39		15.93			4,781,187		0.88			0.88			0.70
R3		29.67		0.05			4.50		4.55		–		–		–		34.22		15.34			126,972		1.42			1.41			0.17
R4		29.96		0.16			4.54		4.70		–		–		–		34.66		15.69			270,804		1.10			1.10			0.49
R5		30.15		0.26			4.58		4.84		–		–		–		34.99		16.05			215,999		0.80			0.80			0.79
Y		30.24		0.29			4.60		4.89		–		–		–		35.13		16.17			2,196,541		0.70			0.70			0.89

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		111	%
For the Year Ended October 31, 2013		91
For the Year Ended October 31, 2012		74
For the Year Ended October 31, 2011		75
For the Year Ended October 31, 2010		70

31

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Capital Appreciation Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Capital Appreciation Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

32

The Hartford Capital Appreciation Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

33

The Hartford Capital Appreciation Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

34

The Hartford Capital Appreciation Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

35

The Hartford Capital Appreciation Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

36

The Hartford Capital Appreciation Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,060.90	$	5.67	$	1,000.00	$	1,019.70	$	5.56		1.09	%		184		365
Class B	$	1,000.00	$	1,056.40	$	10.00	$	1,000.00	$	1,015.48	$	9.80		1.93			184		365
Class C	$	1,000.00	$	1,056.90	$	9.39	$	1,000.00	$	1,016.08	$	9.20		1.81			184		365
Class I	$	1,000.00	$	1,062.70	$	3.94	$	1,000.00	$	1,021.38	$	3.86		0.76			184		365
Class R3	$	1,000.00	$	1,059.20	$	7.27	$	1,000.00	$	1,018.15	$	7.12		1.40			184		365
Class R4	$	1,000.00	$	1,061.00	$	5.70	$	1,000.00	$	1,019.67	$	5.59		1.10			184		365
Class R5	$	1,000.00	$	1,062.40	$	4.14	$	1,000.00	$	1,021.19	$	4.06		0.80			184		365
Class Y	$	1,000.00	$	1,062.80	$	3.62	$	1,000.00	$	1,021.69	$	3.55		0.70			184		365

37

The Hartford Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Capital Appreciation Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly

38

The Hartford Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period and the 3^rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period, below its benchmark for the 3-year period and in line with its benchmark for the 5-year period. The Board considered that, in response to questions raised concerning the Fund’s performance, HFMC stated that it has confidence in the Fund’s portfolio management team and investment strategy.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the

39

The Hartford Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile of its expense group. The Board noted that the Fund has an automatically renewable contractual expense cap on certain share classes. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

40

The Hartford Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

41

The Hartford Capital Appreciation Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss. The investment styles employed by the portfolio managers may not be complimentary, which could adversely affect the performance of the Fund.

Mid-Cap Stock Risk: Mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets. 

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

42

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-CA14 12/14 113964-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD
CHECKS AND BALANCES FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Checks and Balances Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	4
Statement of Assets and Liabilities at October 31, 2014	7
Statement of Operations for the Year Ended October 31, 2014	8
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	9
Notes to Financial Statements	10
Financial Highlights	18
Report of Independent Registered Public Accounting Firm	20
Directors and Officers (Unaudited)	21
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	23
Quarterly Portfolio Holdings Information (Unaudited)	23
Federal Tax Information (Unaudited)	24
Expense Example (Unaudited)	25
Approval of Investment Management Agreement (Unaudited)	26
Main Risks (Unaudited)	29

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s investment manager through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Checks and Balances Fund inception 05/31/2007

(advised by Hartford Funds Management Company, LLC)

Investment objective – The Fund seeks long-term capital appreciation and income.

Performance Overview 5/31/07 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			Since      Inception▲
Checks and Balances A#		11.07	%		11.16	%		5.59	%
Checks and Balances A##		4.96	%		9.91	%		4.79	%
Checks and Balances B#		10.09	%		10.25	%		4.76	%
Checks and Balances B##		5.09	%		9.98	%		4.76	%
Checks and Balances C#		10.17	%		10.33	%		4.82	%
Checks and Balances C##		9.17	%		10.33	%		4.82	%
Checks and Balances I#		11.35	%		11.45	%		5.86	%
Checks and Balances R3#		10.70	%		10.76	%		5.29	%
Checks and Balances R4#		11.06	%		11.12	%		5.56	%
Checks and Balances R5#		11.34	%		11.46	%		5.83	%
Barclays U.S. Aggregate Bond Index		4.14	%		4.22	%		5.16	%
Checks and Balances Fund Blended Index		12.44	%		12.75	%		6.16	%
Russell 3000 Index		16.07	%		17.01	%		6.22	%
S&P 500 Index		17.27	%		16.69	%		6.06	%

▲ Inception: 05/31/2007

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.  

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 2/29/08. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 8/29/08. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses.

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index. 

Checks and Balances Fund Blended Index is calculated by Hartford Funds Management Company, LLC and represents the weighted return of 33.3% Barclays U.S. Aggregate Bond Index, 33.4% Russell 3000 Index and 33.3% S&P 500 Index.

Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Checks and Balances Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Checks and Balances Class A		1.04	%		1.04	%
Checks and Balances Class B		1.84	%		1.84	%
Checks and Balances Class C		1.79	%		1.79	%
Checks and Balances Class I		0.78	%		0.78	%
Checks and Balances Class R3		1.38	%		1.38	%
Checks and Balances Class R4		1.09	%		1.09	%
Checks and Balances Class R5		0.78	%		0.78	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Expenses shown include expenses of the Underlying Funds. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Manager

Vernon J. Meyer, CFA

Managing Director and Chief Investment Officer of Hartford Funds Management Company, LLC (“HFMC”) and Chairman of HFMC Investment Oversight Committee

How did the Fund perform?

The Class A shares of The Hartford Checks and Balances Fund returned 11.07%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s blended benchmark (33.3% Barclays U.S. Aggregate Bond Index, 33.4% Russell 3000 Index, 33.3% S&P 500 Index) which returned 12.44% for the same period. In comparison, the Barclays U.S. Aggregate Bond Index, the Russell 3000 Index and the S&P 500 Index returned 4.14%, 16.07%, and 17.27%, respectively, for the same period. The Fund outperformed the 8.98% average return of the Lipper Mixed-Asset Target Allocation Growth Funds average.

Why did the Fund perform this way?

The Fund makes equal allocations of its assets to Class Y shares of certain Hartford Mutual Funds (“Underlying Funds”): The Hartford Capital Appreciation Fund, The Hartford Dividend and Growth Fund, and The Hartford Total Return Bond Fund. The Underlying Funds may invest in a wide variety of instruments which primarily include U.S. and foreign equity securities and fixed income and money market securities. The Fund is not actively managed, and the Fund’s assets will be rebalanced back to one-third in each Underlying Fund as soon as reasonably practicable whenever the Fund’s investment in any single Underlying Fund deviates from the target allocation by more than 5%.

The Fund’s relative performance benefited most from the performance of The Hartford Total Return Bond Fund. The return of The Hartford Capital Appreciation Fund detracted most from relative performance.

What is the outlook?

The Fund will continue to make equal allocations of its assets to the three Underlying Funds. Please refer to www.hartfordfunds.com for the shareholder report of each Underlying Fund.

Composition by Investments
as of October 31, 2014
Fund Name	Percentage of Net Assets
The Hartford Capital Appreciation Fund		33.7	%
The Hartford Dividend and Growth Fund		33.5
The Hartford Total Return Bond Fund		32.7
Other Assets and Liabilities		0.1
Total		100.0	%

3

The Hartford Checks and Balances Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Affiliated Investment Companies - 99.9%
Domestic Equity Funds - 67.2%
	11,800	The Hartford Capital Appreciation Fund			$	638,624
	23,122	The Hartford Dividend and Growth Fund				635,862
						1,274,486
		Total Domestic Equity Funds
		(Cost $861,959)			$	1,274,486
Taxable Fixed Income Funds - 32.7%
	57,186	The Hartford Total Return Bond Fund			$	621,614
		Total Taxable Fixed Income Funds
		(Cost $617,740)			$	621,614
		Total Investments in Affiliated Investment Companies
		(Cost $1,479,699)			$	1,896,100
		Total Long-Term Investments
		(Cost $1,479,699)			$	1,896,100
		Total Investments
		(Cost $1,479,699) ▲	99.9	%	$	1,896,100
		Other Assets and Liabilities	0.1	%		1,132
		Total Net Assets	100.0	%	$	1,897,232

The accompanying notes are an integral part of these financial statements.

4

The Hartford Checks and Balances Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $1,545,032 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	351,068
Unrealized Depreciation		—
Net Unrealized Appreciation	$	351,068

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

5

The Hartford Checks and Balances Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Affiliated Investment Companies	$	1,896,100	$	1,896,100	$	–	$	–
Total	$	1,896,100	$	1,896,100	$	–	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

6

The Hartford Checks and Balances Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in affiliated investment companies, at market value (cost $1,479,699)	$	1,896,100
Receivables:
Investment securities sold		969
Fund shares sold		2,608
Dividends		1,176
Other assets		65
Total assets		1,900,918
Liabilities:
Payables:
Investment securities purchased		1,328
Fund shares redeemed		1,939
Administrative fees		1
Distribution fees		151
Accrued expenses		267
Total liabilities		3,686
Net assets	$	1,897,232
Summary of Net Assets:
Capital stock and paid-in-capital	$	1,401,766
Undistributed net investment income		288
Accumulated net realized gain		78,777
Unrealized appreciation of investments		416,401
Net assets	$	1,897,232
Shares authorized		1,000,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$11.89/$12.58
Shares outstanding		118,150
Net assets	$	1,404,632
Class B: Net asset value per share	$	11.83
Shares outstanding		9,195
Net assets	$	108,791
Class C: Net asset value per share	$	11.83
Shares outstanding		28,299
Net assets	$	334,810
Class I: Net asset value per share	$	11.90
Shares outstanding		2,880
Net assets	$	34,269
Class R3: Net asset value per share	$	11.86
Shares outstanding		897
Net assets	$	10,635
Class R4: Net asset value per share	$	11.87
Shares outstanding		331
Net assets	$	3,932
Class R5: Net asset value per share	$	11.90
Shares outstanding		14
Net assets	$	163

The accompanying notes are an integral part of these financial statements.

7

The Hartford Checks and Balances Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends from affiliated investment companies	$	30,542
Total investment income		30,542
Expenses:
Administrative services fees
Class R3		21
Class R4		3
Class R5		—
Transfer agent fees
Class A		1,437
Class B		178
Class C		329
Class I		30
Class R3		1
Class R4		—
Class R5		—
Distribution fees
Class A		3,451
Class B		1,143
Class C		3,219
Class R3		54
Class R4		5
Custodian fees		—
Accounting services fees		223
Registration and filing fees		147
Board of Directors' fees		50
Audit fees		22
Other expenses		276
Total expenses		10,589
Net Investment Income		19,953
Net Realized Gain on Investments:
Capital gain distributions received from affiliated investment companies		60,842
Net realized gain on investments in affiliated investment companies		91,101
Net Realized Gain on Investments		151,943
Net Changes in Unrealized Appreciation of Investments:
Net unrealized appreciation of investments in affiliated investment companies		19,284
Net Changes in Unrealized Appreciation of Investments		19,284
Net Gain on Investments		171,227
Net Increase in Net Assets Resulting from Operations	$	191,180

The accompanying notes are an integral part of these financial statements.

8

The Hartford Checks and Balances Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	19,953		$	23,596
Net realized gain on investments		151,943			143,280
Net unrealized appreciation of investments		19,284			163,897
Net Increase in Net Assets Resulting from Operations		191,180			330,773
Distributions to Shareholders:
From net investment income
Class A		(24,672	)		(21,517	)
Class B		(444	)		(1,711	)
Class C		(1,765	)		(4,229	)
Class I		(689	)		(379	)
Class R3		(126	)		(181	)
Class R4		(34	)		(22	)
Class R5		(3	)		(2	)
Total from net investment income		(27,733	)		(28,041	)
From net realized gain on investments
Class A		(98,305	)		(4,264	)
Class B		(8,577	)		(386	)
Class C		(22,727	)		(954	)
Class I		(2,162	)		(71	)
Class R3		(784	)		(37	)
Class R4		(113	)		(5	)
Class R5		(10	)		—
Total from net realized gain on investments		(132,678	)		(5,717	)
Total distributions		(160,411	)		(33,758	)
Capital Share Transactions:
Class A		29,180			(146,673	)
Class B		(10,857	)		(16,189	)
Class C		19,957			(24,086	)
Class I		4,499			3,801
Class R3		(438	)		(1,741	)
Class R4		2,345			(77	)
Class R5		17			3
Net increase (decrease) from capital share transactions		44,703			(184,962	)
Net Increase in Net Assets		75,472			112,053
Net Assets:
Beginning of period		1,821,760			1,709,707
End of period	$	1,897,232		$	1,821,760
Undistributed (distributions in excess of) net investment income	$	288		$	5,336

The accompanying notes are an integral part of these financial statements.

9

The Hartford Checks and Balances Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Checks and Balances Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

The Fund, as a “Fund of Funds,” seeks its investment goal through investment in Class Y shares of a combination of Hartford Funds (“Underlying Funds”): The Hartford Capital Appreciation Fund, The Hartford Dividend and Growth Fund and The Hartford Total Return Bond Fund. The Fund is managed by Hartford Funds Management Company, LLC (“HFMC”). HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”).

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The significant accounting policies of the Underlying Funds are outlined in the shareholder reports for such funds, available (1) without charge, upon request, by calling 888-843-7824, (2) on our website www.hartfordfunds.com and (3) on the SEC’s website at www.sec.gov. The reports may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The significant accounting policies of the Underlying Funds are not covered by this report.

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

10

The Hartford Checks and Balances Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation and Fair Value Measurements – Investments in open-end mutual funds are valued at the respective NAV of each Underlying Fund as determined as of the NYSE Close on the Valuation Date. The Fund generally uses market prices in valuing the remaining portfolio investments. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company’s Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes.  Realized gains and losses are determined on the basis of identified cost.

Dividend income is accrued on the ex-dividend date. Income and capital gain distributions from the Underlying Funds are accrued on the ex-dividend date.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

11

The Hartford Checks and Balances Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year. Long-term capital gain distributions are distributed by the Underlying Funds at least annually, when required. Unless shareholders specify otherwise, all dividends and distributions will be automatically reinvested in additional full or fractional shares of the Fund.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Principal Risks:

The Fund is exposed to the risks of the Underlying Funds in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. The market values of the Underlying Funds may decline due to general market conditions which are not specifically related to a particular company in which the Underlying Fund invested, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities in which the Underlying Funds invest may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments and short-term capital gain adjustments. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	27,733	$	28,041
Long-Term Capital Gains ‡		132,678		5,717

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

12

The Hartford Checks and Balances Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	288
Undistributed Long-Term Capital Gain		144,110
Unrealized Appreciation*		351,068
Total Accumulated Earnings	$	495,466

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	2,732
Accumulated Net Realized Gain (Loss)		(2,732	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  HFMC serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. The Fund is managed by HFMC in accordance with the Fund’s investment objective and policies. The Fund does not currently pay any fees to HFMC for managing the Fund.

13

The Hartford Checks and Balances Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.012%
Over $5 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5
1.25%	2.00%	2.00%	1.00%	1.40%	1.10%	0.80%

Contractual limitations for total operating expenses include expenses incurred as the result of investing in other investment companies including the Underlying Funds. Amounts incurred which exceed the above limits are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $4,503 and contingent deferred sales charges of $77 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $3. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is

14

The Hartford Checks and Balances Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

compensated on a per account basis that varies by account type. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R5		98	%		—	%*

* Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	286,006	$	—	$	286,006
Sales Proceeds		321,372		—		321,372

15

The Hartford Checks and Balances Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		12,125		11,017		(20,222	)		2,920			10,858		2,567		(26,934	)		(13,509	)
Amount	$	140,091	$	122,198	$	(233,109	)	$	29,180		$	116,579	$	25,519	$	(288,771	)	$	(146,673	)
Class B
Shares		59		812		(1,779	)		(908	)		145		206		(1,852	)		(1,501	)
Amount	$	676	$	8,860	$	(20,393	)	$	(10,857	)	$	1,557	$	2,040	$	(19,786	)	$	(16,189	)
Class C
Shares		3,552		2,175		(3,894	)		1,833			2,579		502		(5,354	)		(2,273	)
Amount	$	40,804	$	23,779	$	(44,626	)	$	19,957		$	27,773	$	4,975	$	(56,834	)	$	(24,086	)
Class I
Shares		1,111		205		(923	)		393			986		35		(675	)		346
Amount	$	12,828	$	2,287	$	(10,616	)	$	4,499		$	10,717	$	345	$	(7,261	)	$	3,801
Class R3
Shares		237		83		(353	)		(33	)		279		22		(458	)		(157	)
Amount	$	2,740	$	910	$	(4,088	)	$	(438	)	$	3,018	$	218	$	(4,977	)	$	(1,741	)
Class R4
Shares		260		13		(73	)		200			42		3		(53	)		(8	)
Amount	$	3,043	$	147	$	(845	)	$	2,345		$	450	$	27	$	(554	)	$	(77	)
Class R5
Shares		1		1		—			2			—		—		—			—
Amount	$	4	$	13	$	—		$	17		$	1	$	2	$	—		$	3
Total
Shares		17,345		14,306		(27,244	)		4,407			14,889		3,335		(35,326	)		(17,102	)
Amount	$	200,186	$	158,194	$	(313,677	)	$	44,703		$	160,095	$	33,126	$	(378,183	)	$	(184,962	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		37	$	429
For the Year Ended October 31, 2013		44	$	485

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on

16

The Hartford Checks and Balances Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

17

The Hartford Checks and Balances Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C),(D)			Ratio of Expenses to Average Net Assets After Adjust- ments(C),(D)			Ratio of Net Investment Income (Loss) to Average Net Assets(D)
For the Year Ended October 31, 2014
A	$	11.75	$	0.14	$	1.07	$	1.21	$	(0.21	)	$	(0.86	)	$	(1.07	)	$	11.89		11.07	%	$	1,404,632		0.39	%		0.39	%		1.25	%
B		11.64		0.05		1.05		1.10		(0.05	)		(0.86	)		(0.91	)		11.83		10.09			108,791		1.19			1.19			0.46
C		11.65		0.06		1.04		1.10		(0.06	)		(0.86	)		(0.92	)		11.83		10.17			334,810		1.14			1.14			0.50
I		11.78		0.18		1.06		1.24		(0.26	)		(0.86	)		(1.12	)		11.90		11.35			34,269		0.14			0.14			1.53
R3		11.69		0.10		1.06		1.16		(0.13	)		(0.86	)		(0.99	)		11.86		10.70			10,635		0.75			0.75			0.88
R4		11.73		0.13		1.07		1.20		(0.20	)		(0.86	)		(1.06	)		11.87		11.06			3,932		0.45			0.45			1.14
R5		11.78		0.17		1.07		1.24		(0.26	)		(0.86	)		(1.12	)		11.90		11.34			163		0.15			0.15			1.48
For the Year Ended October 31, 2013
A	$	9.92	$	0.16	$	1.88	$	2.04	$	(0.18	)	$	(0.03	)	$	(0.21	)	$	11.75		20.89	%	$	1,354,101		0.41	%		0.41	%		1.51	%
B		9.88		0.08		1.86		1.94		(0.15	)		(0.03	)		(0.18	)		11.64		20.01			117,550		1.21			1.21			0.72
C		9.89		0.08		1.87		1.95		(0.16	)		(0.03	)		(0.19	)		11.65		20.00			308,250		1.16			1.16			0.76
I		9.93		0.18		1.88		2.06		(0.18	)		(0.03	)		(0.21	)		11.78		21.15			29,305		0.15			0.15			1.70
R3		9.90		0.13		1.86		1.99		(0.17	)		(0.03	)		(0.20	)		11.69		20.43			10,875		0.75			0.75			1.19
R4		9.91		0.16		1.86		2.02		(0.17	)		(0.03	)		(0.20	)		11.73		20.79			1,535		0.46			0.46			1.46
R5		9.93		0.19		1.87		2.06		(0.18	)		(0.03	)		(0.21	)		11.78		21.16			144		0.15			0.15			1.74
For the Year Ended October 31, 2012 (E)
A	$	9.22	$	0.20	$	0.74	$	0.94	$	(0.20	)	$	(0.04	)	$	(0.24	)	$	9.92		10.43	%	$	1,277,312		0.41	%		0.41	%		2.15	%
B		9.19		0.13		0.72		0.85		(0.12	)		(0.04	)		(0.16	)		9.88		9.45			114,693		1.22			1.22			1.35
C		9.19		0.13		0.74		0.87		(0.13	)		(0.04	)		(0.17	)		9.89		9.63			284,190		1.16			1.16			1.41
I		9.23		0.23		0.74		0.97		(0.23	)		(0.04	)		(0.27	)		9.93		10.70			21,254		0.16			0.16			2.38
R3		9.20		0.17		0.74		0.91		(0.17	)		(0.04	)		(0.21	)		9.90		10.08			10,764		0.76			0.76			1.71
R4		9.22		0.20		0.73		0.93		(0.20	)		(0.04	)		(0.24	)		9.91		10.29			1,375		0.47			0.47			1.92
R5		9.23		0.23		0.74		0.97		(0.23	)		(0.04	)		(0.27	)		9.93		10.70			119		0.16			0.16			2.37
For the Year Ended October 31, 2011 (E)
A	$	9.22	$	0.13	$	–	$	0.13	$	(0.13	)	$	–		$	(0.13	)	$	9.22		1.44	%	$	1,337,009		0.41	%		0.41	%		1.36	%
B		9.18		0.05		0.02		0.07		(0.06	)		–			(0.06	)		9.19		0.71			123,183		1.21			1.21			0.55
C		9.19		0.06		–		0.06		(0.06	)		–			(0.06	)		9.19		0.66			310,632		1.16			1.16			0.61
I		9.22		0.15		0.02		0.17		(0.16	)		–			(0.16	)		9.23		1.81			19,854		0.15			0.15			1.61
R3		9.21		0.10		–		0.10		(0.11	)		–			(0.11	)		9.20		1.05			9,211		0.76			0.76			1.00
R4		9.21		0.12		0.02		0.14		(0.13	)		–			(0.13	)		9.22		1.53			822		0.47			0.46			1.29
R5		9.22		0.15		0.02		0.17		(0.16	)		–			(0.16	)		9.23		1.83			107		0.15			0.15			1.62

See Portfolio Turnover information on the next page.

18

The Hartford Checks and Balances Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C),(D)			Ratio of Expenses to Average Net Assets After Adjust- ments(C),(D)			Ratio of Net Investment Income (Loss) to Average Net Assets(D)
For the Year Ended October 31, 2010
A	$	8.29	$	0.13	$	0.93	$	1.06	$	(0.13	)	$	–	$	(0.13	)	$	9.22		12.85	%	$	1,429,438		0.42	%		0.42	%		1.51	%
B		8.26		0.06		0.92		0.98		(0.06	)		–		(0.06	)		9.18		11.87			143,627		1.23			1.23			0.69
C		8.26		0.07		0.92		0.99		(0.06	)		–		(0.06	)		9.19		12.06			355,504		1.16			1.16			0.75
I		8.29		0.15		0.93		1.08		(0.15	)		–		(0.15	)		9.22		13.09			21,297		0.17			0.17			1.75
R3		8.29		0.10		0.92		1.02		(0.10	)		–		(0.10	)		9.21		12.40			2,206		0.81			0.78			1.15
R4		8.29		0.14		0.91		1.05		(0.13	)		–		(0.13	)		9.21		12.76			241		0.50			0.47			1.75
R5		8.29		0.16		0.92		1.08		(0.15	)		–		(0.15	)		9.22		13.13			115		0.16			0.15			1.76

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Ratios do not include expenses of the Underlying Funds.

(E) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		15	%
For the Year Ended October 31, 2013		12
For the Year Ended October 31, 2012		12
For the Year Ended October 31, 2011		19
For the Year Ended October 31, 2010		19

19

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Checks and Balances Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Checks and Balances Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

20

The Hartford Checks and Balances Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

21

The Hartford Checks and Balances Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

22

The Hartford Checks and Balances Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

23

The Hartford Checks and Balances Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

24

The Hartford Checks and Balances Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio(A)			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,046.20	$	2.02	$	1,000.00	$	1,023.24	$	1.99		0.39	%	184	365
Class B	$	1,000.00	$	1,042.20	$	6.13	$	1,000.00	$	1,019.20	$	6.06		1.19		184	365
Class C	$	1,000.00	$	1,042.60	$	5.86	$	1,000.00	$	1,019.46	$	5.80		1.14		184	365
Class I	$	1,000.00	$	1,047.50	$	0.69	$	1,000.00	$	1,024.53	$	0.69		0.13		184	365
Class R3	$	1,000.00	$	1,044.40	$	3.88	$	1,000.00	$	1,021.41	$	3.83		0.75		184	365
Class R4	$	1,000.00	$	1,046.40	$	2.32	$	1,000.00	$	1,022.94	$	2.29		0.45		184	365
Class R5	$	1,000.00	$	1,047.40	$	0.78	$	1,000.00	$	1,024.44	$	0.77		0.15		184	365

(A) Ratios do not include expenses of the Underlying Funds.

25

The Hartford Checks and Balances Fund

Approval of Investment Management Agreement (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory agreement. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Checks and Balances Fund (the “Fund”) with Hartford Funds Management Company, LLC (the “Adviser”) (the “Agreement”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Adviser to questions posed to it on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreement at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Adviser and its affiliates. The Board also received in-person presentations by Fund officers and representatives of the Adviser at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreement.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreement with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by the Adviser in connection with the continuation of the Agreement.

In determining whether to continue the Agreement for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreement was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreement. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreement is provided below.

Nature, Extent and Quality of Services Provided by the Adviser

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Adviser. The Board considered, among other things, the terms of the Agreement and the range of services provided by the Adviser. The Board considered the Adviser’s professional personnel who provide services to the Fund, including the Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered the Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of the Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning the Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on the Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on the Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Adviser’s support of the Fund’s compliance control structure, particularly the resources devoted by the Adviser in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

The Board noted that under the Agreement, the Adviser is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services. The Board considered the Adviser’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that the Adviser has demonstrated a record of making changes to the management and/or strategies of the Hartford Funds when warranted. The Board considered the Adviser’s approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered the Adviser’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of the Adviser’s services in this regard.

26

The Hartford Checks and Balances Fund

Approval of Investment Management Agreement (Unaudited) – (continued)

In addition, the Board considered the Adviser’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that the Adviser had incurred in connection with fund combinations in recent years. The Board considered that the Adviser or its affiliates are responsible for providing the Fund’s officers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by the Adviser.

Performance of the Fund and the Adviser

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated the Adviser’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Adviser concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 3-year periods and in the 3^rd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its blended custom benchmark for the 1-year period and below its blended custom benchmark for the 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Adviser’s cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in the Adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Adviser

The Board reviewed information regarding the Adviser’s cost to provide investment management and related services to the Fund and the Adviser’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to the Adviser and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund.

The Board considered the Consultant’s review of the profitability calculations used by the Adviser in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Adviser and its affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services Provided by the Adviser

The Board considered comparative information with respect to the total expense ratios of the Fund, noting that there is no management fee for the Fund. In this regard, the Board requested and reviewed information from the Adviser relating to the total operating expenses for the Fund. The Board also reviewed information from Lipper comparing the Fund’s overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class.

27

The Hartford Checks and Balances Fund

Approval of Investment Management Agreement (Unaudited) – (continued)

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Adviser, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s total operating expenses.

Based on these considerations, the Board concluded that the Fund’s total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Adviser’s realization of economies of scale with respect to the Fund and whether the expense levels reflect these economies of scale for the benefit of the Fund’s shareholders.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the expense ratios for the Fund at its current and reasonably anticipated asset levels.

Other Benefits

The Board considered other benefits to the Adviser and its affiliates from their relationships with the Fund.

The Board noted that the Adviser receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to the Adviser for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of the Adviser, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of the Adviser, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered the Adviser’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreement for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

28

The Hartford Checks and Balances Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the investment manager's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio manager's asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

Fund of Funds Risk:The Fund invests in a number of Underlying Funds, and is subject to the risks of the Underlying Funds in direct proportion to the amount of assets it invests in each Underlying Fund. The Underlying Funds may invest in the following: foreign securities including emerging markets, fixed income securities (which carry credit and interest rate risk) including junk bonds, small- and mid-cap stocks, mortgage- and asset-backed securities, and derivatives.

29

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-CB14 12/14 113966-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD CONSERVATIVE  
ALLOCATION FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Conservative Allocation Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	8
Statement of Operations for the Year Ended October 31, 2014	9
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	10
Notes to Financial Statements	11
Financial Highlights	19
Report of Independent Registered Public Accounting Firm	21
Directors and Officers (Unaudited)	22
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	24
Quarterly Portfolio Holdings Information (Unaudited)	24
Federal Tax Information (Unaudited)	25
Expense Example (Unaudited)	26
Shareholder Meeting Results (Unaudited)	27
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	28
Main Risks (Unaudited)	32

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Conservative Allocation Fund inception 05/28/2004

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks current income and long-term capital appreciation.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Conservative Allocation A#		1.50	%		5.55	%		4.35	%
Conservative Allocation A##		-4.08	%		4.36	%		3.76	%
Conservative Allocation B#		0.71	%		4.70	%		3.73	%*
Conservative Allocation B##		-4.17	%		4.36	%		3.73	%*
Conservative Allocation C#		0.71	%		4.77	%		3.60	%
Conservative Allocation C##		-0.26	%		4.77	%		3.60	%
Conservative Allocation I#		1.76	%		5.83	%		4.57	%
Conservative Allocation R3#		1.17	%		5.20	%		4.03	%
Conservative Allocation R4#		1.45	%		5.51	%		4.31	%
Conservative Allocation R5#		1.74	%		5.83	%		4.55	%
Barclays U.S. Aggregate Bond Index		4.14	%		4.22	%		4.64	%
Conservative Allocation Fund Blended Index		5.45	%		6.51	%		5.85	%
MSCI All Country World Index		8.32	%		11.15	%		7.65	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. 

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company, using a modified investment strategy. As of June 4, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund. 

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index. 

Conservative Allocation Fund Blended Index is calculated by Hartford Funds Management Company, LLC and represents the weighted return of 70% Barclays U.S. Aggregate Bond Index and 30% MSCI All Country World Index.

MSCI All Country World Index is a free float-adjusted market capitalization index that measures equity market performance in the global developed and emerging markets, consisting of 45 developed and emerging market country indices.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Conservative Allocation Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Conservative Allocation Class A		1.24	%		1.24	%
Conservative Allocation Class B		2.06	%		2.06	%
Conservative Allocation Class C		1.98	%		1.98	%
Conservative Allocation Class I		0.96	%		0.96	%
Conservative Allocation Class R3		1.59	%		1.59	%
Conservative Allocation Class R4		1.28	%		1.28	%
Conservative Allocation Class R5		0.98	%		0.98	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Expenses shown include expenses of the Underlying Funds. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Richard P. Meagher, CFA	Wendy M. Cromwell, CFA
Vice President, Asset Allocation Strategist and Portfolio Manager	Senior Vice President, Director of Strategic Asset Allocation, Asset Allocation Strategies Group, and Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Conservative Allocation Fund returned 1.50%, before sales charge, for the twelve-month period ended October 31, 2014 underperforming the Fund’s blended benchmark, 70% Barclays U.S. Aggregate Bond Index and 30% MSCI All Country World Index, which returned 5.45% for the same period. In comparison, the MSCI All Country World Index and the Barclays U.S. Aggregate Bond Index returned 8.32% and 4.14%, respectively, for the same period. The Fund also underperformed the 5.31% average return of the Lipper Mixed-Asset Target Allocation Conservative Funds category, a group of funds with equity weights of 20%-40%.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. In the U.S., second quarter Gross Domestic Product rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market marched on in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated Fed interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor GDP readings in Japan and the Eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging

3

The Hartford Conservative Allocation Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

U.S. corporate earnings season. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

There are two main drivers of Fund performance: the asset allocation among various asset classes and the performance of the underlying funds. Value added from Asset Allocation includes the value added by both the Fund’s strategic asset allocation across a diverse set of asset classes and how those allocations are implemented within the asset classes. With regard to the strategic allocation, the stock / bond mix of the Fund was approximately 30% equities and 70% fixed income during the period, in line with its blended benchmark. Performance of the underlying funds measures the results of the underlying funds versus their respective benchmarks. The portfolio managers have control over the selection of the underlying funds.

In aggregate, asset allocation detracted from benchmark-relative performance. Exposure to natural resource related equities and TIPS along with overweight positioning to non-U.S. equities detracted from relative performance. This was partially offset by exposure to global fixed income and high yield credit which contributed on a relative basis.

Beyond asset class decisions, we seek to add value by selecting the underlying Funds available in our investment universe using both quantitative and qualitative criteria. In aggregate, performance from the underlying funds (net of fees) detracted on a benchmark relative basis. Weak benchmark-relative results from the Hartford Real Total Return Fund, The Hartford Alternative Strategies Fund, and The Hartford Global Real Asset Fund more than offset strong benchmark-relative performance in The Hartford World Bond Fund, The Hartford Total Return Bond Fund and The Hartford Small Company Fund. Derivatives are not utilized at the aggregate fund level but are utilized at the underlying fund level.

What is the outlook?

In our view, the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We believe the U.S. economy is on track for a self-sustaining expansion. After three years of fiscal consolidation, it appears that this policy drag is starting to fade, which we believe should support growth. Meanwhile, investment spending appears to be picking up. The euro area and Japan are easing aggressively to help boost inflation and growth. This environment should contribute to a stronger U.S. dollar. Additionally, we retain a constructive view on capital markets and risk assets. The Fund ended the period with an overweight to international equities and an underweight to both large cap U.S. equities and fixed income relative to the Fund’s blended benchmark.

Composition by Investments
as of October 31, 2014
Fund Name	Percentage of Net Assets
Hartford Real Total Return Fund		6.7	%
The Hartford Alternative Strategies Fund		3.4
The Hartford Capital Appreciation Fund		2.7
The Hartford Dividend and Growth Fund		4.4
The Hartford Emerging Markets Research Fund		2.3
The Hartford Global Real Asset Fund		12.2
The Hartford Inflation Plus Fund		22.7
The Hartford International Growth Fund		1.5
The Hartford International Opportunities Fund		3.1
The Hartford International Small Company Fund		1.9
The Hartford International Value Fund		1.5
The Hartford MidCap Value Fund		0.9
The Hartford Small Company Fund		0.9
The Hartford Strategic Income Fund		2.0
The Hartford Total Return Bond Fund		13.9
The Hartford World Bond Fund		19.9
Other Assets and Liabilities		0.0
Total		100.0	%

4

The Hartford Conservative Allocation Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Affiliated Investment Companies - 100.0%
Alternative Strategy Funds - 22.3%
	1,367	Hartford Real Total Return Fund●			$	13,864
	727	The Hartford Alternative Strategies Fund				7,067
	2,580	The Hartford Global Real Asset Fund				25,519
						46,450
		Total Alternative Strategy Funds
		(Cost $48,245)			$	46,450
Domestic Equity Funds - 8.9%
	104	The Hartford Capital Appreciation Fund			$	5,644
	329	The Hartford Dividend and Growth Fund				9,049
	106	The Hartford MidCap Value Fund				1,891
	69	The Hartford Small Company Fund				1,942
						18,526
		Total Domestic Equity Funds
		(Cost $14,545)			$	18,526
International/Global Equity Funds - 10.3%
	520	The Hartford Emerging Markets Research Fund			$	4,724
	247	The Hartford International Growth Fund				3,229
	363	The Hartford International Opportunities Fund				6,417
	228	The Hartford International Small Company Fund				3,895
	218	The Hartford International Value Fund●				3,212
						21,477
		Total International/Global Equity Funds
		(Cost $20,603)			$	21,477
Taxable Fixed Income Funds - 58.5%
	4,308	The Hartford Inflation Plus Fund			$	47,176
	458	The Hartford Strategic Income Fund				4,255
	2,668	The Hartford Total Return Bond Fund				29,005
	3,840	The Hartford World Bond Fund				41,355
						121,791
		Total Taxable Fixed Income Funds
		(Cost $125,752)			$	121,791
		Total Investments in Affiliated Investment Companies
		(Cost $209,145)			$	208,244
		Total Long-Term Investments
		(Cost $209,145)			$	208,244
		Total Investments
		(Cost $209,145) ▲	100.0	%	$	208,244
		Other Assets and Liabilities	—	%		20
		Total Net Assets	100.0	%	$	208,264

The accompanying notes are an integral part of these financial statements.

5

The Hartford Conservative Allocation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $209,802 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	5,987
Unrealized Depreciation		(7,545	)
Net Unrealized Depreciation	$	(1,558	)

● Non-income producing.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

6

The Hartford Conservative Allocation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Affiliated Investment Companies	$	208,244	$	208,244	$	–	$	–
Total	$	208,244	$	208,244	$	–	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

7

The Hartford Conservative Allocation Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in affiliated investment companies, at market value (cost $209,145)	$	208,244
Receivables:
Investment securities sold		81
Fund shares sold		233
Dividends		55
Other assets		36
Total assets		208,649
Liabilities:
Payables:
Investment securities purchased		200
Fund shares redeemed		122
Investment management fees		6
Administrative fees		1
Distribution fees		18
Accrued expenses		38
Total liabilities		385
Net assets	$	208,264
Summary of Net Assets:
Capital stock and paid-in-capital	$	201,365
Undistributed net investment income		—
Accumulated net realized gain		7,800
Unrealized depreciation of investments		(901	)
Net assets	$	208,264
Shares authorized		400,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$10.78/$11.41
Shares outstanding		12,453
Net assets	$	134,286
Class B: Net asset value per share	$	10.72
Shares outstanding		641
Net assets	$	6,872
Class C: Net asset value per share	$	10.71
Shares outstanding		4,365
Net assets	$	46,745
Class I: Net asset value per share	$	10.77
Shares outstanding		170
Net assets	$	1,829
Class R3: Net asset value per share	$	10.81
Shares outstanding		938
Net assets	$	10,141
Class R4: Net asset value per share	$	10.79
Shares outstanding		445
Net assets	$	4,806
Class R5: Net asset value per share	$	10.79
Shares outstanding		332
Net assets	$	3,585

The accompanying notes are an integral part of these financial statements.

8

The Hartford Conservative Allocation Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends from affiliated investment companies	$	2,724
Total investment income		2,724
Expenses:
Investment management fees		331
Administrative services fees
Class R3		22
Class R4		9
Class R5		3
Transfer agent fees
Class A		152
Class B		18
Class C		50
Class I		1
Class R3		—
Class R4		—
Class R5		—
Distribution fees
Class A		350
Class B		91
Class C		494
Class R3		54
Class R4		15
Custodian fees		—
Accounting services fees		26
Registration and filing fees		102
Board of Directors' fees		7
Audit fees		13
Other expenses		38
Total expenses (before waivers)		1,776
Expense waivers		(11	)
Total waivers		(11	)
Total expenses, net		1,765
Net Investment Income		959
Net Realized Gain on Investments:
Capital gain distributions received from affiliated investment companies		3,767
Net realized gain on investments in affiliated investment companies		4,846
Net Realized Gain on Investments		8,613
Net Changes in Unrealized Depreciation of Investments:
Net unrealized depreciation of investments in affiliated investment companies		(6,598	)
Net Changes in Unrealized Depreciation of Investments		(6,598	)
Net Gain on Investments		2,015
Net Increase in Net Assets Resulting from Operations	$	2,974

The accompanying notes are an integral part of these financial statements.

9

The Hartford Conservative Allocation Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	959		$	1,863
Net realized gain on investments		8,613			13,403
Net unrealized depreciation of investments		(6,598	)		(10,393	)
Net Increase in Net Assets Resulting from Operations		2,974			4,873
Distributions to Shareholders:
From net investment income
Class A		(1,116	)		(4,708	)
Class B		—			(396	)
Class C		—			(1,445	)
Class I		(16	)		(51	)
Class R3		(28	)		(273	)
Class R4		(36	)		(369	)
Class R5		(42	)		(109	)
Total from net investment income		(1,238	)		(7,351	)
From net realized gain on investments
Class A		(4,476	)		(3,331	)
Class B		(339	)		(346	)
Class C		(1,635	)		(1,182	)
Class I		(42	)		(30	)
Class R3		(333	)		(187	)
Class R4		(216	)		(283	)
Class R5		(106	)		(85	)
Total from net realized gain on investments		(7,147	)		(5,444	)
Total distributions		(8,385	)		(12,795	)
Capital Share Transactions:
Class A		(9,898	)		(14,537	)
Class B		(4,133	)		(5,764	)
Class C		(5,566	)		(3,615	)
Class I		461			(36	)
Class R3		(134	)		1,153
Class R4		(2,664	)		(6,185	)
Class R5		307			(702	)
Net decrease from capital share transactions		(21,627	)		(29,686	)
Net Decrease in Net Assets		(27,038	)		(37,608	)
Net Assets:
Beginning of period		235,302			272,910
End of period	$	208,264		$	235,302
Undistributed (distributions in excess of) net investment income	$	—		$	—

The accompanying notes are an integral part of these financial statements.

10

The Hartford Conservative Allocation Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Conservative Allocation Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

The Fund, as a “Fund of Funds,” invests the majority of its assets in Class Y shares of other Hartford Funds ("Affiliated Investment Companies") and may also invest in one or more unaffiliated money market funds (together with the Affiliated Investment Companies, the "Underlying Funds"), certain exchange traded funds (“ETFs”) and/or exchange traded notes (“ETNs”). The Fund seeks its investment goal through implementation of a strategic asset allocation recommendation provided by Wellington Management Company, LLP (“Wellington Management”), the sub-adviser to the Fund.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The significant accounting policies of the Affiliated Investment Companies are outlined in the shareholder reports for such funds, available (1) without charge, upon request, by calling 888-843-7824, (2) on our website www.hartfordfunds.com and (3) on the SEC’s website at www.sec.gov. The reports may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The significant accounting policies of the Affiliated Investment Companies are not covered by this report.

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

11

The Hartford Conservative Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation and Fair Value Measurements – Investments in open-end mutual funds are valued at the respective NAV of each Underlying Fund as determined as of the NYSE Close on the Valuation Date. The Fund generally uses market prices in valuing the remaining portfolio investments. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company’s Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes.  Realized gains and losses are determined on the basis of identified cost.

Dividend income is accrued on the ex-dividend date. Income and capital gain distributions from the Underlying Funds are accrued on the ex-dividend date.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

12

The Hartford Conservative Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year. Long-term capital gain distributions are distributed by the Underlying Funds at least annually, when required. Unless shareholders specify otherwise, all dividends and distributions will be automatically reinvested in additional full or fractional shares of the Fund.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Principal Risks:

The Fund is exposed to the risks of the Underlying Funds and/or ETFs/ETNs in direct proportion to the amount of assets the Fund allocates to each Underlying Fund and/or ETF/ETN. The market values of the Underlying Funds and/or ETFs/ETNs may decline due to general market conditions which are not specifically related to a particular company in which the Underlying Fund and/or ETF/ETN invested, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities in which the Underlying Funds and/or ETFs/ETNs invest may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments and short-term capital gain adjustments. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	2,126	$	7,351
Long-Term Capital Gains ‡		6,259		5,444

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

13

The Hartford Conservative Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Long-Term Capital Gain	$	8,694
Accumulated Capital and Other Losses*		(237	)
Unrealized Depreciation†		(1,558	)
Total Accumulated Earnings	$	6,899

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	279
Accumulated Net Realized Gain (Loss)		(279	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

Year of Expiration	Amount
2016	$	237
Total	$	237

As a result of mergers in the Fund, certain provisions in the IRC may limit the future utilization of capital losses.  During the year ended October 31, 2014, the Fund utilized $211 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

14

The Hartford Conservative Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.15%
On next $500 million	0.10%
On next $1.5 billion	0.09%
On next $2.5 billion	0.08%
On next $2.5 billion	0.07%
On next $2.5 billion	0.06%
Over $10 billion	0.05%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.012%
Over $5 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5
1.35%	2.10%	2.10%	1.10%	1.60%	1.30%	1.00%

Contractual limitations for total operating expenses include expenses incurred as the result of investing in other investment companies including the Underlying Funds. Amounts incurred which exceed the above limits are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $309 and contingent deferred sales charges of $8 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for

15

The Hartford Conservative Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	59,567	$	—	$	59,567
Sales Proceeds		84,952		—		84,952

16

The Hartford Conservative Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		1,844		517		(3,262	)		(901	)		2,522		713		(4,576	)		(1,341	)
Amount	$	20,008	$	5,490	$	(35,396	)	$	(9,898	)	$	27,828	$	7,843	$	(50,208	)	$	(14,537	)
Class B
Shares		22		32		(435	)		(381	)		67		65		(658	)		(526	)
Amount	$	235	$	335	$	(4,703	)	$	(4,133	)	$	741	$	713	$	(7,218	)	$	(5,764	)
Class C
Shares		576		148		(1,238	)		(514	)		914		223		(1,476	)		(339	)
Amount	$	6,211	$	1,553	$	(13,330	)	$	(5,566	)	$	10,023	$	2,452	$	(16,090	)	$	(3,615	)
Class I
Shares		149		5		(110	)		44			90		7		(102	)		(5	)
Amount	$	1,591	$	55	$	(1,185	)	$	461		$	1,007	$	76	$	(1,119	)	$	(36	)
Class R3
Shares		239		34		(284	)		(11	)		310		42		(248	)		104
Amount	$	2,589	$	361	$	(3,084	)	$	(134	)	$	3,434	$	460	$	(2,741	)	$	1,153
Class R4
Shares		123		24		(392	)		(245	)		125		59		(747	)		(563	)
Amount	$	1,350	$	250	$	(4,264	)	$	(2,664	)	$	1,389	$	651	$	(8,225	)	$	(6,185	)
Class R5
Shares		71		14		(58	)		27			70		18		(152	)		(64	)
Amount	$	785	$	147	$	(625	)	$	307		$	777	$	194	$	(1,673	)	$	(702	)
Total
Shares		3,024		774		(5,779	)		(1,981	)		4,098		1,127		(7,959	)		(2,734	)
Amount	$	32,769	$	8,191	$	(62,587	)	$	(21,627	)	$	45,199	$	12,389	$	(87,274	)	$	(29,686	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		79	$	861
For the Year Ended October 31, 2013		111	$	1,225

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on

17

The Hartford Conservative Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

18

The Hartford Conservative Allocation Fund

Financial Highlights

	- Selected Per-Share Data - (A)																							- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C),(D)			Ratio of Expenses to Average Net Assets After Adjust- ments(C),(D)			Ratio of Net Investment Income (Loss) to Average Net Assets(D)
For the Year Ended October 31, 2014
A	$	11.05	$	0.07		$	0.09	$	0.16	$	(0.09	)	$	(0.34	)	$	(0.43	)	$	10.78		1.50	%	$	134,286		0.59	%		0.59	%		0.64	%
B		10.99		(0.01	)		0.08		0.07		–			(0.34	)		(0.34	)		10.72		0.71			6,872		1.43			1.40			(0.13	)
C		10.98		(0.01	)		0.08		0.07		–			(0.34	)		(0.34	)		10.71		0.71			46,745		1.34			1.34			(0.09	)
I		11.06		0.10			0.08		0.18		(0.13	)		(0.34	)		(0.47	)		10.77		1.76			1,829		0.32			0.32			0.91
R3		11.06		0.03			0.09		0.12		(0.03	)		(0.34	)		(0.37	)		10.81		1.17			10,141		0.94			0.90			0.31
R4		11.04		0.07			0.08		0.15		(0.06	)		(0.34	)		(0.40	)		10.79		1.45			4,806		0.64			0.60			0.65
R5		11.08		0.10			0.08		0.18		(0.13	)		(0.34	)		(0.47	)		10.79		1.74			3,585		0.34			0.30			0.92
For the Year Ended October 31, 2013
A	$	11.35	$	0.10		$	0.15	$	0.25	$	(0.32	)	$	(0.23	)	$	(0.55	)	$	11.05		2.26	%	$	147,617		0.58	%		0.58	%		0.93	%
B		11.33		0.03			0.13		0.16		(0.27	)		(0.23	)		(0.50	)		10.99		1.42			11,240		1.40			1.40			0.27
C		11.32		0.02			0.15		0.17		(0.28	)		(0.23	)		(0.51	)		10.98		1.51			53,554		1.32			1.32			0.17
I		11.34		0.12			0.16		0.28		(0.33	)		(0.23	)		(0.56	)		11.06		2.60			1,397		0.30			0.30			1.13
R3		11.37		0.05			0.17		0.22		(0.30	)		(0.23	)		(0.53	)		11.06		1.99			10,496		0.93			0.93			0.48
R4		11.33		0.12			0.13		0.25		(0.31	)		(0.23	)		(0.54	)		11.04		2.29			7,620		0.62			0.62			1.08
R5		11.36		0.15			0.13		0.28		(0.33	)		(0.23	)		(0.56	)		11.08		2.57			3,378		0.32			0.32			1.35
For the Year Ended October 31, 2012 (E)
A	$	10.71	$	0.12		$	0.68	$	0.80	$	(0.16	)	$	–		$	(0.16	)	$	11.35		7.55	%	$	166,842		0.58	%		0.58	%		1.13	%
B		10.71		0.03			0.68		0.71		(0.09	)		–			(0.09	)		11.33		6.69			17,538		1.39			1.39			0.38
C		10.70		0.04			0.68		0.72		(0.10	)		–			(0.10	)		11.32		6.78			59,053		1.33			1.33			0.37
I		10.69		0.16			0.67		0.83		(0.18	)		–			(0.18	)		11.34		7.89			1,481		0.30			0.30			1.39
R3		10.74		0.08			0.68		0.76		(0.13	)		–			(0.13	)		11.37		7.18			9,608		0.93			0.93			0.62
R4		10.69		0.11			0.69		0.80		(0.16	)		–			(0.16	)		11.33		7.55			14,196		0.63			0.63			1.00
R5		10.71		0.15			0.68		0.83		(0.18	)		–			(0.18	)		11.36		7.86			4,192		0.33			0.33			1.43
For the Year Ended October 31, 2011 (E)
A	$	10.55	$	0.21		$	0.22	$	0.43	$	(0.27	)	$	–		$	(0.27	)	$	10.71		4.09	%	$	163,779		0.58	%		0.58	%		1.99	%
B		10.55		0.13			0.21		0.34		(0.18	)		–			(0.18	)		10.71		3.24			21,454		1.37			1.37			1.20
C		10.54		0.13			0.22		0.35		(0.19	)		–			(0.19	)		10.70		3.32			55,946		1.32			1.32			1.23
I		10.54		0.23			0.22		0.45		(0.30	)		–			(0.30	)		10.69		4.29			1,248		0.30			0.30			2.16
R3		10.59		0.18			0.21		0.39		(0.24	)		–			(0.24	)		10.74		3.67			7,324		0.93			0.93			1.48
R4		10.54		0.21			0.20		0.41		(0.26	)		–			(0.26	)		10.69		3.95			13,142		0.62			0.62			1.93
R5		10.55		0.23			0.23		0.46		(0.30	)		–			(0.30	)		10.71		4.36			4,788		0.32			0.32			2.30

See Portfolio Turnover information on the next page.

19

The Hartford Conservative Allocation Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C),(D)			Ratio of Expenses to Average Net Assets After Adjust- ments(C),(D)			Ratio of Net Investment Income (Loss) to Average Net Assets(D)
For the Year Ended October 31, 2010 (E)
A	$	9.57	$	0.23	$	0.98	$	1.21	$	(0.23	)	$	–	$	(0.23	)	$	10.55		12.74	%	$	163,353		0.58	%		0.58	%		2.26	%
B		9.57		0.15		0.97		1.12		(0.14	)		–		(0.14	)		10.55		11.83			23,697		1.38			1.38			1.48
C		9.56		0.15		0.98		1.13		(0.15	)		–		(0.15	)		10.54		11.92			53,036		1.33			1.33			1.51
I		9.56		0.28		0.95		1.23		(0.25	)		–		(0.25	)		10.54		13.02			741		0.33			0.33			2.51
R3		9.61		0.18		1.00		1.18		(0.20	)		–		(0.20	)		10.59		12.41			3,357		0.94			0.93			1.75
R4		9.56		0.22		0.98		1.20		(0.22	)		–		(0.22	)		10.54		12.71			12,932		0.62			0.62			2.19
R5		9.57		0.25		0.98		1.23		(0.25	)		–		(0.25	)		10.55		13.02			6,107		0.32			0.32			2.51

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Ratios do not include expenses of the Underlying Funds and/or ETFs/ETNs, if applicable.

(E) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		27	%
For the Year Ended October 31, 2013		22
For the Year Ended October 31, 2012		83
For the Year Ended October 31, 2011		41
For the Year Ended October 31, 2010		28

20

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Conservative Allocation Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Conservative Allocation Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

21

The Hartford Conservative Allocation Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

22

The Hartford Conservative Allocation Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

23

The Hartford Conservative Allocation Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

24

The Hartford Conservative Allocation Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

25

The Hartford Conservative Allocation Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio(A)			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	992.70	$	2.98	$	1,000.00	$	1,022.21	$	3.02		0.59	%	184	365
Class B	$	1,000.00	$	989.80	$	6.96	$	1,000.00	$	1,018.21	$	7.06		1.39		184	365
Class C	$	1,000.00	$	989.80	$	6.69	$	1,000.00	$	1,018.48	$	6.79		1.33		184	365
Class I	$	1,000.00	$	995.00	$	1.59	$	1,000.00	$	1,023.62	$	1.61		0.32		184	365
Class R3	$	1,000.00	$	991.70	$	4.47	$	1,000.00	$	1,020.72	$	4.53		0.89		184	365
Class R4	$	1,000.00	$	993.40	$	2.96	$	1,000.00	$	1,022.24	$	3.00		0.59		184	365
Class R5	$	1,000.00	$	995.00	$	1.46	$	1,000.00	$	1,023.74	$	1.48		0.29		184	365

(A) Ratios do not include expenses of the Underlying Funds and/or ETFs/ETNs, if applicable.

26

The Hartford Conservative Allocation Fund

Shareholder Meeting Results (Unaudited)

A special meeting of shareholders of the Fund was held on April 4, 2014, which was adjourned until May 9, 2014 (“Shareholder Meeting”). Each of the three proposals listed below were approved by shareholders. The final results of the Shareholder Meeting are reported below.

Proposal one:

The ratification and approval of the sub-advisory agreement between HFMC, the investment manager of the Fund, and Wellington Management pursuant to which Wellington Management serves as the sub-adviser to the Fund and manages the Fund's assets.

For	Against	Abstain	Uninstructed
8,220,283.415	380,868.772	739,804.308	1,642,314.000

Proposal two:

The approval of the retention of fees paid and the payment of fees payable by Hartford Investment Financial Services, LLC, the Fund’s former investment manager, and HFMC (as applicable) to Wellington Management for its sub-advisory services to the Fund.

For	Against	Abstain	Uninstructed
8,183,371.719	402,518.572	755,066.204	1,642,314.000

Proposal three:

The authorization of HFMC to select and contract with sub-advisers that are not affiliated with HFMC or the Fund (other than by reason of serving as a sub-adviser to one or more Hartford-sponsored mutual funds) and to materially amend investment sub-advisory agreements without obtaining shareholder approval.

For	Against	Abstain	Uninstructed
7,971,252.187	612,139.762	757,564.546	1,642,314.000

27

The Hartford Conservative Allocation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Conservative Allocation Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment

28

The Hartford Conservative Allocation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 5^th quintile of its performance universe for the 1- and 3-year periods and in the 4^th quintile for the 5-year period. The Board also noted that the Fund’s performance was below its blended custom benchmark for the 1-, 3- and 5-year periods. In considering the Fund’s performance record, the Board noted that the Fund had transitioned to Wellington Management Company, LLP as sub-adviser in 2012.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

29

The Hartford Conservative Allocation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale, although the Board noted that the Fund’s current low asset levels have kept the Fund from fully realizing this benefit. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of

30

The Hartford Conservative Allocation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

31

The Hartford Conservative Allocation Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

Fund of Funds Risk:The Fund invests in a number of Underlying Funds, and is subject to the risks of the Underlying Funds in direct proportion to the amount of assets it invests in each Underlying Fund. The Underlying Funds may invest in the following: foreign securities including emerging markets, fixed income securities (which carry credit and interest rate risk) including junk bonds, small- and mid-cap stocks, mortgage- and asset-backed securities, and derivatives.

32

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-CAL14 12/14 113967-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD  
DISCIPLINED EQUITY FUND   2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Disciplined Equity Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	9
Statement of Operations for the Year Ended October 31, 2014	10
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	11
Notes to Financial Statements	12
Financial Highlights	24
Report of Independent Registered Public Accounting Firm	26
Directors and Officers (Unaudited)	27
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	29
Quarterly Portfolio Holdings Information (Unaudited)	29
Federal Tax Information (Unaudited)	30
Expense Example (Unaudited)	31
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	32
Main Risks (Unaudited)	36

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Disciplined Equity Fund inception 04/30/1998

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks growth of capital.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Disciplined Equity A#		17.56	%		16.89	%		8.13	%
Disciplined Equity A##		11.09	%		15.57	%		7.52	%
Disciplined Equity B#		16.65	%		16.00	%		7.56	%*
Disciplined Equity B##		11.65	%		15.78	%		7.56	%*
Disciplined Equity C#		16.77	%		16.06	%		7.34	%
Disciplined Equity C##		15.77	%		16.06	%		7.34	%
Disciplined Equity R3#		17.30	%		16.67	%		8.07	%
Disciplined Equity R4#		17.71	%		17.02	%		8.31	%
Disciplined Equity R5#		18.03	%		17.40	%		8.58	%
Disciplined Equity Y#		18.07	%		17.45	%		8.64	%
S&P 500 Index		17.27	%		16.69	%		8.20	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses. 

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Disciplined Equity Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Disciplined Equity Class A		1.35	%		1.40	%
Disciplined Equity Class B		2.10	%		2.50	%
Disciplined Equity Class C		2.07	%		2.07	%
Disciplined Equity Class R3		1.50	%		1.69	%
Disciplined Equity Class R4		1.20	%		1.29	%
Disciplined Equity Class R5		0.90	%		1.00	%
Disciplined Equity Class Y		0.85	%		0.88	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Manager

Mammen Chally, CFA

Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Disciplined Equity Fund returned 17.56%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the S&P 500 Index, which returned 17.27% for the same period. The Fund outperformed the 15.14% average return of the Lipper Large-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities surged during the period, despite bouts of significant volatility. After finishing their best year since 1997, U.S. stocks began 2014 with their worst month in nearly two years. Worries about a slowdown in China and general angst surrounding emerging markets overshadowed a fairly benign domestic environment. However, robust merger and acquisition activity and an uncontested increase in the debt ceiling from Congress helped stoke investors' risk appetites in February. The rally continued in May amid renewed signs of life in the housing market and the best payroll gain in more than two years. However, a pullback in July ended a streak of five consecutive monthly gains. Fear gripped the market as heightened geopolitical risks, a potential Portuguese banking crisis, and worries of U.S. Federal Reserve (Fed) tightening took center stage. Stocks rebounded in August as investors were emboldened by encouraging economic data, headlined by better-than-expected Gross Domestic Product growth and signs that the housing recovery still had legs. In September, U.S. equities retreated for just the third month this year. Despite solid manufacturing and consumer confidence readings, the reality of quantitative easing ending and the prospect of higher federal funds rates in mid-2015 contributed to increased risk aversion levels. Stocks finished a volatile October at an all-time high on the heels of a positive earnings season and generally solid economic data. Returns also varied noticeably by market-cap, as small- and mid-cap stocks underperformed large-cap stocks.

All ten sectors in the S&P 500 Index rose during the period, with Healthcare (+30%), Information Technology (+26%), and Utilities (+22%) performing the best. Energy (+4%) and Telecommunication Services (+5%) lagged on a relative basis during the period.

Overall sector allocation, a result of the bottom up stock selection process, was the largest contributor to benchmark relative outperformance during the period, in part due to our overweight to Healthcare and underweight to Energy. This was partially offset by our overweight to Consumer Discretionary and underweight to Information Technology. The Fund’s modest cash position detracted from relative performance in an upward-trending market. Security selection in the Healthcare and Consumer Staples sectors contributed to relative performance, while selection in Information Technology and Industrials detracted.

The top contributors to relative performance were Forest Laboratories (Healthcare), Monster Beverage (Consumer Staples), and Salix Pharmaceutical (Healthcare). Shares of Forest Laboratories, a pharmaceutical company, moved higher on news that Actavis, the world's second-largest generic-drug maker by market value, agreed to buy Forest Laboratories for about $25 billion. Shares of Monster Beverage, a U.S.-based maker of energy drinks, surged after the company announced a long-term strategic partnership with Coca-Cola. As part of the deal, Coca-Cola purchased a 17% stake in Monster. We believe the deal will expedite Monster’s growth around the globe due to Coke’s existing distribution system. Shares of Salix Pharmaceutical, a pharmaceutical company focused on the treatment of gastrointestinal diseases, moved higher in anticipation of its Xifaxin drug receiving a secondary indication for irritable bowel syndrome with diarrhea. This has the potential to provide an additional $1 billion in sales. In addition, our position in Gilead Sciences (Healthcare) was a top contributor to absolute performance.

3

The Hartford Disciplined Equity Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

The top detractors from relative performance were Apple (Information Technology), PVH (Consumer Discretionary), and Genpact (Information Technology). Shares of Apple, a U.S.-based designer and manufacturer of consumer electronics, software, and computers, outperformed due to strong earnings and strong initial sales of the newly released iPhone 6 and 6+. Not owning this benchmark component detracted from relative results. Shares of PVH, a leading global apparel company, fell during the period. The stock underperformed after the company slightly adjusted down their guidance for the year due to weak results in their legacy low-growth department store business. Shares of Genpact, an Indian company engaged in business process management, outsourcing, shared services and information outsourcing, fell after management issued 2014 revenue guidance that was below consensus estimates. Top absolute detractors also included Philip Morris (Consumer Staples), Ocwen Financial (Financials), and AT&T (Telecommunication Services).

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

In our view, the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We believe the U.S. economy is on track for a self-sustaining expansion. After three years of fiscal consolidation, it appears that this policy drag is starting to fade, which we believe should support growth. Meanwhile, investment spending appears to be picking up.

We remain consistent in adhering to our disciplined portfolio construction process that allows us to assess risk, weight individual positions accordingly, and in the process build a portfolio that focuses largely on stock selection as a way to seek benchmark-relative outperformance. At the end of the period, our largest overweight positions relative to the Fund’s benchmark were to Healthcare, Consumer Discretionary, and Utilities, while our largest underweights were in Financials and Energy.

Diversification by Sector
as of October 31, 2014
Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		14.5	%
Consumer Staples		10.3
Energy		4.8
Financials		9.5
Health Care		19.6
Industrials		8.9
Information Technology		20.0
Materials		2.8
Utilities		4.3
Total		94.7	%
Short-Term Investments		5.0
Other Assets and Liabilities		0.3
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford Disciplined Equity Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 94.7%
		Banks - 3.1%
	120	EverBank Financial Corp.	$	2,300
	27	PNC Financial Services Group, Inc.		2,374
				4,674
		Capital Goods - 4.3%
	25	AMETEK, Inc.		1,295
	15	Dover Corp.		1,171
	18	Illinois Tool Works, Inc.		1,653
	23	United Technologies Corp.		2,444
				6,563
		Commercial and Professional Services - 3.1%
	25	Equifax, Inc.		1,889
	28	Nielsen N.V.		1,189
	25	Verisk Analytics, Inc. ●		1,577
				4,655
		Consumer Durables and Apparel - 2.2%
	14	PVH Corp.		1,564
	11	Ralph Lauren Corp.		1,760
				3,324
		Consumer Services - 0.9%
	17	Starwood Hotels & Resorts, Inc.		1,293
		Diversified Financials - 2.4%
	60	JP Morgan Chase & Co.		3,609
		Energy - 4.8%
	17	Anadarko Petroleum Corp.		1,547
	25	Chevron Corp.		3,023
	13	EOG Resources, Inc.		1,239
	27	Halliburton Co.		1,473
				7,282
		Food and Staples Retailing - 4.2%
	22	Costco Wholesale Corp.		2,981
	40	CVS Health Corp.		3,473
				6,454
		Food, Beverage and Tobacco - 4.0%
	35	Altria Group, Inc.		1,715
	75	Mondelez International, Inc.		2,638
	18	Monster Beverage Corp. ●		1,794
				6,147
		Health Care Equipment and Services - 10.1%
	15	Aetna, Inc.		1,271
	21	Cerner Corp. ●		1,353
	38	Envision Healthcare Holdings ●		1,344
	16	McKesson Corp.		3,293
	32	MEDNAX, Inc. ●		1,991
	32	Omnicare, Inc.		2,130
	26	UnitedHealth Group, Inc.		2,514
	14	Zimmer Holdings, Inc.		1,541
				15,437
		Household and Personal Products - 2.1%
	81	Coty, Inc.		1,336
	24	Estee Lauder Co., Inc.		1,812
				3,148
		Insurance - 4.0%
	26	ACE Ltd.		2,839
	29	American International Group, Inc.		1,556
	20	Aon plc		1,706
				6,101
		Materials - 2.8%
	10	Airgas, Inc.		1,094
	31	Crown Holdings, Inc. ●		1,467
	8	Sherwin-Williams Co.		1,751
				4,312
		Media - 3.6%
	46	Comcast Corp. Special Class A		2,528
	34	DirecTV ●		2,934
				5,462
		Pharmaceuticals, Biotechnology and Life Sciences - 9.5%
	8	Actavis plc ●		1,858
	49	Bristol-Myers Squibb Co.		2,839
	48	Eli Lilly & Co.		3,201
	23	Gilead Sciences, Inc. ●		2,617
	52	Merck & Co., Inc.		2,991
	7	Salix Pharmaceuticals Ltd. ●		937
				14,443
		Retailing - 7.8%
	6	AutoZone, Inc. ●		3,044
	41	Dollar Tree, Inc. ●		2,470
	41	Lowe's Cos., Inc.		2,354
	24	Ross Stores, Inc.		1,970
	33	TJX Cos., Inc.		2,058
				11,896
		Semiconductors and Semiconductor Equipment - 1.1%
	48	Intel Corp.		1,648
		Software and Services - 13.7%
	23	Accenture plc		1,860
	87	Activision Blizzard, Inc.		1,734
	32	Automatic Data Processing, Inc.		2,645
	63	Genpact Ltd. ●		1,104
	3	Google, Inc. Class A ●		1,874
	3	Google, Inc. Class C ●		1,909
	26	Intuit, Inc.		2,324
	24	Jack Henry & Associates, Inc.		1,449
	19	MasterCard, Inc.		1,567
	76	Microsoft Corp.		3,577
	16	Solera Holdings, Inc.		854
				20,897
		Technology Hardware and Equipment - 5.2%
	35	Apple, Inc.		3,816
	69	Cisco Systems, Inc.		1,676
	32	Qualcomm, Inc.		2,486
				7,978
		Transportation - 1.5%
	21	United Parcel Service, Inc. Class B		2,212
		Utilities - 4.3%
	43	American Electric Power Co., Inc.		2,486
	25	NextEra Energy, Inc.		2,554
	25	Pinnacle West Capital Corp.		1,521
				6,561
		Total Common Stocks
		(Cost $112,685)	$	144,096
		Total Long-Term Investments
		(Cost $112,685)	$	144,096

The accompanying notes are an integral part of these financial statements.

5

The Hartford Disciplined Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Short-Term Investments - 5.0%
Repurchase Agreements - 5.0%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $22, collateralized by U.S. Treasury Note 1.50%, 2019, value of $22)
$	22	0.08%, 10/31/2014			$	22
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $370, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $378)
	370	0.09%, 10/31/2014				370
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $99, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $101)
	99	0.08%, 10/31/2014				99
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $337, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $344)
	337	0.10%, 10/31/2014				337
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,271, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $1,296)
	1,271	0.08%, 10/31/2014				1,271
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,461, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $1,490)
	1,461	0.09%, 10/31/2014				1,461
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $84, collateralized by U.S. Treasury Note 0.88%, 2017, value of $86)
	84	0.13%, 10/31/2014				84
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $124, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $127)
	124	0.07%, 10/31/2014				124
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,308, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $1,334)
	1,308	0.08%, 10/31/2014				1,308
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,534, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $2,584)
	2,534	0.10%, 10/31/2014				2,534
						7,610
		Total Short-Term Investments
		(Cost $7,610)			$	7,610
		Total Investments
		(Cost $120,295) ▲	99.7	%	$	151,706
		Other Assets and Liabilities	0.3	%		528
		Total Net Assets	100.0	%	$	152,234

The accompanying notes are an integral part of these financial statements.

6

The Hartford Disciplined Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets. 

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $120,406 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	31,816
Unrealized Depreciation		(516	)
Net Unrealized Appreciation	$	31,300

● Non-income producing.

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
Futures contracts	$	230	$	–
Total	$	230	$	–

Futures Contracts Outstanding at October 31, 2014

Number of

Expiration

Notional

Market

Unrealized Appreciation/(Depreciation)

Variation Margin

Description

Contracts*

Date

Amount

Value ╪

Asset

Liability

Asset

Liability

Long position contracts:

S&P 500 (E-Mini) Future

50

12/19/2014

$

4,817

$

5,029

$

212

$

–

$

57

$

–

* The number of contracts does not omit 000's.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Index Abbreviations:
S&P	Standard & Poors
Other Abbreviations:
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

7

The Hartford Disciplined Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	144,096	$	144,096	$	–	$	–
Short-Term Investments		7,610		–		7,610		–
Total	$	151,706	$	144,096	$	7,610	$	–
Futures *	$	212	$	212	$	–	$	–
Total	$	212	$	212	$	–	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

‡ The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

8

The Hartford Disciplined Equity Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $120,295)	$	151,706
Cash		231	*
Receivables:
Fund shares sold		314
Dividends and interest		96
Variation margin on financial derivative instruments		57
Other assets		71
Total assets		152,475
Liabilities:
Payables:
Investment securities purchased		82
Fund shares redeemed		85
Investment management fees		21
Administrative fees		—
Distribution fees		10
Accrued expenses		43
Total liabilities		241
Net assets	$	152,234
Summary of Net Assets:
Capital stock and paid-in-capital	$	118,738
Undistributed net investment income		91
Accumulated net realized gain		1,782
Unrealized appreciation of investments		31,623
Net assets	$	152,234
Shares authorized		450,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$22.00/$23.28
Shares outstanding		5,742
Net assets	$	126,308
Class B: Net asset value per share	$	20.60
Shares outstanding		92
Net assets	$	1,898
Class C: Net asset value per share	$	20.54
Shares outstanding		964
Net assets	$	19,798
Class R3: Net asset value per share	$	22.41
Shares outstanding		21
Net assets	$	481
Class R4: Net asset value per share	$	22.60
Shares outstanding		39
Net assets	$	889
Class R5: Net asset value per share	$	22.72
Shares outstanding		16
Net assets	$	374
Class Y: Net asset value per share	$	22.79
Shares outstanding		109
Net assets	$	2,486

* Cash of $230 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

9

The Hartford Disciplined Equity Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	1,996
Interest		1
Total investment income		1,997
Expenses:
Investment management fees		1,020
Administrative services fees
Class R3		1
Class R4		1
Class R5		—
Transfer agent fees
Class A		236
Class B		13
Class C		26
Class R3		—
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		282
Class B		22
Class C		175
Class R3		2
Class R4		1
Custodian fees		3
Accounting services fees		22
Registration and filing fees		148
Board of Directors' fees		4
Audit fees		12
Other expenses		32
Total expenses (before waivers and fees paid indirectly)		2,000
Expense waivers		(88	)
Transfer agent fee waivers		(6	)
Commission recapture		—
Total waivers and fees paid indirectly		(94	)
Total expenses, net		1,906
Net Investment Income		91
Net Realized Gain on Investments and Other Financial Instruments:
Net realized gain on investments		25,687
Net realized gain on futures contracts		94
Net realized gain on written option contracts		29
Net Realized Gain on Investments and Other Financial Instruments		25,810
Net Changes in Unrealized Depreciation of Investments and Other Financial Instruments:
Net unrealized depreciation of investments		(4,149	)
Net unrealized appreciation of futures contracts		187
Net unrealized depreciation of written option contracts		(13	)
Net Changes in Unrealized Depreciation of Investments and Other Financial Instruments		(3,975	)
Net Gain on Investments and Other Financial Instruments		21,835
Net Increase in Net Assets Resulting from Operations	$	21,926

The accompanying notes are an integral part of these financial statements.

10

The Hartford Disciplined Equity Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	91		$	657
Net realized gain on investments and other financial instruments		25,810			6,827
Net unrealized appreciation (depreciation) of investments and other financial instruments		(3,975	)		21,753
Net Increase in Net Assets Resulting from Operations		21,926			29,237
Distributions to Shareholders:
From net investment income
Class A		(323	)		(851	)
Class B		—			(4	)
Class C		—			(38	)
Class R3		(1	)		(2	)
Class R4		—			(2	)
Class R5		(1	)		(2	)
Class Y		(15	)		(20	)
Total distributions		(340	)		(919	)
Capital Share Transactions:
Class A		5,184			(3,903	)
Class B		(924	)		(952	)
Class C		1,777			15
Class R3		94			53
Class R4		(422	)		852
Class R5		124			15
Class Y		183			(88	)
Net increase (decrease) from capital share transactions		6,016			(4,008	)
Net Increase in Net Assets		27,602			24,310
Net Assets:
Beginning of period		124,632			100,322
End of period	$	152,234		$	124,632
Undistributed (distributions in excess of) net investment income	$	91		$	337

The accompanying notes are an integral part of these financial statements.

11

The Hartford Disciplined Equity Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Disciplined Equity Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available.  There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

12

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit

13

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value.

14

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or

15

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

As of October 31, 2014 the Fund had no outstanding purchased option or written option contracts. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:
Call Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		164		$	16
Written		360			31
Expired		(205	)		(15	)
Closed		(283	)		(28	)
Exercised		(36	)		(4	)
End of period		—		$	—
Put Options Written During the Year		Number of Contracts*			Premium Amounts
Beginning of the period		120		$	11
Written		205			14
Expired		(189	)		(18	)
Closed		(136	)		(7	)
Exercised		—			—
End of period		—		$	—

* The number of contracts does not omit 000's.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Variation margin receivable *	$	—	$	—	$	—	$	57	$	—	$	—	$	57
Total	$	—	$	—	$	—	$	57	$	—	$	—	$	57

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative appreciation of $212 as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

16

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts			Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on futures contracts	$	—	$	—	$	—	$	94		$	—	$	—	$	94
Net realized gain on written option contracts		—		—		—		29			—		—		29
Total	$	—	$	—	$	—	$	123		$	—	$	—	$	123
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of futures contracts	$	—	$	—	$	—	$	187		$	—	$	—	$	187
Net change in unrealized depreciation of written option contracts		—		—		—		(13	)		—		—		(13	)
Total	$	—	$	—	$	—	$	174		$	—	$	—	$	174

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Received		Cash Collateral Received			Net Amount (not less than $0)
Description
Futures contracts - variation margin receivable	$	57	$	—	$	—	$	—	♦	$	57
Total subject to a master netting or similar arrangement	$	57	$	—	$	—	$	—		$	57

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

♦ The Fund has pledged $230 as collateral for open futures contracts held at October 31, 2014.

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

17

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	340	$	919

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	91
Undistributed Long-Term Capital Gain		2,105
Unrealized Appreciation*		31,300
Total Accumulated Earnings	$	33,496

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	3
Accumulated Net Realized Gain (Loss)		(3	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the

18

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

During the year ended October 31, 2014, the Fund utilized $23,915 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.7500%
On next $500 million	0.6750%
On next $4 billion	0.6250%
On next $5 billion	0.6225%
Over $10 billion	0.6200%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.016%
On next $5 billion	0.013%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more

19

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class R3	Class R4	Class R5	Class Y
1.35%	2.10%	2.10%	1.50%	1.20%	0.90%	0.85%

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.31%
Class B		2.10
Class C		2.00
Class R3		1.50
Class R4		1.20
Class R5		0.90
Class Y		0.85

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $214 and contingent deferred sales charges of $3 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned

20

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R4		22	%		—	%*
Class R5		54			—	*

* Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	80,509	$	—	$	80,509
Sales Proceeds		81,040		—		81,040

21

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		1,007		16		(775	)		248			723		56		(1,017	)		(238	)
Amount	$	20,659	$	319	$	(15,794	)	$	5,184		$	11,909	$	840	$	(16,652	)	$	(3,903	)
Class B
Shares		8		—		(56	)		(48	)		17		—		(79	)		(62	)
Amount	$	141	$	—	$	(1,065	)	$	(924	)	$	255	$	4	$	(1,211	)	$	(952	)
Class C
Shares		210		—		(117	)		93			139		2		(142	)		(1	)
Amount	$	4,009	$	—	$	(2,232	)	$	1,777		$	2,130	$	36	$	(2,151	)	$	15
Class R3
Shares		18		—		(14	)		4			3		—		—			3
Amount	$	386	$	—	$	(292	)	$	94		$	56	$	2	$	(5	)	$	53
Class R4
Shares		29		—		(54	)		(25	)		77		—		(24	)		53
Amount	$	609	$	—	$	(1,031	)	$	(422	)	$	1,271	$	2	$	(421	)	$	852
Class R5
Shares		5		—		—			5			1		—		—			1
Amount	$	125	$	—	$	(1	)	$	124		$	13	$	2	$	—		$	15
Class Y
Shares		23		1		(16	)		8			21		1		(27	)		(5	)
Amount	$	480	$	15	$	(312	)	$	183		$	329	$	20	$	(437	)	$	(88	)
Total
Shares		1,300		17		(1,032	)		285			981		59		(1,289	)		(249	)
Amount	$	26,409	$	334	$	(20,727	)	$	6,016		$	15,963	$	906	$	(20,877	)	$	(4,008	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		24	$	498
For the Year Ended October 31, 2013		35	$	564

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

22

The Hartford Disciplined Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

23

The Hartford Disciplined Equity Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	18.77	$	0.03		$	3.26	$	3.29	$	(0.06	)	$	–	$	(0.06	)	$	22.00		17.56	%	$	126,308		1.37	%		1.31	%		0.16	%
B		17.66		(0.12	)		3.06		2.94		–			–		–			20.60		16.65			1,898		2.49			2.10			(0.62	)
C		17.59		(0.10	)		3.05		2.95		–			–		–			20.54		16.77			19,798		2.06			2.00			(0.53	)
R3		19.14		(0.01	)		3.32		3.31		(0.04	)		–		(0.04	)		22.41		17.30			481		1.70			1.50			(0.05	)
R4		19.20		0.05			3.35		3.40		–			–		–			22.60		17.71			889		1.34			1.20			0.21
R5		19.38		0.12			3.36		3.48		(0.14	)		–		(0.14	)		22.72		18.03			374		1.04			0.90			0.56
Y		19.44		0.13			3.37		3.50		(0.15	)		–		(0.15	)		22.79		18.07			2,486		0.91			0.85			0.62
For the Year Ended October 31, 2013
A	$	14.57	$	0.11		$	4.24	$	4.35	$	(0.15	)	$	–	$	(0.15	)	$	18.77		30.12	%	$	103,104		1.40	%		1.35	%		0.68	%
B		13.70		(0.01	)		3.99		3.98		(0.02	)		–		(0.02	)		17.66		29.10			2,480		2.50			2.10			(0.04	)
C		13.66		–			3.98		3.98		(0.05	)		–		(0.05	)		17.59		29.19			15,324		2.07			2.04			(0.01	)
R3		14.86		0.09			4.32		4.41		(0.13	)		–		(0.13	)		19.14		29.88			330		1.69			1.50			0.51
R4		14.91		0.12			4.34		4.46		(0.17	)		–		(0.17	)		19.20		30.24			1,227		1.29			1.20			0.69
R5		15.04		0.19			4.37		4.56		(0.22	)		–		(0.22	)		19.38		30.68			204		1.00			0.90			1.12
Y		15.05		0.20			4.38		4.58		(0.19	)		–		(0.19	)		19.44		30.73			1,963		0.88			0.85			1.19
For the Year Ended October 31, 2012
A	$	12.77	$	0.09		$	1.74	$	1.83	$	(0.03	)	$	–	$	(0.03	)	$	14.57		14.39	%	$	83,534		1.44	%		1.35	%		0.69	%
B		12.07		(0.01	)		1.64		1.63		–			–		–			13.70		13.50			2,761		2.50			2.10			(0.08	)
C		12.03		(0.01	)		1.64		1.63		–			–		–			13.66		13.55			11,913		2.09			2.09			(0.06	)
R3		13.05		0.08			1.77		1.85		(0.04	)		–		(0.04	)		14.86		14.22			209		1.70			1.50			0.53
R4		13.07		0.12			1.78		1.90		(0.06	)		–		(0.06	)		14.91		14.57			167		1.31			1.20			0.85
R5		13.18		0.16			1.79		1.95		(0.09	)		–		(0.09	)		15.04		14.93			144		1.01			0.90			1.14
Y		13.20		0.15			1.80		1.95		(0.10	)		–		(0.10	)		15.05		14.90			1,594		0.85			0.85			1.04
For the Year Ended October 31, 2011
A	$	11.90	$	0.07		$	0.82	$	0.89	$	(0.02	)	$	–	$	(0.02	)	$	12.77		7.50	%	$	80,470		1.44	%		1.35	%		0.51	%
B		11.32		(0.03	)		0.79		0.76		(0.01	)		–		(0.01	)		12.07		6.69			4,020		2.42			2.10			(0.21	)
C		11.28		(0.03	)		0.79		0.76		(0.01	)		–		(0.01	)		12.03		6.72			11,221		2.10			2.09			(0.23	)
R3		12.18		0.04			0.85		0.89		(0.02	)		–		(0.02	)		13.05		7.30			165		1.65			1.50			0.34
R4		12.16		0.08			0.86		0.94		(0.03	)		–		(0.03	)		13.07		7.70			134		1.28			1.20			0.64
R5		12.24		0.13			0.84		0.97		(0.03	)		–		(0.03	)		13.18		7.94			117		0.96			0.90			0.96
Y		12.25		0.13			0.85		0.98		(0.03	)		–		(0.03	)		13.20		8.03			72,307		0.86			0.85			0.98

See Portfolio Turnover information on the next page.

24

The Hartford Disciplined Equity Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	10.44	$	0.08	$	1.58	$	1.66	$	(0.20	)	$	–	$	(0.20	)	$	11.90		16.00	%	$	81,949		1.47	%		1.35	%		0.71	%
B		9.89		–		1.50		1.50		(0.07	)		–		(0.07	)		11.32		15.18			5,770		2.46			2.10			(0.04	)
C		9.84		–		1.49		1.49		(0.05	)		–		(0.05	)		11.28		15.18			11,519		2.12			2.10			(0.04	)
R3		10.71		0.05		1.63		1.68		(0.21	)		–		(0.21	)		12.18		15.77			113		1.66			1.55			0.47
R4		10.68		0.09		1.61		1.70		(0.22	)		–		(0.22	)		12.16		16.01			105		1.25			1.23			0.82
R5		10.75		0.12		1.65		1.77		(0.28	)		–		(0.28	)		12.24		16.55			105		0.95			0.92			1.09
Y		10.76		0.14		1.64		1.78		(0.29	)		–		(0.29	)		12.25		16.63			45,376		0.85			0.85			1.21

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		60	%
For the Year Ended October 31, 2013		28
For the Year Ended October 31, 2012		46
For the Year Ended October 31, 2011		56
For the Year Ended October 31, 2010		41

25

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Disciplined Equity Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Disciplined Equity Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

26

The Hartford Disciplined Equity Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

27

The Hartford Disciplined Equity Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

28

The Hartford Disciplined Equity Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

29

The Hartford Disciplined Equity Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

30

The Hartford Disciplined Equity Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,087.50	$	6.84	$	1,000.00	$	1,018.65	$	6.61		1.30	%	184	365
Class B	$	1,000.00	$	1,083.10	$	11.03	$	1,000.00	$	1,014.61	$	10.67		2.10		184	365
Class C	$	1,000.00	$	1,083.90	$	10.45	$	1,000.00	$	1,015.17	$	10.11		1.99		184	365
Class R3	$	1,000.00	$	1,085.80	$	7.89	$	1,000.00	$	1,017.64	$	7.63		1.50		184	365
Class R4	$	1,000.00	$	1,087.60	$	6.32	$	1,000.00	$	1,019.15	$	6.11		1.20		184	365
Class R5	$	1,000.00	$	1,089.70	$	4.74	$	1,000.00	$	1,020.67	$	4.59		0.90		184	365
Class Y	$	1,000.00	$	1,089.40	$	4.48	$	1,000.00	$	1,020.92	$	4.33		0.85		184	365

31

The Hartford Disciplined Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Disciplined Equity Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

32

The Hartford Disciplined Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period and the 2^nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

33

The Hartford Disciplined Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile of its expense group, while its actual management fee was in the 2^nd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale, although the Board noted that the Fund’s current low asset levels have kept the Fund from fully realizing this benefit. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer

34

The Hartford Disciplined Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

35

The Hartford Disciplined Equity Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Quantitative Analysis Risk: The Fund uses quantitative analysis in its securities selection; securities selected by this method may perform differently from the broader stock market.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

36

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-DE14 12/14 113968-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD  
DIVIDEND AND GROWTH FUND   2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Dividend and Growth Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	9
Statement of Operations for the Year Ended October 31, 2014	10
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	11
Notes to Financial Statements	12
Financial Highlights	23
Report of Independent Registered Public Accounting Firm	25
Directors and Officers (Unaudited)	26
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	28
Quarterly Portfolio Holdings Information (Unaudited)	28
Federal Tax Information (Unaudited)	29
Expense Example (Unaudited)	30
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	31
Main Risks (Unaudited)	35

The views expressed in the Fund’s Manager Discussion under “Why did the Fund perform this way?” and “What is the outlook?” are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Dividend and Growth Fund inception 07/22/1996

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks a high level of current income consistent with growth of capital.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Dividend & Growth A#		16.01	%		14.61	%		8.58	%
Dividend & Growth A##		9.63	%		13.32	%		7.96	%
Dividend & Growth B#		14.91	%		13.60	%		7.83	%*
Dividend & Growth B##		9.91	%		13.36	%		7.83	%*
Dividend & Growth C#		15.12	%		13.77	%		7.78	%
Dividend & Growth C##		14.12	%		13.77	%		7.78	%
Dividend & Growth I#		16.22	%		14.90	%		8.82	%
Dividend & Growth R3#		15.61	%		14.28	%		8.41	%
Dividend & Growth R4#		15.98	%		14.64	%		8.70	%
Dividend & Growth R5#		16.32	%		14.99	%		8.95	%
Dividend & Growth Y#		16.42	%		15.09	%		9.04	%
Russell 1000 Value Index		16.46	%		16.49	%		7.90	%
S&P 500 Index		17.27	%		16.69	%		8.20	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses.

Russell 1000 Value Index is an unmanaged index that measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index is an unmanaged index that measures the performance of the 1,000 largest companies in the Russell 3000 Index, which measures the performance of the 3,000 largest U.S. companies, based on total market capitalizations.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Dividend and Growth Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Dividend & Growth Class A		1.05	%		1.05	%
Dividend & Growth Class B		1.95	%		2.00	%
Dividend & Growth Class C		1.79	%		1.79	%
Dividend & Growth Class I		0.83	%		0.83	%
Dividend & Growth Class R3		1.35	%		1.35	%
Dividend & Growth Class R4		1.05	%		1.05	%
Dividend & Growth Class R5		0.75	%		0.75	%
Dividend & Growth Class Y		0.65	%		0.65	%

* As shown in the Fund's prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014. Net expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014 and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date.  However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.  The net expense ratios shown in the November 7, 2014 prospectus are 1.05%, 2.00%, 1.79%, 0.83%, 1.35%, 1.05%, 0.75% and 0.65% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively, and reflect contractual expense reimbursements in place until February 29, 2016.  The gross expense ratios shown in the November 7, 2014 prospectus are 1.05%, 2.00%, 1.79%, 0.83%, 1.35%, 1.05%, 0.75% and 0.65% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Edward P. Bousa, CFA	Donald J. Kilbride	Matthew G. Baker
Senior Vice President and Equity Portfolio Manager	Senior Vice President and Equity Portfolio Manager	Senior Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Dividend and Growth Fund returned 16.01%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the S&P 500 Index, which returned 17.27% for the same period. The Fund also underperformed the Russell 1000 Value Index, the Fund’s other benchmark, which returned 16.46% for the same period. The Fund outperformed the 12.41% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities surged during the period, despite bouts of significant volatility. After finishing their best year since 1997, U.S. stocks began 2014 with their worst month in nearly two years. Worries about a slowdown in China and general angst surrounding emerging markets overshadowed a fairly benign domestic environment. However, robust merger and acquisition activity and an uncontested increase in the debt ceiling from Congress helped stoke investors' risk appetites in February. The rally continued in May amid renewed signs of life in the housing market and the best payroll gain in more than two years. However, a pullback in July ended a streak of five consecutive monthly gains. Fear gripped the market as heightened geopolitical risks, a potential Portuguese banking crisis, and worries of U.S. Federal Reserve (Fed) tightening took center stage. Stocks rebounded in August as investors were emboldened by encouraging economic data, headlined by better-than-expected Gross Domestic Product (GDP) growth and signs that the housing recovery still had legs. In September, U.S. equities retreated for just the third month this year. Despite solid manufacturing and consumer confidence readings, the reality of quantitative easing ending and the prospect of higher federal funds rates in mid-2015 contributed to increased risk aversion levels. Stocks finished a volatile October at an all-time high on the heels of a positive earnings season and generally solid economic data. Returns also varied noticeably by market-cap, as small- and mid-cap stocks underperformed large-cap stocks.

During the twelve-month period, all of the ten sectors within the S&P 500 Index posted positive returns, led by Healthcare (+30%), Information Technology(+26%), and Utilities (+22%). Energy (+4%), Telecommunication Services (+5%), and Consumer Discretionary (+9%) lagged on a relative basis.

Several factors led to the Fund’s underperformance relative to the S&P 500 Index, including our underweight to and weak stock selection within Information Technology as well as weak stock selection in Healthcare. However, these factors were somewhat offset by our underweight to Consumer Discretionary and our overweight to the Healthcare sector. Holding a modest cash position in an upward trending market also detracted from results relative to the S&P 500 Index.

3

The Hartford Dividend and Growth Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

The Fund’s top detractors from performance relative to the S&P 500 Index included an underweight to Apple (Information Technology), an overweight to Ford (Consumer Discretionary) and not owning Gilead (Healthcare). Shares of Apple, a maker of an interconnected ecosystem of computing and mobile devices, rose after the company posted better-than-expected quarterly earnings and gave solid guidance for the fourth quarter; we owned a position in this stock but were underweight relative to the Fund’s benchmark. During the period shares of Ford, a global automobile maker, underperformed as the company lowered its guidance regarding pre-tax profit. Shares of Gilead, a U.S.-based biopharmaceutical company, rose after the firm reported better-than-expected earnings, led by record sales from the hepatitis C franchise. Not owning this S&P 500 Index stock detracted from relative performance during the period. Top absolute detractors also included Goldcorp (Materials) and United Technologies (Industrials).

The Fund’s top contributors to performance relative to the S&P 500 Index during the period were AstraZeneca (Healthcare), Merck (Healthcare), and Wells Fargo (Financials). Shares of AstraZeneca, a U.K.-based multinational pharmaceutical company, outperformed on news that U.S.-based pharmaceutical giant Pfizer offered to acquire the company at a price that AstraZeneca dismissed as being too low. We view AstraZeneca as an undervalued company offering exposure to the immuno-oncology market, a new area of medicine that could transform the way many cancers are treated. Shares of Merck, a global pharmaceutical company, rose as the stock benefited from improved investor sentiment regarding the firm's large opportunity with its immuno-oncology program. Shares of Wells Fargo, a U.S.-based diversified bank, outperformed after the company reported better-than-expected quarterly earnings, in part due to strong loan and deposit growth, as well as improving credit quality. Top absolute performers also included Microsoft (Information Technology).

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

Relative to the rest of the world, we believe that the U.S. economy appears to be holding up better. However, our outlook for the U.S. has also declined and we believe the consensus GDP estimates are too optimistic at this point. The housing market recovery has slowed in our estimation and the general consensus appears to be that the Fed is likely to raise policy rates by at least 1% next year as an insurance against future inflation pressures. Recently, we have been very active to position the Fund slightly more defensively, taking some profits in stocks that have approached our price targets, and swapping between comparable companies where we have found what we believe to be better risk/reward opportunities. We continue to seek a solid portfolio comprised of firms with strong management teams, good balance sheets, and a commitment to returning cash to shareholders via dividends and share repurchases.

At the end of the period, our largest overweights were to Financials, Healthcare, and Industrials, while we remained underweight Consumer Discretionary, Information Technology, and Consumer Staples, relative to the S&P 500 Index.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		6.9	%
Consumer Staples		7.3
Energy		10.0
Financials		20.5
Health Care		17.0
Industrials		12.9
Information Technology		14.5
Materials		2.2
Services		2.6
Utilities		3.0
Total		96.9	%
Short-Term Investments		3.2
Other Assets and Liabilities		(0.1	)
Total		100.0	%

A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford Dividend and Growth Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.9%
		Automobiles and Components - 1.5%
	6,399	Ford Motor Co.	$	90,161
	1,050	Honda Motor Co., Ltd. ADR		33,710
				123,871
		Banks - 7.3%
	900	Bank of Nova Scotia		55,155
	1,496	PNC Financial Services Group, Inc.		129,252
	1,294	US Bancorp		55,117
	6,538	Wells Fargo & Co.		347,088
				586,612
		Capital Goods - 6.5%
	391	Caterpillar, Inc.		39,632
	178	Deere & Co.		15,223
	970	Eaton Corp. plc		66,365
	2,999	General Electric Co.		77,410
	950	Honeywell International, Inc.		91,271
	132	Lockheed Martin Corp.		25,193
	818	Raytheon Co.		85,016
	1,226	Textron, Inc.		50,904
	676	United Technologies Corp.		72,295
				523,309
		Commercial and Professional Services - 2.2%
	1,012	Equifax, Inc.		76,654
	2,246	Nielsen N.V.		95,440
				172,094
		Consumer Services - 0.6%
	765	Las Vegas Sands Corp.		47,644
		Diversified Financials - 6.3%
	262	Ameriprise Financial, Inc.		33,098
	3,472	Bank of America Corp.		59,586
	341	BlackRock, Inc.		116,397
	1,761	Citigroup, Inc.		94,267
	3,286	JP Morgan Chase & Co.		198,726
				502,074
		Energy - 10.0%
	1,148	Anadarko Petroleum Corp.		105,383
	1,808	Chevron Corp.		216,870
	2,000	Exxon Mobil Corp.		193,458
	680	Halliburton Co.		37,497
	1,168	Imperial Oil Ltd.		55,900
	1,303	Marathon Oil Corp.		46,112
	318	Phillips 66		24,952
	496	Schlumberger Ltd.		48,894
	1,081	Suncor Energy, Inc.		38,418
	537	Total S.A. ADR		32,147
				799,631
		Food and Staples Retailing - 3.1%
	1,797	CVS Health Corp.		154,208
	252	Walgreen Co.		16,171
	1,064	Wal-Mart Stores, Inc.		81,122
				251,501
		Food, Beverage and Tobacco - 3.1%
	484	Coca-Cola Co.		20,268
	522	Kraft Foods Group, Inc.		29,424
	1,244	Mondelez International, Inc.		43,846
	904	Philip Morris International, Inc.		80,434
	1,870	Unilever N.V. NY Shares ADR		72,429
				246,401
		Health Care Equipment and Services - 4.3%
	1,479	Cardinal Health, Inc.		116,076
	1,992	Medtronic, Inc.		135,748
	969	UnitedHealth Group, Inc.		92,018
				343,842
		Household and Personal Products - 1.1%
	996	Procter & Gamble Co.		86,920
		Insurance - 6.9%
	1,352	ACE Ltd.		147,804
	594	Aflac, Inc.		35,487
	1,140	Marsh & McLennan Cos., Inc.		61,989
	1,419	MetLife, Inc.		76,983
	1,659	Principal Financial Group, Inc.		86,860
	1,667	Prudential Financial, Inc.		147,560
				556,683
		Materials - 2.2%
	1,492	Dow Chemical Co.		73,719
	1,495	Goldcorp, Inc.		28,083
	1,426	International Paper Co.		72,172
				173,974
		Media - 3.4%
	3,626	Comcast Corp. Class A		200,714
	758	Walt Disney Co.		69,228
				269,942
		Pharmaceuticals, Biotechnology and Life Sciences - 12.7%
	1,441	AstraZeneca plc ADR		105,097
	2,230	Bristol-Myers Squibb Co.		129,769
	2,112	Eli Lilly & Co.		140,085
	1,659	Johnson & Johnson		178,842
	4,829	Merck & Co., Inc.		279,813
	4,091	Pfizer, Inc.		122,524
	1,683	Zoetis, Inc.		62,544
				1,018,674
		Retailing - 1.4%
	1,910	Lowe's Cos., Inc.		109,274
		Semiconductors and Semiconductor Equipment - 3.6%
	1,117	Altera Corp.		38,386
	1,089	Analog Devices, Inc.		54,031
	4,392	Intel Corp.		149,384
	879	Texas Instruments, Inc.		43,660
				285,461
		Software and Services - 6.9%
	1,459	Accenture plc		118,371
	244	IBM Corp.		40,130
	4,963	Microsoft Corp.		233,006
	1,443	Oracle Corp.		56,351
	2,609	Symantec Corp.		64,763
	3,230	Xerox Corp.		42,893
				555,514
		Technology Hardware and Equipment - 4.0%
	1,184	Apple, Inc.		127,837
	382	Avnet, Inc.		16,508
	4,642	Cisco Systems, Inc.		113,582
	846	Qualcomm, Inc.		66,401
				324,328
		Telecommunication Services - 2.6%
	4,212	Verizon Communications, Inc.		211,673

The accompanying notes are an integral part of these financial statements.

5

The Hartford Dividend and Growth Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Common Stocks - 96.9% - (continued)
		Transportation - 4.2%
	2,008	CSX Corp.			$	71,548
	1,660	Delta Air Lines, Inc.				66,793
	459	FedEx Corp.				76,821
	1,171	United Parcel Service, Inc. Class B				122,805
						337,967
		Utilities - 3.0%
	907	Dominion Resources, Inc.				64,665
	1,404	Exelon Corp.				51,372
	967	NextEra Energy, Inc.				96,943
	1,041	NRG Energy, Inc.				31,218
						244,198
		Total Common Stocks
		(Cost $5,411,674)			$	7,771,587
		Total Long-Term Investments
		(Cost $5,411,674)			$	7,771,587
Short-Term Investments - 3.2%
Repurchase Agreements - 3.2%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $745, collateralized by U.S. Treasury Note 1.50%, 2019, value of $760)
$	745	0.08%, 10/31/2014			$	745
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $12,681, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $12,934)
	12,680	0.09%, 10/31/2014				12,680
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3,407, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $3,475)
	3,407	0.08%, 10/31/2014				3,407
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $11,549, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $11,780)
	11,549	0.10%, 10/31/2014				11,549
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $43,516, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $44,386)
	43,516	0.08%, 10/31/2014				43,516
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $50,018, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $51,018)
	50,018	0.09%, 10/31/2014				50,018
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,887, collateralized by U.S. Treasury Note 0.88%, 2017, value of $2,945)
	2,887	0.13%, 10/31/2014				2,887
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,250, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $4,335)
	4,250	0.07%, 10/31/2014				4,250
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $44,775, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $45,670)
	44,775	0.08%, 10/31/2014				44,775
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $86,767, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $88,502)
	86,766	0.10%, 10/31/2014				86,766
						260,593
		Total Short-Term Investments
		(Cost $260,593)			$	260,593
		Total Investments
		(Cost $5,672,267) ▲	100.1	%	$	8,032,180
		Other Assets and Liabilities	(0.1	)%		(7,868	)
		Total Net Assets	100.0	%	$	8,024,312

The accompanying notes are an integral part of these financial statements.

6

The Hartford Dividend and Growth Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $5,690,389 and the aggregate gross unrealized appreciation and depreciation based on that cost were:    

Unrealized Appreciation	$	2,398,312
Unrealized Depreciation		(56,521	)
Net Unrealized Appreciation	$	2,341,791

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

7

The Hartford Dividend and Growth Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	7,771,587	$	7,771,587	$	–	$	–
Short-Term Investments		260,593		–		260,593		–
Total	$	8,032,180	$	7,771,587	$	260,593	$	–

♦	For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.
‡	The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as  of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3		Transfers  Out of Level 3		Balance as  of October 31, 2014
Assets:
Common Stocks	$	178	$	159	$	(130	)	$	—	$	—	$	(207	)	$	—	$	—	$	—
Total	$	178	$	159	$	(130	)	$	—	$	—	$	(207	)	$	—	$	—	$	—

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

8

The Hartford Dividend and Growth Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $5,672,267)	$	8,032,180
Cash		1
Receivables:
Investment securities sold		9,641
Fund shares sold		6,737
Dividends and interest		9,300
Other assets		193
Total assets		8,058,052
Liabilities:
Payables:
Investment securities purchased		24,058
Fund shares redeemed		7,351
Investment management fees		915
Dividends		—
Administrative fees		12
Distribution fees		295
Accrued expenses		1,109
Total liabilities		33,740
Net assets	$	8,024,312
Summary of Net Assets:
Capital stock and paid-in-capital	$	5,029,238
Undistributed net investment income		10,600
Accumulated net realized gain		624,561
Unrealized appreciation of investments		2,359,913
Net assets	$	8,024,312
Shares authorized		1,000,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$27.05/$28.62
Shares outstanding		139,774
Net assets	$	3,780,786
Class B: Net asset value per share	$	26.59
Shares outstanding		2,788
Net assets	$	74,126
Class C: Net asset value per share	$	26.42
Shares outstanding		17,713
Net assets	$	467,932
Class I: Net asset value per share	$	26.95
Shares outstanding		69,885
Net assets	$	1,883,434
Class R3: Net asset value per share	$	27.29
Shares outstanding		3,365
Net assets	$	91,839
Class R4: Net asset value per share	$	27.42
Shares outstanding		5,800
Net assets	$	159,018
Class R5: Net asset value per share	$	27.49
Shares outstanding		8,231
Net assets	$	226,236
Class Y: Net asset value per share	$	27.50
Shares outstanding		48,759
Net assets	$	1,340,941

The accompanying notes are an integral part of these financial statements.

9

The Hartford Dividend and Growth Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	192,665
Interest		116
Less: Foreign tax withheld		(1,596	)
Total investment income		191,185
Expenses:
Investment management fees		47,902
Administrative services fees
Class R3		180
Class R4		226
Class R5		216
Transfer agent fees
Class A		4,796
Class B		280
Class C		540
Class I		2,985
Class R3		6
Class R4		2
Class R5		1
Class Y		26
Distribution fees
Class A		9,140
Class B		875
Class C		4,400
Class R3		449
Class R4		376
Custodian fees		21
Accounting services fees		1,046
Registration and filing fees		301
Board of Directors' fees		209
Audit fees		67
Other expenses		1,118
Total expenses (before waivers and fees paid indirectly)		75,162
Transfer agent fee waivers		(17	)
Commission recapture		(71	)
Total waivers and fees paid indirectly		(88	)
Total expenses, net		75,074
Net Investment Income		116,111
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		694,245
Net realized gain on foreign currency contracts		1
Net realized loss on other foreign currency transactions		(12	)
Net Realized Gain on Investments and Foreign Currency Transactions		694,234
Net Changes in Unrealized Appreciation of Investments:
Net unrealized appreciation of investments		365,334
Net Changes in Unrealized Appreciation of Investments		365,334
Net Gain on Investments and Foreign Currency Transactions		1,059,568
Net Increase in Net Assets Resulting from Operations	$	1,175,679

The accompanying notes are an integral part of these financial statements.

10

The Hartford Dividend and Growth Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the  Year Ended October 31, 2014			For the  Year Ended October 31, 2013
Operations:
Net investment income	$	116,111		$	116,994
Net realized gain on investments and foreign currency transactions		694,234			528,429
Net unrealized appreciation of investments		365,334			942,357
Net Increase in Net Assets Resulting from Operations		1,175,679			1,587,780
Distributions to Shareholders:
From net investment income
Class A		(51,845	)		(49,319	)
Class B		(412	)		(681	)
Class C		(3,224	)		(3,238	)
Class I		(28,595	)		(25,683	)
Class R3		(961	)		(999	)
Class R4		(2,078	)		(2,039	)
Class R5		(3,613	)		(2,853	)
Class Y		(25,884	)		(30,320	)
Total from net investment income		(116,612	)		(115,132	)
From net realized gain on investments
Class A		(224,789	)		(48,692	)
Class B		(6,351	)		(1,796	)
Class C		(27,381	)		(5,743	)
Class I		(103,448	)		(22,402	)
Class R3		(5,498	)		(1,187	)
Class R4		(9,021	)		(1,977	)
Class R5		(12,871	)		(2,121	)
Class Y		(101,247	)		(25,685	)
Total from net realized gain on investments		(490,606	)		(109,603	)
Total distributions		(607,218	)		(224,735	)
Capital Share Transactions:
Class A		64,388			(101,025	)
Class B		(29,745	)		(30,473	)
Class C		25,380			(8	)
Class I		177,440			(41,319	)
Class R3		(2,169	)		(903	)
Class R4		8,230			(7,610	)
Class R5		10,343			25,534
Class Y		(365,984	)		(267,527	)
Net decrease from capital share transactions		(112,117	)		(423,331	)
Net Increase in Net Assets		456,344			939,714
Net Assets:
Beginning of period		7,567,968			6,628,254
End of period	$	8,024,312		$	7,567,968
Undistributed (distributions in excess of) net investment income	$	10,600		$	11,282

The accompanying notes are an integral part of these financial statements.

11

The Hartford Dividend and Growth Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Dividend and Growth Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

12

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when

13

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative

14

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund had no illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund had no when-issued or delayed-delivery investments as of October 31, 2014.

15

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund had no outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

The volume of derivative activity was minimal during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on foreign currency contracts	$	—	$	1	$	—	$	—	$	—	$	—	$	1
Total	$	—	$	1	$	—	$	—	$	—	$	—	$	1

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

16

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	151,446	$	115,132
Long-Term Capital Gains ‡		455,772		109,603

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	56,738
Undistributed Long-Term Capital Gain		629,492
Accumulated Capital and Other Losses*		(32,947	)
Unrealized Appreciation†		2,341,791
Total Accumulated Earnings	$	2,995,074

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

17

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(181	)
Accumulated Net Realized Gain (Loss)		181

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

Year of Expiration	Amount
2015	$	13,936
2016		19,011
Total	$	32,947

As a result of mergers in the Fund, certain provisions in the IRC may limit the future utilization of capital losses.  During the year ended October 31, 2014, the Fund utilized $19,011 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

18

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.7500%
On next $500 million	0.6500%
On next $1.5 billion	0.6000%
On next $2.5 billion	0.5950%
On next $5 billion	0.5900%
Over $10 billion	0.5850%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.014%
On next $5 billion	0.012%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.25%	NA	NA	1.00%	1.35%	1.05%	0.75%	NA

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.02	%
Class B		1.94
Class C		1.76
Class I		0.81
Class R3		1.35
Class R4		1.04
Class R5		0.74
Class Y		0.64

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and

19

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $7,013 and contingent deferred sales charges of $63 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $14. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		9	%

20

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	1,776,699	$	—	$	1,776,699
Sales Proceeds		2,394,196		—		2,394,196

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued  for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued  for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of  Shares
Class A
Shares		12,008		11,233		(20,081	)		3,160			13,591		4,525		(22,497	)		(4,381	)
Amount	$	308,252	$	273,099	$	(516,963	)	$	64,388		$	312,680	$	96,559	$	(510,264	)	$	(101,025	)
Class B
Shares		52		278		(1,488	)		(1,158	)		157		118		(1,621	)		(1,346	)
Amount	$	1,307	$	6,572	$	(37,624	)	$	(29,745	)	$	3,540	$	2,398	$	(36,411	)	$	(30,473	)
Class C
Shares		2,089		1,228		(2,229	)		1,088			2,044		413		(2,464	)		(7	)
Amount	$	52,441	$	29,000	$	(56,061	)	$	25,380		$	46,181	$	8,472	$	(54,661	)	$	(8	)
Class I
Shares		14,965		5,323		(13,146	)		7,142			15,394		2,201		(19,345	)		(1,750	)
Amount	$	385,019	$	129,253	$	(336,832	)	$	177,440		$	351,414	$	47,001	$	(439,734	)	$	(41,319	)
Class R3
Shares		563		248		(874	)		(63	)		722		94		(854	)		(38	)
Amount	$	14,515	$	6,058	$	(22,742	)	$	(2,169	)	$	16,567	$	2,009	$	(19,479	)	$	(903	)
Class R4
Shares		1,404		305		(1,370	)		339			1,663		119		(2,104	)		(322	)
Amount	$	36,330	$	7,518	$	(35,618	)	$	8,230		$	38,329	$	2,580	$	(48,519	)	$	(7,610	)
Class R5
Shares		2,252		423		(2,215	)		460			3,249		155		(2,385	)		1,019
Amount	$	57,856	$	10,493	$	(58,006	)	$	10,343		$	76,066	$	3,421	$	(53,953	)	$	25,534
Class Y
Shares		4,534		5,064		(23,033	)		(13,435	)		8,116		2,484		(21,917	)		(11,317	)
Amount	$	117,995	$	125,197	$	(609,176	)	$	(365,984	)	$	183,802	$	53,965	$	(505,294	)	$	(267,527	)
Total
Shares		37,867		24,102		(64,436	)		(2,467	)		44,936		10,109		(73,187	)		(18,142	)
Amount	$	973,715	$	587,190	$	(1,673,022	)	$	(112,117	)	$	1,028,579	$	216,405	$	(1,668,315	)	$	(423,331	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		348	$	8,954
For the Year Ended October 31, 2013		375	$	8,597

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in

21

The Hartford Dividend and Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

22

The Hartford Dividend and Growth Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of  Period		Net  Investment  Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from  Realized  Capital  Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of  Expenses  to  Average  Net  Assets  After  Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	25.28	$	0.36	$	3.43	$	3.79	$	(0.36	)	$	(1.66	)	$	(2.02	)	$	27.05		16.01	%	$	3,780,786		1.02	%		1.02	%		1.40	%
B		24.88		0.13		3.35		3.48		(0.11	)		(1.66	)		(1.77	)		26.59		14.91			74,126		1.96			1.94			0.50
C		24.75		0.16		3.35		3.51		(0.18	)		(1.66	)		(1.84	)		26.42		15.12			467,932		1.77			1.77			0.65
I		25.20		0.41		3.42		3.83		(0.42	)		(1.66	)		(2.08	)		26.95		16.22			1,883,434		0.81			0.81			1.60
R3		25.49		0.28		3.45		3.73		(0.27	)		(1.66	)		(1.93	)		27.29		15.61			91,839		1.35			1.35			1.07
R4		25.60		0.36		3.47		3.83		(0.35	)		(1.66	)		(2.01	)		27.42		15.98			159,018		1.04			1.04			1.37
R5		25.66		0.44		3.48		3.92		(0.43	)		(1.66	)		(2.09	)		27.49		16.32			226,236		0.74			0.74			1.68
Y		25.67		0.47		3.48		3.95		(0.46	)		(1.66	)		(2.12	)		27.50		16.42			1,340,941		0.64			0.64			1.81
For the Year Ended October 31, 2013
A	$	20.87	$	0.36	$	4.75	$	5.11	$	(0.35	)	$	(0.35	)	$	(0.70	)	$	25.28		25.17	%	$	3,454,165		1.05	%		1.05	%		1.57	%
B		20.54		0.16		4.68		4.84		(0.15	)		(0.35	)		(0.50	)		24.88		24.08			98,179		2.00			1.95			0.71
C		20.45		0.19		4.65		4.84		(0.19	)		(0.35	)		(0.54	)		24.75		24.26			411,405		1.79			1.79			0.83
I		20.80		0.41		4.74		5.15		(0.40	)		(0.35	)		(0.75	)		25.20		25.48			1,581,081		0.83			0.83			1.79
R3		21.04		0.29		4.80		5.09		(0.29	)		(0.35	)		(0.64	)		25.49		24.79			87,399		1.35			1.35			1.27
R4		21.12		0.37		4.82		5.19		(0.36	)		(0.35	)		(0.71	)		25.60		25.21			139,811		1.05			1.05			1.58
R5		21.17		0.43		4.83		5.26		(0.42	)		(0.35	)		(0.77	)		25.66		25.57			199,409		0.75			0.75			1.85
Y		21.18		0.46		4.83		5.29		(0.45	)		(0.35	)		(0.80	)		25.67		25.68			1,596,519		0.65			0.65			1.99
For the Year Ended October 31, 2012 (D)
A	$	18.61	$	0.34	$	2.26	$	2.60	$	(0.34	)	$	–		$	(0.34	)	$	20.87		14.07	%	$	2,942,844		1.08	%		1.08	%		1.69	%
B		18.32		0.17		2.21		2.38		(0.16	)		–			(0.16	)		20.54		13.03			108,710		2.02			1.95			0.84
C		18.25		0.18		2.22		2.40		(0.20	)		–			(0.20	)		20.45		13.20			340,069		1.82			1.82			0.94
I		18.56		0.40		2.23		2.63		(0.39	)		–			(0.39	)		20.80		14.30			1,341,707		0.81			0.81			1.96
R3		18.76		0.28		2.29		2.57		(0.29	)		–			(0.29	)		21.04		13.77			72,926		1.36			1.35			1.40
R4		18.84		0.34		2.29		2.63		(0.35	)		–			(0.35	)		21.12		14.04			122,160		1.05			1.05			1.68
R5		18.88		0.39		2.30		2.69		(0.40	)		–			(0.40	)		21.17		14.39			142,940		0.75			0.75			1.99
Y		18.88		0.41		2.31		2.72		(0.42	)		–			(0.42	)		21.18		14.55			1,556,898		0.65			0.65			2.08
For the Year Ended October 31, 2011
A	$	17.93	$	0.27	$	0.67	$	0.94	$	(0.26	)	$	–		$	(0.26	)	$	18.61		5.22	%	$	2,791,444		1.08	%		1.08	%		1.42	%
B		17.64		0.10		0.66		0.76		(0.08	)		–			(0.08	)		18.32		4.32			137,071		2.01			1.96			0.55
C		17.58		0.13		0.66		0.79		(0.12	)		–			(0.12	)		18.25		4.49			309,846		1.83			1.83			0.68
I		17.87		0.32		0.68		1.00		(0.31	)		–			(0.31	)		18.56		5.60			1,428,333		0.80			0.80			1.69
R3		18.08		0.22		0.67		0.89		(0.21	)		–			(0.21	)		18.76		4.94			57,684		1.37			1.35			1.14
R4		18.14		0.28		0.69		0.97		(0.27	)		–			(0.27	)		18.84		5.32			79,535		1.06			1.05			1.43
R5		18.18		0.34		0.68		1.02		(0.32	)		–			(0.32	)		18.88		5.62			101,281		0.76			0.75			1.75
Y		18.18		0.36		0.68		1.04		(0.34	)		–			(0.34	)		18.88		5.71			1,111,199		0.66			0.66			1.84

See Portfolio Turnover information on the next page.

23

The Hartford Dividend and Growth Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of  Period		Net  Investment  Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from  Realized  Capital  Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of  Expenses  to  Average  Net  Assets  After  Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	16.03	$	0.25	$	1.90	$	2.15	$	(0.25	)	$	–	$	(0.25	)	$	17.93		13.46	%	$	2,850,636		1.11	%		1.11	%		1.46	%
B		15.76		0.11		1.86		1.97		(0.09	)		–		(0.09	)		17.64		12.54			182,506		2.02			1.97			0.63
C		15.72		0.12		1.86		1.98		(0.12	)		–		(0.12	)		17.58		12.65			314,729		1.85			1.85			0.71
I		15.98		0.29		1.90		2.19		(0.30	)		–		(0.30	)		17.87		13.78			1,129,059		0.82			0.82			1.71
R3		16.18		0.19		1.93		2.12		(0.22	)		–		(0.22	)		18.08		13.15			33,933		1.39			1.38			1.06
R4		16.22		0.25		1.93		2.18		(0.26	)		–		(0.26	)		18.14		13.51			57,684		1.07			1.06			1.46
R5		16.24		0.29		1.96		2.25		(0.31	)		–		(0.31	)		18.18		13.93			65,379		0.78			0.78			0.81
Y		16.25		0.32		1.93		2.25		(0.32	)		–		(0.32	)		18.18		13.96			1,018,263		0.67			0.67			1.88

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		23	%
For the Year Ended October 31, 2013		30
For the Year Ended October 31, 2012		28
For the Year Ended October 31, 2011		30
For the Year Ended October 31, 2010		33

24

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Dividend and Growth Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Dividend and Growth Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

25

The Hartford Dividend and Growth Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

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The Hartford Dividend and Growth Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

27

The Hartford Dividend and Growth Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

28

The Hartford Dividend and Growth Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

29

The Hartford Dividend and Growth Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning  Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid  during the period April 30, 2014 through October 31, 2014		Beginning Account Value  April 30, 2014		Ending Account Value October 31, 2014		Expenses paid  during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days  in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,057.90	$	5.30	$	1,000.00	$	1,020.06	$	5.20		1.02	%	184	365
Class B	$	1,000.00	$	1,052.90	$	10.03	$	1,000.00	$	1,015.44	$	9.85		1.94		184	365
Class C	$	1,000.00	$	1,053.90	$	9.13	$	1,000.00	$	1,016.32	$	8.96		1.76		184	365
Class I	$	1,000.00	$	1,058.90	$	4.23	$	1,000.00	$	1,021.10	$	4.15		0.81		184	365
Class R3	$	1,000.00	$	1,056.00	$	7.00	$	1,000.00	$	1,018.39	$	6.88		1.35		184	365
Class R4	$	1,000.00	$	1,057.80	$	5.42	$	1,000.00	$	1,019.93	$	5.32		1.05		184	365
Class R5	$	1,000.00	$	1,059.20	$	3.87	$	1,000.00	$	1,021.45	$	3.80		0.75		184	365
Class Y	$	1,000.00	$	1,059.70	$	3.35	$	1,000.00	$	1,021.95	$	3.29		0.65		184	365

30

The Hartford Dividend and Growth Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Dividend and Growth Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

31

The Hartford Dividend and Growth Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) - (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period and the 3^rd quintile for the 3-and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period, in line with its benchmark for the 3-year period and below its benchmark for the 5-year period.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

32

The Hartford Dividend and Growth Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) - (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile of its expense group. The Board noted that the Fund has an automatically renewable contractual expense cap on certain share classes.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

33

The Hartford Dividend and Growth Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) - (continued)

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

34

The Hartford Dividend and Growth Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Dividend Paying Security Investment Risk: Dividends are not guaranteed and are subject to change. Dividend paying securities as a group can fall out of favor with the market, causing the Fund to underperform.

35

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-DG14 12/14 113970-3 Printed in U.S.A.

HARTFORDFUNDS

HARTFORD DURATION-HEDGED STRATEGIC INCOME FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

Hartford Duration-Hedged Strategic Income Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	8
Statement of Operations for the Period November 29, 2013 (commencement of operations) through October 31, 2014	9
Statement of Changes in Net Assets for the Period November 29, 2013 (commencement of operations) through October 31, 2014	10
Notes to Financial Statements	11
Financial Highlights	20
Report of Independent Registered Public Accounting Firm	21
Directors and Officers (Unaudited)	22
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	24
Quarterly Portfolio Holdings Information (Unaudited)	24
Federal Tax Information (Unaudited)	25
Expense Example (Unaudited)	26
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	27
Main Risks (Unaudited)	31

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

Hartford Duration-Hedged Strategic Income Fund inception 11/29/2013
(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide current income and long-term total return while seeking to reduce exposure to interest rate risk.

Performance Overview 11/29/13 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes. 

Cumulative Returns (as of 10/31/14)

	Since Inception▲
Duration-Hedged Strategic Income A#		2.17	%
Duration-Hedged Strategic Income A##		-2.43	%
Duration-Hedged Strategic Income C#		1.60	%
Duration-Hedged Strategic Income C##		0.61	%
Duration-Hedged Strategic Income I#		2.45	%
Duration-Hedged Strategic Income R3#		1.83	%
Duration-Hedged Strategic Income R4#		2.10	%
Duration-Hedged Strategic Income R5#		2.38	%
Duration-Hedged Strategic Income Y#		2.47	%
Barclays U.S. Aggregate Bond Index		4.53	%

▲	Inception: 11/29/2013. Cumulative returns not annualized.
#	Without sales charge
##	With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index. 

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

Hartford Duration-Hedged Strategic Income Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Duration-Hedged Strategic Income Class A		1.15	%		1.15	%
Duration-Hedged Strategic Income Class C		1.90	%		1.90	%
Duration-Hedged Strategic Income Class I		0.90	%		0.90	%
Duration-Hedged Strategic Income Class R3		1.45	%		1.45	%
Duration-Hedged Strategic Income Class R4		1.15	%		1.15	%
Duration-Hedged Strategic Income Class R5		0.85	%		0.85	%
Duration-Hedged Strategic Income Class Y		0.75	%		0.75	%

* As shown in the Fund's most recent prospectus. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for November 29, 2013 (commencement of operations) through October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Campe Goodman, CFA	Lucius T. Hill, III	Joseph F. Marvan, CFA
Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of the Hartford Duration-Hedged Strategic Income Fund returned 2.17%, before sales charge, for the period from November 29, 2013 (commencement of operations) through October 31, 2014, underperforming the Fund’s benchmark, the Barclays U.S. Aggregate Bond Index, which returned 4.53% for the same period. The Fund also underperformed the 5.23% average return of the Lipper Multi-Sector Income Funds peer group, a group of funds that seeks current income by allocating assets among several different fixed income securities sectors (with no more than 65% in any one sector except for defensive purposes), including U.S. government and foreign governments, with a significant portion of assets in securities rated below investment-grade.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter market fears that a change from a historical inflationary environment would be delayed. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter gross domestic product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, allowing the Fed to maintain an accommodative stance.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

The Fund seeks to achieve its goal by investing primarily in Class Y shares of The Hartford Strategic Income Fund (“Underlying Fund”).  The Fund also seeks to reduce its exposure to interest rate risk by hedging much of the Fund’s duration through the use of derivative transactions. During the period, we continued to position the Underlying Fund with an overweight to credit sectors, including high yield credit, bank loans, and emerging market debt. The relative underperformance during the period was largely driven by the Fund’s low structural duration relative to the benchmark due to the Fund’s hedge as rates declined over the period as well an allocation to developed non-U.S. dollar denominated debt, which detracted from relative results as the dollar strengthened over the period. Additionally, security selection within taxable municipals and an underweight to investment grade industrials detracted from relative returns. Security selection within high yield credit, specifically industrials, and an out-of-benchmark allocation to bank loans contributed positively to benchmark-relative performance as higher

3

Hartford Duration-Hedged Strategic Income Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

yielding securities embraced the Fed’s forward guidance that continued to be accommodating and improving U.S. economic data. We tactically managed exposures to investment grade credit and high yield through credit default swap index exposure which contributed positively to performance overall. The Fund’s allocation to bank loans, emphasizing the high and middle quality portions of the market, was based on strong credit fundamentals and reasonable valuations. The bank loan sector generated strong performance for the period and contributed significantly to benchmark-relative results. Mortgage backed securities (MBS) exposure, particularly an allocation to non-agency MBS, and commercial mortgage backed securities (CMBS) also contributed positively to relative results.

What is the outlook?

At the end of the period, we maintained a moderately pro-cyclical risk posture as we see continued positive U.S. economic momentum, underpinned by still supportive monetary policy, improved investment spending, and much less fiscal drag compared to 2013. We continue to maintain a favorable outlook on global high yield based on low default expectations and positive corporate fundamentals. Within bank loans, we believe that overall credit fundamentals remain strong despite some lower-quality first-time issuers entering the market. We expect short-term interest rates to move higher as the Fed shifts to tighter U.S. monetary policy.

At the end of the period, we maintained underweights to the front-end and long-end of the yield curve and maintained a structural emphasis on higher income-producing sectors such as bank loans, emerging market debt, non-agency MBS, CMBS, and high yield. We expect economic growth and increasing inflation expectations to put upward pressure on interest rates. Therefore, we positioned the portfolio with a short duration bias relative to the duration-hedged benchmark at the end of the period. At the end of the period, the Fund’s effective duration was -1.18 years.

Composition by Investments

as of October 31, 2014

Fund Name	Percentage of Net Assets
JP Morgan Prime Money Market Fund		3.3	%
The Hartford Strategic Income Fund		95.3
Other Assets and Liabilities		1.4
Total		100.0	%

4

Hartford Duration-Hedged Strategic Income Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Affiliated Investment Companies - 95.3%
Taxable Fixed Income Funds - 95.3%
	1,293	The Hartford Strategic Income Fund			$	12,024
		Total Taxable Fixed Income Funds
		(Cost $11,972)			$	12,024
		Total Investments in Affiliated Investment Companies
		(Cost $11,972)			$	12,024
		Total Long-Term Investments
		(Cost $11,972)			$	12,024
Short-Term Investments - 3.3%
Other Investment Pools and Funds - 3.3%
	419	JP Morgan Prime Money Market Fund			$	419
		Total Short-Term Investments
		(Cost $419)			$	419
		Total Investments
		(Cost $12,391) ▲	98.6	%	$	12,443
		Other Assets and Liabilities	1.4	%		175
		Total Net Assets	100.0	%	$	12,618

The accompanying notes are an integral part of these financial statements.

5

Hartford Duration-Hedged Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $12,391 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	52
Unrealized Depreciation		—
Net Unrealized Appreciation	$	52

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
Futures contracts	$	88	$	–
Total	$	88	$	–

Futures Contracts Outstanding at October 31, 2014

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Short position contracts:
U.S. Treasury 10-Year Note Future		23	12/19/2014	$	2,890	$	2,906	$	–	$	(16	)	$	6	$	–
U.S. Treasury 2-Year Note Future		14	12/31/2014		3,067		3,074		–		(7	)		1		–
U.S. Treasury 5-Year Note Future		29	12/31/2014		3,441		3,464		–		(23	)		5		–
U.S. Treasury CME Ultra Long Term Bond Future		1	12/19/2014		154		157		–		(3	)		1		–
U.S. Treasury Long Bond Future		14	12/19/2014		1,944		1,975		–		(31	)		6		–
Total								$	–	$	(80	)	$	19	$	–

* The number of contracts does not omit 000's.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

6

Hartford Duration-Hedged Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1		Level 2		Level 3
Assets:
Affiliated Investment Companies	$	12,024	$	12,024	$	–	$	–
Short-Term Investments		419		419		–		–
Total	$	12,443	$	12,443	$	–	$	–
Liabilities:
Futures *	$	80	$	80	$	–	$	–
Total	$	80	$	80	$	–	$	–

♦	For the period November 29, 2013 (commencement of operations) through October 31, 2014, there were no transfers between Level 1 and Level 2.
*	Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

7

Hartford Duration-Hedged Strategic Income Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $419)	$	419
Investments in affiliated investment companies, at market value (cost $11,972)		12,024
Cash		88	*
Receivables:
Investment securities sold		63
Fund shares sold		23
Dividends and interest		—
Variation margin on financial derivative instruments		19
Other assets		73
Total assets		12,709
Liabilities:
Bank overdraft		12
Payables:
Fund shares redeemed		66
Investment management fees		—
Dividends		—
Administrative fees		—
Distribution fees		1
Accrued expenses		12
Total liabilities		91
Net assets	$	12,618
Summary of Net Assets:
Capital stock and paid-in-capital	$	12,847
Undistributed net investment income		2
Accumulated net realized loss		(203	)
Unrealized depreciation of investments		(28	)
Net assets	$	12,618
Shares authorized		450,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.90/$10.37
Shares outstanding		734
Net assets	$	7,266
Class C: Net asset value per share	$	9.90
Shares outstanding		184
Net assets	$	1,824
Class I: Net asset value per share	$	9.90
Shares outstanding		46
Net assets	$	458
Class R3: Net asset value per share	$	9.90
Shares outstanding		41
Net assets	$	407
Class R4: Net asset value per share	$	9.90
Shares outstanding		41
Net assets	$	408
Class R5: Net asset value per share	$	9.90
Shares outstanding		41
Net assets	$	410
Class Y: Net asset value per share	$	9.90
Shares outstanding		186
Net assets	$	1,845

* Cash of $88 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

8

Hartford Duration-Hedged Strategic Income Fund

Statement of Operations

For the Period November 29, 2013 (commencement of operations) through  October 31, 2014

(000’s Omitted)

Investment Income:
Dividends from affiliated investment companies	$	337
Interest		—
Total investment income		337
Expenses:
Investment management fees		8
Administrative services fees
Class R3		1
Class R4		1
Class R5		—
Transfer agent fees
Class A		6
Class C		—
Class I		—
Class Y		—
Distribution fees
Class A		11
Class C		8
Class R3		2
Class R4		1
Custodian fees		1
Accounting services fees		1
Registration and filing fees		93
Board of Directors' fees		1
Audit fees		11
Other expenses		15
Total expenses (before waivers)		160
Expense waivers		(125	)
Total waivers		(125	)
Total expenses, net		35
Net Investment Income		302
Net Realized Loss on Investments and Other Financial Instruments:
Net realized gain on investments in affiliated investment companies		31
Net realized loss on futures contracts		(234	)
Net Realized Loss on Investments and Other Financial Instruments		(203	)
Net Changes in Unrealized Depreciation of Investments and Other Financial Instruments:
Net unrealized appreciation of investments in affiliated investment companies		52
Net unrealized depreciation of futures contracts		(80	)
Net Changes in Unrealized Depreciation of Investments and Other Financial Instruments		(28	)
Net Loss on Investments and Other Financial Instruments		(231	)
Net Increase in Net Assets Resulting from Operations	$	71

The accompanying notes are an integral part of these financial statements.

9

Hartford Duration-Hedged Strategic Income Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Period November 29, 2013* through October 31, 2014
Operations:
Net investment income	$	302
Net realized loss on investments and other financial instruments		(203	)
Net unrealized depreciation of investments and other financial instruments		(28	)
Net Increase in Net Assets Resulting from Operations		71
Distributions to Shareholders:
From net investment income
Class A		(158	)
Class C		(25	)
Class I		(15	)
Class R3		(11	)
Class R4		(13	)
Class R5		(14	)
Class Y		(64	)
Total distributions		(300	)
Capital Share Transactions:
Class A		7,421
Class C		1,858
Class I		465
Class R3		411
Class R4		413
Class R5		414
Class Y		1,865
Net increase from capital share transactions		12,847
Net Increase in Net Assets		12,618
Net Assets:
Beginning of period		—
End of period	$	12,618
Undistributed (distributions in excess of) net investment income	$	2

* Commencement of operations.

The accompanying notes are an integral part of these financial statements.

10

Hartford Duration-Hedged Strategic Income Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for Hartford Duration-Hedged Strategic Income Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

The Fund, as a "Fund of Funds," seeks its investment goal through investment in Class Y shares of The Hartford Strategic Income Fund ("Affiliated Investment Company") and may also invest in one or more unaffiliated money market funds (together with the Affiliated Investment Company, the "Underlying Funds").

Significant Accounting Policies:

The significant accounting policies of the Affiliated Investment Companies are outlined in the shareholder reports for such funds, available (1) without charge, upon request, by calling 888-843-7824, (2) on our website www.hartfordfunds.com and (3) on the SEC’s website at www.sec.gov. The reports may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The significant accounting policies of the Affiliated Investment Companies are not covered by this report.

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – Investments in open-end mutual funds are valued at the respective NAV of each Underlying Fund as determined as of the NYSE Close on the Valuation Date. The Fund generally uses market prices in valuing the remaining portfolio investments. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company’s Board of Directors.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not

11

Hartford Duration-Hedged Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income is accrued on the ex-dividend date. Income and capital gain distributions from the Underlying Funds are accrued on the ex-dividend date. Interest income is accrued on a daily basis.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

12

Hartford Duration-Hedged Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income, if any, monthly and realized gains, if any, at least once a year. Long-term capital gain distributions are distributed by the Underlying Funds at least annually, when required. Unless shareholders specify otherwise, all dividends and distributions will be automatically reinvested in additional full or fractional shares of the Fund.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of period-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the period are disclosed in the Statement of Operations.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Variation margin receivable *	$	19	$	—	$	—	$	—	$	—	$	—	$	19
Total	$	19	$	—	$	—	$	—	$	—	$	—	$	19

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative depreciation of $(80) as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the period November 29, 2013 (commencement of operations) through October 31, 2014.

13

Hartford Duration-Hedged Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Effect of Derivative Instruments on the Statement of Operations for the period November 29, 2013 (commencement of operations) through October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Loss on Derivatives Recognized as a Result of Operations:
Net realized loss on futures contracts	$	(234	)	$	—	$	—	$	—	$	—	$	—	$	(234	)
Total	$	(234	)	$	—	$	—	$	—	$	—	$	—	$	(234	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of futures contracts	$	(80	)	$	—	$	—	$	—	$	—	$	—	$	(80	)
Total	$	(80	)	$	—	$	—	$	—	$	—	$	—	$	(80	)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Received		Cash Collateral Received			Net Amount (not less than $0)
Description
Futures contracts - variation margin receivable	$	19	$	—	$	—	$	—	♦	$	19
Total subject to a master netting or similar arrangement	$	19	$	—	$	—	$	—		$	19

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

♦ The Fund has pledged $88 as collateral for open futures contracts held at October 31, 2014.

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund is exposed to the risks of the Underlying Funds in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. The market values of the Underlying Funds may decline due to general market conditions which are not specifically related to a particular company in which the Underlying Fund invested, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities in which the Underlying Funds invest may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net

14

Hartford Duration-Hedged Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014 *
Ordinary Income	$	300

* Commenced operations on November 29, 2013.

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:

	Amount
Undistributed Ordinary Income	$	2
Accumulated Capital and Other Losses*		(283	)
Unrealized Appreciation†		52
Total Accumulated Deficit	$	(229	)

*	The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.
†	Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010 funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

	Amount
Short-Term Capital Loss Carryforward	$	94
Long-Term Capital Loss Carryforward		189
Total	$	283

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

15

Hartford Duration-Hedged Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.100%
On next $500 million	0.090%
On next $1.5 billion	0.085%
On next $2.5 billion	0.080%
On next $2.5 billion	0.075%
On next $2.5 billion	0.070%
Over $10 billion	0.065%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.014%
On next $5 billion	0.012%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.15%	1.90%	0.90%	1.45%	1.15%	0.85%	0.75%

Contractual limitations for total operating expenses include expenses incurred as the result of investing in other investment companies including the Underlying Funds. Amounts incurred which exceed the above limits are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the period November 29, 2013 (commencement of operations) through October 31, 2014, HFD received front-end load sales charges of $3 and contingent deferred sales charges of an amount which rounds to zero from the Fund. 

16

Hartford Duration-Hedged Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the period November 29, 2013 (commencement of operations) through October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class A		17	%		10	%
Class C		22			3
Class I		89			3
Class R3		100			3
Class R4		100			3
Class R5		100			3
Class Y		100			15

Investment Transactions:

For the period November 29, 2013 (commencement of operations) through October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	14,241	$	—	$	14,241
Sales Proceeds		2,300		—		2,300

17

Hartford Duration-Hedged Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the period November 29, 2013 (commencement of operations) through October 31, 2014:

	For the Period Ended October 31, 2014
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		930		16		(212	)		734
Amount	$	9,367	$	158	$	(2,104	)	$	7,421
Class C
Shares		184		2		(2	)		184
Amount	$	1,856	$	25	$	(23	)	$	1,858
Class I
Shares		48		1		(3	)		46
Amount	$	481	$	15	$	(31	)	$	465
Class R3
Shares		40		1		—			41
Amount	$	400	$	11	$	—		$	411
Class R4
Shares		40		1		—			41
Amount	$	400	$	13	$	—		$	413
Class R5
Shares		40		1		—			41
Amount	$	400	$	14	$	—		$	414
Class Y
Shares		180		6		—			186
Amount	$	1,801	$	64	$	—		$	1,865
Total
Shares		1,462		28		(217	)		1,273
Amount	$	14,705	$	300	$	(2,158	)	$	12,847

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the period November 29, 2013 (commencement of operations) through October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to

18

Hartford Duration-Hedged Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

19

Hartford Duration-Hedged Strategic Income Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C),(D)			Ratio of Expenses to Average Net Assets After Adjust- ments(C),(D)			Ratio of Net Investment Income (Loss) to Average Net Assets(D)
From November 29, 2013 (commencement of operations), through October 31, 2014
A(E)	$	10.00	$	0.34	$	(0.12	)	$	0.22	$	(0.32	)	$	–	$	(0.32	)	$	9.90		2.17	%(F)	$	7,266		1.87	%(G)		0.41	%(G)		3.60	%(G)
C(E)		10.00		0.29		(0.13	)		0.16		(0.26	)		–		(0.26	)		9.90		1.60	(F)		1,824		2.55	(G)		1.09	(G)		3.02	(G)
I(E)		10.00		0.35		(0.10	)		0.25		(0.35	)		–		(0.35	)		9.90		2.45	(F)		458		1.62	(G)		0.16	(G)		3.72	(G)
R3(E)		10.00		0.29		(0.10	)		0.19		(0.29	)		–		(0.29	)		9.90		1.83	(F)		407		2.32	(G)		0.86	(G)		3.01	(G)
R4(E)		10.00		0.31		(0.10	)		0.21		(0.31	)		–		(0.31	)		9.90		2.10	(F)		408		2.02	(G)		0.56	(G)		3.31	(G)
R5(E)		10.00		0.34		(0.10	)		0.24		(0.34	)		–		(0.34	)		9.90		2.38	(F)		410		1.72	(G)		0.26	(G)		3.60	(G)
Y(E)		10.00		0.35		(0.10	)		0.25		(0.35	)		–		(0.35	)		9.90		2.47	(F)		1,845		1.62	(G)		0.16	(G)		3.70	(G)

(A)	Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.
(B)	Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.
(C)	Adjustments include waivers and reimbursements, if applicable.
(D)	Ratios do not include expenses of the Underlying Funds and/or other investment companies, if applicable.
(E)	Commenced operations on November 29, 2013.
(F)	Not annualized.
(G)	Annualized.

	Portfolio Turnover Rate for All Share Classes
From November 29, 2013 (commencement of operations) through October 31, 2014		27	%(A)

(A) Not annualized.

20

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Hartford Duration-Hedged Strategic Income Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations, the statement of changes in net assets, and the financial highlights for the period from November 29, 2013 (commencement of operations) to October 31, 2014. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audit. 

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Hartford Duration-Hedged Strategic Income Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations, the changes in its net assets, and the financial highlights for the period from November 29, 2013 (commencement of operations) to October 31, 2014, in conformity with U.S. generally accepted accounting principles.

 

Minneapolis, Minnesota

December 18, 2014

21

Hartford Duration-Hedged Strategic Income Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

22

Hartford Duration-Hedged Strategic Income Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

23

Hartford Duration-Hedged Strategic Income Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

24

Hartford Duration-Hedged Strategic Income Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

25

Hartford Duration-Hedged Strategic Income Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio(A)			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	996.80	$	2.62	$	1,000.00	$	1,022.58	$	2.65		0.52	%		184		365
Class C	$	1,000.00	$	994.90	$	6.08	$	1,000.00	$	1,019.11	$	6.16		1.21			184		365
Class I	$	1,000.00	$	998.50	$	0.81	$	1,000.00	$	1,024.40	$	0.82		0.16			184		365
Class R3	$	1,000.00	$	995.10	$	4.32	$	1,000.00	$	1,020.87	$	4.38		0.86			184		365
Class R4	$	1,000.00	$	996.60	$	2.82	$	1,000.00	$	1,022.38	$	2.85		0.56			184		365
Class R5	$	1,000.00	$	998.10	$	1.31	$	1,000.00	$	1,023.90	$	1.33		0.26			184		365
Class Y	$	1,000.00	$	998.60	$	0.81	$	1,000.00	$	1,024.40	$	0.82		0.16			184		365

(A) Ratios do not include expenses of the Underlying Funds and/or other investment companies, if applicable.

26

Hartford Duration-Hedged Strategic Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for Hartford Duration-Hedged Strategic Income Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

27

Hartford Duration-Hedged Strategic Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund since inception and evaluated HFMC’s analysis of the Fund’s performance since inception, noting that the Fund invests primarily in Class Y shares of the Hartford Strategic Income Fund. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the period since its inception. The Board also noted that the Fund’s performance (gross of fees) was above its benchmark since its inception.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

28

Hartford Duration-Hedged Strategic Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of

29

Hartford Duration-Hedged Strategic Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

30

Hartford Duration-Hedged Strategic Income Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fund of Funds Risk:The Fund invests primarily in an Underlying Fund, The Hartford Strategic Income Fund. The ability of that Fund to meet its investment objective is directly related to the ability of the Underlying Fund to meet its objectives as well as the sub-adviser's allocation to the Underlying Fund.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price) and call risk (the risk that an investment may be redeemed early). These risks also apply to the Fund’s investments in U.S. government securities, which may not be guaranteed by the U.S. government.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Loan Risk: The Fund’s investments in loans may at times become difficult to value and highly illiquid; they are subject to credit risk such as nonpayment of principal or interest, and risks of bankruptcy and insolvency.

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool. 

Foreign Investment, Emerging Markets and Sovereign Debt Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. Sovereign debt investments are subject to credit risk and the risk of default.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

31

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-DHSI14 12/14 115856-1 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD EMERGING  
MARKETS LOCAL DEBT FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Emerging Markets Local Debt Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	6
Statement of Assets and Liabilities at October 31, 2014	19
Statement of Operations for the Year Ended October 31, 2014	21
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	22
Notes to Financial Statements	23
Financial Highlights	38
Report of Independent Registered Public Accounting Firm	40
Directors and Officers (Unaudited)	41
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	43
Quarterly Portfolio Holdings Information (Unaudited)	43
Federal Tax Information (Unaudited)	44
Expense Example (Unaudited)	45
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	46
Main Risks (Unaudited)	50

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Emerging Markets Local Debt Fund inception 05/31/2011

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks capital appreciation and income.

Performance Overview 5/31/11- 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year		Since Inception▲
Emerging Markets Local Debt  A#		-1.10%		0.85%
Emerging Markets Local Debt  A##		-5.55%		-0.50%
Emerging Markets Local Debt  C#		-1.85%		0.09%
Emerging Markets Local Debt  C##		-2.80%		0.09%
Emerging Markets Local Debt  I#		-0.91%		1.07%
Emerging Markets Local Debt  R3#		-1.38%		0.51%
Emerging Markets Local Debt  R4#		-1.09%		0.81%
Emerging Markets Local Debt  R5#		-0.89%		1.11%
Emerging Markets Local Debt  Y#		-0.74%		1.08%
JP Morgan GBI Emerging Markets Global Diversified Index		-2.68%		-0.11%

▲ Inception: 05/31/2011

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

JP Morgan GBI Emerging Markets Global Diversified Index tracks local currency bonds issued by Emerging Markets governments. It is an investable index that includes only those countries that are directly accessible by most of the international investor base. The index excludes countries with explicit capital controls, but does not factor in regulatory/tax hurdles in assessing eligibility.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Emerging Markets Local Debt Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net		Gross
Emerging Markets Local Debt  Class A		1.25%		1.49%
Emerging Markets Local Debt  Class C		2.00%		2.22%
Emerging Markets Local Debt  Class I		1.00%		1.25%
Emerging Markets Local Debt  Class R3		1.55%		1.84%
Emerging Markets Local Debt  Class R4		1.25%		1.54%
Emerging Markets Local Debt  Class R5		0.95%		1.24%
Emerging Markets Local Debt  Class Y		0.90%		1.14%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense waivers/reimbursements in instances when these reductions reduce the Fund's gross expenses. Certain contractual waivers/reimbursements remain in effect until February 28, 2015. Other contractual waivers/reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
James W. Valone, CFA	Tieu-Bich Nguyen, CFA
Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Credit Analyst

How did the Fund perform?

The Class A shares of The Hartford Emerging Markets Local Debt Fund returned -1.10%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the JP Morgan GBI Emerging Markets Global Diversified Index, which returned -2.68% for the same period. The Fund also outperformed the -2.21% average return of the Lipper Emerging Markets Local Currency Debt Funds peer group, a group of funds that seek either current income or total return by investing at least 65% of total assets in debt issues denominated in the currency of their market of issuance. "Emerging Market" is defined by a country's GNP per capita or other economic measures.

Why did the Fund perform this way?

Performance across the emerging markets fixed income sectors was mixed over the period. Local markets debt underperformed external sovereign debt during the period, with the JP Morgan GBI Emerging Markets Global Diversified Index generating total returns of -2.68% in U.S. Dollar (USD) terms. Depreciation of Emerging Markets (EM) currencies versus the USD detracted from overall performance outweighing the positive contribution from decreases in interest rates and coupon income. The USD rallied versus most currencies as policy tightening expectations and strong domestic data continued to support the USD. The first half of the period was volatile as a modest slowdown in China's economic growth and manufacturing activity and idiosyncratic developments in individual EM countries put pressure on EM fixed income markets. The adjustments made by several EM countries in response to the earlier sell-off boosted their credibility amongst investors helping to stabilize EM markets. Geopolitical events in Russia and Ukraine came into and remained in the spotlight during the period. From a country perspective, Nigeria, Mexico, and Thailand were the best performers in the Index while Russia, the Philippines, and Colombia lagged.

Emerging market corporate debt finished the period with a return of 6.92% as measured by the JP Morgan CEMBI Broad Diversified Index. Credit spreads tightened by 0.24% since the beginning of the period to 3.08% by the end of the period.

Within the Fund, during the period, currency effect and security selection contributed positively to benchmark-relative performance, while duration strategies detracted from overall performance. Currency positioning was the main driver of positive relative performance during the period. The Fund’s structural allocation to corporate bonds had no impact on relative performance as generally speaking corporate bonds performed in line with the local rates component of the JP Morgan GBI Emerging Markets Global Diversified Index. However, contribution from country rotation strategies was negative, outweighing the modestly positive contribution from security selection of the corporate bonds in the Fund versus the EM corporate market (JP Morgan CEMBI Broad Diversified Index).

In Russia, both an underweight duration exposure later in the period and an underweight exposure to Russian ruble contributed to overall performance. We remained cautious on Russia due to elevated geopolitical and sanctions risk stemming from the ongoing conflict with Ukraine. In Brazil, an underweight exposure to Brazilian real contributed to overall performance. We remained cautious on the Brazilian real as there is scope for further depreciation as, in our view, the economic outlook remains negative and the government will take time to regain policy credibility. In Mexico, security selection with exposure to corporate issues in the industrial and financial sectors as well as a positioning in the Mexican peso contributed to overall performance. Our duration positioning modestly detracted. We have been reducing our duration exposure in Mexico and moved to an underweight as we find the monetary policy too expansionary at this stage of the economic cycle.

3

The Hartford Emerging Markets Local Debt Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

In contrast, short duration exposure in Czech Republic and negative security selection via paying fixed interest rate swaps on the long end of the yield curve, taken due to our negative valuation assessment of yields in the country in the context of inflation trends, detracted from overall performance. In Poland, an underweight duration exposure detracted from overall performance. We are cautious on local debt in Poland given the rich valuations in our view. In Thailand, an underweight duration exposure and negative security selection, namely an underweight to short- and mid-dated local sovereign debt, hurt results. We remained underweight on local debt in Thailand given the low yield level as growth is set to turn up on fiscal stimulus and improved confidence as the military appears to have restored social stability for now.

Our interest rate and credit positioning is primarily implemented through cash bond positions and derivatives such as interest rate and total return swaps and credit default swap contracts. We use local currency denominated cash bonds and currency forwards (deliverable and non-deliverable) to express our views on currency.

What is the outlook?

We expect diverging monetary policy trends across the major developed market central banks to continue to be a source of uncertainty for EM debt markets in the months ahead. We maintain our view that the U.S. Federal Reserve (Fed) will likely begin to raise interest rates in mid-2015 in response to stronger economic growth and rising wage pressures, though we expect the pace of rate hikes to be gradual. We believe recent economic weakness in Japan has prompted the Bank of Japan (BoJ) to surprise the market with an aggressive increase in monetary stimulus, and that the European Central Bank (ECB) may follow in the coming months as growth and inflation trends continue to deteriorate in that region. These offsetting policy trends, in our view, have important implications for the U.S. dollar (more strength) and commodity prices (continued weakness). We believe that the impact on EM countries, however, will vary from one country to the next, and we continue to emphasize fundamentals over valuations and expect that country differentiation will be an important source of alpha in the coming months. We expect EM fundamental trends, broadly speaking, to continue to stabilize, with the average country experiencing gradual improvements in fiscal management, current account balances, and reserves trends. The 2014 election cycle in many EM countries– one of the more active in recent memory – is largely behind us, and we believe the net outcome has generally tilted in favor of modestly positive reform momentum. We still expect negative headlines to dominate in certain countries like Russia, Ukraine, and Venezuela, for example, but we also see more positive improvement in countries like Indonesia, and India.

We ended the period with a close to neutral duration stance at the overall portfolio level on our expectation that we are likely to move into a rising interest rate environment over time, particularly if the U.S. continues to strengthen and if recent stimulus from other developed market banks begins to be more supportive of growth. Although EM growth has generally been soft, we do not see much evidence of excess slack in these economies, which we believe suggests that some markets will be more susceptible to rising rate pressures than others. We largely concentrate our underweights on those markets where yields are close to their lows and the longer term growth outlook is more constructive, such as Czech Republic and Malaysia. We continue to overweight duration in markets where we believe the level of yields is high, the curve is steep, and growth is weak – Brazil and Colombia. Broadly speaking, interest rates in Eastern Europe, ex-Czech Republic, are beginning to look more attractive, in our view, as softer developed European growth dampens near-term inflation risks. We remain cautious on Russia, however, due to elevated geopolitical and sanctions risk stemming from the ongoing conflict with Ukraine.

Although it appears that currency valuations look considerably more attractive after the September sell-off, we remain underweight EM currencies at the overall portfolio as we believe that divergent growth and monetary policy trends between the major developed market economies will prompt a period of USD strength. Latin currencies such as Colombian peso and the Uruguayan dollar are the most appealing, in our view, though we maintain a more cautious stance on the Brazilian real, where negative growth trends are a headwind. We believe Eastern European currencies, broadly speaking, are also vulnerable to weaker regional growth trends, though we have reduced the size of our underweight given improved prospects for quantitative easing from the ECB. We remain underweight Hungarian forint and Polish zloty. Here again we remain underweight the ruble, where we expect geopolitical tensions to weigh on the currency. What we view as big improvements in Turkey’s current account deficit, however, have prompted us to trim our underweight exposure in the lira. We have increased our exposure to Indian rupee for similar reasons. Low yielding Singapore dollar and Thai baht continue to be attractive funding currencies in our view, as are developed market currencies such as the Canadian dollar. We have a long U.S. dollar position in the portfolio based on our expectation of near-term dollar strength.

We are positioned with a neutral stance in EM corporate debt. The EM macro environment remains challenging due to rising U.S. treasury yields, weak EM growth, and ongoing adjustment process of macro imbalances. We believe fundamental trends are stable with the exception of Russia/Ukraine as corporates have adequate liquidity cushion and have proactively managed their balance sheet and liquidity in response to macro volatility. Geopolitical risks and governance highlight the importance of country selection. We believe sovereign risks (Russia, Ukraine, Turkey, Argentina) have been the more important drivers of EM Currency performance than idiosyncratic risks this year. Valuations appear fair but we see pockets of attractive opportunities in BBBs and high yield bonds. In

4

The Hartford Emerging Markets Local Debt Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

our view, valuation remains attractive versus Developed market spreads. Credit differentiation is critical to identify pockets of value in certain market segments. Our strategy remains focused on credit sectors that we believe have attractive fundamentals and valuations.

Credit Exposure
as of October 31, 2014
Credit Rating *	Percentage of Net Assets
Aaa/ AAA		0.2	%
Aa/ AA		1.7
A		15.0
Baa/ BBB		36.1
Ba/ BB		11.9
B		6.9
Caa/ CCC or Lower		1.1
Not Rated		21.2
Non-Debt Securities and Other Short-Term Instruments		3.9
Other Assets and Liabilities		2.0
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type
as of October 31, 2014
Category	Percentage of Net Assets
Fixed Income Securities
Corporate Bonds		31.1	%
Foreign Government Obligations		63.0
Total		94.1	%
Short-Term Investments		3.6
Purchased Options		0.3
Other Assets and Liabilities		2.0
Total		100.0	%

5

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 31.1%
		Barbados - 0.3%
		Columbus International, Inc.
$	1,000	7.38%, 03/30/2021 §	$	1,060
		Bermuda - 1.1%
		GCX Ltd.
	1,495	7.00%, 08/01/2019 ■		1,535
		GeoPark Latin America Ltd. Agencia en Chile
	270	7.50%, 02/11/2020 ■		286
	1,110	7.50%, 02/11/2020 §		1,177
		Klabin Finance S.A.
	500	5.25%, 07/16/2024 ■		489
				3,487
		Brazil - 2.1%
		Banco do Brasil S.A.
	680	9.00%, 06/18/2024 ■♠		669
	925	9.00%, 06/18/2024 §♠		909
		Cia Brasileira de Aluminio
	700	4.75%, 06/17/2024 ■		677
		OAS Investments GmbH
	545	8.25%, 10/19/2019 §		530
		Odbrcht Offshore Drilling Finance Ltd.
	1,898	6.75%, 10/01/2022 §		1,988
		Petrobras Global Finance Co.
	1,450	6.25%, 03/17/2024		1,542
		Tonon Luxembourg S.A.
	525	10.50%, 05/14/2024 §		491
				6,806
		British Virgin Islands - 1.1%
		HLP Finance Ltd.
	1,485	4.75%, 06/25/2022 §		1,521
		QGOG Atlantic/Alaskan Rigs Ltd.
	121	5.25%, 07/30/2018 ■		125
	704	5.25%, 07/30/2019 §		721
		Star Energy Geothermal
	940	6.13%, 03/27/2020 §		961
				3,328
		Cayman Islands - 0.7%
		Alliance Global Group, Inc.
	805	6.50%, 08/18/2017 §		865
		KWG Property Holding Ltd.
	750	8.98%, 01/14/2019 §		748
		UOB Cayman Ltd.
	600	5.80%, 03/15/2016 §♠Θ		610
				2,223
		Chile - 0.5%
		Bonos del Banco Central de Chile en Pesos
CLP	535,000	6.00%, 02/01/2016		963
		E CL S.A.
	700	5.63%, 01/15/2021 §		757
				1,720
		China - 1.4%
		CNPC General Capital
	1,000	3.95%, 04/19/2022 §		1,021
		CRCC Yupeng Ltd.
	1,550	3.95%, 08/01/2019 §♠		1,550
		Kaisa Group Holdings Ltd.
	970	10.25%, 01/08/2020 §		1,008
		Sinopec Group Overseas Development 2013 Ltd.
	350	4.38%, 10/17/2023 ■		366
	635	4.38%, 10/17/2023 §		663
				4,608
		Colombia - 1.4%
		Baco de Bogota S.A.
	775	5.38%, 02/19/2023 §		808
		Emgesa S.A.
COP	2,406,000	8.75%, 01/25/2021 §		1,254
		Empresa de Energia de Bogota
	910	6.13%, 11/10/2021 §		984
		Empresa de Telecomunicaciones de Bogota S.A.
COP	280,000	7.00%, 01/17/2023 ■		128
		Empresas Publicas de Medellin E.S.P.
COP	448,000	8.38%, 02/01/2021 §		232
		Pacific Rubiales Energy Corp.
	1,090	5.63%, 01/19/2025 ■		1,037
				4,443
		Hong Kong - 2.6%
		CLP Power HK Finance Ltd.
	1,000	4.25%, 11/07/2019 §♠		1,005
		First Pacific Co., Ltd.
	1,030	4.50%, 04/16/2023 §		986
		Hongkong (The) Land Finance Co., Ltd.
	850	4.50%, 10/07/2025		892
		Metropolitan Light International
	1,455	5.25%, 01/17/2018 §		1,462
		MIE Holdings Corp.
	1,440	7.50%, 04/25/2019 ■		1,411
		New World Development Co., Ltd.
	1,000	5.25%, 02/26/2021 §		1,046
		Smartone Finance Ltd.
	1,700	3.88%, 04/08/2023 §		1,561
				8,363
		India - 2.1%
		Bank of Baroda/London
	965	6.63%, 05/25/2022 §		994
		Bharti Airtel International
	1,085	5.13%, 03/11/2023 §		1,146
		ICICI Bank Ltd.
	1,485	6.38%, 04/30/2022 §		1,535
		Indian Oil Corp., Ltd.
	960	5.75%, 08/01/2023 §		1,046
		ONGC Videsh Ltd.
	1,060	3.75%, 05/07/2023 §‡		1,028
		Reliance Holdings USA, Inc.
	955	5.40%, 02/14/2022 §		1,040
				6,789
		Indonesia - 0.7%
		Berau Coal Energy Tbk
	990	7.25%, 03/13/2017 §		678
		Theta Capital Pte Ltd.
	1,400	6.13%, 11/14/2020 §		1,439
				2,117
		Israel - 1.1%
		Inkia Energy, Inc.
	1,180	8.38%, 04/04/2021 §		1,276
		Israel Electric Corp., Ltd.
	1,900	9.38%, 01/28/2020 §		2,348
				3,624

The accompanying notes are an integral part of these financial statements.

6

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 31.1% - (continued)
		Jamaica - 0.6%
		Digicel Group Ltd.
$	1,975	7.13%, 04/01/2022 ■	$	1,985
		Kazakhstan - 1.3%
		Halyk Savings Bank of Kazakhstan
	1,315	7.25%, 01/28/2021 §		1,409
		Kazakhstan Temir Zholy Finance B.V.
	755	6.38%, 10/06/2020 §		825
		Nostrum Oil & Gas Finance B.V.
	1,600	6.38%, 02/14/2019 ■		1,604
	425	6.38%, 02/14/2019 §		426
				4,264
		Luxembourg - 1.6%
		Altice Financing S.A.
	1,930	8.13%, 01/15/2024 §		2,031
		Cosan Luxembourg S.A.
	470	5.00%, 03/14/2023 ■		452
	225	5.00%, 03/14/2023 §		217
		European Investment Bank
ZAR	475	8.76%, 12/31/2018 ○		32
		Offshore Drilling Holding
	705	8.63%, 09/20/2020 ■		741
	1,500	8.63%, 09/20/2020 §		1,575
				5,048
		Malaysia - 0.2%
		Public Bank Bhd
	535	6.84%, 08/22/2036		551
		Mexico - 2.2%
		Alpek S.A. de C.V.
	345	5.38%, 08/08/2023 ■		366
	200	5.38%, 08/08/2023 §		212
		BBVA Bancomer S.A./Grand Cayman
	1,490	6.01%, 05/17/2022 §‡		1,555
		Credito Real S.A. de C.V.
	1,020	7.50%, 03/13/2019 §		1,076
		Empresas ICA S.A.B de C.V.
	1,540	8.88%, 05/29/2024 ■		1,563
		Mexichem S.A.B. de C.V.
	1,000	6.75%, 09/19/2042 §		1,095
		Tenedora Nemak S.A.
	970	5.50%, 02/28/2023 §		1,009
				6,876
		Netherlands - 1.8%
		Cimpor Financial Operations B.V.
	1,015	5.75%, 07/17/2024 ■		976
		FBN Finance Co. B.V.
	1,005	8.00%, 07/23/2021 ■		980
		Listrindo Capital B.V.
	890	6.95%, 02/21/2019 §		948
		VimpelCom Holdings B.V.
	900	7.50%, 03/01/2022 §		898
		VTR Finance B.V.
	1,305	6.88%, 01/15/2024 ■		1,370
	450	6.88%, 01/15/2024 §		472
				5,644
		Peru - 1.4%
		Banco de Credito del Peru/Panama
	896	6.88%, 09/16/2026 §‡		1,006
		Banco Internacional del Peru SAA
	850	6.63%, 03/19/2029 ■		922
	825	6.63%, 03/19/2029 §		895
		Cia Minera Milpo SAA
	960	4.63%, 03/28/2023 §		963
		Union Andina de Cementos SAA
	795	5.88%, 10/30/2021 ■		807
				4,593
		Philippines - 0.4%
		International Container Terminal Services, Inc.
	1,180	7.38%, 03/17/2020 §		1,338
		Singapore - 0.5%
		United Overseas Bank Ltd.
	1,395	3.75%, 09/19/2024 ╦§		1,408
		South Africa - 0.1%
		Eskom Holdings Ltd.
ZAR	2,060	10.63%, 08/18/2027 ○		48
ZAR	700	10.73%, 12/31/2032 ○		10
		Transnet Ltd.
ZAR	1,000	10.00%, 03/30/2029 §		88
				146
		South Korea - 0.5%
		Woori Bank
	1,505	4.75%, 04/30/2024 ■		1,560
		Thailand - 0.9%
		Krung Thai Bank PCL/Cayman Islands
	500	5.20%, 12/26/2024 §		516
		Krung Thai Bank Public Co., Ltd.
	875	7.38%, 10/10/2016 ♠		910
		PTT Exploration & Production PCL
	1,550	4.88%, 06/18/2019 ■♠		1,575
				3,001
		Turkey - 1.3%
		Turk Telekomunikasyon A.S.
	1,055	4.88%, 06/19/2024 ■		1,047
		Turkiye Halk Bankasi A.S.
	720	4.75%, 06/04/2019 ■		722
		Turkiye Is Bankasi
	1,025	6.00%, 10/24/2022 §		1,021
		Yasar Holdings
	1,470	8.88%, 05/06/2020 ■☼		1,470
				4,260
		United Arab Emirates - 0.3%
		Emirates NBD Tier 1 Ltd.
	1,040	5.75%, 05/30/2019 §♠		1,017
		United Kingdom - 1.2%
		European Bank for Reconstruction & Development
ZAR	550	8.76%, 12/31/2020 ○		32
		Standard Bank plc
	700	8.13%, 12/02/2019 §		801
		Tullow Oil plc
	565	6.00%, 11/01/2020 ■		528
	975	6.25%, 04/15/2022 §		907

The accompanying notes are an integral part of these financial statements.

7

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 31.1% - (continued)
		United Kingdom - 1.2% - (continued)
		Vedanta Resources plc
$	1,500	6.00%, 01/31/2019 §	$	1,530
				3,798
		United States - 1.7%
		Comcel Trust
	1,470	6.88%, 02/06/2024 ■		1,573
	400	6.88%, 02/06/2024 §		428
		Kosmos Energy Ltd.
	1,505	7.88%, 08/01/2021 ■		1,384
		Semiconductor Manufacturing International
	1,140	4.13%, 10/07/2019 ■		1,147
		Yuzhou Properties Co., Ltd.
	1,015	8.63%, 01/24/2019 §		1,010
				5,542
		Total Corporate Bonds
		(Cost $99,781)	$	99,599
Foreign Government Obligations - 63.0%
		Brazil - 5.9%
		Brazil (Federative Republic of)
BRL	15,131	6.00%, 05/15/2015 - 08/15/2050 ◄	$	6,189
BRL	17,862	10.00%, 01/01/2017 - 01/01/2023		6,574
BRL	5,004	11.39%, 01/01/2015 ○		1,983
BRL	3,298	11.41%, 04/01/2015 ○		1,272
BRL	8,491	12.08%, 01/01/2016 ○		2,996
				19,014
		Chile - 2.0%
		Chile (Republic of)
CLP	1,190,795	3.00%, 01/01/2020 - 01/01/2034 ◄		2,383
CLP	82,500	5.50%, 08/05/2020		151
CLP	1,980,000	6.00%, 03/01/2018 - 01/01/2024		3,753
				6,287
		Colombia - 7.2%
		Colombia (Republic of)
COP	7,760,122	3.50%, 03/10/2021 ◄		3,879
COP	1,093,247	4.25%, 05/17/2017 ◄		559
COP	8,802,800	6.00%, 04/28/2028		3,895
COP	3,150,200	7.00%, 05/04/2022		1,576
COP	6,859,300	7.25%, 06/15/2016		3,451
COP	4,499,500	7.50%, 08/26/2026		2,290
COP	10,145,900	10.00%, 07/24/2024		6,113
COP	2,480,100	11.25%, 10/24/2018		1,443
				23,206
		Hungary - 2.8%
		Hungary (Republic of)
HUF	840,170	5.50%, 02/12/2016 - 12/22/2016		3,644
HUF	310,550	6.75%, 02/24/2017		1,382
HUF	191,030	7.75%, 08/24/2015		813
HUF	778,830	8.00%, 02/12/2015		3,218
				9,057
		Indonesia - 5.6%
		Indonesia (Republic of)
IDR	16,505,000	5.63%, 05/15/2023		1,168
IDR	19,412,000	6.63%, 05/15/2033		1,311
IDR	22,065,000	7.00%, 05/15/2027		1,645
IDR	4,453,000	7.88%, 04/15/2019		369
IDR	14,669,000	8.25%, 06/15/2032		1,175
IDR	145,154,000	8.38%, 03/15/2024 - 03/15/2034		12,169
IDR	1,325,000	9.00%, 03/15/2029		115
				17,952
		Malaysia - 4.7%
		Malaysia (Government of)
MYR	3,625	3.20%, 10/15/2015		1,100
MYR	3,920	3.58%, 09/28/2018		1,190
MYR	6,770	3.65%, 10/31/2019		2,059
MYR	14,409	3.74%, 02/27/2015		4,386
MYR	14,140	3.84%, 08/12/2015 - 04/15/2033		4,199
MYR	7,111	4.26%, 09/15/2016		2,192
				15,126
		Mexico - 3.3%
		Mexico (United Mexican States)
MXN	9,691	2.00%, 06/09/2022 ◄		708
MXN	11,495	2.50%, 12/10/2020 ◄		875
MXN	31,569	4.00%, 11/15/2040 ◄		2,569
MXN	26,599	4.50%, 12/04/2025 - 11/22/2035 ◄		2,324
MXN	13,907	7.25%, 12/15/2016		1,105
MXN	21,157	8.00%, 12/07/2023		1,803
MXN	11,844	10.00%, 12/05/2024		1,150
				10,534
		Nigeria - 1.7%
		Nigeria (Federal Republic of)
NGN	392,305	4.00%, 04/23/2015		2,293
NGN	103,335	7.00%, 10/23/2019		496
NGN	150,400	14.20%, 03/14/2024		987
NGN	45,345	16.00%, 06/29/2019		306
NGN	179,785	16.39%, 01/27/2022		1,277
				5,359
		Peru - 1.5%
		Peru (Republic of)
PEN	1,695	6.00%, 08/01/2024 ■☼		578
PEN	2,143	6.85%, 02/12/2042		756
PEN	2,490	6.90%, 08/12/2037		897
PEN	6,243	6.95%, 08/12/2031		2,277
PEN	684	8.20%, 08/12/2026		286
				4,794
		Poland - 6.6%
		Poland (Republic of)
PLN	22,595	2.69%, 01/25/2018 - 01/25/2019 Δ		6,703
PLN	340	3.25%, 07/25/2025		107
PLN	4,975	4.00%, 10/25/2023		1,658
PLN	25,700	4.75%, 10/25/2016		8,074
PLN	7,845	5.50%, 04/25/2015		2,370
PLN	5,565	5.75%, 09/23/2022 - 04/25/2029		2,096
				21,008

The accompanying notes are an integral part of these financial statements.

8

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Foreign Government Obligations - 63.0% - (continued)
		Romania - 3.6%
		Romania (Republic of)
RON	6,365	4.75%, 08/29/2016 - 02/24/2025	$	1,910
RON	8,460	5.80%, 10/26/2015 - 07/26/2027		2,545
RON	12,720	5.85%, 04/26/2023		4,167
RON	6,430	5.95%, 06/11/2021		2,085
RON	2,700	6.75%, 06/11/2017		849
				11,556
		Russia - 2.0%
		Russia (Federation of)
RUB	25,845	6.70%, 05/15/2019 Δ		531
RUB	5,720	6.80%, 12/11/2019		117
RUB	53,455	7.00%, 01/25/2023 - 08/16/2023 Δ		1,047
RUB	45,315	7.05%, 01/19/2028 Δ		842
RUB	15,730	7.50%, 02/27/2019 Δ		335
RUB	80,339	7.60%, 04/14/2021 - 07/20/2022 Δ		1,650
RUB	20,000	7.85%, 03/10/2018 §		437
RUB	68,236	8.15%, 02/03/2027 Δ		1,402
				6,361
		Slovenia - 1.0%
		Slovenia (Republic of)
EUR	530	4.13%, 01/26/2020 §		742
EUR	250	4.38%, 01/18/2021 §		354
EUR	990	4.63%, 09/09/2024 §		1,432
	525	5.85%, 05/10/2023 §		589
				3,117
		South Africa - 4.8%
		South Africa (Republic of)
ZAR	27,517	6.25%, 03/31/2036		1,944
ZAR	12,190	6.50%, 02/28/2041		860
ZAR	50,800	7.00%, 02/28/2031		4,053
ZAR	19,460	7.75%, 02/28/2023		1,771
ZAR	50,690	8.00%, 01/31/2030		4,484
ZAR	9,225	8.25%, 03/31/2032		821
ZAR	14,765	8.75%, 02/28/2048		1,351
				15,284
		South Korea - 1.7%
		Korea (Republic of)
KRW	1,151,680	2.75%, 06/10/2017		1,094
KRW	2,628,530	3.25%, 12/10/2014		2,462
KRW	1,970,990	4.50%, 03/10/2015		1,860
				5,416
		Thailand - 1.9%
		Thailand (Kingdom of)
THB	104,465	3.63%, 06/16/2023		3,333
THB	11,370	3.78%, 06/25/2032		344
THB	74,830	3.88%, 06/13/2019		2,416
THB	5,055	4.88%, 06/22/2029		178
				6,271
		Turkey - 6.7%
		Turkey (Republic of)
TRY	4,071	2.50%, 05/04/2016 ◄		1,854
TRY	1,406	2.80%, 11/08/2023 ◄		683
TRY	5,126	3.00%, 01/06/2021 - 02/23/2022 ◄		2,483
TRY	10,932	4.00%, 04/29/2015 - 04/01/2020 ◄		5,111
TRY	1,391	4.50%, 02/11/2015 ◄		633
TRY	2,835	8.80%, 09/27/2023		1,295
TRY	3,935	9.00%, 01/27/2016 - 07/24/2024		1,829
TRY	5,990	10.00%, 06/17/2015		2,721
TRY	5,375	10.40%, 03/20/2024		2,701
TRY	4,150	10.50%, 01/15/2020		2,042
				21,352
		Total Foreign Government Obligations
		(Cost $214,214)	$	201,694
		Total Long-Term Investments Excluding Purchased Options
		(Cost $313,995)	$	301,293
Short-Term Investments - 3.6%
		Foreign Government Obligations - 0.2%
		Nigeria (Federal Republic of)
NGN	105,158	15.15%, 3/5/2015 ○	$	612
		Repurchase Agreements - 3.4%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $31, collateralized by U.S. Treasury Note 1.50%, 2019, value of $31)
$	31	0.08%, 10/31/2014	$	31
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $523, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $534)
	523	0.09%, 10/31/2014		523
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $141, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $143)
	141	0.08%, 10/31/2014		141
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $477, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $486)
	477	0.10%, 10/31/2014		477
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,796, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $1,832)
	1,796	0.08%, 10/31/2014		1,796

The accompanying notes are an integral part of these financial statements.

9

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Short-Term Investments - 3.6% - (continued)
		Repurchase Agreements - 3.4% - (continued)
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,065, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $2,106)
$	2,065	0.09%, 10/31/2014			$	2,065
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $119, collateralized by U.S. Treasury Note 0.88%, 2017, value of $122)
	119	0.13%, 10/31/2014				119
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $175, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $179)
	175	0.07%, 10/31/2014				175
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,848, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $1,885)
	1,848	0.08%, 10/31/2014				1,848
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3,582, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $3,653)
	3,582	0.10%, 10/31/2014				3,582
						10,757
		Total Short-Term Investments
		(Cost $11,367)			$	11,369
		Total Investments Excluding Purchased Options
		(Cost $325,362)	97.7	%	$	312,662
		Total Purchased Options
		(Cost $472)	0.3	%		857
		Total Investments
		(Cost $325,834) ▲	98.0	%	$	313,519
		Other Assets and Liabilities	2.0	%		6,602
		Total Net Assets	100.0	%	$	320,121

The accompanying notes are an integral part of these financial statements.

10

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $326,576 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	3,262
Unrealized Depreciation		(16,319	)
Net Unrealized Depreciation	$	(13,057	)

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

○ The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.

◄ The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities  was $30,073, which represents 9.4% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $68,678, which represents 21.5% of total net assets.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $2,048 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
OTC option and/or OTC swap contracts	$	1,340	$	–
Futures contracts		19		–
Total	$	1,359	$	–

The accompanying notes are an integral part of these financial statements.

11

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter -  party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased Option contracts:
Calls
USD Call/CLP Put	MSC	FX	642.70 CLP per USD	03/26/15	USD	4,928,000	$	19	$	62	$	(43	)
USD Call/COP Put	GSC	FX	2,007.70 COP per USD	12/23/14	USD	6,339,469		205		63		142
USD Call/COP Put	CBK	FX	2,187.25 COP per USD	04/23/15	USD	6,660,000		75		75		–
USD Call/TRY Put	DEUT	FX	2.34 TRY per USD	01/16/15	USD	8,774,475		68		111		(43	)
Total Calls						26,701,944	$	367	$	311	$	56
Puts
EUR Put/PLN Call	DEUT	FX	4.04 PLN per EUR	05/06/15	EUR	2,298,000	$	5	$	28	$	(23	)
EUR Put/PLN Call	DEUT	FX	4.13 PLN per EUR	05/06/15	EUR	2,217,000		12		29		(17	)
EUR Put/USD Call	GSC	FX	1.32 USD per EUR	02/06/15	EUR	7,215,303		473		69		404
USD Put/RUB Call	JPM	FX	35.63 RUB per USD	01/30/15	USD	3,382,725		–		35		(35	)
Total Puts						15,113,028	$	490	$	161	$	329
Total purchased option contracts						41,814,972	$	857	$	472	$	385
Written option contracts:
Calls
USD Call/BRL Put	JPM	FX	2.83 BRL per USD	04/01/15	USD	6,495,940	$	84	$	120	$	36
USD Call/TRY Put	DEUT	FX	2.54 TRY per USD	01/16/15	USD	8,774,475		13		42		29
Total Calls						15,270,415	$	97	$	162	$	65
Puts
EUR Put/USD Call	GSC	FX	1.28 USD per EUR	02/06/15	EUR	7,215,303	$	265	$	50	$	(215	)
USD Put/CLP Call	MSC	FX	581.50 CLP per USD	03/26/15	USD	4,928,000		97		49		(48	)
USD Put/COP Call	GSC	FX	1,861.30 COP per USD	12/23/14	USD	6,339,465		–		43		43
USD Put/COP Call	CBK	FX	2,007.50 COP per USD	04/23/15	USD	6,660,000		48		58		10
USD Put/TRY Call	DEUT	FX	2.12 TRY per USD	01/16/15	USD	8,774,475		6		74		68
Total Puts						33,917,243	$	416	$	274	$	(142	)
Total written option contracts						49,187,658	$	513	$	436	$	(77	)

* The number of contracts does not omit 000's.

Δ For purchased options, premiums are paid by the Fund, for written options, premiums are received.

Futures Contracts Outstanding at October 31, 2014

	Number of	Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*	Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
U.S. Treasury Long Bond Future	7	12/19/2014	$	974	$	988	$	14	$	–		$	–	$	(3	)
Short position contracts:
U.S. Treasury 10-Year Note Future	24	12/19/2014	$	2,991	$	3,033	$	–	$	(42	)	$	6	$	–
Total futures contracts							$	14	$	(42	)	$	6	$	(3	)

* The number of contracts does not omit 000's.

The accompanying notes are an integral part of these financial statements.

12

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied	Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)	Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on single-name issues:
Buy protection:
China (People's Republic of)	BCLY	USD	650	(1.00)% / (0.43)%	12/20/17	$	–	$	(9	)	$	(12	)	$	–	$	(3	)
China (People's Republic of)	BOA	USD	465	(1.00)% / (0.43)%	12/20/17		–		(5	)		(8	)		–		(3	)
Total						$	–	$	(14	)	$	(20	)	$	–	$	(6	)
Sell protection:
China (People's Republic of)	BCLY	USD	650	1.00% / 0.14%	12/20/14	$	12	$	–		$	1		$	–	$	(11	)
China (People's Republic of)	BOA	USD	451	1.00% / 0.14%	12/20/14		7		–			–			–		(7	)
Total						$	19	$	–		$	1		$	–	$	(18	)
Total single-name issues						$	19	$	(14	)	$	(19	)	$	–	$	(24	)

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

OTC Interest Rate Swap Contracts Outstanding at October 31, 2014

Payments made

Payments received

Notional

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Counterparty

by Fund

by Fund

Amount

Date

Paid

Received

Value ╪

Asset

Liability

BCLY

4.12% Fixed

6M WIBOR PLN

PLN

175

03/19/24

$

–

$

–

$

(8

)

$

–

$

(8

)

BOA

11.28% Fixed

BZDIOVRA

BRL

5,012

01/04/21

–

–

52

52

–

BOA

12.32% Fixed

BZDIOVRA

BRL

9,539

01/02/18

–

–

23

23

–

BOA

12.61% Fixed

BZDIOVRA

BRL

9,688

01/02/18

–

–

(13

)

–

(13

)

BOA

4.11% Fixed

6M WIBOR PLN

PLN

285

03/19/24

–

–

(13

)

–

(13

)

BOA

4.15% Fixed

6M WIBOR PLN

PLN

315

03/19/24

–

–

(15

)

–

(15

)

BOA

6.31% Fixed

MXIBTIIE

MXN

21,280

09/02/24

–

–

(22

)

–

(22

)

BOA

BZDIOVRA

10.00% Fixed

BRL

2,644

01/04/21

–

–

(118

)

–

(118

)

BOA

BZDIOVRA

8.23% Fixed

BRL

7,941

01/02/15

–

–

(71

)

–

(71

)

BOA

BZDIOVRA

8.95% Fixed

BRL

1,873

01/02/23

–

–

(187

)

–

(187

)

BOA

MXIBTIIE

6.65% Fixed

MXN

15,975

12/06/23

–

–

55

55

–

CBK

2.37% Fixed

6M WIBOR PLN

PLN

6,005

12/17/19

–

–

(39

)

–

(39

)

CBK

6M WIBOR PLN

2.01% Fixed

PLN

14,455

12/17/16

–

–

28

28

–

DEUT

4.11% Fixed

6M WIBOR PLN

PLN

325

03/19/24

–

–

(15

)

–

(15

)

DEUT

4.16% Fixed

6M WIBOR PLN

PLN

325

03/19/24

–

–

(15

)

–

(15

)

DEUT

6M THBFIX

3.60% Fixed

THB

92,225

09/17/24

–

–

156

156

–

DEUT

BZDIOVRA

10.50% Fixed

BRL

333

01/02/17

–

–

1

1

–

DEUT

BZDIOVRA

10.55% Fixed

BRL

692

01/02/17

–

–

4

4

–

DEUT

BZDIOVRA

10.61% Fixed

BRL

347

01/02/17

–

–

2

2

–

DEUT

BZDIOVRA

9.12% Fixed

BRL

7,875

01/02/17

–

–

(241

)

–

(241

)

GSC

1.38% Fixed

6M CZK PRIBOR

CZK

20,820

03/20/23

–

–

(34

)

–

(34

)

GSC

1.45% Fixed

6M CZK PRIBOR

CZK

21,335

03/20/23

–

–

(41

)

–

(41

)

GSC

1.56% Fixed

6M CZK PRIBOR

CZK

5,925

03/20/23

–

–

(14

)

–

(14

)

GSC

2.18% Fixed

6M CZK PRIBOR

CZK

27,050

06/08/22

–

–

(66

)

–

(66

)

GSC

2.23% Fixed

6M CZK PRIBOR

CZK

40,358

09/07/22

–

–

(97

)

–

(97

)

GSC

2.37% Fixed

6M WIBOR PLN

PLN

9,870

12/17/19

–

–

(64

)

–

(64

)

GSC

3M ZAR JIBAR

7.00% Fixed

ZAR

7,109

08/21/27

–

–

(55

)

–

(55

)

GSC

4.10% Fixed

6M WIBOR PLN

PLN

165

03/19/24

–

–

(8

)

–

(8

)

GSC

4.16% Fixed

6M WIBOR PLN

PLN

330

03/19/24

–

–

(16

)

–

(16

)

GSC

6M WIBOR PLN

2.00% Fixed

PLN

23,595

12/17/16

–

–

45

45

–

GSC

BZDIOVRA

10.64% Fixed

BRL

2,177

01/02/17

–

–

(61

)

–

(61

)

The accompanying notes are an integral part of these financial statements.

13

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Interest Rate Swap Contracts Outstanding at October 31, 2014  - (continued)

Payments made

Payments received

Notional

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Counterparty

by Fund

by Fund

Amount

Date

Paid

Received

Value ╪

Asset

Liability

JPM

2.08% Fixed

6M CZK PRIBOR

CZK

53,650

12/19/22

$

–

$

–

$

(103

)

$

–

$

(103

)

JPM

2.12% Fixed

6M CZK PRIBOR

CZK

46,075

03/21/23

–

–

(86

)

–

(86

)

JPM

2.18% Fixed

6M CZK PRIBOR

CZK

12,640

08/21/22

–

–

(29

)

–

(29

)

JPM

2.23% Fixed

6M CZK PRIBOR

CZK

12,645

08/21/22

–

–

(31

)

–

(31

)

JPM

2.25% Fixed

6M CZK PRIBOR

CZK

18,965

08/21/22

–

–

(47

)

–

(47

)

JPM

2.30% Fixed

6M CZK PRIBOR

CZK

33,954

08/21/22

–

–

(88

)

–

(88

)

JPM

2.32% Fixed

6M CZK PRIBOR

CZK

6,940

08/21/22

–

–

(18

)

–

(18

)

JPM

2.34% Fixed

6M CZK PRIBOR

CZK

15,650

05/21/22

–

–

(44

)

–

(44

)

JPM

2.39% Fixed

6M CZK PRIBOR

CZK

11,440

05/21/22

–

–

(34

)

–

(34

)

JPM

3M ZAR JIBAR

6.94% Fixed

ZAR

994,425

10/01/15

–

–

108

108

–

JPM

3M ZAR JIBAR

8.03% Fixed

ZAR

2,185

08/18/23

–

–

4

4

–

JPM

6M CZK PRIBOR

0.92% Fixed

CZK

39,210

11/06/17

–

–

25

25

–

JPM

7.62% Fixed

3M ZAR JIBAR

ZAR

994,425

10/01/16

–

–

(131

)

–

(131

)

MSC

2.58% Fixed

6M CZK PRIBOR

CZK

8,000

05/09/22

–

–

(27

)

–

(27

)

MSC

2.60% Fixed

6M CZK PRIBOR

CZK

34,520

05/09/22

–

–

(117

)

–

(117

)

MSC

BZDIOVRA

10.22% Fixed

BRL

2,606

01/04/21

–

–

(98

)

–

(98

)

Total

$

–

$

–

$

(1,563

)

$

503

$

(2,066

)

Foreign Currency Contracts Outstanding at October 31, 2014

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
AUD	Buy	12/17/2014	DEUT	$	2,834	$	2,846	$	12	$	–
AUD	Sell	12/17/2014	RBS		2,937		2,846		91		–
BRL	Buy	12/02/2014	BOA		1,051		1,041		–		(10	)
BRL	Buy	12/02/2014	JPM		849		853		4		–
BRL	Buy	12/02/2014	MSC		6,862		6,514		–		(348	)
BRL	Buy	12/02/2014	UBS		11,664		10,900		–		(764	)
BRL	Sell	12/02/2014	BCLY		523		478		45		–
BRL	Sell	04/01/2015	JPM		1,538		1,543		–		(5	)
BRL	Sell	12/02/2014	MSC		2,344		2,348		–		(4	)
BRL	Sell	12/02/2014	UBS		9,848		9,341		507		–
CAD	Buy	12/17/2014	DEUT		530		532		2		–
CAD	Sell	12/17/2014	DEUT		2,974		2,916		58		–
CLP	Buy	12/17/2014	BNP		2,171		2,233		62		–
CLP	Buy	12/17/2014	BOA		1,412		1,439		27		–
CLP	Buy	03/30/2015	MSC		2,422		2,526		104		–
CLP	Sell	12/17/2014	BNP		2,649		2,737		–		(88	)
CLP	Sell	12/17/2014	BOA		3,295		3,388		–		(93	)
CLP	Sell	12/17/2014	CSFB		992		1,023		–		(31	)
CLP	Sell	12/17/2014	SCB		4,599		4,742		–		(143	)
CNY	Buy	11/14/2014	JPM		2,550		2,715		165		–
CNY	Sell	11/14/2014	DEUT		824		854		–		(30	)
CNY	Sell	11/14/2014	JPM		1,800		1,861		–		(61	)
COP	Buy	12/17/2014	BOA		6,334		6,249		–		(85	)
COP	Buy	04/27/2015	CBK		2,752		2,744		–		(8	)
COP	Buy	12/26/2014	GSC		3,111		2,888		–		(223	)
COP	Buy	12/17/2014	SCB		1,612		1,596		–		(16	)
COP	Buy	12/17/2014	SSG		1,752		1,739		–		(13	)
COP	Sell	12/17/2014	BOA		2,933		2,834		99		–
COP	Sell	12/17/2014	BOA		1,055		1,056		–		(1	)
COP	Sell	12/17/2014	CSFB		1,282		1,244		38		–
CZK	Buy	12/17/2014	DEUT		191		187		–		(4	)
CZK	Buy	12/17/2014	RBS		2,943		2,832		–		(111	)
CZK	Sell	12/17/2014	RBS		2,327		2,239		88		–
EUR	Buy	12/17/2014	CBA		985		951		–		(34	)
EUR	Buy	12/17/2014	DEUT		1,685		1,631		–		(54	)
EUR	Buy	05/08/2015	DEUT		1,573		1,418		–		(155	)

The accompanying notes are an integral part of these financial statements.

14

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

EUR

Buy

02/10/2015

GSC

$

2,457

$

2,264

$

–

$

(193

)

EUR

Buy

04/13/2015

JPM

843

831

–

(12

)

EUR

Sell

12/17/2014

DEUT

542

525

17

–

EUR

Sell

05/08/2015

DEUT

471

433

38

–

EUR

Sell

12/17/2014

GSC

1,865

1,849

16

–

EUR

Sell

02/10/2015

GSC

1,924

1,806

118

–

EUR

Sell

12/17/2014

JPM

1,519

1,498

21

–

EUR

Sell

04/13/2015

JPM

839

831

8

–

GBP

Buy

12/17/2014

DEUT

898

904

6

–

GBP

Buy

12/17/2014

RBS

1,413

1,391

–

(22

)

GBP

Sell

12/17/2014

RBS

1,413

1,391

22

–

HUF

Buy

12/17/2014

DEUT

5,041

5,015

–

(26

)

HUF

Buy

12/17/2014

RBS

1,466

1,453

–

(13

)

HUF

Sell

12/17/2014

RBS

3,092

3,064

28

–

IDR

Buy

12/17/2014

BCLY

1,550

1,578

28

–

IDR

Buy

12/17/2014

BOA

258

262

4

–

IDR

Buy

12/17/2014

UBS

5,062

5,001

–

(61

)

IDR

Sell

12/17/2014

BCLY

916

905

11

–

IDR

Sell

12/17/2014

BOA

477

477

–

–

IDR

Sell

12/17/2014

HSBC

4,188

4,235

–

(47

)

IDR

Sell

12/17/2014

UBS

90

89

1

–

ILS

Buy

12/17/2014

JPM

5,025

4,932

–

(93

)

ILS

Buy

04/13/2015

JPM

828

808

–

(20

)

ILS

Sell

12/17/2014

JPM

1,778

1,762

16

–

ILS

Sell

04/13/2015

JPM

815

808

7

–

ILS

Sell

12/17/2014

RBS

3,324

3,170

154

–

INR

Buy

12/17/2014

CBK

4,545

4,521

–

(24

)

INR

Buy

12/17/2014

DEUT

2,179

2,166

–

(13

)

INR

Buy

12/17/2014

JPM

1,226

1,223

–

(3

)

INR

Sell

12/17/2014

BOA

321

319

2

–

INR

Sell

12/17/2014

CBK

789

785

4

–

INR

Sell

12/17/2014

CSFB

483

485

–

(2

)

INR

Sell

12/17/2014

JPM

2,722

2,715

7

–

KRW

Buy

12/17/2014

MSC

4,174

4,148

–

(26

)

KRW

Sell

12/17/2014

DEUT

1,032

1,035

–

(3

)

KRW

Sell

12/17/2014

UBS

9,375

9,101

274

–

MXN

Buy

12/17/2014

BCLY

91

91

–

–

MXN

Buy

12/17/2014

CBK

221

221

–

–

MXN

Buy

12/17/2014

CSFB

3,850

3,863

13

–

MXN

Buy

12/17/2014

DEUT

192

190

–

(2

)

MXN

Buy

12/17/2014

GSC

1,772

1,748

–

(24

)

MXN

Buy

12/17/2014

JPM

18,381

18,068

–

(313

)

MXN

Buy

12/17/2014

RBC

1,002

1,003

1

–

MXN

Sell

12/17/2014

BOA

1,427

1,424

3

–

MXN

Sell

12/17/2014

SSG

1,429

1,424

5

–

MXN

Sell

12/17/2014

TDS

1,131

1,129

2

–

MYR

Buy

12/17/2014

BCLY

418

421

3

–

MYR

Buy

03/26/2015

BCLY

1,459

1,425

–

(34

)

MYR

Buy

12/17/2014

BOA

356

354

–

(2

)

MYR

Buy

03/26/2015

BOA

2,847

2,776

–

(71

)

MYR

Buy

12/17/2014

CBK

543

542

–

(1

)

MYR

Buy

03/26/2015

HSBC

2,190

2,137

–

(53

)

MYR

Buy

12/17/2014

JPM

1,495

1,457

–

(38

)

MYR

Buy

12/17/2014

UBS

21,620

21,042

–

(578

)

MYR

Buy

03/26/2015

UBS

2,984

2,914

–

(70

)

MYR

Sell

12/17/2014

BCLY

312

311

1

–

MYR

Sell

12/17/2014

BCLY

121

121

–

–

MYR

Sell

12/17/2014

BNP

121

121

–

–

MYR

Sell

12/17/2014

CSFB

121

121

–

–

The accompanying notes are an integral part of these financial statements.

15

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
MYR	Sell	12/17/2014	DEUT	$	7,500	$	7,451	$	49	$	–
MYR	Sell	12/17/2014	HSBC		1,206		1,205		1		–
MYR	Sell	03/26/2015	JPM		9,421		9,252		169		–
MYR	Sell	12/17/2014	SCB		779		777		2		–
NGN	Buy	12/17/2014	CBK		1,724		1,707		–		(17	)
NGN	Sell	11/06/2014	CBK		1,590		1,593		–		(3	)
NGN	Sell	12/17/2014	CBK		1,723		1,707		16		–
NGN	Sell	12/17/2014	DEUT		744		740		4		–
NZD	Buy	12/17/2014	DEUT		2,597		2,584		–		(13	)
NZD	Sell	12/17/2014	CBA		2,703		2,584		119		–
PEN	Sell	12/17/2014	BNP		2,806		2,800		6		–
PEN	Sell	12/17/2014	SCB		1,425		1,402		23		–
PHP	Buy	12/17/2014	CBK		951		950		–		(1	)
PHP	Buy	12/17/2014	HSBC		1,504		1,469		–		(35	)
PHP	Buy	12/17/2014	JPM		4,253		4,159		–		(94	)
PHP	Sell	12/17/2014	BCLY		312		313		–		(1	)
PHP	Sell	12/17/2014	CSFB		121		122		–		(1	)
PHP	Sell	12/17/2014	JPM		783		786		–		(3	)
PHP	Sell	12/17/2014	UBS		1,213		1,220		–		(7	)
PLN	Buy	12/17/2014	BCLY		159		154		–		(5	)
PLN	Buy	12/17/2014	BOA		9,496		9,179		–		(317	)
PLN	Buy	12/17/2014	DEUT		5,006		4,908		–		(98	)
PLN	Buy	05/08/2015	DEUT		464		418		–		(46	)
PLN	Sell	12/17/2014	BOA		1,122		1,103		19		–
PLN	Sell	12/17/2014	CSFB		232		228		4		–
PLN	Sell	12/17/2014	DEUT		2,984		2,928		56		–
PLN	Sell	05/08/2015	DEUT		1,542		1,403		139		–
PLN	Sell	12/17/2014	JPM		1,121		1,107		14		–
RON	Buy	12/17/2014	JPM		512		512		–		–
RON	Sell	12/17/2014	CBK		1,125		1,120		5		–
RON	Sell	12/17/2014	JPM		5,490		5,357		133		–
RUB	Buy	12/17/2014	CSFB		789		728		–		(61	)
RUB	Buy	12/17/2014	DEUT		142		131		–		(11	)
RUB	Buy	12/17/2014	JPM		4,905		4,514		–		(391	)
RUB	Buy	12/17/2014	UBS		9,380		8,218		–		(1,162	)
RUB	Sell	12/17/2014	BOA		504		489		15		–
RUB	Sell	12/17/2014	JPM		2,144		2,066		78		–
RUB	Sell	02/02/2015	JPM		797		673		124		–
RUB	Sell	12/17/2014	UBS		786		689		97		–
SGD	Buy	12/17/2014	GSC		2,866		2,837		–		(29	)
SGD	Sell	12/17/2014	DEUT		5,990		5,946		44		–
SGD	Sell	12/17/2014	JPM		2,887		2,837		50		–
THB	Buy	12/17/2014	JPM		14,219		14,103		–		(116	)
THB	Sell	12/17/2014	BCLY		3,005		2,974		31		–
THB	Sell	12/17/2014	BOA		803		799		4		–
THB	Sell	12/17/2014	JPM		2,645		2,643		2		–
TRY	Buy	11/04/2014	BOA		827		818		–		(9	)
TRY	Buy	12/17/2014	CBK		1,509		1,551		42		–
TRY	Buy	12/17/2014	DEUT		325		334		9		–
TRY	Buy	12/17/2014	GSC		3,521		3,620		99		–
TRY	Buy	12/17/2014	GSC		18,730		18,707		–		(23	)
TRY	Sell	12/17/2014	BCLY		2,194		2,190		4		–
TRY	Sell	12/17/2014	BOA		819		809		10		–
TRY	Sell	12/17/2014	BOA		669		676		–		(7	)
TRY	Sell	12/17/2014	DEUT		1,258		1,248		10		–
TRY	Sell	12/17/2014	DEUT		3,721		3,761		–		(40	)
TRY	Sell	12/17/2014	GSC		3,521		3,517		4		–
UYU	Buy	04/08/2015	CBK		688		686		–		(2	)
UYU	Buy	12/09/2014	HSBC		396		391		–		(5	)

The accompanying notes are an integral part of these financial statements.

16

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
UYU	Buy	01/22/2015	HSBC	$	481	$	468	$	–	$	(13	)
ZAR	Buy	11/05/2014	BNP		778		777		–		(1	)
ZAR	Buy	12/17/2014	BNP		230		235		5		–
ZAR	Buy	11/04/2014	BOA		464		457		–		(7	)
ZAR	Buy	12/17/2014	BOA		2,231		2,285		54		–
ZAR	Buy	12/17/2014	BOA		19		19		–		–
ZAR	Buy	11/03/2014	CSFB		1,555		1,531		–		(24	)
ZAR	Buy	12/17/2014	CSFB		38		37		–		(1	)
ZAR	Buy	12/17/2014	DEUT		973		991		18		–
ZAR	Buy	12/17/2014	JPM		830		832		2		–
ZAR	Buy	12/17/2014	RBS		15,971		16,006		35		–
ZAR	Sell	12/17/2014	BCLY		1,927		1,929		–		(2	)
ZAR	Sell	12/17/2014	BNP		772		771		1		–
ZAR	Sell	11/03/2014	BOA		19		19		–		–
ZAR	Sell	12/17/2014	BOA		460		453		7		–
ZAR	Sell	12/17/2014	CSFB		1,543		1,518		25		–
ZAR	Sell	12/17/2014	RBS		2,230		2,235		–		(5	)
Total								$	3,641	$	(6,575	)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BNP	BNP Paribas Securities Services
BOA	Banc of America Securities LLC
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
CSFB	Credit Suisse First Boston Corp.
DEUT	Deutsche Bank Securities, Inc.
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
RBS	RBS Greenwich Capital
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
TDS	TD Securities, Inc.
UBS	UBS AG
Currency Abbreviations:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CLP	Chilean Peso
CNY	Chinese Yuan Renminbi
COP	Colombian Peso
CZK	Czech Koruna
EUR	EURO
GBP	British Pound
HUF	Hungarian Forint
IDR	Indonesian New Rupiah
ILS	Israeli New Shekel
INR	Indian Rupee
KRW	South Korean Won
MXN	Mexican New Peso
MYR	Malaysian Ringgit
NGN	Nigerian Naira
NZD	New Zealand Dollar
PEN	Peruvian New Sol
PHP	Philippine Peso
PLN	Polish New Zloty
RON	New Romanian Leu
RUB	Russian New Ruble
SGD	Singapore Dollar
THB	Thai Baht
TRY	Turkish New Lira
USD	U.S. Dollar
UYU	Uruguayan Peso
ZAR	South African Rand
Other Abbreviations:
BZDIOVRA	Brazil Cetip Interbank Deposit Rate
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
JIBAR	Johannesburg Interbank Agreed Rate
MXIBTIIE	Mexico Interbank Equilibrium Interest Rate
OTC	Over-the-Counter
PRIBOR	Prague Interbank Offered Rate
THBFIX	Thai Baht Interest Rate Fixing
WIBOR	Warsaw Interbank Offered Rate

The accompanying notes are an integral part of these financial statements.

17

The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Corporate Bonds	$	99,599	$	–	$	98,129	$	1,470
Foreign Government Obligations		201,694		–		201,116		578
Short-Term Investments		11,369		–		11,369		–
Purchased Options		857		–		857		–
Total	$	313,519	$	–	$	311,471	$	2,048
Foreign Currency Contracts *	$	3,641	$	–	$	3,641	$	–
Futures *		14		14		–		–
Swaps - Interest Rate *		503		–		503		–
Total	$	4,158	$	14	$	4,144	$	–
Liabilities:
Written Options	$	513	$	–	$	513	$	–
Total	$	513	$	–	$	513	$	–
Foreign Currency Contracts *	$	6,575	$	–	$	6,575	$	–
Futures *		42		42		–		–
Swaps - Credit Default *		24		–		24		–
Swaps - Interest Rate *		2,066		–		2,066		–
Total	$	8,707	$	42	$	8,665	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.  

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3		Transfers Out of Level 3		Balance as of October 31, 2014
Assets:
Corporate Bonds and Foreign Government Obligations	$	2,216	$	116	$	(131	)*	$	1	$	2,049	$	(2,203	)	$	—	$	—	$	2,048
Total	$	2,216	$	116	$	(131	)	$	1	$	2,049	$	(2,203	)	$	—	$	—	$	2,048

* Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(1).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

18

The Hartford Emerging Markets Local Debt Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $325,834)	$	313,519
Cash		1,913	*
Foreign currency on deposit with custodian (cost $789)		789
Unrealized appreciation on foreign currency contracts		3,641
Unrealized appreciation on OTC swap contracts		503
Receivables:
Investment securities sold		9,554
Fund shares sold		3,645
Interest		4,309
Variation margin on financial derivative instruments		6
OTC swap premiums paid		19
Other assets		79
Total assets		337,977
Liabilities:
Unrealized depreciation on foreign currency contracts		6,575
Unrealized depreciation on OTC swap contracts		2,090
Payables:
Investment securities purchased		6,088
Fund shares redeemed		2,399
Investment management fees		61
Administrative fees		—
Distribution fees		1
Variation margin on financial derivative instruments		3
Accrued expenses		45
OTC swap premiums received		14
Written option contracts (proceeds $436)		513
Other liabilities		67
Total liabilities		17,856
Net assets	$	320,121
Summary of Net Assets:
Capital stock and paid-in-capital	$	336,226
Undistributed net investment income		543
Accumulated net realized gain		389
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(17,037	)
Net assets	$	320,121

^* Cash of $1,359 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

19

The Hartford Emerging Markets Local Debt Fund

Statement of Assets and Liabilities – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.00/$9.42
Shares outstanding		1,088
Net assets	$	9,792
Class C: Net asset value per share	$	8.99
Shares outstanding		357
Net assets	$	3,208
Class I: Net asset value per share	$	8.98
Shares outstanding		4,862
Net assets	$	43,683
Class R3: Net asset value per share	$	8.99
Shares outstanding		227
Net assets	$	2,041
Class R4: Net asset value per share	$	8.99
Shares outstanding		234
Net assets	$	2,101
Class R5: Net asset value per share	$	8.99
Shares outstanding		231
Net assets	$	2,078
Class Y: Net asset value per share	$	8.96
Shares outstanding		28,713
Net assets	$	257,218

The accompanying notes are an integral part of these financial statements.

20

The Hartford Emerging Markets Local Debt Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Interest	$	17,211
Less: Foreign tax withheld		(199	)
Total investment income		17,012
Expenses:
Investment management fees		2,927
Administrative services fees
Class R3		4
Class R4		3
Class R5		2
Transfer agent fees
Class A		21
Class C		6
Class I		34
Class R3		—
Class R4		—
Class Y		3
Distribution fees
Class A		43
Class C		41
Class R3		10
Class R4		5
Custodian fees		107
Accounting services fees		74
Registration and filing fees		104
Board of Directors' fees		8
Audit fees		13
Other expenses		30
Total expenses (before waivers)		3,435
Expense waivers		(533	)
Management fee waivers		(86	)
Total waivers		(619	)
Total expenses, net		2,816
Net Investment Income		14,196
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized loss on investments		(9,912	)
Less: Foreign taxes paid on realized capital gains		(30	)
Net realized gain on purchased option contracts		48
Net realized gain on futures contracts		432
Net realized gain on written option contracts		64
Net realized loss on swap contracts		(885	)
Net realized gain on foreign currency contracts		155
Net realized loss on other foreign currency transactions		(89	)
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(10,217	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(3,901	)
Net unrealized appreciation of purchased option contracts		385
Net unrealized depreciation of futures contracts		(28	)
Net unrealized depreciation of written option contracts		(77	)
Net unrealized depreciation of swap contracts		(948	)
Net unrealized depreciation of foreign currency contracts		(3,051	)
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(101	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(7,721	)
Net Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(17,938	)
Net Decrease in Net Assets Resulting from Operations	$	(3,742	)

The accompanying notes are an integral part of these financial statements.

21

The Hartford Emerging Markets Local Debt Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	14,196		$	9,266
Net realized loss on investments, other financial instruments and foreign currency transactions		(10,217	)		(1,348	)
Net unrealized depreciation of investments, other financial instruments and foreign currency transactions		(7,721	)		(14,337	)
Net Decrease in Net Assets Resulting from Operations		(3,742	)		(6,419	)
Distributions to Shareholders:
From net investment income
Class A		(71	)		(959	)
Class C		(14	)		(171	)
Class I		(189	)		(1,623	)
Class R3		(9	)		(78	)
Class R4		(9	)		(85	)
Class R5		(9	)		(90	)
Class Y		(1,092	)		(5,959	)
Total from net investment income		(1,393	)		(8,965	)
From net realized gain on investments
Class A		(15	)		(119	)
Class C		(4	)		(22	)
Class I		(26	)		(136	)
Class R3		(1	)		(12	)
Class R4		(1	)		(12	)
Class R5		(1	)		(12	)
Class Y		(114	)		(455	)
Total from net realized gain on investments		(162	)		(768	)
From tax return of capital
Class A		(633	)		—
Class C		(128	)		—
Class I		(1,701	)		—
Class R3		(75	)		—
Class R4		(84	)		—
Class R5		(88	)		—
Class Y		(9,833	)		—
Total from tax return of capital		(12,542	)		—
Total distributions		(14,097	)		(9,733	)
Capital Share Transactions:
Class A		(14,078	)		6,043
Class C		(2,709	)		2,776
Class I		13,281			13,795
Class R3		59			96
Class R4		56			180
Class R5		98			102
Class Y		91,673			113,279
Net increase from capital share transactions		88,380			136,271
Net Increase in Net Assets		70,541			120,119
Net Assets:
Beginning of period		249,580			129,461
End of period	$	320,121		$	249,580
Undistributed (distributions in excess of) net investment income	$	543		$	(1,574	)

The accompanying notes are an integral part of these financial statements.

22

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Emerging Markets Local Debt Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a non-diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity

23

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at

24

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. 

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Statement of Operations as a reduction to net realized gain on investments in these securities.  

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

25

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared and paid monthly. Dividends from realized gains, if any, are paid at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary

26

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund, as shown on the Schedule of Investments, had inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option,

27

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:
Call Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		25,182,401			204
Expired		(3,294,986	)		(4	)
Closed		(6,617,000	)		(38	)
Exercised		—			—
End of period		15,270,415		$	162
Put Options Written During the Year		Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		55,220,535			380
Expired		(11,591,973	)		(62	)
Closed		(9,711,319	)		(44	)
Exercised		—			—
End of period		33,917,243		$	274
* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the

28

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a

29

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the  Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund, as shown on the  Schedule of Investments, had outstanding interest rate swap contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	—	$	857	$	—	$	—	$	—	$	—	$	857
Unrealized appreciation on foreign currency contracts		—		3,641		—		—		—		—		3,641
Unrealized appreciation on OTC swap contracts		503		—		—		—		—		—		503
Variation margin receivable *		6		—		—		—		—		—		6
Total	$	509	$	4,498	$	—	$	—	$	—	$	—	$	5,007
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	6,575	$	—	$	—	$	—	$	—	$	6,575
Unrealized depreciation on OTC swap contracts		2,066		—		24		—		—		—		2,090
Variation margin payable *		3		—		—		—		—		—		3
Written option contracts, market value		—		513		—		—		—		—		513
Total	$	2,069	$	7,088	$	24	$	—	$	—	$	—	$	9,181

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative depreciation of $(28) as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

30

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts			Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain on purchased option contracts	$	21		$	27		$	—		$	—	$	—	$	—	$	48
Net realized gain on futures contracts		432			—			—			—		—		—		432
Net realized gain on written option contracts		—			64			—			—		—		—		64
Net realized loss on swap contracts		(706	)		—			(179	)		—		—		—		(885	)
Net realized gain on foreign currency contracts		—			155			—			—		—		—		155
Total	$	(253	)	$	246		$	(179	)	$	—	$	—	$	—	$	(186	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of purchased option contracts	$	—		$	385		$	—		$	—	$	—	$	—	$	385
Net change in unrealized depreciation of futures contracts		(28	)		—			—			—		—		—		(28	)
Net change in unrealized depreciation of written option contracts		—			(77	)		—			—		—		—		(77	)
Net change in unrealized appreciation (depreciation) of swap contracts		(987	)		—			39			—		—		—		(948	)
Net change in unrealized depreciation of foreign currency contracts		—			(3,051	)		—			—		—		—		(3,051	)
Total	$	(1,015	)	$	(2,743	)	$	39		$	—	$	—	$	—	$	(3,719	)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	1,361	$	(1,343	)	$	—		$   —  †	$	18
Futures contracts - variation margin receivable		6		(3	)		—		—		3
Unrealized appreciation on foreign currency contracts		3,641		(3,194	)		—		—		447
Total subject to a master netting or similar arrangement	$	5,008	$	(4,540	)	$	—	$	—	$	468

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

† An additional $255 of cash collateral was pledged to counterparties related to derivative assets.

31

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	2,599	$	(1,343	)	$	—	$	(872	)†	$	384
Futures contracts - variation margin payable		3		(3	)		—		(19	)		—
Unrealized depreciation on foreign currency contracts		6,534		(3,194	)		—		—			3,340
Total subject to a master netting or similar arrangement	$	9,136	$	(4,540	)	$	—	$	(891	)	$	3,724

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

† An additional $213 of cash collateral was pledged to counterparties related to derivative liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension and foreign currency risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

32

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	1,393	$	8,056
Long-Term Capital Gains ‡		162		1,679
Tax Return of Capital		12,542		—

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Accumulated Capital and Other Losses*	$	(228	)
Unrealized Depreciation†		(15,859	)
Total Accumulated Deficit	$	(16,087	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(10,686	)
Accumulated Net Realized Gain (Loss)		10,686

33

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

	Amount
Short-Term Capital Loss Carryforward	$	45
Long-Term Capital Loss Carryforward		183
Total	$	228

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million	1.0000%
On next $250 million	0.9500%
On next $4.5 billion	0.9000%
On next $5 billion	0.8975%
Over $10 billion	0.8950%

HFMC contractually agreed to waive investment management fees of 0.10% of average daily net assets until February 28, 2014. These amounts are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

34

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.025%
On next $5 billion	0.020%
Over $10 billion	0.015%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.25%	2.00%	1.00%	1.55%	1.25%	0.95%	0.90%

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $46 and contingent deferred sales charges of $3 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

35

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class		Percentage of Fund
Class R3		100%*		1%
Class R4		98		1
Class R5		100		1

* Percentage rounds to 100%.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	491,390	$	—	$	491,390
Sales Proceeds		397,577		—		397,577

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		794		77		(2,387	)		(1,516	)		1,631		109		(1,175	)		565
Amount	$	7,407	$	714	$	(22,199	)	$	(14,078	)	$	16,552	$	1,073	$	(11,582	)	$	6,043
Class C
Shares		133		11		(448	)		(304	)		361		18		(102	)		277
Amount	$	1,232	$	105	$	(4,046	)	$	(2,709	)	$	3,613	$	173	$	(1,010	)	$	2,776
Class I
Shares		5,523		65		(4,227	)		1,361			4,661		124		(3,648	)		1,137
Amount	$	51,533	$	600	$	(38,852	)	$	13,281		$	47,321	$	1,227	$	(34,753	)	$	13,795
Class R3
Shares		—		9		(3	)		6			3		9		(2	)		10
Amount	$	4	$	85	$	(30	)	$	59		$	29	$	90	$	(23	)	$	96
Class R4
Shares		—		10		(4	)		6			9		10		—			19
Amount	$	3	$	93	$	(40	)	$	56		$	84	$	96	$	—		$	180
Class R5
Shares		—		11		—			11			—		10		—			10
Amount	$	—	$	98	$	—		$	98		$	—	$	102	$	—		$	102
Class Y
Shares		24,025		1,172		(15,372	)		9,825			21,620		619		(10,887	)		11,352
Amount	$	221,417	$	10,795	$	(140,539	)	$	91,673		$	211,076	$	6,060	$	(103,857	)	$	113,279
Total
Shares		30,475		1,355		(22,441	)		9,389			28,285		899		(15,814	)		13,370
Amount	$	281,596	$	12,490	$	(205,706	)	$	88,380		$	278,675	$	8,821	$	(151,225	)	$	136,271

36

The Hartford Emerging Markets Local Debt Fund

Notes to Financial Statements - (continued)

October 31, 2014

(000’s Omitted)

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

37

The Hartford Emerging Markets Local Debt Fund

Financial Highlights

	- Selected Per-Share Data - (A)																								- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	9.51	$	0.42	$	(0.52	)	$	(0.10	)	$	(0.40	)(D)	$	(0.01	)	$	(0.41	)	$	9.00		(1.10	)%	$	9,792		1.47	%		1.25	%		4.57	%
C		9.50		0.35		(0.52	)		(0.17	)		(0.33	)(E)		(0.01	)		(0.34	)		8.99		(1.85	)		3,208		2.23			2.00			3.78
I		9.50		0.44		(0.52	)		(0.08	)		(0.43	)(F)		(0.01	)		(0.44	)		8.98		(0.91	)		43,683		1.19			0.98			4.78
R3		9.50		0.39		(0.52	)		(0.13	)		(0.37	)(G)		(0.01	)		(0.38	)		8.99		(1.38	)		2,041		1.81			1.55			4.23
R4		9.50		0.42		(0.52	)		(0.10	)		(0.40	)(D)		(0.01	)		(0.41	)		8.99		(1.09	)		2,101		1.51			1.25			4.53
R5		9.51		0.45		(0.53	)		(0.08	)		(0.43	)(F)		(0.01	)		(0.44	)		8.99		(0.89	)		2,078		1.20			0.95			4.83
Y		9.47		0.45		(0.52	)		(0.07	)		(0.43	)(F)		(0.01	)		(0.44	)		8.96		(0.74	)		257,218		1.11			0.90			4.86
For the Year Ended October 31, 2013
A	$	10.02	$	0.41	$	(0.47	)	$	(0.06	)	$	(0.39	)	$	(0.06	)	$	(0.45	)	$	9.51		(0.70	)%	$	24,773		1.49	%		1.25	%		4.16	%
C		10.01		0.34		(0.47	)		(0.13	)		(0.32	)		(0.06	)		(0.38	)		9.50		(1.40	)		6,280		2.22			1.99			3.43
I		10.01		0.43		(0.47	)		(0.04	)		(0.41	)		(0.06	)		(0.47	)		9.50		(0.45	)		33,259		1.25			1.00			4.41
R3		10.01		0.38		(0.47	)		(0.09	)		(0.36	)		(0.06	)		(0.42	)		9.50		(1.01	)		2,097		1.84			1.55			3.86
R4		10.01		0.41		(0.47	)		(0.06	)		(0.39	)		(0.06	)		(0.45	)		9.50		(0.71	)		2,165		1.54			1.25			4.16
R5		10.01		0.44		(0.46	)		(0.02	)		(0.42	)		(0.06	)		(0.48	)		9.51		(0.31	)		2,095		1.24			0.95			4.46
Y		9.98		0.44		(0.47	)		(0.03	)		(0.42	)		(0.06	)		(0.48	)		9.47		(0.36	)		178,911		1.14			0.90			4.50
For the Year Ended October 31, 2012
A	$	9.24	$	0.37	$	0.71		$	1.08		$	(0.30	)	$	–		$	(0.30	)	$	10.02		11.96	%	$	20,430		1.65	%		1.24	%		3.96	%
C		9.24		0.30		0.70			1.00			(0.23	)		–			(0.23	)		10.01		11.03			3,846		2.38			1.97			3.22
I		9.23		0.40		0.71			1.11			(0.33	)		–			(0.33	)		10.01		12.28			23,655		1.37			0.96			4.27
R3		9.24		0.34		0.70			1.04			(0.27	)		–			(0.27	)		10.01		11.48			2,112		2.02			1.55			3.65
R4		9.24		0.37		0.70			1.07			(0.30	)		–			(0.30	)		10.01		11.81			2,094		1.72			1.25			3.95
R5		9.24		0.40		0.70			1.10			(0.33	)		–			(0.33	)		10.01		12.15			2,103		1.42			0.95			4.25
Y		9.21		0.41		0.69			1.10			(0.33	)		–			(0.33	)		9.98		12.25			75,221		1.31			0.90			4.37
From May 31, 2011 (commencement of operations), through October 31, 2011  (H)
A(I)	$	10.00	$	0.14	$	(0.77	)	$	(0.63	)	$	(0.13	)(J)	$	–		$	(0.13	)	$	9.24		(6.37	)%(K)	$	17,895		1.66	%(L)		1.20	%(L)		3.77	%(L)
C(I)		10.00		0.11		(0.77	)		(0.66	)		(0.10	)(J)		–			(0.10	)		9.24		(6.64	)(K)		4,178		2.40	(L)		1.94	(L)		3.00	(L)
I(I)		10.00		0.14		(0.77	)		(0.63	)		(0.14	)(J)		–			(0.14	)		9.23		(6.37	)(K)		8,900		1.52	(L)		1.00	(L)		3.86	(L)
R3(I)		10.00		0.14		(0.79	)		(0.65	)		(0.11	)(J)		–			(0.11	)		9.24		(6.50	)(K)		1,888		2.05	(L)		1.55	(L)		3.48	(L)
R4(I)		10.00		0.15		(0.78	)		(0.63	)		(0.13	)(J)		–			(0.13	)		9.24		(6.39	)(K)		1,872		1.75	(L)		1.25	(L)		3.78	(L)
R5(I)		10.00		0.16		(0.78	)		(0.62	)		(0.14	)(J)		–			(0.14	)		9.24		(6.28	)(K)		1,874		1.45	(L)		0.95	(L)		4.08	(L)
Y(I)		10.00		0.15		(0.80	)		(0.65	)		(0.14	)(J)		–			(0.14	)		9.21		(6.56	)(K)		13,397		1.36	(L)		0.90	(L)		4.13	(L)

See Portfolio Turnover information on the next page.

38

The Hartford Emerging Markets Local Debt Fund

Financial Highlights – (continued)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Included in this amount are tax distributions from capital of ($0.36).

(E) Included in this amount are tax distributions from capital of ($0.30).

(F) Included in this amount are tax distributions from capital of ($0.39).

(G) Included in this amount are tax distributions from capital of ($0.34).

(H) Net investment income (loss) per share amounts have been calculated using the SEC method.

(I) Commenced operations on May 31, 2011.

(J) Included in this amount are tax distributions from capital of ($0.02).

(K) Not annualized.

(L) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		144	%
For the Year Ended October 31, 2013		95
For the Year Ended October 31, 2012		99
From May 31, 2011 (commencement of operations) through October 31, 2011		61	(A)

(A) Not annualized.

39

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Emerging Markets Local Debt Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Emerging Markets Local Debt Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

40

The Hartford Emerging Markets Local Debt Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

41

The Hartford Emerging Markets Local Debt Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

42

The Hartford Emerging Markets Local Debt Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

43

The Hartford Emerging Markets Local Debt Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

44

The Hartford Emerging Markets Local Debt Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	985.50	$	6.26	$	1,000.00	$	1,018.90	$	6.36		1.25	%		184		365
Class C	$	1,000.00	$	981.90	$	9.99	$	1,000.00	$	1,015.12	$	10.16		2.00			184		365
Class I	$	1,000.00	$	986.00	$	4.81	$	1,000.00	$	1,020.37	$	4.89		0.96			184		365
Class R3	$	1,000.00	$	984.10	$	7.75	$	1,000.00	$	1,017.39	$	7.88		1.55			184		365
Class R4	$	1,000.00	$	985.60	$	6.26	$	1,000.00	$	1,018.91	$	6.36		1.25			184		365
Class R5	$	1,000.00	$	986.00	$	4.75	$	1,000.00	$	1,020.42	$	4.84		0.95			184		365
Class Y	$	1,000.00	$	987.30	$	4.51	$	1,000.00	$	1,020.67	$	4.58		0.90			184		365

45

The Hartford Emerging Markets Local Debt Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Emerging Markets Local Debt Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

46

The Hartford Emerging Markets Local Debt Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

47

The Hartford Emerging Markets Local Debt Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis and that certain factors were identified by HFMC as having had a potential impact on the negotiation of the Fund’s sub-advisory fee levels. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 5^th quintile of its expense group. The Board noted that the Fund has a temporary contractual expense cap on each share class through February 28, 2015 as well as an automatically renewable contractual expense cap on each share class. These arrangements resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

48

The Hartford Emerging Markets Local Debt Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

49

The Hartford Emerging Markets Local Debt Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price) and call risk (the risk that an investment may be redeemed early).

Foreign Investment, Emerging Markets and Sovereign Debt Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. Sovereign debt investments are subject to credit risk and the risk of default.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

Non-Diversified Risk: The Fund is non-diversified, so it may be more exposed to the risks associated with individual issuers than a diversified fund.

50

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-EMLD14 12/14 113971-3 Printed in U.S.A.

HARTFORDFUNDS

The Hartford Emerging

Markets Research Fund 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Emerging Markets Research Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	12
Statement of Operations for the Year Ended October 31, 2014	13
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	14
Notes to Financial Statements	15
Financial Highlights	27
Report of Independent Registered Public Accounting Firm	29
Directors and Officers (Unaudited)	30
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	32
Quarterly Portfolio Holdings Information (Unaudited)	32
Federal Tax Information (Unaudited)	33
Expense Example (Unaudited)	34
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	35
Main Risks (Unaudited)	39

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Emerging Markets Research Fund inception 05/31/2011

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term capital appreciation.

Performance Overview 5/31/11 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			Since      Inception▲
Emerging Markets Research  A#		0.70	%		-2.32	%
Emerging Markets Research  A##		-4.84	%		-3.92	%
Emerging Markets Research  C#		-0.06	%		-3.02	%
Emerging Markets Research  C##		-1.05	%		-3.02	%
Emerging Markets Research  I#		1.14	%		-1.96	%
Emerging Markets Research  R3#		0.42	%		-2.57	%
Emerging Markets Research  R4#		0.71	%		-2.28	%
Emerging Markets Research  R5#		1.11	%		-1.98	%
Emerging Markets Research  Y#		1.05	%		-1.91	%
MSCI Emerging Markets Index		0.98	%		-1.14	%

▲	Inception: 05/31/2011
#	Without sales charge
##	With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 21 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Emerging Markets Research Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Emerging Markets Research  Class A		1.75	%		1.83	%
Emerging Markets Research  Class C		2.43	%		2.43	%
Emerging Markets Research  Class I		1.35	%		1.35	%
Emerging Markets Research  Class R3		1.95	%		2.04	%
Emerging Markets Research  Class R4		1.65	%		1.74	%
Emerging Markets Research  Class R5		1.35	%		1.44	%
Emerging Markets Research  Class Y		1.30	%		1.34	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Manager

Cheryl M. Duckworth, CFA

Managing Director and Associate Director, Global Industry Research

How did the Fund perform?

The Class A shares of The Hartford Emerging Markets Research Fund returned 0.70%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the MSCI Emerging Markets Index, which returned 0.98% for the same period. The Fund also underperformed the 1.16% average return of the Lipper Emerging Markets Equity Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Globally, equities rose during the period, despite bouts of volatility; however, emerging market equities underperformed their developed market counterparts. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old stock rally continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided bullish sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the five-year-old global stock rally in the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank (ECB) and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. Despite these positives, many market participants found ample reason to reassess their risk appetites (i.e. reduce risks), given the strong bull market in recent years.

The Fund’s underperformance relative to the MSCI Emerging Markets Index was driven primarily by weak stock selection in the Telecommunications Services, Energy and Industrials sectors. This was more than offset by stronger stock selection in the Information Technology, Materials and Financials sectors over the period.

Out-of-benchmark positions in Tullow Oil (Energy), Motor Oil Hellas (Energy) and GS Holdings (Energy) were the top detractors from benchmark-relative performance during the period. Tullow Oil, a U.K.-based multinational oil and gas exploration company, underperformed as oil prices dropped and market attention turned to U.S. shale companies and smaller exploration and production companies. Tullow also reported mixed drilling results. Motor Oil Hellas is a Greek crude oil refinery company and offers petroleum products and lubricants. Shares of Motor Oil Hellas declined on general market weakness as continued political uncertainty and economic concerns weighed on stocks. GS Holdings, a South Korean holding company with oil refining as its main business line, saw its shares decline as oil prices fell over the period which negatively impacted earnings, as did South Korean won depreciation causing large foreign exchange translation losses. Petrobras (Energy) and Sberbank of Russia (Financials) detracted from absolute performance.

Top contributors to the Fund’s benchmark-relative performance were ICICI Bank (Financials), Coway (Consumer Discretionary), and Fosun International (Materials). ICICI Bank, an India-based large private bank, saw shares rise as expectations grew for increased asset quality driven by government led reforms. Shares of South Korea-based Coway, a direct marketing home appliance sales and rentals company that develops, manufactures, maintains and markets environment-related products, such as water purifiers, air cleaners and water softeners, moved higher as rental operations saw strong growth and sales in China continued to be strong. Shares of Fosun International, a China-based privately held conglomerate engaged in steel, mining, property, and pharmaceuticals, rose as the market reacted positively to the company’s recent acquisitions of Portuguese insurance companies

3

The Hartford Emerging Markets Research Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

as a signal of Fosun’s transition to an asset-light business model. Tencent Holdings (Information Technology) was also a top contributor to the Fund’s absolute performance.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

During the period, we increased our overweight to China as we initiated a new position in Petrochina based on our belief that significant regulatory reform is improving the transparency and profitability of the company and that Petrochina is improving capital efficiency and raising returns by divesting downstream assets. We moved from an overweight position in South Korea to an underweight position as we eliminated Samsung electronics from the Fund as we believe the company is underestimating local competition in the Chinese market which we believe will dampen their growth going forward.

At the end of the period, the Fund was overweight China, India and Greece and underweight Taiwan, Brazil and South Korea, relative to its benchmark.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		6.3	%
Consumer Staples		8.8
Energy		10.9
Financials		29.7
Health Care		1.9
Industrials		4.1
Information Technology		16.6
Materials		10.4
Services		7.1
Utilities		3.5
Total		99.3	%
Short-Term Investments		1.1
Other Assets and Liabilities		(0.4	)
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

Currency Concentration of Securities
as of October 31, 2014
	Percentage of
Description	Net Assets
Brazilian Real		4.3	%
British Pound		1.0
Canadian Dollar		0.1
Czech Koruna		0.8
Euro		5.2
Hong Kong Dollar		28.2
Indian Rupee		11.3
Indonesian New Rupiah		1.3
Kenyan Shilling		0.9
Malaysian Ringgit		3.8
Mexican New Peso		1.8
Nigerian Naira		0.4
Philippine Peso		2.1
Republic of Korea Won		9.8
Singapore Dollar		0.5
South African Rand		5.8
Sri Lankan Rupee		0.2
Taiwanese Dollar		7.0
Thai Bhat		2.8
Turkish New Lira		1.1
United Arab Emirates Dirham		0.4
United States Dollar		11.6
Other Assets and Liabilities		(0.4	)
Total		100.0	%

4

The Hartford Emerging Markets Research Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.1%
		Brazil - 4.0%
	99	CETIP S.A. - Mercados Organizado	$	1,257
	92	Hypermarcas S.A. ●		640
	52	Itau Unibanco Banco Multiplo S.A. ADR		772
	26	Localiza Rent a Car S.A.		368
	730	Petroleo Brasileiro S.A.		4,498
	75	Raia Drogasil S.A.		676
				8,211
		Canada - 0.1%
	360	Ivanhoe Mines Ltd. ●		271
		Cayman Islands - 0.2%
	392	HC International, Inc. ●		481
		China - 20.1%
	25	21Vianet Group, Inc. ADR ●		524
	8	Alibaba Group Holding Ltd. ●		818
	6,162	AMVIG Holdings Ltd.		2,884
	205	Anta Sports Products Ltd.		402
	2	Baidu, Inc. ADR ●		597
	5,203	China Construction Bank		3,882
	457	China Pacific Insurance Co., Ltd.		1,708
	3,853	China Petroleum & Chemical Corp. Class H		3,341
	221	China Shenhua Energy Co., Ltd.		624
	4,202	China Suntien Green Energy		1,116
	798	China Unicom Ltd.		1,199
	339	ENN Energy Holdings Ltd.		2,197
	6,304	GOME Electrical Appliances Holdings Ltd.		993
	4,459	Greatview Aseptic Packaging Co., Ltd.		2,921
	1,086	Guangdong Investment Ltd.		1,429
	943	Huabao International Holdings Ltd.		674
	5,235	Industrial & Commercial Bank of China Ltd.		3,476
	856	Intime Retail Group Co., Ltd.		745
	12	JD.com, Inc. ●		294
	994	Lenovo Group Ltd.		1,465
	353	Longfor Properties		409
	2,259	PetroChina Co., Ltd.		2,828
	1,578	PICC Property and Casualty Co., Ltd.		2,894
	380	Shandong Weigao Group Medical Polymer Co., Ltd.		384
	232	Sinopharm Medicine Holding Co., Ltd.		908
	1,082	Sunny Optical Technology Group		1,752
	151	Tingyi Holding Corp.		376
				40,840
		Colombia - 0.5%
	76	Grupo Aval Acciones y Valores S.A.		1,027
		Czech Republic - 0.8%
	7	Komercni Banka A.S.		1,535
		Greece - 4.9%
	3,447	Alpha Bank A.E. ●		2,247
	137	Hellenic Exchanges - Athens Stock Exchange S.A.		925
	246	Hellenic Telecommunications Organization S.A. ●		2,780
	237	Motor Oil Hellas Corinth Refineries S.A.		1,737
	1,490	Piraeus Bank S.A. ●		2,166
				9,855
		Hong Kong - 9.0%
	191	AAC Technologies Holdings, Inc.		1,144
	216	AIA Group Ltd.		1,207
	265	China Mengniu Dairy Co.		1,170
	208	China Overseas Land & Investment Ltd.		603
	2,917	Fosun International		3,460
	403	Kingboard Chemical Holdings Ltd.		793
	2,080	MMT Ltd.		696
	6,976	Sinotrans Shipping Ltd. ●		1,908
	385	Tencent Holdings Ltd. ●		6,185
	744	Towngas China Co., Ltd.		781
	1,612	Trinity Ltd.		389
				18,336
		India - 11.9%
	128	Alstom India Ltd.		1,102
	197	Alstom T&D India Ltd.		1,201
	210	Bharti Airtel Ltd.		1,368
	22	Dr. Reddy's Laboratories Ltd. ADR		1,137
	12	Glaxosmithkline Consumer Healthcare Ltd.		1,095
	4,850	GMR Infrastructure Ltd.		1,707
	50	HCL Technologies Ltd.		1,318
	157	ICICI Bank Ltd.		4,175
	368	Idea Cellular Ltd.		974
	543	Infrastructure Development Finance Co., Ltd.		1,382
	109	ING Vysya Bank Ltd.		1,140
	376	ITC Ltd.		2,177
	53	J.K. Lakshmi Cement Ltd. ●		316
	115	Marico Ltd.		581
	467	Power Grid Corp. of India Ltd.		1,108
	45	Reliance Industries Ltd.		723
	65	Sun Pharmaceutical Industries Ltd.		898
	43	Tata Consultancy Services Ltd.		1,826
				24,228
		Indonesia - 1.3%
	1,480	Bank Tabungan Pensiunan Nasional Tbk ●		518
	387	Matahari Department Store Tbk		468
	78	PT Gudang Garam Tbk		375
	9,242	Sumber Alfaria Trijaya Tbk ●		402
	2,668	Vale Indonesia Tbk PT		836
				2,599
		Kazakhstan - 0.5%
	78	Kcell JSC ■		1,048
		Kenya - 0.9%
	955	Equity Bank Ltd. ●		540
	8,674	Safaricom Ltd.		1,178
				1,718
		Malaysia - 3.8%
	797	7-Eleven Malaysia Holdings ●		405
	1,300	AMMB Holdings Berhad		2,680
	69	British American Tobacco Malaysia Bhd		1,467
	290	Genting Malaysia Berhad		379
	1,043	MY EG Services BHD		1,274
	240	Petronas Dagangan Berhad		1,490
				7,695
		Mexico - 2.8%
	84	America Movil S.A.B. de C.V. ADR		2,052
	716	Concentradora Fibra Hotelera		1,205
	578	Corporacion Inmobiliaria Vesta S. de RL de C.V.		1,270
	492	Wal-Mart de Mexico S.A.B. de C.V.		1,141
				5,668
		Nigeria - 0.4%
	6,974	Zenith Bank plc		895

The accompanying notes are an integral part of these financial statements.

5

The Hartford Emerging Markets Research Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.1% - (continued)
		Papua New Guinea - 0.4%
	71	New Britain Palm Oil Ltd.	$	774
		Peru - 1.4%
	98	Southern Copper Corp.		2,823
		Philippines - 2.1%
	180	Jollibee Foods Corp.		785
	1,709	LT Group, Inc.		542
	716	Metropolitan Bank & Trust Co.		1,317
	969	Robinsons Land Corp.		530
	249	Universal Robina Corp.		1,030
				4,204
		Romania - 0.4%
	59	Electrica S.A. ■●		793
		Russia - 2.0%
	36	MegaFon OAO GDR §		841
	35	MMC Norilsk Nickel OJSC ADR		646
	217	OAO Gazprom Class S ADR		1,435
	221	OAO Rosneft Oil Co. GDR §		1,230
				4,152
		Singapore - 0.5%
	325	Petra Foods Ltd.		964
		South Africa - 5.8%
	73	Adcock Ingram Holdings Ltd. ●		327
	404	Discovery Ltd.		3,676
	23	Imperial Holdings Ltd.		391
	28	Naspers Ltd.		3,447
	78	Pick n Pay Stores Ltd.		376
	651	RMI Holdings		2,319
	171	Woolworths Holdings Ltd.		1,215
				11,751
		South Korea - 10.2%
	7	BGF Retail Co., Ltd. ●		424
	5	Coway Co., Ltd.		348
	15	Doosan Corp.		1,560
	44	GS Holdings Corp.		1,701
	114	Hana Financial Holdings		3,957
	85	Hynix Semiconductor, Inc. ●		3,787
	6	Hyundai Mobis Co., Ltd.		1,392
	4	Hyundai Motor Co., Ltd.		624
	10	Korea Electric Power Corp.		434
	17	Korea Electric Power Corp. ADR		367
	2	LG Chem Ltd.		433
	7	Lotte Chemical Corp.		939
	2	Posco Ltd.		474
	82	Shinhan Financial Group Co., Ltd.		3,838
	9	Shinhan Financial Group Co., Ltd. ADR		432
				20,710
		Sri Lanka - 0.2%
	39	Ceylon Tobacco Co. plc		342
		Taiwan - 7.0%
	65	Catcher Technology Co., Ltd.		545
	225	Delta Electronics, Inc.		1,348
	16	Hermes Microvision, Inc.		752
	9	Largan Precision Co., Ltd.		666
	1,658	Oriental Union Chemical Corp.		1,254
	121	Pchome Online, Inc.		1,228
	124	President Chain Store Corp.		929
	29	Silergy Corp.		200
	1,555	Taiwan Semiconductor Manufacturing Co., Ltd.		6,741
	381	Vanguard International Semiconductor Corp.		572
				14,235
		Thailand - 2.8%
	1,026	Precious Shipping Public Co., Ltd.		671
	1,594	PTT Chemical Public Co., Ltd.		3,025
	256	Robinson Department Store, PCL ●		402
	480	Total Access Communication Public Co., Ltd.		1,525
				5,623
		Turkey - 1.1%
	26	Coca-Cola Icecek		592
	203	Turkcell Iletisim Hizmetleri AS ●		1,177
	55	Ulker Biskuvi Sanayi AS ●		404
				2,173
		United Arab Emirates - 0.4%
	879	Emaar Malls Group PJSC ●		769
		United Kingdom - 0.6%
	164	Tullow Oil plc		1,276
		Total Common Stocks
		(Cost $181,507)	$	194,996
Preferred Stocks - 0.7%
		Brazil - 0.7%
	99	Banco Itau Holding	$	1,473
		Total Preferred Stocks
		(Cost $1,237)	$	1,473
Warrants - 1.2%
		Greece - 0.3%
	394	Alpha Bank A.E.	$	632
		Russia - 0.5%
	804	Micex AP Generis ⌂■		1,084
		United Kingdom - 0.4%
	23	British American Tobacco ⌂†		817
		Total Warrants
		(Cost $2,631)	$	2,533

The accompanying notes are an integral part of these financial statements.

6

The Hartford Emerging Markets Research Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Exchange Traded Funds - 1.3%
		United States - 1.3%
	52	iShares Core MSCI Emerging Markets ETF	$	2,618
		Total Exchange Traded Funds
		(Cost $2,555)	$	2,618
		Total Long-Term Investments
		(Cost $187,930)	$	201,620
Short-Term Investments - 1.1%
		Repurchase Agreements - 1.1%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $6, collateralized by U.S. Treasury Note 1.50%, 2019, value of $6)
$	6	0.08%, 10/31/2014	$	6
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $104, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $106)
	104	0.09%, 10/31/2014		104
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $28, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $29)
	28	0.08%, 10/31/2014		28
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $95, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $97)
	95	0.10%, 10/31/2014		95
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $358, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $365)
	357	0.08%, 10/31/2014		357
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $411, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $419)
	411	0.09%, 10/31/2014		411
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $24, collateralized by U.S. Treasury Note 0.88%, 2017, value of $24)
	24	0.13%, 10/31/2014		24
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $35, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $36)
	35	0.07%, 10/31/2014		35

	Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $368, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $375)
368	0.08%, 10/31/2014				368
	TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $713, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $727)
713	0.10%, 10/31/2014				713
					2,141
	Total Short-Term Investments
	(Cost $2,141)			$	2,141
	Total Investments
	(Cost $190,071) ▲	100.4	%	$	203,761
	Other Assets and Liabilities	(0.4	)%		(850	)
	Total Net Assets	100.0	%	$	202,911

The accompanying notes are an integral part of these financial statements.

7

The Hartford Emerging Markets Research Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $192,296 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	24,159
Unrealized Depreciation		(12,694	)
Net Unrealized Appreciation	$	11,465

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $817, which represents 0.4% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

● Non-income producing.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $2,925, which represents 1.4% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $2,071, which represents 1.0% of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
06/2013 - 07/2013		23	British American Tobacco Warrants	$	341
06/2013 - 03/2014		804	Micex AP Generis Warrants - 144A		1,353

At October 31, 2014, the aggregate value of these securities was $1,901, which represents 0.9% of total net assets.

Foreign Currency Contracts Outstanding at October 31, 2014
								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
HKD	Buy	11/04/2014	BCLY	$	691	$	691	$	–	$	–
HKD	Buy	11/03/2014	UBS		1,814		1,814		–		–
IDR	Buy	11/04/2014	JPM		17		17		–		–
SGD	Sell	11/05/2014	BCLY		53		53		–		–
SGD	Sell	11/03/2014	SSG		38		38		–		–
ZAR	Sell	11/04/2014	NAB		139		137		2		–
Total								$	2	$	–

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

8

The Hartford Emerging Markets Research Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
JPM	JP Morgan Chase & Co.
NAB	National Australia Bank Limited
SSG	State Street Global Markets LLC
UBS	UBS AG
Currency Abbreviations:
HKD	Hong Kong Dollar
IDR	Indonesian New Rupiah
SGD	Singapore Dollar
ZAR	South African Rand
Other Abbreviations:
ADR	American Depositary Receipt
ETF	Exchange Traded Fund
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GDR	Global Depositary Receipt
GNMA	Government National Mortgage Association

 The accompanying notes are an integral part of these financial statements.

9

The Hartford Emerging Markets Research Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Brazil	$	8,211	$	8,211	$	–	$	–
Canada		271		271		–		–
Cayman Islands		481		481		–		–
China		40,840		8,038		32,802		–
Colombia		1,027		1,027		–		–
Czech Republic		1,535		–		1,535		–
Greece		9,855		–		9,855		–
Hong Kong		18,336		603		17,733		–
India		24,228		5,198		19,030		–
Indonesia		2,599		–		2,599		–
Kazakhstan		1,048		1,048		–		–
Kenya		1,718		1,178		540		–
Malaysia		7,695		1,490		6,205		–
Mexico		5,668		5,668		–		–
Nigeria		895		–		895		–
Papua New Guinea		774		774		–		–
Peru		2,823		2,823		–		–
Philippines		4,204		–		4,204		–
Romania		793		–		793		–
Russia		4,152		4,152		–		–
Singapore		964		964		–		–
South Africa		11,751		2,646		9,105		–
South Korea		20,710		1,223		19,487		–
Sri Lanka		342		342		–		–
Taiwan		14,235		–		14,235		–
Thailand		5,623		–		5,623		–
Turkey		2,173		–		2,173		–
United Arab Emirates		769		769		–		–
United Kingdom		1,276		–		1,276		–
Total	$	194,996	$	46,906	$	148,090	$	–
Exchange Traded Funds		2,618		2,618		–		–
Preferred Stocks		1,473		1,473		–		–
Warrants		2,533		1,716		–		817
Short-Term Investments		2,141		–		2,141		–
Total	$	203,761	$	52,713	$	150,231	$	817
Foreign Currency Contracts*	$	2	$	–	$	2	$	–
Total	$	2	$	–	$	2	$	–
Liabilities:
Foreign Currency Contracts*	$	–	$	–	$	–	$	–
Total	$	–	$	–	$	–	$	–

♦ For the year ended October 31, 2014, investments valued at $6,628 were transferred from Level 1 to Level 2, and investments valued at $17,781 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

10

The Hartford Emerging Markets Research Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *		Balance as of October 31, 2014
Assets:
Warrants		—	$	37	$	332	†	$	—	$	—	$	(77	)	$	525	$	—	$	817
Total	$	—	$	37	$	332		$	—	$	—	$	(77	)	$	525	$	—	$	817

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $332.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

11

The Hartford Emerging Markets Research Fund

 Statement of Assets and Liabilities

 October 31, 2014  

 (000’s Omitted)

Assets:
Investments in securities, at market value (cost $190,071)	$	203,761
Cash		1
Foreign currency on deposit with custodian (cost $192)		192
Unrealized appreciation on foreign currency contracts		2
Receivables:
Investment securities sold		2,072
Fund shares sold		251
Dividends and interest		57
Other assets		60
Total assets		206,396
Liabilities:
Unrealized depreciation on foreign currency contracts		—
Payables:
Investment securities purchased		3,403
Fund shares redeemed		9
Investment management fees		46
Administrative fees		—
Distribution fees		1
Accrued expenses		26
Total liabilities		3,485
Net assets	$	202,911
Summary of Net Assets:
Capital stock and paid-in-capital	$	175,102
Undistributed net investment income		1,827
Accumulated net realized gain		12,293
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		13,689
Net assets	$	202,911
Shares authorized		600,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.09/$9.62
Shares outstanding		1,211
Net assets	$	11,009
Class C: Net asset value per share	$	8.92
Shares outstanding		293
Net assets	$	2,617
Class I: Net asset value per share	$	9.09
Shares outstanding		335
Net assets	$	3,045
Class R3: Net asset value per share	$	9.02
Shares outstanding		214
Net assets	$	1,927
Class R4: Net asset value per share	$	9.06
Shares outstanding		204
Net assets	$	1,850
Class R5: Net asset value per share	$	9.09
Shares outstanding		205
Net assets	$	1,868
Class Y: Net asset value per share	$	9.08
Shares outstanding		19,885
Net assets	$	180,595

The accompanying notes are an integral part of these financial statements.

12

The Hartford Emerging Markets Research Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	6,142
Interest		61
Less: Foreign tax withheld		(677	)
Total investment income		5,526
Expenses:
Investment management fees		2,834
Administrative services fees
Class R3		4
Class R4		3
Class R5		2
Transfer agent fees
Class A		25
Class C		4
Class I		—
Class R3		—
Class R4		—
Class Y		4
Distribution fees
Class A		24
Class C		25
Class R3		10
Class R4		5
Custodian fees		69
Accounting services fees		59
Registration and filing fees		93
Board of Directors' fees		7
Audit fees		32
Other expenses		65
Total expenses (before waivers and fees paid indirectly)		3,265
Expense waivers		(103	)
Management fee waivers		(83	)
Commission recapture		(12	)
Total waivers and fees paid indirectly		(198	)
Total expenses, net		3,067
Net Investment Income		2,459
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		14,011
Less: Foreign taxes paid on realized capital gains		(206	)
Net realized loss on foreign currency contracts		(297	)
Net realized gain on other foreign currency transactions		19
Net Realized Gain on Investments and Foreign Currency Transactions		13,527
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(11,828	)
Net unrealized appreciation of foreign currency contracts		5
Net unrealized appreciation of translation of other assets and liabilities in foreign currencies		—
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(11,823	)
Net Gain on Investments and Foreign Currency Transactions		1,704
Net Increase in Net Assets Resulting from Operations	$	4,163

The accompanying notes are an integral part of these financial statements.

13

The Hartford Emerging Markets Research Fund

Statement of Changes in Net Assets

 (000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	2,459		$	2,734
Net realized gain on investments and foreign currency transactions		13,527			3,459
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(11,823	)		12,732
Net Increase in Net Assets Resulting from Operations		4,163			18,925
Distributions to Shareholders:
From net investment income
Class A		(47	)		(1	)
Class I		(20	)		(17	)
Class R3		(5	)		(4	)
Class R4		(10	)		(9	)
Class R5		(15	)		(14	)
Class Y		(2,081	)		(1,775	)
Total from net investment income		(2,178	)		(1,820	)
From net realized gain on investments
Class A		(76	)		—
Class C		(25	)		—
Class I		(22	)		—
Class R3		(17	)		—
Class R4		(16	)		—
Class R5		(17	)		—
Class Y		(2,145	)		—
Total from net realized gain on investments		(2,318	)		—
Total distributions		(4,496	)		(1,820	)
Capital Share Transactions:
Class A		3,196			(524	)
Class C		(10	)		445
Class I		768			152
Class R3		23			28
Class R4		27			9
Class R5		32			14
Class Y		(56,023	)		50,403
Net increase (decrease) from capital share transactions		(51,987	)		50,527
Net Increase (Decrease) in Net Assets		(52,320	)		67,632
Net Assets:
Beginning of period		255,231			187,599
End of period	$	202,911		$	255,231
Undistributed (distributions in excess of) net investment income	$	1,827		$	2,000

The accompanying notes are an integral part of these financial statements.

14

The Hartford Emerging Markets Research Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Emerging Markets Research Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge. All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the

15

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date. 

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-

16

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Statement of Operations as a reduction to net realized gain on investments in these securities.  

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

17

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund had no when-issued or delayed-delivery investments as of October 31, 2014.

18

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:
	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	2	$	—	$	—	$	—	$	—	$	2
Total	$	—	$	2	$	—	$	—	$	—	$	—	$	2
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	—

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:
	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Loss on Derivatives Recognized as a Result of Operations:
Net realized loss on foreign currency contracts	$	—	$	(297	)	$	—	$	—	$	—	$	—	$	(297	)
Total	$	—	$	(297	)	$	—	$	—	$	—	$	—	$	(297	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	5		$	—	$	—	$	—	$	—	$	5
Total	$	—	$	5		$	—	$	—	$	—	$	—	$	5

19

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The derivatives held by the Fund as of October 31, 2014 are not subject to a master netting arrangement; therefore, no balance sheet offsetting disclosure is presented.

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

20

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	2,739	$	1,820
Long-Term Capital Gains ‡		1,757		—

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	8,226
Undistributed Long-Term Capital Gain		8,119
Unrealized Appreciation*		11,464
Total Accumulated Earnings	$	27,809

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(454	)
Accumulated Net Realized Gain (Loss)		454

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

21

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million	1.2000%
On next $250 million	1.1500%
On next $500 million	1.1000%
On next $4 billion	1.0750%
On next $5 billion	1.0725%
Over $10 billion	1.0700%

HFMC contractually agreed to waive investment management fees of 0.10% of average daily net assets until February 28, 2014. These amounts are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.025%
On next $5 billion	0.020%
Over $10 billion	0.015%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. From March 1, 2014 through October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.75%	2.50%	1.50%	1.95%	1.65%	1.35%	1.30%

From November 1, 2013 through February 28, 2014, the investment manager contractually limited the total operating expenses of the Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expense as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.65%	2.40%	1.40%	1.85%	1.55%	1.25%	1.20%

22

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.72	%
Class C		2.42
Class I		1.29
Class R3		1.91
Class R4		1.61
Class R5		1.31
Class Y		1.26

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $62 and contingent deferred sales charges of an amount which rounds to zero from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

23

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class C		44	%		1	%
Class I		61			1
Class R3		95			1
Class R4		100	*		1
Class R5		100			1

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		67	%

* Percentage rounds to 100%.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	250,621	$	—	$	250,621
Sales Proceeds		305,687		—		305,687

24

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		886		14		(578	)		322			564		—		(637	)		(73	)
Amount	$	8,176	$	123	$	(5,103	)	$	3,196		$	4,910	$	1	$	(5,435	)	$	(524	)
Class C
Shares		83		3		(94	)		(8	)		89		—		(40	)		49
Amount	$	743	$	25	$	(778	)	$	(10	)	$	779	$	—	$	(334	)	$	445
Class I
Shares		158		5		(78	)		85			35		2		(21	)		16
Amount	$	1,413	$	42	$	(687	)	$	768		$	311	$	17	$	(176	)	$	152
Class R3
Shares		1		3		(1	)		3			3		—		—			3
Amount	$	11	$	22	$	(10	)	$	23		$	27	$	4	$	(3	)	$	28
Class R4
Shares		—		3		—			3			—		1		—			1
Amount	$	1	$	26	$	—		$	27		$	—	$	9	$	—		$	9
Class R5
Shares		—		3		—			3			—		2		—			2
Amount	$	—	$	32	$	—		$	32		$	—	$	14	$	—		$	14
Class Y
Shares		4,315		481		(10,770	)		(5,974	)		11,941		200		(6,403	)		5,738
Amount	$	38,496	$	4,225	$	(98,744	)	$	(56,023	)	$	104,218	$	1,775	$	(55,590	)	$	50,403
Total
Shares		5,443		512		(11,521	)		(5,566	)		12,632		205		(7,101	)		5,736
Amount	$	48,840	$	4,495	$	(105,322	)	$	(51,987	)	$	110,245	$	1,820	$	(61,538	)	$	50,527

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to

25

The Hartford Emerging Markets Research Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

26

The Hartford Emerging Markets Research Fund

Financial Highlights

	- Selected Per-Share Data - (A)																									- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	9.16	$	0.06		$	–		$	0.06		$	(0.05	)	$	(0.08	)	$	(0.13	)	$	9.09		0.70	%	$	11,009		1.86	%		1.72	%		0.64	%
C		9.01		(0.01	)		–			(0.01	)		–			(0.08	)		(0.08	)		8.92		(0.06	)		2,617		2.50			2.42			(0.12	)
I		9.15		0.10			–			0.10			(0.08	)		(0.08	)		(0.16	)		9.09		1.14			3,045		1.37			1.29			1.08
R3		9.09		0.04			(0.01	)		0.03			(0.02	)		(0.08	)		(0.10	)		9.02		0.42			1,927		2.05			1.92			0.45
R4		9.13		0.07			(0.01	)		0.06			(0.05	)		(0.08	)		(0.13	)		9.06		0.71			1,850		1.75			1.62			0.76
R5		9.15		0.10			–			0.10			(0.08	)		(0.08	)		(0.16	)		9.09		1.11			1,868		1.45			1.32			1.06
Y		9.15		0.10			(0.01	)		0.09			(0.08	)		(0.08	)		(0.16	)		9.08		1.05			180,595		1.34			1.26			1.08
For the Year Ended October 31, 2013
A	$	8.43	$	0.06		$	0.67		$	0.73		$	–		$	–		$	–		$	9.16		8.69	%	$	8,141		1.83	%		1.65	%		0.68	%
C		8.34		0.01			0.66			0.67			–			–			–			9.01		8.03			2,712		2.43			2.29			0.06
I		8.45		0.10			0.67			0.77			(0.07	)		–			(0.07	)		9.15		9.14			2,290		1.35			1.21			1.11
R3		8.39		0.04			0.68			0.72			(0.02	)		–			(0.02	)		9.09		8.59			1,918		2.04			1.85			0.47
R4		8.43		0.07			0.67			0.74			(0.04	)		–			(0.04	)		9.13		8.84			1,835		1.74			1.55			0.76
R5		8.45		0.09			0.68			0.77			(0.07	)		–			(0.07	)		9.15		9.13			1,848		1.44			1.25			1.06
Y		8.46		0.11			0.67			0.78			(0.09	)		–			(0.09	)		9.15		9.28			236,487		1.34			1.20			1.25
For the Year Ended October 31, 2012
A	$	8.22	$	0.09		$	0.12		$	0.21		$	–		$	–		$	–		$	8.43		2.59	%	$	8,104		2.05	%		1.58	%		1.09	%
C		8.20		0.02			0.12			0.14			–			–			–			8.34		1.71			2,102		2.78			2.31			0.30
I		8.23		0.11			0.13			0.24			(0.02	)		–			(0.02	)		8.45		2.88			1,975		1.73			1.26			1.37
R3		8.21		0.06			0.12			0.18			–			–			–			8.39		2.19			1,747		2.42			1.85			0.75
R4		8.22		0.09			0.12			0.21			–			–			–			8.43		2.55			1,686		2.12			1.55			1.05
R5		8.23		0.11			0.12			0.23			(0.01	)		–			(0.01	)		8.45		2.85			1,693		1.82			1.25			1.35
Y		8.23		0.16			0.09			0.25			(0.02	)		–			(0.02	)		8.46		3.01			170,292		1.38			0.91			1.97
From May 31, 2011 (commencement of operations), through October 31, 2011  (D)
A(E)	$	10.00	$	(0.01	)	$	(1.77	)	$	(1.78	)	$	–		$	–		$	–		$	8.22		(17.80	)%(F)	$	5,931		1.97	%(G)		1.48	%(G)		( 0.19	)%(G)
C(E)		10.00		(0.03	)		(1.77	)		(1.80	)		–			–			–			8.20		(18.00	)(F)		1,909		2.71	(G)		2.22	(G)		( 0.93	)(G)
I(E)		10.00		–			(1.77	)		(1.77	)		–			–			–			8.23		(17.70	)(F)		1,708		1.69	(G)		1.20	(G)		0.06	(G)
R3(E)		10.00		(0.02	)		(1.77	)		(1.79	)		–			–			–			8.21		(17.90	)(F)		1,642		2.38	(G)		1.85	(G)		( 0.59	)(G)
R4(E)		10.00		(0.01	)		(1.77	)		(1.78	)		–			–			–			8.22		(17.80	)(F)		1,644		2.08	(G)		1.55	(G)		( 0.29	)(G)
R5(E)		10.00		–			(1.77	)		(1.77	)		–			–			–			8.23		(17.70	)(F)		1,646		1.78	(G)		1.25	(G)		–	(G)
Y(E)		10.00		–			(1.77	)		(1.77	)		–			–			–			8.23		(17.70	)(F)		7,409		1.69	(G)		1.20	(G)		0.05	(G)

See Portfolio Turnover information on the next page.

27

The Hartford Emerging Markets Research Fund

Financial Highlights – (continued)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

(E) Commenced operations on May 31, 2011.

(F) Not annualized.

(G) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		106	%
For the Year Ended October 31, 2013		112
For the Year Ended October 31, 2012		128
From May 31, 2011 (commencement of operations) through October 31, 2011		39	(A)

(A) Not annualized.

28

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of
The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Emerging Markets Research Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Emerging Markets Research Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

29

The Hartford Emerging Markets Research Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

        Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

        Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

        Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

        Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

30

The Hartford Emerging Markets Reseach Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

        In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

        Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

        Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

        Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

        Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

        Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

31

The Hartford Emerging Markets Reseach Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

        Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

        Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

        Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

        Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

        Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

        Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

32

The Hartford Emerging Markets Research Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

33

The Hartford Emerging Markets Research Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,015.20	$	8.89	$	1,000.00	$	1,016.38	$	8.89		1.75	%	184	365
Class C	$	1,000.00	$	1,011.30	$	12.51	$	1,000.00	$	1,012.77	$	12.52		2.47		184	365
Class I	$	1,000.00	$	1,017.50	$	6.76	$	1,000.00	$	1,018.50	$	6.77		1.33		184	365
Class R3	$	1,000.00	$	1,014.20	$	9.90	$	1,000.00	$	1,015.37	$	9.91		1.95		184	365
Class R4	$	1,000.00	$	1,015.20	$	8.38	$	1,000.00	$	1,016.89	$	8.39		1.65		184	365
Class R5	$	1,000.00	$	1,017.50	$	6.87	$	1,000.00	$	1,018.40	$	6.87		1.35		184	365
Class Y	$	1,000.00	$	1,017.50	$	6.61	$	1,000.00	$	1,018.65	$	6.62		1.30		184	365

34

The Hartford Emerging Markets Research Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Emerging Markets Research Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

35

The Hartford Emerging Markets Research Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

36

The Hartford Emerging Markets Research Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 4^th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

37

The Hartford Emerging Markets Research Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

38

The Hartford Emerging Markets Research Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Small/Mid-Cap Stock Risk: Small- and mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

39

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services. 

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-EMR14 12/14 113972-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD EQUITY INCOME FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Equity Income Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	9
Statement of Operations for the Year Ended October 31, 2014	10
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	11
Notes to Financial Statements	12
Financial Highlights	23
Report of Independent Registered Public Accounting Firm	25
Directors and Officers (Unaudited)	26
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	28
Quarterly Portfolio Holdings Information (Unaudited)	28
Federal Tax Information (Unaudited)	29
Expense Example (Unaudited)	30
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	31
Main Risks (Unaudited)	35

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Equity Income Fund inception 08/28/2003
(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks a high level of current income consistent with growth of capital.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Equity Income A#		12.19	%		15.34	%		8.86	%
Equity Income A##		6.02	%		14.04	%		8.25	%
Equity Income B#		12.15	%		14.61	%		8.14	%*
Equity Income B##		7.15	%		14.37	%		8.14	%*
Equity Income C#		11.36	%		14.50	%		8.08	%
Equity Income C##		10.36	%		14.50	%		8.08	%
Equity Income I#		12.54	%		15.63	%		9.11	%
Equity Income R3#		11.81	%		14.96	%		8.69	%
Equity Income R4#		12.13	%		15.30	%		8.94	%
Equity Income R5#		12.47	%		15.69	%		9.22	%
Equity Income Y#		12.61	%		15.79	%		9.31	%
Russell 1000 Value Index		16.46	%		16.49	%		7.90	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses.

Russell 1000 Value Index is an unmanaged index that measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index is an unmanaged index that measures the performance of the 1,000 largest companies in the Russell 3000 Index, which measures the performance of the 3,000 largest U.S. companies, based on total market capitalizations.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Equity Income Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Equity Income Class A		1.06	%		1.06	%
Equity Income Class B		1.94	%		1.94	%
Equity Income Class C		1.79	%		1.79	%
Equity Income Class I		0.78	%		0.78	%
Equity Income Class R3		1.38	%		1.38	%
Equity Income Class R4		1.08	%		1.08	%
Equity Income Class R5		0.77	%		0.77	%
Equity Income Class Y		0.67	%		0.67	%

* As shown in the Fund's prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014. Net expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014, and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date.  However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
W. Michael Reckmeyer, III, CFA	Karen H. Grimes, CFA	Ian R. Link, CFA
Senior Vice President and Equity Portfolio Manager	Senior Vice President and Equity Portfolio Manager	Director and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Equity Income Fund returned 12.19%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned 16.46% for the same period. The Fund also underperformed the 12.41% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities surged during the period, despite bouts of significant volatility. After finishing their best year since 1997, U.S. stocks began 2014 with their worst month in nearly two years. Worries about a slowdown in China and general angst surrounding emerging markets overshadowed a fairly benign domestic environment. However, robust merger and acquisition activity and an uncontested increase in the debt ceiling from Congress helped stoke investors' risk appetites in February. The rally continued in May amid renewed signs of life in the housing market and the best payroll gain in more than two years. However, a pullback in July ended a streak of five consecutive monthly gains. Fear gripped the market as heightened geopolitical risks, a potential Portuguese banking crisis, and worries of the U.S. Federal Reserve tightening took center stage. Stocks rebounded in August as investors were emboldened by encouraging economic data, headlined by better-than-expected Gross Domestic Product (GDP) growth and signs that the housing recovery still had legs. In September, U.S. equities retreated for just the third month this year. Despite solid manufacturing and consumer confidence readings, the reality of quantitative easing ending and the prospect of higher federal funds rates in mid-2015 contributed to increased risk aversion levels. Stocks finished a volatile October at an all-time high on the heels of a positive earnings season and generally solid economic data. Returns also varied noticeably by market-cap, as small- and mid-cap stocks underperformed large-cap stocks.

During the period all ten sectors within the Russell 1000 Value Index posted positive absolute returns, with Information Technology (+31%), Healthcare (+25%), and Utilities (+21%) performing the best. Energy (+5%), Telecommunication Services (+5%), and Consumer Discretionary (+10%) lagged the index on a relative basis during the period.

Overall, underperformance versus the Fund’s benchmark was driven by weak security selection, primarily within the Consumer Staples and Information Technology sectors. This more than offset positive stock selection within Utilities and Financials. Sector allocation, driven by our bottom-up stock selection process, also detracted from relative returns during the period, primarily due to an underweight to Financials and an overweight to Consumer Staples. A modest cash position in an upward trending market also detracted from relative performance.

Top detractors from relative performance during the period included Eaton Corp (Industrials), Mattel (Consumer Discretionary), and Suncor (Energy). Shares of Eaton, a global diversified electric equipment manufacturer, moved lower during the quarter on slower global growth, which led to lowered earnings guidance by the company. Shares of Mattel, a worldwide leader in the design, manufacture, and marketing of toys and family products, fell due to slow sales growth - the company is struggling to adapt to children moving away from traditional toys in favor of electronic products at a younger age. Shares of Suncor, a producer of crude oil, primarily

3

The Hartford Equity Income Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

from the oil sands in Alberta, Canada, were depressed on a misconception that revenues were dependent on the approval of the XL Pipeline. Top detractors from absolute performance also included Akzo Nobel.

Top contributors to relative returns included Home Depot (Consumer Discretionary), Microsoft (Information Technology), and UGI Corp (Utilities). Shares of Home Depot, a U.S.-based home improvement retailer, outperformed over the quarter as the company exhibited accelerating sales trends, which were broad-based across categories and geographies. Shares of Microsoft, a U.S.-based developer of a range of software products and services sold globally, rose as their technology advantage finally began to play-out. In addition, Microsoft’s new CEO has received high marks for revitalizing the business culture and direction of the company. Shares of UGI Corp, a U.S.-based utility network, rose over the period as the company continued to benefit from heating oil to natural gas conversions. Top absolute contributors for the period also included Merck & Co (Healthcare) and Wells Fargo (Financials).

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We believe U.S. fundamentals remain supportive of moderate growth, but acknowledge that some risks have increased since the start of the year. Geopolitical risks have picked-up, headlined by the continued conflicts in the Middle East, potential terrorist threats, Ebola worries, tougher Russian sanctions, and highly publicized cyber-security attacks.

After three years of fiscal consolidation, it appears that this policy drag is starting to fade, which we expect will support growth. We believe U.S. GDP could grow within a fairly stable 2.5% to 3% range over the next 12 to 18 months. We believe that deleveraging in the U.S. is largely behind us, with data suggesting that private-sector debt is now growing again. Corporate credit was first to rise, and recently household and financial sector credit started to grow. At the end of the period, our largest overweights were to the Industrials and Telecommunication Services sectors, while our largest underweights were to the Financials and Consumer Discretionary sectors, relative to the Fund’s benchmark.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		5.7	%
Consumer Staples		8.4
Energy		12.1
Financials		23.2
Health Care		13.8
Industrials		12.5
Information Technology		10.4
Materials		3.5
Services		3.6
Utilities		6.2
Total		99.4	%
Short-Term Investments		0.5
Other Assets and Liabilities		0.1
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford Equity Income Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 99.4%
		Banks - 10.1%
	1,090	BB&T Corp.	$	41,277
	474	M&T Bank Corp.		57,926
	1,067	PNC Financial Services Group, Inc.		92,151
	1,041	US Bancorp		44,367
	2,758	Wells Fargo & Co.		146,422
				382,143
		Capital Goods - 10.7%
	409	3M Co.		62,937
	73	Caterpillar, Inc.		7,423
	1,307	Eaton Corp. plc		89,392
	2,834	General Electric Co.		73,140
	372	Illinois Tool Works, Inc.		33,826
	79	Lockheed Martin Corp.		15,048
	393	Schneider Electric S.A.		30,958
	875	United Technologies Corp.		93,589
				406,313
		Commercial and Professional Services - 0.7%
	536	Waste Management, Inc.		26,183
		Consumer Services - 0.9%
	363	McDonald's Corp.		33,991
		Diversified Financials - 6.0%
	292	Ameriprise Financial, Inc.		36,824
	200	BlackRock, Inc.		68,272
	2,023	JP Morgan Chase & Co.		122,341
				227,437
		Energy - 12.1%
	1,071	Chevron Corp.		128,445
	386	ConocoPhillips Holding Co.		27,872
	793	Enbridge, Inc.		37,547
	1,181	Exxon Mobil Corp.		114,243
	627	Occidental Petroleum Corp.		55,798
	780	Royal Dutch Shell plc Class B		28,816
	1,851	Suncor Energy, Inc.		65,792
				458,513
		Food and Staples Retailing - 1.2%
	266	Sysco Corp.		10,264
	453	Wal-Mart Stores, Inc.		34,526
				44,790
		Food, Beverage and Tobacco - 6.2%
	302	Anheuser-Busch InBev N.V. ADR		33,549
	431	Coca-Cola Co.		18,034
	287	Diageo plc ADR		33,915
	1,147	Kraft Foods Group, Inc.		64,620
	470	Philip Morris International, Inc.		41,841
	1,125	Unilever N.V. NY Shares ADR		43,567
				235,526
		Health Care Equipment and Services - 0.8%
	443	Baxter International, Inc.		31,073
		Household and Personal Products - 1.0%
	433	Procter & Gamble Co.		37,762
		Insurance - 7.1%
	757	ACE Ltd.		82,730
	276	Chubb Corp.		27,473
	2,096	Marsh & McLennan Cos., Inc.		113,941
	855	MetLife, Inc.		46,391
				270,535
		Materials - 3.5%
	496	Akzo Nobel N.V.		33,101
	818	Dow Chemical Co.		40,428
	467	E.I. DuPont de Nemours & Co.		32,277
	528	Nucor Corp.		28,565
				134,371
		Media - 1.8%
	886	Thomson Reuters Corp.		32,975
	1,828	WPP plc		35,700
				68,675
		Pharmaceuticals, Biotechnology and Life Sciences - 13.0%
	480	AstraZeneca plc ADR		35,016
	535	Bristol-Myers Squibb Co.		31,108
	435	Eli Lilly & Co.		28,820
	1,216	Johnson & Johnson		131,023
	2,114	Merck & Co., Inc.		122,509
	2,689	Pfizer, Inc.		80,538
	217	Roche Holding AG		63,951
				492,965
		Retailing - 3.0%
	1,180	Home Depot, Inc.		115,031
		Semiconductors and Semiconductor Equipment - 5.0%
	1,299	Analog Devices, Inc.		64,455
	2,336	Intel Corp.		79,435
	971	Maxim Integrated Products, Inc.		28,477
	390	Texas Instruments, Inc.		19,368
				191,735
		Software and Services - 3.7%
	2,240	Microsoft Corp.		105,158
	1,488	Symantec Corp.		36,938
				142,096
		Technology Hardware and Equipment - 1.7%
	2,569	Cisco Systems, Inc.		62,861
		Telecommunication Services - 3.6%
	864	BCE, Inc.		38,386
	1,969	Verizon Communications, Inc.		98,919
				137,305
		Transportation - 1.1%
	404	United Parcel Service, Inc. Class B		42,370
		Utilities - 6.2%
	3,954	National Grid plc		58,671
	328	NextEra Energy, Inc.		32,868
	839	Northeast Utilities		41,396
	1,447	UGI Corp.		54,547
	1,383	Xcel Energy, Inc.		46,299
				233,781
		Total Common Stocks
		(Cost $2,967,174)	$	3,775,456
		Total Long-Term Investments
		(Cost $2,967,174)	$	3,775,456

The accompanying notes are an integral part of these financial statements.

5

The Hartford Equity Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Short-Term Investments - 0.5%
Repurchase Agreements - 0.5%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $50, collateralized by U.S. Treasury Note 1.50%, 2019, value of $51)
$	50	0.08%, 10/31/2014	$	50
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $853, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $870)
	853	0.09%, 10/31/2014		853
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $229, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $234)
	229	0.08%, 10/31/2014		229
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $777, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $792)
	777	0.10%, 10/31/2014		777
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,927, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $2,985)
	2,927	0.08%, 10/31/2014		2,927
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3,364, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $3,431)
	3,364	0.09%, 10/31/2014		3,364
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $194, collateralized by U.S. Treasury Note 0.88%, 2017, value of $198)
	194	0.13%, 10/31/2014		194
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $286, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $292)
	286	0.07%, 10/31/2014		286
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3,011, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $3,072)
	3,011	0.08%, 10/31/2014		3,011
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,835, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $5,952)
	5,835	0.10%, 10/31/2014		5,835
				17,526
		Total Short-Term Investments
		(Cost $17,526)	$	17,526

Total Investments
(Cost $2,984,700) ▲	99.9	%	$	3,792,982
Other Assets and Liabilities	0.1	%		5,564
Total Net Assets	100.0	%	$	3,798,546

The accompanying notes are an integral part of these financial statements.

6

The Hartford Equity Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease.

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $2,992,847 and the aggregate gross unrealized appreciation and depreciation based on that cost were:    

Unrealized Appreciation	$	821,599
Unrealized Depreciation		(21,464	)
Net Unrealized Appreciation	$	800,135

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

7

The Hartford Equity Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	3,775,456	$	3,524,259	$	251,197	$	–
Short-Term Investments		17,526		–		17,526		–
Total	$	3,792,982	$	3,524,259	$	268,723	$	–

♦	For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.
‡	The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

8

The Hartford Equity Income Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $2,984,700)	$	3,792,982
Cash		—
Receivables:
Fund shares sold		7,041
Dividends and interest		4,510
Other assets		156
Total assets		3,804,689
Liabilities:
Payables:
Fund shares redeemed		5,031
Investment management fees		441
Dividends		—
Administrative fees		6
Distribution fees		190
Accrued expenses		475
Total liabilities		6,143
Net assets	$	3,798,546
Summary of Net Assets:
Capital stock and paid-in-capital	$	2,890,791
Undistributed net investment income		3,690
Accumulated net realized gain		95,833
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		808,232
Net assets	$	3,798,546
Shares authorized		600,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$19.04/$20.15
Shares outstanding		102,494
Net assets	$	1,951,760
Class B: Net asset value per share	$	19.05
Shares outstanding		1,135
Net assets	$	21,619
Class C: Net asset value per share	$	18.96
Shares outstanding		24,187
Net assets	$	458,695
Class I: Net asset value per share	$	18.97
Shares outstanding		47,610
Net assets	$	903,048
Class R3: Net asset value per share	$	19.06
Shares outstanding		3,061
Net assets	$	58,349
Class R4: Net asset value per share	$	19.08
Shares outstanding		4,022
Net assets	$	76,746
Class R5: Net asset value per share	$	19.15
Shares outstanding		4,794
Net assets	$	91,827
Class Y: Net asset value per share	$	19.19
Shares outstanding		12,327
Net assets	$	236,502

The accompanying notes are an integral part of these financial statements.

9

The Hartford Equity Income Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	103,655
Interest		38
Less: Foreign tax withheld		(1,847	)
Total investment income		101,846
Expenses:
Investment management fees		22,239
Administrative services fees
Class R3		108
Class R4		113
Class R5		83
Transfer agent fees
Class A		2,193
Class B		60
Class C		397
Class I		800
Class R3		3
Class R4		2
Class R5		1
Class Y		3
Distribution fees
Class A		4,792
Class B		62
Class C		4,087
Class R3		270
Class R4		188
Custodian fees		28
Accounting services fees		429
Registration and filing fees		350
Board of Directors' fees		90
Audit fees		37
Other expenses		546
Total expenses (before fees paid indirectly)		36,881
Commission recapture		(22	)
Custodian fee offset		—
Total fees paid indirectly		(22	)
Total expenses, net		36,859
Net Investment Income		64,987
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		104,406
Net realized loss on foreign currency contracts		(314	)
Net realized gain on other foreign currency transactions		237
Net Realized Gain on Investments and Foreign Currency Transactions		104,329
Net Changes in Unrealized Appreciation of Investments and Foreign Currency Transactions:
Net unrealized appreciation of investments		236,233
Net unrealized appreciation of foreign currency contracts		25
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(72	)
Net Changes in Unrealized Appreciation of Investments and Foreign Currency Transactions		236,186
Net Gain on Investments and Foreign Currency Transactions		340,515
Net Increase in Net Assets Resulting from Operations	$	405,502

The accompanying notes are an integral part of these financial statements.

10

The Hartford Equity Income Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	64,987		$	46,208
Net realized gain on investments and foreign currency transactions		104,329			99,920
Net unrealized appreciation of investments and foreign currency transactions		236,186			363,864
Net Increase in Net Assets Resulting from Operations		405,502			509,992
Distributions to Shareholders:
From net investment income
Class A		(34,679	)		(27,383	)
Class B		(404	)		(320	)
Class C		(4,615	)		(2,873	)
Class I		(16,809	)		(8,971	)
Class R3		(800	)		(579	)
Class R4		(1,339	)		(849	)
Class R5		(1,655	)		(609	)
Class Y		(4,604	)		(2,779	)
Total from net investment income		(64,905	)		(44,363	)
From net realized gain on investments
Class A		(55,603	)		(17,898	)
Class B		(824	)		(407	)
Class C		(10,991	)		(2,426	)
Class I		(20,987	)		(3,825	)
Class R3		(1,527	)		(357	)
Class R4		(2,092	)		(370	)
Class R5		(2,344	)		(132	)
Class Y		(5,214	)		(1,114	)
Total from net realized gain on investments		(99,582	)		(26,529	)
Total distributions		(164,487	)		(70,892	)
Capital Share Transactions:
Class A		75,450			280,222
Class B		(7,146	)		(5,855	)
Class C		95,050			133,201
Class I		201,333			327,339
Class R3		6,780			17,908
Class R4		6,256			32,230
Class R5		14,257			58,448
Class Y		53,569			70,312
Net increase from capital share transactions		445,549			913,805
Net Increase in Net Assets		686,564			1,352,905
Net Assets:
Beginning of period		3,111,982			1,759,077
End of period	$	3,798,546		$	3,111,982
Undistributed (distributions in excess of) net investment income	$	3,690		$	3,707

The accompanying notes are an integral part of these financial statements.

11

The Hartford Equity Income Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Equity Income Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

12

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when

13

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal

14

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund had no when-issued or delayed-delivery investments as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

15

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund had no outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

The volume of derivative activity was minimal during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Loss on Derivatives Recognized as a Result of Operations:
Net realized loss on foreign currency contracts	$	—	$	(314	)	$	—	$	—	$	—	$	—	$	(314	)
Total	$	—	$	(314	)	$	—	$	—	$	—	$	—	$	(314	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	25		$	—	$	—	$	—	$	—	$	25
Total	$	—	$	25		$	—	$	—	$	—	$	—	$	25

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net

16

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	70,154	$	44,364
Long-Term Capital Gains ‡		94,333		26,528

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:

	Amount
Undistributed Ordinary Income	$	15,727
Undistributed Long-Term Capital Gain		91,943
Unrealized Appreciation*		800,085
Total Accumulated Earnings	$	907,755

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(99	)
Accumulated Net Realized Gain (Loss)		99

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss

17

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million	0.7500%
On next $250 million	0.7000%
On next $500 million	0.6500%
On next $1.5 billion	0.6000%
On next $2.5 billion	0.5900%
Over $5 billion	0.5875%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.012%
Over $5 billion	0.010%

18

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B *	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.25%	2.00%	2.00%	1.00%	1.50%	1.20%	0.90%	0.85%

* The reduction in amounts charged in connection with Class B Distribution and Service Plan (12b-1) fees that took effect July 1, 2013, in order to comply with applicable FINRA rules, caused the limit on net operating expenses attributable to Class B shares to be, effectively, 1.25%.

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.03	%
Class B		1.16
Class C		1.76
Class I		0.76
Class R3		1.37
Class R4		1.06
Class R5		0.76
Class Y		0.66

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $6,452 and contingent deferred sales charges of $108 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Effective July 1, 2013, there was a reduction in the amount charged in connection with the Class B shares’ Rule 12b-1 fee from 1.00% to 0.25% in accordance with applicable FINRA rules, although it is possible that such fees may be charged in the future. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with

19

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $6. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	850,784	$	—	$	850,784
Sales Proceeds		441,369		—		441,369

20

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		23,291		4,984		(23,749	)		4,526			29,669		2,880		(15,303	)		17,246
Amount	$	424,828	$	88,779	$	(438,157	)	$	75,450		$	484,521	$	44,537	$	(248,836	)	$	280,222
Class B
Shares		58		66		(511	)		(387	)		192		46		(592	)		(354	)
Amount	$	1,064	$	1,164	$	(9,374	)	$	(7,146	)	$	3,136	$	698	$	(9,689	)	$	(5,855	)
Class C
Shares		7,415		786		(2,939	)		5,262			9,476		312		(1,708	)		8,080
Amount	$	134,841	$	13,876	$	(53,667	)	$	95,050		$	156,112	$	4,787	$	(27,698	)	$	133,201
Class I
Shares		23,322		1,902		(14,129	)		11,095			24,936		740		(5,757	)		19,919
Amount	$	426,332	$	33,880	$	(258,879	)	$	201,333		$	409,508	$	11,623	$	(93,792	)	$	327,339
Class R3
Shares		1,014		121		(759	)		376			1,572		56		(499	)		1,129
Amount	$	18,525	$	2,155	$	(13,900	)	$	6,780		$	25,193	$	872	$	(8,157	)	$	17,908
Class R4
Shares		1,318		164		(1,114	)		368			2,590		61		(660	)		1,991
Amount	$	23,994	$	2,931	$	(20,669	)	$	6,256		$	42,339	$	967	$	(11,076	)	$	32,230
Class R5
Shares		2,276		195		(1,709	)		762			3,820		40		(428	)		3,432
Amount	$	42,018	$	3,501	$	(31,262	)	$	14,257		$	64,964	$	659	$	(7,175	)	$	58,448
Class Y
Shares		4,720		505		(2,249	)		2,976			5,731		216		(1,602	)		4,345
Amount	$	86,202	$	9,100	$	(41,733	)	$	53,569		$	93,522	$	3,417	$	(26,627	)	$	70,312
Total
Shares		63,414		8,723		(47,159	)		24,978			77,986		4,351		(26,549	)		55,788
Amount	$	1,157,804	$	155,386	$	(867,641	)	$	445,549		$	1,279,295	$	67,560	$	(433,050	)	$	913,805

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		53	$	978
For the Year Ended October 31, 2013		51	$	837

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

21

The Hartford Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

22

The Hartford Equity Income Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	17.83	$	0.34	$	1.76	$	2.10	$	(0.33	)	$	(0.56	)	$	(0.89	)	$	19.04		12.19	%	$	1,951,760		1.03	%		1.03	%		1.83	%
B		17.82		0.32		1.77		2.09		(0.30	)		(0.56	)		(0.86	)		19.05		12.15			21,619		1.16			1.16			1.72
C		17.77		0.20		1.75		1.95		(0.20	)		(0.56	)		(0.76	)		18.96		11.36			458,695		1.76			1.76			1.08
I		17.76		0.38		1.77		2.15		(0.38	)		(0.56	)		(0.94	)		18.97		12.54			903,048		0.76			0.76			2.07
R3		17.85		0.27		1.77		2.04		(0.27	)		(0.56	)		(0.83	)		19.06		11.81			58,349		1.37			1.37			1.47
R4		17.87		0.33		1.76		2.09		(0.32	)		(0.56	)		(0.88	)		19.08		12.13			76,746		1.06			1.06			1.78
R5		17.93		0.38		1.78		2.16		(0.38	)		(0.56	)		(0.94	)		19.15		12.47			91,827		0.76			0.76			2.08
Y		17.96		0.40		1.79		2.19		(0.40	)		(0.56	)		(0.96	)		19.19		12.61			236,502		0.66			0.66			2.17
For the Year Ended October 31, 2013
A	$	14.81	$	0.32	$	3.23	$	3.55	$	(0.31	)	$	(0.22	)	$	(0.53	)	$	17.83		24.56	%	$	1,746,629		1.06	%		1.06	%		1.98	%
B		14.78		0.23		3.22		3.45		(0.19	)		(0.22	)		(0.41	)		17.82		23.87			27,131		1.65			1.65			1.44
C		14.77		0.20		3.22		3.42		(0.20	)		(0.22	)		(0.42	)		17.77		23.67			336,264		1.79			1.79			1.20
I		14.75		0.36		3.22		3.58		(0.35	)		(0.22	)		(0.57	)		17.76		24.93			648,568		0.78			0.78			2.18
R3		14.83		0.27		3.23		3.50		(0.26	)		(0.22	)		(0.48	)		17.85		24.17			47,928		1.38			1.38			1.62
R4		14.84		0.31		3.25		3.56		(0.31	)		(0.22	)		(0.53	)		17.87		24.58			65,286		1.08			1.08			1.89
R5		14.88		0.35		3.27		3.62		(0.35	)		(0.22	)		(0.57	)		17.93		24.99			72,270		0.77			0.77			2.06
Y		14.90		0.39		3.26		3.65		(0.37	)		(0.22	)		(0.59	)		17.96		25.13			167,906		0.67			0.67			2.35
For the Year Ended October 31, 2012 (D)
A	$	12.93	$	0.29	$	1.89	$	2.18	$	(0.30	)	$	–		$	(0.30	)	$	14.81		17.00	%	$	1,195,106		1.11	%		1.11	%		2.12	%
B		12.91		0.18		1.86		2.04		(0.17	)		–			(0.17	)		14.78		15.90			27,731		2.00			2.00			1.27
C		12.91		0.19		1.88		2.07		(0.21	)		–			(0.21	)		14.77		16.13			160,153		1.84			1.84			1.35
I		12.89		0.31		1.89		2.20		(0.34	)		–			(0.34	)		14.75		17.25			244,794		0.81			0.81			2.31
R3		12.96		0.24		1.90		2.14		(0.27	)		–			(0.27	)		14.83		16.63			23,077		1.42			1.42			1.72
R4		12.97		0.28		1.89		2.17		(0.30	)		–			(0.30	)		14.84		16.90			24,672		1.11			1.11			2.01
R5		12.99		0.32		1.91		2.23		(0.34	)		–			(0.34	)		14.88		17.33			8,931		0.82			0.82			2.48
Y		13.01		0.55		1.69		2.24		(0.35	)		–			(0.35	)		14.90		17.41			74,613		0.72			0.72			2.68
For the Year Ended October 31, 2011
A	$	11.99	$	0.25	$	0.93	$	1.18	$	(0.24	)	$	–		$	(0.24	)	$	12.93		9.87	%	$	826,555		1.17	%		1.17	%		1.93	%
B		11.97		0.14		0.93		1.07		(0.13	)		–			(0.13	)		12.91		8.94			29,071		2.05			2.00			1.11
C		11.97		0.15		0.94		1.09		(0.15	)		–			(0.15	)		12.91		9.13			78,710		1.89			1.89			1.20
I		11.95		0.28		0.94		1.22		(0.28	)		–			(0.28	)		12.89		10.24			52,965		0.88			0.88			2.21
R3		12.03		0.20		0.94		1.14		(0.21	)		–			(0.21	)		12.96		9.49			6,694		1.50			1.50			1.57
R4		12.03		0.25		0.93		1.18		(0.24	)		–			(0.24	)		12.97		9.87			5,651		1.18			1.18			1.92
R5		12.05		0.27		0.95		1.22		(0.28	)		–			(0.28	)		12.99		10.16			2,597		0.88			0.88			2.11
Y		12.06		0.29		0.95		1.24		(0.29	)		–			(0.29	)		13.01		10.33			178,516		0.77			0.77			2.28

See Portfolio Turnover information on the next page.

23

The Hartford Equity Income Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	10.74	$	0.21	$	1.24	$	1.45	$	(0.20	)	$	–	$	(0.20	)	$	11.99		13.63	%	$	716,700		1.20	%		1.20	%		1.86	%
B		10.72		0.13		1.23		1.36		(0.11	)		–		(0.11	)		11.97		12.73			31,038		2.08			2.00			1.07
C		10.73		0.13		1.23		1.36		(0.12	)		–		(0.12	)		11.97		12.75			57,416		1.92			1.92			1.13
I		10.72		0.23		1.23		1.46		(0.23	)		–		(0.23	)		11.95		13.76			16,462		0.93			0.93			2.06
R3		10.78		0.15		1.27		1.42		(0.17	)		–		(0.17	)		12.03		13.28			1,719		1.55			1.55			1.37
R4		10.78		0.21		1.24		1.45		(0.20	)		–		(0.20	)		12.03		13.59			2,926		1.20			1.20			1.80
R5		10.79		0.21		1.29		1.50		(0.24	)		–		(0.24	)		12.05		14.06			694		0.87			0.87			1.70
Y		10.81		0.26		1.24		1.50		(0.25	)		–		(0.25	)		12.06		14.01			71,899		0.79			0.79			2.27

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		13	%
For the Year Ended October 31, 2013		17
For the Year Ended October 31, 2012		27
For the Year Ended October 31, 2011		18
For the Year Ended October 31, 2010		27

24

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Equity Income Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Equity Income Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

25

The Hartford Equity Income Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

26

The Hartford Equity Income Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

27

The Hartford Equity Income Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

28

The Hartford Equity Income Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

29

The Hartford Equity Income Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,034.10	$	5.28	$	1,000.00	$	1,020.01	$	5.25		1.03	%		184		365
Class B	$	1,000.00	$	1,033.40	$	5.90	$	1,000.00	$	1,019.40	$	5.86		1.15			184		365
Class C	$	1,000.00	$	1,030.10	$	9.02	$	1,000.00	$	1,016.32	$	8.96		1.76			184		365
Class I	$	1,000.00	$	1,035.60	$	3.95	$	1,000.00	$	1,021.33	$	3.92		0.77			184		365
Class R3	$	1,000.00	$	1,032.40	$	7.03	$	1,000.00	$	1,018.29	$	6.98		1.37			184		365
Class R4	$	1,000.00	$	1,033.90	$	5.48	$	1,000.00	$	1,019.82	$	5.44		1.07			184		365
Class R5	$	1,000.00	$	1,035.30	$	3.94	$	1,000.00	$	1,021.33	$	3.91		0.77			184		365
Class Y	$	1,000.00	$	1,036.30	$	3.43	$	1,000.00	$	1,021.84	$	3.40		0.67			184		365

30

The Hartford Equity Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Equity Income Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

31

The Hartford Equity Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 5-year periods and the 1^st quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period, above its benchmark for the 3-year period and in line with its benchmark for the 5-year period.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

32

The Hartford Equity Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 3^rd quintile of its expense group, while its actual management fee was in the 2^nd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

33

The Hartford Equity Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

34

The Hartford Equity Income Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Value Investing Risk: Value investments are considered to be undervalued, but they may never attain their potential value. Value-style investing falls in and out of favor, which may result in periods of underperformance.

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Dividend Paying Security Investment Risk: Dividends are not guaranteed and are subject to change. Dividend paying securities as a group can fall out of favor with the market, causing the Fund to underperform.

35

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-EI14 12/14 113973-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD  
FLOATING RATE FUND   2014 Annual Report

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Floating Rate Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	15
Statement of Operations for the Year Ended October 31, 2014	16
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	17
Notes to Financial Statements	18
Financial Highlights	32
Report of Independent Registered Public Accounting Firm	34
Directors and Officers (Unaudited)	35
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	37
Quarterly Portfolio Holdings Information (Unaudited)	37
Federal Tax Information (Unaudited)	38
Expense Example (Unaudited)	39
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	40
Main Risks (Unaudited)	44

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Floating Rate Fund inception 04/29/2005

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide high current income and long-term total return.

Performance Overview 4/29/05 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			Since       Inception▲
Floating Rate A#		2.35	%		6.10	%		4.07	%
Floating Rate A##		-0.72	%		5.45	%		3.73	%
Floating Rate B#		1.44	%		5.23	%		3.39	%*
Floating Rate B##		-3.48	%		4.90	%		3.39	%*
Floating Rate C#		1.60	%		5.32	%		3.29	%
Floating Rate C##		0.61	%		5.32	%		3.29	%
Floating Rate I#		2.62	%		6.36	%		4.31	%
Floating Rate R3#		2.05	%		5.81	%		3.90	%
Floating Rate R4#		2.20	%		6.04	%		4.09	%
Floating Rate R5#		2.50	%		6.33	%		4.28	%
Floating Rate Y#		2.57	%		6.43	%		4.37	%
Credit Suisse Leveraged Loan Index		3.77	%		6.59	%		4.84	%

▲ Inception: 04/29/2005

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 3.00% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments.

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of April 23, 2012, Wellington Management Company, LLP became the sub-adviser for the Fund. At the end of a transition period of approximately four weeks ending on May 18, 2012, Hartford Investment Management Company no longer served as a sub-adviser to the Fund.

Credit Suisse Leveraged Loan Index is a market-value weighted index designed to represent the investable universe of the U.S. dollar-denominated leveraged loan market.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Floating Rate Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Floating Rate Class A		0.97	%		0.97	%
Floating Rate Class B		1.76	%		1.81	%
Floating Rate Class C		1.72	%		1.72	%
Floating Rate Class I		0.71	%		0.71	%
Floating Rate Class R3		1.26	%		1.37	%
Floating Rate Class R4		1.01	%		1.05	%
Floating Rate Class R5		0.71	%		0.77	%
Floating Rate Class Y		0.65	%		0.65	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Manager

Michael J. Bacevich

Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Floating Rate Fund returned 2.35%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the Credit Suisse Leveraged Loan Index, which returned 3.77% for the same period. The Fund also underperformed the 2.68% average return of the Lipper Loan Participation Funds peer group, a group of funds that invest primarily in interests in collateralized senior corporate loans that have floating or variable rates.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter Gross Domestic Product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened. The 3-year discount margin on the Credit Suisse Leveraged Loan Index widened over the twelve-month period.

In a period in which investors became less concerned about the possibility of rising interest rates, bank loan mutual funds saw periods of significant outflows. Through the first ten months of 2014, bank loans returns have lagged behind those of high yield bonds.

The Fund underperformed its benchmark, the Credit Suisse Leveraged Loan Index. An out-of-benchmark allocation to high yield bonds contributed to performance given the outperformance of high yield over bank loans over the period. With respect to sector allocations, the Fund benefitted from being underweight Retail Stores and Lodging but lost performance relative to the benchmark due to an overweight allocation to Metals and an underweight position in Diversified Manufacturing.

Security selection was the primary driver of the Fund’s relative underperformance during the period. Issuers that detracted from performance over the period included TXU, an electric utility company, which we did not have exposure to but is a large component of the benchmark. Despite filing for bankruptcy in 2014,

3

The Hartford Floating Rate Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

TXU had strong performance over the period. Exposure to Momentive Performance Materials, a Chemicals company that manufactures silicone and quartz products, hurt benchmark-relative performance over the period. Momentive filed for Chapter 11 bankruptcy in April 2014 and emerged after a restructuring in October 2014. Another issuer that detracted from relative returns was Caesars Entertainment in the Gaming sector. The industry has struggled due to new capacity being introduced as new states pass legislation to legalize gambling. Issuers that contributed to benchmark-relative performance over the period included Nuveen Investments, which performed strongly due to its acquisition by TIAA-CREF during the period. An overweight position to TVN Finance Corporation in the Media Non-Cable sector also helped relative performance. Lastly, underweight positions in two issuers that underperformed also helped performance – Gymboree Corporation in the retail sector and Education Management, a consumer cyclicals company.

Over the period, the Fund had a small position in high yield credit default swap index (CDX), which had a marginally positive impact on benchmark relative performance. The CDX position is used for liquidity purposes and for tactically adjusting the risk posture of the Fund.

What is the outlook?

Our outlook for bank loans remains positive, albeit with diminished return expectations. While it appears that credit quality has begun to degrade slightly with the entry of some lower-quality first-time issuers, the sector’s overall credit fundamentals seem to remain strong. Despite recent retail mutual fund outflows, we believe issuance of collateralized loan obligations (a major source of demand) continues to be robust. According to JP Morgan, there has been over $110 billion in primary market issuance of Collateralized Loan Obligations (CLOs) in the first ten months of 2014. We believe current bank loan valuations are attractive given our view of a continued benign default environment over the next few years. Additionally, we believe that the long-term potential diversification benefits of bank loans and their floating-rate nature, particularly given low absolute yields across most fixed income sectors, will eventually reassert themselves, enhancing the relative appeal of this asset class.

Our outlook for U.S. high-yield bonds remains positive, based on the steadily improving macroeconomic backdrop, our expectations that default levels will remain low, and positive corporate fundamentals. We believe that valuations are now more attractive, with spreads around their long-term historical averages, and reasonable for this point in the cycle. The trailing 12-month default rate remains below its long-term average. While we see that there has been a recent pickup in shareholder-friendly actions such as mergers & acquisition activity and leveraged buyouts at the margin, we do not believe this is likely to affect default rates in the near to medium term.

At the end of the period, we maintained an out of benchmark allocation to high yield credit and favored the metals & mining, financial services, and wireless sectors relative to the Credit Suisse Leveraged Loan Index.

Credit Exposure
as of October 31, 2014
Credit Rating *	Percentage of Net Assets
Baa/ BBB		1.1	%
Ba/ BB		19.6
B		68.2
Caa/ CCC or Lower		7.4
Not Rated		2.2
Non-Debt Securities and Other Short-Term Instruments		2.0
Other Assets and Liabilities		(0.5	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type
as of October 31, 2014
Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.1	%
Exchange Traded Funds		1.4
Total		1.5	%
Fixed Income Securities
Corporate Bonds		8.7	%
Senior Floating Rate Interests		89.8
Total		98.5	%
Short-Term Investments		0.5
Other Assets and Liabilities		(0.5	)
Total		100.0	%

4

The Hartford Floating Rate Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 8.7%
		Accommodation and Food Services - 0.2%
		Sugarhouse HSP Gaming Prop Mezz L.P.
$	10,575	6.38%, 06/01/2021 ■‡	$	10,125
		Agriculture, Forestry, Fishing and Hunting - 0.1%
		Tembec Industries, Inc.
	5,685	9.00%, 12/15/2019 ■‡		5,756
		Arts, Entertainment and Recreation - 0.5%
		Bougeot Bidco plc
GBP	5,000	7.88%, 07/15/2020 §		7,999
		Chester Downs & Marina LLC
	10,189	9.25%, 02/01/2020 ■‡		9,068
		Gray Television, Inc.
	4,030	7.50%, 10/01/2020		4,216
		Lin Television Corp. Media Genral Financial Sub
	5,000	5.88%, 11/15/2022 ■		5,037
		Snai S.p.A.
EUR	1,925	7.63%, 06/15/2018 §		2,385
				28,705
		Chemical Manufacturing - 0.4%
		Hexion Specialty Chemicals
	7,500	8.88%, 02/01/2018 ‡		7,415
		Hexion U.S. Finance Corp.
	6,816	6.63%, 04/15/2020 ‡		6,816
		Momentive Performance Materials, Inc.
	11,050	3.88%, 10/24/2021		9,614
				23,845
		Computer and Electronic Product Manufacturing - 0.2%
		Alcatel-Lucent USA, Inc.
	5,035	6.75%, 11/15/2020 ■‡		5,186
		Ceridian LLC
	5,000	8.13%, 11/15/2017 ■		5,000
				10,186
		Construction - 0.2%
		Empresas ICA S.A.B de C.V.
	5,715	8.88%, 05/29/2024 ■‡		5,801
		Paragon Offshore plc
	8,570	7.25%, 08/15/2024 ■‡		6,556
				12,357
		Finance and Insurance - 2.8%
		Access Bank plc
	7,000	9.25%, 06/24/2021 ■		7,035
		Banco Bilbao Vizcaya Argentaria S.A.
EUR	7,400	7.00%, 12/29/2049 §		9,512
		Banco do Brasil S.A.
	8,990	9.00%, 06/18/2024 ■‡♠		8,837
		Banco Santander S.A.
EUR	11,300	6.25%, 03/12/2049 §		13,860
		Bank of Ireland
EUR	4,925	10.00%, 07/30/2016 §		6,667
		Barclays Bank plc
	8,825	8.25%, 12/15/2018 ♠β		9,112
		BC Mountain LLC
	4,393	7.00%, 02/01/2021 ■		3,954
		Cimpor Financial Operations B.V.
	4,000	5.75%, 07/17/2024 ■		3,846
		Credit Agricole S.A.
	4,600	6.63%, 09/23/2019 ■‡♠Δ		4,487
	5,150	7.88%, 01/23/2024 ■♠		5,316
		Credit Suisse Group AG
	5,490	6.25%, 12/18/2024 ■♠Δ		5,339
	9,000	7.50%, 12/11/2023 ■♠		9,565
		HSBC Holdings plc
	3,560	5.63%, 01/17/2020 ♠		3,618
		Marfrig Holding Europe, B.V.
	9,000	6.88%, 06/24/2019 ■		9,135
		Nationstar Mortgage LLC
	9,795	6.50%, 07/01/2021 ‡		9,109
		Nationwide Building Society
GBP	7,600	6.88%, 03/11/2049 §		11,884
		Nuveen Investments, Inc.
	5,545	9.13%, 10/15/2017 ■‡		5,924
		Societe Generale
	4,415	6.00%, 01/27/2020 ■♠		4,161
	17,150	8.25%, 11/29/2018 §♠		18,121
		TMK OAO Via TMK Capital S.A.
	8,000	6.75%, 04/03/2020 §		7,210
		UniCredit S.p.A.
	9,200	8.00%, 06/03/2024 §♠		9,223
		YPF S.A.
	9,000	8.88%, 12/19/2018 §		9,405
				175,320
		Food Manufacturing - 0.1%
		Galapagos S.A.
EUR	4,000	4.83%, 06/15/2021 ■Δ		4,871
		R&R Ice Cream plc
GBP	1,631	5.50%, 05/15/2020 ■		2,531
				7,402
		Food Services - 0.2%
		Brakes Capital
EUR	6,665	5.08%, 12/15/2018 ■Δ		8,061
GBP	2,250	7.13%, 12/15/2018 §		3,509
				11,570
		Information - 1.6%
		Ancestry.com, Inc.
	8,100	9.63%, 10/15/2018 ■		8,080
		Equiniti Bondco plc
GBP	7,000	6.31%, 12/15/2018 ■Δ		11,170
		First Data Corp.
	2,110	8.25%, 01/15/2021 ■		2,289
	6,492	11.75%, 08/15/2021 ‡		7,612
	3,165	14.50%, 09/24/2019 ■Þ		3,308
		Infor Software Parent LLC
	5,165	7.13%, 05/01/2021 ■		5,230
		Intelsat Luxembourg S.A.
	4,270	7.75%, 06/01/2021		4,462
		Level 3 Escrow, Inc.
	7,730	5.38%, 08/15/2022 ■‡		7,865
		Level 3 Financing, Inc.
	9,000	3.82%, 01/15/2018 ‡Δ		9,023
		VimpelCom Holdings B.V.
	5,000	5.20%, 02/13/2019 §		4,857
		Wind Acquisition Finance S.A.
EUR	9,730	4.08%, 07/15/2020 ■Δ		11,977
EUR	13,375	5.34%, 04/30/2019 ■Δ		16,803
EUR	5,000	7.00%, 04/23/2021 §		6,190
				98,866

The accompanying notes are an integral part of these financial statements.

5

The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 8.7% - (continued)
		Machinery Manufacturing - 0.1%
		Titan International, Inc.
$	8,000	6.88%, 10/01/2020 ‡	$	7,220
		Nonmetallic Mineral Product Manufacturing - 0.2%
		Ardagh Finance Holdings S.A.
EUR	3,070	8.38%, 06/15/2019 ■		3,656
	5,520	8.63%, 06/15/2019 ■		5,644
				9,300
		Other Services - 0.2%
		Abengoa Finance
EUR	3,630	6.00%, 03/31/2021 ■		4,424
		Abengoa Greenfield S.A.
	10,000	6.50%, 10/01/2019 ■‡		10,025
				14,449
		Petroleum and Coal Products Manufacturing - 0.6%
		American Energy - Permian Basin LLC
	17,600	6.74%, 08/01/2019 ■Δ		15,576
		Borets Finance Ltd.
	5,000	7.63%, 09/26/2018 §‡		4,850
		KCA Deutag
	6,065	7.25%, 05/15/2021 ■		5,398
		Kosmos Energy Ltd.
	770	7.88%, 08/01/2021 §		709
		Shelf Drilling Holdings Ltd.
	4,775	8.63%, 11/01/2018 ■‡		4,715
		Ultra Petroleum Corp.
	3,180	6.13%, 10/01/2024 ■‡		3,009
				34,257
		Retail Trade - 1.1%
		Albertson's Holdings LLC
	8,000	7.75%, 10/15/2022 ■‡		7,880
		Claire's Stores, Inc.
	9,000	9.00%, 03/15/2019 ■		9,180
		Galaxy Bidco Ltd.
GBP	12,500	5.56%, 11/15/2019 ■Δ		19,516
		Matalan Finance plc
GBP	4,550	6.88%, 06/01/2019 ■‡		6,962
GBP	2,000	6.88%, 06/01/2019		3,060
		Michaels Stores, Inc.
	2,334	7.50%, 08/01/2018 ■‡		2,369
		Picard Groupe S.A.
EUR	5,220	4.46%, 08/01/2019 ■Δ		6,546
		Stretford 79 plc
GBP	8,335	4.81%, 12/29/2049 ■Δ		11,947
				67,460
		Utilities - 0.1%
		Genon Energy, Inc.
	8,000	7.88%, 06/15/2017 ‡		8,100
		Wholesale Trade - 0.1%
		Dynegy, Inc.
	5,710	6.75%, 11/01/2019 ■‡		5,910
		Total Corporate Bonds
		(Cost $550,627)	$	530,828
Senior Floating Rate Interests ♦ - 89.8%
		Accommodation and Food Services - 0.5%
		CityCenter Holdings LLC
$	25,073	4.25%, 10/16/2020	$	24,898
		ESH Hospitality, Inc.
	1,305	5.00%, 06/24/2019		1,309
		Four Seasons Holdings, Inc.
	4,690	6.25%, 12/28/2020		4,702
				30,909
		Administrative, Support, Waste Management and Remediation Services - 4.2%
		Acosta Holdco, Inc.
	40,000	5.00%, 09/26/2021		40,010
		ADS Waste Holdings, Inc.
	30,711	3.75%, 10/09/2019		30,028
		Audio Visual Services Group, Inc.
	11,109	4.50%, 01/25/2021		11,022
		Brickman Group Holdings, Inc.
	40,797	4.00%, 12/18/2020		40,054
	9,505	7.50%, 12/17/2021 ☼		9,336
		Filtration Group, Inc.
	4,620	4.50%, 11/20/2020		4,601
	2,070	8.25%, 11/22/2021		2,060
		Ipreo Holdings LLC
	8,615	4.25%, 08/06/2021		8,421
		Nets Holding A/S
EUR	13,150	4.25%, 07/09/2021		16,252
		PRA Holdings, Inc.
	29,459	4.50%, 09/23/2020		29,047
		ServiceMaster (The) Co.
	50,694	4.25%, 07/01/2021		50,198
		TransUnion LLC
	17,161	4.00%, 04/09/2021		16,936
				257,965
		Agriculture, Construction, Mining and Machinery - 2.0%
		International Equipment Solutions LLC
	10,936	6.75%, 08/16/2019		10,936
		Minimax
EUR	10,275	4.25%, 08/14/2020		10,908
		Signode Industrial Group US, Inc.
	39,367	4.00%, 05/01/2021		38,604
EUR	2,658	4.25%, 05/01/2021		3,317
		Veyance Technologies, Inc.
	60,969	5.25%, 09/08/2017		60,741
				124,506
		Air Transportation - 0.8%
		AMR Corp.
	30,106	3.75%, 06/27/2019		29,692
		Landmark Aviation
	17,401	4.75%, 10/25/2019		17,266
				46,958
		Apparel Manufacturing - 0.1%
		Bauer Performance Sports Ltd.
	7,751	4.00%, 04/15/2021		7,688
		Arts, Entertainment and Recreation - 10.5%
		24 Hour Fitness Worldwide, Inc.
	25,935	4.75%, 05/28/2021		25,870
		Aristocrat Leisure Ltd.
	38,745	4.75%, 10/20/2021		38,442
		Caesars Entertainment Operating Co., Inc.
	5,100	6.99%, 03/01/2017		4,565
	26,933	9.75%, 01/28/2018		24,845

The accompanying notes are an integral part of these financial statements.

6

The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 89.8% - (continued)
		Arts, Entertainment and Recreation - 10.5% - (continued)
		Caesars Entertainment Resort Properties LLC
$	30,845	7.00%, 10/11/2020	$	29,372
		Caesars Growth Property Holdings LLC
	47,890	6.25%, 05/08/2021		45,136
		Dex Media West LLC
	6,462	8.00%, 12/30/2016		5,774
		Formula One Holdings
	50,344	4.75%, 07/30/2021		49,925
	14,285	7.75%, 07/29/2022		14,223
		Hoyts Group Holdings LLC
	6,695	4.00%, 05/29/2020		6,595
	6,212	8.25%, 11/30/2020		6,150
		ION Media Networks, Inc.
	8,947	5.00%, 12/18/2020		8,925
		MGM Resorts International
	42,962	3.50%, 12/20/2019		42,425
		Numericable
	19,660	4.50%, 05/21/2020		19,688
		Quebecor Media, Inc.
	21,731	3.25%, 08/17/2020		21,065
		R.H. Donnelley, Inc.
	3,944	9.75%, 12/31/2016		2,773
		Salem Communications Corp.
	8,237	4.50%, 03/13/2020		8,103
		Scientific Games International, Inc.
	36,320	6.00%, 10/01/2021		35,533
		Station Casinos LLC
	39,173	4.25%, 03/02/2020		38,713
		Templar Energy
	16,045	8.50%, 11/25/2020		14,457
		Tribune Co.
	67,965	4.00%, 12/27/2020		67,349
		Univision Communications, Inc.
	117,131	4.00%, 03/01/2020		115,858
		Warner Music Group Corp.
	7,162	3.75%, 07/01/2020		6,928
		XO Communications LLC
	14,283	4.25%, 03/20/2021		14,134
				646,848
		Beverage and Tobacco Product Manufacturing - 0.4%
		DE Master Blenders 1753 N.V.
	26,250	3.50%, 07/23/2021		25,987
		Chemical Manufacturing - 3.7%
		Arysta LifeScience Corp.
	11,289	4.50%, 05/29/2020		11,236
		Axil Coating Systems
	22,987	3.75%, 02/01/2020		22,599
		CeramTec
	4,163	4.25%, 08/28/2020		4,148
EUR	1,108	4.75%, 08/28/2020		1,391
		Cytec Industries, Inc.
	1,938	4.50%, 10/03/2019		1,923
		Exopack LLC
	12,947	5.25%, 05/08/2019		12,980
		Faenza Acquisition Gmbh
	1,666	4.25%, 08/28/2020		1,660
EUR	3,642	4.75%, 08/28/2020		4,574
		Ferro Corp.
	7,130	4.00%, 07/30/2021		7,019
		Houghton International, Inc.
	13,256	4.00%, 12/20/2019		13,058
		Ineos US Finance LLC
	43,605	3.75%, 05/04/2018		43,005
		Monarch, Inc.
	3,735	4.50%, 10/03/2019		3,707
		Pinnacle Operating Corp.
	15,515	4.75%, 11/15/2018		15,398
		PQ Corp.
	14,693	4.00%, 08/07/2017		14,524
		Solenis International L.P.
	10,035	4.25%, 07/31/2021		9,884
EUR	3,000	4.50%, 07/31/2021		3,763
		Univar, Inc.
	47,904	5.00%, 06/30/2017		47,545
		Utex Industries, Inc.
	9,511	5.00%, 05/21/2021		9,374
	3,000	8.25%, 05/20/2022		2,960
				230,748
		Computer and Electronic Product Manufacturing - 3.3%
		Avago Technologies Ltd.
	34,040	3.75%, 05/06/2021		33,916
		CDW LLC
	35,964	3.25%, 04/29/2020		35,135
		Ceridian LLC
	15,741	4.12%, 05/09/2017		15,717
	18,505	4.50%, 05/09/2017		18,338
		Freescale Semiconductor, Inc.
	42,124	4.25%, 02/28/2020		41,507
	12,425	5.00%, 01/15/2021		12,396
		Micro Focus International
	31,500	5.25%, 10/07/2021 ☼		30,352
		Vantiv LLC
	14,214	3.75%, 06/13/2021		14,094
				201,455
		Construction - 1.2%
		Brand Energy & Infrastructure Services, Inc.
	24,520	4.75%, 11/26/2020		24,351
		Brock Holdings III, Inc.
	17,019	6.00%, 03/16/2017		16,721
	6,898	10.00%, 03/16/2018		6,726
		Pike Corp.
	13,560	5.25%, 10/01/2021 ☼		13,458
	4,125	8.25%, 04/03/2021 ☼		4,039
		Summit Materials LLC
	10,761	5.00%, 01/30/2019		10,775
				76,070
		Fabricated Metal Product Manufacturing - 0.2%
		Ameriforge Group, Inc.
	10,470	5.00%, 12/19/2019		10,382
		Finance and Insurance - 6.3%
		Asurion LLC
	7,337	4.25%, 07/08/2020		7,234
	37,364	5.00%, 05/24/2019		37,374
	5,715	8.50%, 03/03/2021		5,802
		Capital Automotive L.P.
	9,010	4.00%, 04/10/2019		8,961
	3,805	6.00%, 04/30/2020		3,843

The accompanying notes are an integral part of these financial statements.

7

The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 89.8% - (continued)
		Finance and Insurance - 6.3% - (continued)
		Cooper Gay Swett & Crawford Ltd.
$	9,307	5.00%, 04/16/2020	$	8,376
	5,140	8.25%, 10/16/2020		4,318
		Evertec LLC
	13,614	3.50%, 04/17/2020		13,364
		Grosvenor Capital Management L.P.
	9,925	3.75%, 01/04/2021		9,677
		Guggenheim Partners LLC
	15,147	4.25%, 07/22/2020		15,052
		Hub International Ltd.
	33,290	4.25%, 10/02/2020		32,832
		Interactive Data Corp.
	21,448	4.75%, 05/02/2021		21,438
		ION Trading Technologies Ltd.
EUR	16,758	4.50%, 06/10/2021		20,850
	10,815	7.25%, 06/10/2022		10,635
		National Financial Partners Corp.
	5,932	4.50%, 07/01/2020		5,877
		Santander Asset Management S.A.
	33,447	4.25%, 12/17/2020		33,301
EUR	7,940	4.50%, 12/17/2020		9,943
		Sedgwick CMS Holdings, Inc.
	51,009	3.75%, 03/01/2021		49,517
	13,125	6.75%, 02/28/2022		12,731
		USI Insurance Services LLC
	25,964	4.25%, 12/27/2019		25,672
		Walter Investment Management Corp.
	52,366	4.75%, 12/18/2020		49,224
				386,021
		Food Manufacturing - 2.8%
		Burton's Foods Ltd.
GBP	6,300	5.55%, 11/27/2020		9,826
		Del Monte Foods Co.
	46,169	3.50%, 03/09/2020		44,351
		Hearthside Food Solutions
	12,025	4.50%, 06/02/2021		11,942
		Hostess Brands, Inc.
	14,662	6.75%, 04/09/2020		14,910
		JBS USA LLC
	32,928	3.75%, 05/25/2018 - 09/18/2020		32,407
		Milk Specialties Co.
	8,714	7.50%, 11/09/2018		8,561
		Roundy's Supermarkets, Inc.
	24,617	5.75%, 03/03/2021		21,848
		U.S. Foodservice, Inc.
	28,881	4.50%, 03/31/2019		28,773
				172,618
		Furniture and Related Product Manufacturing - 1.0%
		AOT Bedding Super Holdings LLC
	46,641	4.25%, 10/01/2019		46,163
		Wilsonart International Holdings LLC
	16,038	4.00%, 10/31/2019		15,770
				61,933
		Health Care and Social Assistance - 6.4%
		AccentCare, Inc.
	5,945	6.50%, 12/22/2016		5,172
		Alere, Inc.
	27,081	4.25%, 06/30/2017		26,986
		American Renal Holdings, Inc.
	20,009	4.50%, 08/20/2019		19,626
	11,235	8.50%, 03/20/2020		11,010
		Ardent Medical Services, Inc.
	6,374	6.75%, 07/02/2018		6,382
		DJO Finance LLC
	18,074	4.25%, 09/15/2017		17,975
		DSI Renal, Inc.
	5,661	4.50%, 04/23/2021		5,601
	6,200	7.75%, 10/22/2021		6,169
		Healogics, Inc.
	7,490	5.25%, 07/01/2021		7,443
		Iasis Healthcare LLC
	16,219	4.50%, 05/03/2018		16,192
		Ikaria Acquisition, Inc.
	7,338	5.00%, 02/12/2021		7,336
	5,510	8.75%, 02/14/2022 ☼		5,505
		Immucor, Inc.
	17,265	5.00%, 08/19/2018		17,227
		IMS Health, Inc.
	12,313	3.50%, 03/17/2021		12,151
		inVentiv Health, Inc.
	26,758	7.75%, 05/15/2018		26,385
		One Call Medical, Inc.
	26,888	5.00%, 11/27/2020		26,754
		Ortho-Clinical Diagnostics, Inc.
	32,491	4.75%, 06/30/2021		32,134
		Pharmaceutical Product Development, Inc.
	6,291	4.00%, 12/05/2018		6,241
		Pharmedium Healthcare Corp.
	4,156	4.25%, 01/28/2021		4,082
	3,280	7.75%, 01/28/2022		3,272
		Salix Pharmaceuticals Ltd.
	2,873	4.25%, 01/02/2020		2,870
		STHI Holding Corp.
	13,155	4.50%, 08/06/2021		13,073
		Surgery Center Holdings, Inc.
	12,930	5.25%, 07/24/2020 ☼		12,906
	9,700	7.00%, 04/11/2019		9,694
	11,200	8.50%, 07/23/2021 ☼		10,983
		Truven Health Analytics, Inc.
	10,261	4.50%, 06/06/2019		10,056
		US Renal Care, Inc.
	21,401	4.25%, 07/03/2019		21,240
	3,510	8.50%, 01/03/2020		3,510
	2,666	10.25%, 01/03/2020		2,673
		Valeant Pharmaceuticals International, Inc.
	45,704	3.50%, 12/11/2019 - 08/05/2020		45,320
				395,968
		Health Care Providers and Services - 0.5%
		CRC Health Corp.
	12,736	5.25%, 03/29/2021		12,768
		Multiplan, Inc.
	17,667	4.00%, 03/31/2021		17,377
				30,145
		Information - 10.6%
		Ancestry.com, Inc.
	22,814	4.50%, 12/28/2018 ☼		22,671
		Aspect Software, Inc.
	9,519	7.25%, 05/07/2016		9,448

The accompanying notes are an integral part of these financial statements.

8

The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 89.8% - (continued)
		Information - 10.6% - (continued)
		Cabovisao-Televisao Por Cabo S.A.
$	37,640	5.50%, 07/02/2019	$	37,828
		Charter Communications Operating LLC
	25,934	3.00%, 07/01/2020 - 01/03/2021		25,453
		Eagle Parent, Inc.
	40,343	4.00%, 05/16/2018		39,965
		First Data Corp.
	94,824	3.65%, 03/23/2018 - 09/24/2018		93,875
	14,744	4.15%, 03/24/2021		14,643
		Hyland Software, Inc.
	10,287	4.75%, 02/19/2021		10,251
		Infor US, Inc.
	4,001	3.75%, 06/03/2020		3,943
EUR	3,547	4.00%, 06/03/2020		4,433
		Intelsat Jackson Holdings S.A.
	28,503	3.75%, 06/30/2019		28,254
		Kronos, Inc.
	18,229	4.50%, 10/30/2019		18,138
	4,037	9.75%, 04/30/2020		4,138
		Lawson Software, Inc.
	24,634	3.75%, 06/03/2020		24,283
		Level 3 Communications, Inc.
	80,488	4.00%, 08/01/2019 - 01/15/2020		80,010
	26,000	5.25%, 06/15/2015 ☼		25,935
		Level 3 Financing, Inc.
	11,685	4.50%, 01/31/2022 ☼		11,732
		Light Tower Fiber LLC
	17,398	4.00%, 04/13/2020		17,180
	2,078	8.00%, 04/12/2021		2,059
		Mediacom Communications Corp.
	13,250	3.25%, 01/29/2021		12,947
		MISYS plc
	25,786	5.00%, 12/12/2018		25,786
		NexTag, Inc.
	756	0.00%,06/04/2019 ●		529
		Novell, Inc.
	15,721	7.25%, 11/22/2017		15,705
		Peak 10, Inc.
	2,813	5.00%, 06/17/2021		2,798
	4,310	8.25%, 06/17/2022		4,251
		RedPrairie Corp.
	16,646	6.00%, 12/21/2018		16,102
		Syniverse Holdings, Inc.
	5,429	4.00%, 04/23/2019		5,324
		TransFirst Holding, Inc.
	16,545	4.25%, 12/27/2017		16,483
	1,500	8.00%, 06/27/2018		1,498
		Virgin Media Finance plc
	19,500	3.50%, 06/07/2020		19,213
		Virgin Media Investment Holdings Ltd.
GBP	21,800	4.25%, 06/30/2023		34,592
		WideOpenWest Finance LLC
	10,029	4.75%, 04/01/2019		10,012
		Zayo Group LLC
	12,856	4.00%, 07/02/2019		12,733
				652,212
		Media - 0.6%
		Entravision Communications Corp.
	16,179	3.50%, 05/31/2020		15,694
		Media General, Inc.
	18,466	4.25%, 07/31/2020		18,316
				34,010
		Mining - 3.1%
		Alpha Natural Resources, Inc.
	20,936	3.50%, 05/22/2020		17,865
		American Rock Salt Holdings LLC
	23,940	4.75%, 05/20/2021		23,701
	6,550	8.00%, 05/20/2022		6,566
		Arch Coal, Inc.
	82,292	6.25%, 05/16/2018		72,535
		BWAY Holding Co.
	27,396	5.50%, 08/14/2020		27,499
		Fortescue Metals Group Ltd.
	41,324	3.75%, 06/30/2019		40,277
				188,443
		Miscellaneous Manufacturing - 2.3%
		Bombardier Recreational Products, Inc.
	12,675	4.00%, 01/30/2019		12,443
		Hamilton Sundstrand Corp.
	52,465	4.00%, 12/13/2019		51,504
		Provo Craft & Novelty, Inc.
	7,727	0.00%,03/22/2016 ⌂●†		—
		Reynolds Group Holdings, Inc.
	46,115	4.00%, 11/30/2018		45,827
		Sequa Corp.
	12,165	5.25%, 06/19/2017		11,564
		TransDigm Group, Inc.
	22,193	3.75%, 02/28/2020 - 06/04/2021		21,805
				143,143
		Motor Vehicle and Parts Manufacturing - 0.8%
		Navistar, Inc.
	43,677	5.75%, 08/17/2017		43,759
		Tower Automotive Holdings USA LLC
	6,943	4.00%, 04/23/2020		6,845
				50,604
		Nonmetallic Mineral Product Manufacturing - 0.4%
		Ardagh Holdings USA, Inc.
	8,920	4.00%, 12/17/2019		8,824
		Libbey Glass, Inc.
	15,835	3.75%, 04/09/2021		15,578
				24,402
		Other Services - 2.6%
		Alliance Laundry Systems LLC
	13,108	4.25%, 12/10/2018		12,950
		Apex Tool Group LLC
	16,030	4.50%, 01/31/2020		15,188
		Gardner Denver, Inc.
	48,581	4.25%, 07/30/2020		47,867
EUR	20,759	4.75%, 07/30/2020		25,964
		Husky Injection Molding Systems Ltd.
	8,677	4.25%, 06/30/2021		8,529
		Husky International Ltd.
	4,465	7.25%, 06/30/2022		4,364
		Rexnord LLC
	43,145	4.00%, 08/21/2020		42,508
				157,370

The accompanying notes are an integral part of these financial statements.

9

The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 89.8% - (continued)
		Petroleum and Coal Products Manufacturing - 5.3%
		American Energy-Marcellus LLC
$	21,880	5.25%, 08/04/2020	$	21,278
	3,335	8.50%, 08/04/2021		3,177
		Callon Petroleum Co.
	7,195	8.50%, 10/08/2021 ☼		7,087
		Chief Exploration & Development
	17,650	7.50%, 05/16/2021		16,944
		Crosby Worldwide Ltd.
	22,024	4.00%, 11/23/2020		21,074
		Drillships Ocean Ventures, Inc.
	18,377	5.50%, 07/25/2021 ☼		17,605
		Fieldwood Energy LLC
	10,598	3.88%, 09/28/2018		10,352
		Jefferson Gulf Coast Energy Partners LLC
	7,500	9.00%, 02/27/2018 ☼		7,313
		KCA Deutag
	22,090	6.25%, 05/15/2020		21,317
		Macquarie Infrastructure Co., Inc.
	12,708	3.25%, 06/01/2020		12,507
		Ocean Rig ASA
	22,420	6.00%, 03/31/2021 ☼		21,383
		Pacific Drilling S.A.
	10,591	4.50%, 06/03/2018		10,124
		Paragon Offshore Finance Co.
	15,995	3.75%, 07/16/2021 ☼		14,969
		Peabody Energy Corp.
	19,520	4.25%, 09/24/2020		18,873
		Samson Investment Co.
	43,075	5.00%, 09/25/2018 ☼		39,652
		Seadrill Ltd.
	43,436	4.00%, 02/21/2021		40,986
		Shelf Drilling International Holdings Ltd.
	21,820	10.00%, 10/08/2018		21,493
		Western Refining, Inc.
	18,609	4.25%, 11/12/2020		18,423
				324,557
		Pipeline Transportation - 0.4%
		EMG Utica LLC
	4,800	4.75%, 03/27/2020		4,752
		Philadelphia Energy Solutions LLC
	18,142	6.25%, 04/04/2018		17,099
				21,851
		Plastics and Rubber Products Manufacturing - 0.6%
		Berry Plastics Group, Inc.
	22,475	3.50%, 02/08/2020		21,984
		Consolidated Container Co.
	6,860	5.00%, 07/03/2019		6,770
		Tricorbraun, Inc.
	7,314	4.00%, 05/03/2018		7,199
				35,953
		Primary Metal Manufacturing - 0.5%
		Novelis, Inc.
	25,836	3.75%, 03/10/2017		25,546
		WireCo WorldGroup, Inc.
	3,231	6.00%, 02/15/2017		3,235
				28,781
		Professional, Scientific and Technical Services - 2.8%
		Advantage Sales & Marketing, Inc.
	29,310	4.25%, 07/23/2021		29,032
	7,580	7.50%, 07/25/2022		7,521
		Affinion Group, Inc.
	64,593	6.75%, 04/30/2018		62,440
		AlixPartners LLP
	14,254	4.00%, 07/10/2020		14,029
	4,575	9.00%, 07/10/2021		4,632
		MoneyGram International, Inc.
	33,214	4.25%, 03/27/2020		32,107
		Paradigm Ltd.
	13,653	4.75%, 07/30/2019		13,311
		RBS Holding Co. LLC
	11,665	9.50%, 03/23/2016		6,357
				169,429
		Real Estate, Rental and Leasing - 1.6%
		DTZ U.S. Borrower LLC
	11,252	5.00%, 10/23/2021 - 10/28/2021 ☼		11,243
	5,330	8.25%, 10/28/2022 ☼		5,343
		Fly Leasing Ltd.
	10,252	4.50%, 08/09/2019		10,239
		Neff Corp.
	10,090	7.25%, 06/09/2021		10,115
		Realogy Corp.
	3,942	4.41%, 10/10/2016		3,858
		Realogy Group LLC
	58,401	3.75%, 03/05/2020		57,890
				98,688
		Retail Trade - 7.6%
		99 Cents Only Stores
	9,938	4.50%, 01/11/2019		9,860
		Albertson's LLC
	55,395	4.50%, 08/25/2021		55,405
		American Tire Distributors, Inc.
	19,467	5.75%, 06/01/2018		19,443
		Amscan Holdings, Inc.
	24,702	4.00%, 07/27/2019		24,172
		Armored AutoGroup, Inc.
	8,316	6.00%, 11/05/2016		8,279
		Cooper-Standard Automotive, Inc.
	11,865	4.00%, 04/04/2021		11,729
		FleetPride, Inc.
	15,720	5.25%, 11/19/2019		15,381
		Hillman (The) Cos., Inc.
	10,484	4.50%, 06/30/2021		10,387
		Lands' End, Inc.
	38,989	4.25%, 04/04/2021		38,047
		Mauser-Werke GmbH
	13,260	4.50%, 07/31/2021		13,045
	12,725	8.25%, 07/31/2022		12,470
		Metaldyne Performance Group, Inc.
	12,080	4.50%, 10/20/2021 ☼		12,080
		Michaels Stores, Inc.
	18,150	3.75%, 01/28/2020		17,813
	17,235	4.00%, 01/28/2020		17,013
		Neiman Marcus (The) Group, Inc.
	67,318	4.25%, 10/25/2020		66,393
		Quikrete (The) Companies, Inc.
	22,238	4.00%, 09/28/2020		22,005
	8,035	7.00%, 03/26/2021		8,115

The accompanying notes are an integral part of these financial statements.

10

The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Senior Floating Rate Interests ♦ - 89.8% - (continued)
		Retail Trade - 7.6% - (continued)
		Rite Aid Corp.
$	23,330	4.88%, 06/21/2021			$	23,271
	7,755	5.75%, 08/21/2020				7,794
		Sports (The) Authority, Inc.
	23,672	7.50%, 11/16/2017				22,252
		Supervalu, Inc.
	28,345	4.50%, 03/21/2019				27,960
		Weight Watchers International, Inc.
	34,783	4.00%, 04/02/2020				26,522
						469,436
		Soap, Cleaning Compound and Toilet Manufacturing - 0.3%
		Revlon Consumer Products Corp.
	19,041	4.00%, 10/08/2019				18,815
		Transit and Ground Passenger Transportation - 0.6%
		Emergency Medical Services Corp.
	40,429	4.00%, 05/25/2018				40,116
		Truck Transportation - 0.3%
		Nexeo Solutions LLC
	21,835	5.00%, 09/08/2017 - 09/09/2017				21,535
						21,535
		Utilities - 4.1%
		Calpine Corp.
	21,725	3.00%, 05/03/2020				21,091
	33,339	3.25%, 01/31/2022				32,464
	44,675	4.00%, 04/01/2018 - 10/31/2020				44,379
		Dynegy, Inc.
	15,925	4.00%, 04/23/2020				15,816
		Energy Future Holdings
	17,205	4.25%, 06/19/2016				17,162
		Exgen Texas Power LLC
	14,000	5.75%, 09/18/2021				14,000
		La Frontera Generation LLC
	10,976	4.50%, 09/30/2020				10,894
		PowerTeam Services LLC
	16,563	4.25%, 05/06/2020				16,163
	2,665	8.25%, 11/06/2020				2,585
		Sandy Creek Energy Associates L.P.
	12,566	5.00%, 11/09/2020				12,493
		Star West Generation LLC
	13,431	4.25%, 03/13/2020				13,296
		Texas Competitive Electric Holdings Co. LLC
	70,000	4.65%, 10/10/2017 Ψ				50,900
						251,243
		Wholesale Trade - 1.4%
		Gates Global LLC
	50,490	4.25%, 07/05/2021				49,859
		Harbor Freight Tools
	9,483	4.75%, 07/26/2019				9,474
		HD Supply, Inc.
	24,348	4.00%, 06/28/2018				24,089
						83,422
		Total Senior Floating Rate Interests
		(Cost $5,619,775)			$	5,520,211
Common Stocks - 0.1%
		Consumer Durables and Apparel - 0.0%
	3	Provo Craft & Novelty, Inc. ⌂●†			$	—
		Consumer Services - 0.0%
	3,835	NexTag, Inc. ⌂●†				—
		Energy - 0.0%
	418,220	KCA Deutag ⌂●†				2,043
		Media - 0.0%
	16	F & W Publications, Inc. ●				1,091
		Software and Services - 0.1%
	138	Momentive Performance Materials, Inc. ⌂●†				4,703
						4,703
		Total Common Stocks
		(Cost $10,663)			$	7,837
Exchange Traded Funds - 1.4%
		Other Investment Pools and Funds - 1.4%
	208	iShares 1-3 Year Credit Bond ETF			$	21,911
	117	iShares iBoxx $ High Yield Corporate Bond ETF				10,805
	1,008	PowerShares Senior Loan Portfolio				24,584
	268	SPDR Barclays High Yield Bond ETF				10,829
	356	SPDR Barclays Short Term High Yield Bond ETF				10,667
	175	SPDR Blackstone/GSO Senior Loan ETF				8,637
						87,433
		Total Exchange Traded Funds
		(Cost $88,760)			$	87,433
		Total Long-Term Investments
		(Cost $6,269,825)			$	6,146,309
Short-Term Investments - 0.5%
		Other Investment Pools and Funds - 0.5%
	31,870	JP Morgan U.S. Government Money Market Fund			$	31,870
		Total Short-Term Investments
		(Cost $31,870)			$	31,870
		Total Investments
		(Cost $6,301,695) ▲	100.5	%	$	6,178,179
		Other Assets and Liabilities	(0.5	)%		(27,785	)
		Total Net Assets	100.0	%	$	6,150,394

The accompanying notes are an integral part of these financial statements.

11

The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $6,306,356 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	15,340
Unrealized Depreciation		(143,517	)
Net Unrealized Depreciation	$	(128,177	)

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

† These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $6,746, which represents 0.1% of total net assets.

● Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.

Ψ The issuer is in bankruptcy. However, the investment held by the Fund is current with respect to interest payments.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

♦ Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown.  Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $325,070, which represents 5.3% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $116,381, which represents 1.9% of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
03/2011		418,220	KCA Deutag	$	5,668
04/2014		138	Momentive Performance Materials, Inc.		4,994
06/2014		3,835	NexTag, Inc.		–
09/2011		3	Provo Craft & Novelty, Inc.		–
09/2013 - 10/2014	$	7,727	Provo Craft & Novelty, Inc., 0.00%, 03/22/2016		1,710

At October 31, 2014, the aggregate value of these securities was $6,746, which represents 0.1% of total net assets.

β Convertible security.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

Þ This security may pay interest in the form of additional principal in lieu of cash.

The accompanying notes are an integral part of these financial statements.

12

The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $165,190 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

CAD

Buy

11/28/2014

RBC

$

273

$

271

$

–

$

(2

)

EUR

Buy

11/28/2014

BCLY

3,823

3,760

–

(63

)

EUR

Buy

11/04/2014

HSBC

2,483

2,483

–

–

EUR

Sell

11/06/2014

BCLY

3,822

3,759

63

–

EUR

Sell

11/28/2014

CBA

40,572

40,113

459

–

EUR

Sell

11/28/2014

CBK

40,561

40,118

443

–

EUR

Sell

11/28/2014

DEUT

40,549

40,119

430

–

EUR

Sell

11/28/2014

HSBC

2,484

2,484

–

–

EUR

Sell

11/28/2014

MSC

40,546

40,119

427

–

EUR

Sell

11/28/2014

RBC

40,560

40,118

442

–

GBP

Sell

11/28/2014

CBK

121,876

121,701

175

–

GBP

Sell

11/28/2014

UBS

1,262

1,259

3

–

GBP

Sell

11/28/2014

WEST

3,804

3,787

17

–

Total

$

2,459

$

(65

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
DEUT	Deutsche Bank Securities, Inc.
HSBC	HSBC Bank USA
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:
CAD	Canadian Dollar
EUR	EURO
GBP	British Pound
Other Abbreviations:
DJ	Dow Jones
ETF	Exchange Traded Fund
LIBOR	London Interbank Offered Rate
SPDR	Standard & Poor's Depositary Receipt

The accompanying notes are an integral part of these financial statements.

13

The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Consumer Durables and Apparel	$	–	$	–	$	–	$	–
Consumer Services		–		–		–		–
Energy		2,043		–		–		2,043
Media		1,091		–		1,091		–
Software and Services		4,703		–		–		4,703
Total		7,837		–		1,091		6,746
Corporate Bonds		530,828		–		530,828		–
Exchange Traded Funds		87,433		87,433		–		–
Senior Floating Rate Interests		5,520,211		–		5,520,211		–
Short-Term Investments		31,870		31,870		–		–
Total	$	6,178,179	$	119,303	$	6,052,130	$	6,746
Foreign Currency Contracts*	$	2,459	$	–	$	2,459	$	–
Total	$	2,459	$	–	$	2,459	$	–
Liabilities:
Foreign Currency Contracts*	$	65	$	–	$	65	$	–
Total	$	65	$	–	$	65	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales		Transfers Into Level 3		Transfers Out of Level 3		Balance as of October 31, 2014
Assets:
Common Stocks	$	2,899	$	—	$	(1,147	)*	$	—	$	4,994	$	—	$	—	$	—	$	6,746
Total	$	2,899	$	—	$	(1,147	)	$	—	$	4,994	$	—	$	—	$	—	$	6,746

* Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(1,147).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

14

The Hartford Floating Rate Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $6,301,695)	$	6,178,179
Cash		3,400
Unrealized appreciation on foreign currency contracts		2,459
Receivables:
Investment securities sold		140,403
Fund shares sold		9,168
Dividends and interest		30,256
Other assets		1,131
Total assets		6,364,996
Liabilities:
Unrealized depreciation on foreign currency contracts		65
Bank overdraft — foreign cash		11,686
Payables:
Investment securities purchased		184,277
Fund shares redeemed		13,381
Investment management fees		702
Dividends		3,339
Administrative fees		1
Distribution fees		440
Accrued expenses		624
Other liabilities		87
Total liabilities		214,602
Net assets	$	6,150,394
Summary of Net Assets:
Capital stock and paid-in-capital	$	6,653,509
Undistributed net investment income		6,585
Accumulated net realized loss		(388,250	)
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(121,450	)
Net assets	$	6,150,394
Shares authorized		3,200,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$8.88/$9.15
Shares outstanding		164,420
Net assets	$	1,459,463
Class B: Net asset value per share	$	8.86
Shares outstanding		2,108
Net assets	$	18,681
Class C: Net asset value per share	$	8.86
Shares outstanding		214,349
Net assets	$	1,900,141
Class I: Net asset value per share	$	8.89
Shares outstanding		261,640
Net assets	$	2,325,212
Class R3: Net asset value per share	$	8.89
Shares outstanding		2,020
Net assets	$	17,970
Class R4: Net asset value per share	$	8.87
Shares outstanding		1,315
Net assets	$	11,663
Class R5: Net asset value per share	$	8.87
Shares outstanding		423
Net assets	$	3,753
Class Y: Net asset value per share	$	8.86
Shares outstanding		46,650
Net assets	$	413,511

The accompanying notes are an integral part of these financial statements.

15

The Hartford Floating Rate Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	4,377
Interest		326,561
Less: Foreign tax withheld		(181	)
Total investment income		330,757
Expenses:
Investment management fees		41,252
Administrative services fees
Class R3		37
Class R4		19
Class R5		4
Transfer agent fees
Class A		1,464
Class B		44
Class C		1,540
Class I		1,522
Class R3		4
Class R4		1
Class R5		1
Class Y		4
Distribution fees
Class A		4,706
Class B		247
Class C		20,982
Class R3		93
Class R4		31
Custodian fees		18
Accounting services fees		1,172
Registration and filing fees		504
Board of Directors' fees		189
Audit fees		59
Other expenses		857
Total expenses (before waivers)		74,750
Expense waivers		(43	)
Total waivers		(43	)
Total expenses, net		74,707
Net Investment Income		256,050
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		32,638
Net realized gain on swap contracts		686
Net realized gain on foreign currency contracts		19,154
Net realized gain on other foreign currency transactions		518
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		52,996
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(158,326	)
Net unrealized appreciation of foreign currency contracts		2,926
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(714	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(156,114	)
Net Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(103,118	)
Net Increase in Net Assets Resulting from Operations	$	152,932

The accompanying notes are an integral part of these financial statements.

16

The Hartford Floating Rate Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	256,050		$	255,000
Net realized gain on investments, other financial instruments and foreign currency transactions		52,996			51,374
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(156,114	)		6,943
Net Increase in Net Assets Resulting from Operations		152,932			313,317
Distributions to Shareholders:
From net investment income
Class A		(71,029	)		(78,774	)
Class B		(742	)		(1,087	)
Class C		(63,775	)		(70,147	)
Class I		(101,921	)		(100,977	)
Class R3		(650	)		(608	)
Class R4		(461	)		(488	)
Class R5		(156	)		(190	)
Class Y		(15,430	)		(3,084	)
Total distributions		(254,164	)		(255,355	)
Capital Share Transactions:
Class A		(581,270	)		263,093
Class B		(11,026	)		(5,326	)
Class C		(265,120	)		144,799
Class I		(410,055	)		934,880
Class R3		(88	)		4,299
Class R4		(1,406	)		1,851
Class R5		(130	)		(7,911	)
Class Y		343,144			2,416
Net increase (decrease) from capital share transactions		(925,951	)		1,338,101
Net Increase (Decrease) in Net Assets		(1,027,183	)		1,396,063
Net Assets:
Beginning of period		7,177,577			5,781,514
End of period	$	6,150,394		$	7,177,577
Undistributed (distributions in excess of) net investment income	$	6,585		$	2,486

The accompanying notes are an integral part of these financial statements.

17

The Hartford Floating Rate Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Floating Rate Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 3.00%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

18

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed,

19

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into.

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

20

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared daily and paid monthly. Dividends from realized gains, if any, are paid at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate

21

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit

22

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund had no outstanding credit default swap contracts as of October 31, 2014.

23

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	2,459	$	—	$	—	$	—	$	—	$	2,459
Total	$	—	$	2,459	$	—	$	—	$	—	$	—	$	2,459
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	65	$	—	$	—	$	—	$	—	$	65
Total	$	—	$	65	$	—	$	—	$	—	$	—	$	65

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on swap contracts	$	—	$	—	$	686	$	—	$	—	$	—	$	686
Net realized gain on foreign currency contracts		—		19,154		—		—		—		—		19,154
Total	$	—	$	19,154	$	686	$	—	$	—	$	—	$	19,840
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	2,926	$	—	$	—	$	—	$	—	$	2,926
Total	$	—	$	2,926	$	—	$	—	$	—	$	—	$	2,926

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the Futures Commission Merchant's ("FCM") custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

24

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Unrealized appreciation on foreign currency contracts	$	2,396	$	(2	)	$	—	$	—	$	2,394
Total subject to a master netting or similar arrangement	$	2,396	$	(2	)	$	—	$	—	$	2,394

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged		Net Amount (not less than $0)
Description
Unrealized depreciation on foreign currency contracts	$	65	$	(2	)	$	—	$	—	$	63
Total subject to a master netting or similar arrangement	$	65	$	(2	)	$	—	$	—	$	63

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a

25

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	255,305	$	255,091

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	9,949
Accumulated Capital and Other Losses*		(381,258	)
Unrealized Depreciation†		(128,442	)
Total Accumulated Deficit	$	(499,751	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses.

26

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	2,213
Accumulated Net Realized Gain (Loss)		(2,213	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows:

Year of Expiration	Amount
2016	$	109,198
2017		272,060
Total	$	381,258

During the year ended October 31, 2014, the Fund utilized $53,353 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

27

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million		0.6500%
On next $2 billion		0.6000%
On next $2.5 billion		0.5900%
On next $5 billion		0.5800%
Over $10 billion		0.5700%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion		0.018%
On next $5 billion		0.014%
Over $10 billion		0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A		Class B		Class C		Class I		Class R3		Class R4		Class R5		Class Y
	1.00%		1.75%		1.75%		0.75%		1.25%		1.00%		0.70%		0.70%

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $1,457 and contingent deferred sales charges of $385 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

28

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $13. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	5,162,404	$	—	$	5,162,404
Sales Proceeds		6,019,429		—		6,019,429

29

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		39,309		7,257		(111,191	)		(64,625	)		94,672		8,003		(73,448	)		29,227
Amount	$	354,360	$	65,343	$	(1,000,973	)	$	(581,270	)	$	851,185	$	71,941	$	(660,033	)	$	263,093
Class B
Shares		153		70		(1,449	)		(1,226	)		453		100		(1,147	)		(594	)
Amount	$	1,378	$	633	$	(13,037	)	$	(11,026	)	$	4,073	$	901	$	(10,300	)	$	(5,326	)
Class C
Shares		24,370		5,982		(59,895	)		(29,543	)		57,065		6,460		(47,429	)		16,096
Amount	$	219,463	$	53,766	$	(538,349	)	$	(265,120	)	$	512,733	$	57,999	$	(425,933	)	$	144,799
Class I
Shares		111,759		8,350		(165,671	)		(45,562	)		193,208		8,154		(97,575	)		103,787
Amount	$	1,008,016	$	75,229	$	(1,493,300	)	$	(410,055	)	$	1,739,519	$	73,382	$	(878,021	)	$	934,880
Class R3
Shares		701		64		(775	)		(10	)		937		63		(523	)		477
Amount	$	6,319	$	580	$	(6,987	)	$	(88	)	$	8,444	$	568	$	(4,713	)	$	4,299
Class R4
Shares		349		30		(535	)		(156	)		635		31		(460	)		206
Amount	$	3,137	$	272	$	(4,815	)	$	(1,406	)	$	5,712	$	281	$	(4,142	)	$	1,851
Class R5
Shares		135		14		(163	)		(14	)		380		17		(1,283	)		(886	)
Amount	$	1,219	$	124	$	(1,473	)	$	(130	)	$	3,408	$	148	$	(11,467	)	$	(7,911	)
Class Y
Shares		52,929		1,029		(16,099	)		37,859			4,819		75		(4,625	)		269
Amount	$	477,781	$	9,230	$	(143,867	)	$	343,144		$	43,287	$	671	$	(41,542	)	$	2,416
Total
Shares		229,705		22,796		(355,778	)		(103,277	)		352,169		22,903		(226,490	)		148,582
Amount	$	2,071,673	$	205,177	$	(3,202,801	)	$	(925,951	)	$	3,168,361	$	205,891	$	(2,036,151	)	$	1,338,101

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		134	$	1,203
For the Year Ended October 31, 2013		46	$	418

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

30

The Hartford Floating Rate Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

In July 2007, the Fund and more than 60 other lenders (known collectively as the “Transeastern Lenders”) accepted the payoff of a guarantee from Tousa, Inc. (“Tousa”), a Florida homebuilder. In order to fund the payoff, Tousa borrowed money from certain new lenders and secured the loan by granting liens to the new lenders on the assets of certain Tousa subsidiaries (the “Subsidiaries”). Tousa entered bankruptcy in January of 2008. In July of 2008, a committee of creditors of the Subsidiaries (the “Committee”) brought suit against the Transeastern Lenders alleging that the Subsidiaries had received no benefit in return for the liens on their assets, that the Subsidiaries were co-borrowers on the loan from the new lenders, and that the Transeastern Lenders received the value of the liens when the Transeastern Lenders accepted the payoff. The Subsidiaries sought the avoidance of their liens and the return of the value of those liens to the bankruptcy estate. On October 13, 2009, the bankruptcy court in the Southern District of Florida ruled in favor of the Committee, avoided the liens, and ordered the Transeastern Lenders to return the payoff amount to the bankruptcy estate. The Transeastern Lenders, together with the Fund, appealed the decision to the district court. On February 11, 2011, the District Court ruled in favor of the Transeastern Lenders and the Fund and quashed the bankruptcy court opinion. The Committee appealed to the Eleventh Circuit. The Eleventh Circuit reinstated the bankruptcy court opinion, but remanded back to the District Court on the question of remedies. The District Court has not yet issued a decision. If found liable, the Fund would be required to return approximately $3-3.5 million to the bankruptcy estate. Management of the Fund believes resolution of this matter will not have a material impact on the Fund’s financial statements.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

31

The Hartford Floating Rate Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	9.01	$	0.34	$	(0.13	)	$	0.21	$	(0.34	)	$	–	$	(0.34	)	$	8.88		2.35	%	$	1,459,463		0.96	%		0.96	%		3.80	%
B		9.00		0.27		(0.14	)		0.13		(0.27	)		–		(0.27	)		8.86		1.44			18,681		1.81			1.75			3.01
C		9.00		0.28		(0.14	)		0.14		(0.28	)		–		(0.28	)		8.86		1.48			1,900,141		1.71			1.71			3.06
I		9.02		0.37		(0.13	)		0.24		(0.37	)		–		(0.37	)		8.89		2.62			2,325,212		0.70			0.70			4.08
R3		9.03		0.32		(0.14	)		0.18		(0.32	)		–		(0.32	)		8.89		1.94			17,970		1.35			1.25			3.52
R4		9.01		0.34		(0.14	)		0.20		(0.34	)		–		(0.34	)		8.87		2.20			11,663		1.05			1.00			3.77
R5		9.01		0.37		(0.14	)		0.23		(0.37	)		–		(0.37	)		8.87		2.50			3,753		0.77			0.70			4.07
Y		9.00		0.37		(0.14	)		0.23		(0.37	)		–		(0.37	)		8.86		2.57			413,511		0.64			0.64			4.13
For the Year Ended October 31, 2013
A	$	8.93	$	0.36	$	0.09		$	0.45	$	(0.37	)	$	–	$	(0.37	)	$	9.01		5.08	%	$	2,064,701		0.96	%		0.96	%		4.04	%
B		8.92		0.29		0.09			0.38		(0.30	)		–		(0.30	)		9.00		4.27			30,017		1.80			1.75			3.28
C		8.92		0.30		0.08			0.38		(0.30	)		–		(0.30	)		9.00		4.31			2,195,858		1.71			1.71			3.30
I		8.94		0.39		0.08			0.47		(0.39	)		–		(0.39	)		9.02		5.35			2,772,328		0.70			0.70			4.29
R3		8.95		0.34		0.08			0.42		(0.34	)		–		(0.34	)		9.03		4.77			18,334		1.36			1.25			3.76
R4		8.92		0.36		0.09			0.45		(0.36	)		–		(0.36	)		9.01		5.17			13,255		1.04			1.00			4.01
R5		8.93		0.39		0.08			0.47		(0.39	)		–		(0.39	)		9.01		5.36			3,942		0.76			0.70			4.33
Y		8.92		0.39		0.09			0.48		(0.40	)		–		(0.40	)		9.00		5.43			79,142		0.64			0.64			4.39
For the Year Ended October 31, 2012 (D)
A	$	8.64	$	0.43	$	0.29		$	0.72	$	(0.43	)	$	–	$	(0.43	)	$	8.93		8.48	%	$	1,784,029		0.98	%		0.98	%		4.85	%
B		8.63		0.36		0.29			0.65		(0.36	)		–		(0.36	)		8.92		7.66			35,026		1.80			1.75			4.08
C		8.63		0.36		0.29			0.65		(0.36	)		–		(0.36	)		8.92		7.69			2,031,516		1.72			1.72			4.10
I		8.65		0.45		0.29			0.74		(0.45	)		–		(0.45	)		8.94		8.74			1,817,957		0.73			0.73			5.10
R3		8.66		0.40		0.29			0.69		(0.40	)		–		(0.40	)		8.95		8.17			13,889		1.37			1.25			4.57
R4		8.63		0.42		0.29			0.71		(0.42	)		–		(0.42	)		8.92		8.47			11,283		1.06			1.00			4.80
R5		8.64		0.45		0.29			0.74		(0.45	)		–		(0.45	)		8.93		8.78			11,820		0.76			0.70			5.12
Y		8.63		0.45		0.29			0.74		(0.45	)		–		(0.45	)		8.92		8.85			75,994		0.65			0.65			5.18
For the Year Ended October 31, 2011 (D)
A	$	8.81	$	0.42	$	(0.16	)	$	0.26	$	(0.43	)	$	–	$	(0.43	)	$	8.64		2.91	%	$	1,972,548		0.97	%		0.97	%		4.79	%
B		8.81		0.35		(0.17	)		0.18		(0.36	)		–		(0.36	)		8.63		2.00			41,006		1.79			1.75			4.01
C		8.81		0.36		(0.18	)		0.18		(0.36	)		–		(0.36	)		8.63		2.03			2,106,199		1.72			1.72			4.05
I		8.82		0.45		(0.17	)		0.28		(0.45	)		–		(0.45	)		8.65		3.16			1,568,922		0.72			0.72			5.03
R3		8.83		0.40		(0.17	)		0.23		(0.40	)		–		(0.40	)		8.66		2.62			11,257		1.37			1.25			4.52
R4		8.81		0.42		(0.18	)		0.24		(0.42	)		–		(0.42	)		8.63		2.76			6,048		1.06			1.00			4.78
R5		8.82		0.44		(0.17	)		0.27		(0.45	)		–		(0.45	)		8.64		3.07			7,882		0.75			0.70			5.04
Y		8.80		0.45		(0.17	)		0.28		(0.45	)		–		(0.45	)		8.63		3.24			115,997		0.65			0.65			5.11

See Portfolio Turnover information on the next page.

32

The Hartford Floating Rate Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	8.30	$	0.46	$	0.51	$	0.97	$	(0.46	)	$	–	$	(0.46	)	$	8.81		11.97	%	$	1,840,478		0.97	%		0.97	%		5.40	%
B		8.30		0.40		0.50		0.90		(0.39	)		–		(0.39	)		8.81		11.11			47,006		1.78			1.75			4.64
C		8.29		0.40		0.52		0.92		(0.40	)		–		(0.40	)		8.81		11.27			1,945,470		1.72			1.72			4.65
I		8.31		0.48		0.51		0.99		(0.48	)		–		(0.48	)		8.82		12.22			1,202,589		0.74			0.74			5.62
R3		8.31		0.44		0.52		0.96		(0.44	)		–		(0.44	)		8.83		11.75			7,598		1.38			1.25			5.11
R4		8.30		0.46		0.51		0.97		(0.46	)		–		(0.46	)		8.81		11.93			2,339		1.07			1.00			5.37
R5		8.30		0.48		0.51		0.99		(0.47	)		–		(0.47	)		8.82		12.25			10,956		0.79			0.74			5.46
Y		8.29		0.49		0.51		1.00		(0.49	)		–		(0.49	)		8.80		12.35			101,560		0.65			0.65			5.73

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		75	%
For the Year Ended October 31, 2013		78
For the Year Ended October 31, 2012		60
For the Year Ended October 31, 2011		96
For the Year Ended October 31, 2010		63

33

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Floating Rate Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Floating Rate Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

34

The Hartford Floating Rate Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

35

The Hartford Floating Rate Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

36

The Hartford Floating Rate Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

37

The Hartford Floating Rate Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

38

The Hartford Floating Rate Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,005.50	$	4.89	$	1,000.00	$	1,020.33	$	4.93		0.97	%		184		365
Class B	$	1,000.00	$	1,000.50	$	8.82	$	1,000.00	$	1,016.38	$	8.89		1.75			184		365
Class C	$	1,000.00	$	1,001.80	$	8.64	$	1,000.00	$	1,016.58	$	8.70		1.71			184		365
Class I	$	1,000.00	$	1,006.90	$	3.54	$	1,000.00	$	1,021.68	$	3.56		0.70			184		365
Class R3	$	1,000.00	$	1,004.10	$	6.31	$	1,000.00	$	1,018.90	$	6.36		1.25			184		365
Class R4	$	1,000.00	$	1,004.20	$	5.05	$	1,000.00	$	1,020.16	$	5.09		1.00			184		365
Class R5	$	1,000.00	$	1,005.70	$	3.54	$	1,000.00	$	1,021.68	$	3.57		0.70			184		365
Class Y	$	1,000.00	$	1,006.00	$	3.24	$	1,000.00	$	1,021.98	$	3.26		0.64			184		365

39

The Hartford Floating Rate Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Floating Rate Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

40

The Hartford Floating Rate Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

41

The Hartford Floating Rate Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 3^rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile. The Board noted that the Fund has a permanent expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

42

The Hartford Floating Rate Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

43

The Hartford Floating Rate Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price) and call risk (the risk that an investment may be redeemed early).

Loan Risk: The Fund’s investments in loans may at times become difficult to value and highly illiquid; they are subject to credit risk such as nonpayment of principal or interest, and risks of bankruptcy and insolvency.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

The Hartford Floating Rate Fund should not be considered an alternative to CDs or money market funds. This Fund is for investors who are looking to complement their traditional fixed income investments.

44

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-FR14 12/14 113974-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD FLOATING RATE
    HIGH INCOME FUND    2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Floating Rate High Income Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	14
Statement of Operations for the Year Ended October 31, 2014	15
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	16
Notes to Financial Statements	17
Financial Highlights	29
Report of Independent Registered Public Accounting Firm	31
Directors and Officers (Unaudited)	32
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	34
Quarterly Portfolio Holdings Information (Unaudited)	34
Federal Tax Information (Unaudited)	35
Expense Example (Unaudited)	36
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	37
Main Risks (Unaudited)	41

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Floating Rate High Income Fund inception 09/30/2011

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide high current income, and long-term total return.

Performance Overview 9/30/11 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year		Since Inception▲
Floating Rate High Income A#		3.23%		7.39%
Floating Rate High Income A##		0.14%		6.33%
Floating Rate High Income C#		2.47%		6.58%
Floating Rate High Income C##		1.48%		6.58%
Floating Rate High Income I#		3.49%		7.68%
Floating Rate High Income R3#		2.93%		7.00%
Floating Rate High Income R4#		3.24%		7.32%
Floating Rate High Income R5#		3.45%		7.61%
Floating Rate High Income Y#		3.55%		7.64%
Credit Suisse Leveraged Loan Index		3.77%		6.82%

▲ Inception: 09/30/2011

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 3.00% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of April 23, 2012, Wellington Management Company, LLP became the sub-adviser for the Fund. At the end of a transition period of approximately four weeks ending on May 18, 2012, Hartford Investment Management Company no longer served as a sub-adviser to the Fund.

Credit Suisse Leveraged Loan Index is a market-value weighted index designed to represent the investable universe of the U.S. dollar-denominated leveraged loan market.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Floating Rate High Income Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Floating Rate High Income Class A		1.07	%		1.15	%
Floating Rate High Income Class C		1.82	%		1.90	%
Floating Rate High Income Class I		0.82	%		0.86	%
Floating Rate High Income Class R3		1.37	%		1.52	%
Floating Rate High Income Class R4		1.07	%		1.21	%
Floating Rate High Income Class R5		0.77	%		0.91	%
Floating Rate High Income Class Y		0.77	%		0.82	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Manager

Michael J. Bacevich

Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Floating Rate High Income Fund returned 3.23%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the Credit Suisse Leveraged Loan Index, which returned 3.77% for the same period. The Fund outperformed the 2.68% average return of the Lipper Loan Participation Funds peer group, a group of funds that invest primarily in interests in collateralized senior corporate loans that have floating or variable rates.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter Gross Domestic Product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Federal Reserve to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened. The 3-year discount margin on the Credit Suisse Leveraged Loan Index widened over the twelve-month period.

In a period in which investors became less concerned about the possibility of rising interest rates, bank loan mutual funds saw periods of significant outflows. Through the first ten months of 2014, bank loan returns have lagged behind those of high yield bonds.

The Fund underperformed its benchmark, the Credit Suisse Leveraged Loan Index. An out-of-benchmark allocation to high yield bonds contributed to relative performance given the outperformance of high yield over bank loans over the period. With respect to sector allocations, the Fund benefitted from being underweight Retail Stores and Utilities but lost performance relative to the benchmark due to underweight allocations to Media Cable and Transportation. Additionally, the Fund’s overweight allocation to European bank loans and high yield detracted from benchmark relative returns over the period, as concerns surrounding European economic growth caused spreads to widen.

Security selection was the primary contributor to the Fund’s benchmark-relative underperformance during the period. Issuers that

3

The Hartford Floating Rate High Income Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

detracted from performance included Momentive Performance Materials, a Chemicals company that manufactures silicone and quartz products. Momentive filed for Chapter 11 bankruptcy in April, 2014 and emerged after a restructuring in October. Other issuers which detracted from relative performance over the period included TXU, an electric utility company, which we did not have exposure to and is a large component of the benchmark. Despite filing for bankruptcy in 2014, TXU had strong performance. Another name that detracted from relative performance over the period was Paragon Offshore in the Energy sector. We believe that the company is well positioned to absorb any potential weakness and should remain cash flow positive even under a bear market scenario. Issuers that contributed to benchmark-relative performance included Nuveen Investments, which performed strongly due to its acquisition by TIAA-CREF during the period. An overweight position to TVN Finance Corporation in the Media Non-Cable also helped relative performance over the period. TVN is a leading broadcaster in Poland. Lastly, underweight positions in two issuers that underperformed also helped benchmark-relative performance over the period – Gymboree Corporation in the retail sector and Education Management, a consumer cyclicals company.

Over the period, the Fund had a small position in high yield credit default swap index (CDX), which had a marginally positive impact on benchmark relative performance. The CDX position is used for liquidity purposes and for tactically adjusting the risk posture of the Fund.

What is the outlook?

Our outlook for bank loans remains positive, albeit with diminished return expectations. While it appears that credit quality has begun to degrade slightly with the entry of some lower-quality first-time issuers, the sector’s overall credit fundamentals seem to remain strong. Despite recent retail mutual fund outflows, we believe issuance of collateralized loan obligations (a major source of demand) continues to be robust. According to JP Morgan, there has been over $110 billion in primary market issuance of Collateralized Loan Obligations (CLOs) in the first ten months of 2014. We believe current bank loan valuations are attractive given our view of a continued benign default environment over the next few years. Additionally, we believe that the long-term potential diversification benefits of bank loans and their floating-rate nature, particularly given low absolute yields across most fixed income sectors, will eventually reassert themselves, enhancing the relative appeal of this asset class.

Our outlook for U.S. high-yield bonds remains positive, based on the steadily improving macroeconomic backdrop, our expectations that default levels will remain low, and positive corporate fundamentals. We believe that valuations are now more attractive, with spreads around their long-term historical averages, and reasonable for this point in the cycle; the trailing 12-month default rate remains below its long-term average. While we see that there has been a recent pickup in shareholder-friendly actions such as mergers and acquisition (M&A) activity and leveraged buyouts at the margin, we do not believe this is likely to affect default rates in the near to medium term.

At the end of the period, we maintained an out-of-benchmark allocation to high yield credit and favored the metals & mining, financial services, and energy sectors relative to the Credit Suisse Leveraged Loan Index.

Credit Exposure
as of October 31, 2014
Credit Rating *	Percentage of Net Assets
Baa/ BBB		0.8	%
Ba/ BB		12.2
B		64.6
Caa/ CCC or Lower		16.1
Not Rated		3.1
Non-Debt Securities and Other Short-Term Instruments		4.8
Other Assets and Liabilities		(1.6	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type
as of October 31, 2014
Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.4	%
Exchange Traded Funds		1.7
Total		2.1	%
Fixed Income Securities
Corporate Bonds		20.9	%
Senior Floating Rate Interests		75.9
Total		96.8	%
Short-Term Investments		2.7
Other Assets and Liabilities		(1.6	)
Total		100.0	%

4

The Hartford Floating Rate High Income Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 20.9%
		Accommodation and Food Services - 0.4%
		Sugarhouse HSP Gaming Prop Mezz L.P.
$	2,490	6.38%, 06/01/2021 ■‡	$	2,384
		Agriculture, Forestry, Fishing and Hunting - 0.3%
		Tembec Industries, Inc.
	1,420	9.00%, 12/15/2019 ■‡		1,438
		Arts, Entertainment and Recreation - 1.3%
		Bougeot Bidco plc
GBP	2,000	7.88%, 07/15/2020 §		3,200
		Chester Downs & Marina LLC
	2,340	9.25%, 02/01/2020 ■		2,083
		Lin Television Corp. Media Genral Financial Sub
	1,000	5.88%, 11/15/2022 ■		1,007
		Snai S.p.A.
EUR	575	7.63%, 06/15/2018 §		712
				7,002
		Chemical Manufacturing - 0.7%
		Hexion Specialty Chemicals
	1,300	8.88%, 02/01/2018		1,285
		Momentive Performance Materials, Inc.
	2,740	3.88%, 10/24/2021		2,384
				3,669
		Computer and Electronic Product Manufacturing - 0.2%
		Ceridian LLC
	1,000	8.13%, 11/15/2017 ■		1,000
		Construction - 0.8%
		Empresas ICA S.A.B de C.V.
	1,425	8.88%, 05/29/2024 ■‡		1,446
		Paragon Offshore plc
	3,430	7.25%, 08/15/2024 ■‡		2,624
				4,070
		Finance and Insurance - 7.1%
		Access Bank plc
	1,500	9.25%, 06/24/2021 ■		1,507
		Banco do Brasil S.A.
	2,995	9.00%, 06/18/2024 ■♠		2,944
		Banco Santander S.A.
EUR	1,400	6.25%, 03/12/2049 §		1,717
		Bank of Ireland
EUR	650	10.00%, 07/30/2016 §		880
		Barclays Bank plc
	925	8.25%, 12/15/2018 ♠β		955
		BC Mountain LLC
	1,320	7.00%, 02/01/2021 ■		1,188
		Cimpor Financial Operations B.V.
	500	5.75%, 07/17/2024 ■		481
		Credit Agricole S.A.
	1,650	6.63%, 09/23/2019 ■♠Δ		1,610
	1,585	7.88%, 01/23/2024 ■♠		1,636
		Credit Suisse Group AG
	1,100	6.25%, 12/18/2024 ■♠Δ		1,070
	1,800	7.50%, 12/11/2023 ■♠		1,913
		HSBC Holdings plc
	940	5.63%, 01/17/2020 ♠		955
		Marfrig Holding Europe, B.V.
	3,000	6.88%, 06/24/2019 ■‡		3,045
		Nationstar Mortgage LLC
	1,960	6.50%, 07/01/2021		1,823
		Nationwide Building Society
GBP	1,200	6.88%, 03/11/2049 §		1,876
		Nuveen Investments, Inc.
	3,265	9.13%, 10/15/2017 ■‡		3,488
		Societe Generale
	1,470	6.00%, 01/27/2020 ■‡♠		1,386
	2,725	8.25%, 11/29/2018 §‡♠		2,879
		TMK OAO Via TMK Capital S.A.
	2,000	6.75%, 04/03/2020 §‡		1,802
		UniCredit S.p.A.
	1,850	8.00%, 06/03/2024 §♠		1,855
		YPF S.A.
	3,000	8.88%, 12/19/2018 §‡		3,135
				38,145
		Food Manufacturing - 0.2%
		Galapagos S.A.
EUR	1,000	4.83%, 06/15/2021 ■Δ		1,218
		Food Services - 0.5%
		Brakes Capital
EUR	1,335	5.08%, 12/15/2018 ■Δ		1,614
GBP	750	7.13%, 12/15/2018 §		1,170
				2,784
		Information - 3.0%
		Ancestry.com, Inc.
	3,150	9.63%, 10/15/2018 ■		3,142
		Equiniti Bondco plc
GBP	1,000	6.31%, 12/15/2018 ■Δ		1,596
		First Data Corp.
	973	11.75%, 08/15/2021		1,141
	951	14.50%, 09/24/2019 ■Þ		994
		Infor Software Parent LLC
	1,555	7.13%, 05/01/2021 ■		1,574
		VimpelCom Holdings B.V.
	2,000	5.20%, 02/13/2019 §‡		1,943
		Wind Acquisition Finance S.A.
EUR	1,685	4.08%, 07/15/2020 ■Δ		2,074
EUR	1,625	5.34%, 04/30/2019 ■Δ		2,042
EUR	1,500	7.00%, 04/23/2021 §		1,857
				16,363
		Machinery Manufacturing - 0.3%
		Titan International, Inc.
	2,000	6.88%, 10/01/2020		1,805
		Nonmetallic Mineral Product Manufacturing - 0.6%
		Ardagh Finance Holdings S.A.
EUR	1,460	8.38%, 06/15/2019 ■		1,738
	1,235	8.63%, 06/15/2019 ■		1,263
				3,001
		Other Services - 0.2%
		Abengoa Finance
EUR	905	6.00%, 03/31/2021 ■		1,103
		Petroleum and Coal Products Manufacturing - 1.4%
		American Energy - Permian Basin LLC
	4,400	6.74%, 08/01/2019 ■Δ		3,894
		Borets Finance Ltd.
	2,000	7.63%, 09/26/2018 §‡		1,940
		KCA Deutag
	935	7.25%, 05/15/2021 ■		832

The accompanying notes are an integral part of these financial statements.

5

The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 20.9% - (continued)
		Petroleum and Coal Products Manufacturing - 1.4% - (continued)
		Kosmos Energy Ltd.
$	230	7.88%, 08/01/2021 §	$	212
		Shelf Drilling Holdings Ltd.
	695	8.63%, 11/01/2018 ■		686
				7,564
		Retail Trade - 3.1%
		Albertson's Holdings LLC
	2,000	7.75%, 10/15/2022 ■		1,970
		Claire's Stores, Inc.
	3,500	9.00%, 03/15/2019 ■		3,570
		Galaxy Bidco Ltd.
GBP	2,500	5.56%, 11/15/2019 ■Δ		3,903
		Matalan Finance plc
GBP	1,385	6.88%, 06/01/2019 ■‡		2,120
GBP	1,000	6.88%, 06/01/2019		1,530
		Michaels Stores, Inc.
	612	7.50%, 08/01/2018 ■		621
		Picard Groupe S.A.
EUR	580	4.46%, 08/01/2019 ■Δ		727
		Stretford 79 plc
GBP	1,665	4.81%, 12/29/2049 ■Δ		2,387
				16,828
		Utilities - 0.4%
		Genon Energy, Inc.
	2,000	7.88%, 06/15/2017 ‡		2,025
		Wholesale Trade - 0.4%
		Dynegy, Inc.
	1,905	6.75%, 11/01/2019 ■		1,972
		Total Corporate Bonds
		(Cost $116,394)	$	112,371
Senior Floating Rate Interests ♦ - 75.9%
		Accommodation and Food Services - 0.4%
		CityCenter Holdings LLC
$	1,478	4.25%, 10/16/2020	$	1,467
		ESH Hospitality, Inc.
	195	5.00%, 06/24/2019		196
		Four Seasons Holdings, Inc.
	640	6.25%, 12/28/2020		642
				2,305
		Administrative, Support, Waste Management and Remediation Services - 4.3%
		Acosta Holdco, Inc.
	2,855	5.00%, 09/26/2021		2,856
		Audio Visual Services Group, Inc.
	1,234	4.50%, 01/25/2021		1,224
		Brickman Group Holdings, Inc.
	481	4.00%, 12/18/2020		473
	3,587	7.50%, 12/17/2021		3,523
		Filtration Group, Inc.
	422	4.50%, 11/20/2020		420
	520	8.25%, 11/22/2021		518
		Ipreo Holdings LLC
	1,435	4.25%, 08/06/2021		1,403
		PRA Holdings, Inc.
	3,211	4.50%, 09/23/2020		3,166
		ServiceMaster (The) Co.
	9,901	4.25%, 07/01/2021		9,804
				23,387
		Agriculture, Construction, Mining and Machinery - 1.6%
		International Equipment Solutions LLC
	1,426	6.75%, 08/16/2019		1,426
		Minimax
EUR	896	4.25%, 08/14/2020		954
		Signode Industrial Group US, Inc.
	2,870	4.00%, 05/01/2021		2,814
EUR	534	4.25%, 05/01/2021		666
		Veyance Technologies, Inc.
	2,755	5.25%, 09/08/2017		2,745
				8,605
		Air Transportation - 0.3%
		Landmark Aviation
	1,830	4.75%, 10/25/2019		1,816
				1,816
		Arts, Entertainment and Recreation - 10.7%
		24 Hour Fitness Worldwide, Inc.
	3,491	4.75%, 05/28/2021		3,483
		Aristocrat Leisure Ltd.
	3,525	4.75%, 10/20/2021		3,497
		Caesars Entertainment Operating Co., Inc.
	678	6.99%, 03/01/2017		607
	3,990	9.75%, 01/28/2018		3,681
		Caesars Entertainment Resort Properties LLC
	2,985	7.00%, 10/11/2020		2,843
		Caesars Growth Property Holdings LLC
	5,551	6.25%, 05/08/2021		5,232
		Formula One Holdings
	4,417	4.75%, 07/30/2021		4,380
	2,830	7.75%, 07/29/2022		2,818
		Hoyts Group Holdings LLC
	2,726	4.00%, 05/29/2020		2,685
	1,140	8.25%, 11/30/2020		1,128
		ION Media Networks, Inc.
	893	5.00%, 12/18/2020		891
		Numericable
	2,735	4.50%, 05/21/2020		2,739
		Salem Communications Corp.
	1,896	4.50%, 03/13/2020		1,865
		Scientific Games International, Inc.
	5,760	6.00%, 10/01/2021		5,635
		Station Casinos LLC
	4,057	4.25%, 03/02/2020		4,009
		Templar Energy
	3,240	8.50%, 11/25/2020		2,919
		Tribune Co.
	4,565	4.00%, 12/27/2020		4,524
		Univision Communications, Inc.
	2,549	4.00%, 03/01/2020		2,521
		XO Communications LLC
	1,920	4.25%, 03/20/2021		1,900
				57,357
		Beverage and Tobacco Product Manufacturing - 0.5%
		DE Master Blenders 1753 N.V.
	2,915	3.50%, 07/23/2021		2,886

The accompanying notes are an integral part of these financial statements.

6

The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 75.9% - (continued)
		Chemical Manufacturing - 2.4%
		Arysta LifeScience Corp.
$	593	4.50%, 05/29/2020	$	590
		CeramTec
	253	4.25%, 08/28/2020		252
EUR	170	4.75%, 08/28/2020		214
		Cytec Industries, Inc.
	103	4.50%, 10/03/2019		102
		Exopack LLC
	769	5.25%, 05/08/2019		771
		Faenza Acquisition Gmbh
	101	4.25%, 08/28/2020		101
EUR	560	4.75%, 08/28/2020		703
		Monarch, Inc.
	198	4.50%, 10/03/2019		197
		Pinnacle Operating Corp.
	818	4.75%, 11/15/2018		812
		Solenis International L.P.
	1,435	4.25%, 07/31/2021		1,414
EUR	1,500	4.50%, 07/31/2021		1,881
		Univar, Inc.
	3,945	5.00%, 06/30/2017		3,915
		Utex Industries, Inc.
	1,297	5.00%, 05/21/2021		1,278
	750	8.25%, 05/20/2022		740
				12,970
		Computer and Electronic Product Manufacturing - 1.9%
		Ceridian LLC
	2,073	4.50%, 05/09/2017		2,055
		Freescale Semiconductor, Inc.
	2,282	4.25%, 02/28/2020		2,249
	2,633	5.00%, 01/15/2021		2,627
		Micro Focus International
	3,500	5.25%, 10/07/2021 ☼		3,372
				10,303
		Construction - 1.3%
		Brand Energy & Infrastructure Services, Inc.
	1,752	4.75%, 11/26/2020		1,740
		Brock Holdings III, Inc.
	457	6.00%, 03/16/2017		449
	402	10.00%, 03/16/2018		392
		Pike Corp.
	2,640	5.25%, 10/01/2021 ☼		2,620
	1,875	8.25%, 04/03/2021 ☼		1,836
				7,037
		Fabricated Metal Product Manufacturing - 0.4%
		Ameriforge Group, Inc.
	2,025	5.00%, 12/19/2019		2,008
		Finance and Insurance - 7.3%
		Asurion LLC
	2,344	5.00%, 05/24/2019		2,344
	1,430	8.50%, 03/03/2021		1,452
		Capital Automotive L.P.
	470	6.00%, 04/30/2020		475
		Cooper Gay Swett & Crawford Ltd.
	1,269	5.00%, 04/16/2020		1,142
	2,430	8.25%, 10/16/2020		2,041
		Evertec LLC
	2,028	3.50%, 04/17/2020		1,991
		Guggenheim Partners LLC
	896	4.25%, 07/22/2020		890
		Hub International Ltd.
	3,911	4.25%, 10/02/2020		3,857
		Interactive Data Corp.
	2,110	4.75%, 05/02/2021		2,109
		ION Trading Technologies Ltd.
EUR	3,192	4.50%, 06/10/2021		3,971
	2,210	7.25%, 06/10/2022		2,173
		National Financial Partners Corp.
	1,433	4.50%, 07/01/2020		1,420
		Santander Asset Management S.A.
EUR	1,985	4.50%, 12/17/2020		2,486
		Sedgwick CMS Holdings, Inc.
	3,094	3.75%, 03/01/2021		3,004
	2,500	6.75%, 02/28/2022		2,425
		USI Insurance Services LLC
	1,368	4.25%, 12/27/2019		1,353
		Walter Investment Management Corp.
	6,508	4.75%, 12/18/2020		6,117
				39,250
		Food Manufacturing - 2.1%
		Burton's Foods Ltd.
GBP	1,500	5.55%, 11/27/2020		2,340
		Hearthside Food Solutions
	2,005	4.50%, 06/02/2021		1,991
		Hostess Brands, Inc.
	2,433	6.75%, 04/09/2020		2,474
		Milk Specialties Co.
	485	7.50%, 11/09/2018		477
		Roundy's Supermarkets, Inc.
	4,507	5.75%, 03/03/2021		4,000
				11,282
		Furniture and Related Product Manufacturing - 0.4%
		Wilsonart International Holdings LLC
	2,397	4.00%, 10/31/2019		2,357
		Health Care and Social Assistance - 6.3%
		American Renal Holdings, Inc.
	1,052	4.50%, 08/20/2019		1,032
	1,430	8.50%, 03/20/2020		1,401
		Ardent Medical Services, Inc.
	457	6.75%, 07/02/2018		457
		DJO Finance LLC
	801	4.25%, 09/15/2017		796
		DSI Renal, Inc.
	773	4.50%, 04/23/2021		765
	1,050	7.75%, 10/22/2021		1,045
		Healogics, Inc.
	935	5.25%, 07/01/2021		929
		Ikaria Acquisition, Inc.
	640	5.00%, 02/12/2021		640
	385	8.75%, 02/14/2022		385
		Immucor, Inc.
	488	5.00%, 08/19/2018		487
		inVentiv Health, Inc.
	5,739	7.75%, 05/15/2018		5,659
		One Call Medical, Inc.
	3,495	5.00%, 11/27/2020		3,478

The accompanying notes are an integral part of these financial statements.

7

The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 75.9% - (continued)
		Health Care and Social Assistance - 6.3% - (continued)
		Ortho-Clinical Diagnostics, Inc.
$	3,037	4.75%, 06/30/2021	$	3,004
		Pharmedium Healthcare Corp.
	388	4.25%, 01/28/2021		381
	580	7.75%, 01/28/2022		579
		STHI Holding Corp.
	3,290	4.50%, 08/06/2021		3,269
		Surgery Center Holdings, Inc.
	995	5.25%, 07/24/2020 ☼		993
	3,300	8.50%, 07/23/2021 ☼		3,236
		Truven Health Analytics, Inc.
	930	4.50%, 06/06/2019		911
		US Renal Care, Inc.
	2,393	4.25%, 07/03/2019		2,375
	1,140	8.50%, 01/03/2020		1,140
	666	10.25%, 01/03/2020		668
				33,630
		Health Care Providers and Services - 0.3%
		CRC Health Corp.
	1,692	5.25%, 03/29/2021		1,696
		Information - 7.6%
		Cabovisao-Televisao Por Cabo S.A.
	4,025	5.50%, 07/02/2019		4,045
		First Data Corp.
	2,410	3.65%, 09/24/2018		2,386
	2,323	4.15%, 03/24/2021		2,307
		Hyland Software, Inc.
	657	4.75%, 02/19/2021		654
		Kronos, Inc.
	3,904	4.50%, 10/30/2019		3,884
	2,259	9.75%, 04/30/2020		2,316
		Level 3 Communications, Inc.
	1,920	4.00%, 08/01/2019		1,907
	4,000	5.25%, 06/15/2015 ☼		3,990
		Level 3 Financing, Inc.
	2,270	4.50%, 01/31/2022 ☼		2,279
		Light Tower Fiber LLC
	637	4.00%, 04/13/2020		629
	1,319	8.00%, 04/12/2021		1,307
		MISYS plc
	1,788	5.00%, 12/12/2018		1,788
		Novell, Inc.
	1,214	7.25%, 11/22/2017		1,213
		Peak 10, Inc.
	703	5.00%, 06/17/2021		699
	1,845	8.25%, 06/17/2022		1,820
		RedPrairie Corp.
	2,524	6.00%, 12/21/2018		2,441
		TransFirst Holding, Inc.
	750	8.00%, 06/27/2018		749
		Virgin Media Investment Holdings Ltd.
GBP	3,200	4.25%, 06/30/2023		5,078
		Zayo Group LLC
	1,477	4.00%, 07/02/2019		1,463
				40,955
		Media - 0.3%
		Media General, Inc.
	1,419	4.25%, 07/31/2020		1,408
		Mining - 2.8%
		American Rock Salt Holdings LLC
	2,658	4.75%, 05/20/2021		2,632
	1,635	8.00%, 05/20/2022		1,639
		Arch Coal, Inc.
	8,542	6.25%, 05/16/2018		7,529
		BWAY Holding Co.
	3,426	5.50%, 08/14/2020		3,439
				15,239
		Miscellaneous Manufacturing - 0.3%
		Hamilton Sundstrand Corp.
	1,207	4.00%, 12/13/2019		1,185
		Sequa Corp.
	643	5.25%, 06/19/2017		611
				1,796
		Motor Vehicle and Parts Manufacturing - 0.5%
		Navistar, Inc.
	1,915	5.75%, 08/17/2017		1,918
		Tower Automotive Holdings USA LLC
	995	4.00%, 04/23/2020		982
				2,900
		Nonmetallic Mineral Product Manufacturing - 0.2%
		Ardagh Holdings USA, Inc.
	990	4.00%, 12/17/2019		979
		Other Services - 1.7%
		Alliance Laundry Systems LLC
	970	4.25%, 12/10/2018		959
		Apex Tool Group LLC
	2,276	4.50%, 01/31/2020		2,156
		Gardner Denver, Inc.
	5,245	4.25%, 07/30/2020		5,167
		Husky International Ltd.
	900	7.25%, 06/30/2022		880
				9,162
		Petroleum and Coal Products Manufacturing - 6.8%
		American Energy-Marcellus LLC
	3,560	5.25%, 08/04/2020		3,462
	830	8.50%, 08/04/2021		791
		Callon Petroleum Co.
	1,800	8.50%, 10/08/2021 ☼		1,773
		Chief Exploration & Development
	3,115	7.50%, 05/16/2021		2,990
		Crosby Worldwide Ltd.
	3,226	4.00%, 11/23/2020		3,087
		Drillships Ocean Ventures, Inc.
	2,700	5.50%, 07/25/2021 ☼		2,586
		Jefferson Gulf Coast Energy Partners LLC
	2,000	9.00%, 02/27/2018 ☼		1,950
		KCA Deutag
	2,848	6.25%, 05/15/2020		2,748
		Ocean Rig ASA
	3,521	6.00%, 03/31/2021 ☼		3,359
		Pacific Drilling S.A.
	514	4.50%, 06/03/2018		491
		Samson Investment Co.
	4,785	5.00%, 09/25/2018 ☼		4,405
		Seadrill Ltd.
	6,135	4.00%, 02/21/2021		5,789

The accompanying notes are an integral part of these financial statements.

8

The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 75.9% - (continued)
		Petroleum and Coal Products Manufacturing - 6.8% - (continued)
		Shelf Drilling International Holdings Ltd.
$	3,435	10.00%, 10/08/2018	$	3,383
				36,814
		Pipeline Transportation - 0.6%
		EMG Utica LLC
	535	4.75%, 03/27/2020		529
		Philadelphia Energy Solutions LLC
	2,898	6.25%, 04/04/2018		2,732
				3,261
		Primary Metal Manufacturing - 0.1%
		WireCo WorldGroup, Inc.
	273	6.00%, 02/15/2017		273
		Professional, Scientific and Technical Services - 2.9%
		Advantage Sales & Marketing, Inc.
	3,260	4.25%, 07/23/2021		3,229
	1,895	7.50%, 07/25/2022		1,880
		Affinion Group, Inc., Tranche B Term Loan
	6,875	6.75%, 04/30/2018		6,646
		AlixPartners LLP
	293	4.00%, 07/10/2020		289
	141	9.00%, 07/10/2021		143
		MoneyGram International, Inc.
	2,423	4.25%, 03/27/2020		2,342
		Paradigm Ltd.
	975	4.75%, 07/30/2019		951
				15,480
		Real Estate, Rental and Leasing - 1.5%
		DTZ U.S. Borrower LLC
	2,815	5.00%, 10/23/2021 - 10/28/2021 ☼		2,813
	1,775	8.25%, 10/28/2022 ☼		1,779
		Fly Leasing Ltd.
	870	4.50%, 08/09/2019		869
		Neff Corp.
	2,520	7.25%, 06/09/2021		2,526
		Realogy Corp., Extended Credit Linked Deposit
	38	4.41%, 10/10/2016		38
				8,025
		Retail Trade - 6.1%
		Albertson's LLC
	3,710	4.50%, 08/25/2021		3,711
		American Tire Distributors, Inc.
	1,186	5.75%, 06/01/2018		1,184
		Amscan Holdings, Inc.
	1,792	4.00%, 07/27/2019		1,754
		Cooper-Standard Automotive, Inc.
	888	4.00%, 04/04/2021		878
		Hillman (The) Cos., Inc.
	2,514	4.50%, 06/30/2021		2,491
		Lands' End, Inc.
	4,607	4.25%, 04/04/2021		4,495
		Mauser-Werke GmbH
	1,180	4.50%, 07/31/2021		1,161
	2,570	8.25%, 07/31/2022		2,518
		Metaldyne Performance Group, Inc.
	2,710	4.50%, 10/20/2021 ☼		2,710
		Neiman Marcus (The) Group, Inc.
	4,226	4.25%, 10/25/2020		4,168
		Quikrete (The) Companies, Inc.
	535	7.00%, 03/26/2021		540
		Rite Aid Corp.
	725	5.75%, 08/21/2020		729
		Sports (The) Authority, Inc.
	2,653	7.50%, 11/16/2017		2,494
		Supervalu, Inc.
	2,659	4.50%, 03/21/2019		2,623
		Weight Watchers International, Inc.
	1,492	4.00%, 04/02/2020		1,138
				32,594
		Soap, Cleaning Compound and Toilet Manufacturing - 0.3%
		Revlon Consumer Products Corp.
	1,787	4.00%, 10/08/2019		1,765
		Truck Transportation - 0.4%
		Nexeo Solutions LLC
	2,253	5.00%, 09/08/2017 - 09/09/2017		2,222
				2,222
		Utilities - 2.5%
		Exgen Texas Power LLC
	3,500	5.75%, 09/18/2021		3,500
		La Frontera Generation LLC
	681	4.50%, 09/30/2020		676
		PowerTeam Services LLC
	444	4.25%, 05/06/2020		433
	665	8.25%, 11/06/2020		645
		Sandy Creek Energy Associates L.P.
	1,795	5.00%, 11/09/2020		1,785
		Star West Generation LLC
	1,244	4.25%, 03/13/2020		1,231
		Texas Competitive Electric Holdings Co. LLC
	7,000	4.65%, 10/10/2017 Ψ		5,090
				13,360
		Wholesale Trade - 1.1%
		Gates Global LLC
	5,590	4.25%, 07/05/2021		5,520
		Harbor Freight Tools
	358	4.75%, 07/26/2019		357
				5,877
		Total Senior Floating Rate Interests
		(Cost $416,155)	$	408,999
Common Stocks - 0.4%
		Software and Services - 0.4%
	69	Momentive Performance Materials, Inc. ⌂●†	$	2,352
				2,352
		Total Common Stocks
		(Cost $2,497)	$	2,352

The accompanying notes are an integral part of these financial statements.

9

The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Exchange Traded Funds - 1.7%
		Other Investment Pools and Funds - 1.7%
	32	iShares iBoxx $ High Yield Corporate Bond ETF			$	2,953
	117	PowerShares Senior Loan Portfolio				2,857
	29	SPDR Barclays Short Term High Yield Bond ETF				866
	44	SPDR Blackstone/GSO Senior Loan ETF				2,160
						8,836
		Total Exchange Traded Funds
		(Cost $8,924)			$	8,836
		Total Long-Term Investments
		(Cost $543,970)			$	532,558
Short-Term Investments - 2.7%
		Other Investment Pools and Funds - 2.7%
	14,585	JP Morgan U.S. Government Money Market Fund			$	14,585
		Total Short-Term Investments
		(Cost $14,585)			$	14,585
		Total Investments
		(Cost $558,555) ▲	101.6	%	$	547,143
		Other Assets and Liabilities	(1.6	)%		(8,373	)
		Total Net Assets	100.0	%	$	538,770

The accompanying notes are an integral part of these financial statements.

10

The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $558,556 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	1,740
Unrealized Depreciation		(13,153	)
Net Unrealized Depreciation	$	(11,413	)

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

† These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $2,352, which represents 0.4% of total net assets.

· Non-income producing.

Ψ The issuer is in bankruptcy. However, the investment held by the Fund is current with respect to interest payments.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

♦ Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown.  Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $73,290, which represents 13.6% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $25,178, which represents 4.7% of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
04/2014		69	Momentive Performance Materials, Inc.	$	2,497

At October 31, 2014, the aggregate value of these securities was $2,352, which represents 0.4% of total net assets.

β Convertible security.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

Þ This security may pay interest in the form of additional principal in lieu of cash.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $30,755 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

The accompanying notes are an integral part of these financial statements.

11

The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
CAD	Buy	11/28/2014	RBC	$	29	$	29	$	–	$	–
EUR	Buy	11/04/2014	HSBC		742		742		–		–
EUR	Sell	11/28/2014	HSBC		742		742		–		–
EUR	Sell	11/28/2014	JPM		26,586		26,306		280		–
GBP	Sell	11/28/2014	CBK		24,450		24,415		35		–
GBP	Sell	11/28/2014	UBS		420		419		1		–
GBP	Sell	11/28/2014	WEST		1,267		1,262		5		–
Total								$	321	$	–

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
CBK	Citibank NA
HSBC	HSBC Bank USA
JPM	JP Morgan Chase & Co.
RBC	RBC Dominion Securities, Inc.
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:
CAD	Canadian Dollar
EUR	EURO
GBP	British Pound
Other Abbreviations:
ETF	Exchange Traded Fund
LIBOR	London Interbank Offered Rate
SPDR	Standard & Poor's Depositary Receipt

The accompanying notes are an integral part of these financial statements.

12

The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	2,352	$	–	$	–	$	2,352
Corporate Bonds		112,371		–		112,371		–
Exchange Traded Funds		8,836		8,836		–		–
Senior Floating Rate Interests		408,999		–		408,999		–
Short-Term Investments		14,585		14,585		–		–
Total	$	547,143	$	23,421	$	521,370	$	2,352
Foreign Currency Contracts *	$	321	$	–	$	321	$	–
Total	$	321	$	–	$	321	$	–
Liabilities:
Foreign Currency Contracts *	$	–	$	–	$	–	$	–
Total	$	–	$	–	$	–	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

‡ The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales		Transfers Into Level 3		Transfers Out of Level 3		Balance as of October 31, 2014
Assets:
Common Stocks	$	—	$	—	$	(145	)*	$	—	$	2,497	$	—	$	—	$	—	$	2,352
Total	$	—	$	—	$	(145	)	$	—	$	2,497	$	—	$	—	$	—	$	2,352

* Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(145).

The accompanying notes are an integral part of these financial statements.

13

The Hartford Floating Rate High Income Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $558,555)	$	547,143
Cash		1,738
Unrealized appreciation on foreign currency contracts		321
Receivables:
Investment securities sold		28,882
Fund shares sold		10,705
Dividends and interest		3,837
Other assets		214
Total assets		592,840
Liabilities:
Unrealized depreciation on foreign currency contracts		—
Bank overdraft — foreign cash		3,791
Payables:
Investment securities purchased		39,911
Fund shares redeemed		10,135
Investment management fees		72
Dividends		38
Administrative fees		—
Distribution fees		32
Accrued expenses		65
Other liabilities		26
Total liabilities		54,070
Net assets	$	538,770
Summary of Net Assets:
Capital stock and paid-in-capital	$	542,089
Undistributed net investment income		832
Accumulated net realized gain		7,039
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(11,190	)
Net assets	$	538,770
Shares authorized		450,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$10.54/$10.87
Shares outstanding		18,132
Net assets	$	191,162
Class C: Net asset value per share	$	10.54
Shares outstanding		11,235
Net assets	$	118,465
Class I: Net asset value per share	$	10.55
Shares outstanding		19,658
Net assets	$	207,458
Class R3: Net asset value per share	$	10.52
Shares outstanding		274
Net assets	$	2,886
Class R4: Net asset value per share	$	10.52
Shares outstanding		286
Net assets	$	3,015
Class R5: Net asset value per share	$	10.52
Shares outstanding		239
Net assets	$	2,515
Class Y: Net asset value per share	$	10.52
Shares outstanding		1,261
Net assets	$	13,269

The accompanying notes are an integral part of these financial statements.

14

The Hartford Floating Rate High Income Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	543
Interest		26,748
Less: Foreign tax withheld		(38	)
Total investment income		27,253
Expenses:
Investment management fees		3,513
Administrative services fees
Class R3		6
Class R4		5
Class R5		3
Transfer agent fees
Class A		153
Class C		100
Class I		112
Class R3		—
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		497
Class C		1,102
Class R3		14
Class R4		8
Custodian fees		21
Accounting services fees		91
Registration and filing fees		183
Board of Directors' fees		13
Audit fees		14
Other expenses		79
Total expenses (before waivers)		5,914
Expense waivers		(266	)
Total waivers		(266	)
Total expenses, net		5,648
Net Investment Income		21,605
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		4,246
Net realized gain on foreign currency contracts		3,180
Net realized gain on other foreign currency transactions		16
Net Realized Gain on Investments and Foreign Currency Transactions		7,442
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(15,534	)
Net unrealized appreciation of foreign currency contracts		397
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(187	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(15,324	)
Net Loss on Investments and Foreign Currency Transactions		(7,882	)
Net Increase in Net Assets Resulting from Operations	$	13,723

The accompanying notes are an integral part of these financial statements.

15

The Hartford Floating Rate High Income Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	21,605		$	9,963
Net realized gain on investments and foreign currency transactions		7,442			1,252
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(15,324	)		2,355
Net Increase in Net Assets Resulting from Operations		13,723			13,570
Distributions to Shareholders:
From net investment income
Class A		(8,552	)		(4,424	)
Class C		(3,922	)		(2,052	)
Class I		(7,859	)		(2,553	)
Class R3		(111	)		(104	)
Class R4		(144	)		(115	)
Class R5		(124	)		(122	)
Class Y		(567	)		(526	)
Total from net investment income		(21,279	)		(9,896	)
From net realized gain on investments
Class A		(498	)		(470	)
Class C		(266	)		(243	)
Class I		(394	)		(138	)
Class R3		(8	)		(21	)
Class R4		(8	)		(21	)
Class R5		(9	)		(23	)
Class Y		(31	)		(96	)
Total from net realized gain on investments		(1,214	)		(1,012	)
Total distributions		(22,493	)		(10,908	)
Capital Share Transactions:
Class A		30,419			116,068
Class C		31,050			64,441
Class I		91,588			103,743
Class R3		369			285
Class R4		412			328
Class R5		124			141
Class Y		2,575			624
Net increase from capital share transactions		156,537			285,630
Net Increase in Net Assets		147,767			288,292
Net Assets:
Beginning of period		391,003			102,711
End of period	$	538,770		$	391,003
Undistributed (distributions in excess of) net investment income	$	832		$	91

The accompanying notes are an integral part of these financial statements.

16

The Hartford Floating Rate High Income Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Floating Rate High Income Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a non-diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 3.00%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which

17

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date. 

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment

18

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into. 

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

19

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared daily and paid monthly. Dividends from realized gains, if any, are paid at least once a year.  

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

20

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	321	$	—	$	—	$	—	$	—	$	321
Total	$	—	$	321	$	—	$	—	$	—	$	—	$	321
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	—

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on foreign currency contracts	$	—	$	3,180	$	—	$	—	$	—	$	—	$	3,180
Total	$	—	$	3,180	$	—	$	—	$	—	$	—	$	3,180
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	397	$	—	$	—	$	—	$	—	$	397
Total	$	—	$	397	$	—	$	—	$	—	$	—	$	397

21

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the Futures Commission Merchant's ("FCM") custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Unrealized appreciation on foreign currency contracts	$	321	$	—	$	—	$	—	$	321
Total subject to a master netting or similar arrangement	$	321	$	—	$	—	$	—	$	321

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Pledged		Cash Collateral Pledged		Net Amount (not less than $0)
Description
Unrealized depreciation on foreign currency contracts	$	—	$	—	$	—	$	—	$	—
Total subject to a master netting or similar arrangement	$	—	$	—	$	—	$	—	$	—

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e.,

22

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	22,169	$	10,807
Long-Term Capital Gains ‡		328		83

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

23

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	5,116
Undistributed Long-Term Capital Gain		3,133
Unrealized Depreciation*		(11,512	)
Total Accumulated Deficit	$	(3,263	)

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	415
Accumulated Net Realized Gain (Loss)		(415	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s

24

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.7000%
On next $2 billion	0.6500%
On next $2.5 billion	0.6400%
On next $5 billion	0.6300%
Over $10 billion	0.6200%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.018%
On next $5 billion	0.014%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.05%	1.80%	0.80%	1.35%	1.05%	0.75%	0.75%

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $589 and contingent deferred sales charges of $28 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

25

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R3		85	%		—	%*
Class R4		82			—	*
Class R5		100	†		—	*
Class Y		85			2

* Percentage rounds to zero.

† Percentage rounds to 100%.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	657,771	$	—	$	657,771
Sales Proceeds		496,977		—		496,977

26

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014									For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares		Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		15,342		835		(13,334	)		2,843		14,447		449		(3,985	)		10,911
Amount	$	164,415	$	8,950	$	(142,946	)	$	30,419	$	153,788	$	4,767	$	(42,487	)	$	116,068
Class C
Shares		6,368		381		(3,855	)		2,894		6,752		211		(911	)		6,052
Amount	$	68,330	$	4,080	$	(41,360	)	$	31,050	$	71,912	$	2,229	$	(9,700	)	$	64,441
Class I
Shares		24,435		734		(16,672	)		8,497		11,673		234		(2,168	)		9,739
Amount	$	262,321	$	7,865	$	(178,598	)	$	91,588	$	124,345	$	2,492	$	(23,094	)	$	103,743
Class R3
Shares		26		10		(2	)		34		20		12		(5	)		27
Amount	$	280	$	109	$	(20	)	$	369	$	212	$	124	$	(51	)	$	285
Class R4
Shares		125		13		(99	)		39		20		12		(2	)		30
Amount	$	1,339	$	141	$	(1,068	)	$	412	$	219	$	131	$	(22	)	$	328
Class R5
Shares		71		12		(71	)		12		14		13		(14	)		13
Amount	$	763	$	123	$	(762	)	$	124	$	148	$	144	$	(151	)	$	141
Class Y
Shares		372		56		(188	)		240		1		59		(1	)		59
Amount	$	4,002	$	598	$	(2,025	)	$	2,575	$	7	$	622	$	(5	)	$	624
Total
Shares		46,739		2,041		(34,221	)		14,559		32,927		990		(7,086	)		26,831
Amount	$	501,450	$	21,866	$	(366,779	)	$	156,537	$	350,631	$	10,509	$	(75,510	)	$	285,630

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to

27

The Hartford Floating Rate High Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

28

The Hartford Floating Rate High Income Fund

Financial Highlights

	- Selected Per-Share Data - (A)																							- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	10.70	$	0.47	$	(0.13	)	$	0.34	$	(0.47	)	$	(0.03	)	$	(0.50	)	$	10.54		3.23	%	$	191,162		1.10	%		1.05	%		4.35	%
C		10.70		0.39		(0.13	)		0.26		(0.39	)		(0.03	)		(0.42	)		10.54		2.47			118,465		1.87			1.80			3.61
I		10.71		0.50		(0.14	)		0.36		(0.49	)		(0.03	)		(0.52	)		10.55		3.49			207,458		0.84			0.80			4.62
R3		10.68		0.43		(0.13	)		0.30		(0.43	)		(0.03	)		(0.46	)		10.52		2.93			2,886		1.48			1.35			4.06
R4		10.68		0.47		(0.13	)		0.34		(0.47	)		(0.03	)		(0.50	)		10.52		3.24			3,015		1.18			1.05			4.35
R5		10.68		0.50		(0.13	)		0.37		(0.50	)		(0.03	)		(0.53	)		10.52		3.45			2,515		0.88			0.75			4.65
Y		10.68		0.50		(0.13	)		0.37		(0.50	)		(0.03	)		(0.53	)		10.52		3.55			13,269		0.78			0.75			4.66
For the Year Ended October 31, 2013
A	$	10.60	$	0.48	$	0.22		$	0.70	$	(0.50	)	$	(0.10	)	$	(0.60	)	$	10.70		6.78	%	$	163,631		1.13	%		1.05	%		4.53	%
C		10.60		0.40		0.22			0.62		(0.42	)		(0.10	)		(0.52	)		10.70		5.98			89,287		1.88			1.80			3.78
I		10.60		0.50		0.23			0.73		(0.52	)		(0.10	)		(0.62	)		10.71		7.15			119,549		0.84			0.80			4.73
R3		10.58		0.46		0.21			0.67		(0.47	)		(0.10	)		(0.57	)		10.68		6.47			2,560		1.50			1.35			4.32
R4		10.58		0.49		0.21			0.70		(0.50	)		(0.10	)		(0.60	)		10.68		6.79			2,642		1.19			1.05			4.62
R5		10.58		0.52		0.21			0.73		(0.53	)		(0.10	)		(0.63	)		10.68		7.11			2,427		0.89			0.75			4.93
Y		10.58		0.52		0.21			0.73		(0.53	)		(0.10	)		(0.63	)		10.68		7.11			10,907		0.80			0.75			4.92
For the Year Ended October 31, 2012
A	$	10.20	$	0.62	$	0.42		$	1.04	$	(0.64	)	$	–		$	(0.64	)	$	10.60		10.54	%	$	46,387		1.31	%		1.04	%		5.93	%
C		10.20		0.54		0.42			0.96		(0.56	)		–			(0.56	)		10.60		9.70			24,263		2.05			1.78			5.18
I		10.20		0.65		0.42			1.07		(0.67	)		–			(0.67	)		10.60		10.80			15,072		1.05			0.78			6.23
R3		10.20		0.61		0.38			0.99		(0.61	)		–			(0.61	)		10.58		9.98			2,252		1.72			1.35			5.85
R4		10.20		0.64		0.38			1.02		(0.64	)		–			(0.64	)		10.58		10.31			2,292		1.42			1.05			6.15
R5		10.20		0.67		0.38			1.05		(0.67	)		–			(0.67	)		10.58		10.64			2,264		1.12			0.75			6.45
Y		10.20		0.67		0.38			1.05		(0.67	)		–			(0.67	)		10.58		10.64			10,181		1.02			0.75			6.45
From September 30, 2011 (commencement of operations), through October 31, 2011
A(D)	$	10.00	$	0.03	$	0.20		$	0.23	$	(0.03	)	$	–		$	(0.03	)	$	10.20		2.25	%(E)	$	6,855		1.29	%(F)		1.00	%(F)		4.72	%(F)
C(D)		10.00		0.03		0.19			0.22		(0.02	)		–			(0.02	)		10.20		2.19	(E)		3,101		2.07	(F)		1.78	(F)		4.21	(F)
I(D)		10.00		0.04		0.19			0.23		(0.03	)		–			(0.03	)		10.20		2.28	(E)		2,611		1.05	(F)		0.76	(F)		5.10	(F)
R3(D)		10.00		0.03		0.19			0.22		(0.02	)		–			(0.02	)		10.20		2.22	(E)		2,044		1.74	(F)		1.35	(F)		4.25	(F)
R4(D)		10.00		0.03		0.20			0.23		(0.03	)		–			(0.03	)		10.20		2.25	(E)		2,044		1.44	(F)		1.05	(F)		4.55	(F)
R5(D)		10.00		0.04		0.19			0.23		(0.03	)		–			(0.03	)		10.20		2.28	(E)		2,045		1.14	(F)		0.75	(F)		4.85	(F)
Y(D)		10.00		0.04		0.19			0.23		(0.03	)		–			(0.03	)		10.20		2.27	(E)		9,195		1.04	(F)		0.75	(F)		4.85	(F)

See Portfolio Turnover information on the next page.

29

The Hartford Floating Rate High Income Fund

Financial Highlights – (continued)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Commenced operations on September 30, 2011.

(E) Not annualized.

(F) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		100	%
For the Year Ended October 31, 2013		59
For the Year Ended October 31, 2012		67
From September 30, 2011 (commencement of operations) through October 31, 2011		–	(A)

(A) Not annualized.

30

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Floating Rate High Income Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Floating Rate High Income Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

31

The Hartford Floating Rate High Income Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

32

The Hartford Floating Rate High Income Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

33

The Hartford Floating Rate High Income Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

34

The Hartford Floating Rate High Income Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

35

The Hartford Floating Rate High Income Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,003.90	$	5.30	$	1,000.00	$	1,019.91	$	5.35		1.05	%	184	365
Class C	$	1,000.00	$	1,000.10	$	9.07	$	1,000.00	$	1,016.13	$	9.15		1.80		184	365
Class I	$	1,000.00	$	1,005.10	$	4.04	$	1,000.00	$	1,021.17	$	4.08		0.80		184	365
Class R3	$	1,000.00	$	1,002.40	$	6.81	$	1,000.00	$	1,018.40	$	6.87		1.35		184	365
Class R4	$	1,000.00	$	1,003.90	$	5.30	$	1,000.00	$	1,019.91	$	5.35		1.05		184	365
Class R5	$	1,000.00	$	1,004.40	$	3.79	$	1,000.00	$	1,021.43	$	3.82		0.75		184	365
Class Y	$	1,000.00	$	1,005.40	$	3.79	$	1,000.00	$	1,021.43	$	3.82		0.75		184	365

36

The Hartford Floating Rate High Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Floating Rate High Income Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

37

The Hartford Floating Rate High Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

38

The Hartford Floating Rate High Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile of its expense group. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

39

The Hartford Floating Rate High Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

40

The Hartford Floating Rate High Income Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price) and call risk (the risk that an investment may be redeemed early).

Loan Risk: The Fund’s investments in loans may at times become difficult to value and highly illiquid; they are subject to credit risk such as nonpayment of principal or interest, and risks of bankruptcy and insolvency.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Non-Diversified Risk: The Fund is non-diversified, so it may be more exposed to the risks associated with individual issuers than a diversified fund.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

The Hartford Floating Rate High Income Fund should not be considered an alternative to CDs or money market funds. The Fund is for investors who are looking to complement their traditional fixed income investments. 

41

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-FRHI14 12/14 113975-3 Printed in U.S.A. 

HARTFORDFUNDS

THE HARTFORD  
GLOBAL ALL-ASSET FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Global All-Asset Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Consolidated Financial Statements
Consolidated Schedule of Investments at October 31, 2014	5
Consolidated Statement of Assets and Liabilities at October 31, 2014	29
Consolidated Statement of Operations for the Year Ended October 31, 2014	31
Consolidated Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	32
Notes to Consolidated Financial Statements	33
Consolidated Financial Highlights	50
Report of Independent Registered Public Accounting Firm	52
Directors and Officers (Unaudited)	53
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	55
Quarterly Portfolio Holdings Information (Unaudited)	55
Federal Tax Information (Unaudited)	56
Expense Example (Unaudited)	57
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	58
Main Risks (Unaudited)	62

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Global All-Asset Fund inception 05/28/2010

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide long-term total return.

Performance Overview 5/28/10 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			Since      Inception▲
Global All-Asset A#		4.18	%		6.86	%
Global All-Asset A##		-1.55	%		5.50	%
Global All-Asset C#		3.30	%		6.05	%
Global All-Asset C##		2.30	%		6.05	%
Global All-Asset I#		4.43	%		7.14	%
Global All-Asset R3#		3.86	%		6.57	%
Global All-Asset R4#		4.18	%		6.90	%
Global All-Asset R5#		4.49	%		7.17	%
Global All-Asset Y#		4.54	%		7.21	%
Barclays Global Aggregate USD Hedged Index		5.32	%		4.16	%
Barclays U.S. Aggregate Bond Index		4.14	%		3.99	%
Global All-Asset Fund Blended Index		7.20	%		9.52	%
MSCI All Country World Index		8.32	%		12.78	%

▲	Inception: 05/28/2010
#	Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Barclays Global Aggregate USD Hedged Index represents the global investment-grade fixed-income markets. 

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index. 

Global All-Asset Fund Blended Index is calculated by Hartford Funds Management Company, LLC (HFMC) and represents the weighted return of 40% Barclays Global Aggregate USD Hedged Index and 60% MSCI All Country World Index. 

MSCI All Country World Index is a free float-adjusted market capitalization index that measures equity market performance in the global developed and emerging markets, consisting of 45 developed and emerging market country indices.

The Fund has changed its benchmark from the Barclays U.S. Aggregate Bond Index to the Barclays Global Aggregate Hedged USD Index. HFMC believes that the Barclays Global Aggregate USD Hedged Index better reflects the Fund’s investment strategy.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Global All-Asset Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Global All-Asset Class A		1.26	%		1.38	%
Global All-Asset Class C		2.01	%		2.12	%
Global All-Asset Class I		1.01	%		1.09	%
Global All-Asset Class R3		1.51	%		1.71	%
Global All-Asset Class R4		1.21	%		1.43	%
Global All-Asset Class R5		0.96	%		1.10	%
Global All-Asset Class Y		0.91	%		1.00	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Consolidated Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Scott M. Elliott	Brian M. Garvey	Stephen A. Gorman, CFA
Senior Vice President and Asset Allocation Portfolio Manager	Vice President and Asset Allocation Portfolio Manager	Vice President and Director of Tactical Asset Allocation

How did the Fund perform?

The Class A shares of The Hartford Global All-Asset Fund returned 4.18%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s custom benchmark (60% MSCI All Country World Index, 40% Barclays Global Aggregate USD Hedged Index), which returned 7.20% for the same period. The Fund underperformed the 5.48% average return of the Lipper Flexible Portfolio Funds peer group, a group of funds that allocate their investments across various asset classes, including domestic common stocks, bonds, and money market instruments, with a focus on total return. For the same period, the Barclays Global Aggregate USD Hedged Index returned 5.32% and the MSCI All Country World Index returned 8.32%.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The Fund uses multiple levers to generate investment performance. It can invest in equities and fixed income, as well as undertake opportunistic investments in additional asset classes, such as currencies and commodity-related securities. Selection within both the equity and fixed income portions of the Fund detracted during the period. As part of the asset allocation decision making process, the Fund uses global thematic ideas based on macroeconomic trends derived from Wellington Management’s research. From a global thematic perspective, four of six underlying themes in the Fund underperformed relative to the Fund’s custom benchmark during the period, led by Meaningful European Reform and Activist Governments reflecting concerns about European growth and deflation risks. Within Meaningful European reform, underperformance, relative to the Fund’s custom benchmark, was driven by equity exposures in the region; European fixed income exposures also detracted modestly. Within Activist Governments, the primary detractors were exposures to inflation-linked bonds, gold and gold equities. Our Absolute Return Fixed Income and Structural Improvement in Emerging Markets Balance Sheets themes outperformed relative to the Fund’s custom benchmark during the

3

The Hartford Global All-Asset Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

period. Outperformance within the Absolute Return Fixed Income theme was primarily driven by strong results from a portion of the Fund that seeks to generate absolute results in the developed market currency and interest rate markets. Within the sleeve, outperformance relative to the Fund’s custom benchmark was due to short positions in the Japanese Yen and Euro. Exposures to Emerging Market debt, in particular sovereign debt, drove outperformance relative to the Fund’s custom benchmark within Structural Improvement in Emerging Markets Balance Sheets.

Derivatives are used by the Fund primarily to gain exposure to different asset classes, however they did not have a significant impact on performance during the period.

What is the outlook?

We believe the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe and Japan, while China continues to decelerate.

Wage trends and inflation have been quite muted in the U.S., yet below the surface it appears that U.S. firms are having a tougher time finding qualified labor. This is suggestive of growing wage pressures in 2015 along with an improving labor market. At the same time, Japanese and European policy makers are set to deliver more stimulus. We believe financial markets are overly complacent about inflation potential. Finally, we believe markets have overreacted to sluggish growth in Europe, which in our view is consistent with a gradual recovery coupled with structural reform. Under the surface the reform process is ongoing and we expect that it should support improved corporate profitability. We believe valuations are attractive and, unlike the U.S., policy remains accommodative. As a result, we continue to find what we believe to be good investment opportunities in Europe.

At the end of the period, the Fund held allocations to TIPS, gold, and gold mining equities. The Fund also ended the period overweight European equities, where we believe valuations are attractive.

Credit Exposure
as of October 31, 2014
Credit Rating *	Percentage of Net Assets
Aaa/ AAA		10.8	%
Aa/ AA		9.0
A		1.2
Baa/ BBB		3.7
Ba/ BB		1.6
B		0.8
Caa/ CCC or Lower		0.6
Not Rated		0.8
Non-Debt Securities and Other Short-Term Instruments		72.8
Other Assets and Liabilities		(1.3	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type
as of October 31, 2014
Category	Percentage of Net Assets
Equity Securities
Common Stocks		58.3	%
Exchange Traded Funds		4.0
Preferred Stocks		0.4
Warrants		0.1
Total		62.8	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		4.6	%
Corporate Bonds		3.9
Foreign Government Obligations		9.6
U.S. Government Agencies		6.0
U.S. Government Securities		4.4
Total		28.5	%
Short-Term Investments		9.8
Purchased Options		0.2
Other Assets and Liabilities		(1.3	)
Total		100.0	%

4

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 4.6%
		Cayman Islands - 0.3%
		Ares CLO Ltd.
$	255	1.62%, 04/20/2023 ■Δ	$	247
		Carlyle Global Market Strategies
	250	1.75%, 04/17/2025 ■Δ		250
		CIFC Funding Ltd.
	275	1.38%, 08/14/2024 ■Δ		274
		Magnetite CLO Ltd.
	250	2.23%, 07/25/2026 ■Δ		242
		OZLM Funding Ltd.
	285	1.73%, 04/17/2026 ■Δ		284
				1,297
		United Kingdom - 0.0%
		Granite Master Issuer plc
	224	0.30%, 12/20/2054 Δ		223
	46	0.34%, 12/20/2054 Δ		45
		Motor plc
	41	1.29%, 02/25/2020 ■		41
				309
		United States - 4.3%
		Ally Automotive Receivables Trust
	138	1.14%, 06/15/2016		139
	96	2.23%, 03/15/2016		96
		Ally Master Owner Trust
	100	1.54%, 09/15/2019		100
		AmeriCredit Automobile Receivables Trust
	425	2.64%, 10/10/2017		431
	280	2.67%, 01/08/2018		284
		ARI Fleet Lease Trust
	283	0.45%, 01/15/2021 ■Δ		283
		Asset Backed Securities Corp Home Equity
	283	0.66%, 08/25/2034 Δ		268
		Banc of America Commercial Mortgage, Inc.
	312	5.75%, 02/10/2051 Δ		343
		Banc of America Mortgage Securities
	88	2.69%, 04/25/2034 Δ		89
		Bear Stearns Adjustable Rate Mortgage Trust
	34	2.26%, 08/25/2035 Δ		34
	388	2.52%, 07/25/2036 Δ		320
		Bear Stearns Asset Backed Securities
	580	6.00%, 11/25/2035		512
		Bear Stearns Commercial Mortgage Securities, Inc.
	371	5.43%, 03/11/2039 Δ		386
	350	5.90%, 06/11/2040 Δ		385
		Cabela's Master Credit Card Trust
	230	0.60%, 07/15/2022 Δ		229
	425	0.80%, 08/16/2021 ■Δ		428
		Citigroup/Deutsche Bank Commercial Mortgage Trust
	285	5.40%, 07/15/2044 Δ		291
		Commercial Mortgage Pass-Through Certificates
	308	5.95%, 06/10/2046 Δ		325
		Connecticut Avenue Securities Series
	314	1.75%, 01/25/2024 Δ		314
	65	2.75%, 05/25/2024 Δ		58
	350	3.15%, 07/25/2024 Δ		320
	330	5.40%, 10/25/2023 Δ		366
		Countrywide Alternative Loan Trust
	555	5.25%, 08/25/2035		507
		Countrywide Home Loans, Inc.
	379	2.58%, 09/25/2047 Δ		337
		Credit Acceptance Automotive Loan Trust
	250	1.83%, 04/15/2021 ■		251
	265	2.21%, 09/15/2020 ■		268
	300	2.26%, 10/15/2021 ■		302
	250	2.29%, 04/15/2022 ■		251
		CS First Boston Mortgage Securities Corp.
	500	5.12%, 11/15/2037 ■		501
		Dryden Senior Loan Fund
	350	1.70%, 07/15/2026 ■Δ		348
		First Investors Automotive Owner Trust
	254	1.23%, 03/15/2019 ■		255
		FREMF Mortgage Trust
	160	3.60%, 11/25/2046 ■Δ		164
	105	3.95%, 06/25/2047 ■Δ		109
	500	4.07%, 07/25/2045 ■Δ		512
	95	4.27%, 02/25/2046 ■Δ		96
	215	4.38%, 06/25/2047 ■Δ		221
		GE Capital Commercial Mortgage Corp.
	500	4.95%, 06/10/2048		501
		GE Dealer Floorplan Master Note Trust
	425	0.65%, 06/20/2017 Δ		425
		GE Equipment Transportation LLC
	100	1.31%, 09/24/2020		100
		Goldman Sachs Mortgage Securities Corp. II
	300	5.16%, 12/10/2043 ■		340
		Granite Master Issuer plc
	243	0.36%, 12/20/2054 Δ		241
		GSR Mortgage Loan Trust
	399	2.63%, 03/25/2047 Δ		348
	216	2.66%, 09/25/2035 Δ		216
	143	4.53%, 01/25/2035 Δ		140
		JP Morgan Chase Commercial Mortgage Securities Corp.
	380	5.40%, 12/15/2044 Δ		391
	375	6.06%, 04/15/2045 Δ		395
		JP Morgan Mortgage Acquisition Corp.
	273	5.33%, 11/25/2036 Δ		276
		JP Morgan Mortgage Trust
	223	3.00%, 09/25/2044 ■		226
		LB-UBS Commercial Mortgage Trust
	368	5.43%, 02/15/2040		399
	375	6.32%, 04/15/2041 Δ		418
		Mastr Asset Backed Securities Trust
	370	0.78%, 03/25/2035 Δ		359
		Morgan Stanley Capital I
	16	0.78%, 03/25/2035 Δ		15
	354	5.83%, 10/15/2042 Δ		368
		MortgageIT Trust
	343	0.45%, 08/25/2035 Δ		327
	320	0.47%, 02/25/2035 Δ		312
		Nationstar Agency Advance Funding Trust
	200	1.89%, 02/18/2048 ■		196
		New York City Tax Lien
	75	1.03%, 11/10/2027 ■		75
		Opteum Mortgage Acceptance Corp.
	410	0.58%, 04/25/2035 Δ		379
		Option One Mortgage Loan Trust
	127	0.65%, 02/25/2035 Δ		125

The accompanying notes are an integral part of these financial statements.

5

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 4.6% - (continued)
		United States - 4.3% - (continued)
		Oscar US Funding Trust
$	160	1.00%, 08/15/2017 ■	$	160
		Prestige Automotive Receivables Trust
	150	3.25%, 07/15/2019 ■		154
		Residential Asset Mortgage Products, Inc.
	100	0.56%, 11/25/2035 Δ		98
		Residential Asset Securities Corp.
	93	0.44%, 03/25/2036 Δ		92
		Residential Funding Mortgage Securities, Inc.
	390	3.22%, 02/25/2036 Δ		346
		Santander Drive Automotive Receivables Trust
	100	1.82%, 05/15/2019		100
	94	1.94%, 12/15/2016		95
	425	3.01%, 04/16/2018		433
	420	3.78%, 11/15/2017		427
	393	3.82%, 08/15/2017		398
		Soundview Home Equity Loan Trust
	91	0.57%, 11/25/2035 Δ		89
		SpringCastle America Funding LLC
	260	2.70%, 05/25/2023 ■		260
		Springleaf Funding Trust
	155	2.41%, 12/15/2022 ■		155
		Structured Asset Securities Corp.
	150	0.30%, 02/25/2036 Δ		148
		Thornburg Mortgage Securities Trust
	307	2.24%, 04/25/2045 Δ		310
		Wachovia Bank Commercial Mortgage Trust
	170	5.41%, 10/15/2044 ■Δ		168
	380	5.55%, 03/15/2042 ■Δ		384
		Wells Fargo Home Equity Trust
	100	0.56%, 08/25/2035 Δ		100
		Westlake Automobile Receivables Trust
	250	2.24%, 04/15/2020 ■		250
		World Omni Automotive Receivables Trust
	340	1.06%, 09/16/2019		340
				21,202
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $22,894)	$	22,808
Corporate Bonds - 3.9%
		Austria - 0.1%
		UniCredit Bank Austria AG
EUR	200	2.50%, 05/27/2019 §		264
		UNIQA Insurance Group AG
EUR	200	6.88%, 07/31/2043 §		288
				552
		Bermuda - 0.0%
		Digicel Ltd.
	200	8.25%, 09/01/2017 §		205
		Brazil - 0.1%
		Cosan Overseas Ltd.
	225	8.25%, 11/05/2015 §♠		233
		Odebrecht Finance Ltd.
	242	7.50%, 09/14/2015 §♠		244
				477
		British Virgin Islands - 0.1%
		Studio City Finance Ltd.
	350	8.50%, 12/01/2020 §		380
		Cayman Islands - 0.0%
		Aquarius Invest. plc Swiss Reinsurance Co., Ltd.
	200	6.38%, 09/01/2024 §		208
		Chile - 0.1%
		Cencosud S.A.
	250	5.50%, 01/20/2021 §		267
		China - 0.1%
		CNOOC Finance 2012 Ltd.
	350	3.88%, 05/02/2022 §		358
		Colombia - 0.2%
		Bancolombia S.A.
	337	6.13%, 07/26/2020		366
		Empresa de Energia de Bogota
	300	6.13%, 11/10/2021 §		324
		Pacific Rubiales Energy Corp.
	395	5.63%, 01/19/2025 ■		376
				1,066
		Denmark - 0.1%
		Danske Bank A/S
EUR	200	5.75%, 04/06/2020 §♠		257
		France - 0.3%
		AXA S.A.
	150	6.46%, 12/14/2018 §♠		157
		BNP Paribas
	150	3.25%, 03/03/2023		150
		BPCE S.A.
	200	5.15%, 07/21/2024 §		206
		Credit Agricole S.A.
EUR	150	6.50%, 06/23/2049 §		191
GBP	175	7.50%, 04/29/2049 §		275
	200	8.13%, 09/19/2033 §		227
		Societe Generale
	200	6.00%, 01/27/2020 §♠		188
EUR	250	6.75%, 04/07/2049 §		315
				1,709
		Germany - 0.1%
		Commerzbank AG
	350	8.13%, 09/19/2023 §		405
		Hong Kong - 0.1%
		Hongkong (The) Land Finance Co., Ltd.
	165	4.50%, 10/07/2025		173
		Hutchison Whampoa International Ltd.
	232	6.00%, 10/28/2015 ■♠		240
		Li & Fung Ltd.
	168	5.25%, 05/13/2020 §		182
				595
		India - 0.1%
		ICICI Bank Ltd.
	275	5.75%, 11/16/2020 §		305

The accompanying notes are an integral part of these financial statements.

6

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 3.9% - (continued)
		India - 0.1% - (continued)
		Reliance Holdings USA, Inc.
$	325	5.40%, 02/14/2022 §	$	354
				659
		Ireland - 0.1%
		Allied Irish Banks plc
EUR	150	2.75%, 04/16/2019 §		194
		Baggot Securities Ltd.
EUR	250	10.24%, 12/29/2049 §		332
		MTS International Funding Ltd.
	175	8.63%, 06/22/2020 §		190
				716
		Israel - 0.1%
		Teva Pharmaceuticals Finance LLC
	300	6.15%, 02/01/2036		366
		Italy - 0.2%
		Banca Popolare di Lodi Investors Trust III
EUR	75	6.74%, 06/29/2049		94
		Banca Popolare di Milano Scarl
EUR	150	4.25%, 01/30/2019 §		201
		Intesa Sanpaolo S.p.A.
	200	5.25%, 01/12/2024		218
EUR	200	9.50%, 10/29/2049 §		273
		UniCredit S.p.A.
	250	8.00%, 06/03/2024 §♠		250
				1,036
		Japan - 0.1%
		Sumitomo Life Insurance Co.
	350	6.50%, 09/20/2073 §		391
		Kazakhstan - 0.1%
		HSBK Europe B.V.
	377	7.25%, 05/03/2017 §		400
		Luxembourg - 0.1%
		Gaz Capital S.A.
	225	9.25%, 04/23/2019 §		260
		VTB Capital S.A.
	294	6.88%, 05/29/2018 §		300
				560
		Mexico - 0.1%
		Banco Santander S.A.
	400	4.13%, 11/09/2022 §		405
		Netherlands - 0.2%
		ABN Amro Bank N.V.
	225	6.25%, 04/27/2022 §		254
		Indosat Palapa Co. B.V.
	230	7.38%, 07/29/2020 §		244
		ING Bank N.V.
	275	4.13%, 11/21/2023 §		282
		NN Group N.V.
EUR	150	4.63%, 04/08/2044 §		196
				976
		Peru - 0.1%
		Banco de Credito del Peru/Panama
	391	5.38%, 09/16/2020 §		426
		Portugal - 0.0%
		Banco Espirito Santo S.A.
EUR	100	4.00%, 01/21/2019 §		117
		Qatar (State of) - 0.0%
		CBQ Finance Ltd.
	189	7.50%, 11/18/2019 ■		227
		Russia - 0.0%
		Gazprombank OJSC Via GPB Eurobond
	250	7.88%, 04/25/2018 §♠Δ		239
		Singapore - 0.1%
		DBS Bank Ltd.
	400	3.63%, 09/21/2022 §		412
		South Korea - 0.1%
		Korea Hydro & Nuclear Power Co., Ltd.
	225	4.75%, 07/13/2021 §		248
		Posco
	402	4.25%, 10/28/2020 ■		430
				678
		Spain - 0.2%
		Banco Bilbao Vizcaya Argentaria S.A.
EUR	400	7.00%, 12/29/2049 §		514
		Banco Santander S.A.
EUR	300	6.25%, 03/12/2049 - 09/11/2049 §		367
		Bankia S.A.
EUR	200	4.00%, 05/22/2024 §Δ		246
		BBVA International PFD Uniperson
	75	5.92%, 04/18/2017 ♠		77
				1,204
		Switzerland - 0.2%
		Credit Suisse Group AG
EUR	200	5.75%, 09/18/2025 §		279
		UBS AG
	275	4.75%, 05/22/2023 §		278
	250	5.13%, 05/15/2024 §		250
				807
		Thailand - 0.1%
		PTT plc
	300	3.38%, 10/25/2022 ■		293
		Turkey - 0.1%
		Yapi ve Kredi Bankasi
	275	4.00%, 01/22/2020 §		263
		United Arab Emirates - 0.1%
		DP World Ltd.
	200	6.85%, 07/02/2037 ■		230
		Taqa Abu Dhabi National Energy Co.
	138	5.88%, 10/27/2016 ■		150
				380
		United Kingdom - 0.5%
		Abbey National Treasury Services plc
	150	4.00%, 03/13/2024		155
		Barclays Bank plc
EUR	350	8.00%, 12/15/2049		455
		HSBC Holdings plc
	525	5.63%, 01/17/2020 ♠		533

The accompanying notes are an integral part of these financial statements.

7

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 3.9% - (continued)
		United Kingdom - 0.5% - (continued)
		Lloyds Banking Group plc
$	350	7.50%, 06/27/2024 ♠	$	364
		Nationwide Building Society
GBP	200	6.88%, 03/11/2049 §		313
		Royal Bank of Scotland Group plc
	175	5.63%, 08/24/2020		200
		Standard Bank plc
	130	8.13%, 12/02/2019 §		149
		Vedanta Resources plc
	168	9.50%, 07/18/2018 §		191
				2,360
		Total Corporate Bonds
		(Cost $19,517)	$	19,394
Foreign Government Obligations - 9.6%
		Brazil - 0.7%
		Brazil (Federative Republic of)
BRL	7,968	6.00%, 08/15/2022 - 08/15/2050 ◄	$	3,254
				3,254
		Germany - 2.6%
		Germany (Federal Republic of)
EUR	9,729	0.10%, 04/15/2023 ◄		12,800
		Greece - 0.4%
		Greece (Republic of)
EUR	2,220	2.00%, 02/24/2028 - 02/24/2042 §		1,543
EUR	55,775	16.19%, 10/15/2042 ○		606
				2,149
		Italy - 0.8%
		Italy (Republic of)
EUR	1,332	2.10%, 09/15/2017 ◄§		1,757
EUR	1,002	2.55%, 09/15/2041 ◄§		1,327
EUR	650	4.75%, 05/01/2017		894
				3,978
		Japan - 1.4%
		Japan (Government of)
JPY	316,917	0.10%, 09/10/2024 ☼		3,024
JPY	381,501	0.10%, 09/10/2023 ◄		3,631
				6,655
		Mexico - 0.3%
		Mexico (United Mexican States)
MXN	10,701	4.50%, 11/22/2035 ◄		935
	426	6.05%, 01/11/2040		514
				1,449
		New Zealand - 1.7%
		New Zealand (Government of)
NZD	3,638	2.00%, 09/20/2025 ◄§		2,758
NZD	2,260	3.00%, 09/20/2030 ◄§		1,863
NZD	4,467	4.50%, 02/15/2016 ◄§		3,596
				8,217
		Norway - 0.2%
		Norway (Kingdom of)
NOK	8,010	2.00%, 05/24/2023		1,194
		Portugal - 0.6%
		Portugal (Republic of)
EUR	1,525	3.85%, 04/15/2021 ■		2,078
EUR	625	4.75%, 06/14/2019 ■		882
				2,960
		South Korea - 0.7%
		Korea (Republic of)
KRW	4,023,221	1.13%, 06/10/2023 ◄		3,652
		Sweden - 0.2%
		Sweden (Kingdom of)
SEK	4,954	3.50%, 12/01/2028 ◄		1,000
		Total Foreign Government Obligations
		(Cost $48,835)	$	47,308
U.S. Government Agencies - 6.0%
		United States - 6.0%
		FHLMC
$	1,600	4.50%, 11/15/2044 ☼Ð	$	1,733
		FNMA
	5	2.29%, 10/01/2022		5
	5	2.44%, 01/01/2023		5
	300	2.50%, 11/15/2029 ☼Ð		304
	5	2.66%, 09/01/2022		5
	30	2.76%, 05/01/2021		31
	5	2.78%, 04/01/2022		5
	287	2.83%, 06/01/2022		292
	5	2.98%, 01/01/2022		5
	2,900	3.00%, 11/15/2044 ☼Ð		2,901
	5	3.20%, 04/01/2022		5
	30	3.21%, 05/01/2023		31
	20	3.34%, 04/01/2024		21
	344	3.37%, 07/01/2025		356
	134	3.42%, 04/01/2024		141
	5	3.45%, 01/01/2024		5
	5	3.47%, 01/01/2024		5
	17,580	3.50%, 11/15/2044 - 12/15/2044 ☼Ð		18,177
	196	3.65%, 08/01/2023		209
	15	3.67%, 08/01/2023		16
	5	3.70%, 10/01/2023		5
	5	3.76%, 03/01/2024		5
	296	3.78%, 10/01/2023		319
	198	3.81%, 11/01/2023		213
	15	3.86%, 11/01/2023 - 12/01/2025		16
	20	3.87%, 10/01/2025		21
	30	3.89%, 05/01/2030		32
	25	3.93%, 10/01/2023		27
	10	3.96%, 05/01/2034		11
	5	3.97%, 05/01/2029		5
	15	4.06%, 10/01/2028		16
	400	4.50%, 11/15/2044 ☼Ð		434
	281	5.14%, 10/01/2024		328
	1,000	5.50%, 11/15/2044 ☼Ð		1,117
	100	6.00%, 11/15/2044 ☼Ð		113
	264	7.27%, 02/01/2031		328
				25,509

The accompanying notes are an integral part of these financial statements.

8

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
U.S. Government Agencies - 6.0% - (continued)
		GNMA
$	900	3.50%, 11/15/2044 ☼Ð	$	940
	400	4.50%, 11/15/2044 ☼Ð		436
	1,000	6.00%, 11/15/2044 ☼Ð		1,128
				2,504
		Total U.S. Government Agencies
		(Cost $29,817)	$	29,746
U.S. Government Securities - 4.4%
		United States - 4.4%
		U.S. Treasury Bonds
$	625	0.63%, 02/15/2043 ◄	$	591
	1,900	3.38%, 04/15/2032 ◄╦		3,614
				4,205
		U.S. Treasury Notes
	17,075	0.13%, 04/15/2019 - 01/15/2023 ◄‡		17,407
		Total U.S. Government Securities
		(Cost $21,916)	$	21,612
Common Stocks - 58.3%
		Australia - 0.6%
	104	Beach Energy Ltd.	$	107
	4	BHP Billiton Ltd. ADR		251
	28	Buru Energy Ltd. ●		17
	36	Dexus Property Group REIT		38
	57	Dick Smith Holdings Ltd.		110
	10	Domino's Pizza Enterprises Ltd.		238
	980	Evolution Mining Ltd.		518
	12	Federation Centres		30
	10	Goodman Group REIT		49
	11	GrainCorp Ltd.		81
	399	Kingsgate Consolidated Ltd. ●		255
	24	Mirvac Group REIT		38
	16	National Storage REIT ●		19
	16	NuFarm Ltd.		68
	17	Oil Search Ltd.		127
	35	Orora Ltd.		53
	13	Scentre Group		42
	19	Seek Ltd.		275
	11	Stockland REIT		41
	134	Treasury Wine Estates Ltd.		546
	2	Westfield Corp. REIT		13
	7	Woolworths Ltd.		224
				3,140
		Austria - 0.3%
	490	OceanaGold Corp. ●		801
	70	Wienerberger AG		841
				1,642
		Belgium - 0.2%
	8	Ageas		281
	4	Anheuser-Busch InBev N.V.		401
	2	Anheuser-Busch InBev N.V. ADR		268
	2	UCB S.A.		133
	2	Umicore S.A.		97
				1,180
		Brazil - 0.2%
	35	Ambev S.A.		233
	8	Banco ABC Brasil S.A.		46
	12	BRF Brasil Foods S.A. ADR		321
	6	BRF S.A.		153
	12	Cosan Ltd.		126
	7	Minerva S.A. ●		34
	17	Petroleo Brasileiro S.A. ADR		199
	10	SLC Agricola S.A.		68
				1,180
		British Virgin Islands - 0.2%
	97	Atlas Mara Co-Nvest Ltd. ●		1,016
		Canada - 1.5%
	5	Agrium, Inc.		448
	33	AuRico Gold, Inc.		107
	3	BCE, Inc.		149
	19	Cameco Corp.		327
	1	Canadian Apartment Properties REIT		14
	14	Canadian Imperial Bank of Commerce		1,306
	110	Centerra Gold, Inc.		430
	2	Dream Industrial Real Estate Investment Trust		14
	15	EcoSynthetix, Inc. ●		20
	8	Enbridge, Inc.		386
	17	First National Financial Corp.		345
	2	Goldcorp, Inc.		45
	15	Home Capital Group, Inc.		700
	3	Imax Corp. ●		90
	4	Imperial Oil Ltd.		199
	2	Methanex Corp. ADR		124
	28	National Bank of Canada		1,296
	5	Potash Corp. of Saskatchewan, Inc.		156
	6	Quebecor, Inc.		166
	8	Sunopta, Inc. ●		113
	2	Telus Corp.		71
	307	Timmins Gold Corp. ●		294
	22	Trican Well Service Ltd.		201
	34	Trinidad Drilling		220
	5	Veresen, Inc.		74
				7,295
		Cayman Islands - 0.0%
	141	HC International, Inc. ●		173
	72	Hilong Holdings Ltd.		23
				196
		China - 2.6%
	36	21Vianet Group, Inc. ADR ●		751
	554	Air China Ltd.		359
	3	Alibaba Group Holding Ltd. ●		313
	4	Baidu, Inc. ADR ●		994
	64	China Bluechemical Ltd.		23
	45	China Longyuan Power Group Corp.		48
	60	China Petroleum & Chemical Corp. Class H		52
	82	China Unicom Ltd.		123
	49	ChinaCache International Holdings Ltd. ADR ●		503
	399	Dongfeng Motor Group Co., Ltd.		617
	85	E-House China Holdings Ltd.		851
	10	ENN Energy Holdings Ltd.		67
	487	GOME Electrical Appliances Holdings Ltd.		77
	582	Guangdong Investment Ltd.		765
	847	Huabao International Holdings Ltd.		606
	836	Huadian Fuxin Energy Corp., Ltd.		481
	770	Intime Retail Group Co., Ltd.		671
	—	JD.com, Inc. ●		8
	386	Lenovo Group Ltd.		569

The accompanying notes are an integral part of these financial statements.

9

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 58.3% - (continued)
		China - 2.6% - (continued)
	12	Mandarin Oriental International Ltd.	$	21
	2,226	Maoye International Holdings		344
	8	NetEase, Inc. ADR		716
	40	New Oriental Education & Technology Group, Inc. ADR ●		861
	6	NQ Mobile, Inc. ADR ●		43
	356	PetroChina Co., Ltd.		446
	60	Phoenix New Media Ltd. ADR ●		611
	308	PICC Property and Casualty Co., Ltd.		565
	54	Ping An Insurance (Group) Co.		437
	17	Sky-Mobi Ltd. ADR ●		129
	301	Sunny Optical Technology Group		487
	879	Zhaojin Mining Industry Co., Ltd.		464
				13,002
		Denmark - 0.2%
	10	DSV AS		290
	1	Gronlandsbanken		92
	71	Spar Nord Bank A/S		716
				1,098
		Egypt - 0.2%
	917	Centamin plc		751
		Finland - 0.1%
	3	Elisa Oyj		94
	2	Kemira OYJ		26
	2	Kone Oyj Class B		104
	2	Tikkurila Oyj		38
				262
		France - 2.4%
	32	Air France ●		272
	1	Arkema S.A.		34
	27	AXA S.A.		631
	19	BNP Paribas		1,168
	6	Carrefour S.A.		176
	1	Cie Generale d'Optique Essilor International S.A.		106
	42	Compagnie De Saint-Gobain		1,815
	54	Credit Agricole S.A.		796
	—	Dassault Aviation S.A. ●		35
	6	GDF Suez		145
	—	Gecina S.A. REIT		15
	109	Groupe Eurotunnel S.A.		1,382
	3	Havas S.A.		27
	1	Lafarge S.A.		100
	2	Legrand S.A.		89
	1	LVMH Moet Hennessy Louis Vuitton S.A.		154
	2	Naturex		135
	—	Norbert Dentressangle S.A.		40
	8	Rexel S.A.		140
	2	Safran S.A.		132
	1	Sanofi-Aventis S.A.		121
	12	Societe Generale Class A		564
	69	Suez Environment S.A.		1,168
	2	Technip S.A.		140
	—	Unibail Rodamco REIT		77
	29	Vallourec S.A.		1,063
	21	Vinci S.A.		1,174
				11,699
		Germany - 1.6%
	5	Bayerische Motoren Werke (BMW) AG		483
	6	Baywa AG		221
	3	Brenntag AG		143
	2	Deutsche Annington Immobile		48
	4	Deutsche Telekom AG		59
	63	Deutsche Wohnen AG		1,428
	7	E.On SE		114
	22	Freenet AG		587
	2	Gagfah S.A. ●		45
	1	HeidelbergCement AG		69
	8	Hornbach Holding AG		648
	17	Leg Immobilien GmbH		1,152
	1	Linde AG		131
	17	Rheinmetall AG		739
	21	Rhoen-Klinikum AG		635
	21	Rhoen-Klinikum AG Rights		18
	2	Salzgitter AG		49
	6	Suedzucker AG		83
	21	ThyssenKrupp AG ●		517
	37	TUI AG		563
	—	Zalando SE ●		4
				7,736
		Greece - 1.7%
	1,108	Alpha Bank A.E. ●		722
	234	Ellaktor S.A. ●		660
	2,333	Eurobank Ergasias S.A. ●		810
	81	Frigoglass S.A. ●		225
	133	Grivalia Properties REIC		1,442
	128	Hellenic Telecommunications Organization S.A. ●		1,450
	139	Opap S.A.		1,678
	885	Piraeus Bank S.A. ●		1,287
	10	Tsakos Energy Navigation Ltd.		66
				8,340
		Hong Kong - 2.1%
	60	AAC Technologies Holdings, Inc.		359
	83	AIA Group Ltd.		464
	287	Asian Citrus Holdings Ltd.		52
	25	ASM Pacific Technology Ltd.		273
	287	Baoxin Automotive Group Ltd.		219
	5	Cheung Kong Holdings Ltd.		97
	16	Cheung Kong Infrastructure Holdings Ltd.		114
	753	China Lesso Group Holdings Ltd.		395
	10	China Mengniu Dairy Co.		43
	57	China Merchants Holdings International Co., Ltd.		180
	126	China Modern Dairy Holdings Ltd. ●		56
	878	China Resources Cement		597
	184	China Resources Gas Group LT		526
	221	China Resources Land Ltd.		526
	104	Fosun International		123
	202	Goldpac Group Ltd.		196
	9,233	G-Resources Group Ltd. ●		226
	62	Hong Kong & China Gas Co., Ltd.		145
	4	Lifestyle Properties Development Ltd. ●		1
	158	MGM China Holdings Ltd.		509
	474	Mongolian Mining Corp. ●		42
	40	Nine Dragons Paper Holdings		31
	1,202	Pacific Basin Ship		578
	25	Phoenix Healthcare Group Co., Ltd.		48
	156	Samsonite International S.A.		518
	90	Sands China Ltd.		563
	132	Shanghai Industrial Holdings Ltd.		407
	170	TCL Communication Technology Holdings		167

The accompanying notes are an integral part of these financial statements.

10

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 58.3% - (continued)
		Hong Kong - 2.1% - (continued)
	137	Tencent Holdings Ltd. ●	$	2,199
	1,480	Tongda Group Holdings Ltd.		191
	758	Xingda International Holdings		262
	350	Xinyi Glass Holdings Co., Ltd.		207
				10,314
		India - 0.5%
	14	Bharti Airtel Ltd.		90
	2	Container Corp. of India Ltd.		45
	12	HCL Technologies Ltd.		323
	23	Idea Cellular Ltd.		62
	42	ITC Ltd.		244
	304	NTPC Ltd.		743
	15	Tata Consultancy Services Ltd.		652
	3	Technology Mahindra, Ltd. ●		136
				2,295
		Indonesia - 0.1%
	1,425	Bank Tabungan Pensiunan Nasional Tbk ●		499
		Ireland - 1.4%
	3,822	Bank of Ireland ●		1,511
	305	C&C Group plc		1,359
	67	CRH plc		1,478
	16	Greencore Group plc		65
	302	Hibernia REIT plc ●		416
	8	Paddy Power plc		578
	12	Ryanair Holdings plc ADR ●		675
	48	Smurfit Kappa Group plc		986
				7,068
		Israel - 0.9%
	17	Azrieli Group		554
	64	Bezeq Israeli Telecommunication Corp., Ltd.		109
	32	Delek Automotive Systems Ltd.		319
	164	Harel Insurance Investements		828
	1	Israel Corp., Ltd. ●		392
	498	Israel Discount Bank ●		802
	67	Mizrahi Tefahot Bank Ltd. ●		738
	15	Teva Pharmaceutical Industries Ltd. ADR		865
				4,607
		Italy - 1.0%
	42	Assicurazioni Generali S.p.A.		853
	12	Banca Generali S.p.A.		325
	37	De'Longhi S.p.A.		719
	39	Enel Green Power S.p.A.		97
	15	Eni S.p.A.		330
	129	FinecoBank Banca Fineco S.p.A. ●		670
	71	Finmeccanica S.p.A. ●		640
	74	Pirelli & Co. S.p.A.		989
	49	Salini Impregilo S.p.A ●		136
	13	Snam S.p.A.		73
				4,832
		Japan - 5.4%
	13	Aisin Seiki Co., Ltd.		416
	21	Amada Co., Ltd.		179
	43	Anritsu Corp.		330
	7	Asahi Diamond Industrial Co., Ltd.		86
	6	Asahi Kasei Corp.		52
	3	Astellas Pharma, Inc.		53
	5	Cookpad, Inc.		151
	4	CyberAgent, Inc.		153
	20	Daifuku Co., Ltd.		233
	5	Daiichi Sankyo Co., Ltd.		77
	—	Daito Trust Construction Co., Ltd.		35
	17	Denso Corp.		761
	2	Dentsu, Inc.		82
	6	Digital Garage, Inc.		82
	42	DMG Mori Seiki Co., Ltd.		498
	6	DTS Corp.		130
	2	Eisai Co., Ltd.		94
	—	Fast Retailing Co., Ltd.		97
	8	Fuji Heavy Industries Ltd.		276
	5	Fuji Media Holdings, Inc.		72
	—	GLP J-REIT ☼		44
	10	GMO Payment Gateway, Inc.		212
	12	Hitachi Metals Ltd.		196
	12	Honda Motor Co., Ltd.		380
	11	Infomart Corp.		191
	25	Inpex Corp.		313
	5	Iriso Electronics Co., Ltd.		336
	21	Isuzu Motors Ltd.		269
	53	Japan Display, Inc. ●		157
	—	Japan Retail Fund Investment REIT		26
	2	JSR Corp.		44
	20	Kakaku.com, Inc.		275
	3	Kansai Electric Power Co., Inc. ●		32
	13	KDDI Corp.		846
	54	Kubota Corp.		864
	7	Kyushu Electric Power Co., Inc. ●		79
	89	Leopalace21 Corp. ●		559
	24	M3, Inc.		401
	75	Makino Milling Machine Co.		511
	2	Mimaki Engineering Co., Ltd.		39
	12	Minebea Co., Ltd.		163
	6	Mitsubishi Chemical Holdings		29
	6	Mitsubishi Electric Corp.		77
	17	Mitsubishi Estate Co., Ltd.		428
	67	Mitsubishi Gas Chemical Co.		401
	13	Mitsubishi Heavy Industries Ltd.		81
	203	Mitsubishi Materials Corp.		635
	190	Mitsubishi UFJ Financial Group, Inc.		1,108
	10	Mitsui Chemicals, Inc.		29
	5	Mitsui Fudosan Co., Ltd.		177
	127	Mitsui O.S.K. Lines Ltd.		401
	6	Murata Manufacturing Co., Ltd.		725
	94	NEC Corp.		333
	4	Nidec Corp.		296
	8	Nippon Ceramic Co., Ltd.		109
	3	Nippon Paint Holdings Co., Ltd.		62
	4	Nippon Shokubai Co., Ltd.		44
	17	Nippon Telegraph & Telephone Corp.		1,047
	4	Nippon Telegraph & Telephone Corp. ADR		120
	40	Nippon Television Network Corp.		606
	49	Nissan Motor Co., Ltd.		447
	9	NSD Co., Ltd.		137
	12	NTT DoCoMo, Inc.		195
	4	Obara Group, Inc.		127
	13	OBIC Co., Ltd.		450
	19	Okuma Corp.		136
	2	Olympus Corp. ●		57
	1	Ono Pharmaceutical Co., Ltd.		81
	—	ORIX J-REIT, Inc.		37

The accompanying notes are an integral part of these financial statements.

11

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 58.3% - (continued)
		Japan - 5.4% - (continued)
	63	Rakuten, Inc.	$	705
	5	Recruit Holdings Co., Ltd. ●		151
	3	Roland Corp.		118
	14	Sanken Electric Co., Ltd.		110
	5	Sata Holdings, Corp.		138
	5	Seven & I Holdings Co., Ltd.		187
	13	Shikoku Electric Power Co. ●		173
	1	Shin-Etsu Chemical Co., Ltd.		76
	204	Shinsei Bank Ltd.		458
	10	Shionogi & Co., Ltd.		267
	4	SoftBank Corp.		306
	53	Sony Financial Holdings, Inc.		853
	15	Sumco Corp.		196
	4	Sumisho Computer Systems Corp.		103
	1	Sysmex Corp.		28
	54	T&D Holdings, Inc.		701
	5	TDK Corp.		304
	7	THK Co., Ltd.		174
	16	Tokio Marine Holdings, Inc.		520
	12	Tokyo Gas Co., Ltd.		71
	9	Tokyo Ohka Kogyo Co., Ltd.		240
	162	Toshiba Corp.		715
	11	Toyota Industries Corp.		539
	7	Toyota Motor Corp.		445
	20	TS Technology Co., Ltd.		494
	12	Tsugami Corp.		62
	3	TV Asahi Holdings Corp.		46
				26,349
		Jersey - 0.2%
	25	Glencore plc		129
	13	Randgold Resources Ltd. ADR		748
				877
		Kenya - 0.0%
	292	Safaricom Ltd.		40
		Luxembourg - 0.3%
	45	Braas Monier Building Group ●		906
	5	SES Global		164
	3	SES Global S.A.		120
				1,190
		Malaysia - 0.6%
	2,098	AirAsia Berhad		1,595
	384	AMMB Holdings Berhad		791
	279	MY EG Services BHD		341
				2,727
		Mauritius - 0.1%
	48	MCB Group Ltd.		316
	9,740	S.B.M. Holdings Ltd. ●		323
				639
		Mexico - 0.0%
	6	Concentradora Fibra Hotelera		9
	7	Corporacion Inmobiliaria Vesta S. de RL de C.V.		14
	7	Hoteles City Express S.A.B. de C.V. ●		13
	8	Mexichem S.A.B. de C.V.		33
	9	Prologis Property Mexico S.A.		19
				88
		Netherlands - 2.0%
	2	Airbus Group N.V.		111
	16	Akzo Nobel N.V.		1,045
	2	ASML Holding N.V.		154
	21	Constellium N.V. ●		426
	61	Delta Lloyd N.V.		1,394
	9	Heineken N.V.		673
	1	IMCD Group B.V. ●		28
	239	ING Groep N.V. ●		3,424
	60	Koninklijke (Royal) KPN N.V.		197
	6	NXP Semiconductors N.V. ●		384
	18	Royal Dutch Shell plc		635
	46	Wolters Kluwer N.V.		1,234
				9,705
		Norway - 0.5%
	27	DNB ASA		503
	27	DNO International ASA ●		66
	7	Norwegian Property ASA ●		11
	67	SpareBank 1 SR Bank ASA		581
	202	Storebrand ASA ●		1,034
	9	Telenor ASA		213
	5	Yara International ASA		244
				2,652
		Panama - 0.0%
	5	Avianca Holdings S.A. ADR		69
		Papua New Guinea - 0.0%
	5	New Britain Palm Oil Ltd.		55
		Philippines - 0.1%
	283	Metropolitan Bank & Trust Co.		521
		Poland - 0.0%
	10	TVN S.A.		46
		Portugal - 0.0%
	10	Galp Energia SGPS S.A.		142
		Puerto Rico - 0.0%
	3	Evertec, Inc.		73
		Romania - 0.0%
	2	Electrica S.A. ■●		32
		Singapore - 1.2%
	27	ARA Asset Management		36
	150	Ascendas REIT		260
	41	Bumitama Agri Ltd.		35
	614	Capitacommercial Trust REIT		798
	21	First Resources Ltd.		35
	525	Keppel REIT		499
	185	Mapletree Commercial Trust REIT		205
	31	Petra Foods Ltd.		91
	319	Singapore Exchange Ltd.		1,736
	1	SunEdison Semiconductor Ltd. ●		26
	157	Suntec REIT		218
	96	United Overseas Bank Ltd.		1,722
	116	Wilmar International Ltd.		288
				5,949
		South Africa - 0.1%
	73	Discovery Ltd.		667

The accompanying notes are an integral part of these financial statements.

12

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 58.3% - (continued)
		South Korea - 2.2%
	31	BS Financial Group, Inc.	$	485
	1	Coway Co., Ltd.		109
	31	DGB Financial Group, Inc.		447
	6	Doosan Corp.		593
	13	Doosan Heavy Industrions and Construction Co. ●		278
	20	Hana Financial Holdings		676
	26	Hynix Semiconductor, Inc. ●		1,165
	2	Hyundai Department Store Co., Ltd.		312
	12	Hyundai Development Co.		456
	7	Hyundai Home Shopping Network Corp.		942
	3	Hyundai Motor Co., Ltd.		480
	5	Kia Motors Corp.		246
	7	Koh Young Technology, Inc.		227
	2	Kona I Co., Ltd.		78
	43	Korea Electric Power Corp.		1,876
	—	LG Chem Ltd.		43
	62	LG Telecom Ltd.		636
	40	Nice Information Service Co., Ltd.		175
	3	Posco ADR		181
	2	Posco Ltd.		682
	8	Shinhan Financial Group Co., Ltd.		381
	2	SK Telecom Co., Ltd.		412
	4	Suprema, Inc. ●		120
				11,000
		Spain - 0.5%
	3	Almirall S.A. ●		42
	3	Endesa S.A.		50
	120	Iberdrola S.A.		848
	17	Tecnicas Reunidas S.A.		844
	45	Telefonica S.A.		674
				2,458
		Sweden - 0.2%
	1	Arcam AB ●		35
	9	Avanza Bank Holding AB		287
	4	Billerud		61
	19	Boliden Ab		316
	3	Fastighets AB Balder ●		38
	6	Hennes & Mauritz Ab		229
	6	Lundin Petroleum Ab ●		78
	9	Telia Ab		61
				1,105
		Switzerland - 1.3%
	13	ABB Ltd. ADR		286
	1	Actelion Ltd.		74
	3	Allreal Holding AG REIT		359
	1	Compagnie Financiere Richemont S.A.		55
	46	EFG International AG		475
	40	Evolva Holding S.A. ●		51
	1	Flughafen Zuerich AG		462
	34	Gategroup Holding AG		756
	2	Geberit AG		547
	17	Julius Baer Group Ltd.		728
	2	Mobimo Holding AG		365
	5	PSP Swiss Property AG		458
	—	Roche Holding AG		130
	6	Swiss Prime Site AG		449
	—	Swisscom AG		118
	1	Syngenta AG		290
	32	UBS AG		558
				6,161
		Taiwan - 2.6%
	47	Advantech Co., Ltd.		327
	135	Aerospace Industrial Development Corp. ●		148
	19	AIC, Inc.		93
	40	AirTac International Group		291
	159	Asia Cement Corp.		205
	13	ASPEED Technology, Inc.		102
	42	Catcher Technology Co., Ltd.		356
	112	Cheng Shin Rubber Industries Co., Ltd.		262
	34	China Motor Corp.		31
	637	China Petrochemical Dev Corp. ●		202
	9	China Steel Chemical Corp.		52
	325	China Steel Corp.		280
	85	Chroma Ate, Inc.		212
	93	Delta Electronics, Inc.		560
	8	Ememory Technology, Inc.		83
	150	Evergreen Marine Corp., Ltd. ●		89
	155	Far Eastern New Century Corp.		163
	10	Feng Hsin Iron & Steel Co.		13
	11	Giant Manufacturing		85
	8	Hermes Microvision, Inc.		378
	11	Hiwin Technologies Corp.		90
	60	Holtek Semiconductor, Inc.		102
	55	Hota Industrial Manufacturing Co., Ltd.		98
	19	ISSC Technologies Corp.		86
	21	King Slide Works Co., Ltd.		276
	203	King Yuan Electronics Co., Ltd.		161
	79	Kinik Co.		159
	7	Largan Precision Co., Ltd.		502
	33	LCY Chemical Corp.		16
	43	MediaTek, Inc.		615
	25	Merida Industry Co., Ltd.		175
	46	Nan Kang Rubber Tire Co., Ltd.		50
	57	Oriental Union Chemical Corp.		43
	33	Pchome Online, Inc.		331
	109	Pou Chen		120
	80	Primax Electronics Ltd. ●		97
	79	Promise Technology, Inc.		93
	90	Ruentex Industries Ltd.		193
	33	Silergy Corp.		230
	32	Sporton International, Inc.		153
	43	Standard Foods Corp.		99
	32	Superalloy Industrial Co., Ltd. ●		94
	166	Taiwan Cement		254
	72	Taiwan Fertilizer Co., Ltd.		127
	25	Taiwan Glass Industries Corp.		19
	699	Taiwan Semiconductor Manufacturing Co., Ltd.		3,030
	111	TECO Electric & Machinery Co., Ltd.		124
	30	TSRC Corp.		33
	38	Tung Ho Steel Enterprise Corp.		30
	195	Uni-President Enterprises Corp.		335
	175	Vanguard International Semiconductor Corp.		263
	244	WPG Holdings Co., Ltd.		297
	89	WT Microelectronics Co., Ltd.		142
	30	Yageo Corp.		46
	76	Yulon Motor Co.		113
	5	Yulon Nissan Motor Co., Ltd.		43
				12,571
		Thailand - 0.1%
	32	Delta Electronics Thailand PCL ●		63
	317	Precious Shipping Public Co., Ltd.		207

The accompanying notes are an integral part of these financial statements.

13

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 58.3% - (continued)
		Thailand - 0.1% - (continued)
	33	PTT Chemical Public Co., Ltd.	$	63
	27	Total Access Communication Public Co., Ltd.		85
				418
		Turkey - 0.1%
	6	Turkcell Iletisim Hizmetleri AS ●		91
	353	Turkiye Sinai Kalkinma Bankasi A.S.		309
	22	Ulker Biskuvi Sanayi AS ●		161
				561
		United Arab Emirates - 0.0%
	27	Emaar Malls Group PJSC ●		24
		United Kingdom - 2.6%
	143	African Barrick Gold Ltd.		470
	3	Al Noor Hospitals Group		42
	4	Arm Holdings plc		58
	133	Ashmore Group plc		681
	21	AstraZeneca plc		1,546
	4	AstraZeneca plc ADR		294
	415	Balfour Beatty plc		1,025
	26	BG Group plc		430
	4	Big Yellow Group REIT		38
	21	BP plc		150
	10	British American Tobacco plc		539
	22	British Sky Broadcasting Group plc		309
	1	Derwent London plc REIT		39
	3	Diageo Capital plc		82
	7	Dixons Carphone plc		42
	5	Hammerson plc REIT		48
	25	Hargreaves Lansdown plc		391
	26	Home Retail Group		75
	78	HSBC Holdings plc		799
	8	Imperial Tobacco Group plc		361
	245	Intu Properties plc		1,335
	—	Kennedy Wilson Europe Real Estate plc		—
	30	Marks & Spencer Group plc		198
	16	National Grid plc		237
	5	NMC Health plc		40
	41	OM Asset Management plc ●		611
	26	Ophilr Energy plc ●		78
	139	Petra Diamonds Ltd. ●		369
	10	PureCircle Ltd. ●		98
	198	Qinetiq Group plc		641
	3	Reckitt Benckiser Group plc		273
	8	Reed Elsevier Capital, Inc.		136
	3	Rio Tinto plc		159
	3	Smith & Nephew plc		58
	8	Spire Healthcare Group plc ●		38
	34	Standard Chartered plc		518
	11	Tate & Lyle plc		110
	12	Tullow Oil plc		91
	4	Unite Group plc		26
	7	United Business Media Ltd.		60
	—	Vodafone Group plc		—
	—	Whitbread plc		25
	1	Workspace Group plc ●		14
	6	WPP plc		126
				12,660
		United States - 20.4%
	2	Abbott Laboratories Θ		84
	1	Acadia Healthcare Co., Inc. ●		82
	1	Acadia Realty Trust REIT		21
	3	Accenture plc		251
	184	ACCO Brands Corp. ●		1,516
	1	Acorda Therapeutics, Inc. ●		46
	2	Actavis plc ●		520
	4	Activision Blizzard, Inc.		81
	1	Acuity Brands, Inc.		72
	14	Adecoagro S.A. ●		123
	35	Advance Automotive Parts, Inc. ╦		5,159
	6	AECOM Technology Corp. ●		183
	1	Aetna, Inc.		113
	2	Agilent Technologies, Inc. Θ		86
	1	Agios Pharmaceuticals, Inc. ●		72
	3	Akamai Technologies, Inc. ●		174
	362	Alacer Gold Corp.		600
	5	Alkermes plc ●		228
	5	Alleghany Corp. ●╦		2,426
	19	Allegheny Technologies, Inc.		610
	1	Allegion plc		60
	1	Alliance Data Systems Corp. ●		188
	2	Alliant Energy Corp.		99
	1	Alnylam Pharmaceuticals, Inc. ●		73
	16	Altria Group, Inc.		783
	2	Amazon.com, Inc. ●		763
	1	American Tower Corp. REIT		52
	4	AMETEK, Inc.		193
	1	Anadarko Petroleum Corp.		125
	2	Andersons (The), Inc.		103
	2	Apache Corp.		167
	12	Apple, Inc. ╦		1,344
	8	Applied Materials, Inc.		187
	10	Archer-Daniels-Midland Co.		458
	19	Arena Pharmaceuticals, Inc. ●		83
	7	Aruba Networks, Inc. ●		148
	1	athenahealth, Inc. ●		94
	2	Automatic Data Processing, Inc.		158
	—	AutoZone, Inc. ●		169
	1	AvalonBay Communities, Inc. REIT		94
	—	AVIV REIT, Inc.		13
	7	Baker Hughes, Inc.		362
	2	Ball Corp.		110
	—	Becton, Dickinson & Co.		51
	41	Belden, Inc.		2,946
	1	Biogen Idec, Inc. ●		209
	36	Bizlink Holding, Inc.		126
	1	Boeing Co.		114
	2	Boise Cascade Co. ●		70
	1	Boston Properties, Inc. REIT		69
	12	Boston Scientific Corp. ●		164
	12	Bristol-Myers Squibb Co.		717
	1	Brookdale Senior Living, Inc. ●		21
	3	Bunge Ltd. Finance Corp.		239
	1	Cabot Corp.		34
	5	Cabot Oil & Gas Corp.		152
	1	CACI International, Inc. Class A ●		60
	2	Cadence Design Systems, Inc. ●		39
	1	Cardinal Health, Inc.		90
	2	Cardtronics, Inc. ●		75
	38	Carlisle Cos., Inc.		3,408
	1	Caterpillar, Inc. Θ		88

The accompanying notes are an integral part of these financial statements.

14

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 58.3% - (continued)
		United States - 20.4% - (continued)
	1	CDK Global, Inc. ●	$	22
	2	Celanese Corp.		91
	2	Celgene Corp. ●		260
	1	CF Industries Holdings, Inc.		343
	2	Charter Communications, Inc. ●		291
	3	Chevron Corp.		419
	1	Churchill Downs, Inc.		152
	1	CIGNA Corp.		101
	1	Cimarex Energy Co.		111
	19	Cisco Systems, Inc.		459
	17	Citigroup, Inc.		932
	6	Cobalt International Energy, Inc. ●		69
	17	Coca-Cola Co.		725
	7	Cognizant Technology Solutions Corp. ●		329
	6	Colfax Corp. ●		324
	7	Comcast Corp. Class A		387
	4	Comcast Corp. Special Class A		203
	6	ConocoPhillips Holding Co.		461
	3	Consol Energy, Inc.		106
	1	Corporate Office Properties REIT		15
	3	Costco Wholesale Corp.		361
	11	Coty, Inc.		182
	2	Cousins Properties, Inc. REIT		29
	—	Covance, Inc. ●		35
	7	Covenant Transport ●		136
	2	Covidien plc		214
	2	Crown Holdings, Inc. ●		101
	55	CST Brands, Inc. ╦		2,096
	1	Cubist Pharmaceuticals, Inc. ●		62
	5	CVS Health Corp.		457
	5	Danaher Corp.		380
	4	Dean Foods Co.		64
	11	Deltic Timber Corp.		710
	43	Dorian LPG Ltd. ●		622
	2	Douglas Emmett, Inc. REIT		44
	2	Dover Corp.		120
	4	Dow Chemical Co.		181
	1	DreamWorks Animation SKG, Inc. ●		24
	3	DSW, Inc.		86
	3	Duke Energy Corp.		210
	—	EastGroup Properties, Inc. REIT		30
	3	Eaton Corp. plc		197
	3	eBay, Inc. ●		177
	1	Edison International		32
	3	Education Realty Trust, Inc. REIT		28
	7	Eli Lilly & Co.		472
	1	Energen Corp.		100
	1	Energizer Holdings, Inc.		144
	4	Envision Healthcare Holdings ●		137
	1	EOG Resources, Inc.		117
	2	Equifax, Inc.		141
	1	Equity Lifestyle Properties, Inc. REIT		45
	37	ERA Group, Inc. ●		873
	—	Essex Property Trust, Inc. REIT		76
	—	Euronet Worldwide, Inc. ●		7
	1	Extra Space Storage, Inc. REIT		30
	7	Exxon Mobil Corp.		660
	1	F5 Networks, Inc. ●		180
	3	Facebook, Inc. ●		253
	5	Federal Agricultural Mortgage Corp.		175
	—	Federal Realty Investment Trust REIT		44
	3	FedEx Corp.		466
	8	Financial Engines, Inc.		337
	3	First Solar, Inc. ●		182
	60	Fiserv, Inc. ●		4,142
	2	Five Below, Inc. ●		98
	35	Ford Motor Co.		486
	2	Forest City Enterprises, Inc. REIT ●		39
	8	Freescale Semiconductor Holdings Ltd. ●		151
	38	GATX Corp. ╦		2,405
	1	General Dynamics Corp.		164
	3	General Growth Properties, Inc. REIT		89
	8	Genpact Ltd. ●		134
	4	Gilead Sciences, Inc. ●		475
	1	Golar Ltd.		63
	—	Google, Inc. Class A ●		32
	—	Google, Inc. Class C ●		260
	58	Graphic Packaging Holding Co. ●		708
	18	Great Western Bancorp, Inc. ●		352
	2	Halliburton Co.		115
	6	Harley-Davidson, Inc.		398
	4	HCA Holdings, Inc. ●		269
	1	Health Care REIT, Inc.		99
	4	Heartland Payment Systems, Inc.		218
	1	Heico Corp. Class A		49
	6	Hewlett-Packard Co.		225
	140	Higher One Holdings, Inc. ●		361
	17	Home Inns & Hotels Management, Inc. ●		514
	4	Honeywell International, Inc.		364
	1	Hospira, Inc. ●		50
	2	HSN, Inc.		125
	2	Huron Consulting Group, Inc. ●		164
	4	IDEX Corp.		270
	4	Illinois Tool Works, Inc.		356
	2	IMS Health Holdings, Inc. ●		56
	2	Incyte Corp. ●		101
	3	Ingersoll-Rand plc		205
	5	Ingredion, Inc.		384
	21	Intel Corp.		712
	4	Intelsat S.A. ●		81
	7	International Paper Co.		377
	1	International Rectifier Corp. ●		41
	1	Intuit, Inc.		129
	5	Ironwood Pharmaceuticals, Inc. ●		69
	2	J.B. Hunt Transport Services, Inc.		185
	3	Johnson & Johnson		282
	6	JP Morgan Chase & Co.		370
	1	Kansas City Southern		127
	7	KBR, Inc.		126
	1	Kennedy-Wilson Holdings, Inc.		30
	—	Kilroy Realty Corp. REIT		32
	2	Kinder Morgan, Inc.		75
	1	Kite Realty Group Trust REIT		14
	2	Kraft Foods Group, Inc.		115
	1	L Brands, Inc.		100
	2	Las Vegas Sands Corp.		148
	4	Liberty Global plc ●		161
	79	Liberty Global plc Class C ●		3,528
	1	Lockheed Martin Corp.		213
	4	Lorillard, Inc.		223

The accompanying notes are an integral part of these financial statements.

15

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 58.3% - (continued)
		United States - 20.4% - (continued)
	4	Louisiana-Pacific Corp. ●	$	55
	10	Lowe's Cos., Inc.		571
	1	LyondellBasell Industries Class A		114
	2	Marketo, Inc. ●		52
	69	Mattel, Inc.		2,150
	6	Mavenir Systems, Inc. ●		68
	72	Maxim Integrated Products, Inc.		2,125
	—	McGraw Hill Financial, Inc.		34
	1	McKesson Corp.		301
	1	MeadWestvaco Corp.		39
	4	Medicines Co. ●		94
	4	Medtronic, Inc.		284
	8	Merck & Co., Inc.		463
	22	Microsoft Corp.		1,034
	1	MKS Instruments, Inc.		42
	11	Mondelez International, Inc.		402
	7	Monsanto Co.		760
	5	Monster Beverage Corp. ●		509
	5	Mosaic Co.		219
	22	Motorola Solutions, Inc.		1,390
	12	MRC Global, Inc. ●		249
	1	Mylan, Inc. ●		56
	1	National Oilwell Varco, Inc.		49
	1	Netflix, Inc. ●		217
	3	NextEra Energy, Inc.		343
	3	Nielsen N.V.		140
	4	Nimble Storage, Inc. ●		99
	6	Norfolk Southern Corp.		713
	3	Northeast Utilities		136
	3	Norwegian Cruise Line Holdings Ltd. ●		110
	5	NPS Pharmaceuticals, Inc. ●		133
	4	Nu Skin Enterprises, Inc. Class A		222
	4	OGE Energy Corp.		152
	5	Omnova Solutions, Inc. ●		33
	3	Orbital Sciences Corp. ●		66
	2	Owens-Illinois, Inc. ●		46
	—	Packaging Corp. of America		31
	2	Pattern Energy Group, Inc.		46
	1	Pebblebrook Hotel Trust REIT		29
	5	Pentair plc		306
	1	PG&E Corp.		45
	4	Philip Morris International, Inc.		363
	2	Physicians Realty Trust		27
	1	Pioneer Natural Resources Co.		156
	51	Post Holdings, Inc. ●		1,923
	1	Power Integrations, Inc.		70
	1	Precision Castparts Corp.		151
	4	Prestige Brands Holdings, Inc. ●		124
	—	Priceline (The) Group, Inc. ●		142
	—	Public Storage REIT		79
	5	Qihoo 360 Technology Co., Ltd. ●		348
	3	Quintiles Transnational Holdings ●		148
	1	Ralph Lauren Corp.		133
	2	Raytheon Co.		181
	1	Regeneron Pharmaceuticals, Inc. ●		567
	2	Reliance Steel & Aluminum		164
	2	Retail Properties of America, Inc.		33
	1	RLJ Lodging Trust REIT		38
	6	Rock Tenn Co. Class A		299
	1	Rogers Corp. ●		67
	2	Ross Stores, Inc.		174
	3	Salesforce.com, Inc. ●		201
	—	Salix Pharmaceuticals Ltd. ●		56
	43	Santander Consumer USA Holdings, Inc.		791
	2	Schlumberger Ltd.		151
	210	Scorpio Tankers, Inc.		1,832
	16	Seacor Holdings, Inc. ●		1,282
	1	Seattle Genetics, Inc. ●		42
	—	Sherwin-Williams Co.		94
	1	Signet Jewelers Ltd.		114
	1	Simon Property Group, Inc. REIT		119
	1	SL Green Realty Corp. REIT		69
	2	Snyders-Lance, Inc.		62
	2	Southwestern Energy Co. ●		58
	13	Spirit Aerosystems Holdings, Inc. ●		521
	2	St. Jude Medical, Inc.		157
	3	Starbucks Corp.		209
	—	Starwood Hotels & Resorts, Inc.		19
	1	Stratasys Ltd. ●		135
	1	Stryker Corp.		126
	18	Symantec Corp.		438
	—	Taubman Centers, Inc. REIT		27
	1	Teledyne Technologies, Inc. ●		81
	2	Tempur Sealy International, Inc. ●		99
	1	Tesla Motors, Inc. ●		149
	13	Textron, Inc.		549
	1	Thermo Fisher Scientific, Inc.		115
	3	TJX Cos., Inc.		220
	4	Tuesday Morning Corp. ●		89
	9	Twenty-First Century Fox, Inc.		302
	5	Tyson Foods, Inc. Class A		203
	1	UDR, Inc. REIT		34
	2	UGI Corp.		76
	1	Ultragenyx Pharmaceutical, Inc. ●		53
	8	United Continental Holdings, Inc. ●		428
	3	United Technologies Corp.		358
	1	UnitedHealth Group, Inc.		109
	—	Universal Health Services, Inc. Class B		13
	5	UTI Worldwide, Inc. ●		54
	2	VeriFone Systems, Inc. ●		78
	3	Verizon Communications, Inc.		158
	2	Vertex Pharmaceuticals, Inc. ●		207
	2	Visa, Inc.		509
	5	Wabash National Corp. ●		48
	1	Wageworks, Inc. ●		70
	2	Walgreen Co.		146
	5	Walt Disney Co.		460
	1	Wayfair, Inc. ●		29
	55	Wells Fargo & Co. ╦		2,912
	2	WESCO International, Inc. ●		164
	2	Western Digital Corp.		165
	1	Westlake Chemical Corp.		41
	1	WEX, Inc. ●		149
	1	Weyerhaeuser Co. REIT		28
	1	Whiting Petroleum Corp. ●		76
	3	Wyndham Worldwide Corp.		209
	29	XL Group plc		972
	—	Xoom Corp. ●		3
	1	Yelp, Inc. ●		51
	1	Zimmer Holdings, Inc.		80

The accompanying notes are an integral part of these financial statements.

16

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 58.3% - (continued)
		United States - 20.4% - (continued)
	10	Zoetis, Inc.	$	366
	2	Zulily, Inc. ●		58
				100,349
		Total Common Stocks
		(Cost $265,637)	$	287,280
Exchange Traded Funds - 4.0%
		United States - 4.0%
	9	iShares MSCI EAFE ETF	$	576
	25	Market Vectors Gold Miners ETF		422
	638	PowerShares Senior Loan Portfolio		15,557
	3	S&P 500 Depositary Receipt		583
	57	SPDR Barclays Convertible Securities ETF		2,819
				19,957
		Total Exchange Traded Funds
		(Cost $20,251)	$	19,957
Preferred Stocks - 0.4%
		Germany - 0.4%
	8	Volkswagen AG N.V.	$	1,739
		United States - 0.0%
	5	Nutanix, Inc. ⌂●†		57
	1	Uber Technologies, Inc. ⌂●†		63
				120
		Total Preferred Stocks
		(Cost $1,984)	$	1,859
Warrants - 0.1%
		British Virgin Islands - 0.0%
	77	Atlas Mara Co-Nvest Ltd.	$	31
		China - 0.0%
	28	Hangzhou HIK-Vision Digital-A Technology Co., Ltd. ⌂		91
		Greece - 0.1%
	198	Alpha Bank A.E.		318
		Total Warrants
		(Cost $493)	$	440
		Total Long-Term Investments Excluding Purchased Options
		(Cost $431,344)	$	450,404
Short-Term Investments - 9.8%
		Repurchase Agreements - 9.8%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $137, collateralized by U.S. Treasury Note 1.50%, 2019, value of $140)
$	137	0.08%, 10/31/2014	$	137
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,340, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $2,387)
	2,340	0.09%, 10/31/2014 ╦		2,340
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $629, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $641)
	629	0.08%, 10/31/2014		629
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,132, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $2,174)
	2,132	0.10%, 10/31/2014		2,132
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $8,032, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $8,192)
	8,032	0.08%, 10/31/2014		8,032
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $9,232, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $9,416)
	9,232	0.09%, 10/31/2014		9,232
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $533, collateralized by U.S. Treasury Note 0.88%, 2017, value of $544)
	533	0.13%, 10/31/2014		533
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $784, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $800)
	784	0.07%, 10/31/2014		784
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $8,264, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $8,429)
	8,264	0.08%, 10/31/2014		8,264

The accompanying notes are an integral part of these financial statements.

17

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Short-Term Investments - 9.8% - (continued)
		Repurchase Agreements - 9.8% - (continued)
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $16,014, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $16,335)
$	16,014	0.10%, 10/31/2014				$	16,014
		Total Short-Term Investments
		(Cost $48,097)				$	48,097
		Total Investments Excluding Purchased Options
		(Cost $479,441)		101.1	%	$	498,501
		Total Purchased Options
		(Cost $534)		0.2	%		923
		Total Investments
		(Cost $479,975) ▲		101.3	%	$	499,424
		Other Assets and Liabilities		(1.3	)%		(6,492	)
		Total Net Assets		100.0	%	$	492,932

The accompanying notes are an integral part of these financial statements.

18

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.

The Consolidated Schedule of Investments includes investments held by The Hartford Cayman Global All-Asset Fund, Ltd. (the "Subsidiary"), a wholly owned subsidiary of the Fund, which primarily invests in commodity-related instruments. The Fund may invest up to 25% of its total assets in the Subsidiary. As of October 31, 2014, the Fund invested 3.3% of its total assets in the Subsidiary. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $481,842 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	41,243
Unrealized Depreciation		(23,661	)
Net Unrealized Appreciation	$	17,582

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $120, which rounds to zero percent of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

● Non-income producing.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

○ The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.

◄ The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $12,633, which represents 2.6% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $27,141, which represents 5.5% of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale.  A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
07/2014		28	Hangzhou HIK-Vision Digital-A Technology Co., Ltd. Warrants	$	74
08/2014		5	Nutanix, Inc. Preferred		63
06/2014		1	Uber Technologies, Inc. Preferred		71

At October 31, 2014, the aggregate value of these securities was $211, which rounds to zero percent of total net assets.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

The accompanying notes are an integral part of these financial statements.

19

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Ð Represents or includes a TBA transaction.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $15,612 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
OTC option and/or OTC swap contracts	$	1,440	$	213
Futures contracts		7,920		–
Centrally cleared swaps contracts		201		–
Total	$	9,561	$	213

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased Option contracts:
Calls
Brent Oil Option ƻ	DEUT	CO	140.00 USD	02/09/15	USD	1,355,000	$	–	$	53	$	(53	)
Brent Oil Option ƻ	DEUT	CO	150.00 USD	11/10/15	USD	1,407,900		11		40		(29	)
Brent Oil Option ƻ	JPM	CO	150.00 USD	08/11/15	USD	1,355,000		6		42		(36	)
Palladium Option	GSC	CO	858.00 USD	12/29/14	USD	1,404		15		68		(53	)
Total Calls						4,119,304	$	32	$	203	$	(171	)
Puts
Deutsche Lufthansa Option	DEUT	EQ	12.55 EUR	12/19/14	EUR	186,121	$	243	$	102	$	141
EUR Put/USD Call Option	GSC	FX	1.30 USD per EUR	11/17/14	EUR	12,041,031		567		47		520
International Consolidated Option	BOA	EQ	364.10 GBP	12/19/14	GBP	239,793		34		55		(21	)
Total Puts						12,466,945	$	844	$	204	$	640
Total purchased option contracts						16,586,249	$	876	$	407	$	469
Written option contracts:
Calls
GBP Call/USD Put	DEUT	FX	1.62 USD per GBP	12/08/14	GBP	5,050,000	$	24	$	116	$	92
Puts
GBP Put/USD Call	DEUT	FX	1.62 USD per GBP	12/08/14	GBP	5,050,000	$	109	$	123	$	14
Total written option contracts						10,100,000	$	133	$	239	$	106

* The number of contracts does not omit 000's.

Δ For purchased options, premiums are paid by the Fund, for written options, premiums are received.

ƻ This security has limitations. If at time of expiration the price of a barrel of ICE Brent Crude is equal to or greater than the strike price, the counterparty will be required to pay the Fund the equivalent of par on the number of contracts traded.

The accompanying notes are an integral part of these financial statements.

20

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Exchange Traded Option Contracts Outstanding at October 31, 2014

Description	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Paid by Fund		Unrealized Appreciation (Depreciation)
Purchased option contracts:
Calls
Cocoa Future Option	CO	3,150.00 USD	08/10/15	USD	38	$	44	$	64	$	(20	)
Hertz Global Holdings, Inc. Option	EQ	33.00 USD	12/20/14	USD	515		3		63		(60	)
Total Calls					553	$	47	$	127	$	(80	)
Total purchased option contracts					553	$	47	$	127	$	(80	)

* The number of contracts does not omit 000's.

OTC Swaption Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate			Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received by Fund		Unrealized Appreciation (Depreciation)
Written swaption contracts:
Calls
Interest Rate Swaption USD	BNP	IR		3.44	%	10/23/24	USD	350,000	$	42	$	43	$	1
Puts
Interest Rate Swaption USD	BNP	IR		3.44	%	10/23/24	USD	350,000	$	42	$	44	$	2
Total written swaption contracts								700,000	$	84	$	87	$	3

* The number of contracts does not omit 000's.

Futures Contracts Outstanding at October 31, 2014

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
CAC 40 10 EURO Future		40	11/21/2014	$	2,025	$	2,121	$	96	$	–		$	45	$	–
Euro BUXL 30-Year Bond Future		1	12/08/2014		175		182		7		–			–		–
Euro-BOBL Future		16	12/08/2014		2,562		2,568		6		–			2		–
Euro-BUND Future		59	12/08/2014		11,235		11,158		–		(77	)		2		–
Euro-Schatz Future		5	12/08/2014		695		695		–		–			–		–
Gold 100oz Future		8	12/29/2014		1,035		937		–		(98	)		–		(22	)
Japan 10-Year Bond Future		6	12/11/2014		7,814		7,827		13		–			–		–
KOSPI 200 Index Future		125	12/11/2014		15,413		14,632		–		(781	)		70		–
Short Gilt Future		1	12/29/2014		165		166		1		–			–		–
U.S. Treasury 10-Year Note Future		119	12/19/2014		15,165		15,037		–		(128	)		–		(31	)
U.S. Treasury 2-Year Note Future		20	12/31/2014		4,391		4,391		–		–			4		–
U.S. Treasury 5-Year Note Future		144	12/31/2014		17,123		17,198		75		–			–		(24	)
U.S. Treasury CME Ultra Long Term Bond Future		42	12/19/2014		6,525		6,586		61		–			1		(25	)
Total								$	259	$	(1,084	)	$	124	$	(102	)
Short position contracts:
Australian 10-Year Bond Future		51	12/15/2014	$	5,504	$	5,511	$	–	$	(7	)	$	–	$	(21	)
Australian SPI 200 Index Future		73	12/18/2014		8,778		8,862		–		(84	)		–		(96	)
Canadian Government 10-Year Bond Future		46	12/18/2014		5,533		5,593		–		(60	)		–		(1	)
Long Gilt Future		70	12/29/2014		12,750		12,889		–		(139	)		26		–
S&P 500 (E-Mini) Future		2	12/19/2014		196		201		–		(5	)		111		(222	)
U.S. Treasury Long Bond Future		1	12/19/2014		142		141		1		–			–		–
Total								$	1	$	(295	)	$	137	$	(340	)
Total futures contracts								$	260	$	(1,379	)	$	261	$	(442	)

* The number of contracts does not omit 000's.

The accompanying notes are an integral part of these financial statements.

21

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied	Expiration		Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)	Date		Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices:
Sell protection:
CDX.EM.22	GSC	USD	17,425	1.00%		12/20/19	$	–	$	(1,260	)	$	(1,125	)	$	135	$	–
Credit default swaps on single-name issues:
Sell protection:
Italy (Republic of)	JPM	USD	1,900	1.00% / 1.10%		09/20/19	$	–	$	(15	)	$	(9	)	$	6	$	–
							$	–	$	(1,275	)	$	(1,134	)	$	141	$	–

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

Clearing

Notional

(Pay)/ Receive Fixed

Expiration

Market

Unrealized Appreciation/ (Depreciation)

Variation Margin

Reference Entity

House (a)

Amount (b)

Rate

Date

Cost Basis

Value ╪

Asset

Liability

Asset

Liability

Credit default swaps on indices:

Sell protection:

CDX.NA.HY.23

CME

USD

4,350

5.00

%

12/20/19

$

251

$

304

$

53

$

–

$

17

$

–

(a) The FCM to the contracts is MSC.

(b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

OTC Total Return Swap Contracts Outstanding at October 31, 2014

Notional

Payments received

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Reference Entity

Counterparty

Amount

(paid) by Fund

Date

Paid

Received

Value ╪

Asset

Liability

BCLY US Aggregate TOT

BCLY

USD

13,325

1M LIBOR + 0.10%

02/28/15

$

–

$

–

$

(146

)

$

–

$

(146

)

Bloomberg Commodity Index

JPM

USD

12,576

(0.09)% Fixed

01/30/15

–

–

(101

)

–

(101

)

MSCI Daily TR Gross EM Poland

GSC

USD

555

1M LIBOR + 0.30%

06/30/15

–

–

21

21

–

MSCI Daily TR Gross EM S Africa

DEUT

USD

2,444

1M LIBOR - 0.20%

10/30/15

–

–

–

–

–

MSCI Daily TR Net EM Chile

DEUT

USD

1,605

1M LIBOR + 0.10%

02/27/15

–

–

11

11

–

MSCI Daily TR Net EM Chile

GSC

USD

469

1M LIBOR + 0.10%

02/27/15

–

–

3

3

–

MSCI United Arab Emirates

DEUT

USD

580

1M LIBOR - 0.69%

10/30/15

–

–

(7

)

–

(7

)

MSCI United Arab Emirates

DEUT

USD

374

1M LIBOR - 0.69%

10/30/15

–

–

–

–

–

S&P US Real Estate Select Industry TR

GSC

USD

8,647

1M LIBOR - 0.90%

01/30/15

–

–

(289

)

–

(289

)

S&P US Real Estate Select Industry TR

GSC

USD

1,123

1M LIBOR - 0.90%

06/30/15

–

–

(38

)

–

(38

)

Tel Aviv 25

GSC

USD

4,375

(1M LIBOR + 0.90%)

05/28/15

–

–

(231

)

–

(231

)

Total

$

–

$

–

$

(777

)

$

35

$

(812

)

The accompanying notes are an integral part of these financial statements.

22

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

TBA Sale Commitments Outstanding at October 31, 2014

Description	Principal Amount		Maturity Date	Market Value ╪		Unrealized Appreciation/ Depreciation
FHLMC, 3.50%	$	2,500	11/15/2044	$	2,580	$	(20	)
FHLMC, 5.00%		800	11/15/2044		884		(1	)
FNMA, 3.00%		200	11/15/2029		207		–
FNMA, 3.50%		400	11/15/2029		423		1
FNMA, 3.50%		14,380	11/15/2044		14,870		(62	)
GNMA, 3.00%		200	11/15/2044		204		1
GNMA, 3.50%		2,600	11/15/2044		2,720		11
GNMA, 4.50%		800	11/15/2044		873		(4	)
GNMA, 5.00%		300	12/15/2044		331		–
Total				$	23,092	$	(74	)

At October 31, 2014, the aggregate market value of these securities represents 4.7% of total net assets.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/28/2014

BCLY

$

5,604

$

5,616

$

12

$

–

AUD

Buy

11/28/2014

BOA

4,281

4,281

–

–

AUD

Buy

11/28/2014

CBA

4,281

4,281

–

–

AUD

Buy

12/17/2014

CBA

1,965

1,960

–

(5

)

AUD

Buy

12/17/2014

NAB

1,966

1,960

–

(6

)

AUD

Buy

12/17/2014

SSG

1,965

1,960

–

(5

)

AUD

Sell

11/06/2014

DEUT

228

228

–

–

AUD

Sell

11/28/2014

GSC

5,656

5,616

40

–

AUD

Sell

12/17/2014

RBS

9,195

8,909

286

–

BRL

Buy

11/04/2014

SCB

896

882

–

(14

)

BRL

Buy

11/04/2014

UBS

1,533

1,524

–

(9

)

BRL

Buy

12/02/2014

UBS

881

875

–

(6

)

BRL

Sell

11/04/2014

SCB

1,576

1,524

52

–

BRL

Sell

11/04/2014

UBS

887

882

5

–

BRL

Sell

12/02/2014

UBS

1,521

1,511

10

–

CAD

Buy

11/03/2014

BCLY

68

68

–

–

CAD

Buy

12/17/2014

DEUT

4,373

4,288

–

(85

)

CAD

Buy

11/28/2014

RBC

11,251

11,183

–

(68

)

CHF

Buy

12/17/2014

CSFB

2,749

2,675

–

(74

)

CHF

Buy

11/28/2014

JPM

6,853

6,819

–

(34

)

CHF

Sell

12/17/2014

BCLY

588

576

12

–

CHF

Sell

11/04/2014

BNY

129

129

–

–

CHF

Sell

11/28/2014

HSBC

13,993

13,879

114

–

CLP

Buy

12/17/2014

BNP

2,805

2,885

80

–

CLP

Sell

12/17/2014

SCB

2,789

2,885

–

(96

)

CNY

Sell

12/17/2014

JPM

1,627

1,629

–

(2

)

CNY

Sell

12/17/2014

UBS

5,896

5,924

–

(28

)

COP

Buy

12/17/2014

SCB

2,735

2,663

–

(72

)

COP

Sell

12/17/2014

BOA

2,756

2,663

93

–

DKK

Sell

11/04/2014

BNY

76

76

–

–

EUR

Buy

12/17/2014

BCLY

369

366

–

(3

)

EUR

Buy

12/17/2014

DEUT

1,854

1,795

–

(59

)

EUR

Buy

11/03/2014

GSC

89

88

–

(1

)

EUR

Buy

12/17/2014

JPM

148

147

–

(1

)

EUR

Buy

11/03/2014

RBC

67

67

–

–

EUR

Buy

11/28/2014

UBS

6,844

6,813

–

(31

)

EUR

Buy

12/17/2014

UBS

1,346

1,301

–

(45

)

EUR

Buy

11/04/2014

WEST

4

4

–

–

EUR

Sell

11/28/2014

BCLY

682

671

11

–

EUR

Sell

12/17/2014

DEUT

50,819

49,228

1,591

–

EUR

Sell

11/28/2014

GSC

31

31

–

–

The accompanying notes are an integral part of these financial statements.

23

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

EUR

Sell

11/28/2014

JPM

$

18,323

$

18,130

$

193

$

–

EUR

Sell

11/03/2014

RBC

12

12

–

–

EUR

Sell

11/04/2014

WEST

1,126

1,126

–

–

EUR

Sell

11/05/2014

WEST

15

15

–

–

GBP

Buy

11/03/2014

BMO

53

53

–

–

GBP

Buy

11/28/2014

BOA

277

277

–

–

GBP

Buy

11/28/2014

CBK

8,090

8,078

–

(12

)

GBP

Buy

12/17/2014

RBS

11,617

11,438

–

(179

)

GBP

Buy

11/28/2014

SSG

252

251

–

(1

)

GBP

Sell

11/03/2014

BMO

489

489

–

–

GBP

Sell

11/03/2014

BOA

277

277

–

–

GBP

Sell

11/28/2014

CBK

1,352

1,350

2

–

GBP

Sell

12/17/2014

JPM

618

612

6

–

GBP

Sell

11/04/2014

MSC

732

732

–

–

HKD

Buy

11/03/2014

UBS

21

21

–

–

HKD

Sell

11/04/2014

BCLY

410

410

–

–

INR

Buy

12/17/2014

BCLY

1,948

1,938

–

(10

)

INR

Buy

12/17/2014

CBK

2,990

2,974

–

(16

)

JPY

Buy

12/17/2014

BCLY

2,920

2,800

–

(120

)

JPY

Buy

11/06/2014

CBA

3,073

3,064

–

(9

)

JPY

Buy

12/17/2014

DEUT

3,354

3,228

–

(126

)

JPY

Buy

11/04/2014

SSG

8

8

–

–

JPY

Sell

11/04/2014

BCLY

2,919

2,798

121

–

JPY

Sell

12/17/2014

CBA

3,074

3,066

8

–

JPY

Sell

11/06/2014

DEUT

623

620

3

–

JPY

Sell

12/17/2014

JPM

26,237

24,906

1,331

–

JPY

Sell

11/28/2014

RBS

8,346

8,024

322

–

JPY

Sell

11/04/2014

SSG

81

78

3

–

JPY

Sell

11/05/2014

UBS

41

39

2

–

KRW

Buy

12/17/2014

UBS

14,900

14,465

–

(435

)

KRW

Sell

12/17/2014

UBS

16,861

16,369

492

–

MXN

Buy

12/17/2014

JPM

4,557

4,479

–

(78

)

MXN

Sell

11/04/2014

BCLY

3

3

–

–

MXN

Sell

12/17/2014

CBK

3,399

3,370

29

–

MXN

Sell

11/05/2014

SSG

9

9

–

–

NOK

Buy

12/17/2014

GSC

1,313

1,238

–

(75

)

NOK

Buy

12/17/2014

MSC

784

789

5

–

NOK

Buy

11/03/2014

UBS

12

12

–

–

NOK

Sell

11/04/2014

BCLY

140

140

–

–

NOK

Sell

12/17/2014

GSC

2,111

1,991

120

–

NOK

Sell

12/17/2014

JPM

1,650

1,641

9

–

NOK

Sell

11/04/2014

SSG

1,540

1,548

–

(8

)

NZD

Buy

12/17/2014

JPM

2,623

2,624

1

–

NZD

Sell

12/17/2014

CBA

10,367

9,953

414

–

NZD

Sell

12/17/2014

NAB

1,961

1,916

45

–

NZD

Sell

12/17/2014

SSG

1,959

1,916

43

–

PLN

Sell

11/04/2014

BCLY

5

5

–

–

PLN

Sell

12/17/2014

BOA

2,052

1,983

69

–

SEK

Buy

12/17/2014

BOA

2,051

1,991

–

(60

)

SEK

Buy

12/17/2014

JPM

1,745

1,680

–

(65

)

SEK

Sell

11/04/2014

BCLY

101

101

–

–

SEK

Sell

12/17/2014

JPM

1,850

1,847

3

–

SGD

Buy

12/17/2014

GSC

815

807

–

(8

)

SGD

Buy

12/17/2014

UBS

2,263

2,227

–

(36

)

SGD

Sell

11/05/2014

BCLY

110

110

–

–

TRY

Sell

11/04/2014

BCLY

29

29

–

–

TWD

Buy

12/17/2014

BCLY

2,111

2,103

–

(8

)

TWD

Buy

12/17/2014

JPM

1,665

1,661

–

(4

)

TWD

Sell

12/17/2014

CBK

10,314

10,159

155

–

The accompanying notes are an integral part of these financial statements.

24

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
ZAR	Buy	12/17/2014	RBS	$	2,175	$	2,180	$	5	$	–
ZAR	Sell	11/07/2014	BCLY		33		33		–		–
Total								$	5,687	$	(1,894	)

╪ See Significant Accounting Policies of accompanying Notes to Consolidated Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

25

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Consolidated Schedule of Investments)

Counterparty Abbreviations:
BCLY	Barclays
BMO	Bank of Montreal
BNP	BNP Paribas Securities Services
BNY	BNY Mellon
BOA	Banc of America Securities LLC
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
CME	Chicago Mercantile Exchange
CSFB	Credit Suisse First Boston Corp.
DEUT	Deutsche Bank Securities, Inc.
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
NAB	National Australia Bank Limited
RBC	RBC Dominion Securities, Inc.
RBS	RBS Greenwich Capital
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
UBS	UBS AG
WEST	Westpac International

Currency Abbreviations:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CLP	Chilean Peso
CNY	Chinese Yuan Renminbi
COP	Colombian Peso
DKK	Danish Krone
EUR	EURO
GBP	British Pound
HKD	Hong Kong Dollar
INR	Indian Rupee
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican New Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PLN	Polish New Zloty
SEK	Swedish Krona
SGD	Singapore Dollar
TRY	Turkish New Lira
TWD	Taiwan Dollar
USD	U.S. Dollar
ZAR	South African Rand

Index Abbreviations:
CAC	Cotation Assistee en Continu
CDX.EM	Credit Derivatives Emerging Markets
CDX.NA.HY	Credit Derivatives North American High Yield
EAFE	Europe, Australasia and Far East
KOSPI	Korea Composite Stock Price
MSCI	Morgan Stanley Capital International
S&P	Standard & Poors
SPI	Share Price Index

Other Abbreviations:
ADR	American Depositary Receipt
CLO	Collateralized Loan Obligation
CO	Commodity
EM	Emerging Markets
EQ	Equity
ETF	Exchange Traded Fund
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
IR	Interest Rate
J-REIT	Japanese Real Estate Investment Trust
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
REIC	Real Estate Investment Company
REIT	Real Estate Investment Trust
SPDR	Standard & Poor's Depositary Receipt
TBA	To Be Announced

The accompanying notes are an integral part of these financial statements.

26

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Consolidated Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Australia	$	3,140	$	1,024	$	2,116	$	–
Austria		1,642		801		841		–
Belgium		1,180		268		912		–
Brazil		1,180		1,180		–		–
British Virgin Islands		1,016		1,016		–		–
Canada		7,295		7,295		–		–
Cayman Islands		196		173		23		–
China		13,002		5,801		7,201		–
Denmark		1,098		–		1,098		–
Egypt		751		751		–		–
Finland		262		–		262		–
France		11,699		162		11,537		–
Germany		7,736		22		7,714		–
Greece		8,340		291		8,049		–
Hong Kong		10,314		262		10,052		–
India		2,295		652		1,643		–
Indonesia		499		–		499		–
Ireland		7,068		2,450		4,618		–
Israel		4,607		865		3,742		–
Italy		4,832		–		4,832		–
Japan		26,349		271		26,078		–
Jersey		877		748		129		–
Kenya		40		40		–		–
Luxembourg		1,190		284		906		–
Malaysia		2,727		–		2,727		–
Mauritius		639		639		–		–
Mexico		88		88		–		–
Netherlands		9,705		992		8,713		–
Norway		2,652		11		2,641		–
Panama		69		69		–		–
Papua New Guinea		55		55		–		–
Philippines		521		–		521		–
Poland		46		46		–		–
Portugal		142		–		142		–
Puerto Rico		73		73		–		–
Romania		32		–		32		–
Singapore		5,949		152		5,797		–
South Africa		667		–		667		–
South Korea		11,000		181		10,819		–
Spain		2,458		–		2,458		–
Sweden		1,105		–		1,105		–
Switzerland		6,161		286		5,875		–
Taiwan		12,571		242		12,329		–
Thailand		418		–		418		–
Turkey		561		91		470		–
United Arab Emirates		24		24		–		–
United Kingdom		12,660		1,976		10,684		–
United States		100,349		100,223		126		–
Total	$	287,280	$	129,504	$	157,776	$	–
Asset and Commercial Mortgage Backed Securities		22,808		–		19,793		3,015
Corporate Bonds		19,394		–		19,394		–
Exchange Traded Funds		19,957		19,957		–		–
Foreign Government Obligations		47,308		–		47,308		–
Preferred Stocks		1,859		–		1,739		120
U.S. Government Agencies		29,746		–		29,746		–
U.S. Government Securities		21,612		13,877		7,735		–
Warrants		440		440		–		–

The accompanying notes are an integral part of these financial statements.

27

The Hartford Global All-Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Consolidated Investment Valuation Hierarchy Level Summary - (continued)

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets: - (continued)
Short-Term Investments		48,097		–		48,097		–
Purchased Options		923		47		876		–
Total	$	499,424	$	163,825	$	332,464	$	3,135
Foreign Currency Contracts*	$	5,687	$	–	$	5,687	$	–
Futures*		260		260		–		–
Swaps - Credit Default*		194		–		194		–
Swaps - Total Return*		35		–		35		–
Total	$	6,176	$	260	$	5,916	$	–
Liabilities:
Securities Sold Short	$	23,092	$	–	$	23,092	$	–
Written Options		217		–		217		–
Total	$	23,309	$	–	$	23,309	$	–
Foreign Currency Contracts*	$	1,894	$	–	$	1,894	$	–
Futures*		1,379		1,379		–		–
Swaps - Total Return*		812		–		812		–
Total	$	4,085	$	1,379	$	2,706	$	–

♦ For the year ended October 31, 2014, investments valued at $15,481 were transferred from Level 1 to Level 2, and investments valued at $7,262 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	—	$	(10	)	$	4	†	$	7	$	3,441	$	(427	)	$	—	$	—		$	3,015
Common Stocks		258		98			347			—		—		(813	)		368		(258	)		—
Preferred Stocks		—		—			(14	)‡		—		134		—			—		—			120
Total	$	258	$	88		$	337		$	7	$	3,575	$	(1,240	)	$	368	$	(258	)	$	3,135

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $4.

‡ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(14).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

28

The Hartford Global All-Asset Fund

Consolidated Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $479,975)	$	499,424
Cash		9,563	*
Foreign currency on deposit with custodian (cost $23)		23
Unrealized appreciation on foreign currency contracts		5,687
Unrealized appreciation on OTC swap contracts		176
Receivables:
Investment securities sold		50,911
Fund shares sold		277
Dividends and interest		1,204
Variation margin on financial derivative instruments		278
OTC swap premiums paid		—
Other assets		99
Total assets		567,642
Liabilities:
Unrealized depreciation on foreign currency contracts		1,894
Unrealized depreciation on OTC swap contracts		812
TBA sale commitments, at market value (proceeds $23,018)		23,092
Payables:
Investment securities purchased		41,197
Fund shares redeemed		5,340
Investment management fees		91
Administrative fees		—
Distribution fees		35
Collateral received from broker		213
Variation margin on financial derivative instruments		442
Accrued expenses		101
OTC swap premiums received		1,275
Written option contracts (proceeds $326)		217
Other liabilities		1
Total liabilities		74,710
Net assets	$	492,932
Summary of Net Assets:
Capital stock and paid-in-capital	$	412,204
Undistributed net investment income		7,538
Accumulated net realized gain		51,860
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		21,330
Net assets	$	492,932

^* Cash of $9,561 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

29

The Hartford Global All-Asset Fund

Consolidated Statement of Assets and Liabilities – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		700,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$12.68/$13.42
Shares outstanding		16,299
Net assets	$	206,595
Class C: Net asset value per share	$	12.56
Shares outstanding		10,369
Net assets	$	130,260
Class I: Net asset value per share	$	12.72
Shares outstanding		9,241
Net assets	$	117,499
Class R3: Net asset value per share	$	12.67
Shares outstanding		264
Net assets	$	3,340
Class R4: Net asset value per share	$	12.80
Shares outstanding		106
Net assets	$	1,363
Class R5: Net asset value per share	$	12.72
Shares outstanding		215
Net assets	$	2,730
Class Y: Net asset value per share	$	12.72
Shares outstanding		2,449
Net assets	$	31,145

The accompanying notes are an integral part of these financial statements.

30

The Hartford Global All-Asset Fund

Consolidated Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	8,716
Interest		3,693
Less: Foreign tax withheld		(737	)
Total investment income		11,672
Expenses:
Investment management fees		5,183
Administrative services fees
Class R3		7
Class R4		2
Class R5		3
Transfer agent fees
Class A		315
Class C		161
Class I		96
Class R3		1
Class R4		—
Class R5		—
Class Y		1
Distribution fees
Class A		612
Class C		1,419
Class R3		18
Class R4		4
Custodian fees		68
Accounting services fees		139
Registration and filing fees		109
Board of Directors' fees		15
Audit fees		47
Other expenses		95
Total expenses (before waivers and fees paid indirectly)		8,295
Expense waivers		(752	)
Commission recapture		(4	)
Total waivers and fees paid indirectly		(756	)
Total expenses, net		7,539
Net Investment Income		4,133
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		52,088
Less: Foreign taxes paid on realized capital gains		(19	)
Net realized loss on purchased option contracts		(938	)
Net realized loss on TBA sale transactions		(721	)
Net realized gain on futures contracts		1,237
Net realized gain on written option contracts		2
Net realized loss on swap contracts		(343	)
Net realized gain on foreign currency contracts		6,396
Net realized loss on other foreign currency transactions		(128	)
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		57,574
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(39,926	)
Net unrealized appreciation of purchased option contracts		502
Net unrealized depreciation of TBA sale commitments		(74	)
Net unrealized depreciation of futures contracts		(1,739	)
Net unrealized appreciation of written option contracts		109
Net unrealized depreciation of swap contracts		(1,352	)
Net unrealized appreciation of foreign currency contracts		4,369
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(241	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(38,352	)
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		19,222
Net Increase in Net Assets Resulting from Operations	$	23,355

The accompanying notes are an integral part of these financial statements.

31

The Hartford Global All-Asset Fund

Consolidated Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	4,133		$	4,113
Net realized gain on investments, other financial instruments and foreign currency transactions		57,574			16,343
Net unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(38,352	)		52,531
Net Increase in Net Assets Resulting from Operations		23,355			72,987
Distributions to Shareholders:
From net investment income
Class A		(2,705	)		(7,352	)
Class C		(370	)		(2,817	)
Class I		(1,719	)		(4,796	)
Class R3		(29	)		(75	)
Class R4		(22	)		(18	)
Class R5		(35	)		(71	)
Class Y		(642	)		(2,021	)
Total from net investment income		(5,522	)		(17,150	)
From net realized gain on investments
Class A		(855	)		—
Class C		(490	)		—
Class I		(434	)		—
Class R3		(12	)		—
Class R4		(6	)		—
Class R5		(9	)		—
Class Y		(160	)		—
Total from net realized gain on investments		(1,966	)		—
Total distributions		(7,488	)		(17,150	)
Capital Share Transactions:
Class A		(64,851	)		(53,382	)
Class C		(24,054	)		(33,398	)
Class I		(20,800	)		(58,417	)
Class R3		(261	)		(766	)
Class R4		(586	)		347
Class R5		44			(96	)
Class Y		(17,968	)		(41,097	)
Net decrease from capital share transactions		(128,476	)		(186,809	)
Net Decrease in Net Assets		(112,609	)		(130,972	)
Net Assets:
Beginning of period		605,541			736,513
End of period	$	492,932		$	605,541
Undistributed (distributions in excess of) net investment income	$	7,538		$	4,471

The accompanying notes are an integral part of these financial statements.

32

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Global All-Asset Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance

33

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value,

34

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Consolidated Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Consolidated Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Consolidated Statement of Operations, as applicable. 

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Consolidated Statement of Operations as a reduction to net realized gain on investments in these securities.  

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

35

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.  

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Basis for Consolidation – The Fund may invest up to 25% of its total assets in a wholly-owned subsidiary of the Fund. The Subsidiary is organized under the laws of the Cayman Islands and is consolidated in the Fund’s financial statements. All intercompany balances, revenues, and expenses have been eliminated in consolidation. The Subsidiary acts as an investment vehicle in order to enter into certain investments for the Fund, consistent with the investment objectives and policies specified in the Prospectus and Statement of Additional Information.

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of

36

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

reported amounts of assets and liabilities in the Consolidated Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Consolidated Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Consolidated Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund, as shown on the Consolidated Schedule of Investments, had open TBA commitments as of October 31, 2014, which may be a part of dollar roll transactions.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or

37

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Consolidated Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund, as shown on the Consolidated Schedule of Investments, had inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Consolidated Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Consolidated Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Consolidated Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Consolidated Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Consolidated Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Consolidated Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

38

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Consolidated Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Consolidated Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:
Call Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		5,750,026			246
Expired		—			—
Closed		(350,026	)		(87	)
Exercised		—			—
End of period		5,400,000		$	159

Put Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		5,750,026			253
Expired		—			—
Closed		(350,026	)		(86	)
Exercised		—			—
End of period		5,400,000		$	167

* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency. 

39

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Consolidated Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Consolidated Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Consolidated Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Consolidated Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Consolidated Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Consolidated Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Consolidated Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Consolidated Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Consolidated Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Consolidated Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of

40

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the ConsolidatedSchedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the Consolidated Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund had no outstanding interest rate swap contracts as of October 31, 2014.

Total Return Swap Contracts – The Fund may invest in total return swap contracts. An investment in a total return swap allows the Fund to gain or mitigate exposure to underlying referenced securities, indices or commodities. Total return swap contracts involve commitments where cash flows are exchanged based on the price of underlying securities, indices or commodities and based on a fixed or variable rate. One party would receive payments based on the price appreciation or depreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying to or receiving from the counterparty seller an agreed-upon rate, which can be fixed or variable. A variable rate may be correlated to a base rate, such as the LIBOR, and is adjusted each reset period, which are defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.

Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment from or make a payment to the counterparty. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding total return swap contracts as of October 31, 2014.

41

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Consolidated Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	—	$	567	$	—	$	280	$	76	$	—	$	923
Unrealized appreciation on foreign currency contracts		—		5,687		—		—		—		—		5,687
Unrealized appreciation on OTC swap contracts		—		—		141		35		—		—		176
Variation margin receivable *		35		—		17		226		—		—		278
Total	$	35	$	6,254	$	158	$	541	$	76	$	—	$	7,064
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	1,894	$	—	$	—	$	—	$	—	$	1,894
Unrealized depreciation on OTC swap contracts		—		—		—		812		—		—		812
Variation margin payable *		102		—		—		318		22		—		442
Written option contracts, market value		84		133		—		—		—		—		217
Total	$	186	$	2,027	$	—	$	1,130	$	22	$	—	$	3,365

* Only current day's variation margin is reported within the Consolidated Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative depreciation of $(1,119) and open centrally cleared swaps net cumulative appreciation of $53 as reported in the Consolidated Schedule of Investments.

The volume of derivatives that is presented in the Consolidated Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Consolidated Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit Contracts			Equity Contracts			Commodity Contracts			Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on purchased option contracts	$	56		$	149	$	—		$	(942	)	$	(201	)	$	—	$	(938	)
Net realized gain (loss) on futures contracts		3,906			—		—			(2,384	)		(285	)		—		1,237
Net realized gain on written option contracts		2			—		—			—			—			—		2
Net realized gain (loss) on swap contracts		(1,944	)		—		2,094			(320	)		(173	)		—		(343	)
Net realized gain on foreign currency contracts		—			6,396		—			—			—			—		6,396
Total	$	2,020		$	6,545	$	2,094		$	(3,646	)	$	(659	)	$	—	$	6,354
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of purchased option contracts	$	—		$	520	$	—		$	36		$	(54	)	$	—	$	502
Net change in unrealized appreciation (depreciation) of futures contracts		(1,714	)		—		—			81			(106	)		—		(1,739	)
Net change in unrealized appreciation of written option contracts		3			106		—			—			—			—		109
Net change in unrealized appreciation (depreciation) of swap contracts		379			—		(1,311	)		(420	)		—			—		(1,352	)
Net change in unrealized appreciation of foreign currency contracts		—			4,369		—			—			—			—		4,369
Total	$	(1,332	)	$	4,995	$	(1,311	)	$	(303	)	$	(160	)	$	—	$	1,889

42

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Consolidated Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received			Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	911	$	(752	)	$	—	$	(125	)†	$	34
Futures contracts - variation margin receivable		261		(261	)		—		—			—
Swap contracts - variation margin receivable		17		—			—		—	□		17
Unrealized appreciation on foreign currency contracts		5,558		(1,415	)		—		—			4,143
Total subject to a master netting or similar arrangement	$	6,747	$	(2,428	)	$	—	$	(125	)	$	4,194

* Gross amounts are presented here as there are no amounts that are netted within the Consolidated Statement of Assets and Liabilities.

† An additional $88 of cash collateral was received by the Fund related to derivative assets.

□ The Fund has pledged $201 as collateral for open centrally cleared swap contracts held at October 31, 2014.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Consolidated Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	2,163	$	(752	)	$	—	$	(1,142	)†	$	269
Futures contracts - variation margin payable		442		(261	)		—		(7,920	)		—
Unrealized depreciation on foreign currency contracts		1,876		(1,415	)		—		—			461
Total subject to a master netting or similar arrangement	$	4,481	$	(2,428	)	$	—	$	(9,062	)	$	730

* Gross amounts are presented here as there are no amounts that are netted within the Consolidated Statement of Assets and Liabilities.

† An additional $298 of cash collateral was pledged to counterparties related to derivative liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

43

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Consolidated Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

44

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	5,510	$	17,150
Long-Term Capital Gains ‡		1,978		—

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	19,628
Undistributed Long-Term Capital Gain		44,855
Unrealized Appreciation*		15,632
Total Accumulated Earnings	$	80,115

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Consolidated Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	4,456
Accumulated Net Realized Gain (Loss)		(3,188	)
Capital Stock and Paid-in-Capital		(1,268	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

45

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million		0.950%
On next $250 million		0.900%
On next $500 million		0.800%
On next $1.5 billion		0.730%
On next $2.5 billion		0.700%
On next $5 billion		0.660%
Over $10 billion		0.655%

The investment manager has contractually agreed to waive the management fee in an amount equal to the management fee paid to it by the Fund’s wholly owned Cayman Islands subsidiary fund. This waiver will remain in effect for a long as the Fund remains invested in that subsidiary fund.

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion		0.025%
On next $5 billion		0.020%
Over $10 billion		0.015%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A		Class C		Class I		Class R3		Class R4		Class R5		Class Y
	1.25%		2.00%		1.00%		1.50%		1.20%		0.95%		0.90%

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Consolidated Statement of Operations.

46

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.25	%
Class C		2.00
Class I		0.98
Class R3		1.50
Class R4		1.20
Class R5		0.95
Class Y		0.90

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $383 and contingent deferred sales charges of $9 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Consolidated Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Consolidated Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Consolidated Statement of Operations. These fees are accrued daily and paid monthly.

47

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R5		100	%*		1	%

* Percentage rounds to 100%.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	863,908	$	28,816	$	892,724
Sales Proceeds		973,622		22,874		996,496

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		1,317		277		(6,724	)		(5,130	)		2,631		616		(7,820	)		(4,573	)
Amount	$	16,632	$	3,428	$	(84,911	)	$	(64,851	)	$	30,515	$	6,983	$	(90,880	)	$	(53,382	)
Class C
Shares		781		56		(2,753	)		(1,916	)		1,529		194		(4,612	)		(2,889	)
Amount	$	9,767	$	684	$	(34,505	)	$	(24,054	)	$	17,615	$	2,190	$	(53,203	)	$	(33,398	)
Class I
Shares		2,275		128		(4,058	)		(1,655	)		3,584		293		(8,907	)		(5,030	)
Amount	$	29,063	$	1,594	$	(51,457	)	$	(20,800	)	$	41,632	$	3,330	$	(103,379	)	$	(58,417	)
Class R3
Shares		57		3		(80	)		(20	)		44		6		(117	)		(67	)
Amount	$	713	$	40	$	(1,014	)	$	(261	)	$	505	$	70	$	(1,341	)	$	(766	)
Class R4
Shares		21		1		(69	)		(47	)		169		1		(138	)		32
Amount	$	278	$	10	$	(874	)	$	(586	)	$	1,968	$	12	$	(1,633	)	$	347
Class R5
Shares		—		4		—			4			2		6		(16	)		(8	)
Amount	$	4	$	44	$	(4	)	$	44		$	19	$	71	$	(186	)	$	(96	)
Class Y
Shares		148		33		(1,612	)		(1,431	)		291		128		(4,017	)		(3,598	)
Amount	$	1,850	$	405	$	(20,223	)	$	(17,968	)	$	3,429	$	1,447	$	(45,973	)	$	(41,097	)
Total
Shares		4,599		502		(15,296	)		(10,195	)		8,250		1,244		(25,627	)		(16,133	)
Amount	$	58,307	$	6,205	$	(192,988	)	$	(128,476	)	$	95,683	$	14,103	$	(296,595	)	$	(186,809	)

48

The Hartford Global All-Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

49

The Hartford Global All-Asset Fund

Consolidated Financial Highlights

	- Selected Per-Share Data - (A)																									- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	12.34	$	0.11		$	0.40		$	0.51		$	(0.13	)	$	(0.04	)	$	(0.17	)	$	12.68		4.18	%	$	206,595		1.40	%		1.25	%		0.85	%
C		12.23		0.01			0.39			0.40			(0.03	)		(0.04	)		(0.07	)		12.56		3.30			130,260		2.13			2.00			0.10
I		12.38		0.14			0.40			0.54			(0.16	)		(0.04	)		(0.20	)		12.72		4.43			117,499		1.10			0.98			1.11
R3		12.34		0.08			0.39			0.47			(0.10	)		(0.04	)		(0.14	)		12.67		3.86			3,340		1.73			1.50			0.61
R4		12.47		0.11			0.41			0.52			(0.15	)		(0.04	)		(0.19	)		12.80		4.18			1,363		1.44			1.20			0.90
R5		12.38		0.14			0.41			0.55			(0.17	)		(0.04	)		(0.21	)		12.72		4.49			2,730		1.12			0.95			1.14
Y		12.38		0.15			0.41			0.56			(0.18	)		(0.04	)		(0.22	)		12.72		4.54			31,145		1.02			0.90			1.18
For the Year Ended October 31, 2013
A	$	11.30	$	0.08		$	1.25		$	1.33		$	(0.29	)	$	–		$	(0.29	)	$	12.34		12.02	%	$	264,437		1.37	%		1.22	%		0.72	%
C		11.18		–			1.24			1.24			(0.19	)		–			(0.19	)		12.23		11.26			150,191		2.11			1.97			(0.03	)
I		11.33		0.12			1.25			1.37			(0.32	)		–			(0.32	)		12.38		12.37			134,853		1.08			0.96			0.99
R3		11.29		0.05			1.26			1.31			(0.26	)		–			(0.26	)		12.34		11.78			3,504		1.70			1.47			0.45
R4		11.39		0.07			1.29			1.36			(0.28	)		–			(0.28	)		12.47		12.16			1,906		1.42			1.18			0.57
R5		11.34		0.12			1.25			1.37			(0.33	)		–			(0.33	)		12.38		12.30			2,615		1.09			0.93			0.99
Y		11.34		0.12			1.25			1.37			(0.33	)		–			(0.33	)		12.38		12.36			48,035		0.99			0.88			1.04
For the Year Ended October 31, 2012
A	$	10.63	$	0.06		$	0.67		$	0.73		$	(0.06	)	$	–		$	(0.06	)	$	11.30		6.97	%	$	293,773		1.38	%		1.09	%		0.58	%
C		10.53		(0.02	)		0.67			0.65			–			–			–			11.18		6.17			169,673		2.12			1.84			(0.16	)
I		10.66		0.09			0.68			0.77			(0.10	)		–			(0.10	)		11.33		7.28			180,463		1.09			0.83			0.84
R3		10.61		0.04			0.67			0.71			(0.03	)		–			(0.03	)		11.29		6.75			3,961		1.74			1.36			0.33
R4		10.64		0.07			0.68			0.75			–			–			–			11.39		7.05			1,378		1.45			1.06			0.62
R5		10.67		0.09			0.68			0.77			(0.10	)		–			(0.10	)		11.34		7.31			2,485		1.11			0.83			0.85
Y		10.67		0.10			0.68			0.78			(0.11	)		–			(0.11	)		11.34		7.38			84,780		1.01			0.77			0.91
For the Year Ended October 31, 2011
A	$	11.04	$	0.03		$	(0.32	)	$	(0.29	)	$	(0.03	)	$	(0.09	)	$	(0.12	)	$	10.63		(2.67	)%	$	373,186		1.45	%		1.02	%		0.31	%
C		11.00		(0.05	)		(0.32	)		(0.37	)		(0.01	)		(0.09	)		(0.10	)		10.53		(3.36	)		216,578		2.19			1.75			(0.43	)
I		11.05		0.06			(0.32	)		(0.26	)		(0.04	)		(0.09	)		(0.13	)		10.66		(2.44	)		263,596		1.17			0.73			0.57
R3		11.02		0.01			(0.33	)		(0.32	)		–			(0.09	)		(0.09	)		10.61		(2.93	)		3,140		1.79			1.30			0.09
R4		11.04		0.06			(0.36	)		(0.30	)		(0.01	)		(0.09	)		(0.10	)		10.64		(2.71	)		1,205		1.49			1.00			0.50
R5		11.05		0.08			(0.34	)		(0.26	)		(0.03	)		(0.09	)		(0.12	)		10.67		(2.36	)		2,335		1.19			0.70			0.74
Y		11.05		0.08			(0.33	)		(0.25	)		(0.04	)		(0.09	)		(0.13	)		10.67		(2.34	)		12,219		1.08			0.65			0.76

See Portfolio Turnover information on the next page.

50

The Hartford Global All-Asset Fund

Consolidated Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
From May 28, 2010 (commencement of operations), through October 31, 2010
A(D)	$	10.00	$	(0.01	)	$	1.05	$	1.04	$	–	$	–	$	–	$	11.04		10.40	%(E)	$	92,704		1.51	%(F)		0.95	%(F)		(0.16	)%(F)
C(D)		10.00		(0.04	)		1.04		1.00		–		–		–		11.00		10.00	(E)		46,828		2.26	(F)		1.70	(F)		(0.92	)(F)
I(D)		10.00		–			1.05		1.05		–		–		–		11.05		10.50	(E)		66,511		1.24	(F)		0.68	(F)		(0.01	)(F)
R3(D)		10.00		(0.01	)		1.03		1.02		–		–		–		11.02		10.20	(E)		2,216		1.91	(F)		1.31	(F)		(0.18	)(F)
R4(D)		10.00		0.01			1.03		1.04		–		–		–		11.04		10.40	(E)		2,208		1.61	(F)		1.01	(F)		0.12	(F)
R5(D)		10.00		0.02			1.03		1.05		–		–		–		11.05		10.50	(E)		2,210		1.31	(F)		0.71	(F)		0.42	(F)
Y(D)		10.00		0.01			1.04		1.05		–		–		–		11.05		10.50	(E)		9,948		1.22	(F)		0.66	(F)		0.47	(F)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Consolidated Financial Statements).

(D) Commenced operations on May 28, 2010.

(E) Not annualized.

(F) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		75	%
For the Year Ended October 31, 2013		47
For the Year Ended October 31, 2012		94
For the Year Ended October 31, 2011		206
From May 28, 2010 (commencement of operations) through October 31, 2010		37	(A)

(A) Not annualized.

51

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying consolidated statement of assets and liabilities, including the consolidated schedule of investments, of The Hartford Global All-Asset Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related consolidated statement of operations for the year then ended, the consolidated statements of changes in net assets for each of the two years in the period then ended, and the consolidated financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements and consolidated financial highlights referred to above present fairly, in all material respects, the consolidated financial position of The Hartford Global All-Asset Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its consolidated operations for the year then ended, the consolidated changes in its net assets for each of the two years in the period then ended, and the consolidated financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota December 18, 2014

52

The Hartford Global All-Asset Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Consolidated Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

53

The Hartford Global All-Asset Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

54

The Hartford Global All-Asset Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

55

The Hartford Global All-Asset Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

56

The Hartford Global All-Asset Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,000.80	$	6.30	$	1,000.00	$	1,018.90	$	6.36		1.25	%	184	365
Class C	$	1,000.00	$	996.00	$	10.06	$	1,000.00	$	1,015.12	$	10.16		2.00		184	365
Class I	$	1,000.00	$	1,002.40	$	4.85	$	1,000.00	$	1,020.37	$	4.89		0.96		184	365
Class R3	$	1,000.00	$	999.20	$	7.56	$	1,000.00	$	1,017.64	$	7.63		1.50		184	365
Class R4	$	1,000.00	$	1,000.80	$	6.05	$	1,000.00	$	1,019.16	$	6.11		1.20		184	365
Class R5	$	1,000.00	$	1,001.60	$	4.79	$	1,000.00	$	1,020.42	$	4.84		0.95		184	365
Class Y	$	1,000.00	$	1,002.40	$	4.54	$	1,000.00	$	1,020.67	$	4.58		0.90		184	365

57

The Hartford Global All-Asset Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Global All-Asset Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

58

The Hartford Global All-Asset Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, its use of the Fund’s investment flexibility, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1-year period and the 4^th quintile for the 3-year period. The Board also noted that the Fund’s performance was above its blended custom benchmark for the 1-year period and below its blended custom benchmark for the 3-year period. The Board considered that, in response to questions raised concerning the Fund’s performance, HFMC stated that it has confidence in the Fund’s portfolio management team and investment strategy.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

59

The Hartford Global All-Asset Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 5^th quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

60

The Hartford Global All-Asset Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

61

The Hartford Global All-Asset Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early).

Cayman Subsidiary Risk: Investing in a Cayman Islands subsidiary exposes the Fund to the risks associated with the subsidiary and its investments.

Commodities Risk: Investments in commodities may be more volatile than investments in traditional securities.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

62

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-GAA14 12/14 113976-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD
GLOBAL ALPHA FUND  2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Global Alpha Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	17
Statement of Operations for the Year Ended October 31, 2014	19
Statement of Changes in Net Assets for the Year Ended October 31, 2014, and for the Period December 14, 2012 (commencement of operations) through October 31, 2013	20
Notes to Financial Statements	21
Financial Highlights	38
Report of Independent Registered Public Accounting Firm	39
Directors and Officers (Unaudited)	40
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	42
Quarterly Portfolio Holdings Information (Unaudited)	42
Federal Tax Information (Unaudited)	43
Expense Example (Unaudited)	44
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	45
Main Risks (Unaudited)	49

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Global Alpha Fund inception 12/14/2012

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide a positive total return that exceeds the return on 3-Month U.S. Treasury bills over the long-term (generally at least three years) regardless of market conditions.

Performance Overview    12/14/12 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			Since Inception▲
Global Alpha A#		-0.63	%		-2.75	%
Global Alpha A##		-6.09	%		-5.63	%
Global Alpha C#		-1.27	%		-3.46	%
Global Alpha C##		-2.25	%		-3.46	%
Global Alpha I#		-0.31	%		-2.47	%
Global Alpha R3#		-0.95	%		-3.13	%
Global Alpha R4#		-0.73	%		-2.86	%
Global Alpha R5#		-0.42	%		-2.58	%
Global Alpha Y#		-0.31	%		-2.47	%
Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index		0.05	%		0.06	%

▲ Inception: 12/14/2012

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index is an unmanaged index that tracks the performance of U.S. dollar denominated U.S. Treasury bills publicly issued in the U.S. domestic markets with maturities of 90 days or less that assumes reinvestment of all income.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Global Alpha Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Global Alpha Class A		1.55	%		1.88	%
Global Alpha Class C		2.30	%		2.62	%
Global Alpha Class I		1.30	%		1.64	%
Global Alpha Class R3		1.85	%		2.32	%
Global Alpha Class R4		1.55	%		2.02	%
Global Alpha Class R5		1.25	%		1.72	%
Global Alpha Class Y		1.20	%		1.61	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Robert L. Evans	Mark H. Sullivan, CFA, CMT	John Soukas
Director and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Global Alpha Fund returned -0.63%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index, which returned 0.05% for the same period. The Fund also underperformed the 3.05% average return of the Lipper Absolute Return Funds peer group, a group of funds which aim for positive returns in all market conditions. The funds in the Lipper Absolute Return Funds peer group are not benchmarked against a traditional long only market index but rather have the aim of outperforming a cash or risk-free benchmark.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England (BOE) and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter GDP rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

The Fund’s macro and credit strategies contributed positively to results over the period while quantitative strategies detracted. Within macro strategies, our duration strategies were primary contributors while currency strategies detracted from relative returns over the period. Our underweight duration positions in front-end and intermediate U.K. interest rates, particularly in 4Q 2013, were positive contributors as strong domestic data and BOE policy tightening expectations both led to a rise in U.K. yields. In addition, our tactical long positions in Australia held throughout this period were beneficial. We held these positions based on our outlook for the impacts of a slowing Chinese economy on commodity export- driven economies like Australia. As China’s consumption of raw materials slows, it should continue to have negative effects on Australia’s growth outlook, influence more accommodative monetary policy and impact yields. Within the Fund’s currency strategies, our tactical positions favoring an underweight to European currencies, including the Euro (EUR) detracted from relative performance as economic data stabilized in the Eurozone and the ECB provided

3

The Hartford Global Alpha Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

guidance that implied rates would remain low, but refrained from actually easing monetary policy until very recently. Within our quantitative strategies, modest long U.S. 10-year vs. U.K. 10-year and Germany 10-year positions, which were held at elevated risk levels at various points during this time period, detracted from relative performance as both sovereign spreads widened at the margin. Helping offset the majority of this benchmark-relative underperformance during the period were our relative yield curve strategies within the U.S. and Germany. Early in 2014, our models favored a flatter U.S. yield curve relative to a steeper Germany curve and the U.S. curve continued to experience flattening relative to Germany. Within credit, our positioning in corporate bonds, non-agency Mortgage Backed Securities (MBS), and Commercial Mortgage Backed Securities (CMBS) aided performance as spreads generally tightened during the period, driven by investors’ continued search for yield and positive market technicals. This was partially offset by our tactical positioning in MBS, which detracted from relative returns over the period.

Our quantitatively-oriented country positioning is primarily implemented through the use of exchange-traded government bond futures. Our currency and duration positioning is primarily implemented through the use of currency forward contracts and through the use of exchange-traded government bond futures. Our credit positioning is primarily implemented through the use of cash bonds and credit default swaps.

What is the outlook?

In our view the global cycle in advanced economies continues to moderate, coupled with a weaker emerging market growth outlook. We tactically traded duration (3.24 years as of October 31, 2014) during the period. We ended the period with active duration overweights in South Korea and Australia, while our primary underweight duration positions were in Germany, the United Kingdom, and Japan. We continued to favor the U.S. dollar as our primary overweight with underweights in the New Zealand dollar, South Korean won and Euro Currency. Our exposure to investment grade, high yield, and securitized credit sectors remains opportunistic in nature, but we retain our positive outlook for global credit and continue to expect corporate bonds to outperform government bonds.

Credit Exposure
as of October 31, 2014
Credit Rating *	Percentage of Net Assets
Aaa/ AAA		14.7	%
Aa/ AA		53.3
A		0.2
Baa/ BBB		4.9
Ba/ BB		5.4
B		0.8
Caa/ CCC or Lower		0.6
Not Rated		0.2
Non-Debt Securities and Other Short-Term Instruments		16.5
Other Assets and Liabilities		3.4
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		4.4	%
Corporate Bonds		9.1
Foreign Government Obligations		5.5
U.S. Government Securities		61.1
Total		80.1	%
Short-Term Investments		16.3
Purchased Options		0.2
Other Assets and Liabilities		3.4
Total		100.0	%

4

The Hartford Global Alpha Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 4.4%
		Finance and Insurance - 4.4%
		CHL Mortgage Pass-Through Trust
$	22	6.25%, 09/25/2036	$	20
		Countrywide Alternative Loan Trust
	17	0.47%, 11/25/2035 Δ		14
	27	6.50%, 09/25/2036		24
		Dryden Senior Loan Fund
	250	1.70%, 07/15/2026 ■Δ		249
		GMAC Mortgage Corp. Loan Trust
	31	2.93%, 09/19/2035 Δ		29
		JP Morgan Chase Commercial Mortgage Securities Corp.
	100	2.75%, 10/15/2045 ■		75
	115	4.57%, 12/15/2047 ■Δ		98
		Magnetite CLO Ltd.
	250	1.70%, 07/25/2026 ■Δ		248
		OZLM Funding Ltd.
	250	1.73%, 04/17/2026 ■Δ		249
		Residential Accredit Loans, Inc.
	96	0.36%, 04/25/2046 Δ		49
		UBS-Barclays Commercial Mortgage Trust
	50	4.23%, 03/10/2046 ■Δ		42
		WaMu Mortgage Pass Through Certificates
	16	1.83%, 01/25/2037 Δ		14
				1,111
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $1,087)	$	1,111
Corporate Bonds - 9.1%
		Administrative, Support, Waste Management and Remediation Services - 0.1%
		Clean Harbors, Inc.
$	25	5.13%, 06/01/2021	$	25
		Finance and Insurance - 5.6%
		Ally Financial, Inc.
	40	5.13%, 09/30/2024		42
		American International Group, Inc.
GBP	50	5.75%, 03/15/2067		83
		Bank of America Corp.
EUR	50	0.78%, 05/23/2017 Δ		62
		Banque PSA Finance S.A.
EUR	100	4.00%, 06/24/2015 §		128
		Barclays Bank plc
	210	4.38%, 09/11/2024		204
		CNH Capital LLC
	75	3.63%, 04/15/2018		75
		CNH Industrial Finance Europe S.A.
EUR	100	2.75%, 03/18/2019 §		126
		Conti-Gummi Finance B.V.
EUR	100	2.50%, 03/20/2017 §		131
		Ford Motor Credit Co. LLC
	125	5.63%, 09/15/2015		130
		HSBC Holdings plc
EUR	50	0.38%, 09/30/2020 Δ		62
		Navient Corp.
	165	5.50%, 01/15/2019		171
	20	6.25%, 01/25/2016		21
		Royal Bank of Scotland Group plc
	115	6.00%, 12/19/2023		124
	50	9.50%, 03/16/2022 §		57
				1,416
		Health Care and Social Assistance - 0.8%
		AbbVie, Inc.
	25	1.75%, 11/06/2017		25
		DaVita, Inc.
	45	5.75%, 08/15/2022		48
		Fresenius Medical Care U.S. Finance II, Inc.
	70	5.63%, 07/31/2019 ■		75
		Zoetis, Inc.
	45	1.88%, 02/01/2018		45
				193
		Information - 1.4%
		Deutsche Telekom International Finance B.V.
	175	5.75%, 03/23/2016		186
		Sprint Corp.
	15	7.25%, 09/15/2021 ■		16
		Verizon Communications, Inc.
	27	5.01%, 08/21/2054 ■		27
	103	6.55%, 09/15/2043		130
				359
		Other Services - 0.1%
		Service Corp. International
	15	5.38%, 01/15/2022		15
		Petroleum and Coal Products Manufacturing - 0.6%
		Petrobras Global Finance Co.
	155	3.25%, 03/17/2017		156
		Utilities - 0.3%
		American Electric Power Co., Inc.
	25	1.65%, 12/15/2017		25
	50	2.95%, 12/15/2022		49
				74
		Wholesale Trade - 0.2%
		Spectrum Brands, Inc.
	60	6.38%, 11/15/2020		64
		Total Corporate Bonds
		(Cost $2,315)	$	2,302
Foreign Government Obligations - 5.5%
		Cyprus - 0.1%
		Cyprus (Republic of)
EUR	16	4.75%, 06/25/2019 §	$	19
		Denmark - 3.8%
		Denmark (Kingdom of)
DKK	5,690	2.00%, 11/15/2014		959
		Ireland - 0.5%
		Ireland (Republic of)
EUR	85	3.40%, 03/18/2024 §		122

The accompanying notes are an integral part of these financial statements.

5

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Foreign Government Obligations - 5.5% - (continued)
		Portugal - 0.6%
		Portugal (Republic of)
EUR	120	3.88%, 02/15/2030 ■	$	149
		South Africa - 0.5%
		South Africa (Republic of)
ZAR	655	8.00%, 01/31/2030		58
ZAR	630	10.50%, 12/21/2026		68
				126
		Total Foreign Government Obligations
		(Cost $1,471)	$	1,375
U.S. Government Securities - 61.1%
Other Direct Federal Obligations - 2.0%
		FHLB - 2.0%
$	500	0.25%, 01/16/2015	$	500
U.S. Treasury Securities - 59.1%
		U.S. Treasury Notes - 59.1%
	1,550	0.13%, 12/31/2014 Є		1,550
	5,005	0.25%, 11/30/2014 - 02/28/2015 ╦ΘЄ		5,008
	2,440	0.38%, 11/15/2014 - 03/15/2015		2,441
	1,605	2.25%, 01/31/2015		1,613
	2,000	2.63%, 12/31/2014		2,008
	2,300	4.25%, 11/15/2014		2,304
				14,924
		Total U.S. Government Securities
		(Cost $15,425)	$	15,424
		Total Long-Term Investments Excluding Purchased Options
		(Cost $20,298)	$	20,212
Short-Term Investments - 16.3%
Other Direct Federal Obligations - 4.9%
		FHLB
$	250	0.06%, 11/5/2014 ○	$	250
	1,000	0.06%, 3/30/2015		999
				1,249
Commercial Paper - 4.0%
		Computer and Electronic Product Manufacturing - 1.0%
		Apple, Inc.
$	250	0.06%, 11/21/2014 ○	$	250
		Finance and Insurance - 1.0%
		Nissan Motor Acceptance Corp.
	250	0.27%, 11/17/2014 ○		250
		Information - 2.0%
		AT&T, Inc.
	250	0.24%, 11/14/2014 ■○		250
		Deutsche Telekom AG
	250	0.30%, 12/1/2014 ○		250
				500
				1,000
Repurchase Agreements - 7.4%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5, collateralized by U.S. Treasury Note 1.50%, 2019, value of $5)
	5	0.08%, 10/31/2014		5
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $91, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of  $93)
	91	0.09%, 10/31/2014		91
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $25, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $25)
	25	0.08%, 10/31/2014		25
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $83, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $85)
	83	0.10%, 10/31/2014		83
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $313, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $320)
	313	0.08%, 10/31/2014		313
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $360, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $367)
	360	0.09%, 10/31/2014		360
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $21, collateralized by U.S. Treasury Note 0.88%, 2017, value of $21)
	21	0.13%, 10/31/2014		21
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $31, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $31)
	31	0.07%, 10/31/2014		31

The accompanying notes are an integral part of these financial statements.

6

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Short-Term Investments - 16.3% - (continued)
Repurchase Agreements- 7.4% - (continued)
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $322, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $329)
$	322	0.08%, 10/31/2014			$	322
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $625, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $637)
	625	0.10%, 10/31/2014				625
						1,876
		Total Short-Term Investments
		(Cost $4,126)			$	4,125
		Total Investments Excluding Purchased Options
		(Cost $24,424)	96.4	%	$	24,337
		Total Purchased Options
		(Cost $56)	0.2	%		55
		Total Investments
		(Cost $24,480) ▲	96.6	%	$	24,392
		Other Assets and Liabilities	3.4	%		845
		Total Net Assets	100.0	%	$	25,237

The accompanying notes are an integral part of these financial statements.

7

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease.

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $24,482 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	81
Unrealized Depreciation		(171	)
Net Unrealized Depreciation	$	(90	)

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

○ The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $1,478, which represents 5.9% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $583, which represents 2.3% of total net assets.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

Є This security, or a portion of this security, has been pledged as collateral in connection with centrally cleared swap contracts.

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
Futures contracts	$	458	$	–
Total	$	458	$	–

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Paid by Fund		Unrealized Appreciation (Depreciation)
Purchased Option contracts:
Calls
CMS Spread Option CMS10/CMS5	BOA	IR	0.76 USD	11/03/14	USD	4,390,000	$	–	$	3	$	(3	)
EUR Call/USD Put	GSC	FX	1.29 USD per EUR	04/15/15	EUR	255,000		2		6		(4	)
USD Call/CAD Put æ	JPM	FX	1.11 CAD per USD	01/22/15	USD	11,000		8		2		6
USD Call/CHF Put И	CBK	FX	1.10 USD per CHF	07/02/15	USD	36,000		4		5		(1	)
USD Call/CHF Put Ҹ	CBK	FX	1.10 USD per CHF	07/02/15	USD	18,000		2		2		–
USD Call/CNH Put	SCB	FX	6.50 CNH per USD	04/16/15	USD	717,000		1		5		(4	)
USD Call/CNY Put	JPM	FX	6.30 CNY per USD	06/15/15	USD	580,000		2		3		(1	)
Total Calls						6,007,000	$	19	$	26	$	(7	)
Puts
AUD Put/NZD Call	UBS	FX	1.08 NZD per AUD	04/01/15	AUD	393,000	$	1	$	2	$	(1	)
AUD Put/NZD Call ₡	JPM	FX	1.08 NZD per AUD	04/01/15	AUD	14,000		2		3		(1	)
EUR Put/USD Call	JPM	FX	1.26 USD per EUR	03/05/15	EUR	401,000		11		4		7

The accompanying notes are an integral part of these financial statements.

8

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Option Contracts Outstanding at October 31, 2014 - (continued)

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Paid by Fund		Unrealized Appreciation (Depreciation)
Purchased Option contracts: - (continued)
Puts - (continued)
EUR Put/USD Call	GSC	FX	1.25 USD per EUR	11/04/14	EUR	19,001	$	10	$	4	$	6
GBP Put/USD Call	GSC	FX	1.60 USD per GBP	03/19/15	GBP	159,000		4		2		2
GBP Put/USD Call ₪	JPM	FX	1.50 USD per GBP	07/01/15	GBP	26,000		5		6		(1	)
SGD Put/JPY Call	GSC	FX	83.00 JPY per SGD	01/08/15	SGD	457,000		–		2		(2	)
USD Put/CHF Call	JPM	FX	0.93 CHF per USD	04/15/15	USD	304,000		3		6		(3	)
Total Puts						1,773,001	$	36	$	29	$	7
Total purchased option contracts						7,780,001	$	55	$	55	$	–

* The number of contracts does not omit 000's.

æ This security has limitations. If the CAD per USD exchange rate is greater than or equal to 1.11 at expiration date, the Fund will receive the equivalent of par on the number of contracts traded.

И This security has limitations. If the USD per CHF exchange rate is greater than or equal to 1.10 at expiration date, the Fund will receive the equivalent of par on the number of contracts traded.

₡ This security has limitations. If the NZD per AUD exchange rate is greater than or equal to 1.08 at expiration date, the Fund will receive the equivalent of par on the number of contracts traded.

₪ This security has limitations. If the USD per GBP exchange rate is greater than or equal to 1.50 at expiration date, the Fund will receive the equivalent of par on the number of contracts traded.

OTC Swaption Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate			Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased swaption contracts:
Puts
Credit Default Swaption CDX.NA.IG.23	CSI	CR		0.75	%	11/19/14	USD	1,200,000	$	–	$	1	$	(1	)
Written swaption contracts:
Calls
Credit Default Swaption CDX.NA.IG.23	CSI	CR		0.65	%	11/19/14	USD	1,200,000	$	2	$	1	$	(1	)

* The number of contracts does not omit 000's.

Δ For purchased swaptions, premiums are paid by the Fund, for written swaptions, premiums are received.

Futures Contracts Outstanding at October 31, 2014

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
Australian 10-Year Bond Future		6	12/15/2014	$	647	$	648	$	1	$	–		$	2	$	–
Australian 3-Year Bond Future		39	12/15/2014		3,766		3,769		3		–			4		–
U.S. Treasury 10-Year Note Future		139	12/19/2014		17,744		17,564		–		(180	)		–		(37	)
U.S. Treasury 5-Year Note Future		19	12/31/2014		2,279		2,269		–		(10	)		–		(3	)
U.S. Treasury Long Bond Future		1	12/19/2014		141		141		–		–			1		–
Total								$	4	$	(190	)	$	7	$	(40	)

The accompanying notes are an integral part of these financial statements.

9

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts Outstanding at October 31, 2014 - (continued)

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Short position contracts:
Euro BUXL 30-Year Bond Future		3	12/08/2014	$	543	$	546	$	–	$	(3	)	$	2	$	–
Euro-BTP Future		2	12/08/2014		323		327		–		(4	)		–		(10	)
Euro-BUND Future		19	12/08/2014		3,590		3,593		–		(3	)		–		(1	)
Japan 10-Year Mini Bond Future		22	12/10/2014		2,852		2,872		–		(20	)		–		(2	)
Long Gilt Future		46	12/29/2014		8,541		8,470		71		–			16		–
U.S. Treasury 2-Year Note Future		2	12/31/2014		438		439		–		(1	)		–		–
U.S. Treasury Long Bond Future		1	12/19/2014		142		141		1		–			–		–
Total								$	72	$	(31	)	$	18	$	(13	)
Total futures contracts								$	76	$	(221	)	$	25	$	(53	)

* The number of contracts does not omit 000's.

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

	Counter-	Notional	(Pay)/ Receive Fixed Rate/ Implied			Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)	Credit Spread (b)			Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices:
Buy protection:
ABX.HE.AA.06-1	JPM	USD 19		(0.32	)%	07/25/45	$	5	$	–		$	4		$	–	$	(1	)
ABX.HE.AAA.06-1	JPM	USD 30		(0.18	)%	07/25/45		1		–			1			–		–
ABX.HE.AAA.06-2	BOA	USD 181		(0.11	)%	05/25/46		38		–			36			–		(2	)
ABX.HE.AAA.07-1	GSC	USD 25		(0.09	)%	08/25/37		7		–			7			–		–
ABX.HE.AAA.07-1	MSC	USD 59		(0.09	)%	08/25/37		14		–			15			1		–
ABX.HE.PENAAA.06-2	JPM	USD 157		(0.11	)%	05/25/46		22		–			22			–		–
CMBX.NA.A.7	JPM	USD 65		(2.00	)%	01/17/47		–		(1	)		–			1		–
CMBX.NA.AA.2	CSI	USD 38		(0.15	)%	03/15/49		11		–			12			1		–
CMBX.NA.AA.2	DEUT	USD 124		(0.15	)%	03/15/49		44		–			40			–		(4	)
CMBX.NA.AA.2	MSC	USD 158		(0.15	)%	03/15/49		58		–			51			–		(7	)
CMBX.NA.AA.7	CSI	USD 180		(1.50	)%	01/17/47		–		–			–			–		–
CMBX.NA.AA.7	CSI	USD 60		(1.50	)%	01/17/47		–		(1	)		–			1		–
CMBX.NA.AA.7	MSC	USD 65		(1.50	)%	01/17/47		–		–			–			–		–
CMBX.NA.AJ.1	CSI	USD 90		(0.84	)%	10/12/52		5		–			2			–		(3	)
CMBX.NA.AJ.2	CSI	USD 84		(1.09	)%	03/15/49		13		–			7			–		(6	)
CMBX.NA.AJ.2	DEUT	USD 104		(1.09	)%	03/15/49		10		–			9			–		(1	)
CMBX.NA.AJ.4	CBK	USD 50		(0.96	)%	02/17/51		10		–			10			–		–
CMBX.NA.AJ.4	CSI	USD 70		(0.96	)%	02/17/51		14		–			14			–		–
CMBX.NA.AJ.4	CSI	USD 115		(0.96	)%	02/17/51		28		–			22			–		(6	)
CMBX.NA.AJ.4	DEUT	USD 70		(0.96	)%	02/17/51		14		–			14			–		–
CMBX.NA.AJ.4	GSC	USD 50		(0.96	)%	02/17/51		9		–			10			1		–
CMBX.NA.AJ.4	JPM	USD 10		(0.96	)%	02/17/51		2		–			2			–		–
CMBX.NA.AJ.4	MSC	USD 60		(0.96	)%	02/17/51		12		–			12			–		–
CMBX.NA.AM.2	CSI	USD 365		(0.50	)%	03/15/49		24		–			5			–		(19	)
CMBX.NA.AM.4	GSC	USD 55		(0.50	)%	02/17/51		4		–			2			–		(2	)
CMBX.NA.AS.6	CSI	USD 135		(1.00	)%	05/11/63		2		–			1			–		(1	)
CMBX.NA.AS.7	CBK	USD 60		(1.00	)%	01/17/47		1		–			1			–		–
CMBX.NA.AS.7	CSI	USD 85		(1.00	)%	01/17/47		2		–			1			–		(1	)
ITRAXX.SUB.FIN.21	DEUT	EUR 140		(1.00	)%	06/20/19		–		(2	)		(3	)		–		(1	)
Total							$	350	$	(4	)	$	297		$	5	$	(54	)
Sell protection:
CMBX.NA.A.2	BOA	USD 36		0.25	%	03/15/49	$	–	$	(22	)	$	(24	)	$	–	$	(2	)
CMBX.NA.AAA.6	CSI	USD 820		0.50	%	05/11/63		–		(24	)		(16	)		8		–
CMBX.NA.AAA.6	DEUT	USD 260		0.50	%	05/11/63		–		(6	)		(5	)		1		–
CMBX.NA.AAA.6	JPM	USD 50		0.50	%	05/11/63		–		(2	)		(1	)		1		–

The accompanying notes are an integral part of these financial statements.

10

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014 - (continued)

	Counter-	Notional	(Pay)/ Receive Fixed Rate/ Implied		Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)	Credit Spread (b)		Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices: - (continued)
Sell protection: - (continued)
CMBX.NA.BB.6	CSI	USD 380		5.00%	05/11/63	$	–	$	(16	)	$	–		$	16	$	–
CMBX.NA.BB.6	CSI	USD 147		5.00%	05/11/63		2		–			–			–		(2	)
CMBX.NA.BB.6	CSI	USD 15		5.00%	05/11/63		–		–			–			–		–
CMBX.NA.BB.7	BOA	USD 55		5.00%	01/17/47		–		(2	)		(2	)		–		–
CMBX.NA.BB.7	CBK	USD 10		5.00%	01/17/47		–		–			–			–		–
CMBX.NA.BB.7	CSI	USD 150		5.00%	01/17/47		–		(6	)		(3	)		3		–
CMBX.NA.BB.7	DEUT	USD 50		5.00%	01/17/47		–		(1	)		(1	)		–		–
CMBX.NA.BB.7	GSC	USD 85		5.00%	01/17/47		–		(5	)		(2	)		3		–
CMBX.NA.BBB-.7	CSI	USD 35		3.00%	01/17/47		–		(2	)		(1	)		1		–
CMBX.NA.BBB-.7	UBS	USD 45		3.00%	01/17/47		–		(3	)		(1	)		2		–
PrimeX.ARM.2	MSC	USD 5		4.58%	12/25/37		–		–			–			–		–
PrimeX.ARM.2	MSC	USD 118		4.58%	12/25/37		3		–			4			1		–
PrimeX.FRM.1	MSC	USD 15		4.42%	07/25/36		2		–			2			–		–
Total						$	7	$	(89	)	$	(50	)	$	36	$	(4	)
Total traded indices						$	357	$	(93	)	$	247		$	41	$	(58	)
Credit default swaps on single-name issues:
Buy protection:
Ally Financial, Inc.	MSC	USD 30		(5.00)% / (1.55)%	12/20/19	$	–	$	(5	)	$	(5	)	$	–	$	–
First Data Corp.	MSC	USD 100		(5.00)% / (1.65)%	09/20/17		–		(8	)		(9	)		–		(1	)
Freescale Semiconductors, Inc.	JPM	USD 75		(5.00)% / (1.65)%	12/20/17		–		(8	)		(8	)		–		–
Freescale Semiconductors, Inc.	JPM	USD 25		(5.00)% / (1.65)%	12/20/17		–		(2	)		(3	)		–		(1	)
Ryland Group, Inc.	DEUT	USD 75		(5.00)% / (1.26)%	09/20/17		–		(7	)		(8	)		–		(1	)
Ryland Group, Inc.	DEUT	USD 50		(5.00)% / (1.34)%	12/20/17		–		(6	)		(6	)		–		–
Telefonica S.A.	CSI	EUR 60		(1.00)% / (0.85)%	06/20/19		1		–			–			–		(1	)
Tenet Healthcare Corp.	MSC	USD 50		(5.00)% / (1.39)%	12/20/17		–		(4	)		(5	)		–		(1	)
Total						$	1	$	(40	)	$	(44	)	$	–	$	(5	)
Sell protection:
First Data Corp.	JPM	USD 100		5.00% / 3.45%	12/20/19	$	6	$	–		$	7		$	1	$	–
Freescale Semiconductors, Inc.	GSC	USD 40		5.00% / 3.25%	12/20/19		4		–			4			–		–
Freescale Semiconductors, Inc.	JPM	USD 25		5.00% / 3.25%	12/20/19		1		–			2			1		–
Freescale Semiconductors, Inc.	JPM	USD 85		5.00% / 3.25%	12/20/19		7		–			7			–		–
Gannett Co., Inc.	GSC	USD 50		5.00% / 2.18%	12/20/19		6		–			6			–		–
Koninklijke KPN, N.V.	CSI	EUR 60		1.00% / 0.87%	06/20/19		–		(1	)		–			1		–
Liberty Interactive LLC	GSC	USD 50		5.00% / 2.40%	12/20/19		5		–			6			1		–
Rite Aid Corp.	GSC	USD 15		5.00% / 3.41%	12/20/19		1		–			1			–		–
Ryland Group, Inc.	DEUT	USD 75		5.00% / 2.52%	09/20/19		6		–			8			2		–
Ryland Group, Inc.	DEUT	USD 50		5.00% / 2.64%	12/20/19		5		–			6			1		–
Tenet Healthcare Corp.	MSC	USD 50		5.00% / 2.72%	12/20/19		3		–			5			2		–
Total						$	44	$	(1	)	$	52		$	9	$	–
Total single-name issues						$	45	$	(41	)	$	8		$	9	$	(5	)
						$	402	$	(134	)	$	255		$	50	$	(63	)

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

The accompanying notes are an integral part of these financial statements.

11

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

Clearing

Notional

(Pay)/ Receive Fixed

Expiration

Market

Unrealized Appreciation/ (Depreciation)

Variation Margin

Reference Entity

House (a)

Amount (b)

Rate

Date

Cost Basis

Value ╪

Asset

Liability

Asset

Liability

Credit default swaps on indices:

Buy protection:

CDX.NA.HY.22

CME

USD 15

(5.00

)%

06/20/19

$

(1

)

$

(1

)

$

–

$

–

$

–

$

–

(a)	The FCM to the contracts is GSC.
(b)	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

OTC Interest Rate Swap Contracts Outstanding at October 31, 2014

Payments made

Payments received

Notional

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Counterparty

by Fund

by Fund

Amount

Date

Paid

Received

Value ╪

Asset

Liability

CBK

6M WIBOR PLN

1.66% Fixed

PLN

865

12/17/16

$

–

$

–

$

–

$

–

$

–

DEUT

KRW CD KSDA

2.36% Fixed

KRW

280,240

12/17/19

–

–

2

2

–

DEUT

KRW CD KSDA

2.41% Fixed

KRW

585,235

12/17/19

–

–

5

5

–

DEUT

KRW CD KSDA

2.51% Fixed

KRW

202,900

12/17/19

–

–

3

3

–

DEUT

KRW CD KSDA

2.76% Fixed

KRW

99,620

12/17/24

–

–

2

2

–

DEUT

KRW CD KSDA

2.85% Fixed

KRW

262,995

12/17/24

–

–

8

8

–

JPM

6M WIBOR PLN

1.67% Fixed

PLN

850

12/17/16

–

–

–

–

–

JPM

KRW CD KSDA

2.21% Fixed

KRW

210,185

12/17/19

–

–

–

–

–

JPM

KRW CD KSDA

2.39% Fixed

KRW

467,075

12/17/19

–

–

3

3

–

JPM

KRW CD KSDA

2.51% Fixed

KRW

200,650

12/17/19

–

–

3

3

–

JPM

KRW CD KSDA

2.60% Fixed

KRW

744,685

12/17/19

–

–

13

13

–

Total

$

–

$

–

$

39

$

39

$

–

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2014

Clearing	Payments made	Payments received	Notional		Expiration	Upfront Premiums Paid		Market			Unrealized Appreciation/ (Depreciation)					Variation Margin
House (a)	by Fund	by Fund	Amount		Date	(Received)		Value ╪			Asset		Liability			Asset		Liability
LCH	6M EURIBOR	2.00% Fixed	EUR	500	12/18/24	$	3	$	7		$	4	$	–		$	–	$	–
LCH	6M GBP LIBOR	2.13% Fixed	GBP	815	12/21/18		–		(1	)		–		(1	)		–		(1	)
LCH	6M GBP LIBOR	2.34% Fixed	GBP	1,385	12/18/20		–		(7	)		–		(7	)		–		–
LCH	6M GBP LIBOR	2.45% Fixed	GBP	11,535	12/21/18		75		96			21		–			–		(13	)
LCH	6M GBP LIBOR	2.53% Fixed	GBP	1,380	12/18/20		–		(4	)		–		(4	)		–		(1	)
Total						$	78	$	91		$	25	$	(12	)	$	–	$	(15	)

(a) The FCM to the contracts is GSC.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/28/2014

BOA

$

206

$

204

$

–

$

(2

)

AUD

Buy

11/28/2014

GSC

22

22

–

–

AUD

Buy

11/28/2014

JPM

152

152

–

–

AUD

Buy

11/28/2014

JPM

179

178

–

(1

)

AUD

Buy

11/28/2014

NAB

22

22

–

–

AUD

Sell

11/28/2014

CBA

101

101

–

–

AUD

Sell

11/28/2014

NAB

1,164

1,170

–

(6

)

AUD

Sell

11/28/2014

UBS

22

22

–

–

BRL

Buy

11/04/2014

GSC

22

22

–

–

The accompanying notes are an integral part of these financial statements.

12

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

BRL

Buy

11/04/2014

UBS

$

14

$

14

$

–

$

–

BRL

Buy

11/04/2014

UBS

106

105

–

(1

)

BRL

Buy

12/02/2014

UBS

23

22

–

(1

)

BRL

Sell

11/04/2014

SCB

82

81

1

–

BRL

Sell

11/04/2014

UBS

62

60

2

–

BRL

Sell

12/02/2014

UBS

114

112

2

–

CAD

Buy

11/28/2014

BMO

27

27

–

–

CAD

Buy

11/28/2014

BOA

27

27

–

–

CAD

Buy

11/28/2014

RBC

106

105

–

(1

)

CAD

Sell

11/28/2014

BOA

27

27

–

–

CHF

Buy

11/28/2014

HSBC

76

75

–

(1

)

CHF

Sell

11/28/2014

HSBC

229

227

2

–

CLP

Buy

11/28/2014

UBS

35

36

1

–

CLP

Sell

11/28/2014

BNP

25

25

–

–

CNH

Buy

11/28/2014

JPM

23

23

–

–

CNH

Sell

11/28/2014

HSBC

222

222

–

–

COP

Sell

11/28/2014

UBS

31

31

–

–

DKK

Sell

11/17/2014

BOA

1,063

977

86

–

EUR

Buy

11/28/2014

BCLY

185

182

–

(3

)

EUR

Buy

11/28/2014

CBA

300

296

–

(4

)

EUR

Buy

11/28/2014

DEUT

145

143

–

(2

)

EUR

Buy

11/28/2014

HSBC

76

75

–

(1

)

EUR

Buy

11/28/2014

JPM

31

31

–

–

EUR

Buy

11/28/2014

JPM

72

71

–

(1

)

EUR

Buy

11/28/2014

UBS

154

153

–

(1

)

EUR

Buy

11/28/2014

WEST

109

108

–

(1

)

EUR

Sell

11/28/2014

GSC

44

44

–

–

EUR

Sell

11/28/2014

JPM

1,875

1,856

19

–

GBP

Buy

11/28/2014

BOA

102

101

–

(1

)

GBP

Buy

11/28/2014

CBK

29

29

–

–

GBP

Buy

11/28/2014

SSG

302

299

–

(3

)

GBP

Sell

11/28/2014

BOA

101

101

–

–

GBP

Sell

11/28/2014

CBK

953

952

1

–

GBP

Sell

11/28/2014

HSBC

150

150

–

–

GBP

Sell

11/28/2014

UBS

16

16

–

–

HUF

Buy

11/28/2014

BCLY

17

17

–

–

HUF

Sell

11/28/2014

JPM

17

17

–

–

ILS

Buy

11/28/2014

GSC

25

25

–

–

ILS

Sell

11/28/2014

JPM

33

33

–

–

INR

Sell

11/28/2014

JPM

34

34

–

–

JPY

Buy

11/28/2014

BCLY

21

20

–

(1

)

JPY

Buy

11/28/2014

JPM

44

44

–

–

JPY

Buy

11/28/2014

RBS

1,386

1,333

–

(53

)

JPY

Sell

11/28/2014

BCLY

21

20

1

–

JPY

Sell

11/28/2014

JPM

295

295

–

–

JPY

Sell

11/28/2014

RBS

30

29

1

–

KRW

Sell

11/28/2014

BCLY

100

99

1

–

KRW

Sell

11/28/2014

BNP

32

32

–

–

KRW

Sell

11/28/2014

HSBC

1,436

1,421

15

–

MXN

Buy

11/28/2014

MSC

33

33

–

–

MXN

Buy

11/28/2014

MSC

25

25

–

–

MXN

Sell

11/28/2014

BCLY

25

25

–

–

MXN

Sell

11/28/2014

MSC

304

306

–

(2

)

MXN

Sell

11/28/2014

UBS

25

25

–

–

MYR

Sell

11/28/2014

HSBC

61

61

–

–

NOK

Buy

11/28/2014

GSC

19

19

–

–

NOK

Buy

11/28/2014

JPM

101

101

–

–

NOK

Sell

11/28/2014

CBK

108

105

3

–

NOK

Sell

11/28/2014

JPM

19

19

–

–

The accompanying notes are an integral part of these financial statements.

13

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

NOK

Sell

11/28/2014

JPM

$

46

$

46

$

–

$

–

NOK

Sell

11/28/2014

MSC

2

2

–

–

NZD

Buy

11/28/2014

BCLY

20

19

–

(1

)

NZD

Buy

11/28/2014

JPM

218

218

–

–

NZD

Sell

11/28/2014

BOA

99

99

–

–

NZD

Sell

11/28/2014

JPM

302

300

2

–

NZD

Sell

11/28/2014

MSC

100

99

1

–

NZD

Sell

11/28/2014

NAB

39

39

–

–

NZD

Sell

11/28/2014

WEST

1,462

1,448

14

–

PEN

Sell

11/28/2014

UBS

56

56

–

–

PLN

Buy

11/28/2014

JPM

202

200

–

(2

)

PLN

Buy

11/28/2014

UBS

25

25

–

–

PLN

Sell

11/28/2014

BCLY

25

25

–

–

PLN

Sell

11/28/2014

HSBC

258

256

2

–

RUB

Sell

11/28/2014

HSBC

82

79

3

–

RUB

Sell

11/28/2014

JPM

21

20

1

–

SEK

Buy

11/28/2014

CSFB

435

427

–

(8

)

SEK

Sell

11/28/2014

BCLY

26

26

–

–

SEK

Sell

11/28/2014

BOA

116

115

1

–

SEK

Sell

11/28/2014

JPM

15

15

–

–

SEK

Sell

11/28/2014

SSG

303

300

3

–

SGD

Buy

11/28/2014

HSBC

8

8

–

–

SGD

Sell

11/28/2014

HSBC

307

304

3

–

TRY

Buy

11/28/2014

BCLY

33

33

–

–

TRY

Buy

11/28/2014

BOA

207

206

–

(1

)

TRY

Buy

11/28/2014

CBK

40

40

–

–

TRY

Buy

11/28/2014

GSC

22

22

–

–

TRY

Buy

11/28/2014

UBS

13

13

–

–

TRY

Sell

11/28/2014

CBK

205

206

–

(1

)

TWD

Sell

11/28/2014

HSBC

58

58

–

–

ZAR

Buy

11/28/2014

CBK

10

10

–

–

ZAR

Sell

11/28/2014

BCLY

15

15

–

–

ZAR

Sell

11/28/2014

DEUT

131

129

2

–

Total

$

167

$

(99

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

14

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BMO	Bank of Montreal
BNP	BNP Paribas Securities Services
BOA	Banc of America Securities LLC
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
CME	Chicago Mercantile Exchange
CSFB	Credit Suisse First Boston Corp.
CSI	Credit Suisse International
DEUT	Deutsche Bank Securities, Inc.
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
JPM	JP Morgan Chase & Co.
LCH	LCH Clearnet
MSC	Morgan Stanley
NAB	National Australia Bank Limited
RBC	RBC Dominion Securities, Inc.
RBS	RBS Greenwich Capital
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CLP	Chilean Peso
CNH	Chinese Yuan Renminbi - Hong Kong
CNY	Chinese Yuan Renminbi
COP	Colombian Peso
DKK	Danish Krone
EUR	EURO
GBP	British Pound
HUF	Hungarian Forint
ILS	Israeli New Shekel
INR	Indian Rupee
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican New Peso
MYR	Malaysian Ringgit
NOK	Norwegian Krone
NZD	New Zealand Dollar
PEN	Peruvian New Sol
PLN	Polish New Zloty
RUB	Russian New Ruble
SEK	Swedish Krona
SGD	Singapore Dollar
TRY	Turkish New Lira
TWD	Taiwan Dollar
USD	U.S. Dollar
ZAR	South African Rand
Index Abbreviations:
ABX.HE	Markit Asset Backed Security Home Equity
ABX.HE.PEN	Markit Asset Backed Security Home Equity Penultimate
CDX.NA.HY	Credit Derivatives North American High Yield
CDX.NA.IG	Credit Derivatives North American Investment Grade
CMBX.NA	Markit Commercial Mortgage Backed North American
ITRAXX.SUB.FIN	Markit iTraxx - Europe Sub Financials
PrimeX.ARM	Markit PrimeX Adjustable Rate Mortgage Backed Security
PrimeX.FRM	Markit PrimeX Fixed Rate Mortgage Backed Security
Other Abbreviations:
CD	Certificate of Deposit
CLO	Collateralized Loan Obligation
CMS	Constant Maturity Swap
CR	Credit
EURIBOR	Euro Interbank Offered Rate
FHLB	Federal Home Loan Bank
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
IR	Interest Rate
KSDA	Korea Securities Dealers Association
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
WIBOR	Warsaw Interbank Offered Rate

The accompanying notes are an integral part of these financial statements.

15

The Hartford Global Alpha Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	1,111	$	–	$	1,024	$	87
Corporate Bonds		2,302		–		2,302		–
Foreign Government Obligations		1,375		–		1,375		–
U.S. Government Securities		15,424		–		15,424		–
Short-Term Investments		4,125		–		4,125		–
Purchased Options		55		–		55		–
Total	$	24,392	$	–	$	24,305	$	87
Foreign Currency Contracts *	$	167	$	–	$	167	$	–
Futures *		76		76		–		–
Swaps - Credit Default *		50		–		50		–
Swaps - Interest Rate *		64		–		64		–
Total	$	357	$	76	$	281	$	–
Liabilities:
Written Options		2		–		2		–
Total	$	2	$	–	$	2	$	–
Foreign Currency Contracts *	$	99	$	–	$	99	$	–
Futures *		221		221		–		–
Swaps - Credit Default *		63		–		63		–
Swaps - Interest Rate *		12		–		12		–
Total	$	395	$	221	$	174	$	–

♦ For the year ended October 31, 2014, investments valued at $673 were transferred from Level 1 to Level 2, and there were no transfers from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	196	$	25	$	(15	)†	$	4	$	85	$	(109	)	$	—	$	(99	)	$	87
Total	$	196	$	25	$	(15	)	$	4	$	85	$	(109	)	$	—	$	(99	)	$	87

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $5.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

16

The Hartford Global Alpha Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $24,480)	$	24,392
Cash		468	*
Foreign currency on deposit with custodian (cost $6)		6
Unrealized appreciation on foreign currency contracts		167
Unrealized appreciation on OTC swap contracts		89
Receivables:
Investment securities sold		11
Fund shares sold		5
Interest		134
Variation margin on financial derivative instruments		25
OTC swap premiums paid		402
Other assets		10
Total assets		25,709
Liabilities:
Unrealized depreciation on foreign currency contracts		99
Unrealized depreciation on OTC swap contracts		63
Payables:
Investment securities purchased		—
Fund shares redeemed		87
Investment management fees		2
Administrative fees		—
Distribution fees		1
Variation margin on financial derivative instruments		68
Accrued expenses		15
OTC swap premiums received		134
Written option contracts (proceeds $1)		2
Other liabilities		1
Total liabilities		472
Net assets	$	25,237
Summary of Net Assets:
Capital stock and paid-in-capital	$	26,013
Net investment loss		(29	)
Accumulated net realized loss		(620	)
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(127	)
Net assets	$	25,237

*   Cash of $458 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

17

The Hartford Global Alpha Fund

Statement of Assets and Liabilities – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		450,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.49/$10.04
Shares outstanding		500
Net assets	$	4,747
Class C: Net asset value per share	$	9.36
Shares outstanding		207
Net assets	$	1,941
Class I: Net asset value per share	$	9.54
Shares outstanding		258
Net assets	$	2,460
Class R3: Net asset value per share	$	9.42
Shares outstanding		200
Net assets	$	1,883
Class R4: Net asset value per share	$	9.47
Shares outstanding		200
Net assets	$	1,894
Class R5: Net asset value per share	$	9.52
Shares outstanding		200
Net assets	$	1,905
Class Y: Net asset value per share	$	9.54
Shares outstanding		1,091
Net assets	$	10,407

The accompanying notes are an integral part of these financial statements.

18

The Hartford Global Alpha Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Interest	$	274
Less: Foreign tax withheld		(12	)
Total investment income		262
Expenses:
Investment management fees		194
Administrative services fees
Class R3		4
Class R4		3
Class R5		2
Transfer agent fees
Class A		1
Class C		—
Class I		—
Class R5		—
Class Y		—
Distribution fees
Class A		15
Class C		20
Class R3		10
Class R4		5
Custodian fees		12
Accounting services fees		7
Registration and filing fees		97
Board of Directors' fees		1
Audit fees		11
Other expenses		12
Total expenses (before fees paid indirectly)		394
Custodian fee offset		—
Total fees paid indirectly		—
Total expenses, net		394
Net Investment Loss		(132	)
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		333
Net realized loss on purchased option contracts		(95	)
Net realized loss on TBA sale transactions		(40	)
Net realized loss on futures contracts		(405	)
Net realized gain on written option contracts		25
Net realized loss on swap contracts		(127	)
Net realized gain on foreign currency contracts		248
Net realized gain on other foreign currency transactions		51
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(10	)
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(220	)
Net unrealized appreciation of purchased option contracts		26
Net unrealized appreciation of futures contracts		91
Net unrealized depreciation of written option contracts		(9	)
Net unrealized appreciation of swap contracts		174
Net unrealized depreciation of foreign currency contracts		(34	)
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(25	)
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		3
Net Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(7	)
Net Decrease in Net Assets Resulting from Operations	$	(139	)

The accompanying notes are an integral part of these financial statements.

19

The Hartford Global Alpha Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Period December 14, 2012* through October 31, 2013
Operations:
Net investment loss	$	(132	)	$	(211	)
Net realized loss on investments, other financial instruments and foreign currency transactions		(10	)		(985	)
Net unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		3			(130	)
Net Decrease in Net Assets Resulting from Operations		(139	)		(1,326	)
Capital Share Transactions:
Class A		(2,609	)		7,692
Class C		(7	)		2,081
Class I		413			2,156
Class R3		—			2,000
Class R4		—			2,000
Class R5		—			2,000
Class Y		(4,022	)		14,998
Net increase (decrease) from capital share transactions		(6,225	)		32,927
Net Increase (Decrease) in Net Assets		(6,364	)		31,601
Net Assets:
Beginning of period		31,601			—
End of period	$	25,237		$	31,601
Undistributed (distributions in excess of) net investment income	$	(29	)	$	(678	)

* Commencement of operations.

The accompanying notes are an integral part of these financial statements.

20

The Hartford Global Alpha Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Global Alpha Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge. All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity

21

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at

22

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net

23

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund had no when-issued or delayed-delivery investments as of October 31, 2014.

24

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund had no open TBA commitments or dollar rolls as of October 31, 2014.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund had no inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in

25

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014.

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

26

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Fund, as shown on the Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:
Call Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		549,000		$	12
Written		2,125,013			4
Expired		(549,000	)		(12	)
Closed		(925,013	)		(3	)
Exercised		—			—
End of period		1,200,000		$	1

Put Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		74		$	5
Written		565,000			6
Expired		(565,074	)		(11	)
Closed		—			—
Exercised		—			—
End of period		—		$	—

 * The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared

27

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund, as shown on the Schedule of Investments, had outstanding interest rate swap contracts as of October 31, 2014.

28

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	—	$	55	$	—	$	—	$	—	$	—	$	55
Unrealized appreciation on foreign currency contracts		—		167		—		—		—		—		167
Unrealized appreciation on OTC swap contracts		39		—		50		—		—		—		89
Variation margin receivable *		25		—		—		—		—		—		25
Total	$	64	$	222	$	50	$	—	$	—	$	—	$	336
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	99	$	—	$	—	$	—	$	—	$	99
Unrealized depreciation on OTC swap contracts		—		—		63		—		—		—		63
Variation margin payable *		68		—		—		—		—		—		68
Written option contracts, market value		—		—		2		—		—		—		2
Total	$	68	$	99	$	65	$	—	$	—	$	—	$	232

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative depreciation of $(145) and open centrally cleared swaps net cumulative appreciation of $13 as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts			Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on purchased option contracts	$	(25	)	$	(71	)	$	1		$	—	$	—	$	—	$	(95	)
Net realized loss on futures contracts		(405	)		—			—			—		—		—		(405	)
Net realized gain on written option contracts		12			12			1			—		—		—		25
Net realized loss on swap contracts		(82	)		—			(45	)		—		—		—		(127	)
Net realized gain on foreign currency contracts		—			248			—			—		—		—		248
Total	$	(500	)	$	189		$	(43	)	$	—	$	—	$	—	$	(354	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of purchased option contracts	$	—		$	27		$	(1	)	$	—	$	—	$	—	$	26
Net change in unrealized appreciation of futures contracts		91			—			—			—		—		—		91
Net change in unrealized appreciation (depreciation) of written option contracts		2			(10	)		(1	)		—		—		—		(9	)
Net change in unrealized appreciation of swap contracts		118			—			56			—		—		—		174
Net change in unrealized depreciation of foreign currency contracts		—			(34	)		—			—		—		—		(34	)
Total	$	211		$	(17	)	$	54		$	—	$	—	$	—	$	248

29

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	452	$	(105	)	$	—	$	—	$	347
Futures contracts - variation margin receivable		25		(25	)		—		—		—
Unrealized appreciation on foreign currency contracts		167		(24	)		—		—		143
Total subject to a master netting or similar arrangement	$	644	$	(154	)	$	—	$	—	$	490

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:
	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged			Cash Collateral Pledged			Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	105	$	(105	)	$	—		$	—		$	—
Futures contracts - variation margin payable		53		(25	)		—			(458	)		—
Swaps contracts - variation margin payable		15		—			(263	)		—			—
Unrealized depreciation on foreign currency contracts		99		(24	)		—			—			75
Total subject to a master netting or similar arrangement	$	272	$	(154	)	$	(263	)	$	(458	)	$	75

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension and foreign currency risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield)

30

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Components of Distributable Earnings – The Fund’s components of distributable earnings (deficit) on a tax basis at October 31, 2014, are as follows:

	Amount
Accumulated Capital and Other Losses*	$	(795	)
Unrealized Appreciation†		19
Total Accumulated Deficit	$	(776	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

31

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	781
Accumulated Net Realized Gain (Loss)		(101	)
Capital Stock and Paid-in-Capital		(680	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows:

	Amount
Short-Term Capital Loss Carryforward	$	33
Long-Term Capital Loss Carryforward		698
Total	$	731

During the year ended October 31, 2014, the Fund utilized $178 of prior year short term capital loss carryforwards.

As of October 31, 2014, the Fund elected to defer the following Late-Year Ordinary Losses:
	Amount
Ordinary Income	$	64

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement – Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s

32

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	1.100%
On next $500 million	1.090%
On next $1.5 billion	1.080%
On next $2.5 billion	1.070%
Over $5 billion	1.060%

The Fund’s management fee rate is adjusted based on the Fund’s performance relative to the cumulative investment record of its benchmark index (the Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index) over the Performance Measurement Period. The accrual of this adjustment began in December 2013 and the first payment was made in January 2014. Prior to December 2013, only the base fee rate shown in the table applied.

The Performance Measurement Period is the previous 36 months; however until the Fund has been in operation for 36 months, the Performance Measurement Period equals the time that has elapsed since the Fund’s inception. The management fee rate paid to HFMC by the Fund consists of two components: (1) a base fee calculated by applying the contractual fixed rate of the management fee to the Fund’s average daily net assets during the previous month (“Base Fee Rate”), and (2) a performance fee adjustment (“Performance Adjustment”), calculated by applying a variable rate of up to 0.50% of the Fund’s average daily net assets during the applicable Performance Measurement Period. The Performance Adjustment may either increase the management fee owed to HFMC if the Fund outperforms the benchmark index, or may partially offset the management fee owed to HFMC if the Fund underperforms the benchmark index.

The investment performance of the Fund’s Class A Shares (excluding the frond-end sales load) for the Performance Measurement Period is used to calculate the Performance Adjustment. The Performance Adjustment is equivalent to 25% of the amount by which the Fund outperforms or underperforms the cumulative investment record of its benchmark index plus 1.15%. No Performance Adjustment is applied if the Fund’s investment performance is equal to the cumulative investment record of the Fund’s benchmark index plus 1.15% during the applicable Performance Measurement Period. The Performance Adjustment is calculated monthly in arrears, accrued throughout the month, and paid monthly. For the period December 15, 2013 through October 31, 2014, the Base Fee Rate represented an effective rate (excluding the impact of any expense waivers in effect, if applicable) of 1.10% of the Fund’s average daily net assets before a decrease of $128 (a ratio of 0.44% of the Fund’s average daily net assets) based on the Performance Adjustment. The Performance Adjustment amount is included as a component of the Investment management fees on the Statement of Operations. For more information on management fees, including the Performance Adjustment, please refer to the Fund’s prospectus.

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.025%
On next $5 billion	0.020%
Over $10 billion	0.015%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total

33

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.55%	2.30%	1.30%	1.85%	1.55%	1.25%	1.20%

Fees Paid Indirectly – The Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.44	%
Class C		2.14
Class I		1.13
Class R3		1.83
Class R4		1.53
Class R5		1.23
Class Y		1.15

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $1 and contingent deferred sales charges of zero from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

34

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class A		89	%		17	%
Class C		96			8
Class I		78			8
Class R3		100			8
Class R4		100			8
Class R5		100			8
Class Y		82			34

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	85,036	$	35,281	$	120,317
Sales Proceeds		90,201		40,443		130,644

35

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the period December 14, 2012 (commencement of operations) through October 31, 2013:

	For the Year Ended October 31, 2014										For the Period Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		29		—		(301	)		(272	)		784		—		(12	)		772
Amount	$	280	$	—	$	(2,889	)	$	(2,609	)	$	7,805	$	—	$	(113	)	$	7,692
Class C
Shares		6		—		(7	)		(1	)		208		—		—			208
Amount	$	60	$	—	$	(67	)	$	(7	)	$	2,081	$	—	$	—		$	2,081
Class I
Shares		55		—		(12	)		43			305		—		(90	)		215
Amount	$	525	$	—	$	(112	)	$	413		$	3,045	$	—	$	(889	)	$	2,156
Class R3
Shares		—		—		—			—			200		—		—			200
Amount	$	—	$	—	$	—		$	—		$	2,000	$	—	$	—		$	2,000
Class R4
Shares		—		—		—			—			200		—		—			200
Amount	$	—	$	—	$	—		$	—		$	2,000	$	—	$	—		$	2,000
Class R5
Shares		—		—		—			—			200		—		—			200
Amount	$	2	$	—	$	(2	)	$	—		$	2,000	$	—	$	—		$	2,000
Class Y
Shares		338		—		(760	)		(422	)		1,517		—		(4	)		1,513
Amount	$	3,255	$	—	$	(7,277	)	$	(4,022	)	$	15,034	$	—	$	(36	)	$	14,998
Total
Shares		428		—		(1,080	)		(652	)		3,414		—		(106	)		3,308
Amount	$	4,122	$	—	$	(10,347	)	$	(6,225	)	$	33,965	$	—	$	(1,038	)	$	32,927

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to

36

The Hartford Global Alpha Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

37

The Hartford Global Alpha Fund

Financial Highlights

		- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class		Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
	A	$	9.55	$	(0.05	)	$	(0.01	)	$	(0.06	)	$	–	$	–	$	–	$	9.49		(0.63	)%	$	4,747		1.44	%		1.44	%		(0.53	)%
	C		9.48		(0.12	)		–			(0.12	)		–		–		–		9.36		(1.27	)		1,941		2.14			2.14			(1.25	)
	I		9.57		(0.02	)		(0.01	)		(0.03	)		–		–		–		9.54		(0.31	)		2,460		1.13			1.13			(0.25	)
	R3		9.51		(0.09	)		–			(0.09	)		–		–		–		9.42		(0.95	)		1,883		1.83			1.83			(0.94	)
	R4		9.54		(0.06	)		(0.01	)		(0.07	)		–		–		–		9.47		(0.73	)		1,894		1.53			1.53			(0.64	)
	R5		9.56		(0.03	)		(0.01	)		(0.04	)		–		–		–		9.52		(0.42	)		1,905		1.23			1.23			(0.34	)
	Y		9.57		(0.02	)		(0.01	)		(0.03	)		–		–		–		9.54		(0.31	)		10,407		1.15			1.15			(0.25	)
From December 14, 2012 (commencement of operations), through October 31, 2013
	A(D)	$	10.00	$	(0.08	)	$	(0.37	)	$	(0.45	)	$	–	$	–	$	–	$	9.55		(4.50	)%(E)	$	7,371		1.88	%(F)		1.47	%(F)		(0.90	) %(F)
	C(D)		10.00		(0.14	)		(0.38	)		(0.52	)		–		–		–		9.48		(5.20	)(E)		1,975		2.62	(F)		2.21	(F)		(1.65	)(F)
	I(D)		10.00		(0.06	)		(0.37	)		(0.43	)		–		–		–		9.57		(4.30	)(E)		2,055		1.64	(F)		1.23	(F)		(0.69	)(F)
	R3(D)		10.00		(0.11	)		(0.38	)		(0.49	)		–		–		–		9.51		(4.90	)(E)		1,903		2.32	(F)		1.85	(F)		(1.30	)(F)
	R4(D)		10.00		(0.09	)		(0.37	)		(0.46	)		–		–		–		9.54		(4.60	)(E)		1,908		2.02	(F)		1.55	(F)		(1.00	)(F)
	R5(D)		10.00		(0.06	)		(0.38	)		(0.44	)		–		–		–		9.56		(4.40	)(E)		1,913		1.72	(F)		1.25	(F)		(0.70	)(F)
	Y(D)		10.00		(0.05	)		(0.38	)		(0.43	)		–		–		–		9.57		(4.30	)(E)		14,476		1.61	(F)		1.20	(F)		(0.62	)(F)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Commenced operations on December 14, 2012.

(E) Not annualized.

(F) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		386	%
From December 14, 2012 (commencement of operations) through October 31, 2013		384	(A)

(A) Not annualized.

38

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Global Alpha Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, and the statements of changes in net assets and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Global Alpha Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended and the changes in its net assets and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

 

Minneapolis, Minnesota
December 18, 2014

39

The Hartford Global Alpha Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

40

The Hartford Global Alpha Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

41

The Hartford Global Alpha Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

42

The Hartford Global Alpha Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

43

The Hartford Global Alpha Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	994.80	$	6.56	$	1,000.00	$	1,018.63	$	6.64		1.31	%		184		365
Class C	$	1,000.00	$	990.50	$	10.24	$	1,000.00	$	1,014.92	$	10.36		2.04			184		365
Class I	$	1,000.00	$	995.80	$	5.22	$	1,000.00	$	1,019.97	$	5.29		1.04			184		365
Class R3	$	1,000.00	$	991.60	$	8.68	$	1,000.00	$	1,016.48	$	8.79		1.73			184		365
Class R4	$	1,000.00	$	993.70	$	7.19	$	1,000.00	$	1,018.00	$	7.27		1.43			184		365
Class R5	$	1,000.00	$	994.80	$	5.68	$	1,000.00	$	1,019.51	$	5.75		1.13			184		365
Class Y	$	1,000.00	$	995.80	$	5.25	$	1,000.00	$	1,019.95	$	5.31		1.04			184		365

44

The Hartford Globabl Alpha Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Global Alpha Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

45

The Hartford Globabl Alpha Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

46

The Hartford Globabl Alpha Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile of its expense group, while its actual management fee was in the 1^st quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale although the Board noted that the Fund’s current low asset levels have kept the Fund from fully realizing this benefit. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

47

The Hartford Globabl Alpha Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

48

The Hartford Global Alpha Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early). These risks also apply to the Fund’s investments in U.S. government securities, which may not be guaranteed by the U.S. government.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Foreign Investment, Emerging Markets and Sovereign Debt Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. Sovereign debt investments are subject to credit risk and the risk of default.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Quantitative Analysis Risk: The Fund uses quantitative analysis in its securities selection; securities selected by this method may perform differently from the broader stock market.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

Performance Fee Risk: The use of a Treasury bill index to calculate the Fund’s performance fee could result in the Fund paying higher management fees than if the Fund limited its investments to U.S. Treasury bills and other short-term instruments.

49

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-GLA14 12/14 113978-3 Printed in U.S.A.

HARTFORDFUNDS

HARTFORD GLOBAL
CAPITAL APPRECIATION FUND*   2014 Annual Report *  Prior to March 1, 2014, Hartford Global Capital Appreciation Fund was known as The Hartford Capital Appreciation II Fund. 

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

Hartford Global Capital Appreciation Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	6
Statement of Assets and Liabilities at October 31, 2014	17
Statement of Operations for the Year Ended October 31, 2014	18
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	19
Notes to Financial Statements	20
Financial Highlights	34
Report of Independent Registered Public Accounting Firm	36
Directors and Officers (Unaudited)	37
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	39
Quarterly Portfolio Holdings Information (Unaudited)	39
Federal Tax Information (Unaudited)	40
Expense Example (Unaudited)	41
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	42
Main Risks (Unaudited)	46

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

Hartford Global Capital Appreciation Fund inception 04/29/2005

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks growth of capital.

Performance Overview 4/29/05 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			Since       Inception▲
Global Capital Appreciation A#		9.39	%		14.04	%		9.25	%
Global Capital Appreciation A##		3.37	%		12.76	%		8.60	%
Global Capital Appreciation B#		8.59	%		13.14	%		8.53	%*
Global Capital Appreciation B##		3.59	%		12.89	%		8.53	%*
Global Capital Appreciation C#		8.65	%		13.21	%		8.47	%
Global Capital Appreciation C##		7.65	%		13.21	%		8.47	%
Global Capital Appreciation I#		9.72	%		14.38	%		9.55	%
Global Capital Appreciation R3#		9.27	%		13.82	%		9.10	%
Global Capital Appreciation R4#		9.61	%		14.19	%		9.40	%
Global Capital Appreciation R5#		9.73	%		14.39	%		9.60	%
Global Capital Appreciation Y#		9.83	%		14.50	%		9.71	%
MSCI All Country World Index		8.32	%		11.15	%		7.37	%
Russell 3000 Index		16.07	%		17.01	%		8.60	%

▲ Inception: 04/29/2005

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments.

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses.

The Fund has changed its benchmark from the Russell 3000 Index to the MSCI All Country World Index. Hartford Funds Management Company, LLC believes that the MSCI All Country World Index better reflects the Fund’s revised investment strategy.

MSCI All Country World Index is a free float-adjusted market capitalization index that measures equity market performance in the global developed and emerging markets, consisting of 45 developed and emerging market country indices.

Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.

2

Hartford Global Capital Appreciation Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Global Capital Appreciation Class A		1.25	%		1.30	%
Global Capital Appreciation Class B		2.00	%		2.14	%
Global Capital Appreciation Class C		2.00	%		2.01	%
Global Capital Appreciation Class I		0.98	%		0.98	%
Global Capital Appreciation Class R3		1.35	%		1.58	%
Global Capital Appreciation Class R4		1.05	%		1.27	%
Global Capital Appreciation Class R5		0.95	%		0.99	%
Global Capital Appreciation Class Y		0.87	%		0.87	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Managers
Kent M. Stahl, CFA	David W. Palmer, CFA	Nicolas M. Choumenkovitch
Senior Vice President and Director, Investments and Risk Management	Senior Vice President and Equity Portfolio Manager	Senior Vice President and Equity Portfolio Manager
Gregg R. Thomas, CFA	Frank D. Catrickes, CFA	Saul J. Pannell, CFA
Senior Vice President and Director, Risk Management	Senior Vice President and Equity Portfolio Manager	Senior Vice President and Equity Portfolio Manager
Michael T. Carmen, CFA
Senior Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of the Hartford Global Capital Appreciation Fund returned 9.39%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the MSCI All Country World Index, which returned 8.32% for the same period. The Fund outperformed the 6.64% average return of the Lipper Global Multi-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. Despite these positives, many market participants found ample reason to reassess their risk appetites (i.e., reduce risks), given the strong performance in recent years. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

All ten sectors in the benchmark posted positive returns during the period. Strong performing sectors included Healthcare (+25%), Information Technology (+22%), and Utilities (+15%), while the Telecommunication Services (0%), Energy (+1%) and Materials (+2%) sectors lagged on a relative basis.

Lackluster security selection was the primary driver of the Fund’s relative underperformance during the period. Weak stock selection within the Industrials, Financials, Consumer Discretionary, and Energy sectors more than offset stronger selection in the Information Technology and Healthcare sectors. Sector allocation, a result of the bottom-up stock selection process, contributed to relative returns driven by overweight allocations the Information Technology and Healthcare sectors.

The top contributors to relative performance included SunEdison (Information Technology), Micron Technology (Information Technology), and NXP Semiconductors (Information Technology). Shares of SunEdison, a solar installation company, continued to rise during the period on further appreciation among investors of the

3

Hartford Global Capital Appreciation Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

value of the planned investment in the Yieldco entity, a publicly traded investment vehicle. We believe the solar market is at an inflection point at which costs have come down and growth is returning. The installation market remains fragmented, and we believe this is an opportunity for SunEdison to gain market share. Shares of Micron Technology, a U.S.-based semiconductor manufacturer, rose on improving expectations for demand for the company's products, solid execution, and reported better-than-expected results in the second quarter of 2014. The share price of Netherlands-based semiconductor company NXP Semiconductors moved higher as it continued to maintain its status as a well positioned semiconductor manufacturer. Overall, NXP continued to benefit from a powerful combination of product cycles, structural cost savings, margin expansion, and a competitive advantage in sizable markets such as identification and smart mobile businesses. Top contributors to absolute performance during the period also included Merck (health care).

The top detractors from relative performance during the period included Cobalt International Energy (Energy), Apple (Information Technology), and Rexel (Industrials). Shares of Cobalt International Energy, a U.S.-based oil-focused exploration and production company, declined due to disappointing well test results at multiple wells, uncertainty surrounding the impact of the SEC’s investigation into its Angola operations, and negative investor sentiment for the subsector. Shares of Apple, U.S.-based maker of an interconnected ecosystem of computing and mobile devices, rose after the company posted better-than-expected quarterly earnings and gave solid guidance for the fourth quarter; we owned a position in this stock but were underweight relative to the benchmark which detracted from benchmark-relative results. Rexel is a France-based global distributor of low voltage electrical products. The stock underperformed as margins disappointed and early 2014 earnings came in below consensus due to isolated issues, such as weather conditions in Canada, and a higher weighting in the sales of lower margin products. Japan Display (Information Technology) was also a top detractor from performance on an absolute basis.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We believe the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. After three years of fiscal consolidation it appears that the U.S. expansion will no longer require support of the Fed and we believe policy tightening is on the horizon. Europe is adding layer after layer of central bank accommodation while Japan contemplates extending its quantitative easing program. In the meantime, China continues to use targeted easing measures to maintain growth. We believe that the combined effects of these policy actions will be the primary market driver in coming months. At the end of the period, Information Technology was our top overweight while Financials remained our largest underweight relative to the MSCI All Country World Index.

4

Hartford Global Capital Appreciation Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Diversification by Country

as of October 31, 2014

	Percentage of
Country	Net Assets
Argentina		0.2	%
Australia		0.3
Austria		0.3
Belgium		1.0
Brazil		0.7
Canada		3.1
Cayman Islands		0.1
Chile		0.1
China		6.0
Colombia		0.2
Denmark		0.2
Finland		0.3
France		2.7
Germany		1.3
Greece		0.9
Hong Kong		1.7
India		0.7
Indonesia		0.1
Ireland		0.8
Italy		1.4
Japan		7.9
Jersey		0.1
Luxembourg		0.3
Malaysia		0.2
Mexico		0.4
Netherlands		2.6
New Zealand		0.0
Norway		0.6
Philippines		0.1
Poland		0.1
Russia		0.1
Singapore		0.1
South Africa		0.3
South Korea		0.8
Spain		0.4
Sweden		1.1
Switzerland		2.7
Taiwan		0.5
Thailand		0.4
United Kingdom		6.3
United States		50.4
Short-Term Investments		2.3
Other Assets and Liabilities		0.2
Total		100.0	%

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		11.9	%
Consumer Staples		7.1
Energy		6.5
Financials		14.7
Health Care		13.9
Industrials		12.8
Information Technology		19.3
Materials		5.4
Services		2.7
Utilities		3.2
Total		97.5	%
Short-Term Investments		2.3
Other Assets and Liabilities		0.2
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

5

Hartford Global Capital Appreciation Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.5%
		Automobiles and Components - 0.8%
	36	Bajaj Automotive Ltd.	$	1,541
	690	Chongqing Changan Automobile Co., Ltd. ●		1,525
	21	Delphi Automotive plc		1,476
	18	Denso Corp.		816
	441	Dongfeng Motor Group Co., Ltd.		683
	145	Fiat Chrysler Automobiles N.V. ●		1,623
	6	Hyundai Motor Co., Ltd.		992
	28	Isuzu Motors Ltd.		364
	69	Musashi Seimitsu Industry Co., Ltd.		1,358
	12	Toyota Industries Corp.		586
	485	Xingda International Holdings		168
				11,132
		Banks - 4.2%
	2,398	Alpha Bank A.E. ●		1,563
	189	Banca Popolare dell-Emilia Romagna Scrl ●		1,440
	212	Banco Bilbao Vizcaya Argentaria S.A.		2,370
	325	Bangkok Bank Public Co. NVDR		1,976
	9,229	Bank of Ireland ●		3,633
	64	Bank of Nova Scotia		3,933
	183	Barclays Bank plc ADR		703
	1,806	Eurobank Ergasias S.A. ●		627
	352	Grupo Financiero Banorte S.A.B. de C.V.		2,255
	37	HDFC Bank Ltd. ADR		1,931
	391	HSBC Holdings plc		3,988
	104	ICICI Bank Ltd.		2,750
	2,568	Industrial & Commercial Bank of China Ltd.		1,705
	1,658	Mitsubishi UFJ Financial Group, Inc.		9,664
	1,758	Piraeus Bank S.A. ●		2,557
	71	PNC Financial Services Group, Inc.		6,147
	1,182	Shinsei Bank Ltd.		2,656
	283	Standard Chartered plc		4,256
	34	Svenska Handelsbanken AB Class A		1,617
	83	Wells Fargo & Co.		4,383
				60,154
		Capital Goods - 8.8%
	36	Acuity Brands, Inc.		4,968
	158	AECOM Technology Corp. ●		5,147
	905	Alfa S.A.B. de C.V.		2,889
	100	Arcam AB ●		2,335
	47	Assa Abloy Ab		2,471
	176	Atlas Copco Ab		5,111
	546	Balfour Beatty plc		1,348
	15	Belden, Inc.		1,070
	190	Bombardier, Inc. Class B		625
	14	Braas Monier Building Group ●		284
	1,857	Capstone Turbine Corp. ●		1,857
	557	China Lesso Group Holdings Ltd.		292
	1,944	China Machinery Engineering Corp.		1,104
	64	Compagnie De Saint-Gobain		2,744
	55	Danaher Corp.		4,386
	76	Denyo Co., Ltd.		1,008
	127	DigitalGlobe, Inc. ●		3,630
	11	Doosan Corp.		1,134
	11	Eaton Corp. plc		780
	117	Ellaktor S.A. ●		331
	11	Esterline Technologies Corp. ●		1,231
	34	Generac Holdings, Inc. ●		1,533
	67	General Electric Co.		1,719
	118	HD Supply Holdings, Inc. ●		3,405
	27	KBR, Inc.		523
	100	Kone Oyj Class B		4,304
	30	Lockheed Martin Corp.		5,739
	127	Masco Corp.		2,807
	33	Mitsubishi Corp.		649
	7	Moog, Inc. Class A ●		542
	57	Nidec Corp.		3,784
	263	Okuma Corp.		1,888
	118	Orbital Sciences Corp. ●		3,106
	59	Owens Corning, Inc.		1,906
	413	Qinetiq Group plc		1,338
	65	Raytheon Co.		6,742
	333	Rexel S.A.		5,596
	17	Rheinmetall AG		745
	24	Safran S.A.		1,545
	105	Schneider Electric S.A.		8,300
	225	Shanghai Industrial Holdings Ltd.		694
	13	Siemens AG		1,511
	18	Sulzer AG		2,102
	22	Teledyne Technologies, Inc. ●		2,296
	247	Toshiba Corp.		1,091
	10	TransDigm Group, Inc.		1,878
	52	United Technologies Corp.		5,578
	152	Vallourec S.A.		5,555
	50	Wienerberger AG		608
	179	Zumtobel Group AG		3,151
				125,380
		Commercial and Professional Services - 1.3%
	39	ACCO Brands Corp. ●		318
	19	Clean Harbors, Inc. ●		923
	111	Edenred		3,067
	175	Enernoc, Inc. ●		2,591
	31	Equifax, Inc.		2,362
	32	IHS, Inc. ●		4,173
	117	Knoll, Inc.		2,332
	37	Nielsen N.V.		1,579
	32	Robert Half International, Inc.		1,779
				19,124
		Consumer Durables and Apparel - 1.8%
	39	Brunello Cucinelli S.p.A.		782
	151	Crocs, Inc. ●		1,764
	47	D.R. Horton, Inc.		1,069
	80	Electrolux AB Series B		2,271
	47	Kate Spade & Co. ●		1,280
	37	Lululemon Athletica, Inc. ●		1,546
	47	Luxottica Group S.p.A.		2,391
	40	Persimmon plc		940
	275	Pulte Group, Inc.		5,286
	1,272	Samsonite International S.A.		4,227
	416	Truly International Holdings		211
	25	Whirlpool Corp.		4,263
				26,030
		Consumer Services - 1.9%
	36	Boyd Gaming Corp. ●		419
	251	Compass Group plc ●		4,044
	100	Hilton Worldwide Holdings, Inc. ●		2,513
	54	Home Inns & Hotels Management, Inc. ●		1,632
	388	Kroton Educacional S.A.		2,768
	844	Mandarin Oriental International Ltd.		1,486
	53	McDonald's Corp.		4,955

The accompanying notes are an integral part of these financial statements.

6

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.5% - (continued)
		Consumer Services - 1.9% - (continued)
	79	New Oriental Education & Technology Group, Inc. ADR ●	$	1,717
	60	Norwegian Cruise Line Holdings Ltd. ●		2,328
	198	Opap S.A.		2,402
	9	Outerwall, Inc. ●		538
	216	Sands China Ltd.		1,347
	17	Wyndham Worldwide Corp.		1,307
				27,456
		Diversified Financials - 4.2%
	283	Anima Holding S.p.A. ●		1,327
	115	Ares Capital Corp.		1,831
	121	Banca Generali S.p.A.		3,206
	21	BlackRock, Inc.		7,305
	319	BM & F Bovespa S.A.		1,403
	38	Bolsas Y Mercados Espanoles		1,463
	31	Citigroup, Inc.		1,673
	135	EFG International AG		1,402
	30	Element Financial Corp. ●		349
	612	Henderson Group plc		2,061
	53	Hong Kong Exchanges & Clearing Ltd.		1,181
	166	Ichiyoshi Securities Co., Ltd.		1,963
	277	ING Groep N.V. ●		3,964
	28	Japan Exchange Group, Inc.		701
	108	JP Morgan Chase & Co.		6,542
	183	Julius Baer Group Ltd.		8,033
	118	Legg Mason, Inc.		6,115
	178	Mitsubishi UFJ Lease & Finance Co., Ltd.		939
	64	Nomad Holdings Ltd. ●†		738
	82	Platform Specialty Products Corp. PIPE ⌂●†		1,983
	111	Platform Specialty Products Corp. ●		2,873
	59	Solar Cayman Ltd. ⌂■●†		4
	151	UBS AG		2,629
	68	Wisdomtree Investment, Inc. ●		997
				60,682
		Energy - 6.5%
	7	Anadarko Petroleum Corp.		685
	215	BG Group plc		3,576
	88	Cabot Oil & Gas Corp.		2,733
	140	Cameco Corp.		2,439
	13	Canadian Natural Resources Ltd.		437
	31	Canadian Natural Resources Ltd. ADR		1,078
	86	Chevron Corp.		10,321
	5,700	China Suntien Green Energy		1,514
	428	Cobalt International Energy, Inc. ●		5,006
	83	Enbridge, Inc.		3,943
	25	Energen Corp.		1,672
	40	Halliburton Co.		2,181
	4,267	Hilong Holdings Ltd.		1,387
	40	HollyFrontier Corp.		1,817
	12	Hornbeck Offshore Services, Inc. ●		380
	181	Imperial Oil Ltd.		8,687
	627	Karoon Gas Australia Ltd. ●		1,637
	71	McDermott International, Inc. ●		274
	41	National Oilwell Varco, Inc.		3,006
	152	OAO Gazprom Class S ADR		1,007
	152	Pacific Rubiales Energy Corp.		2,294
	2,000	PetroChina Co., Ltd.		2,504
	344	Petroleo Brasileiro S.A. ADR		4,164
	109	Petroleum Geo-Services ASA		543
	27	Phillips 66		2,110
	45	Pioneer Natural Resources Co.		8,599
	22	QEP Resources, Inc.		552
	35	Range Resources Corp.		2,392
	65	Royal Dutch Shell plc Class B		2,401
	89	Southwestern Energy Co. ●		2,909
	33	Total S.A.		1,967
	471	Trican Well Service Ltd.		4,217
	370	Tsakos Energy Navigation Ltd.		2,505
	66	YPF Sociedad Anonima ADR		2,328
				93,265
		Food and Staples Retailing - 1.0%
	26	Alimentation Couche-Tard, Inc.		882
	8	CVS Health Corp.		721
	6	E-Mart Co., Ltd.		1,179
	71	Seven & I Holdings Co., Ltd.		2,766
	18	Walgreen Co.		1,143
	101	Wal-Mart Stores, Inc.		7,676
				14,367
		Food, Beverage and Tobacco - 5.4%
	73	Ambev S.A.		490
	105	Anheuser-Busch InBev N.V.		11,651
	119	British American Tobacco plc		6,762
	799	C&C Group plc		3,561
	220	Coca-Cola Co.		9,223
	174	Diageo Capital plc		5,141
	209	Greencore Group plc		877
	102	Imperial Tobacco Group plc		4,412
	15	Japan Tobacco, Inc.		515
	23	Kraft Foods Group, Inc.		1,279
	3,308	LT Group, Inc.		1,049
	286	Mondelez International, Inc.		10,088
	58	Monster Beverage Corp. ●		5,834
	68	Nestle S.A.		4,993
	36	Post Holdings, Inc. ●		1,331
	745	Treasury Wine Estates Ltd.		3,043
	31	Unilever N.V.		1,201
	114	Unilever N.V. NY Shares ADR		4,417
	531	Vina Concha Y Tora S.A.		1,022
				76,889
		Health Care Equipment and Services - 1.8%
	28	Aetna, Inc.		2,277
	11	Becton, Dickinson & Co.		1,450
	59	Cardinal Health, Inc.		4,642
	1,551	CareView Communications, Inc. ●†		475
	73	Envision Healthcare Holdings ●		2,552
	19	HCA Holdings, Inc. ●		1,326
	63	Medtronic, Inc.		4,321
	131	Nikkiso Co., Ltd.		1,354
	17	Olympus Corp. ●		625
	63	UnitedHealth Group, Inc.		6,000
	9	Universal Health Services, Inc. Class B		966
				25,988
		Household and Personal Products - 0.7%
	78	Coty, Inc.		1,294
	87	Procter & Gamble Co.		7,561
	45	Svenska Cellulosa AB Class B		1,006
				9,861
		Insurance - 4.2%
	38	ACE Ltd.		4,157
	37	Ageas		1,236

The accompanying notes are an integral part of these financial statements.

7

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.5% - (continued)
		Insurance - 4.2% - (continued)
	1,092	AIA Group Ltd.	$	6,095
	270	American International Group, Inc.		14,474
	379	Assicurazioni Generali S.p.A.		7,768
	130	Delta Lloyd N.V.		2,969
	489	Direct Line Insurance Group plc		2,161
	34	Marsh & McLennan Cos., Inc.		1,832
	110	MetLife, Inc.		5,961
	93	Ping An Insurance (Group) Co.		760
	46	Principal Financial Group, Inc.		2,388
	356	T&D Holdings, Inc.		4,584
	19	Zurich Financial Services AG		5,669
				60,054
		Materials - 5.4%
	32	Air Liquide		3,834
	29	Akzo Nobel N.V.		1,935
	1,818	AMVIG Holdings Ltd.		851
	29	Barrick Gold Corp.		348
	43	BASF SE		3,837
	22	Berry Plastics Group, Inc. ●		573
	51	BHP Billiton plc		1,317
	6	Cabot Corp.		297
	37	Celanese Corp.		2,170
	1,122	China Resources Cement		763
	76	Constellium N.V. ●		1,549
	87	CRH plc		1,942
	29	Crown Holdings, Inc. ●		1,400
	59	E.I. DuPont de Nemours & Co.		4,101
	9	Ecolab, Inc.		993
	88	Eldorado Gold Corp.		479
	–	Givaudan		755
	324	Glencore plc		1,664
	4,101	Greatview Aseptic Packaging Co., Ltd.		2,686
	165	Harmony Gold Mining Co., Ltd. ●		266
	101	Headwaters, Inc. ●		1,288
	921	Huabao International Holdings Ltd.		659
	121	International Paper Co.		6,132
	846	Ivanhoe Mines Ltd. ●		638
	185	JSR Corp.		3,332
	124	Kinross Gold Corp. ●		266
	28	Martin Marietta Materials, Inc.		3,311
	44	Methanex Corp. ADR		2,616
	150	Norbord, Inc.		2,927
	31	Packaging Corp. of America		2,214
	42	Praxair, Inc.		5,251
	978	PTT Chemical Public Co., Ltd.		1,856
	50	Reliance Steel & Aluminum		3,392
	33	Rio Tinto plc		1,554
	63	Rio Tinto plc ADR		3,021
	47	Smurfit Kappa Group plc		966
	45	Vulcan Materials Co.		2,755
	26	Wacker Chemie AG		3,094
				77,032
		Media - 1.6%
	77	Avex, Inc.		1,147
	11	Comcast Corp. Class A		598
	216	DHX Media Ltd. ●		1,916
	16	DISH Network Corp. ●		1,025
	8	DreamWorks Animation SKG, Inc. ●		177
	1,277	Major Cineplex Group Public Co., Ltd.		933
	17	McGraw Hill Financial, Inc.		1,503
	29	Naspers Ltd.		3,577
	36	Pandora Media, Inc. ●		685
	83	Quebecor, Inc.		2,118
	114	SES Global S.A.		3,953
	2,573	Solocal Group ●		1,581
	2	Tribune Media Co. Class A ●		133
	217	TVN S.A.		970
	60	Wolters Kluwer N.V.		1,594
	74	WPP plc		1,442
				23,352
		Pharmaceuticals, Biotechnology and Life Sciences - 12.1%
	47	Actavis plc ●		11,303
	8	Agios Pharmaceuticals, Inc. ●		640
	22	Alkermes plc ●		1,127
	87	Almirall S.A. ●		1,426
	21	Alnylam Pharmaceuticals, Inc. ●		1,910
	252	Arena Pharmaceuticals, Inc. ●		1,100
	297	AstraZeneca plc		21,696
	124	AstraZeneca plc ADR		9,068
	571	Bristol-Myers Squibb Co.		33,215
	15	Celgene Corp. ●		1,566
	490	China Shineway Pharmaceutical Group Ltd.		884
	61	Daiichi Sankyo Co., Ltd.		912
	71	Eisai Co., Ltd.		2,781
	29	Eli Lilly & Co.		1,914
	36	Gilead Sciences, Inc. ●		4,022
	8	Illumina, Inc. ●		1,545
	19	Incyte Corp. ●		1,287
	48	Innate Pharma S.A. ●		439
	60	Johnson & Johnson		6,481
	338	Merck & Co., Inc.		19,590
	98	Ono Pharmaceutical Co., Ltd.		9,861
	76	Portola Pharmaceuticals, Inc. ●		2,168
	15	PTC Therapeutics, Inc. ●		622
	2	Receptos, Inc. ●		249
	14	Regeneron Pharmaceuticals, Inc. ●		5,624
	38	Roche Holding AG		11,177
	12	Salix Pharmaceuticals Ltd. ●		1,746
	20	Sanofi ADR		929
	31	Shionogi & Co., Ltd.		798
	55	Takeda Pharmaceutical Co., Ltd.		2,402
	53	Tesaro, Inc. ●		1,487
	923	TherapeuticsMD, Inc. ●		4,096
	25	UCB S.A.		1,984
	35	Vertex Pharmaceuticals, Inc. ●		3,920
	82	Zoetis, Inc.		3,038
				173,007
		Real Estate - 2.1%
	16	AvalonBay Communities, Inc. REIT		2,484
	27,667	Bekasi Fajar Industrial Estate Tbk PT		1,340
	115	Castellum AB		1,764
	63	CBRE Group, Inc. ●		2,001
	312	China Resources Land Ltd.		742
	175	City Developments Ltd.		1,288
	53	Deutsche Annington Immobile		1,546
	66	Deutsche Wohnen AG		1,498
	105	E-House China Holdings Ltd.		1,050
	118	Grivalia Properties REIC		1,278
	514	Hibernia REIT ●☼		707
	17	Icade REIT		1,322

The accompanying notes are an integral part of these financial statements.

8

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.5% - (continued)
		Real Estate - 2.1% - (continued)
	453	Leopalace21 Corp. ●	$	2,839
	170	Mitsui Fudosan Co., Ltd.		5,466
	53	Realogy Holdings Corp. ●		2,193
	151	Two Harbors Investment Corp. REIT		1,531
	27	Weyerhaeuser Co. REIT		908
				29,957
		Retailing - 5.4%
	54	Advance Automotive Parts, Inc. ‡		7,953
	727	Allstar Co. ⌂●†		617
	18	Amazon.com, Inc. ●		5,511
	43	American Eagle Outfitters, Inc.		551
	32	ASOS plc ●		1,373
	2	AutoZone, Inc. ●		1,308
	1,908	Baoxin Automotive Group Ltd.		1,456
	144	Coupons.com, Inc. ●		2,002
	33	GNC Holdings, Inc.		1,384
	794	Groupon, Inc. ●		5,806
	6	Honest (The) Co. ⌂●†		145
	18	HSN, Inc.		1,214
	9	Hyundai Home Shopping Network Corp.		1,182
	7,629	Intime Retail Group Co., Ltd.		6,644
	17	L Brands, Inc.		1,237
	131	Lowe's Cos., Inc.		7,486
	553	Luk Fook Holdings International Ltd.		1,649
	3,134	Maoye International Holdings		485
	184	Marks & Spencer Group plc		1,200
	9	Netflix, Inc. ●		3,632
	1	Priceline (The) Group, Inc. ●		925
	242	Rakuten, Inc.		2,729
	57	Rent-A-Center, Inc.		1,771
	33	Restoration Hardware Holdings, Inc. ●		2,622
	13	Signet Jewelers Ltd.		1,530
	149	TJX Cos., Inc.		9,427
	39	Tory Burch LLC ⌂●†		2,585
	68	Tuesday Morning Corp. ●		1,395
	1,085	Zhongsheng Group Holdings Ltd.		1,118
				76,937
		Semiconductors and Semiconductor Equipment - 6.6%
	443	Applied Materials, Inc.		9,795
	23,739	GCL-Poly Energy Holdings Ltd. ●		8,000
	121	Hynix Semiconductor, Inc. ●		5,391
	245	Intel Corp.		8,339
	253	Maxim Integrated Products, Inc.		7,431
	335	Micron Technology, Inc. ●		11,079
	173	NXP Semiconductors N.V. ●		11,865
	114	RF Micro Devices, Inc. ●		1,481
	2	Samsung Electronics Co., Ltd.		1,778
	1,041	Sumco Corp. ☼		14,003
	216	SunEdison, Inc. ●		4,215
	174	SunPower Corp. ●		5,540
	679	Taiwan Semiconductor Manufacturing Co., Ltd.		2,943
	102	Taiwan Semiconductor Manufacturing Co., Ltd. ADR		2,253
				94,113
		Software and Services - 8.2%
	71	21Vianet Group, Inc. ADR ●		1,488
	23	Accenture plc		1,894
	624	Activision Blizzard, Inc.		12,447
	21	Adobe Systems, Inc. ●		1,471
	58	Akamai Technologies, Inc. ●		3,520
	115	Alibaba Group Holding Ltd. ●		11,343
	82	Angie's List, Inc. ●		572
	80	AOL, Inc. ●		3,470
	42	Automatic Data Processing, Inc.		3,456
	38	Baidu, Inc. ADR ●		9,041
	176	Cadence Design Systems, Inc. ●		3,152
	32	ChinaCache International Holdings Ltd. ADR ●		332
	110	Cia Brasileira de Meios de Pagamentos		1,811
	86	Comverse, Inc. ●		1,866
	473	Corindus Vascular Robotics, Inc. PIPE ⌂●†		1,729
	8	CoStar Group, Inc. ●		1,237
	38	Ellie Mae, Inc. ●		1,475
	69	Facebook, Inc. ●		5,202
	14	Google, Inc. Class C ●		7,759
	19	IAC/InterActiveCorp.		1,310
	11	IBM Corp.		1,732
	132	Kakaku.com, Inc.		1,800
	48	Markit Ltd. ●		1,230
	322	Microsoft Corp.		15,111
	562	Monster Worldwide, Inc. ●		2,168
	11	NetEase, Inc. ADR		1,060
	527	Optimal Payments plc ●		3,739
	116	Oracle Corp.		4,542
	17	Rovi Corp. ●		351
	39	Salesforce.com, Inc. ●		2,506
	14	Tableau Software, Inc. ●		1,172
	54	Tangoe, Inc. ●		791
	73	Teradata Corp. ●		3,091
	47	UbiSoft Entertainment S.A. ●		853
	30	Verint Systems, Inc. ●		1,698
	3	Xero Ltd. ●		33
	12	Yelp, Inc. ●		733
				117,185
		Technology Hardware and Equipment - 4.0%
	227	Apple, Inc.		24,494
	182	Aruba Networks, Inc. ●		3,925
	281	Cisco Systems, Inc.		6,869
	84	EMC Corp.		2,401
	198	Hitachi Ltd.		1,556
	175	Japan Display, Inc. ●		520
	44	Juniper Networks, Inc.		919
	14	Loral Space & Communications, Inc. ●		1,043
	719	NEC Corp.		2,543
	903	ParkerVision, Inc. ●		1,182
	14	Qualcomm, Inc.		1,115
	14	Stratasys Ltd. ●		1,721
	67	TE Connectivity Ltd.		4,092
	26	Western Digital Corp.		2,524
	1,761	WPG Holdings Co., Ltd.		2,145
				57,049
		Telecommunication Services - 2.7%
	244	Gogo, Inc. ●		4,056
	91	Hellenic Telecommunications Organization S.A. ●		1,028
	1,095	Koninklijke (Royal) KPN N.V.		3,606
	23	Level 3 Communications, Inc. ●		1,093
	96	Nippon Telegraph & Telephone Corp.		5,973
	296	NTT DoCoMo, Inc.		4,987
	2	SK Telecom Co., Ltd.		505
	70	SoftBank Corp.		5,067
	393	Telecom Italia S.p.A. ●		445

The accompanying notes are an integral part of these financial statements.

9

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.5% - (continued)
		Telecommunication Services - 2.7% - (continued)
	343	Telenor ASA	$	7,721
	471	Total Access Communication Public Co., Ltd.		1,498
	37	Verizon Communications, Inc.		1,839
	242	Vodafone Group plc		805
	18	Zayo Group Holdings, Inc. ●		414
				39,037
		Transportation - 2.6%
	4,648	AirAsia Berhad		3,533
	70	Canadian National Railway Co.		4,924
	41	Deutsche Lufthansa AG		613
	44	Deutsche Post AG		1,377
	103	DSV AS		3,080
	109	Groupe Eurotunnel S.A.		1,374
	108	Hitachi Transport System Ltd.		1,424
	253	International Consolidated Airlines Group S.A. ●		1,660
	2,498	Jiangsu Express Co., Ltd.		2,790
	7	Kansas City Southern		828
	16	Kuehne & Nagel International AG		2,084
	319	Mitsui O.S.K. Lines Ltd.		1,009
	288	Nippon Yusen		747
	25	Norfolk Southern Corp.		2,763
	1,284	Pacific Basin Ship		618
	15	United Continental Holdings, Inc. ●		810
	62	United Parcel Service, Inc. Class B		6,460
	116	UTI Worldwide, Inc. ●		1,272
				37,366
		Utilities - 3.2%
	428	Cheung Kong Infrastructure Holdings Ltd.		3,125
	10,902	China Longyuan Power Group Corp.		11,626
	192	China Resources Gas Group LT		549
	29	Edison International		1,815
	1,137	ENN Energy Holdings Ltd.		7,378
	3,357	Guangdong Investment Ltd.		4,415
	282	Hokkaido Electric Power Co. ●		2,369
	896	Huadian Fuxin Energy Corp., Ltd.		516
	130	Kyushu Electric Power Co., Inc. ●		1,406
	115	National Grid plc		1,707
	1,478	NTPC Ltd.		3,610
	529	Snam S.p.A.		2,860
	19	Southern Co.		885
	1,319	Towngas China Co., Ltd.		1,385
	65	Xcel Energy, Inc.		2,176
				45,822
		Total Common Stocks
		( Cost $1,357,704)	$	1,381,239
Preferred Stocks - 1.0%
		Capital Goods - 0.1%
	132	Lithium Technology Corp. ⌂●†	$	735
		Consumer Durables and Apparel - 0.1%
	15	Cloudera, Inc. ⌂●†		366
	47	One Kings Lane, Inc. ⌂●†		711
				1,077
		Media - 0.3%
	115	ProSieben Sat.1 Media AG		4,653
		Retailing - 0.0%
	14	Honest (The) Co. Series C ⌂●†β		339
		Software and Services - 0.4%
	143	Apigee Corp. ⌂●†		470
	11	Dropbox, Inc. ⌂●†		214
	243	Essence Holding Group ⌂●†		346
	18	LendingClub Corp. ⌂●†		165
	39	Lookout, Inc. ⌂●†		398
	11	New Relic, Inc. ⌂●†		280
	46	Nutanix, Inc. ⌂●†		559
	42	Uber Technologies, Inc. ⌂●†		2,352
	29	Veracode, Inc. ⌂●†		479
				5,263
		Technology Hardware and Equipment - 0.1%
	61	DataLogix Holdings ⌂●†		567
	60	Pure Storage, Inc. ⌂●†		846
				1,413
		Telecommunication Services - 0.0%
	19	DocuSign, Inc. ⌂●†		328
				328
		Total Preferred Stocks
		(Cost $14,768)	$	13,808
Warrants - 0.0%
		Banks - 0.0%
	155	Alpha Bank A.E.	$	249
		Diversified Financials - 0.0%
	64	Nomad Holdings Ltd. †		34
		Total Warrants
		(Cost $326)	$	283
		Total Long-Term Investments
		(Cost $1,372,798)	$	1,395,330
Short-Term Investments - 2.3%
Repurchase Agreements - 2.3%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $96, collateralized by U.S. Treasury Note 1.50%, 2019, value of $98)
$	96	0.08%, 10/31/2014	$	96
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,631, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $1,664)
	1,631	0.09%, 10/31/2014		1,631
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $438, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $447)
	438	0.08%, 10/31/2014		438

The accompanying notes are an integral part of these financial statements.

10

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Short-Term Investments - 2.3% - (continued)
Repurchase Agreements - 2.3% - (continued)
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,486, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $1,515)
$	1,486	0.10%, 10/31/2014			$	1,486
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,598, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $5,710)
	5,598	0.08%, 10/31/2014				5,598
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $6,434, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $6,563)
	6,434	0.09%, 10/31/2014				6,434
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $371, collateralized by U.S. Treasury Note 0.88%, 2017, value of $379)
	371	0.13%, 10/31/2014				371
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $547, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $558)
	547	0.07%, 10/31/2014				547
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,760, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $5,875)
	5,760	0.08%, 10/31/2014				5,760
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $11,161, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $11,385)
	11,161	0.10%, 10/31/2014				11,161
						33,522
		Total Short-Term Investments
		(Cost $33,522)			$	33,522
		Total Investments
		(Cost $1,406,320) ▲	99.8	%	$	1,428,852
		Other Assets and Liabilities	0.2	%		3,434
		Total Net Assets	100.0	%	$	1,432,286

The accompanying notes are an integral part of these financial statements.

11

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease.

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $1,415,383 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	98,797
Unrealized Depreciation		(85,328	)
Net Unrealized Appreciation	$	13,469

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $17,465, which represents 1.2% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.  

● Non-income producing.    

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $1,740 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $4, which rounds to zero percent of total net assets.  

The accompanying notes are an integral part of these financial statements.

12

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale.  A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
08/2011		727	Allstar Co.	$	316
04/2014		143	Apigee Corp. Preferred		416
02/2014		15	Cloudera, Inc. Preferred		218
09/2014		473	Corindus Vascular Robotics, Inc.		1,181
05/2014		61	DataLogix Holdings Preferred		630
02/2014		19	DocuSign, Inc. Preferred		255
01/2014		11	Dropbox, Inc. Preferred		204
05/2014		243	Essence Holding Group Preferred		385
08/2014		6	Honest (The) Co.		161
08/2014		14	Honest (The) Co. Series C Preferred		377
04/2014		18	LendingClub Corp. Preferred		184
08/2014		132	Lithium Technology Corp. Preferred		644
07/2014		39	Lookout, Inc. Preferred		442
04/2014		11	New Relic, Inc. Preferred		311
08/2014		46	Nutanix, Inc. Preferred		621
01/2014		47	One Kings Lane, Inc. Preferred		721
10/2014		82	Platform Specialty Products Corp. PIPE		2,108
04/2014		60	Pure Storage, Inc. Preferred		940
03/2007		59	Solar Cayman Ltd. - 144A		17
11/2013		39	Tory Burch LLC		3,091
06/2014		42	Uber Technologies, Inc. Preferred		2,613
08/2014		29	Veracode, Inc. Preferred		532

At October 31, 2014, the aggregate value of these securities was $16,218, which represents 1.1% of total net assets.

β Convertible security.

The accompanying notes are an integral part of these financial statements.

13

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

BRL

Sell

11/03/2014

JPM

$

145

$

142

$

3

$

–

CAD

Buy

11/04/2014

BCLY

134

133

–

(1

)

EUR

Buy

11/04/2014

HSBC

530

524

–

(6

)

EUR

Buy

11/03/2014

RBC

440

437

–

(3

)

EUR

Buy

11/04/2014

WEST

669

669

–

–

EUR

Sell

12/03/2014

BCLY

660

662

–

(2

)

EUR

Sell

12/03/2014

BOA

6,514

6,318

196

–

EUR

Sell

12/17/2014

JPM

9,336

9,356

–

(20

)

GBP

Sell

11/03/2014

BMO

419

419

–

–

GBP

Sell

11/04/2014

MSC

1,681

1,681

–

–

HKD

Buy

11/04/2014

BCLY

89

89

–

–

HKD

Buy

11/03/2014

UBS

3,076

3,076

–

–

HKD

Sell

11/04/2014

BCLY

799

799

–

–

HKD

Sell

11/03/2014

UBS

101

101

–

–

JPY

Buy

12/03/2014

BCLY

2,966

2,967

1

–

JPY

Buy

12/03/2014

BCLY

547

494

–

(53

)

JPY

Buy

12/03/2014

BOA

2,134

1,940

–

(194

)

JPY

Buy

12/03/2014

CBK

1,838

1,671

–

(167

)

JPY

Buy

12/17/2014

CBK

2,322

2,213

–

(109

)

JPY

Buy

11/06/2014

DEUT

348

346

–

(2

)

JPY

Buy

12/03/2014

DEUT

678

618

–

(60

)

JPY

Buy

12/03/2014

SCB

1,159

1,048

–

(111

)

JPY

Buy

11/04/2014

SSG

298

287

–

(11

)

JPY

Buy

11/05/2014

UBS

465

452

–

(13

)

JPY

Sell

12/03/2014

BCLY

11,564

10,477

1,087

–

JPY

Sell

12/03/2014

BOA

2,237

2,028

209

–

JPY

Sell

12/03/2014

CBK

2,236

2,028

208

–

JPY

Sell

12/17/2014

CBK

1,898

1,897

1

–

JPY

Sell

11/06/2014

DEUT

1,328

1,320

8

–

JPY

Sell

12/03/2014

DEUT

420

390

30

–

JPY

Sell

12/17/2014

JPM

23,382

22,196

1,186

–

JPY

Sell

12/17/2014

RBC

1,455

1,399

56

–

JPY

Sell

11/04/2014

SSG

797

767

30

–

JPY

Sell

11/05/2014

UBS

1,290

1,252

38

–

JPY

Sell

12/03/2014

UBS

2,695

2,506

189

–

Total

$

3,242

$

(752

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BMO	Bank of Montreal
BOA	Banc of America Securities LLC
CBK	Citibank NA
DEUT	Deutsche Bank Securities, Inc.
HSBC	HSBC Bank USA
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:
BRL	Brazilian Real
CAD	Canadian Dollar
EUR	EURO
GBP	British Pound
HKD	Hong Kong Dollar
JPY	Japanese Yen
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
NVDR	Non-Voting Depositary Receipt
PIPE	Private Investment in Public Equity
REIC	Real Estate Investment Company
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

14

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Automobiles and Components	$	11,132	$	1,476	$	9,656	$	–
Banks		60,154		18,649		41,505		–
Capital Goods		125,380		67,508		57,872		–
Commercial and Professional Services		19,124		16,057		3,067		–
Consumer Durables and Apparel		26,030		15,208		10,822		–
Consumer Services		27,456		19,663		7,793		–
Diversified Financials		60,682		29,826		28,869		1,987
Energy		93,265		77,736		15,529		–
Food and Staples Retailing		14,367		10,422		3,945		–
Food, Beverage and Tobacco		76,889		37,245		39,644		–
Health Care Equipment and Services		25,988		24,009		1,979		–
Household and Personal Products		9,861		8,855		1,006		–
Insurance		60,054		28,812		31,242		–
Materials		77,032		49,258		27,774		–
Media		23,352		13,078		10,274		–
Pharmaceuticals, Biotechnology and Life Sciences		173,007		118,647		54,360		–
Real Estate		29,957		11,489		18,468		–
Retailing		76,937		57,210		16,380		3,347
Semiconductors and Semiconductor Equipment		94,113		61,998		32,115		–
Software and Services		117,185		109,031		6,425		1,729
Technology Hardware and Equipment		57,049		50,285		6,764		–
Telecommunication Services		39,037		7,402		31,635		–
Transportation		37,366		17,057		20,309		–
Utilities		45,822		4,876		40,946		–
Total		1,381,239		855,797		518,379		7,063
Preferred Stocks		13,808		–		4,653		9,155
Warrants		283		283		–		–
Short-Term Investments		33,522		–		33,522		–
Total	$	1,428,852	$	856,080	$	556,554	$	16,218
Foreign Currency Contracts*	$	3,242	$	–	$	3,242	$	–
Total	$	3,242	$	–	$	3,242	$	–
Liabilities:
Foreign Currency Contracts*	$	752	$	–	$	752	$	–
Total	$	752	$	–	$	752	$	–

♦ For the year ended October 31, 2014, investments valued at $2,124 were transferred from Level 1 to Level 2, and investments valued at $2,247 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:      

1)	Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).
2)	U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).
3)	Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

15

Hartford Global Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Common Stocks	$	2,565	$	84	$	(776	)†	$	—	$	6,542	$	(230	)	$	—	$	(1,122	)	$	7,063
Preferred Stocks		—		—		(338	)‡		—		9,493		—			—		—			9,155
Warrants		4		—		—			—		—		—			—		(4	)		—
Total	$	2,569	$	84	$	(1,114	)	$	—	$	16,035	$	(230	)	$	—	$	(1,126	)	$	16,218

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(707).

‡ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(338).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

16

Hartford Global Capital Appreciation Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $1,406,320)	$	1,428,852
Foreign currency on deposit with custodian (cost $42)		42
Unrealized appreciation on foreign currency contracts		3,242
Receivables:
Investment securities sold		17,719
Fund shares sold		720
Dividends and interest		1,918
Other assets		90
Total assets		1,452,583
Liabilities:
Unrealized depreciation on foreign currency contracts		752
Bank overdraft		7
Payables:
Investment securities purchased		17,995
Fund shares redeemed		973
Investment management fees		207
Administrative fees		1
Distribution fees		99
Accrued expenses		263
Total liabilities		20,297
Net assets	$	1,432,286
Summary of Net Assets:
Capital stock and paid-in-capital	$	1,189,265
Undistributed net investment income		4,852
Accumulated net realized gain		213,232
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		24,937
Net assets	$	1,432,286
Shares authorized		1,000,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$20.10/$21.27
Shares outstanding		36,469
Net assets	$	732,928
Class B: Net asset value per share	$	18.65
Shares outstanding		2,484
Net assets	$	46,336
Class C: Net asset value per share	$	18.78
Shares outstanding		15,054
Net assets	$	282,703
Class I: Net asset value per share	$	20.59
Shares outstanding		5,713
Net assets	$	117,640
Class R3: Net asset value per share	$	19.85
Shares outstanding		1,599
Net assets	$	31,735
Class R4: Net asset value per share	$	20.35
Shares outstanding		494
Net assets	$	10,055
Class R5: Net asset value per share	$	20.68
Shares outstanding		75
Net assets	$	1,549
Class Y: Net asset value per share	$	20.86
Shares outstanding		10,034
Net assets	$	209,340

The accompanying notes are an integral part of these financial statements.

17

Hartford Global Capital Appreciation Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	24,617
Interest		14
Less: Foreign tax withheld		(1,551	)
Total investment income		23,080
Expenses:
Investment management fees		9,810
Administrative services fees
Class R3		64
Class R4		16
Class R5		2
Transfer agent fees
Class A		1,146
Class B		138
Class C		357
Class I		108
Class R3		5
Class R4		1
Class R5		—
Class Y		1
Distribution fees
Class A		1,628
Class B		536
Class C		2,797
Class R3		161
Class R4		27
Custodian fees		54
Accounting services fees		172
Registration and filing fees		177
Board of Directors' fees		30
Audit fees		38
Other expenses		205
Total expenses (before waivers and fees paid indirectly)		17,473
Expense waivers		(131	)
Management fee waivers		(334	)
Commission recapture		(41	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(506	)
Total expenses, net		16,967
Net Investment Income		6,113
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		247,745
Less: Foreign taxes paid on realized capital gains		(274	)
Net realized gain on foreign currency contracts		912
Net realized gain on other foreign currency transactions		870
Net Realized Gain on Investments and Foreign Currency Transactions		249,253
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(164,720	)
Net unrealized appreciation of foreign currency contracts		1,763
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(75	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(163,032	)
Net Gain on Investments and Foreign Currency Transactions		86,221
Net Increase in Net Assets Resulting from Operations	$	92,334

The accompanying notes are an integral part of these financial statements.

18

Hartford Global Capital Appreciation Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	6,113		$	1,847
Net realized gain on investments and foreign currency transactions		249,253			153,672
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(163,032	)		114,726
Net Increase in Net Assets Resulting from Operations		92,334			270,245
Distributions to Shareholders:
From net investment income
Class A		—			(1,568	)
Class I		—			(534	)
Class R3		—			(83	)
Class R4		—			(55	)
Class R5		—			(7	)
Class Y		(140	)		(72	)
Total from net investment income		(140	)		(2,319	)
From net realized gain on investments
Class A		(13,469	)		—
Class B		(1,573	)		—
Class C		(7,293	)		—
Class I		(3,052	)		—
Class R3		(832	)		—
Class R4		(288	)		—
Class R5		(31	)		—
Class Y		(370	)		—
Total from net realized gain on investments		(26,908	)		—
Total distributions		(27,048	)		(2,319	)
Capital Share Transactions:
Class A		190,141	*		(43,660	)
Class B		(11,138	)*		(11,546	)
Class C		11,675	*		(34,499	)
Class I		(7,320	)		36
Class R3		(997	)*		(1,885	)
Class R4		(1,321	)*		(2,999	)
Class R5		213	*		(377	)
Class Y		193,898	*		(2,631	)
Net increase (decrease) from capital share transactions		375,151			(97,561	)
Net Increase in Net Assets		440,437			170,365
Net Assets:
Beginning of period		991,849			821,484
End of period	$	1,432,286		$	991,849
Undistributed (distributions in excess of) net investment income	$	4,852		$	(129	)

^* Includes merger activity (see Fund Merger in accompanying Notes to Financial Statements).

The accompanying notes are an integral part of these financial statements.

19

Hartford Global Capital Appreciation Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for Hartford Global Capital Appreciation Fund (the "Fund"), a series of the Company, are included in this report. Prior to March 1, 2014, the Fund was known as The Hartford Capital Appreciation II Fund.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

20

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a

21

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Statement of Operations as a reduction to net realized gain on investments in these securities.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

22

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

23

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	3,242	$	—	$	—	$	—	$	—	$	3,242
Total	$	—	$	3,242	$	—	$	—	$	—	$	—	$	3,242
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	752	$	—	$	—	$	—	$	—	$	752
Total	$	—	$	752	$	—	$	—	$	—	$	—	$	752

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

24

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on foreign currency contracts	$	—	$	912	$	—	$	—	$	—	$	—	$	912
Total	$	—	$	912	$	—	$	—	$	—	$	—	$	912
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	1,763	$	—	$	—	$	—	$	—	$	1,763
Total	$	—	$	1,763	$	—	$	—	$	—	$	—	$	1,763

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the Futures Commission Merchant's ("FCM") custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Unrealized appreciation on foreign currency contracts	$	3,163	$	(508	)	$	—	$	—	$	2,655
Total subject to a master netting or similar arrangement	$	3,163	$	(508	)	$	—	$	—	$	2,655

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged		Net Amount (not less than $0)
Description
Unrealized depreciation on foreign currency contracts	$	716	$	(508	)	$	—	$	—	$	208
Total subject to a master netting or similar arrangement	$	716	$	(508	)	$	—	$	—	$	208

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and    Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above.

25

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

26

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	140	$	2,097
Long-Term Capital Gains ‡		26,908		222

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:

	Amount
Undistributed Ordinary Income	$	83,107
Undistributed Long-Term Capital Gain		146,488
Unrealized Appreciation*		13,426
Total Accumulated Earnings	$	243,021

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(992	)
Accumulated Net Realized Gain (Loss)		992

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

During the year ended October 31, 2014, the Fund utilized $27,381 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund

27

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered during the period February 28, 2014 through October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.8500%
On next $500 million	0.7500%
On next $4 billion	0.7000%
On next $5 billion	0.6800%
Over $10 billion	0.6750%

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered during the period November 1, 2013 through February 27, 2014.

Average Daily Net Assets	Annual Fee
On first $250 million	0.9500%
On next $250 million	0.9000%
On next $500 million	0.8000%
On next $1.5 billion	0.7500%
On next $2.5 billion	0.7000%
On next $5 billion	0.6800%
Over $10 billion	0.6750%

HFMC voluntarily agreed to waive investment management fees of 0.10% of average daily net assets until February 27, 2014. These amounts are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.014%
On next $5 billion	0.012%
Over $10 billion	0.010%

28

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.25%	2.00%	2.00%	1.00%	1.35%	1.05%	0.95%	0.90%

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.25	%
Class B		1.99
Class C		1.95
Class I		0.92
Class R3		1.35
Class R4		1.05
Class R5		0.94
Class Y		0.83

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $1,535 and contingent deferred sales charges of $16 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

29

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $2. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R4		2	%		—	%*
Class R5		11			—	*
Class Y		—	*		—	*

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		14	%

* Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	2,151,924	$	—	$	2,151,924
Sales Proceeds		1,865,314		—		1,865,314

30

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold*		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		13,787		705		(4,726	)		9,766			3,578		103		(6,538	)		(2,857	)
Amount	$	270,672	$	13,203	$	(93,734	)	$	190,141		$	59,643	$	1,521	$	(104,824	)	$	(43,660	)
Class B
Shares		273		83		(1,083	)		(727	)		56		—		(799	)		(743	)
Amount	$	7,382	$	1,462	$	(19,982	)	$	(11,138	)	$	849	$	—	$	(12,395	)	$	(11,546	)
Class C
Shares		2,187		379		(2,051	)		515			1,119		—		(3,452	)		(2,333	)
Amount	$	43,044	$	6,667	$	(38,036	)	$	11,675		$	17,564	$	—	$	(52,063	)	$	(34,499	)
Class I
Shares		1,995		144		(2,519	)		(380	)		2,529		31		(2,600	)		(40	)
Amount	$	40,296	$	2,760	$	(50,376	)	$	(7,320	)	$	42,394	$	461	$	(42,819	)	$	36
Class R3
Shares		250		44		(341	)		(47	)		398		6		(515	)		(111	)
Amount	$	4,844	$	820	$	(6,661	)	$	(997	)	$	6,315	$	82	$	(8,282	)	$	(1,885	)
Class R4
Shares		128		14		(204	)		(62	)		136		3		(319	)		(180	)
Amount	$	2,525	$	273	$	(4,119	)	$	(1,321	)	$	2,296	$	50	$	(5,345	)	$	(2,999	)
Class R5
Shares		20		2		(11	)		11			14		1		(40	)		(25	)
Amount	$	403	$	31	$	(221	)	$	213		$	251	$	7	$	(635	)	$	(377	)
Class Y
Shares		10,301		25		(956	)		9,370			35		5		(222	)		(182	)
Amount	$	213,279	$	509	$	(19,890	)	$	193,898		$	608	$	72	$	(3,311	)	$	(2,631	)
Total
Shares		28,941		1,396		(11,891	)		18,446			7,865		149		(14,485	)		(6,471	)
Amount	$	582,445	$	25,725	$	(233,019	)	$	375,151		$	129,920	$	2,193	$	(229,674	)	$	(97,561	)

* Includes shares issued from merger, except for Class I. Please see the table immediately following for details. For further    information please see Fund Merger section that follows.

	Shares Issued from Merger
	For the Year Ended October 31, 2014
	Shares		Amount
Class A		10,037	$	197,410
Class B		244		4,471
Class C		1,198		22,100
Class R3		8		149
Class R4		13		250
Class R5		9		175
Class Y		10		199
		11,519	$	224,754

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014	179	$	3,556
For the Year Ended October 31, 2013	62	$	1,087

31

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Fund Merger:

Reorganization of The Hartford Global Growth Fund into the Fund – At a meeting held on December 13, 2013, the Board of Directors of The Hartford Mutual Funds, Inc. approved an Agreement and Plan of Reorganization providing for the acquisition of all the assets and liabilities of The Hartford Global Growth Fund (“Target Fund”) by the Fund (“Acquiring Fund”).

Under the terms of the Agreement and Plan of Reorganization, the assets and liabilities of the Target Fund were acquired by the Fund on April 7, 2014. The Fund acquired the assets and liabilites of the Target Fund in exchange for shares in the Fund, which were distributed pro rata by the Target Fund to shareholders, in complete liquidation of the Target Fund.

The Fund acquired capital loss carryforwards of $27,381 from the Target Fund and none of these acquired losses were limited.

This merger was accomplished by tax free exchange, as detailed below:

	Net assets of Target Fund on April 4, 2014*		Net assets of Acquiring Fund immediately before merger		Net assets of Acquiring Fund immediately after merger		Target Fund shares exchanged		Acquiring Fund shares issued to the Target Fund's shareholders
Class A	$	197,410	$	536,838	$	734,248		9,178		10,037
Class B		4,471		52,533		57,004		234		244
Class C		22,100		268,421		290,521		1,159		1,198
Class I ‡		N/A		114,781		114,781		N/A		N/A
Class R3		149		32,497		32,646		7		8
Class R4		250		11,153		11,403		11		13
Class R5		175		1,325		1,500		8		9
Class Y		199		3,346		3,545		9		10
Total	$	224,754	$	1,020,894	$	1,245,648		10,606		11,519

* Final day of operations immediately prior to the merger.

‡ The Target Fund did not have Class I shares.

The Target Fund had the following unrealized appreciation, accumulated net realized losses and capital stock as of April 4, 2014:

Fund	Undistributed Income		Unrealized Appreciation (Depreciation)		Accumulated Net Realized Gains (Losses)			Capital Stock		Total
Target Fund	$	—	$	57,741	$	(27,906	)	$	194,919	$	224,754

32

Hartford Global Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Assuming the acquisition had been completed on November 1, 2013, the beginning of the annual reporting period of the Funds, the Fund’s pro forma results of operations for the year ended October 31, 2014, are as follows:

Fund	Net Investment Income		Net Gain on Investments		Net Increase in Net Assets Resulting From Operations
Acquiring Fund	$	5,787	$	98,193	$	103,980

Because the combined investment portfolios have been managed as a single integrated portfolio since the merger was completed, it is not practical to separate the amounts of revenue and earnings of the Target Fund that have been included in the Fund’s Statement of Operations since the merger date.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

33

Hartford Global Capital Appreciation Fund

Financial Highlights

	- Selected Per-Share Data - (A)																									- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	18.87	$	0.13		$	1.60		$	1.73		$	–		$	(0.50	)	$	(0.50	)	$	20.10		9.39	%	$	732,928		1.28	%		1.25	%		0.67	%
B		17.67		(0.02	)		1.50			1.48			–			(0.50	)		(0.50	)		18.65		8.59			46,336		2.11			2.00			(0.08	)
C		17.78		(0.01	)		1.51			1.50			–			(0.50	)		(0.50	)		18.78		8.65			282,703		1.98			1.95			(0.03	)
I		19.26		0.20			1.63			1.83			–			(0.50	)		(0.50	)		20.59		9.72			117,640		0.95			0.92			0.98
R3		18.66		0.11			1.58			1.69			–			(0.50	)		(0.50	)		19.85		9.27			31,735		1.57			1.35			0.57
R4		19.06		0.18			1.61			1.79			–			(0.50	)		(0.50	)		20.35		9.61			10,055		1.26			1.05			0.88
R5		19.34		0.20			1.64			1.84			–			(0.50	)		(0.50	)		20.68		9.73			1,549		0.97			0.94			0.98
Y		19.50		0.12			1.76			1.88			(0.02	)		(0.50	)		(0.52	)		20.86		9.83			209,340		0.86			0.83			0.58
For the Year Ended October 31, 2013
A	$	13.93	$	0.07		$	4.93		$	5.00		$	(0.06	)	$	–		$	(0.06	)	$	18.87		35.97	%	$	503,765		1.36	%		1.25	%		0.42	%
B		13.10		(0.05	)		4.62			4.57			–			–			–			17.67		34.89			56,743		2.20			2.00			(0.32	)
C		13.18		(0.05	)		4.65			4.60			–			–			–			17.78		34.90			258,520		2.07			2.00			(0.33	)
I		14.22		0.11			5.02			5.13			(0.09	)		–			(0.09	)		19.26		36.29			117,325		1.04			1.00			0.66
R3		13.79		0.05			4.87			4.92			(0.05	)		–			(0.05	)		18.66		35.75			30,704		1.64			1.35			0.31
R4		14.07		0.11			4.96			5.07			(0.08	)		–			(0.08	)		19.06		36.18			10,603		1.33			1.05			0.63
R5		14.28		0.12			5.04			5.16			(0.10	)		–			(0.10	)		19.34		36.36			1,242		1.05			0.95			0.74
Y		14.40		0.13			5.08			5.21			(0.11	)		–			(0.11	)		19.50		36.40			12,947		0.93			0.90			0.76
For the Year Ended October 31, 2012 (D)
A	$	12.80	$	0.03		$	1.10		$	1.13		$	–		$	–		$	–		$	13.93		8.83	%	$	411,923		1.41	%		1.32	%		0.23	%
B		12.14		(0.08	)		1.04			0.96			–			–			–			13.10		7.91			51,815		2.26			2.10			(0.55	)
C		12.21		(0.07	)		1.04			0.97			–			–			–			13.18		7.94			222,460		2.12			2.06			(0.51	)
I		13.04		0.08			1.10			1.18			–			–			–			14.22		9.05			87,227		1.10			1.05			0.49
R3		12.69		0.01			1.09			1.10			–			–			–			13.79		8.67			24,232		1.69			1.45			0.11
R4		12.91		0.06			1.10			1.16			–			–			–			14.07		8.99			10,362		1.37			1.18			0.37
R5		13.09		0.08			1.11			1.19			–			–			–			14.28		9.09			1,276		1.09			1.00			0.57
Y		13.18		0.19			1.03			1.22			–			–			–			14.40		9.26			12,189		0.97			0.95			0.63
For the Year Ended October 31, 2011 (D)
A	$	12.94	$	(0.03	)	$	(0.11	)	$	(0.14	)	$	–		$	–		$	–		$	12.80		(1.08	)%	$	467,407		1.41	%		1.41	%		(0.19	)%
B		12.37		(0.14	)		(0.09	)		(0.23	)		–			–			–			12.14		(1.86	)		61,934		2.25			2.25			(1.03	)
C		12.42		(0.12	)		(0.09	)		(0.21	)		–			–			–			12.21		(1.69	)		266,634		2.13			2.13			(0.91	)
I		13.13		0.02			(0.11	)		(0.09	)		–			–			–			13.04		(0.69	)		112,597		1.11			1.11			0.12
R3		12.86		(0.06	)		(0.11	)		(0.17	)		–			–			–			12.69		(1.32	)		20,237		1.72			1.70			(0.48	)
R4		13.04		(0.02	)		(0.11	)		(0.13	)		–			–			–			12.91		(1.00	)		12,333		1.40			1.40			(0.17	)
R5		13.18		0.02			(0.11	)		(0.09	)		–			–			–			13.09		(0.68	)		1,255		1.11			1.10			0.13
Y		13.25		0.03			(0.10	)		(0.07	)		–			–			–			13.18		(0.53	)		33,723		0.99			0.99			0.23

See Portfolio Turnover information on the next page.

34

Hartford Global Capital Appreciation Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	10.74	$	(0.03	)	$	2.23	$	2.20	$	–	$	–	$	–	$	12.94		20.48	%	$	516,406		1.44	%		1.44	%		(0.20	)%
B		10.35		(0.14	)		2.16		2.02		–		–		–		12.37		19.52			73,313		2.28			2.28			(1.04	)
C		10.39		(0.12	)		2.15		2.03		–		–		–		12.42		19.54			310,899		2.15			2.15			(0.91	)
I		10.86		0.02			2.25		2.27		–		–		–		13.13		20.90			107,796		1.11			1.11			0.13
R3		10.71		(0.05	)		2.20		2.15		–		–		–		12.86		20.07			13,520		1.74			1.73			(0.50	)
R4		10.82		(0.02	)		2.24		2.22		–		–		–		13.04		20.52			8,486		1.40			1.40			(0.18	)
R5		10.91		0.02			2.25		2.27		–		–		–		13.18		20.81			777		1.12			1.11			0.12
Y		10.96		0.04			2.25		2.29		–		–		–		13.25		20.89			46,353		1.00			1.00			0.25

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		144	%(A)
For the Year Ended October 31, 2013		128
For the Year Ended October 31, 2012		135
For the Year Ended October 31, 2011		140
For the Year Ended October 31, 2010		155

(A) During the year ended October 31, 2014, the Fund incurred $165.7 million in sales of securities held associated with the transition of assets from The Hartford Global Growth Fund, which merged into the Fund on April 7, 2014. These sales are excluded from the portfolio turnover rate calculation.

35

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Hartford Global Capital Appreciation Fund (formerly The Hartford Capital Appreciation II Fund) (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Hartford Global Capital Appreciation Fund (formerly The Hartford Capital Appreciation II Fund) of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

36

Hartford Global Capital Appreciation Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

37

Hartford Global Capital Appreciation Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

38

Hartford Global Capital Appreciation Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

39

Hartford Global Capital Appreciation Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

40

Hartford Global Capital Appreciation Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,020.50	$	6.37	$	1,000.00	$	1,018.90	$	6.36		1.25	%		184		365
Class B	$	1,000.00	$	1,016.60	$	10.17	$	1,000.00	$	1,015.12	$	10.16		2.00			184		365
Class C	$	1,000.00	$	1,017.00	$	9.97	$	1,000.00	$	1,015.32	$	9.96		1.96			184		365
Class I	$	1,000.00	$	1,022.10	$	4.68	$	1,000.00	$	1,020.57	$	4.68		0.92			184		365
Class R3	$	1,000.00	$	1,020.30	$	6.87	$	1,000.00	$	1,018.40	$	6.87		1.35			184		365
Class R4	$	1,000.00	$	1,021.80	$	5.35	$	1,000.00	$	1,019.91	$	5.35		1.05			184		365
Class R5	$	1,000.00	$	1,022.00	$	4.80	$	1,000.00	$	1,020.45	$	4.80		0.94			184		365
Class Y	$	1,000.00	$	1,022.90	$	4.23	$	1,000.00	$	1,021.03	$	4.22		0.83			184		365

41

Hartford Global Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for Hartford Global Capital Appreciation Fund (formerly The Hartford Capital Appreciation II Fund) (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

42

Hartford Global Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods. The Board further noted that certain changes had recently been made to the Fund’s principal investment strategy.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

43

Hartford Global Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 4^th quintile of its expense group, while its actual management fee was in the 3^rd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

44

Hartford Global Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

45

Hartford Global Capital Appreciation Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Small/Mid-Cap Stock Risk: Small- and mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss. The investment styles employed by the portfolio managers may not be complimentary, which could adversely affect the performance of the Fund.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

46

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.  We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services. 

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-GCA14 12/14 113965-5 Printed in U.S.A.

HARTFORDFUNDS

HARTFORD
GLOBAL EQUITY INCOME FUND*   2014 Annual Report * Prior to May 30, 2014, Hartford Global Equity Income Fund was known as The Hartford Global Research Fund.

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

Hartford Global Equity Income Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	9
Statement of Operations for the Year Ended October 31, 2014	10
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	11
Notes to Financial Statements	12
Financial Highlights	24
Report of Independent Registered Public Accounting Firm	26
Directors and Officers (Unaudited)	27
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	29
Quarterly Portfolio Holdings Information (Unaudited)	29
Federal Tax Information (Unaudited)	30
Expense Example (Unaudited)	31
Approval of Investment Management and Investment Sub-Advisory Agreements  (Unaudited)	32
Main Risks (Unaudited)	36

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

Hartford Global Equity Income Fund inception 02/29/2008

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks a high level of current income consistent with growth of capital.

Performance Overview 2/29/08 - 10/31/14

 

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year	5 Years	Since       Inception▲
Global Equity Income A#	7.66%	12.05%	5.52 %
Global Equity Income A##	1.74%	10.79%	4.63 %
Global Equity Income B#	6.90%	11.22%	4.74 %
Global Equity Income B##	2.01%	10.96%	4.74 %
Global Equity Income C#	6.91%	11.24%	4.75 %
Global Equity Income C##	5.93%	11.24%	4.75 %
Global Equity Income I#	7.89%	12.39%	5.82 %
Global Equity Income R3#	7.41%	11.82%	5.27 %
Global Equity Income R4#	7.80%	12.15%	5.57 %
Global Equity Income R5#	8.12%	12.49%	5.88 %
Global Equity Income Y#	8.22%	12.58%	5.94 %
MSCI All Country World Index	8.32%	11.15%	4.75 %

▲	Inception: 02/29/2008
#	Without sales charge
##	With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.  

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

MSCI All Country World Index is a free float-adjusted market capitalization index that measures equity market performance in the global developed and emerging markets, consisting of 45 developed and emerging market country indices.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

Effective May 30, 2014, the Fund changed its name to Hartford Global Equity Income Fund and, on June 1, 2014, also changed its investment goal, strategy and portfolio managers. In connection with these changes, Hartford Funds Management Company, LLC reduced its investment management fee rate. 

2

Hartford Global Equity Income Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net	Gross
Global Equity Income Class A	1.25%	1.58%
Global Equity Income Class B	2.00%	2.51%
Global Equity Income Class C	2.00%	2.28%
Global Equity Income Class I	1.00%	1.23%
Global Equity Income Class R3	1.45%	1.70%
Global Equity Income Class R4	1.15%	1.39%
Global Equity Income Class R5	0.85%	1.08%
Global Equity Income Class Y	0.80%	0.99%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 29, 2016, and automatically renew for one-year terms unless terminated.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Managers
Ian R. Link, CFA	John R. Ryan, CFA	W. Michael Reckmeyer, III, CFA
Director and Equity Portfolio Manager	Director and Equity Portfolio Manager	Senior Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of the Hartford Global Equity Income Fund* returned 7.66%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the MSCI All Country World Index, which returned 8.32% for the same period. The Fund outperformed the 6.08% average return of the Lipper Global Equity Income peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

Eight of the ten sectors in the MSCI All Country World Index rose during the period. Healthcare (+24%), Information Technology (+21%), and Utilities (+14%) rose the most while returns in Materials (-3%), Energy (-1%), and Consumer Discretionary (+4%) lagged most on a relative basis.

Security selection was weakest within Financials, Healthcare, and Industrials and strongest within Materials and Information Technology. Sector allocation, a result of bottom-up stock selection, modestly contributed to benchmark-relative performance over the period driven by an underweight to Energy and an overweight to Healthcare. A modest cash position detracted from relative returns in an upward trending environment, as did an overweight to materials relative to the benchmark.

The largest detractors from relative and absolute returns were Schneider Electric (Industrials), Maxim Integrated Products (Information Technology), and Henderson Group (Financials). Schneider Electric, a France-based company specializing in electricity distribution, automation, and energy management, underperformed over the last few months due to disappointing earnings and low organic growth, as well as investor concern over an economic slowdown in China. Shares of Maxim Integrated Products, a U.S.-based supplier of quality analog and mixed signal semiconductors, fell as the company provided earnings guidance for 2015 below expectations due to weaker Samsung sales, as Samsung is a leading customer of Maxim. Shares of Henderson Group, a U.K.-based investment management company, declined as inflows of assets were lower than expected while European equity markets fell in value.

*Effective May 30, 2014 The Hartford Global Research Fund changed its name to Hartford Global Equity Income Fund. Effective June 1, 2014, the Fund changed its portfolio managers and strategy.

3

Hartford Global Equity Income Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Top contributors to relative performance during the period included Intel (Information Technology), FireEye (Information Technology), and International Paper (Materials). Intel, a U.S.-based manufacturer of semiconductor chips, performed well over the period given stronger than expected demand for PCs. FireEye is based in the U.S. and is a machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber-attacks. The company’s stock rose significantly over the period due to better than expected financial results in the first quarter of 2014. We eliminated the position on strength (i.e. while the price was still rising but expected to reverse) in the first half of the period. Shares of International Paper, a leading U.S. containerboard manufacturer and the largest softwood pulp producer globally, was a solid performer over the period despite significant weather and foreign exchange headwinds during the first quarter of 2014. The stock has delivered above-consensus earnings results over the past couple of quarters driven by strong earnings from the industrial packaging business. Microsoft (Information Technology) was also a top contributor to absolute performance.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We believe the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We believe the U.S. economy is on track for a self-sustaining expansion and should, due to a steadily improving labor market, experience rising wage inflation and a moderate increase in policy rates next year. The eurozone and Japan are easing aggressively to help boost inflation and growth, and China is using targeted measures to help maintain growth as it simultaneously seeks to stem excess production in the system that could weigh on the economy. We believe this environment should contribute to a stronger U.S. dollar.

The Fund ended the period most overweight the Financials, Telecommunication Services, and Materials sectors and most underweight the Consumer Discretionary, Industrials, and Energy sectors, relative to the MSCI All Country World Index.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		1.8	%
Consumer Staples		7.7
Energy		6.8
Financials		26.4
Health Care		13.8
Industrials		7.9
Information Technology		13.4
Materials		8.9
Services		7.6
Utilities		3.9
Total		98.2	%
Short-Term Investments		1.1
Other Assets and Liabilities		0.7
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

Hartford Global Equity Income Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 97.3%
		China - 3.2%
	4,288	Jiangsu Express Co., Ltd.	$	4,790
	3,404	PetroChina Co., Ltd.		4,261
				9,051
		France - 4.5%
	29	Icade REIT		2,271
	90	Schneider Electric S.A.		7,125
	57	Total S.A.		3,380
				12,776
		Germany - 4.6%
	186	Deutsche Annington Immobile		5,392
	75	Deutsche Post AG		2,366
	114	Deutsche Wohnen AG		2,577
	23	Siemens AG		2,597
				12,932
		Italy - 1.5%
	204	Assicurazioni Generali S.p.A.		4,186
		Japan - 7.5%
	38	Daiichi Sankyo Co., Ltd.		572
	74	Eisai Co., Ltd.		2,886
	57	Mitsubishi Corp.		1,116
	762	Mitsubishi UFJ Financial Group, Inc.		4,441
	125	Nippon Telegraph & Telephone Corp.		7,752
	272	NTT DoCoMo, Inc.		4,588
				21,355
		Netherlands - 4.9%
	42	Akzo Nobel N.V.		2,793
	189	Delta Lloyd N.V.		4,311
	130	Royal Dutch Shell plc Class B		4,803
	50	Unilever N.V.		1,952
				13,859
		Norway - 1.9%
	237	Telenor ASA		5,330
		Spain - 1.5%
	363	Banco Bilbao Vizcaya Argentaria S.A.		4,065
	3	Bolsas Y Mercados Espanoles		121
				4,186
		Sweden - 2.0%
	198	Castellum AB		3,031
	58	Svenska Handelsbanken AB Class A		2,780
				5,811
		Switzerland - 6.8%
	33	Roche Holding AG		9,770
	32	Zurich Financial Services AG		9,657
				19,427
		Taiwan - 1.4%
	902	Taiwan Semiconductor Manufacturing Co., Ltd.		3,910
		Thailand - 1.1%
	1,681	PTT Chemical Public Co., Ltd.		3,190
		United Kingdom - 13.6%
	74	AstraZeneca plc		5,418
	17	AstraZeneca plc ADR		1,239
	316	Barclays Bank plc ADR		1,217
	87	BHP Billiton plc		2,236
	205	British American Tobacco plc		11,621
	1,052	Henderson Group plc		3,542
	672	HSBC Holdings plc		6,853
	198	National Grid plc		2,935
	285	Vodafone Group plc		949
	128	WPP plc		2,496
				38,506
		United States - 42.8%
	22	Apple, Inc.		2,357
	8	BlackRock, Inc.		2,558
	64	Bristol-Myers Squibb Co.		3,734
	36	Chevron Corp.		4,282
	115	Cisco Systems, Inc.		2,802
	7	Dropbox, Inc. ⌂●†		97
	93	E.I. DuPont de Nemours & Co.		6,459
	21	Eaton Corp. plc		1,402
	50	Edison International		3,098
	114	General Electric Co.		2,951
	342	Intel Corp.		11,619
	208	International Paper Co.		10,553
	31	Johnson & Johnson		3,321
	83	JP Morgan Chase & Co.		5,038
	39	Kraft Foods Group, Inc.		2,197
	69	Marathon Oil Corp.		2,432
	58	Marsh & McLennan Cos., Inc.		3,132
	276	Maxim Integrated Products, Inc.		8,094
	211	Merck & Co., Inc.		12,246
	50	MetLife, Inc.		2,696
	194	Microsoft Corp.		9,103
	81	PNC Financial Services Group, Inc.		6,972
	67	Procter & Gamble Co.		5,882
	33	Southern Co.		1,525
	62	Verizon Communications, Inc.		3,133
	112	Xcel Energy, Inc.		3,735
				121,418
		Total Common Stocks
		(Cost $279,009)	$	275,937
Preferred Stocks - 0.9%
		Germany - 0.9%
	62	ProSieben Sat.1 Media AG	$	2,514
		United States - 0.0%
	2	Pure Storage, Inc. ⌂●†		35
		Total Preferred Stocks
		(Cost $2,902)	$	2,549
		Total Long-Term Investments
		(Cost $281,911)	$	278,486
Short-Term Investments - 1.1%
		Repurchase Agreements - 1.1%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $9, collateralized by U.S. Treasury Note 1.50%, 2019, value of $9)
$	9	0.08%, 10/31/2014	$	9

The accompanying notes are an integral part of these financial statements.

5

Hartford Global Equity Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Short-Term Investments - 1.1% - (continued)
		Repurchase Agreements - 1.1% - (continued)
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $157, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $160)
$	157	0.09%, 10/31/2014	$	157
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $42, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $43)
	42	0.08%, 10/31/2014		42
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $143, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $146)
	143	0.10%, 10/31/2014		143
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $538, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $549)
	538	0.08%, 10/31/2014		538
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $619, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $631)
	619	0.09%, 10/31/2014		619
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $36, collateralized by U.S. Treasury Note 0.88%, 2017, value of $36)
	36	0.13%, 10/31/2014		36
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $53, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $54)
	53	0.07%, 10/31/2014		53
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $554, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $565)
	554	0.08%, 10/31/2014		554

	TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,073, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $1,095)
1,073	0.10%, 10/31/2014				1,073
					3,224
	Total Short-Term Investments
	(Cost $3,224)			$	3,224
	Total Investments
	(Cost $285,135) ▲	99.3	%	$	281,710
	Other Assets and Liabilities	0.7	%		2,051
	Total Net Assets	100.0	%	$	283,761

The accompanying notes are an integral part of these financial statements.

6

Hartford Global Equity Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $285,153 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	8,850
Unrealized Depreciation		(12,293	)
Net Unrealized Depreciation	$	(3,443	)

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $132, which rounds to zero percent of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

● Non-income producing.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
05/2012		7	Dropbox, Inc.	$	64
04/2014		2	Pure Storage, Inc. Preferred		39

At October 31, 2014, the aggregate value of these securities was $132, which rounds to zero percent of total net assets.

Foreign Currency Contracts Outstanding at October 31, 2014

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
JPY	Sell	11/06/2014	DEUT	$	943	$	937	$	6	$	–
JPY	Sell	11/05/2014	UBS		668		649		19		–
Total								$	25	$	–

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
DEUT	Deutsche Bank Securities, Inc.
UBS	UBS AG
Currency Abbreviations:
JPY	Japanese Yen
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

7

Hartford Global Equity Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
China	$	9,051	$	–	$	9,051	$	–
France		12,776		2,271		10,505		–
Germany		12,932		–		12,932		–
Italy		4,186		–		4,186		–
Japan		21,355		–		21,355		–
Netherlands		13,859		–		13,859		–
Norway		5,330		–		5,330		–
Spain		4,186		–		4,186		–
Sweden		5,811		–		5,811		–
Switzerland		19,427		–		19,427		–
Taiwan		3,910		–		3,910		–
Thailand		3,190		–		3,190		–
United Kingdom		38,506		1,239		37,267		–
United States		121,418		121,321		–		97
Total	$	275,937	$	124,831	$	151,009	$	97
Preferred Stocks		2,549		–		2,514		35
Short-Term Investments		3,224		–		3,224		–
Total	$	281,710	$	124,831	$	156,747	$	132
Foreign Currency Contracts*	$	25	$	–	$	25	$	–
Total	$	25	$	–	$	25	$	–

♦ For the year ended October 31, 2014, investments valued at $489 were transferred from Level 1 to Level 2, and investments valued at $599 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales		Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Common Stocks	$	340	$	—	$	17	†	$	—	$	—	$	—	$	—	$	(260	)	$	97
Preferred Stocks		—		—		(4	)‡		—		39		—		—		—			35
Total	$	340	$	—	$	13		$	—	$	39	$	—	$	—	$	(260	)	$	132

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $17.

‡ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(4).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

8

Hartford Global Equity Income Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $285,135)	$	281,710
Cash		1
Foreign currency on deposit with custodian (cost $5)		5
Unrealized appreciation on foreign currency contracts		25
Receivables:
Investment securities sold		1,586
Fund shares sold		335
Dividends and interest		588
Other assets		59
Total assets		284,309
Liabilities:
Payables:
Fund shares redeemed		450
Investment management fees		40
Administrative fees		—
Distribution fees		6
Accrued expenses		52
Total liabilities		548
Net assets	$	283,761
Summary of Net Assets:
Capital stock and paid-in-capital	$	281,635
Undistributed net investment income		497
Accumulated net realized gain		5,057
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(3,428	)
Net assets	$	283,761
Shares authorized		900,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$11.72/$12.40
Shares outstanding		6,471
Net assets	$	75,862
Class B: Net asset value per share	$	11.49
Shares outstanding		192
Net assets	$	2,208
Class C: Net asset value per share	$	11.47
Shares outstanding		903
Net assets	$	10,356
Class I: Net asset value per share	$	11.74
Shares outstanding		117
Net assets	$	1,377
Class R3: Net asset value per share	$	11.69
Shares outstanding		40
Net assets	$	465
Class R4: Net asset value per share	$	11.73
Shares outstanding		43
Net assets	$	508
Class R5: Net asset value per share	$	11.75
Shares outstanding		56
Net assets	$	659
Class Y: Net asset value per share	$	11.74
Shares outstanding		16,387
Net assets	$	192,326

The accompanying notes are an integral part of these financial statements.

9

Hartford Global Equity Income Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	4,099
Interest		3
Less: Foreign tax withheld		(286	)
Total investment income		3,816
Expenses:
Investment management fees		1,264
Administrative services fees
Class R3		1
Class R4		1
Class R5		—
Transfer agent fees
Class A		188
Class B		12
Class C		27
Class I		1
Class R3		—
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		166
Class B		26
Class C		103
Class R3		2
Class R4		1
Custodian fees		23
Accounting services fees		29
Registration and filing fees		129
Board of Directors' fees		3
Audit fees		38
Other expenses		39
Total expenses (before waivers and fees paid indirectly)		2,053
Expense waivers		(222	)
Transfer agent fee waivers		(4	)
Commission recapture		(1	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(227	)
Total expenses, net		1,826
Net Investment Income		1,990
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		15,920
Net realized gain on foreign currency contracts		140
Net realized loss on other foreign currency transactions		(56	)
Net Realized Gain on Investments and Foreign Currency Transactions		16,004
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(15,541	)
Net unrealized appreciation of foreign currency contracts		24
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(29	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(15,546	)
Net Gain on Investments and Foreign Currency Transactions		458
Net Increase in Net Assets Resulting from Operations	$	2,448

The accompanying notes are an integral part of these financial statements.

10

Hartford Global Equity Income Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	1,990		$	460
Net realized gain on investments and foreign currency transactions		16,004			11,708
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(15,546	)		7,702
Net Increase in Net Assets Resulting from Operations		2,448			19,870
Distributions to Shareholders:
From net investment income
Class A		(459	)		(887	)
Class B		—			(31	)
Class C		—			(103	)
Class I		(13	)		(17	)
Class R3		(2	)		(7	)
Class R4		(4	)		(7	)
Class R5		(7	)		(7	)
Class Y		(1,312	)		(538	)
Total from net investment income		(1,797	)		(1,597	)
From net realized gain on investments
Class A		(5,062	)		—
Class B		(255	)		—
Class C		(846	)		—
Class I		(53	)		—
Class R3		(43	)		—
Class R4		(36	)		—
Class R5		(35	)		—
Class Y		(334	)		—
Total from net realized gain on investments		(6,664	)		—
Total distributions		(8,461	)		(1,597	)
Capital Share Transactions:
Class A		17,463			793
Class B		(791	)		(1,247	)
Class C		497			(1,124	)
Class I		339			136
Class R3		(36	)		44
Class R4		78			14
Class R5		249			8
Class Y		193,120			(21,713	)
Net increase (decrease) from capital share transactions		210,919			(23,089	)
Net Increase (Decrease) in Net Assets		204,906			(4,816	)
Net Assets:
Beginning of period		78,855			83,671
End of period	$	283,761		$	78,855
Undistributed (distributions in excess of) net investment income	$	497		$	190

The accompanying notes are an integral part of these financial statements.

11

Hartford Global Equity Income Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for Hartford Global Equity Income Fund (the "Fund"), a series of the Company, are included in this report. Prior to May 30, 2014, the Fund was known as The Hartford Global Research Fund.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

12

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a

13

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each

14

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such

15

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund had no when-issued or delayed-delivery investments as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	25	$	—	$	—	$	—	$	—	$	25
Total	$	—	$	25	$	—	$	—	$	—	$	—	$	25

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on foreign currency contracts	$	—	$	140	$	—	$	—	$	—	$	—	$	140
Total	$	—	$	140	$	—	$	—	$	—	$	—	$	140

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

Net change in unrealized appreciation of foreign currency contracts	$	—	$	24	$	—	$	—	$	—	$	—	$	24
Total	$	—	$	24	$	—	$	—	$	—	$	—	$	24

The derivatives held by the Fund as of October 31, 2014 are not subject to a master netting arrangement; therefore, no balance sheet offsetting disclosure is presented.

16

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	3,215	$	1,597
Long-Term Capital Gains ‡		5,246		—

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

17

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	3,988
Undistributed Long-Term Capital Gain		8,833
Accumulated Capital and Other Losses*		(7,249	)
Unrealized Depreciation†		(3,446	)
Total Accumulated Earnings	$	2,126

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	114
Accumulated Net Realized Gain (Loss)		(114	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows:

Year of Expiration	Amount
2015	$	887
2016		3,459
2017		169
2018		2,734
Total	$	7,249

During the year ended October 31, 2014, the Fund utilized $2,628 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to

18

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered for the period May 30, 2014 through October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million		0.7500%
On next $500 million		0.7000%
On next $4 billion		0.6900%
On next $5 billion		0.6850%
Over $10 billion		0.6700%

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered during the period November 1, 2013 through May 29, 2014.

Average Daily Net Assets	Annual Fee
On first $500 million		0.9000%
On next $500 million		0.8750%
On next $4 billion		0.8500%
On next $5 billion		0.8475%
Over $10 billion		0.8450%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion		0.018%
On next $5 billion		0.014%
Over $10 billion		0.010%

19

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. From May 30, 2014 through October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 29, 2016 as follows:

Class A		Class B		Class C		Class I		Class R3		Class R4		Class R5		Class Y
	1.25%		2.00%		2.00%		1.00%		1.45%		1.15%		0.85%		0.80%

From November 1, 2013 through May 29, 2014, the investment manager contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses as follows:

Class A		Class B		Class C		Class I		Class R3		Class R4		Class R5		Class Y
	1.45%		2.20%		2.20%		1.20%		1.65%		1.35%		1.05%		1.00%

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.36	%
Class B		2.12
Class C		2.11
Class I		1.10
Class R3		1.57
Class R4		1.26
Class R5		0.95
Class Y		0.80

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $501 and contingent deferred sales charges of $1 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A

20

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R3		68	%		—	%*
Class R4		85			—	*
Class R5		67			—	*

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		66%

* Percentage rounds to zero.

21

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	341,212	$	—	$	341,212
Sales Proceeds		140,689		—		140,689

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		1,956		486		(934	)		1,508			836		88		(859	)		65
Amount	$	23,005	$	5,333	$	(10,875	)	$	17,463		$	8,896	$	859	$	(8,962	)	$	793
Class B
Shares		11		21		(100	)		(68	)		6		3		(129	)		(120	)
Amount	$	119	$	230	$	(1,140	)	$	(791	)	$	66	$	28	$	(1,341	)	$	(1,247	)
Class C
Shares		145		73		(171	)		47			49		10		(168	)		(109	)
Amount	$	1,672	$	776	$	(1,951	)	$	497		$	519	$	95	$	(1,738	)	$	(1,124	)
Class I
Shares		98		4		(73	)		29			69		1		(56	)		14
Amount	$	1,159	$	48	$	(868	)	$	339		$	722	$	14	$	(600	)	$	136
Class R3
Shares		2		4		(9	)		(3	)		6		1		(3	)		4
Amount	$	20	$	45	$	(101	)	$	(36	)	$	64	$	7	$	(27	)	$	44
Class R4
Shares		6		4		(3	)		7			—		1		—			1
Amount	$	66	$	40	$	(28	)	$	78		$	7	$	7	$	—		$	14
Class R5
Shares		20		4		(3	)		21			—		1		—			1
Amount	$	235	$	41	$	(27	)	$	249		$	1	$	7	$	—		$	8
Class Y
Shares		16,614		142		(700	)		16,056			257		55		(2,378	)		(2,066	)
Amount	$	199,934	$	1,646	$	(8,460	)	$	193,120		$	2,619	$	538	$	(24,870	)	$	(21,713	)
Total
Shares		18,852		738		(1,993	)		17,597			1,223		160		(3,593	)		(2,210	)
Amount	$	226,210	$	8,159	$	(23,450	)	$	210,919		$	12,894	$	1,555	$	(37,538	)	$	(23,089	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		28	$	325
For the Year Ended October 31, 2013		38	$	408

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in

22

Hartford Global Equity Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

23

Hartford Global Equity Income Fund

Financial Highlights

	- Selected Per-Share Data - (A)																									- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	11.96	$	0.13		$	0.71		$	0.84		$	(0.08	)	$	(1.00	)	$	(1.08	)	$	11.72		7.66	%	$	75,862		1.57	%		1.36	%		1.08	%
B		11.75		0.03			0.71			0.74			–			(1.00	)		(1.00	)		11.49		6.90			2,208		2.52			2.12			0.26
C		11.73		0.04			0.70			0.74			–			(1.00	)		(1.00	)		11.47		6.91			10,356		2.31			2.11			0.32
I		12.00		0.16			0.70			0.86			(0.12	)		(1.00	)		(1.12	)		11.74		7.89			1,377		1.17			1.10			1.35
R3		11.92		0.10			0.70			0.80			(0.03	)		(1.00	)		(1.03	)		11.69		7.41			465		1.77			1.57			0.81
R4		11.97		0.14			0.71			0.85			(0.09	)		(1.00	)		(1.09	)		11.73		7.80			508		1.45			1.26			1.19
R5		12.01		0.18			0.71			0.89			(0.15	)		(1.00	)		(1.15	)		11.75		8.12			659		1.13			0.95			1.53
Y		12.00		0.18			0.72			0.90			(0.16	)		(1.00	)		(1.16	)		11.74		8.22			192,326		0.87			0.80			1.54
For the Year Ended October 31, 2013
A	$	9.50	$	0.07		$	2.57		$	2.64		$	(0.18	)	$	–		$	(0.18	)	$	11.96		28.25	%	$	59,361		1.73	%		1.45	%		0.65	%
B		9.32		(0.01	)		2.53			2.52			(0.09	)		–			(0.09	)		11.75		27.22			3,057		2.66			2.20			(0.07	)
C		9.32		(0.01	)		2.53			2.52			(0.11	)		–			(0.11	)		11.73		27.27			10,041		2.43			2.20			(0.09	)
I		9.54		0.09			2.58			2.67			(0.21	)		–			(0.21	)		12.00		28.50			1,052		1.38			1.20			0.88
R3		9.47		0.05			2.57			2.62			(0.17	)		–			(0.17	)		11.92		28.03			517		1.85			1.65			0.43
R4		9.52		0.08			2.56			2.64			(0.19	)		–			(0.19	)		11.97		28.24			436		1.54			1.35			0.75
R5		9.54		0.11			2.58			2.69			(0.22	)		–			(0.22	)		12.01		28.75			416		1.23			1.05			1.05
Y		9.53		0.10			2.60			2.70			(0.23	)		–			(0.23	)		12.00		28.84			3,975		1.14			1.00			1.02
For the Year Ended October 31, 2012
A	$	9.30	$	0.07		$	0.71		$	0.78		$	(0.02	)	$	(0.56	)	$	(0.58	)	$	9.50		9.52	%	$	46,551		1.78	%		1.45	%		0.82	%
B		9.17		–			0.71			0.71			–			(0.56	)		(0.56	)		9.32		8.78			3,542		2.69			2.20			0.05
C		9.17		0.01			0.70			0.71			–			(0.56	)		(0.56	)		9.32		8.78			8,994		2.47			2.20			0.06
I		9.33		0.09			0.73			0.82			(0.05	)		(0.56	)		(0.61	)		9.54		9.91			708		1.35			1.20			1.03
R3		9.26		0.06			0.71			0.77			–			(0.56	)		(0.56	)		9.47		9.38			371		1.86			1.65			0.63
R4		9.31		0.08			0.72			0.80			(0.03	)		(0.56	)		(0.59	)		9.52		9.72			334		1.55			1.35			0.91
R5		9.33		0.11			0.72			0.83			(0.06	)		(0.56	)		(0.62	)		9.54		10.04			322		1.24			1.05			1.21
Y		9.32		0.13			0.70			0.83			(0.06	)		(0.56	)		(0.62	)		9.53		10.12			22,849		1.10			1.00			1.48
For the Year Ended October 31, 2011
A	$	9.56	$	0.06		$	(0.27	)	$	(0.21	)	$	(0.05	)	$	–		$	(0.05	)	$	9.30		(2.22	)%	$	44,414		1.74	%		1.45	%		0.58	%
B		9.45		(0.02	)		(0.26	)		(0.28	)		–			–			–			9.17		(2.96	)		5,101		2.59			2.20			(0.17	)
C		9.45		(0.02	)		(0.26	)		(0.28	)		–			–			–			9.17		(2.96	)		10,009		2.41			2.20			(0.17	)
I		9.60		0.10			(0.28	)		(0.18	)		(0.09	)		–			(0.09	)		9.33		(1.93	)		526		1.21			1.10			1.05
R3		9.53		0.04			(0.27	)		(0.23	)		(0.04	)		–			(0.04	)		9.26		(2.42	)		294		1.81			1.65			0.38
R4		9.57		0.07			(0.27	)		(0.20	)		(0.06	)		–			(0.06	)		9.31		(2.09	)		299		1.51			1.35			0.68
R5		9.59		0.10			(0.27	)		(0.17	)		(0.09	)		–			(0.09	)		9.33		(1.81	)		292		1.20			1.05			0.98
Y		9.58		0.10			(0.26	)		(0.16	)		(0.10	)		–			(0.10	)		9.32		(1.77	)		67,387		1.10			1.00			1.00

See Portfolio Turnover information on the next page. 

24

Hartford Global Equity Income Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	8.01	$	0.04		$	1.52	$	1.56	$	(0.01	)	$	–	$	(0.01	)	$	9.56		19.48	%	$	47,429		1.85	%		1.48	%		0.48	%
B		7.97		(0.03	)		1.51		1.48		–			–		–			9.45		18.57			7,209		2.72			2.24			(0.30	)
C		7.97		(0.03	)		1.51		1.48		–			–		–			9.45		18.57			12,910		2.52			2.23			(0.30	)
I		8.02		0.07			1.53		1.60		(0.02	)		–		(0.02	)		9.60		20.00			517		1.26			1.12			0.87
R3		8.00		0.02			1.51		1.53		–			–		–			9.53		19.13			313		1.90			1.72			0.22
R4		8.01		0.04			1.52		1.56		–			–		–			9.57		19.48			299		1.60			1.45			0.49
R5		8.02		0.07			1.51		1.58		(0.01	)		–		(0.01	)		9.59		19.77			297		1.29			1.14			0.81
Y		8.01		0.07			1.52		1.59		(0.02	)		–		(0.02	)		9.58		19.92			47,067		1.21			1.07			0.91

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		90	%
For the Year Ended October 31, 2013		100
For the Year Ended October 31, 2012		107
For the Year Ended October 31, 2011		102
For the Year Ended October 31, 2010		100

25

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Hartford Global Equity Income Fund (formerly The Hartford Global Research Fund) (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Hartford Global Equity Income Fund (formerly The Hartford Global Research Fund) of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

26

Hartford Global Equity Income Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

27

Hartford Global Equity Income Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

28

Hartford Global Equity Income Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

29

Hartford Global Equity Income Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

30

Hartford Global Equity Income Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,006.00	$	6.47	$	1,000.00	$	1,018.75	$	6.51		1.28	%		184		365
Class B	$	1,000.00	$	1,002.60	$	10.26	$	1,000.00	$	1,014.96	$	10.33		2.03			184		365
Class C	$	1,000.00	$	1,002.60	$	10.25	$	1,000.00	$	1,014.97	$	10.31		2.03			184		365
Class I	$	1,000.00	$	1,008.00	$	5.06	$	1,000.00	$	1,020.16	$	5.09		1.00			184		365
Class R3	$	1,000.00	$	1,005.10	$	7.48	$	1,000.00	$	1,017.74	$	7.53		1.48			184		365
Class R4	$	1,000.00	$	1,006.60	$	5.97	$	1,000.00	$	1,019.25	$	6.01		1.18			184		365
Class R5	$	1,000.00	$	1,008.00	$	4.43	$	1,000.00	$	1,020.79	$	4.46		0.88			184		365
Class Y	$	1,000.00	$	1,009.30	$	4.05	$	1,000.00	$	1,021.17	$	4.08		0.80			184		365

31

Hartford Global Equity Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for Hartford Global Equity Income Fund (formerly The Hartford Global Research Fund) (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

32

Hartford Global Equity Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1- and 5-year periods and the 3^rd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods. The Board further noted recent changes to the Fund’s portfolio management team and principal investment strategy.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

33

Hartford Global Equity Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 3^rd quintile of its expense group, while its actual management fee was in the 2^nd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale, although the Board noted that the Fund’s current low asset levels have kept the Fund from fully realizing this benefit. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

34

Hartford Global Equity Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

35

Hartford Global Equity Income Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets.

Dividend Paying Security Investment Risk: Dividends are not guaranteed and are subject to change. Dividend paying securities as a group can fall out of favor with the market, causing the Fund to underperform.

Value Investing Risk: Value investments are considered to be undervalued, but they may never attain their potential value. Value-style investing falls in and out of favor, which may result in periods of underperformance.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

36

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services. 

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-GEI14 12/14 113980-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD  
GLOBAL REAL ASSET FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Global Real Asset Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Consolidated Financial Statements
Consolidated Schedule of Investments at October 31, 2014	6
Consolidated Statement of Assets and Liabilities at October 31, 2014	19
Consolidated Statement of Operations for the Year Ended October 31, 2014	21
Consolidated Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	22
Notes to Consolidated Financial Statements	23
Consolidated Financial Highlights	40
Report of Independent Registered Public Accounting Firm	42
Directors and Officers (Unaudited)	43
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	45
Quarterly Portfolio Holdings Information (Unaudited)	45
Federal Tax Information (Unaudited)	46
Expense Example (Unaudited)	47
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	48
Main Risks (Unaudited)	52

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Global Real Asset Fund inception 05/28/2010

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide long-term total returns that outpace inflation over a macroeconomic cycle.

Performance Overview 5/28/10 - 10/31/14

 

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year	Since       Inception▲
Global Real Asset A#	-4.03%	0.33%
Global Real Asset A##	-9.31%	-0.94%
Global Real Asset C#	-4.72%	-0.40%
Global Real Asset C##	-5.67%	-0.40%
Global Real Asset I#	-3.76%	0.60%
Global Real Asset R3#	-4.20%	0.11%
Global Real Asset R4#	-3.91%	0.39%
Global Real Asset R5#	-3.72%	0.64%
Global Real Asset Y#	-3.58%	0.70%
Barclays U.S. TIPS 1-10 Year Index	0.60%	3.04%
Bloomberg Commodity Index Total Return	-5.94%	-1.34%
Global Real Asset Fund Blended Index	-2.63%	3.01%
MSCI All Country World Commodity Producers Index	-4.45%	3.10%
MSCI All Country World Energy Index	-0.90%	8.11%
MSCI All Country World Metals & Mining Index	-13.52%	-6.81%
S&P Goldman Sachs Commodity Index	-12.01%	1.06%

▲ Inception: 05/28/2010

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Barclays U.S. TIPS 1-10 Year Index represents securities that protect against adverse inflation and provide a minimum level of real return. To be included in this index, bonds must have cash flows linked to an inflation index, be sovereign issues denominated in U.S. currency, and have maturities of 1 to 10 years.

Bloomberg Commodity Index Total Return (formerly Dow Jones UBS Commodities Index) is composed of commodities traded on U.S. exchanges, with the exception of aluminum, nickel and zinc, which trade on the London Metal Exchange (LME).

Global Real Asset Fund Blended Index is calculated by Hartford Funds Management Company, LLC (HFMC) and represents the weighted return of 55% MSCI All Country World Commodity Producers Index, 35% Barclays U.S. TIPS 1-10 Year Index and 10% Bloomberg Commodity Index Total Return.

MSCI All Country World Commodity Producers Index is a free float-adjusted market capitalization index that is designed to reflect the performance of listed commodity producers across three industry (or sub-industry) categories as defined by the Global Industry Classification Standard (GICS®): energy, metals and agriculture.

MSCI All Country World Energy Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets in the energy sector.

MSCI All Country World Metals & Mining Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets in the metals and mining industry.

S&P Goldman Sachs Commodity Index is a measure of general commodity price movements and inflation in the world economy.

The Fund has changed its equity benchmark from the MSCI All Country World Energy Index and MSCI All Country World Metals & Mining Index to the MSCI All Country World Commodity Producers Index. HFMC believes that the MSCI All Country World Commodity Producers Index better reflects the equity component of the Fund’s investment strategy. The Fund has changed its commodity benchmark from the S&P Goldman Sachs Commodity Index to the Dow Jones UBS Commodities Index. HFMC believes that the Dow Jones UBS Commodities Index better reflects the commodity component of the Fund’s investment strategy.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.

2

The Hartford Global Real Asset Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net	Gross
Global Real Asset Class A	1.37%	1.54%
Global Real Asset Class C	2.12%	2.26%
Global Real Asset Class I	1.12%	1.21%
Global Real Asset Class R3	1.62%	1.88%
Global Real Asset Class R4	1.32%	1.52%
Global Real Asset Class R5	1.07%	1.22%
Global Real Asset Class Y	1.02%	1.11%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Consolidated Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense waivers/reimbursements in instances when these reductions reduce the Fund's gross expenses. Certain contractual waivers/reimbursements remain in effect until October 31, 2015. Other contractual waivers/reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Managers
Scott M. Elliott	Brian M. Garvey	Jay Bhutani	Lindsay T. Politi
Senior Vice President and Asset Allocation Portfolio Manager	Vice President and Asset Allocation Portfolio Manager	Director and Natural Resources Portfolio Manager	Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Global Real Asset Fund returned -4.03%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s custom benchmark* (55% MSCI All Country World Commodity Producers Index, 35% Barclays U.S. TIPS 1–10 Year Index, and 10% Bloomberg Commodity Index Total Return, formerly known as the Dow Jones UBS Commodities Index), which returned -2.63% for the same period. The Fund underperformed the 5.48% average return of the Lipper Flexible Portfolio Funds peer group, a group of funds that allocate their investments across various asset classes, including domestic common stocks, bonds, and money market instruments, with a focus on total return. For the period, the MSCI All Country World Commodity Producers Index returned -4.45%, the Barclays U.S. TIPS 1–10 Year Index returned 0.60%, and the Bloomberg Commodity Index Total Return returned -5.94%

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks. Natural resource equities struggled during the period, as energy stocks were challenged in a weakened crude oil price environment towards the latter part of the period, coupled with a continued slowdown in commodities driven in part by slower growth in China. As a result, weak results from both energy companies and metals and mining related companies weighed on returns for global natural resource equities broadly.

Commodities returned -5.94% during the period as represented by Bloomberg Commodity Index Total Return. Industrial metals were the only one of the four commodity sectors to post positive returns. Agriculture and livestock, precious metals commodities, particularly silver and gold, and energy commodities, particularly heating and crude oil, posted negative returns during the period.

Treasury Inflation Protected Securities (TIPS) returns were positive for the twelve months ended October 31, 2014, though TIPS returned less than nominal Treasuries of similar durations. The TIPS curve flattened during the period; consequently, longer dated maturities outperformed shorter maturities. Breakeven inflation rates, which can be regarded as a proxy for the market’s inflation expectations, rose during the early part of the period before falling sharply in the 3^rd quarter of 2014 as a strengthening U.S. dollar and falling energy prices weighed on inflation.

The Fund has four primary levers to generate investment performance: inflation-related equity investments, inflation-related fixed income investments, commodity investments, and asset allocation among stocks, bonds, commodities, and cash. In aggregate, security selection was a headwind for the Fund’s performance during this period. Security selection was weakest in the energy and global gas opportunities sub-portfolios; this was

3

The Hartford Global Real Asset Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

partially offset by stronger selection within metals & mining and commodities. The team’s allocation decisions added value during this period. Our out-of-custom benchmark allocation to inflation-sensitive infrastructure equities, along with underweights to energy and metals & mining equities were additive. An underweight allocation to the portfolio’s safety asset (TIPS) and out-of-custom benchmark allocations to precious metals equities and inflation opportunities proved to be drags on the portfolio.

The commodities sub-portfolio outperformed its custom benchmark due to strong selection within agriculture and livestock as well as precious metals and an underweight to energy. Our marginal cash position within the portfolio also helped. This positive performance was partially offset by weak selection within energy and industrial metals.

Commodities exposure is gained through derivatives, primarily total return swaps and futures. As described above, these derivatives contributed positively to performance relative to the custom benchmark.

What is the outlook?

Our outlook remains constructive as we view this recent market drawdown as a temporary setback towards the manager’s assumption of continued but measured economic healing led by the U.S. along with a continuation of accommodative monetary policy globally. Valuations once again look to us to be quite compelling as a result of the selloff. Using a price-to-marginal cost framework, we believe commodity valuations have reached the most attractive level since June 2009. We will look to opportunistically add to favored asset classes within the Fund.

We ended the period underweight TIPS and overweight commodities and inflation sensitive equities.

* Until February 28, 2014, the custom benchmark consisted of 33% MSCI All Country World Energy Index, 16.5% MSCI All Country World Metals and Mining Index, 5.5% MSCI All Country World Agriculture/Chemicals and Forest, Paper, and Products Index, 35% Barclays U.S. TIPS 1–10 Year Index, and 10% S&P Goldman Sachs Commodity Index (2.5% Precious metals, 2.5% Industry metals, 2.5% Energy, 2.5% Agriculture and Livestock).

4

The Hartford Global Real Asset Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Credit Exposure
as of October 31, 2014
Credit Rating *	Percentage of Net Assets
Aa/ AA		16.3	%
A		1.2
Baa/ BBB		2.0
Not Rated		1.7
Non-Debt Securities and Other Short-Term Instruments		79.1
Other Assets and Liabilities		(0.3	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		0.4	%
Consumer Staples		2.0
Energy		32.1
Financials		1.8
Health Care		0.1
Industrials		2.5
Information Technology		0.5
Materials		16.2
Services		0.5
Utilities		4.8
Total		60.9	%
Foreign Government Obligations		5.0	%
Purchased Options		0.0
U.S. Government Securities		16.2
Short-Term Investments		18.2
Other Assets and Liabilities		(0.3	)
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

Diversification by Country

as of October 31, 2014

	Percentage of
Country	Net Assets
Australia		3.2	%
Austria		0.1
Belgium		0.6
Brazil		3.1
Canada		6.6
Cayman Islands		0.1
Chile		0.0
China		1.8
Colombia		0.0
Egypt		0.0
France		1.8
Germany		0.3
Hong Kong		1.4
India		0.2
Indonesia		0.0
Ireland		0.0
Israel		1.0
Italy		1.6
Japan		2.7
Jersey		0.8
Luxembourg		0.3
Mauritius		0.0
Mexico		1.4
Netherlands		2.7
Norway		0.8
Papua New Guinea		0.0
Peru		0.1
Philippines		0.0
Poland		0.1
Portugal		0.5
Russia		0.9
Singapore		0.2
South Africa		1.0
South Korea		0.8
Spain		0.2
Sweden		0.4
Switzerland		0.7
Taiwan		0.2
Thailand		0.4
Turkey		0.8
United Kingdom		6.9
Zambia		0.0
United States		38.4
Short-Term Investments		18.2
Purchased Options		0.0
Other Assets and Liabilities		(0.3	)
Total		100.0	%

5

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 60.6%
		Automobiles and Components - 0.1%
	15	Toyoda Gosei Co., Ltd.	$	282
		Banks - 0.5%
	10	Banca Popolare dell-Emilia Romagna Scrl ●		78
	95	Banco Espirito Santo S.A. ⌂●†		2
	13	Dah Sing Financial Group		82
	34	HSBC Holdings plc		350
	8	KB Financial Group, Inc.		322
	59	Mitsubishi UFJ Financial Group, Inc.		343
	18	Standard Chartered plc		265
	8	Sumitomo Mitsui Financial Group, Inc.		335
	33	UniCredit S.p.A.		238
				2,015
		Capital Goods - 1.9%
	90	Beijing Enterprises Holdings Ltd.		738
	15	Caterpillar, Inc.		1,534
	2	CNH Industrial N.V.		16
	7	Compagnie De Saint-Gobain		320
	67	Cosco Corp. Singapore Ltd.		31
	—	Cummins, Inc.		20
	2	Deere & Co.		173
	10	Hino Motors Ltd.		145
	—	Hitachi Construction Machine Co., Ltd.		7
	45	Japan Steel Works Ltd.		161
	3	John Bean Technologies Corp.		79
	102	KBR, Inc.		1,944
	1	Komatsu Ltd.		28
	34	Kubota Corp.		543
	1	Man AG		91
	2	PACCAR, Inc.		137
	27	Sembcorp Marine Ltd.		77
	38	Vallourec S.A.		1,380
	14	Vinci S.A.		776
	17	Yangzigiang Shipbuilding Holdings Ltd.		15
				8,215
		Commercial and Professional Services - 0.1%
	5	Ceres Global AG Corp. ●		27
	5	Ceres Global AG Corp. Rights		2
	5	En-Japan, Inc.		86
	51	Hays plc		100
	8	USG People N.V.		78
				293
		Diversified Financials - 0.3%
	8	Groupe Bruxelles Lambert S.A.		702
	4	Julius Baer Group Ltd.		172
	6	Pico Holdings, Inc. ●		139
	15	UBS AG		264
	23	Uranium Participation Corp. ●		101
				1,378
		Energy - 32.1%
	34	Anadarko Petroleum Corp.		3,139
	19	Antero Resources Corp. ●		993
	32	Apache Corp.		2,478
	19	Baker Hughes, Inc.		1,003
	1	Baytex Energy Corp.		19
	1,690	Beach Energy Ltd.		1,748
	367	BG Group plc		6,113
	509	BP plc		3,661
	6	BP plc ADR		281
	531	Buru Energy Ltd. ●		320
	104	Cabot Oil & Gas Corp.		3,220
	2	Cameco Corp.		36
	66	Canacol Energy Ltd. ●		227
	3	Canadian Natural Resources Ltd. ADR		103
	2	Cenovus Energy, Inc.		50
	3	Chesapeake Energy Corp.		65
	58	Chevron Corp.		6,920
	930	China Petroleum & Chemical Corp. Class H		807
	3,886	China Suntien Green Energy		1,032
	15	Cimarex Energy Co.		1,747
	90	Cobalt International Energy, Inc. ●		1,055
	—	Concho Resources, Inc. ●		37
	81	ConocoPhillips Holding Co.		5,854
	43	Consol Energy, Inc.		1,565
	2	Denbury Resources, Inc.		21
	1	Devon Energy Corp.		72
	—	Diamond Offshore Drilling, Inc.		17
	19	Diamondback Energy, Inc. ●		1,309
	554	DNO International ASA ●		1,341
	47	Eclipse Resources Corp. ●		620
	24	Enbridge Energy Management		857
	143	Enbridge, Inc.		6,781
	19	EnCana Corp.		361
	32	Energen Corp.		2,151
	40	Energy Resources of Australia Ltd. ●		46
	200	Eni S.p.A.		4,265
	3	Eni S.p.A. ADR		132
	1	Ensco plc		32
	44	EOG Resources, Inc.		4,219
	6	EQT Corp.		600
	148	Exxon Mobil Corp.		14,272
	144	Galp Energia SGPS S.A.		2,086
	17	Golar Ltd.		974
	21	Halliburton Co.		1,156
	449	Harum Energy Tbk PT		59
	1	Hess Corp.		67
	1,220	Hilong Holdings Ltd.		396
	1	HollyFrontier Corp.		28
	2	Husky Energy, Inc.		45
	61	Imperial Oil Ltd.		2,900
	55	Indo Tambangraya Megah PT		96
	31	Inpex Corp.		395
	10	Interoil Corp. ●		575
	8	Japan Petroleum Exploration Co., Ltd.		275
	7	Keyera Corp.		542
	29	Kinder Morgan, Inc.		1,130
	428	Kunlun Energy Co., Ltd.		568
	35	Laredo Petroleum, Inc. ●		655
	20	Legacy Oil + Gas, Inc. ●		81
	4	Lukoil ADR		211
	85	Lundin Petroleum Ab ●		1,205
	481	Madalena Energy, Inc. ●		134
	3	Marathon Oil Corp.		92
	1	Marathon Petroleum Corp.		81
	1	Murphy Oil Corp.		51
	—	Murphy USA, Inc. ●		21
	2	Nabors Industries Ltd.		35
	1	National Oilwell Varco, Inc.		65
	1	Noble Corp. plc		17
	1	Noble Energy, Inc.		63

The accompanying notes are an integral part of these financial statements.

6

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 60.6% - (continued)
		Energy - 32.1% - (continued)
	—	NOW, Inc. ●	$	6
	311	OAO Gazprom Class S ADR		2,064
	182	OAO Rosneft Oil Co. GDR §		1,015
	2	Occidental Petroleum Corp.		201
	239	Oil Search Ltd.		1,835
	609	Ophilr Energy plc ●		1,810
	1	Pacific Rubiales Energy Corp.		16
	10	Painted Pony Petroleum Ltd. ●		99
	—	Paragon Offshore plc ●		1
	40	Paramount Resources Ltd. ●		1,681
	2	Pembina Pipeline Corp.		79
	1,450	PetroChina Co., Ltd.		1,815
	324	Petroleo Brasileiro S.A. ADR		3,890
	1	Phillips 66		113
	12	Pioneer Natural Resources Co.		2,197
	16	Prairiesky Royalty Ltd.		506
	1	QEP Resources, Inc.		26
	16	Range Resources Corp.		1,077
	12	Rice Energy, Inc. ●		327
	312	Royal Dutch Shell plc		11,163
	9	Royal Dutch Shell plc ADR		650
	3	Schlumberger Ltd.		341
	2	Seadrill Ltd.		44
	11	Seven Generations Energy Ltd. ●☼		228
	—	Seventy Seven Energy, Inc. ●		3
	55	Southwestern Energy Co. ●		1,794
	2	Spectra Energy Corp.		65
	4	Statoilhydro ASA ADR		89
	41	Storm Resources Ltd. ●		183
	5	Suncor Energy, Inc.		169
	34	Talisman Energy, Inc.		220
	9	Targa Resources Corp.		1,219
	30	Technip S.A.		2,154
	1	Tenaris S.A. ADR		50
	21	Total S.A.		1,230
	5	Total S.A. ADR		323
	20	Transcanada Corp.		984
	1	Transocean, Inc.		31
	97	Trican Well Service Ltd.		868
	22	Trilogy Energy Corp.		345
	175	Tullow Oil plc		1,365
	1	Valero Energy Corp.		68
	1	Vermilion Energy, Inc.		66
	2	Weatherford International plc ●		40
	20	Whiting Petroleum Corp. ●		1,204
				137,226
		Food and Staples Retailing - 0.0%
	3	Andersons (The), Inc.		166
		Food, Beverage and Tobacco - 2.0%
	19	Adecoagro S.A. ●		172
	5	Anheuser-Busch InBev N.V. ADR		532
	48	Archer-Daniels-Midland Co.		2,240
	17	BRF Brasil Foods S.A. ADR		433
	6	BRF S.A.		151
	9	Bunge Ltd. Finance Corp.		836
	214	Charoen Pokphand Foods Ltd.		205
	82	China Agri-Industries Holdings		31
	176	China Foods Ltd. ●		66
	217	China Modern Dairy Holdings Ltd. ●		96
	20	Cosan Ltd.		215
	10	Dean Foods Co.		149
	377	Golden Agri Resources Ltd.		153
	8	GrainCorp Ltd.		62
	5	Ingredion, Inc.		393
	2	Kraft Foods Group, Inc.		137
	5	Limoneira Co.		140
	7	McLeod Russel India Ltd.		31
	2	MHP S.A. §		21
	36	Minerva S.A. ●		186
	1	Monster Beverage Corp. ●		60
	8	New Britain Palm Oil Ltd.		82
	13	PureCircle Ltd. ●		120
	2	S&W Seed Co. ●		6
	12	SLC Agricola S.A.		80
	8	Suedzucker AG		116
	16	Tate & Lyle plc		155
	58	Treasury Wine Estates Ltd.		238
	10	Tyson Foods, Inc. Class A		405
	331	Wilmar International Ltd.		825
	60	Zambeef Products plc ●		16
				8,352
		Insurance - 0.4%
	19	Dai-ichi Life Insurance Co., Ltd.		283
	9	Delta Lloyd N.V.		209
	18	Hanwha Life Insurance Co., Ltd. ●		141
	17	QBE Insurance Group Ltd.		174
	526	Shin Kong Financial Holding Co., Ltd.		160
	28	Storebrand ASA ●		145
	28	T&D Holdings, Inc.		362
	8	Tongyang Life Insurance		90
				1,564
		Materials - 16.2%
	9	African Barrick Gold Ltd.		29
	6	African Rainbow Minerals Ltd. ☼		79
	14	Agnico Eagle Mines Ltd.		323
	12	Agrium, Inc.		1,179
	16	Aichi Steel Corp.		58
	15	Alacer Gold Corp.		25
	8	Alamos Gold, Inc.		62
	76	Alcoa, Inc.		1,275
	5	Alexco Resource ●		3
	2	Allegheny Technologies, Inc.		72
	5	Allied Nevada Gold Corp. ●		8
	145	Alumina Ltd. ●☼		209
	115	Aluminum Corp. of China Ltd. ●		51
	12	Anglo American Platinum Ltd. ●		372
	106	Anglo American plc		2,235
	24	AngloGold Ltd. ADR		196
	22	Antofagasta plc		244
	222	Aquarius Platinum Ltd. ●		59
	53	ArcelorMittal		691
	31	ArcelorMittal ADR		408
	5	ArcelorMittal South Africa Ltd. ●☼		15
	9	Argonaut Gold, Inc. ●		18
	1	Asahi Holdings, Inc.		22
	7	Asanko Gold, Inc. ●		11
	2	Assore Ltd. ☼		41
	15	AuRico Gold, Inc.		47
	18	Avocet Mining plc ●		1

The accompanying notes are an integral part of these financial statements.

7

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 60.6% - (continued)
		Materials - 16.2% - (continued)
	50	B2Gold Corp. ●	$	83
	19	Banro Corp. ●		3
	94	Barrick Gold Corp.		1,121
	47	Beadell Resources Ltd. ●		10
	14	Belo Sun Mining Corp. ●		2
	178	BHP Billiton Ltd. ☼		5,325
	17	BHP Billiton Ltd. ADR		1,036
	114	BHP Billiton plc		2,936
	16	BHP Billiton plc ADR		833
	15	Boliden Ab		245
	13	Bradespar S.A.		88
	17	Buzzi Unicem S.p.A.		228
	4	Capital S.A.		39
	70	Centamin plc		57
	36	Centerra Gold, Inc.		141
	4	CF Industries Holdings, Inc.		1,083
	9	China Gold International Resources Corp. ●		17
	210	China Precious Metal Resources Holdings Co., Ltd. ●		22
	655	China Steel Corp.		565
	3	Cliff's Natural Resources, Inc.		38
	4	CNK International Co., Ltd. ⌂●†		5
	6	Coeur Mining, Inc. ●		22
	—	Colossus Minerals, Inc. ●†		—
	42	Companhia Sider·rgica Nacional		140
	12	Compania De Minas Buenaventur ADR		113
	5	Continental Gold Ltd. ●		8
	9	CRH plc		195
	16	Daido Steel Co., Ltd. ☼		62
	8	Detour Gold Corp. ●		46
	6	Dominion Diamond Corp. ●		79
	41	DRDGOLD Ltd. ●		11
	7	Dundee Precious Metals, Inc. ●		20
	5	EcoSynthetix, Inc. ●		7
	94	Eldorado Gold Corp.		512
	7	Endeavor Silver Corp. ●		23
	32	Endeavour Mining Corp. ●		14
	86	Eregli Demir ve Celik Fabrikalari T.A.S.		179
	9	Feng Hsin Iron & Steel Co.		12
	8	First Majestic Silver Corp. ●		40
	39	First Quantum Minerals Ltd.		592
	82	Fortescue Metals Group Ltd. ☼		254
	8	Fortuna Silver Mines, Inc. ●		27
	57	Fosun International		67
	10	Franco-Nevada Corp.		470
	71	Freeport-McMoRan, Inc.		2,017
	12	Fresnillo plc		138
	9	Fujimi, Inc.		118
	17	Gabriel Resources Ltd. ●		10
	9	Gem Diamonds Ltd. ●		22
	51	Gerdau S.A.		228
	559	Glencore plc		2,870
	50	Gold Fields Ltd.		162
	2	Gold Resource Corp.		8
	54	Goldcorp, Inc.		1,019
	18	Golden Star Resources Ltd. ●		5
	4,659	G-Resources Group Ltd. ●		114
	225	Grupo Mexico S.A.B. de C.V.		775
	26	Gryphon Minerals Ltd. ●		2
	7	Guyana Goldfields, Inc. ●		15
	27	Harmony Gold Mining Co., Ltd. ●		44
	22	Hecla Mining Co.		48
	15	Highland Gold Mining Ltd.		9
	56	Hindalco Industries Ltd.		149
	17	Hitachi Chemical Co., Ltd.		307
	10	Hitachi Metals Ltd. ☼		177
	12	Hochschild Mining plc ●		19
	2	Holcim Ltd.		175
	6	Holmen AB Class B		184
	1	Hyundai Hysco		33
	4	Hyundai Steel Co.		251
	25	IAMGOLD Corp. ●		47
	26	Iluka Resources Ltd. ☼		166
	73	Impala Platinum Holdings Ltd. ●		535
	10	Industrias CH S.A. ●		52
	9	Industrias Penoles S.A.B. de C.V.		214
	3	International Paper Co.		157
	23	Israel Chemicals Ltd.		157
	—	Israel Corp., Ltd. ●		113
	3	Jastrzebska Spolka Weglowa S.A. ●		22
	28	JFE Holdings, Inc. ☼		559
	80	Jiangxi Copper Co., Ltd.		142
	21	Jindal Steel & Power Ltd.		55
	18	JSR Corp.		326
	3	JSW Steel Ltd.		71
	6	K&S AG		175
	8	KGHM Polska Miedz S.A.		310
	11	Kingsgate Consolidated Ltd. ●		7
	20	Kingsrose Mining Ltd. ●		6
	188	Kinross Gold Corp. ●		405
	147	Kobe Steel Ltd. ☼		233
	—	Korea Zinc Co., Ltd.		180
	3	Koza Altin Isletmeleri A.S.		22
	5	Kumba Iron Ore Ltd. ☼		119
	3	Lafarge S.A.		176
	827	Lepanto Consolidated Mining Co. ●		6
	39	LionGold Corp. Ltd. ●		1
	95	Lonmin plc ●		268
	3	MAG Silver Corp. ●		17
	7	Maruichi Steel Tube Ltd. ☼		173
	11	McEwen Mining, Inc. ●		14
	6	MeadWestvaco Corp.		258
	11	Medusa Mining Ltd. ●		6
	16	Metalurgica Gerdau S.A.		87
	7	Midas Gold Corp. ●		3
	36	Minera Frisco S.A.B. de C.V. ●		64
	62	Mitsubishi Materials Corp. ☼		193
	100	Mitsui Chemicals, Inc.		290
	16	MMC Norilsk Nickel OJSC ADR		296
	7,140	Mongolian Mining Corp. ●		635
	25	Monsanto Co.		2,892
	18	Mosaic Co.		785
	5	Neturen Co., Ltd.		36
	12	Nevsun Resources Ltd.		42
	32	New Gold, Inc. ●		118
	52	Newcrest Mining Ltd. ●		423
	42	Newmont Mining Corp.		788
	10	NGEx Resources, Inc. ●		12
	418	Nippon Steel & Sumitomo Metal Corp. ☼		1,103
	5	Nitto Denko Corp.		276

The accompanying notes are an integral part of these financial statements.

8

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 60.6% - (continued)
		Materials - 16.2% - (continued)
	54	Norsk Hydro ASA	$	303
	14	North American Palladium Ltd. ●		2
	20	Northern Platinum Ltd. ●		63
	21	Northern Star Resources Ltd.		21
	15	NovaGold Resources, Inc. ●		36
	3	Novolipetsk Steel §		41
	22	Nucor Corp.		1,175
	20	OceanaGold Corp. ●		33
	19	Oji Holdings Corp.		67
	3	Osisko Gold Royalties Ltd. ●		37
	5	OZ Minerals Ltd. ☼		16
	86	Pan African Resources plc		16
	11	Pan American Silver Corp.		100
	10	Paramount Gold & Silver Corp. ●		6
	31	Perseus Mining Ltd. ●		8
	25	Petra Diamonds Ltd. ●		65
	12	Petropavlovsk plc ●		4
	4	Posco Ltd.		1,097
	42	Potash Corp. of Saskatchewan, Inc.		1,420
	9	Premier Gold Mines Ltd. ●		14
	5	Pretium Resources, Inc. ●		22
	5	Primero Mining Corp. ●		18
	513	PTT Chemical Public Co., Ltd.		974
	6	Randgold Resources Ltd.		348
	21	Regis Resources Ltd. ●		25
	225	Resolute Mining Ltd. ●		63
	25	Rio Tinto Ltd. ☼		1,315
	70	Rio Tinto plc		3,312
	21	Rio Tinto plc ADR		993
	7	Royal Bafokeng Platinum Ltd. ●		37
	4	Royal Gold, Inc.		234
	17	Rubicon Minerals Corp. ●		14
	7	Salzgitter AG		222
	24	San Gold Corp. ●		1
	4	Sandstorm Gold Ltd. ●		10
	2	Seabridge Gold, Inc. ●		14
	18	Semafo, Inc. ●		44
	55	Sesa Sterlite Ltd.		231
	8	Severstal GDR §		86
	150	Shougang Fushan Resources Group Ltd.		34
	49	Sibanye Gold Ltd.		92
	22	Silver Lake Resources Ltd. ●		5
	6	Silver Standard Resources, Inc. ●		24
	24	Silver Wheaton Corp.		419
	11	Silvercorp Metals, Inc.		13
	3	Sims Metal Management Ltd. ☼		34
	8	Southern Copper Corp.		244
	3	SSAB AB ●		24
	32	St. Barbara Ltd. ●		3
	7	Stillwater Mining Co. ●		92
	51	Sumitomo Bakelite Co., Ltd.		201
	29	Sumitomo Metal Mining Co., Ltd. ☼		407
	6	Syngenta AG		1,769
	6	Tahoe Resources, Inc. ●		101
	6	Tanzanian Royalty Exploration Corp. ●		7
	18	Tata Steel Ltd.		146
	37	Teck Cominco Ltd. Class B		585
	21	ThyssenKrupp AG ●		505
	7	Timmins Gold Corp. ●		7
	26	Tokyo Steel Manufacturing Co., Ltd.		141
	40	Torex Gold Resources, Inc. ●		43
	26	Turquoise Hill Resources Ltd. ●		87
	32	Umicore S.A.		1,245
	4	United States Steel Corp.		169
	21	Usinas Siderurgicas De Minas Gerais S.A. ●		49
	210	Vale S.A.		1,928
	6	Vedanta Resources plc		80
	—	Veritiv Corp. ●		3
	6	Voestalpine AG		250
	58	Yamana Gold, Inc.		233
	8	Yamato Kogyo Co. ☼		271
	16	Yara International ASA		732
	14	Yodogawa Steel Works Ltd.		55
	56	Zhaojin Mining Industry Co., Ltd.		30
	394	Zijin Mining Group Co., Ltd.		101
				69,053
		Media - 0.2%
	17	Comcast Corp. Class A		952
		Pharmaceuticals, Biotechnology and Life Sciences - 0.1%
	3	Evogene Ltd. ●		33
	9	Genus plc		177
	1	Ouro Fino Saude Animal Participacoes S.A. ●		12
	9	Zoetis, Inc.		338
				560
		Real Estate - 0.3%
	22	Equity Lifestyle Properties, Inc. REIT		1,090
		Retailing - 0.1%
	7	Adastria Holdings Co., Ltd.		156
	—	CST Brands, Inc.		10
	1	Shimamura Co., Ltd.		123
	9	XEBIO Co., Ltd.		133
				422
		Semiconductors and Semiconductor Equipment - 0.4%
	20	First Solar, Inc. ●		1,160
	59	SCREEN Holdings Co., Ltd.		322
	34	Shinko Electric Industries Co., Ltd.		198
	10	Tokyo Seimitsu Co., Ltd.		169
				1,849
		Software and Services - 0.1%
	51	Fujitsu Ltd.		310
	4	Itochu Techno-Solutions Corp.		155
				465
		Telecommunication Services - 0.5%
	10	Korea Telecom Corp.		305
	56	NTT DoCoMo, Inc.		940
	42	Telenor ASA		935
				2,180
		Transportation - 0.5%
	16	Canadian National Railway Co.		1,116
	1	Flughafen Zuerich AG		608
	4	Hamburger Hafen und Logistik		97
	50	PostNL ●		214
	142	Qantas Airways Ltd. ●		212
				2,247
		Utilities - 4.8%
	149	Cheung Kong Infrastructure Holdings Ltd.		1,088
	875	China Longyuan Power Group Corp.		933

The accompanying notes are an integral part of these financial statements.

9

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 60.6% - (continued)
		Utilities - 4.8% - (continued)
	119	China Resources Gas Group LT	$	340
	26	Cia de Saneamento Basico do Estado de Sao Paulo		203
	359	Enel Green Power S.p.A.		882
	192	ENN Energy Holdings Ltd.		1,249
	14	GDF Suez		349
	954	Guangdong Investment Ltd.		1,255
	201	Hong Kong & China Gas Co., Ltd.		469
	16	Korea Electric Power Corp.		687
	95	National Grid plc		1,403
	12	NextEra Energy, Inc.		1,214
	58	NTPC Ltd.		143
	138	Osaka Gas Co., Ltd.		551
	18	PG&E Corp.		928
	90	Power Assets Holdings Ltd.		864
	11	Red Electrica Corporacion S.A.		930
	30	Severn Trent plc		950
	159	Snam S.p.A.		858
	36	SSE plc		915
	61	Suez Environment S.A.		1,035
	681	Towngas China Co., Ltd.		715
	40	UGI Corp.		1,506
	17	Wisconsin Energy Corp.		834
				20,301
		Total Common Stocks
		(Cost $281,324)	$	258,610
Preferred Stocks - 0.0%
		Utilities - 0.0%
	17	Cia Paranaense de Energie	$	233
		Total Preferred Stocks
		(Cost $264)	$	233
Warrants - 0.0%
		Materials - 0.0%
	14	Shandong Denghai ⌂	$	74
		Total Warrants
		(Cost $41)	$	74
Exchange Traded Funds - 0.3%
		Other Investment Pools and Funds - 0.3%
	77	Market Vectors Gold Miners ETF	$	1,319
	1	Platinum Trust ETF ●		96
		Total Exchange Traded Funds
		(Cost $1,700)	$	1,415
Foreign Government Obligations - 5.0%
		Brazil - 1.3%
		Brazil (Federative Republic of)
BRL	13,450	6.00%, 08/15/2016 - 08/15/2030 ◄		5,492
			$	5,492
		Israel - 0.9%
		Israel (State of)
ILS	4,746	1.00%, 05/30/2017 ◄		1,292
ILS	8,278	2.75%, 09/30/2022 - 08/30/2041 ◄		2,734
				4,026
		Mexico - 1.2%
		Mexico (United Mexican States)
MXN	18,809	2.00%, 06/09/2022 ◄		1,373
MXN	29,181	4.00%, 11/15/2040 ◄		2,375
MXN	14,815	5.00%, 06/16/2016 ◄		1,189
				4,937
		South Africa - 0.6%
		South Africa (Republic of)
ZAR	9,552	2.75%, 01/31/2022 ◄		937
ZAR	12,486	3.45%, 12/07/2033 ◄		1,439
				2,376
		South Korea - 0.1%
		Korea (Republic of)
KRW	575,980	1.13%, 06/10/2023 ◄		523
		Thailand - 0.2%
		Thailand (Kingdom of)
THB	22,793	1.20%, 07/14/2021 ◄§		673
		Turkey - 0.7%
		Turkey (Republic of)
TRY	6,622	2.80%, 11/08/2023 ◄		3,216
		Total Foreign Government Obligations
		(Cost $21,480)	$	21,243
U.S. Government Securities - 16.2%
U.S. Treasury Securities - 16.2%
		U.S. Treasury Bonds - 0.2%
$	450	2.38%, 01/15/2027 ◄	$	639
		U.S. Treasury Notes - 16.0%
	37,957	0.13%, 04/15/2016 - 07/15/2024 ◄‡		39,365
	3,300	0.38%, 07/15/2023 ◄		3,374
	8,419	0.63%, 07/15/2021 - 01/15/2024 ◄╦Ø		8,926
	2,034	1.13%, 01/15/2021 ◄		2,336
	1,529	1.25%, 07/15/2020 ◄		1,780
	3,823	1.38%, 01/15/2020 ◄		4,492
	305	1.63%, 01/15/2018 ◄		369
	3,500	1.88%, 07/15/2019 ◄		4,270
	455	2.13%, 01/15/2019 ◄		552
	2,375	2.38%, 01/15/2017 ◄		2,992
				68,456
				69,095
		Total U.S. Government Securities
		(Cost $69,669)	$	69,095
		Total Long-Term Investments Excluding Purchased Options
		(Cost $374,478)	$	350,670

The accompanying notes are an integral part of these financial statements.

10

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Short-Term Investments - 18.2%
Repurchase Agreements - 18.2%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $222, collateralized by U.S. Treasury Note 1.50%, 2019, value of $226)
$	222	0.08%, 10/31/2014	$	222
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3,775, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $3,851)
	3,775	0.09%, 10/31/2014		3,775
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,014, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $1,035)
	1,014	0.08%, 10/31/2014		1,014
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3,438, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $3,507)
	3,438	0.10%, 10/31/2014		3,438
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $12,956, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $13,215)
	12,956	0.08%, 10/31/2014		12,956
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $14,892, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $15,189)
	14,892	0.09%, 10/31/2014		14,892
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $860, collateralized by U.S. Treasury Note 0.88%, 2017, value of $877)
	860	0.13%, 10/31/2014		860
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,265, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $1,291)
	1,265	0.07%, 10/31/2014		1,265
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $13,331, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $13,597)
	13,331	0.08%, 10/31/2014		13,331

	TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $25,833, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $26,349)
25,832	0.10%, 10/31/2014				25,832
					77,585
	Total Short-Term Investments
	(Cost $77,585)			$	77,585
	Total Investments Excluding Purchased Options
	(Cost $452,063)	100.3	%	$	428,255
	Total Purchased Options
	(Cost $74)	—	%		57
	Total Investments
	(Cost $452,137) ▲	100.3	%	$	428,312
	Other Assets and Liabilities	(0.3	)%		(1,384	)
	Total Net Assets	100.0	%	$	426,928

The accompanying notes are an integral part of these financial statements.

11

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.

The Consolidated Schedule of Investments includes investments held by The Hartford Cayman Global Real Asset Fund, Ltd. (the "Subsidiary"), a wholly-owned subsidiary of the Fund, which primarily invests in commodity-related instruments. The Fund may invest up to 25% of its total assets in the Subsidiary. As of October 31, 2014, the Fund invested 21.0% of its total assets in the Subsidiary. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $465,125 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	8,185
Unrealized Depreciation		(44,998	)
Net Unrealized Depreciation	$	(36,813	)

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $7, which rounds to zero percent of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

● Non-income producing.

◄ The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $1,836, which represents 0.4% of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale.  A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
05/2014 - 06/2014		95	Banco Espirito Santo S.A.	$	105
01/2013 - 05/2013		4	CNK International Co., Ltd.		20
09/2012		14	Shandong Denghai Warrants		41

At October 31, 2014, the aggregate value of these securities was $81, which rounds to zero percent of total net assets.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $622 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

Ø This security, or a portion of this security, has been pledged as collateral in connection with exchange traded option and/or swaption contracts.

The accompanying notes are an integral part of these financial statements.

12

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
Futures contracts	$	5,688	$	–
Total	$	5,688	$	–

Exchange Traded Option Contracts Outstanding at October 31, 2014

Description	Risk Exposure Category	Exercise Price/ FX Rate/ Rate		Expiration Date		Number of Contracts *		Market Value ╪		Premiums Received/Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased option contracts:
Calls
Brent Crude Oil Option	CO		120.00 USD		11/11/14	USD	9	$	–	$	9	$	(9	)
Natural Gas Future Option	CO		4.50 USD		01/28/15	USD	28		48		48		–
Platinum Future Option	CO		1,350.00 USD		12/18/14	USD	8		1		8		(7	)
Total Calls							45	$	49	$	65	$	(16	)
Puts
Soybean Meal Future Option	CO		350.00 USD		11/24/14	USD	20	$	8	$	9	$	(1	)
Total purchased option contracts							65	$	57	$	74	$	(17	)
Written option contracts:
Calls
Natural Gas Future Option	CO		5.00 USD		01/28/15	USD	28	$	29	$	26	$	(3	)
Puts
Gold Option	CO		1,100.00 USD		05/26/15	USD	4	$	13	$	13	$	–
Total written option contracts							32	$	42	$	39	$	(3	)

* The number of contracts does not omit 000's.

Δ For purchased options, premiums are paid by the Fund, for written options, premiums are received.

Futures Contracts Outstanding at October 31, 2014

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
Brent Crude Oil Future		36	11/13/2014	$	3,413	$	3,091	$	–	$	(322	)	$	–	$	(14	)
Brent Oil Future		6	11/13/2015		557		540		–		(17	)		–		(1	)
Corn Future		46	03/13/2015		859		895		36		–			5		–
Electrolytic Copper Future		6	03/16/2015		984		1,002		18		–			46		(28	)
Gas Oil Futures		32	12/11/2014		2,738		2,372		–		(366	)		–		(18	)
Gold 100oz Future		18	12/29/2014		2,344		2,109		–		(235	)		–		(49	)
Gold 100oz Future		40	02/25/2015		4,997		4,690		–		(307	)		–		(108	)
Henry Hub Natural Gas Future		10	12/28/2016		109		106		–		(3	)		–		–
Henry Hub Natural Gas Future		10	01/27/2017		110		106		–		(4	)		–		–
Henry Hub Natural Gas Future		10	02/24/2017		109		104		–		(5	)		–		–
Henry Hub Natural Gas Future		11	03/29/2017		120		108		–		(12	)		1		–
Henry Hub Natural Gas Future		11	04/26/2017		120		108		–		(12	)		–		–
Henry Hub Natural Gas Future		11	05/26/2017		120		109		–		(11	)		–		–
Henry Hub Natural Gas Future		11	06/28/2017		121		110		–		(11	)		–		–
Henry Hub Natural Gas Future		11	07/27/2017		120		110		–		(10	)		–		–
Henry Hub Natural Gas Future		11	08/29/2017		120		110		–		(10	)		–		–
Henry Hub Natural Gas Future		11	09/27/2017		121		111		–		(10	)		–		–
Henry Hub Natural Gas Future		11	10/27/2017		121		113		–		(8	)		–		–
Henry Hub Natural Gas Future		10	11/28/2017		110		107		–		(3	)		–		–
Henry Hub Natural Gas Future		4	12/27/2017		46		44		–		(2	)		–		–

The accompanying notes are an integral part of these financial statements.

13

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts Outstanding at October 31, 2014 - (continued)

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset					Asset		Liability
Long position contracts: - (continued)
Henry Hub Natural Gas Future		4	01/29/2018	$	46	$	44	$	–	$	(2	)	$	–	$	–
Henry Hub Natural Gas Future		4	02/26/2018		45		43		–		(2	)		–		–
Henry Hub Natural Gas Future		5	03/27/2018		56		50		–		(6	)		–		–
Henry Hub Natural Gas Future		5	04/26/2018		57		51		–		(6	)		–		–
Henry Hub Natural Gas Future		4	05/29/2018		46		41		–		(5	)		–		–
Henry Hub Natural Gas Future		4	06/27/2018		45		41		–		(4	)		–		–
Henry Hub Natural Gas Future		4	07/27/2018		45		41		–		(4	)		–		–
Henry Hub Natural Gas Future		4	08/29/2018		45		41		–		(4	)		–		–
Henry Hub Natural Gas Future		4	09/26/2018		45		41		–		(4	)		–		–
Henry Hub Natural Gas Future		4	10/29/2018		45		42		–		(3	)		–		–
Henry Hub Natural Gas Future		4	11/28/2018		46		44		–		(2	)		–		–
Live Cattle Future		9	12/31/2014		569		598		29		–			–		(5	)
Natural Gas Future		97	12/29/2014		4,343		3,840		–		(503	)		52		–
Natural Gas Future		112	01/28/2015		4,562		4,424		–		(138	)		56		–
Natural Gas Future		10	02/25/2015		458		388		–		(70	)		5		–
Natural Gas Future		52	05/27/2015		2,140		1,914		–		(226	)		13		–
Natural Gas Future		13	12/29/2015		524		535		11		–			2		–
Nickel Future		18	12/15/2014		1,016		902		–		(114	)		131		(245	)
Palladuim Future		44	12/29/2014		3,871		3,484		–		(387	)		49		–
Platinum Future		71	01/28/2015		4,808		4,385		–		(423	)		–		(38	)
Primary Aluminum Future		33	12/14/2015		1,660		1,697		37		–			80		(44	)
Primary Nickel Future		35	12/15/2014		3,959		3,309		–		(650	)		897		(1547	)
Soybean Future		32	03/13/2015		1,563		1,685		122		–			28		–
Soybean Oil Future		30	01/14/2015		583		630		47		–			9		–
Sugar No. 11 Future		110	02/27/2015		2,030		1,976		–		(54	)		–		(32	)
WTI Crude Future		58	11/20/2014		5,436		4,671		–		(765	)		–		(34	)
WTI Crude Future		13	02/20/2015		1,164		1,044		–		(120	)		–		(4	)
WTI Crude Future		6	11/20/2015		553		482		–		(71	)		–		(1	)
Zinc Future		42	12/15/2014		2,471		2,427		–		(44	)		467		(510	)
Total								$	300	$	(4,955	)	$	1,841	$	(2,678	)
Short position contracts:
Cocoa Future		18	12/15/2014	$	567	$	522	$	45	$	–		$	8	$	–
Feeder Cattle Future		4	11/20/2014		450		468		–		(18	)		–		–
Gasoline Future		6	02/27/2015		547		550		–		(3	)		3		–
Soybean Future		13	01/14/2015		678		682		–		(4	)		–		(13	)
Soybean Meal Future		18	12/12/2014		713		700		13		–			–		(16	)
U.S. Treasury 10-Year Note Future		8	12/19/2014		1,011		1,011		–		–			1		–
U.S. Treasury 5-Year Note Future		13	12/31/2014		1,553		1,552		1		–			1		–
Wheat Future		19	07/14/2015		574		532		42		–			4		–
Total								$	101	$	(25	)	$	17	$	(29	)
Total futures contracts								$	401	$	(4,980	)	$	1,858	$	(2,707	)

* The number of contracts does not omit 000's.

OTC Interest Rate Swap Contracts Outstanding at October 31, 2014

Payments made

Payments received

Notional

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Counterparty

by Fund

by Fund

Amount

Date

Paid

Received

Value ╪

Asset

Liability

BOA

CLICP Camara

2.09% Fixed

CLP

184,550

09/28/17

$

–

$

–

$

38

$

38

$

–

DEUT

CLICP Camara

0.72% Fixed

CLP

68,750

10/30/17

–

–

–

–

–

Total

$

–

$

–

$

38

$

38

$

–

The accompanying notes are an integral part of these financial statements.

14

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Total Return Swap Contracts Outstanding at October 31, 2014

Notional

Payments received

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Reference Entity

Counterparty

Amount

(paid) by Fund

Date

Paid

Received

Value ╪

Asset

Liability

Bloomberg Commodity Index

JPM

USD

4,449

(0.09)% Fixed

04/30/15

$

–

$

–

$

–

$

–

$

–

Platinum Spot

GSC

USD

389

Platinum Spot

10/30/15

–

–

(9

)

–

(9

)

S&P GSCI Industrial Metals

GSC

USD

401

(0.10)% Fixed

05/20/15

–

–

6

6

–

Total

$

–

$

–

$

(3

)

$

6

$

(9

)

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/06/2014

DEUT

$

303

$

303

$

–

$

–

AUD

Sell

11/06/2014

DEUT

506

505

1

–

BRL

Buy

11/03/2014

JPM

2,233

2,167

–

(66

)

CAD

Buy

11/04/2014

BCLY

21

21

–

–

CAD

Buy

11/05/2014

BCLY

145

144

–

(1

)

CAD

Buy

11/05/2014

RBC

50

50

–

–

CAD

Sell

11/03/2014

BCLY

21

21

–

–

CLP

Buy

12/17/2014

BNP

343

353

10

–

CLP

Buy

12/17/2014

BOA

86

86

–

–

EUR

Buy

11/03/2014

RBC

580

576

–

(4

)

EUR

Buy

11/04/2014

WEST

81

81

–

–

GBP

Buy

11/03/2014

BMO

1,613

1,613

–

–

GBP

Buy

11/04/2014

MSC

448

448

–

–

GBP

Sell

11/03/2014

BMO

11

11

–

–

GBP

Sell

11/04/2014

MSC

352

352

–

–

HKD

Buy

11/04/2014

BCLY

12

12

–

–

HKD

Buy

11/03/2014

UBS

169

169

–

–

JPY

Buy

11/06/2014

DEUT

116

115

–

(1

)

JPY

Sell

11/06/2014

DEUT

12

12

–

–

JPY

Sell

11/05/2014

UBS

40

39

1

–

MXN

Buy

11/05/2014

SSG

37

37

–

–

MXN

Buy

11/03/2014

TDS

1,935

1,928

–

(7

)

NOK

Buy

11/04/2014

BCLY

12

12

–

–

PLN

Buy

11/04/2014

BCLY

14

14

–

–

SEK

Buy

11/04/2014

BCLY

11

11

–

–

TRY

Buy

11/04/2014

BCLY

8

8

–

–

TRY

Buy

11/04/2014

RBS

1,211

1,206

–

(5

)

ZAR

Buy

11/03/2014

BCLY

928

914

–

(14

)

ZAR

Buy

11/07/2014

BCLY

10

10

–

–

Total

$

12

$

(98

)

╪ See Significant Accounting Policies of accompanying Notes to Consolidated Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

15

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Consolidated Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BMO	Bank of Montreal
BNP	BNP Paribas Securities Services
BOA	Banc of America Securities LLC
DEUT	Deutsche Bank Securities, Inc.
GSC	Goldman Sachs & Co.
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
RBS	RBS Greenwich Capital
SSG	State Street Global Markets LLC
TDS	TD Securities, Inc.
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CLP	Chilean Peso
EUR	EURO
GBP	British Pound
HKD	Hong Kong Dollar
ILS	Israeli New Shekel
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican New Peso
NOK	Norwegian Krone
PLN	Polish New Zloty
SEK	Swedish Krona
THB	Thai Baht
TRY	Turkish New Lira
USD	U.S. Dollar
ZAR	South African Rand
Index Abbreviations:
GSCI	Goldman Sachs Commodity Index
S&P	Standard & Poors
Other Abbreviations:
ADR	American Depositary Receipt
CLICP	Sinacofi Chile Interbank Offered Rate
CO	Commodity
ETF	Exchange Traded Fund
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GDR	Global Depositary Receipt
GNMA	Government National Mortgage Association
OTC	Over-the-Counter
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

16

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Consolidated Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Automobiles and Components	$	282	$	–	$	282	$	–
Banks		2,015		–		2,013		2
Capital Goods		8,215		3,887		4,328		–
Commercial and Professional Services		293		29		264		–
Diversified Financials		1,378		240		1,138		–
Energy		137,226		91,487		45,739		–
Food and Staples Retailing		166		166		–		–
Food, Beverage and Tobacco		8,352		6,374		1,978		–
Insurance		1,564		–		1,564		–
Materials		69,053		30,363		38,685		5
Media		952		952		–		–
Pharmaceuticals, Biotechnology and Life Sciences		560		383		177		–
Real Estate		1,090		1,090		–		–
Retailing		422		10		412		–
Semiconductors and Semiconductor Equipment		1,849		1,160		689		–
Software and Services		465		–		465		–
Telecommunication Services		2,180		–		2,180		–
Transportation		2,247		1,116		1,131		–
Utilities		20,301		4,685		15,616		–
Total		258,610		141,942		116,661		7
Exchange Traded Funds		1,415		1,415		–		–
Foreign Government Obligations		21,243		–		21,243		–
Preferred Stocks		233		233		–		–
U.S. Government Securities		69,095		5,148		63,947		–
Warrants		74		74		–		–
Short-Term Investments		77,585		–		77,585		–
Purchased Options		57		57		–		–
Total	$	428,312	$	148,869	$	279,436	$	7
Foreign Currency Contracts*	$	12	$	–	$	12	$	–
Futures*		401		401		–		–
Swaps - Interest Rate*		38		–		38		–
Swaps - Total Return*		6		–		6		–
Total	$	457	$	401	$	56	$	–
Liabilities:
Written Options		42		42		–		–
Total	$	42	$	42	$	–	$	–
Foreign Currency Contracts*	$	98	$	–	$	98	$	–
Futures*		4,980		4,980		–		–
Swaps - Interest Rate*		–		–		–		–
Swaps - Total Return*		9		–		9		–
Total	$	5,087	$	4,980	$	107	$	–

♦ For the year ended October 31, 2014, investments valued at $8,946 were transferred from Level 1 to Level 2, and investments valued at $2,751 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

17

The Hartford Global Real Asset Fund

Consolidated Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Common Stocks	$	26	$	2	$	(119	)†	$	—	$	185	$	(89	)	$	29	$	(27	)	$	7
Total	$	26	$	2	$	(119	)	$	—	$	185	$	(89	)	$	29	$	(27	)	$	7

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(160).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

18

The Hartford Global Real Asset Fund

Consolidated Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $374,552)	$	350,727
Investments in repurchase agreements, at market value (cost $77,585)		77,585
Cash		5,688	*
Foreign currency on deposit with custodian (cost $58)		56
Unrealized appreciation on foreign currency contracts		12
Unrealized appreciation on OTC swap contracts		44
Receivables:
Investment securities sold		12,150
Fund shares sold		174
Dividends and interest		630
Variation margin on financial derivative instruments		1,858
Other assets		481
Total assets		449,405
Liabilities:
Unrealized depreciation on foreign currency contracts		98
Unrealized depreciation on OTC swap contracts		9
Bank overdraft		967
Payables:
Investment securities purchased		17,721
Fund shares redeemed		95
Investment management fees		92
Administrative fees		—
Distribution fees		6
Variation margin on financial derivative instruments		2,707
Accrued expenses		49
Written option contracts (proceeds $39)		42
Other liabilities		691
Total liabilities		22,477
Net assets	$	426,928
Summary of Net Assets:
Capital stock and paid-in-capital	$	493,594
Undistributed net investment income		975
Accumulated net realized loss		(39,213	)
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(28,428	)
Net assets	$	426,928

^* Cash of $5,688 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

19

The Hartford Global Real Asset Fund

Consolidated Statement of Assets and Liabilities – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		650,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.85/$10.42
Shares outstanding		4,524
Net assets	$	44,562
Class C: Net asset value per share	$	9.70
Shares outstanding		1,793
Net assets	$	17,382
Class I: Net asset value per share	$	9.87
Shares outstanding		4,779
Net assets	$	47,168
Class R3: Net asset value per share	$	9.89
Shares outstanding		28
Net assets	$	277
Class R4: Net asset value per share	$	9.88
Shares outstanding		373
Net assets	$	3,686
Class R5: Net asset value per share	$	9.89
Shares outstanding		52
Net assets	$	516
Class Y: Net asset value per share	$	9.89
Shares outstanding		31,698
Net assets	$	313,337

The accompanying notes are an integral part of these financial statements.

20

The Hartford Global Real Asset Fund

Consolidated Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	7,632
Interest		3,250
Less: Foreign tax withheld		(530	)
Total investment income		10,352
Expenses:
Investment management fees		5,181
Administrative services fees
Class R3		1
Class R4		5
Class R5		1
Transfer agent fees
Class A		100
Class C		37
Class I		38
Class R3		—
Class R4		—
Class R5		—
Class Y		6
Distribution fees
Class A		140
Class C		226
Class R3		1
Class R4		9
Custodian fees		45
Accounting services fees		122
Registration and filing fees		135
Board of Directors' fees		15
Audit fees		38
Other expenses		71
Total expenses (before waivers and fees paid indirectly)		6,171
Expense waivers		(735	)
Commission recapture		(7	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(742	)
Total expenses, net		5,429
Net Investment Income		4,923
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		19,187
Less: Foreign taxes paid on realized capital gains		(2	)
Net realized loss on futures contracts		(1,681	)
Net realized gain on swap contracts		53
Net realized loss on foreign currency contracts		(684	)
Net realized gain on other foreign currency transactions		88
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		16,961
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(32,202	)
Net unrealized depreciation of purchased option contracts		(17	)
Net unrealized depreciation of futures contracts		(4,594	)
Net unrealized depreciation of written option contracts		(3	)
Net unrealized appreciation of swap contracts		284
Net unrealized depreciation of foreign currency contracts		(233	)
Net unrealized appreciation of translation of other assets and liabilities in foreign currencies		51
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(36,714	)
Net Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(19,753	)
Net Decrease in Net Assets Resulting from Operations	$	(14,830	)

The accompanying notes are an integral part of these financial statements.

21

The Hartford Global Real Asset Fund

Consolidated Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	4,923		$	3,359
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		16,961			(25,576	)
Net unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(36,714	)		3,492
Net Decrease in Net Assets Resulting from Operations		(14,830	)		(18,725	)
Distributions to Shareholders:
From net investment income
Class A		(215	)		(648	)
Class I		(443	)		(650	)
Class R3		(1	)		—
Class R4		(19	)		(7	)
Class R5		(3	)		(3	)
Class Y		(2,904	)		(2,499	)
Total distributions		(3,585	)		(3,807	)
Capital Share Transactions:
Class A		(23,132	)		(41,401	)
Class C		(10,368	)		(22,660	)
Class I		(16,630	)		(6,700	)
Class R3		(4	)		(1,657	)
Class R4		524			304
Class R5		90			(1,577	)
Class Y		(48,655	)		133,110
Net increase (decrease) from capital share transactions		(98,175	)		59,419
Net Increase (Decrease) in Net Assets		(116,590	)		36,887
Net Assets:
Beginning of period		543,518			506,631
End of period	$	426,928		$	543,518
Undistributed (distributions in excess of) net investment income	$	975		$	1,775

The accompanying notes are an integral part of these financial statements.

22

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Global Real Asset Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance

23

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value,

24

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Consolidated Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Consolidated Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Consolidated Statement of Operations as a reduction to net realized gain on investments in these securities.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

25

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Basis for Consolidation – The Fund may invest up to 25% of its total assets in a wholly-owned subsidiary of the Fund. The Subsidiary is organized under the laws of the Cayman Islands and is consolidated in the Fund’s financial statements. All intercompany balances, revenues, and expenses have been eliminated in consolidation. The Subsidiary acts as an investment vehicle in order to enter into certain investments (primarily commodities) for the Fund, consistent with the investment objectives and policies specified in the Prospectus and Statement of Additional Information.

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Consolidated Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

26

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Consolidated Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Consolidated Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Consolidated Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund, as shown on the Consolidated Schedule of Investments, had inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Consolidated Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Consolidated Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Consolidated Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Consolidated Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Consolidated Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

27

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Consolidated Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding futures contracts as of October 31, 2014.

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Consolidated Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Consolidated Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

28

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Options Contract Activity During the Year Ended October 31, 2014:

Call Options Written During the Year	Number of Contracts*		Premium Amounts
Beginning of the period		—	$	—
Written		28		26
Expired		—		—
Closed		—		—
Exercised		—		—
End of period		28	$	26

Put Options Written During the Year	Number of Contracts*		Premium Amounts
Beginning of the period		—	$	—
Written		4		13
Expired		—		—
Closed		—		—
Exercised		—		—
End of period		4	$	13

* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Consolidated Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Consolidated Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Consolidated Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Consolidated Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Consolidated Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Consolidated Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Consolidated Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Consolidated Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to

29

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the Consolidated Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding interest rate swap contracts as of October 31, 2014.

Total Return Swap Contracts – The Fund may invest in total return swap contracts. An investment in a total return swap allows the Fund to gain or mitigate exposure to underlying referenced securities, indices or commodities. Total return swap contracts involve commitments where cash flows are exchanged based on the price of underlying securities, indices or commodities and based on a fixed or variable rate. One party would receive payments based on the price appreciation or depreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying to or receiving from the counterparty seller an agreed-upon rate, which can be fixed or variable. A variable rate may be correlated to a base rate, such as the LIBOR, and is adjusted each reset period, which are defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.

Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment from or make a payment to the counterparty. The Fund, as shown on the Consolidated Schedule of Investments, had outstanding total return swap contracts as of October 31, 2014.

The prices of commodity-linked derivative securities may move in different directions from investments in traditional equity and debt securities when the value of those traditional securities is declining due to adverse economic conditions. As an example, during periods of rising inflation, debt securities have historically tended to decline in value due to the general increase in prevailing interest rates. Conversely, during those same periods of rising inflation, prices of certain commodities, such as oil and metals, have historically tended to increase. There cannot be any guarantee that these investments will perform in that manner in the future, and at certain times the price movements of commodity-linked instruments have followed those of debt and equity securities. Commodities have historically tended to increase and decrease in value during different parts of the business cycle than financial assets. Nevertheless, at various times, commodities prices may move in tandem with prices of financial assets and thus may not provide overall portfolio diversification benefits. Exposure to commodity-linked derivatives is generally achieved through total return swaps, futures or options.

30

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Consolidated Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	—	$	—	$	—	$	—	$	57	$	—	$	57
Unrealized appreciation on foreign currency contracts		—		12		—		—		—		—		12
Unrealized appreciation on OTC swap contracts		38		—		—		—		6		—		44
Variation margin receivable *		2		—		—		—		1,856		—		1,858
Total	$	40	$	12	$	—	$	—	$	1,919	$	—	$	1,971
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	98	$	—	$	—	$	—	$	—	$	98
Unrealized depreciation on OTC swap contracts		—		—		—		9		—		—		9
Variation margin payable *		—		—		—		—		2,707		—		2,707
Written option contracts, market value		—		—		—		—		42		—		42
Total	$	—	$	98	$	—	$	9	$	2,749	$	—	$	2,856

* Only current day's variation margin is reported within the Consolidated Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative depreciation of $(4,579) as reported in the Consolidated Schedule of Investments.

The ratio of futures market value to net assets at October 31, 2014 was 12.37%, compared to the twelve-month average ratio of 7.25% during the year ended October 31, 2014. The ratio of foreign currency contracts market value to net assets at October 31, 2014 was 2.62%, compared to the twelve-month average ratio of 9.69% during the year ended October 31, 2014. The volume of other derivatives that are presented in the Consolidated Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Consolidated Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts		Equity Contracts			Commodity Contracts			Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on futures contracts	$	(65	)	$	—		$	—	$	—		$	(1,616	)	$	—	$	(1,681	)
Net realized gain (loss) on swap contracts		33			—			—		(456	)		476			—		53
Net realized loss on foreign currency contracts		—			(684	)		—		—			—			—		(684	)
Total	$	(32	)	$	(684	)	$	—	$	(456	)	$	(1,140	)	$	—	$	(2,312	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of purchased option contracts	$	—		$	—		$	—	$	—		$	(17	)	$	—	$	(17	)
Net change in unrealized appreciation (depreciation) of futures contracts		1			—			—		—			(4,595	)		—		(4,594	)
Net change in unrealized depreciation of written option contracts		—			—			—		—			(3	)		—		(3	)
Net change in unrealized appreciation (depreciation) of swap contracts		67			—			—		(9	)		226			—		284
Net change in unrealized depreciation of foreign currency contracts		—			(233	)		—		—			—			—		(233	)
Total	$	68		$	(233	)	$	—	$	(9	)	$	(4,389	)	$	—	$	(4,563	)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers,

31

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Consolidated Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	44	$	(6	)	$	—	$	—	$	38
Futures contracts - variation margin receivable		1,858		(1,858	)		—		—		—
Unrealized appreciation on foreign currency contracts		10		—			—		—		10
Total subject to a master netting or similar arrangement	$	1,912	$	(1,864	)	$	—	$	—	$	48

* Gross amounts are presented here as there are no amounts that are netted within the Consolidated Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Consolidated Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	9	$	(6	)	$	—	$	—		$	3
Futures contracts - variation margin payable		2,707		(1,858	)		—		(5,688	)		—
Unrealized depreciation on foreign currency contracts		—		—			—		—			—
Total subject to a master netting or similar arrangement	$	2,716	$	(1,864	)	$	—	$	(5,688	)	$	3

* Gross amounts are presented here as there are no amounts that are netted within the Consolidated Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter

32

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Consolidated Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	3,585	$	3,807

33

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	1,242
Accumulated Capital and Other Losses*		(26,382	)
Unrealized Depreciation†		(41,526	)
Total Accumulated Deficit	$	(66,666	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Consolidated Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(2,138	)
Accumulated Net Realized Gain (Loss)		4,036
Capital Stock and Paid-in-Capital		(1,898	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows:

	Amount
Long-Term Capital Loss Carryforward	$	19,700
Total	$	19,700

During the year ended October 31, 2014, the Fund utilized $3,645 of prior year short term capital loss carryforwards and $11,709 of prior year long term capital loss carryforwards.

Capital loss carryforwards with expiration:

Year of Expiration	Amount
2019	$	6,682
Total	$	6,682

34

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million		0.950%
On next $250 million		0.930%
On next $500 million		0.850%
On next $1.5 billion		0.780%
On next $2.5 billion		0.750%
Over $5 billion		0.710%

Effective November 1, 2014, the investment manager contractually agreed to waive investment management fees of 0.15% of average daily net assets until October 31, 2015.

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion		0.025%
On next $5 billion		0.020%
Over $10 billion		0.015%

35

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A		Class C		Class I		Class R3		Class R4		Class R5		Class Y
	1.35%		2.10%		1.10%		1.60%		1.30%		1.05%		1.00%%

Effective November 1, 2014, the investment manager voluntarily agreed to limit the total operating expenses of the Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses through October 31, 2015, as follows:

Class A		Class C		Class I		Class R3		Class R4		Class R5		Class Y
	1.20%		1.95%		0.95%		1.45%		1.15%		0.90%		0.85%

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Consolidated Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A	1.35	%
Class C	2.10
Class I	1.06
Class R3	1.60
Class R4	1.30
Class R5	1.05
Class Y	1.00

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $71 and contingent deferred sales charges of an amount which rounds to zero from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to

36

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Consolidated Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Consolidated Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Consolidated Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		18	%

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	449,817	$	237,968	$	687,785
Sales Proceeds		541,350		258,359		799,709

37

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		388		20		(2,638	)		(2,230	)		1,013		54		(5,047	)		(3,980	)
Amount	$	4,079	$	205	$	(27,416	)	$	(23,132	)	$	10,492	$	585	$	(52,478	)	$	(41,401	)
Class C
Shares		68		—		(1,080	)		(1,012	)		154		—		(2,351	)		(2,197	)
Amount	$	698	$	—	$	(11,066	)	$	(10,368	)	$	1,589	$	—	$	(24,249	)	$	(22,660	)
Class I
Shares		812		33		(2,463	)		(1,618	)		3,176		42		(3,834	)		(616	)
Amount	$	8,699	$	341	$	(25,670	)	$	(16,630	)	$	32,652	$	451	$	(39,803	)	$	(6,700	)
Class R3
Shares		3		—		(3	)		—			8		—		(164	)		(156	)
Amount	$	32	$	1	$	(37	)	$	(4	)	$	83	$	—	$	(1,740	)	$	(1,657	)
Class R4
Shares		117		2		(68	)		51			260		—		(231	)		29
Amount	$	1,213	$	18	$	(707	)	$	524		$	2,733	$	6	$	(2,435	)	$	304
Class R5
Shares		16		—		(8	)		8			58		—		(206	)		(148	)
Amount	$	173	$	3	$	(86	)	$	90		$	624	$	3	$	(2,204	)	$	(1,577	)
Class Y
Shares		6,408		273		(11,260	)		(4,579	)		23,673		218		(11,540	)		12,351
Amount	$	66,858	$	2,783	$	(118,296	)	$	(48,655	)	$	249,311	$	2,333	$	(118,534	)	$	133,110
Total
Shares		7,812		328		(17,520	)		(9,380	)		28,342		314		(23,373	)		5,283
Amount	$	81,752	$	3,351	$	(183,278	)	$	(98,175	)	$	297,484	$	3,378	$	(241,443	)	$	59,419

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to

38

The Hartford Global Real Asset Fund

Notes to Consolidated Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

39

The Hartford Global Real Asset Fund

Consolidated Financial Highlights

	- Selected Per-Share Data - (A)																									- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	10.30	$	0.08		$	(0.49	)	$	(0.41	)	$	(0.04	)	$	–		$	(0.04	)	$	9.85		(4.03	)%	$	44,562		1.58	%		1.35	%		0.76	%
C		10.18		–			(0.48	)		(0.48	)		–			–			–			9.70		(4.72	)		17,382		2.31			2.10			0.01
I		10.33		0.11			(0.50	)		(0.39	)		(0.07	)		–			(0.07	)		9.87		(3.76	)		47,168		1.21			1.06			1.03
R3		10.35		0.05			(0.48	)		(0.43	)		(0.03	)		–			(0.03	)		9.89		(4.20	)		277		1.93			1.60			0.49
R4		10.34		0.08			(0.48	)		(0.40	)		(0.06	)		–			(0.06	)		9.88		(3.91	)		3,686		1.55			1.30			0.79
R5		10.35		0.11			(0.49	)		(0.38	)		(0.08	)		–			(0.08	)		9.89		(3.72	)		516		1.26			1.05			1.05
Y		10.34		0.12			(0.49	)		(0.37	)		(0.08	)		–			(0.08	)		9.89		(3.58	)		313,337		1.15			1.00			1.11
For the Year Ended October 31, 2013
A	$	10.68	$	(0.04	)	$	(0.27	)	$	(0.31	)	$	(0.07	)	$	–		$	(0.07	)	$	10.30		(2.98	)%	$	69,554		1.52	%		1.30	%		(0.35	)%
C		10.58		(0.11	)		(0.29	)		(0.40	)		–			–			–			10.18		(3.78	)		28,546		2.24			2.05			(1.08	)
I		10.72		–			(0.29	)		(0.29	)		(0.10	)		–			(0.10	)		10.33		(2.78	)		66,061		1.19			1.05			(0.04	)
R3		10.69		0.17			(0.51	)		(0.34	)		–			–			–			10.35		(3.18	)		295		1.86			1.53			1.66
R4		10.71		0.17			(0.49	)		(0.32	)		(0.05	)		–			(0.05	)		10.34		(3.00	)		3,331		1.50			1.27			1.65
R5		10.73		0.21			(0.50	)		(0.29	)		(0.09	)		–			(0.09	)		10.35		(2.76	)		451		1.20			1.01			1.98
Y		10.73		0.12			(0.41	)		(0.29	)		(0.10	)		–			(0.10	)		10.34		(2.74	)		375,280		1.09			0.98			1.14
For the Year Ended October 31, 2012
A	$	11.05	$	0.03		$	(0.31	)	$	(0.28	)	$	(0.09	)	$	–		$	(0.09	)	$	10.68		(2.50	)%	$	114,692		1.52	%		1.17	%		0.28	%
C		10.96		(0.05	)		(0.30	)		(0.35	)		(0.03	)		–			(0.03	)		10.58		(3.20	)		52,906		2.23			1.91			(0.46	)
I		11.09		0.06			(0.31	)		(0.25	)		(0.12	)		–			(0.12	)		10.72		(2.26	)		75,179		1.22			0.91			0.53
R3		11.04		–			(0.30	)		(0.30	)		(0.05	)		–			(0.05	)		10.69		(2.75	)		1,964		1.84			1.43			0.01
R4		11.07		0.03			(0.30	)		(0.27	)		(0.09	)		–			(0.09	)		10.71		(2.44	)		3,135		1.56			1.15			0.30
R5		11.10		0.06			(0.31	)		(0.25	)		(0.12	)		–			(0.12	)		10.73		(2.19	)		2,062		1.23			0.90			0.54
Y		11.10		0.04			(0.28	)		(0.24	)		(0.13	)		–			(0.13	)		10.73		(2.14	)		256,693		1.19			0.90			0.38
For the Year Ended October 31, 2011
A	$	11.06	$	0.09		$	0.03		$	0.12		$	(0.06	)	$	(0.07	)	$	(0.13	)	$	11.05		1.08	%	$	155,876		1.55	%		1.04	%		0.82	%
C		11.02		0.01			0.05			0.06			(0.05	)		(0.07	)		(0.12	)		10.96		0.46			81,736		2.27			1.76			0.13
I		11.07		0.14			0.02			0.16			(0.07	)		(0.07	)		(0.14	)		11.09		1.41			135,558		1.25			0.74			1.22
R3		11.04		0.06			0.04			0.10			(0.03	)		(0.07	)		(0.10	)		11.04		0.90			2,001		1.87			1.30			0.52
R4		11.06		0.09			0.04			0.13			(0.05	)		(0.07	)		(0.12	)		11.07		1.15			1,846		1.57			1.00			0.81
R5		11.07		0.13			0.04			0.17			(0.07	)		(0.07	)		(0.14	)		11.10		1.49			1,871		1.26			0.70			1.10
Y		11.07		0.12			0.05			0.17			(0.07	)		(0.07	)		(0.14	)		11.10		1.52			70,019		1.16			0.65			1.06

See Portfolio Turnover information on the next page.

40

The Hartford Global Real Asset Fund

Consolidated Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
From May 28, 2010 (commencement of operations), through October 31, 2010
A(D)	$	10.00	$	0.01		$	1.05	$	1.06	$	–	$	–	$	–	$	11.06		10.60	%(E)	$	26,248		1.62	%(F)		0.96	%(F)		0.13	%(F)
C(D)		10.00		(0.03	)		1.05		1.02		–		–		–		11.02		10.20	(E)		8,650		2.38	(F)		1.72	(F)		( 0.61	)(F)
I(D)		10.00		0.01			1.06		1.07		–		–		–		11.07		10.70	(E)		10,821		1.45	(F)		0.79	(F)		0.33	(F)
R3(D)		10.00		(0.01	)		1.05		1.04		–		–		–		11.04		10.40	(E)		2,208		2.01	(F)		1.31	(F)		( 0.21	)(F)
R4(D)		10.00		–			1.06		1.06		–		–		–		11.06		10.60	(E)		2,211		1.71	(F)		1.01	(F)		0.09	(F)
R5(D)		10.00		0.02			1.05		1.07		–		–		–		11.07		10.70	(E)		2,214		1.41	(F)		0.71	(F)		0.39	(F)
Y(D)		10.00		0.03			1.04		1.07		–		–		–		11.07		10.70	(E)		11,643		1.32	(F)		0.66	(F)		0.43	(F)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Consolidated Financial Statements).

(D) Commenced operations on May 28, 2010.

(E) Not annualized.

(F) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		162	%
For the Year Ended October 31, 2013		147
For the Year Ended October 31, 2012		167
For the Year Ended October 31, 2011		145
From May 28, 2010 (commencement of operations) through October 31, 2010		20	(A)

(A) Not annualized.

41

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying consolidated statement of assets and liabilities, including the consolidated schedule of investments, of The Hartford Global Real Asset Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related consolidated statement of operations for the year then ended, the consolidated statements of changes in net assets for each of the two years in the period then ended, and the consolidated financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements and consolidated financial highlights referred to above present fairly, in all material respects, the consolidated financial position of The Hartford Global Real Asset Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its consolidated operations for the year then ended, the consolidated changes in its net assets for each of the two years in the period then ended, and the consolidated financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

42

The Hartford Global Real Asset Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Consolidated Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

43

The Hartford Global Real Asset Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

        Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

44

The Hartford Global Real Asset Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

45

The Hartford Global Real Asset Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

46

The Hartford Global Real Asset Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	920.60	$	6.54	$	1,000.00	$	1,018.40	$	6.87		1.35	%		184		365
Class C	$	1,000.00	$	917.70	$	10.15	$	1,000.00	$	1,014.62	$	10.66		2.10			184		365
Class I	$	1,000.00	$	922.40	$	5.15	$	1,000.00	$	1,019.84	$	5.42		1.06			184		365
Class R3	$	1,000.00	$	920.00	$	7.75	$	1,000.00	$	1,017.13	$	8.15		1.60			184		365
Class R4	$	1,000.00	$	921.60	$	6.32	$	1,000.00	$	1,018.63	$	6.63		1.30			184		365
Class R5	$	1,000.00	$	922.60	$	5.09	$	1,000.00	$	1,019.91	$	5.35		1.05			184		365
Class Y	$	1,000.00	$	922.60	$	4.83	$	1,000.00	$	1,020.18	$	5.08		1.00			184		365

47

The Hartford Global Real Asset Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Global Real Asset Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

48

The Hartford Global Real Asset Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 5^th quintile of its performance universe for the 1- and 3-year periods. The Board also noted that the Fund’s performance was below its blended custom benchmark for the 1- and 3-year periods. The Board considered that, in response to questions raised concerning the Fund’s performance, HFMC stated that it has confidence in the Fund’s portfolio management team and investment strategy. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

49

The Hartford Global Real Asset Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 5^th quintile of its expense group. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013. The Board also noted that in response to a request from the Board, HFMC had agreed to waive 0.15% of its contractual management fee for the Fund from November 1, 2014 to October 31, 2015.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

50

The Hartford Global Real Asset Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

51

The Hartford Global Real Asset Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets.

Natural Resources Risk: Investments in the natural resources sector include liquidity risk and risk of loss if there are adverse developments in the sector.

Inflation Protected Securities Risk: The market for inflation protected securities may be less developed or liquid, and more volatile, than other securities markets.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early).

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

Cayman Subsidiary Risk: Investing in a Cayman Islands subsidiary exposes the Fund to the risks associated with the subsidiary and its investments.

Commodities Risk: Investments in commodities may be more volatile than investments in traditional securities.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

52

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services. 

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-GRA14 12/14 113977-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD
GROWTH ALLOCATION FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Growth Allocation Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	8
Statement of Operations for the Year Ended October 31, 2014	9
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	10
Notes to Financial Statements	11
Financial Highlights	19
Report of Independent Registered Public Accounting Firm	21
Directors and Officers (Unaudited)	22
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	24
Quarterly Portfolio Holdings Information (Unaudited)	24
Federal Tax Information (Unaudited)	25
Expense Example (Unaudited)	26
Shareholder Meeting Results (Unaudited)	27
Approval of Investment Management Agreement (Unaudited)	28
Main Risks (Unaudited)	32

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s investment manager through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Growth Allocation Fund inception 05/28/2004

(advised by Hartford Funds Management Company, LLC (“HFMC”))

Investment objective – The Fund seeks long-term capital appreciation.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Growth Allocation A#		6.40	%		10.72	%		6.48	%
Growth Allocation A##		0.55	%		9.48	%		5.88	%
Growth Allocation B#		5.52	%		9.85	%		5.85	%*
Growth Allocation B##		0.52	%		9.57	%		5.85	%*
Growth Allocation C#		5.60	%		9.93	%		5.72	%
Growth Allocation C##		4.60	%		9.93	%		5.72	%
Growth Allocation I#		6.74	%		11.10	%		6.78	%
Growth Allocation R3#		6.09	%		10.41	%		6.22	%
Growth Allocation R4#		6.39	%		10.77	%		6.50	%
Growth Allocation R5#		6.75	%		11.10	%		6.75	%
Barclays U.S. Aggregate Bond Index		4.14	%		4.22	%		4.64	%
Growth Allocation Fund Blended Index		7.53	%		9.93	%		7.29	%
MSCI All Country World Index		8.32	%		11.15	%		7.65	%

#	Without sales charge
##	With sales charge
*	Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments.

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses.

Performance information includes performance under the Fund’s previous sub-advisers, Hartford Investment Management Company, using a modified investment strategy, and Wellington Management Company, LLP ("Wellington Management"). As of June 4, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

Effective May 31, 2014, Wellington Management no longer serves as the sub-adviser to the Fund.  In connection with these changes, HFMC has assumed the day-to-day management of the Fund.

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index.

Growth Allocation Fund Blended Index is calculated by Hartford Funds Management Company, LLC and represents the weighted return of 20% Barclays U.S. Aggregate Bond Index and 80% MSCI All Country World Index.

MSCI All Country World Index is a free float-adjusted market capitalization index that measures equity market performance in the global developed and emerging markets, consisting of 45 developed and emerging market country indices.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

2

The Hartford Growth Allocation Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Growth Allocation Class A		1.36	%		1.36	%
Growth Allocation Class B		2.19	%		2.19	%
Growth Allocation Class C		2.09	%		2.09	%
Growth Allocation Class I		1.04	%		1.04	%
Growth Allocation Class R3		1.65	%		1.65	%
Growth Allocation Class R4		1.35	%		1.35	%
Growth Allocation Class R5		1.05	%		1.05	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Expenses shown include expenses of the Underlying Funds. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Manager

Vernon J. Meyer, CFA

Managing Director and Chief Investment Officer of Hartford Funds Management Company, LLC (“HFMC”) and Chairman of HFMC Investment Oversight Committee

How did the Fund perform?

The Class A shares of The Hartford Growth Allocation Fund returned 6.40%, before sales charge, for the twelve-month period ended October 31, 2014 underperforming the Fund’s blended benchmark, 80% MSCI All Country World Index/20% Barclays U.S. Aggregate Bond Index, which returned 7.53% for the same period. In comparison, the Barclays U.S. Aggregate Bond Index and the MSCI All Country World Index returned 4.14% and 8.32%, respectively, for the same period. The Fund also underperformed the 8.98% average return for the Lipper Mixed-Asset Target Growth Funds category, a group of funds with equity weights of 60%-80%.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market marched on in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank (ECB) and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period, emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The ECB cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and Fed leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. In the U.S., second quarter GDP rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute

3

The Hartford Growth Allocation Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

returns and outperformed duration-equivalent government bonds as credit spreads tightened.

During the period, the list of available Underlying Funds was revised to include the following Funds: Hartford Global Capital Appreciation Fund, Hartford Global Equity Income Fund, Hartford Multi-Asset Income Fund, The Hartford Emerging Markets Research Fund, The Hartford World Bond Fund, The Hartford MidCap Fund, The Hartford MidCap Value Fund, The Hartford Small Company Fund, and Hartford Real Total Return Fund.

During the period from November 1, 2013 to May 31, 2014 (period when the Fund was sub-advised by Wellington Management Company, LLC (“Wellington Management”)), allocations to The Hartford Dividend and Growth Fund and The Hartford MidCap Value Fund contributed the most to relative performance. Allocations to The Hartford Emerging Markets Research and The Hartford International Opportunities Fund detracted from relative performance versus the Fund’s blended benchmark.

During the period from May 31, 2014 to October 31, 2014 (period when the Fund was managed directly by HFMC), allocations to The Hartford Small Company Fund and The Hartford MidCap Fund contributed the most to performance. Allocations to Hartford Real Total Return Fund and Hartford Global Equity Income Fund detracted the most from both relative and absolute performance. Derivatives are not utilized at the aggregate fund level but are utilized at the underlying fund level.

Effective May 31, 2014, Wellington Management no longer serves as the sub-adviser to the Fund. As a result of this change, Vernon J. Meyer replaced Richard P. Meagher and Wendy M. Cromwell as the portfolio manager of the Fund. The investment objective did not change, and the Fund continues to seek long-term capital appreciation.

What is the outlook?

The Fund ended the period with an overweight to international equities, smaller cap equities, and non-U.S. bonds, relative to its blended benchmark. We will continue to manage the Fund within the bands of the 80% equity, 20% fixed income strategic targets.

Composition by Investments
as of October 31, 2014
Fund Name	Percentage of Net Assets
Hartford Global Capital Appreciation Fund	22.2	%
Hartford Global Equity Income Fund	20.2
Hartford Multi-Asset Income Fund	11.8
Hartford Real Total Return Fund	4.9
The Hartford Emerging Markets Research Fund	9.8
The Hartford MidCap Fund	7.1
The Hartford MidCap Value Fund	7.1
The Hartford Small Company Fund	7.1
The Hartford World Bond Fund	9.8
Other Assets and Liabilities	0.0
Total	100.0	%

4

The Hartford Growth Allocation Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Affiliated Investment Companies - 100.0%
Alternative Strategy Funds - 4.9%
	4,515	Hartford Real Total Return Fund●			$	45,781
		Total Alternative Strategy Funds
		(Cost $46,843)			$	45,781
	Domestic Equity Funds - 21.3%
	2,127	The Hartford MidCap Fund			$	66,162
	3,691	The Hartford MidCap Value Fund				65,625
	2,350	The Hartford Small Company Fund				66,443
						198,230
		Total Domestic Equity Funds
		(Cost $177,178)			$	198,230
	International/Global Equity Funds - 52.2%
	9,887	Hartford Global Capital Appreciation Fund			$	206,252
	15,963	Hartford Global Equity Income Fund				187,410
	10,004	The Hartford Emerging Markets Research Fund				90,832
						484,494
		Total International/Global Equity Funds
		(Cost $483,919)			$	484,494
	Mixed-Asset Funds - 11.8%
	10,988	Hartford Multi-Asset Income Fund			$	109,330
		Total Mixed-Asset Funds
		(Cost $111,740)			$	109,330
	Taxable Fixed Income Funds - 9.8%
	8,433	The Hartford World Bond Fund			$	90,828
		Total Taxable Fixed Income Funds
		(Cost $90,930)			$	90,828
		Total Investments in Affiliated Investment Companies
		(Cost $910,610)			$	928,663
		Total Long-Term Investments
		(Cost $910,610)			$	928,663
		Total Investments
		(Cost $910,610) ▲	100.0	%	$	928,663
		Other Assets and Liabilities	—	%		(331	)
		Total Net Assets	100.0	%	$	928,332

The accompanying notes are an integral part of these financial statements.

5

The Hartford Growth Allocation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:   Percentage of investments as shown is the ratio of the total market value to total net assets. 

 For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $912,341 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	28,729
Unrealized Depreciation		(12,407	)
Net Unrealized Appreciation	$	16,322

● Non-income producing.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

6

The Hartford Growth Allocation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Affiliated Investment Companies	$	928,663	$	928,663	$	–	$	–
Total	$	928,663	$	928,663	$	–	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

7

The Hartford Growth Allocation Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in affiliated investment companies, at market value (cost $910,610)	$	928,663
Receivables:
Investment securities sold		348
Fund shares sold		465
Other assets		46
Total assets		929,522
Liabilities:
Payables:
Investment securities purchased		153
Fund shares redeemed		770
Investment management fees		22
Administrative fees		1
Distribution fees		80
Accrued expenses		164
Total liabilities		1,190
Net assets	$	928,332
Summary of Net Assets:
Capital stock and paid-in-capital	$	722,570
Undistributed net investment income		4,285
Accumulated net realized gain		183,424
Unrealized appreciation of investments		18,053
Net assets	$	928,332
Shares authorized		400,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$15.10/$15.98
Shares outstanding		41,653
Net assets	$	628,969
Class B: Net asset value per share	$	14.91
Shares outstanding		2,722
Net assets	$	40,575
Class C: Net asset value per share	$	14.90
Shares outstanding		14,053
Net assets	$	209,438
Class I: Net asset value per share	$	15.06
Shares outstanding		435
Net assets	$	6,553
Class R3: Net asset value per share	$	14.83
Shares outstanding		1,322
Net assets	$	19,608
Class R4: Net asset value per share	$	15.04
Shares outstanding		1,111
Net assets	$	16,704
Class R5: Net asset value per share	$	15.13
Shares outstanding		429
Net assets	$	6,485

The accompanying notes are an integral part of these financial statements.

8

The Hartford Growth Allocation Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends from affiliated investment companies	$	11,645
Total investment income		11,645
Expenses:
Investment management fees		1,195
Administrative services fees
Class R3		41
Class R4		27
Class R5		7
Transfer agent fees
Class A		910
Class B		130
Class C		279
Class I		4
Class R3		1
Class R4		—
Class R5		—
Distribution fees
Class A		1,570
Class B		523
Class C		2,146
Class R3		102
Class R4		45
Custodian fees		3
Accounting services fees		114
Registration and filing fees		119
Board of Directors' fees		25
Audit fees		17
Other expenses		143
Total expenses (before waivers)		7,401
Management fee waivers		(60	)
Total waivers		(60	)
Total expenses, net		7,341
Net Investment Income		4,304
Net Realized Gain on Investments:
Capital gain distributions received from affiliated investment companies		30,584
Net realized gain on investments in affiliated investment companies		181,223
Net realized gain on investments		3,208
Net Realized Gain on Investments		215,015
Net Changes in Unrealized Depreciation of Investments:
Net unrealized depreciation of investments in affiliated investment companies		(160,647	)
Net unrealized depreciation of investments		(2,890	)
Net Changes in Unrealized Depreciation of Investments		(163,537	)
Net Gain on Investments		51,478
Net Increase in Net Assets Resulting from Operations	$	55,782

The accompanying notes are an integral part of these financial statements.

9

The Hartford Growth Allocation Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	4,304		$	6,716
Net realized gain on investments		215,015			38,797
Net unrealized appreciation (depreciation) of investments		(163,537	)		113,821
Net Increase in Net Assets Resulting from Operations		55,782			159,334
Distributions to Shareholders:
From net investment income
Class A		(3,439	)		(13,888	)
Class B		—			(1,527	)
Class C		—			(3,957	)
Class I		(42	)		(101	)
Class R3		(60	)		(442	)
Class R4		(106	)		(372	)
Class R5		(55	)		(214	)
Total distributions		(3,702	)		(20,501	)
Capital Share Transactions:
Class A		(15,830	)		1,554
Class B		(27,107	)		(36,922	)
Class C		(14,931	)		(15,858	)
Class I		1,634			735
Class R3		(917	)		(913	)
Class R4		(1,312	)		(2,471	)
Class R5		(462	)		(2,427	)
Net decrease from capital share transactions		(58,925	)		(56,302	)
Net Increase (Decrease) in Net Assets		(6,845	)		82,531
Net Assets:
Beginning of period		935,177			852,646
End of period	$	928,332		$	935,177
Undistributed (distributions in excess of) net investment income	$	4,285		$	—

The accompanying notes are an integral part of these financial statements.

10

The Hartford Growth Allocation Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted) 

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Growth Allocation Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

The Fund, as a “Fund of Funds,” invests the majority of its assets in Class Y shares of other Hartford Funds ("Affiliated Investment Companies") and may also invest in one or more unaffiliated money market funds (together with the Affiliated Investment Companies, the "Underlying Funds"), certain exchange traded funds (“ETFs”) and/or exchange traded notes (“ETNs”). The Fund seeks its investment goal through implementation of a strategic asset allocation recommendation provided by Hartford Funds Management Company, LLC (“HFMC”), the adviser to the Fund.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged.

Significant Accounting Policies:

The significant accounting policies of the Affiliated Investment Companies are outlined in the shareholder reports for such funds, available (1) without charge, upon request, by calling 888-843-7824, (2) on our website www.hartfordfunds.com and (3) on the SEC’s website at www.sec.gov. The reports may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The significant accounting policies of the Affiliated Investment Companies are not covered by this report.

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

11

The Hartford Growth Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation and Fair Value Measurements – Investments in open-end mutual funds are valued at the respective NAV of each Underlying Fund as determined as of the NYSE Close on the Valuation Date. The Fund generally uses market prices in valuing the remaining portfolio investments. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company’s Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes.  Realized gains and losses are determined on the basis of identified cost.

Dividend income is accrued on the ex-dividend date. Income and capital gain distributions from the Underlying Funds are accrued on the ex-dividend date.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

12

The Hartford Growth Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. Long-term capital gain distributions are distributed by the Underlying Funds at least annually, when required. Unless shareholders specify otherwise, all dividends and distributions will be automatically reinvested in additional full or fractional shares of the Fund.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Principal Risks:

The Fund is exposed to the risks of the Underlying Funds and/or ETFs/ETNs in direct proportion to the amount of assets the Fund allocates to each Underlying Fund and/or ETF/ETN. The market values of the Underlying Funds and/or ETFs/ETNs may decline due to general market conditions which are not specifically related to a particular company in which the Underlying Fund and/or ETF/ETN invested, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities in which the Underlying Funds and/or ETFs/ETNs invest may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments and short-term capital gain adjustments. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	3,702	$	15,254
Long-Term Capital Gains ‡		—		5,247

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

13

The Hartford Growth Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	4,285
Undistributed Long-Term Capital Gain		198,823
Accumulated Capital and Other Losses*		(13,668	)
Unrealized Appreciation†		16,322
Total Accumulated Earnings	$	205,762

*	The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.
†	Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	3,683
Accumulated Net Realized Gain (Loss)		(3,683	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows:

Year of Expiration	Amount
2016	$	3,090
2017		10,578
Total	$	13,668

As a result of mergers in the Fund, certain provisions in the IRC may limit the future utilization of capital losses.  During the year ended October 31, 2014, the Fund utilized $6,891 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund

14

The Hartford Growth Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement – HFMC serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. Prior to May 31, 2014, HFMC contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. Effective May 31, 2014, HFMC assumed the day-to-day management of the Fund. The Fund pays a fee to the investment manager, a portion of which may have been used to compensate Wellington Management, prior to May 31, 2014.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.15%
On next $500 million	0.10%
On next $1.5 billion	0.09%
On next $2.5 billion	0.08%
On next $2.5 billion	0.07%
On next $2.5 billion	0.06%
Over $10 billion	0.05%

Effective May 31, 2014, HFMC voluntarily agreed to waive investment management fees of 0.015% of average daily net assets until such time as it is revoked by HFMC, in its sole discretion. These amounts are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.012%
Over $5 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5
1.50%	2.25%	2.25%	1.25%	1.70%	1.40%	1.10%

Contractual limitations for total operating expenses include expenses incurred as the result of investing in other investment companies including the Underlying Funds. Amounts incurred which exceed the above limits are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

15

The Hartford Growth Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $1,614 and contingent deferred sales charges of $31 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $2. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	972,708	$	—	$	972,708
Sales Proceeds		1,000,470		—		1,000,470

16

The Hartford Growth Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		5,245		231		(6,563	)		(1,087	)		6,980		1,117		(7,971	)		126
Amount	$	78,000	$	3,397	$	(97,227	)	$	(15,830	)	$	91,350	$	13,701	$	(103,497	)	$	1,554
Class B
Shares		23		—		(1,871	)		(1,848	)		121		121		(3,084	)		(2,842	)
Amount	$	348	$	—	$	(27,455	)	$	(27,107	)	$	1,568	$	1,478	$	(39,968	)	$	(36,922	)
Class C
Shares		1,274		—		(2,291	)		(1,017	)		1,464		304		(2,982	)		(1,214	)
Amount	$	18,757	$	—	$	(33,688	)	$	(14,931	)	$	18,948	$	3,706	$	(38,512	)	$	(15,858	)
Class I
Shares		190		2		(84	)		108			140		8		(89	)		59
Amount	$	2,826	$	36	$	(1,228	)	$	1,634		$	1,820	$	88	$	(1,173	)	$	735
Class R3
Shares		266		4		(335	)		(65	)		310		36		(417	)		(71	)
Amount	$	3,880	$	60	$	(4,857	)	$	(917	)	$	3,991	$	442	$	(5,346	)	$	(913	)
Class R4
Shares		543		7		(650	)		(100	)		357		30		(600	)		(213	)
Amount	$	8,108	$	104	$	(9,524	)	$	(1,312	)	$	4,714	$	366	$	(7,551	)	$	(2,471	)
Class R5
Shares		54		4		(89	)		(31	)		99		17		(307	)		(191	)
Amount	$	805	$	55	$	(1,322	)	$	(462	)	$	1,288	$	214	$	(3,929	)	$	(2,427	)
Total
Shares		7,595		248		(11,883	)		(4,040	)		9,471		1,633		(15,450	)		(4,346	)
Amount	$	112,724	$	3,652	$	(175,301	)	$	(58,925	)	$	123,679	$	19,995	$	(199,976	)	$	(56,302	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		531	$	7,869
For the Year Ended October 31, 2013		646	$	8,466

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on

17

The Hartford Growth Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

18

The Hartford Growth Allocation Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C),(D)			Ratio of Expenses to Average Net Assets After Adjust- ments(C),(D)			Ratio of Net Investment Income (Loss) to Average Net Assets(D)
For the Year Ended October 31, 2014
A	$	14.27	$	0.10		$	0.81	$	0.91	$	(0.08	)	$	–	$	(0.08	)	$	15.10		6.40	%	$	628,969		0.57	%		0.56	%		0.66	%
B		14.13		(0.01	)		0.79		0.78		–			–		–			14.91		5.52			40,575		1.42			1.42			(0.07	)
C		14.11		(0.01	)		0.80		0.79		–			–		–			14.90		5.60			209,438		1.30			1.29			(0.06	)
I		14.23		0.14			0.82		0.96		(0.13	)		–		(0.13	)		15.06		6.74			6,553		0.25			0.24			0.92
R3		14.02		0.05			0.80		0.85		(0.04	)		–		(0.04	)		14.83		6.09			19,608		0.87			0.87			0.36
R4		14.22		0.10			0.81		0.91		(0.09	)		–		(0.09	)		15.04		6.39			16,704		0.57			0.57			0.67
R5		14.29		0.14			0.82		0.96		(0.12	)		–		(0.12	)		15.13		6.75			6,485		0.27			0.27			0.96
For the Year Ended October 31, 2013
A	$	12.21	$	0.13		$	2.26	$	2.39	$	(0.33	)	$	–	$	(0.33	)	$	14.27		20.02	%	$	610,007		0.59	%		0.59	%		0.97	%
B		12.09		0.04			2.22		2.26		(0.22	)		–		(0.22	)		14.13		19.00			64,592		1.42			1.42			0.35
C		12.08		0.04			2.24		2.28		(0.25	)		–		(0.25	)		14.11		19.17			212,687		1.32			1.32			0.28
I		12.17		0.15			2.28		2.43		(0.37	)		–		(0.37	)		14.23		20.46			4,648		0.27			0.27			1.18
R3		12.01		0.09			2.23		2.32		(0.31	)		–		(0.31	)		14.02		19.71			19,453		0.88			0.88			0.71
R4		12.15		0.14			2.25		2.39		(0.32	)		–		(0.32	)		14.22		20.11			17,221		0.58			0.58			1.07
R5		12.22		0.19			2.25		2.44		(0.37	)		–		(0.37	)		14.29		20.44			6,569		0.28			0.28			1.48
For the Year Ended October 31, 2012
A	$	11.24	$	0.07		$	1.01	$	1.08	$	(0.11	)	$	–	$	(0.11	)	$	12.21		9.75	%	$	520,278		0.61	%		0.61	%		0.58	%
B		11.11		(0.02	)		1.01		0.99		(0.01	)		–		(0.01	)		12.09		8.93			89,586		1.41			1.41			(0.20	)
C		11.11		(0.02	)		1.01		0.99		(0.02	)		–		(0.02	)		12.08		8.97			196,748		1.34			1.34			(0.15	)
I		11.21		0.11			1.00		1.11		(0.15	)		–		(0.15	)		12.17		10.08			3,268		0.29			0.29			0.91
R3		11.07		0.02			1.01		1.03		(0.09	)		–		(0.09	)		12.01		9.43			17,513		0.89			0.89			0.21
R4		11.18		0.07			1.02		1.09		(0.12	)		–		(0.12	)		12.15		9.83			17,299		0.59			0.59			0.60
R5		11.25		0.10			1.02		1.12		(0.15	)		–		(0.15	)		12.22		10.11			7,954		0.29			0.29			0.82
For the Year Ended October 31, 2011 (E)
A	$	11.01	$	0.06		$	0.24	$	0.30	$	(0.07	)	$	–	$	(0.07	)	$	11.24		2.72	%	$	394,691		0.59	%		0.59	%		0.54	%
B		10.90		(0.03	)		0.24		0.21		–			–		–			11.11		1.93			79,711		1.38			1.38			(0.25	)
C		10.89		(0.02	)		0.24		0.22		–			–		–			11.11		2.02			156,463		1.33			1.33			(0.19	)
I		10.97		0.10			0.25		0.35		(0.11	)		–		(0.11	)		11.21		3.15			2,455		0.26			0.26			0.86
R3		10.87		0.04			0.23		0.27		(0.07	)		–		(0.07	)		11.07		2.48			9,689		0.89			0.89			0.24
R4		10.95		0.07			0.23		0.30		(0.07	)		–		(0.07	)		11.18		2.74			14,605		0.59			0.59			0.55
R5		11.02		0.10			0.23		0.33		(0.10	)		–		(0.10	)		11.25		3.02			4,457		0.29			0.29			0.86

See Portfolio Turnover information on the next page.

19

The Hartford Growth Allocation Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C),(D)			Ratio of Expenses to Average Net Assets After Adjust- ments(C),(D)			Ratio of Net Investment Income (Loss) to Average Net Assets(D)
For the Year Ended October 31, 2010
A	$	9.58	$	0.07		$	1.42	$	1.49	$	(0.06	)	$	–	$	(0.06	)	$	11.01		15.60	%	$	405,386		0.61	%		0.61	%		0.67	%
B		9.50		(0.01	)		1.41		1.40		–			–		–			10.90		14.74			93,002		1.41			1.41			(0.13	)
C		9.49		(0.01	)		1.41		1.40		–			–		–			10.89		14.75			167,745		1.34			1.34			(0.07	)
I		9.55		0.10			1.42		1.52		(0.10	)		–		(0.10	)		10.97		15.96			3,005		0.27			0.27			1.02
R3		9.50		0.03			1.41		1.44		(0.07	)		–		(0.07	)		10.87		15.21			6,314		0.90			0.90			0.35
R4		9.53		0.07			1.42		1.49		(0.07	)		–		(0.07	)		10.95		15.67			13,734		0.59			0.59			0.66
R5		9.58		0.10			1.43		1.53		(0.09	)		–		(0.09	)		11.02		16.06			4,838		0.29			0.29			0.98

(A)	Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.
(B)	Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.
(C)	Adjustments include waivers and reimbursements, if applicable.
(D)	Ratios do not include expenses of the Underlying Funds and/or ETFs/ETNs, if applicable.
(E)	Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		103	%
For the Year Ended October 31, 2013		20
For the Year Ended October 31, 2012		95	(A)
For the Year Ended October 31, 2011		36
For the Year Ended October 31, 2010		23

(A) During the year ended October 31, 2012, the Fund incurred $36.1 million in sales of securities held associated with the transition of assets from The Hartford Equity Growth Allocation Fund, which merged into the Fund on May 25, 2012. These sales are excluded from the portfolio turnover calculation.

20

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Growth Allocation Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Growth Allocation Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

21

The Hartford Growth Allocation Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

        Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

        Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

        Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

        Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

22

The Hartford Growth Allocation Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

        In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

        Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

        Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

        Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

        Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

        Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

23

The Hartford Growth Allocation Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

        Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

        Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

        Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

        Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

        Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

        Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

        ** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

24

The Hartford Growth Allocation Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

25

The Hartford Growth Allocation Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio(A)			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,016.80	$	2.85	$	1,000.00	$	1,022.38	$	2.85		0.56	%		184		365
Class B	$	1,000.00	$	1,012.20	$	7.15	$	1,000.00	$	1,018.10	$	7.17		1.41			184		365
Class C	$	1,000.00	$	1,012.90	$	6.53	$	1,000.00	$	1,018.71	$	6.55		1.29			184		365
Class I	$	1,000.00	$	1,018.30	$	1.20	$	1,000.00	$	1,024.01	$	1.21		0.24			184		365
Class R3	$	1,000.00	$	1,015.10	$	4.42	$	1,000.00	$	1,020.82	$	4.43		0.87			184		365
Class R4	$	1,000.00	$	1,016.90	$	2.86	$	1,000.00	$	1,022.37	$	2.86		0.56			184		365
Class R5	$	1,000.00	$	1,018.20	$	1.33	$	1,000.00	$	1,023.89	$	1.33		0.26			184		365

(A) Ratios do not include expenses of the Underlying Funds and/or ETFs/ETNs, if applicable.

26

The Hartford Growth Allocation Fund

Shareholder Meeting Results (Unaudited)

The Fund solicited proxies from shareholders seeking approval on the following matters to be voted upon at a special meeting of shareholders of the Fund held on April 4, 2014 (“Shareholder Meeting”): (1) ratification and approval of the sub-advisory agreement between HFMC, the investment manager of the Fund, and Wellington Management, pursuant to which Wellington Management served as sub-adviser to the Fund and managed the Fund's assets; (2) approval of the retention of fees paid and the payment of fees payable by Hartford Investment Financial Services, LLC, the Fund’s former investment manager, and HFMC (as applicable) to Wellington Management for its sub-advisory services to the Fund; and (3) authorization of HFMC to select and contract with sub-advisers that are not affiliated with HFMC or the Fund (other than by reason of serving as a sub-adviser to one or more Hartford-sponsored mutual funds) and to materially amend investment sub-advisory agreements without obtaining shareholder approval.

The aforementioned matters were not voted upon at the Shareholder Meeting due to the failure to obtain the votes necessary to achieve a quorum, and did not receive the requisite votes for approval at subsequent adjourned meetings on May 9, 2014 and May 10, 2014. 

27

The Hartford Growth Allocation Fund

Approval of Investment Management Agreement (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory agreement. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Growth Allocation Fund (the “Fund”) with Hartford Funds Management Company, LLC (the “Adviser”) (the “Agreement”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Adviser to questions posed to it on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreement at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Adviser and its affiliates. The Board also received in-person presentations by Fund officers and representatives of the Adviser at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreement. In addition, the Board held a special meeting on May 30, 2014 to consider the Adviser’s proposal to terminate Wellington Management Company, LLP (“Wellington Management”) as sub-adviser and begin managing the Fund directly effective May 31, 2014.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreement with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by the Adviser in connection with the continuation of the Agreement.

In determining whether to continue the Agreement for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreement was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreement. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreement is provided below.

Nature, Extent and Quality of Services Provided by the Adviser

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Adviser. The Board considered, among other things, the terms of the Agreement and the range of services provided by the Adviser. The Board considered the Adviser’s professional personnel who provide services to the Fund, including the Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. In particular, the Board considered the information presented at the May 30, 2014 special meeting regarding the Fund’s portfolio manager, the Adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered that while the Adviser utilizes a different portfolio construction process than Wellington Management, the Fund’s strategic allocation, principal investment strategy, investment objective, performance benchmark and peer group remained the same as when the Fund was managed by Wellington Management. The Board considered the Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of the Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning the Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on the Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on the Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Adviser’s support of the Fund’s compliance control structure, particularly the resources devoted by the Adviser in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

28

The Hartford Growth Allocation Fund

Approval of Investment Management Agreement (Unaudited) – (continued)

The Board noted that under the Agreement, the Adviser is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services. The Board considered the Adviser’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that the Adviser has demonstrated a record of making changes to the management and/or strategies of the Hartford Funds when warranted. The Board considered the Adviser’s approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered the Adviser’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of the Adviser’s services in this regard.

In addition, the Board considered the Adviser’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that the Adviser had incurred in connection with fund combinations in recent years. The Board considered that the Adviser or its affiliates are responsible for providing the Fund’s officers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by the Adviser.

Performance of the Fund and the Adviser

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated the Adviser’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Adviser concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 5-year periods and the 4^th quintile for the 3-year period. The Board also noted that the Fund’s performance was above its blended custom benchmark for the 1- and 5-year periods and in line with its blended custom benchmark for the 3-year period. The Board further noted recent changes to the Fund’s portfolio management team in connection with the termination of Wellington Management as sub-adviser effective May 31, 2014.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Adviser’s cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in the Adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Adviser

The Board reviewed information regarding the Adviser’s cost to provide investment management and related services to the Fund and the Adviser’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to the Adviser and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund.

The Board considered the Consultant’s review of the profitability calculations used by the Adviser in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Adviser and its affiliates from their relationships with the Fund would not be excessive.

29

The Hartford Growth Allocation Fund

Approval of Investment Management Agreement (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Adviser

The Board considered comparative information with respect to the management fees to be paid by the Fund to the Adviser and the total expense ratios of the Fund. The Board also reviewed information from Lipper comparing the Fund’s overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile of its expense group. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013. The Board also noted that in connection with the termination of Wellington Management and the assumption by the Adviser of responsibility for direct management of the Fund, the Adviser had voluntarily waived 0.015% of its contractual management fee for the Fund commencing on May 31, 2014.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Adviser, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Adviser’s realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that the Adviser has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Adviser and its affiliates from their relationships with the Fund.

The Board noted that the Adviser receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to the Adviser for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of the Adviser, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of the Adviser, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research.

30

The Hartford Growth Allocation Fund

Approval of Investment Management Agreement (Unaudited) – (continued)

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered the Adviser’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreement for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

31

The Hartford Growth Allocation Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the investment manager's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio manager's asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

Fund of Funds Risk:The Fund invests in a number of Underlying Funds, and is subject to the risks of the Underlying Funds in direct proportion to the amount of assets it invests in each Underlying Fund. The Underlying Funds may invest in the following: foreign securities including emerging markets, fixed income securities (which carry credit and interest rate risk) including junk bonds, small- and mid-cap stocks, mortgage- and asset-backed securities, and derivatives.

32

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services. 

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-GA14 12/14 113981-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD  
HEALTHCARE FUND     2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Healthcare Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	9
Statement of Operations for the Year Ended October 31, 2014	10
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	11
Notes to Financial Statements	12
Financial Highlights	23
Report of Independent Registered Public Accounting Firm	25
Directors and Officers (Unaudited)	26
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	28
Quarterly Portfolio Holdings Information (Unaudited)	28
Federal Tax Information (Unaudited)	29
Expense Example (Unaudited)	30
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	31
Main Risks (Unaudited)	35

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Healthcare Fund inception 05/01/2000

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term capital appreciation.

Performance Overview 10/31/04 - 10/31/14

 

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year		5 Years		10 Years
Healthcare A#	30.48	%	22.87	%	12.39	%
Healthcare A##	23.30	%	21.49	%	11.76	%
Healthcare B#	29.34	%	21.85	%	11.71	%*
Healthcare B##	24.34	%	21.67	%	11.71	%*
Healthcare C#	29.52	%	22.01	%	11.58	%
Healthcare C##	28.52	%	22.01	%	11.58	%
Healthcare I#	30.84	%	23.25	%	12.69	%
Healthcare R3#	30.08	%	22.60	%	12.28	%
Healthcare R4#	30.45	%	22.97	%	12.58	%
Healthcare R5#	30.82	%	23.35	%	12.85	%
Healthcare Y#	31.00	%	23.45	%	12.92	%
S&P 500 Index	17.27	%	16.69	%	8.20	%
S&P North American Health Care Sector Index	30.02	%	22.79	%	12.63	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments.

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

S&P North American Health Care Sector Index is a modified capitalization-weighted index based on United States headquartered health care companies. Stocks in the index are weighted such that each stock is no more than 7.5% of the market capitalization as of the most recent reconstitution date. The companies included in the index must be common stocks and be traded on the NYSE MKT LLC, Nasdaq or the New York Stock Exchange and meet certain established market capitalization levels.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Healthcare Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net		Gross
Healthcare Class A	1.40	%	1.40	%
Healthcare Class B	2.26	%	2.29	%
Healthcare Class C	2.11	%	2.11	%
Healthcare Class I	1.08	%	1.08	%
Healthcare Class R3	1.65	%	1.66	%
Healthcare Class R4	1.35	%	1.36	%
Healthcare Class R5	1.05	%	1.08	%
Healthcare Class Y	0.96	%	0.96	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Managers
Jean M. Hynes, CFA	Ann C. Gallo	Kirk J. Mayer, CFA	Robert L. Deresiewicz
Senior Vice President and Global Industry Analyst	Senior Vice President and Global Industry Analyst	Senior Vice President and Global Industry Analyst	Senior Vice President and Global Industry Analyst

How did the Fund perform?

The Class A shares of The Hartford Healthcare Fund returned 30.48%, before sales charge, for the twelve-month period ended October 31, 2014, performing roughly in line with the Fund’s benchmark, the S&P North American Health Care Sector Index, which returned 30.02% for the same period. The Fund outperformed the S&P 500 Index, which returned 17.27% for the same period. The Fund outperformed the 29.69% average return of the Lipper Global Health and Biotechnology peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Health care stocks (+30%) outperformed both the broader U.S. market (+17%) and the global equity market (+9%) during the period, as measured by the S&P North American Health Care Sector, S&P 500, and the MSCI World Indices respectively. Within the S&P North American Health Care Index, all five sub-sectors posted positive absolute returns. Biopharma returns outperformed across the market-cap spectrum; small-cap, mid-cap, and large-cap biopharma returned approximately 47%, 46%, and 31%, respectively, while medical technology (+23%) and health services (+29%) lagged the broader health care index.

The Fund outperformed the S&P North American Health Care Sector Index due to a combination of positive sector allocation and positive stock selection. Overweight allocations to small- and mid-cap biopharma names as well as an underweight to medical technology contributed to relative performance. However, a modest cash position in an upward trending market environment detracted from relative results during the period. Security selection also contributed to relative returns due to strong selection in large-cap biopharma names and medical technology during the period.

Holdings of Forest Labs (pharma, biotech, & life sciences) and Anacor Pharmaceuticals (pharma, biotech, & life sciences) and having no exposure to Pfizer (pharma, biotech, & life sciences) contributed most to results relative to the S&P North American Health Care Sector Index. Shares of Forest Labs, a U.S.-based pharmaceutical company, soared in early 2014 on news the company was being acquired by Actavis for U.S. $25 billion. Shares of Anacor Pharmaceuticals, a U.S.-based biopharmaceutical company focused on discovering, developing and commercializing small-molecule therapeutics, outperformed on news that its topical toe nail antifungal was approved by the FDA. Pfizer, a large U.S. pharmaceutical company, saw its stock fall after the company's plans to acquire AstraZeneca were rejected after six months of negotiations. Top contributors to absolute performance during the period also included Gilead Sciences (specialty pharmaceuticals) and Covidien (health care equipment & services).

Allergan (pharma, biotech, & life sciences), TESARO (pharma, biotech, & life sciences), and Medicines Company (pharma, biotech, & life sciences) were the top detractors from performance relative to the S&P North American Health Care Sector Index. Shares of Allergan, a specialty pharmaceutical company, rose during the period as the company is being pursued as an acquisition candidate by Valeant Pharmaceuticals. Not owning the strong performing S&P North American Health Care Sector Index -constituent weighed on relative returns. Shares of TESARO, a U.S.-based biopharmaceutical company, pulled back in late March along with many other companies across the biopharma sub-sector, but the stock has been slower to recover from the drawdown. Medicines Company, a pharmaceutical firm focused on the acute-care (hospital-based) drug market, has been a weak performer due to potential generic competition for their lead drug Angiomax. Top detractors from absolute performance during the period also included MediWound (pharma, biotech, & life).

3

The Hartford Healthcare Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited) 

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We expect consolidation within the industry to continue, particularly among generic manufacturers, health care service companies, and biotechs. However, recent steps by the Treasury to limit inversion-based transactions will likely discourage companies from doing deals that do not have a strong, strategic rationale but rather are mainly driven by the tax considerations. Importantly, the companies held within the Fund that are domiciled in low tax jurisdictions are held for their strong fundamentals and have the qualities to succeed as stand-alone companies, separate from their potential appeal as acquisition targets.

We continue to emphasize holdings in the biopharmaceutical companies most advanced in the immuno-oncology field, as well as other biopharmaceuticals with underappreciated future cash flows. Moreover, we are optimistic about the long-term outlook for the health care services sector and maintain the belief that the evolving structure of health care markets both within and outside the U.S. will lead to the emergence of clear winners and losers. We believe our philosophy of using a long term time horizon to evaluate secular themes and trends as they play out globally will enable us to identify the pockets of opportunity within the health care sector able to generate sustainable, growth.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Staples		3.0	%
Health Care		92.5
Industrials		0.9
Information Technology		0.3
Total		96.7	%
Short-Term Investments		1.3
Other Assets and Liabilities		2.0
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford Healthcare Fund

Schedule of Investments

October 31, 2014
(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.7%
		Biotechnology - 25.7%
	91	Acorda Therapeutics, Inc. ●	$	3,152
	413	Alkermes plc ●		20,855
	120	Alnylam Pharmaceuticals, Inc. ●		11,138
	388	Anacor Pharmaceuticals, Inc. ●		11,415
	1,555	Arena Pharmaceuticals, Inc. ●		6,780
	599	BioCryst Pharmaceuticals, Inc. ●		7,026
	23	Biogen Idec, Inc. ●		7,257
	186	Cepheid, Inc. ●		9,841
	69	Cubist Pharmaceuticals, Inc. ●		4,990
	79	Foundation Medicine, Inc. ●		2,037
	526	Gilead Sciences, Inc. ●		58,929
	345	Glycomimetics, Inc. ●		2,458
	192	Incyte Corp. ●		12,851
	125	Innate Pharma S.A. ●		1,152
	307	Ironwood Pharmaceuticals, Inc. ●		4,310
	9	Kite Pharma, Inc. ●		337
	403	NPS Pharmaceuticals, Inc. ●		11,051
	34	Otonomy, Inc. ●		899
	157	Portola Pharmaceuticals, Inc. ●		4,472
	84	PTC Therapeutics, Inc. ●		3,417
	72	Regeneron Pharmaceuticals, Inc. ●		28,514
	440	Regulus Therapeutics, Inc. ●		8,775
	633	Rigel Pharmaceuticals, Inc. ●		1,252
	106	Seattle Genetics, Inc. ●		3,878
	261	Tesaro, Inc. ●		7,260
	260	Tetraphase Pharmaceuticals, Inc. ●		6,211
	193	Trevana, Inc. ●		1,119
	4	Ultragenyx Pharmaceutical, Inc. ●		193
	140	Vertex Pharmaceuticals, Inc. ●		15,771
				257,340
		Drug Retail - 3.0%
	202	CVS Health Corp.		17,322
	103	Diplomat Pharmacy, Inc. ●		2,208
	164	Walgreen Co.		10,556
				30,086
		Health Care Distributors - 5.1%
	229	Cardinal Health, Inc.		17,971
	165	McKesson Corp.		33,581
				51,552
		Health Care Equipment - 17.5%
	357	Abbott Laboratories		15,561
	238	AtriCure, Inc. ●		4,154
	38	Becton, Dickinson & Co.		4,830
	1,337	Boston Scientific Corp. ●		17,755
	316	Covidien plc		29,168
	265	Globus Medical, Inc. ●		5,871
	73	Heartware International, Inc. ●		5,601
	561	K2M Group Holdings, Inc. ●		9,033
	438	Medtronic, Inc.		29,850
	140	Ocular Therapeutix, Inc. ●		2,140
	261	St. Jude Medical, Inc.		16,734
	159	Stryker Corp.		13,902
	144	T2 Biosystems, Inc. ●		2,324
	168	Tornier N.V. ●		4,704
	316	TriVascular Techonologies, Inc. ●		4,182
	90	Zimmer Holdings, Inc.		10,040
				175,849
		Health Care Facilities - 5.1%
	114	Acadia Healthcare Co., Inc. ●		7,059
	330	HCA Holdings, Inc. ●		23,128
	528	NMC Health plc		4,181
	2,363	Phoenix Healthcare Group Co., Ltd.		4,645
	767	Spire Healthcare Group plc ●		3,436
	88	Universal Health Services, Inc. Class B		9,098
				51,547
		Health Care Services - 1.7%
	244	Al Noor Hospitals Group		3,976
	368	Envision Healthcare Holdings ●		12,857
	17	iKang Healthcare Group, Inc. ●		318
				17,151
		Health Care Supplies - 0.7%
	96	Dentsply International, Inc.		4,851
	163	Endologix, Inc. ●		1,855
				6,706
		Health Care Technology - 2.1%
	650	Allscripts Healthcare Solutions, Inc. ●		8,915
	56	athenahealth, Inc. ●		6,858
	221	IMS Health Holdings, Inc. ●		5,360
				21,133
		Internet Software and Services - 0.3%
	209	Everyday Health, Inc. ●		2,853
		Life Sciences Tools and Services - 2.4%
	136	Agilent Technologies, Inc.		7,514
	41	Covance, Inc. ●		3,287
	33	MorphoSys AG ●		3,156
	83	Thermo Fisher Scientific, Inc.		9,781
				23,738
		Managed Health Care - 5.7%
	312	Aetna, Inc.		25,717
	195	CIGNA Corp.		19,439
	188	Qualicorp S.A. ●		1,909
	110	UnitedHealth Group, Inc.		10,477
				57,542
		Pharmaceuticals - 26.5%
	186	Actavis plc ●		45,149
	392	Aerie Pharmaceuticals, Inc. ●		9,883
	99	Almirall S.A. ●		1,626
	238	AstraZeneca plc ADR		17,388
	1,018	Bristol-Myers Squibb Co.		59,218
	288	Daiichi Sankyo Co., Ltd.		4,326
	53	Dr. Reddy's Laboratories Ltd. ADR		2,782
	135	Eisai Co., Ltd.		5,295
	252	Eli Lilly & Co.		16,718
	96	Hospira, Inc. ●		5,177
	61	Johnson & Johnson		6,586
	264	Medicines Co. ●		6,672
	232	MediWound Ltd. ●		1,371
	273	Merck & Co., Inc.		15,828
	135	Mylan, Inc. ●		7,248
	39	Ono Pharmaceutical Co., Ltd.		3,917
	17	Salix Pharmaceuticals Ltd. ●		2,480
	107	Sanofi-Aventis S.A.		9,713
	521	Shionogi & Co., Ltd.		13,620
	247	Teva Pharmaceutical Industries Ltd. ADR		13,969
	117	UCB S.A.		9,422
	370	Xenoport, Inc. ●		2,512
	128	Zoetis, Inc.		4,761
				265,661

The accompanying notes are an integral part of these financial statements.

5

The Hartford Healthcare Fund

Schedule of Investments – (continued)

October 31, 2014
(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Common Stocks - 96.7% - (continued)
		Research and Consulting Services - 0.9%
	158	Quintiles Transnational Holdings ●			$	9,221
		Total Common Stocks
		(Cost $642,276)			$	970,379
		Total Long-Term Investments
		(Cost $642,276)			$	970,379
Short-Term Investments - 1.3%
		Repurchase Agreements - 1.3%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $37, collateralized by U.S. Treasury Note 1.50%, 2019, value of $37)
$	37	0.08%, 10/31/2014			$	37
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $624, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $636)
	624	0.09%, 10/31/2014				624
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $168, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $171)
	167	0.08%, 10/31/2014				167
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $568, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $579)
	568	0.10%, 10/31/2014				568
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,140, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $2,183)
	2,140	0.08%, 10/31/2014				2,140
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,460, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $2,509)
	2,459	0.09%, 10/31/2014				2,459
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $142, collateralized by U.S. Treasury Note 0.88%, 2017, value of $145)
	142	0.13%, 10/31/2014				142
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $209, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $213)
	209	0.07%, 10/31/2014				209
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,202, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $2,246)
	2,202	0.08%, 10/31/2014				2,202
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,267, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $4,352)
	4,266	0.10%, 10/31/2014				4,266
						12,814
		Total Short-Term Investments
		(Cost $12,814)			$	12,814
		Total Investments
		(Cost $655,090) ▲	98.0	%	$	983,193
		Other Assets and Liabilities	2.0	%		19,567
		Total Net Assets	100.0	%	$	1,002,760

The accompanying notes are an integral part of these financial statements.

6

The Hartford Healthcare Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:  Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $659,485 and the aggregate gross unrealized appreciation and depreciation based on that cost were:    

Unrealized Appreciation	$	338,897
Unrealized Depreciation		(15,189	)
Net Unrealized Appreciation	$	323,708

● Non-income producing.

Foreign Currency Contracts Outstanding at October 31, 2014

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
JPY	Sell	11/06/2014	DEUT	$	362	$	360	$	2	$	–
JPY	Sell	12/17/2014	JPM		13,013		12,353		660		–
JPY	Sell	11/04/2014	SSG		188		181		7		–
JPY	Sell	11/05/2014	UBS		967		939		28		–
Total								$	697	$	–

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
DEUT	Deutsche Bank Securities, Inc.
JPM	JP Morgan Chase & Co.
SSG	State Street Global Markets LLC
UBS	UBS AG
Currency Abbreviations:
JPY	Japanese Yen
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

7

The Hartford Healthcare Fund

Schedule of Investments – (continued)

October 31, 2014
(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	970,379	$	913,507	$	56,872	$	–
Short-Term Investments		12,814		–		12,814		–
Total	$	983,193	$	913,507	$	69,686	$	–
Foreign Currency Contracts *	$	697	$	–	$	697	$	–
Total	$	697	$	–	$	697	$	–

♦	For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.
‡	The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.
*	Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

8

The Hartford Healthcare Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $655,090)	$	983,193
Cash		—
Foreign currency on deposit with custodian (cost $—)		—
Unrealized appreciation on foreign currency contracts		697
Receivables:
Investment securities sold		16,126
Fund shares sold		3,876
Dividends and interest		991
Other assets		70
Total assets		1,004,953
Liabilities:
Payables:
Investment securities purchased		1,058
Fund shares redeemed		753
Investment management fees		163
Administrative fees		2
Distribution fees		68
Accrued expenses		149
Total liabilities		2,193
Net assets	$	1,002,760
Summary of Net Assets:
Capital stock and paid-in-capital	$	611,532
Distributions in excess of net investment income		(4,576	)
Accumulated net realized gain		67,045
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		328,759
Net assets	$	1,002,760
Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$36.60/$38.73
Shares outstanding		16,368
Net assets	$	599,010
Class B: Net asset value per share	$	32.18
Shares outstanding		351
Net assets	$	11,303
Class C: Net asset value per share	$	32.42
Shares outstanding		5,446
Net assets	$	176,581
Class I: Net asset value per share	$	37.63
Shares outstanding		3,653
Net assets	$	137,450
Class R3: Net asset value per share	$	37.58
Shares outstanding		1,077
Net assets	$	40,482
Class R4: Net asset value per share	$	38.64
Shares outstanding		764
Net assets	$	29,530
Class R5: Net asset value per share	$	39.60
Shares outstanding		59
Net assets	$	2,323
Class Y: Net asset value per share	$	39.85
Shares outstanding		153
Net assets	$	6,081

The accompanying notes are an integral part of these financial statements.

9

The Hartford Healthcare Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	7,848
Interest		16
Less: Foreign tax withheld		(167	)
Total investment income		7,697
Expenses:
Investment management fees		7,318
Administrative services fees
Class R3		65
Class R4		34
Class R5		2
Transfer agent fees
Class A		725
Class B		36
Class C		177
Class I		121
Class R3		2
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		1,252
Class B		137
Class C		1,461
Class R3		162
Class R4		58
Custodian fees		12
Accounting services fees		116
Registration and filing fees		144
Board of Directors' fees		22
Audit fees		17
Other expenses		141
Total expenses (before waivers and fees paid indirectly)		12,002
Expense waivers		—
Commission recapture		(12	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(12	)
Total expenses, net		11,990
Net Investment Loss		(4,293	)
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		83,054
Net realized gain on foreign currency contracts		963
Net realized gain on other foreign currency transactions		102
Net Realized Gain on Investments and Foreign Currency Transactions		84,119
Net Changes in Unrealized Appreciation of Investments and Foreign Currency Transactions:
Net unrealized appreciation of investments		136,202
Net unrealized appreciation of foreign currency contracts		622
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(48	)
Net Changes in Unrealized Appreciation of Investments and Foreign Currency Transactions		136,776
Net Gain on Investments and Foreign Currency Transactions		220,895
Net Increase in Net Assets Resulting from Operations	$	216,602

The accompanying notes are an integral part of these financial statements.

10

The Hartford Healthcare Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment loss	$	(4,293	)	$	(1,920	)
Net realized gain on investments and foreign currency transactions		84,119			41,957
Net unrealized appreciation of investments and foreign currency transactions		136,776			134,236
Net Increase in Net Assets Resulting from Operations		216,602			174,273
Capital Share Transactions:
Class A		52,262			28,527
Class B		(6,916	)		(3,981	)
Class C		22,913			13,332
Class I		30,037			22,756
Class R3		7,219			6,671
Class R4		5,638			1,020
Class R5		614			(1,729	)
Class Y		671			(457	)
Net increase from capital share transactions		112,438			66,139
Net Increase in Net Assets		329,040			240,412
Net Assets:
Beginning of period		673,720			433,308
End of period	$	1,002,760		$	673,720
Undistributed (distributions in excess of) net investment income	$	(4,576	)	$	(2,241	)

The accompanying notes are an integral part of these financial statements.

11

The Hartford Healthcare Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Healthcare Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

12

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014
(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when

13

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal

14

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014
(000’s Omitted)

rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund had no when-issued or delayed-delivery investments as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

15

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	697	$	—	$	—	$	—	$	—	$	697
Total	$	—	$	697	$	—	$	—	$	—	$	—	$	697

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on foreign currency contracts	$	—	$	963	$	—	$	—	$	—	$	—	$	963
Total	$	—	$	963	$	—	$	—	$	—	$	—	$	963
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	622	$	—	$	—	$	—	$	—	$	622
Total	$	—	$	622	$	—	$	—	$	—	$	—	$	622

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the Futures Commission Merchant's ("FCM") custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

16

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Unrealized appreciation on foreign currency contracts	$	660	$	—	$	—	$	—	$	660
Total subject to a master netting or similar arrangement	$	660	$	—	$	—	$	—	$	660

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

17

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Components of Distributable Earnings – The Fund’s components of distributable earnings (deficit) on a tax basis at October 31, 2014, are as follows:

	Amount
Undistributed Long-Term Capital Gain	$	71,460
Accumulated Capital and Other Losses		(3,936	)
Unrealized Appreciation*		323,704
Total Accumulated Earnings	$	391,228

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	1,958
Accumulated Net Realized Gain (Loss)		160
Capital Stock and Paid-in-Capital		(2,118	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

During the year ended October 31, 2014, the Fund utilized $12,172 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The

18

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.9000%
On next $500 million	0.8500%
On next $4 billion	0.8000%
On next $5 billion	0.7975%
Over $10 billion	0.7950%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.014%
On next $5 billion	0.012%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.60%	2.35%	2.35%	1.35%	1.65%	1.35%	1.05%	1.00%

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Statement of Operations.

19

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014
(000’s Omitted)

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.33	%
Class B		2.20
Class C		2.05
Class I		1.04
Class R3		1.64
Class R4		1.34
Class R5		1.05
Class Y		0.93

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $2,495 and contingent deferred sales charges of $18 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

20

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	330,884	$	—	$	330,884
Sales Proceeds		228,290		—		228,290

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		4,289		—		(2,729	)		1,560			3,668		—		(2,623	)		1,045
Amount	$	139,654	$	—	$	(87,392	)	$	52,262		$	90,251	$	—	$	(61,724	)	$	28,527
Class B
Shares		13		—		(253	)		(240	)		27		—		(215	)		(188	)
Amount	$	398	$	—	$	(7,314	)	$	(6,916	)	$	562	$	—	$	(4,543	)	$	(3,981	)
Class C
Shares		1,432		—		(646	)		786			1,164		—		(584	)		580
Amount	$	41,553	$	—	$	(18,640	)	$	22,913		$	25,634	$	—	$	(12,302	)	$	13,332
Class I
Shares		1,780		—		(874	)		906			1,338		—		(450	)		888
Amount	$	59,336	$	—	$	(29,299	)	$	30,037		$	33,867	$	—	$	(11,111	)	$	22,756
Class R3
Shares		534		—		(319	)		215			492		—		(233	)		259
Amount	$	17,904	$	—	$	(10,685	)	$	7,219		$	12,434	$	—	$	(5,763	)	$	6,671
Class R4
Shares		350		—		(188	)		162			292		—		(273	)		19
Amount	$	11,951	$	—	$	(6,313	)	$	5,638		$	7,558	$	—	$	(6,538	)	$	1,020
Class R5
Shares		56		—		(39	)		17			39		—		(112	)		(73	)
Amount	$	1,951	$	—	$	(1,337	)	$	614		$	1,002	$	—	$	(2,731	)	$	(1,729	)
Class Y
Shares		95		—		(75	)		20			24		—		(41	)		(17	)
Amount	$	3,295	$	—	$	(2,624	)	$	671		$	613	$	—	$	(1,070	)	$	(457	)
Total
Shares		8,549		—		(5,123	)		3,426			7,044		—		(4,531	)		2,513
Amount	$	276,042	$	—	$	(163,604	)	$	112,438		$	171,921	$	—	$	(105,782	)	$	66,139

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		43	$	1,399
For the Year Ended October 31, 2013		42	$	987

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in

21

The Hartford Healthcare Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

22

The Hartford Healthcare Fund

Financial Highlights

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	28.05	$	(0.13	)	$	8.68	$	8.55	$	–	$	–	$	–	$	36.60		30.48	%	$	599,010		1.33	%		1.33	%		(0.40	)%
B		24.88		(0.36	)		7.66		7.30		–		–		–		32.18		29.34			11,303		2.20			2.20			(1.27	)
C		25.03		(0.32	)		7.71		7.39		–		–		–		32.42		29.52			176,581		2.06			2.06			(1.13	)
I		28.76		(0.04	)		8.91		8.87		–		–		–		37.63		30.84			137,450		1.05			1.05			(0.12	)
R3		28.89		(0.24	)		8.93		8.69		–		–		–		37.58		30.08			40,482		1.64			1.64			(0.71	)
R4		29.62		(0.14	)		9.16		9.02		–		–		–		38.64		30.45			29,530		1.34			1.34			(0.41	)
R5		30.27		(0.04	)		9.37		9.33		–		–		–		39.60		30.82			2,323		1.05			1.05			(0.12	)
Y		30.42		–			9.43		9.43		–		–		–		39.85		31.00			6,081		0.94			0.94			–
For the Year Ended October 31, 2013
A	$	20.11	$	(0.06	)	$	8.00	$	7.94	$	–	$	–	$	–	$	28.05		39.48	%	$	415,323		1.40	%		1.40	%		(0.24	)%
B		17.99		(0.23	)		7.12		6.89		–		–		–		24.88		38.30			14,697		2.29			2.26			(1.08	)
C		18.07		(0.21	)		7.17		6.96		–		–		–		25.03		38.52			116,641		2.11			2.11			(0.95	)
I		20.55		0.01			8.20		8.21		–		–		–		28.76		39.95			79,005		1.08			1.08			0.06
R3		20.77		(0.13	)		8.25		8.12		–		–		–		28.89		39.09			24,914		1.66			1.65			(0.51	)
R4		21.22		(0.05	)		8.45		8.40		–		–		–		29.62		39.59			17,817		1.36			1.35			(0.20	)
R5		21.62		0.05			8.60		8.65		–		–		–		30.27		40.01			1,267		1.08			1.05			0.19
Y		21.71		0.05			8.66		8.71		–		–		–		30.42		40.12			4,056		0.96			0.96			0.20
For the Year Ended October 31, 2012 (D)
A	$	16.80	$	–		$	3.31	$	3.31	$	–	$	–	$	–	$	20.11		19.70	%	$	276,741		1.47	%		1.47	%		–	%
B		15.15		(0.17	)		3.01		2.84		–		–		–		17.99		18.75			14,015		2.38			2.28			(0.84	)
C		15.20		(0.12	)		2.99		2.87		–		–		–		18.07		18.88			73,728		2.17			2.17			(0.71	)
I		17.10		0.07			3.38		3.45		–		–		–		20.55		20.18			38,199		1.11			1.11			0.35
R3		17.38		(0.02	)		3.41		3.39		–		–		–		20.77		19.51			12,521		1.69			1.65			(0.15	)
R4		17.70		0.02			3.50		3.52		–		–		–		21.22		19.89			12,363		1.38			1.35			0.11
R5		17.98		0.08			3.56		3.64		–		–		–		21.62		20.24			2,489		1.09			1.05			0.43
Y		18.05		0.10			3.56		3.66		–		–		–		21.71		20.28			3,252		0.98			0.98			0.48
For the Year Ended October 31, 2011
A	$	15.21	$	(0.04	)	$	1.63	$	1.59	$	–	$	–	$	–	$	16.80		10.45	%	$	224,294		1.49	%		1.49	%		(0.24	)%
B		13.83		(0.16	)		1.48		1.32		–		–		–		15.15		9.54			17,208		2.38			2.28			(1.04	)
C		13.86		(0.14	)		1.48		1.34		–		–		–		15.20		9.67			65,692		2.18			2.18			(0.93	)
I		15.44		0.02			1.64		1.66		–		–		–		17.10		10.75			32,213		1.18			1.18			0.09
R3		15.76		(0.07	)		1.69		1.62		–		–		–		17.38		10.28			5,905		1.71			1.65			(0.39	)
R4		16.01		(0.02	)		1.71		1.69		–		–		–		17.70		10.56			9,241		1.39			1.35			(0.09	)
R5		16.21		0.04			1.73		1.77		–		–		–		17.98		10.92			1,403		1.09			1.05			0.21
Y		16.26		0.05			1.74		1.79		–		–		–		18.05		11.01			2,555		0.99			0.99			0.27

See Portfolio Turnover information on the next page.

23

The Hartford Healthcare Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	13.07	$	–		$	2.14	$	2.14	$	–	$	–	$	–	$	15.21		16.37	%	$	236,781		1.49	%		1.49	%		(0.03	)%
B		11.98		(0.14	)		1.99		1.85		–		–		–		13.83		15.44			23,023		2.39			2.28			(0.84	)
C		11.99		(0.11	)		1.98		1.87		–		–		–		13.86		15.60			71,124		2.18			2.18			(0.72	)
I		13.23		0.04			2.17		2.21		–		–		–		15.44		16.70			14,176		1.22			1.22			0.24
R3		13.57		(0.02	)		2.21		2.19		–		–		–		15.76		16.14			3,549		1.70			1.70			(0.17	)
R4		13.74		0.02			2.25		2.27		–		–		–		16.01		16.52			7,939		1.37			1.37			0.11
R5		13.87		0.06			2.28		2.34		–		–		–		16.21		16.87			1,895		1.08			1.08			0.38
Y		13.90		0.08			2.28		2.36		–		–		–		16.26		16.98			2,294		0.97			0.97			0.50

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		28	%
For the Year Ended October 31, 2013		32
For the Year Ended October 31, 2012		46
For the Year Ended October 31, 2011		44
For the Year Ended October 31, 2010		36

24

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Healthcare Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Healthcare Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

25

The Hartford Healthcare Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

26

The Hartford Healthcare Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

27

The Hartford Healthcare Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

28

The Hartford Healthcare Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

29

The Hartford Healthcare Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,163.40	$	7.26	$	1,000.00	$	1,018.49	$	6.77		1.33	%		184		365
Class B	$	1,000.00	$	1,158.40	$	11.88	$	1,000.00	$	1,014.19	$	11.09		2.18			184		365
Class C	$	1,000.00	$	1,159.10	$	11.22	$	1,000.00	$	1,014.81	$	10.47		2.06			184		365
Class I	$	1,000.00	$	1,165.00	$	5.76	$	1,000.00	$	1,019.89	$	5.37		1.06			184		365
Class R3	$	1,000.00	$	1,161.30	$	8.95	$	1,000.00	$	1,016.92	$	8.35		1.64			184		365
Class R4	$	1,000.00	$	1,163.20	$	7.31	$	1,000.00	$	1,018.45	$	6.82		1.34			184		365
Class R5	$	1,000.00	$	1,165.00	$	5.73	$	1,000.00	$	1,019.91	$	5.35		1.05			184		365
Class Y	$	1,000.00	$	1,165.50	$	5.13	$	1,000.00	$	1,020.47	$	4.79		0.94			184		365

30

The Hartford Healthcare Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Healthcare Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

31

The Hartford Healthcare Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1- and 3-year periods and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

32

The Hartford Healthcare Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 3^rd quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

33

The Hartford Healthcare Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

34

The Hartford Healthcare Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Health Sector Risk: Risks of focusing investments on the health care sector include regulatory and legal developments, patent considerations, intense competitive pressures, rapid technological changes and potential product obsolescence, and liquidity risk.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets.

Small/Mid-Cap Stock Risk: Small- and mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets.

35

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures. We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-HC14 12/14 113984-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD HIGH YIELD FUND     2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford High Yield Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	13
Statement of Operations for the Year Ended October 31, 2014	14
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	15
Notes to Financial Statements	16
Financial Highlights	30
Report of Independent Registered Public Accounting Firm	32
Directors and Officers (Unaudited)	33
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	35
Quarterly Portfolio Holdings Information (Unaudited)	35
Federal Tax Information (Unaudited)	36
Expense Example (Unaudited)	37
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	38
Main Risks (Unaudited)	42

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford High Yield Fund inception 09/30/1998

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide high current income, and long-term total return.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
High Yield A#		5.35	%		9.43	%		6.64	%
High Yield A##		0.61	%		8.43	%		6.15	%
High Yield B#		4.60	%		8.61	%		6.01	%*
High Yield B##		-0.40	%		8.32	%		6.01	%*
High Yield C#		4.60	%		8.64	%		5.87	%
High Yield C##		3.60	%		8.64	%		5.87	%
High Yield I#		5.60	%		9.78	%		6.91	%
High Yield R3#		5.18	%		9.12	%		6.51	%
High Yield R4#		5.35	%		9.44	%		6.76	%
High Yield R5#		5.81	%		9.76	%		6.98	%
High Yield Y#		5.73	%		9.81	%		7.05	%
Barclays U.S. Corporate High Yield Bond Index		5.82	%		10.44	%		8.26	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 5/31/07. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of March 5, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund. 

Barclays U.S. Corporate High Yield Bond Index is an unmanaged broad-based market-value-weighted index that tracks the total return performance of non-investment grade, fixed-rate, publicly placed, dollar denominated and nonconvertible debt registered with the Securities and Exchange Commission.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.

2

The Hartford High Yield Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
High Yield Class A		1.05	%		1.15	%
High Yield Class B		1.80	%		1.99	%
High Yield Class C		1.80	%		1.81	%
High Yield Class I		0.80	%		0.81	%
High Yield Class R3		1.35	%		1.47	%
High Yield Class R4		1.05	%		1.14	%
High Yield Class R5		0.75	%		0.84	%
High Yield Class Y		0.70	%		0.72	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Manager

Christopher A. Jones, CFA

Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford High Yield Fund returned 5.35%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the Barclays U.S. Corporate High Yield Bond Index, which returned 5.82% for the same period. The Fund outperformed the 4.45% average return of the Lipper High Current Yield Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter Gross Domestic Product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

The Barclays U.S. Corporate High Yield Bond Index returned 5.82% for the twelve-months ended October 31, 2014 and outperformed duration equivalent Treasuries by 3.84%. The Option-Adjusted Spread (OAS) of the Barclays U.S. Corporate High Yield Bond Index was 4.15% on October 31, 2014, in line from a year ago (4.16%).

An important detractor from the Fund’s performance over the period included being underweight to BB-rated securities, the highest quality sector in High Yield. These bonds outperformed the lower quality sectors on a duration-adjusted basis during the period. An out-of-benchmark allocation to Bank Loans slightly detracted from performance. Bank Loans are floating rate securities and thus did not benefit from falling rates.

In terms of sector allocations, the Fund benefitted from being underweight two sectors that significantly underperformed versus other Barclays U.S. Corporate High Yield Bond Index sectors – Gaming and Energy. The fundamentals of both sectors appear to have deteriorated - the former due to increased competition as more state legislatures pass laws allowing gambling. Many of the issuers in the Energy sector are Exploration and Production companies.

3

The Hartford High Yield Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

These companies tend to have poor free cash flow metrics, which have been exacerbated by weak Natural Gas and oil prices. On the other hand being underweight in the Utility sector detracted slightly from benchmark-relative returns.

Security selection was positive in the period. Importantly, we have started to see more divergence in the performance of companies over the period allowing for more opportunities to add value from security selection. In the Gaming sector, not having exposure to Caesars Entertainment, a highly leveraged company in a troubled sector contributed to performance. Security selection in the Financial Services sector contributed to performance including an overweight position in Nuveen Investments which was acquired by TIAA-CREF, during the period. Security selection in Healthcare was also a positive contributor. The Fund benefitted from overweight positions in HCA and Community Health Systems. We continue to favor select large hospital companies as we feel that they will benefit from Healthcare reforms. Some of the issuers that detracted from performance during the period were overweight positions in Nii Holdings in the wireless sector with operations in South America and Paragon Offshore, an Energy company. We have exited the position in Nii Holdings believing that we are no longer being compensated for the operational risks this company is facing. We believe that Paragon Offshore is well positioned to absorb any potential weakness and should remain cash flow positive even under a bear market scenario. Offsetting any fundamental weakness is a strong current backlog and decent asset coverage. Not owning Telecom Italia, a large issuer which migrated down to high yield in recent years from investment grade, also hurt performance. We have been cautious in taking on exposure to peripheral European issuers.

Over the period, the Fund had a small position in high yield credit default swap index (CDX), which had a marginal impact on benchmark relative performance. The Fund’s CDX position is used for liquidity purposes and for tactically adjusting the risk posture of the Fund.

What is the outlook?

Our outlook for U.S. high-yield bonds remains positive, based on the steadily improving macroeconomic backdrop, our expectations that default levels will remain low, and positive corporate fundamentals. In our view, valuations are now more attractive, with spreads around their long-term historical averages, and reasonable for this point in the cycle; the trailing 12-month par-weighted default rate remains below its long-term average. While we see that there has been a recent pickup in shareholder-friendly actions such as M&A activity and leveraged buyouts at the margin, we do not believe this is likely to affect default rates in the near to medium term. As noted above, we expect that idiosyncratic risk will become increasingly important with greater dispersion of returns between companies. In this environment we would expect to see increased stress on more highly leveraged companies with poor fundamentals.

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Baa/ BBB		1.0	%
Ba/ BB		26.1
B		40.3
Caa/ CCC or Lower		21.6
Not Rated		1.8
Non-Debt Securities and Other Short-Term Instruments		7.6
Other Assets and Liabilities		1.6
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.1	%
Preferred Stocks		1.3
Total		1.4	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		0.0	%
Corporate Bonds		87.7
Senior Floating Rate Interests		3.1
Total		90.8	%
Short-Term Investments		6.2
Other Assets and Liabilities		1.6
Total		100.0	%

4

The Hartford High Yield Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 0.0%
		Finance and Insurance - 0.0%
		Soundview NIM Trust
$	920	0.00%, 12/25/2036 ■●	$	–
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $916)	$	–
Corporate Bonds - 87.7%
		Administrative, Support, Waste Management and Remediation Services - 1.3%
		Casella Waste Systems, Inc.
$	1,560	7.75%, 02/15/2019	$	1,591
		ServiceMaster (The) Co.
	3,522	7.00%, 08/15/2020		3,725
				5,316
		Arts, Entertainment and Recreation - 4.4%
		CCO Holdings LLC
	105	5.13%, 02/15/2023		105
	495	5.75%, 09/01/2023		507
	2,920	7.38%, 06/01/2020		3,130
		Cequel Communications Holdings I LLC
	2,425	5.13%, 12/15/2021 ■		2,367
		Emdeon, Inc.
	1,625	11.00%, 12/31/2019		1,802
		Gannett Co., Inc.
	1,615	4.88%, 09/15/2021 ■		1,627
	3,105	5.13%, 10/15/2019		3,229
	270	5.50%, 09/15/2024 ■		279
	800	6.38%, 10/15/2023		860
		Gray Television, Inc.
	2,545	7.50%, 10/01/2020		2,663
		NBC Universal Enterprise
	1,980	5.25%, 12/19/2049 ■‡		2,062
				18,631
		Chemical Manufacturing - 2.1%
		Hexion U.S. Finance Corp.
	2,030	6.63%, 04/15/2020		2,030
		Ineos Group Holdings plc
	2,710	5.88%, 02/15/2019 ■		2,706
	4,205	6.13%, 08/15/2018 ■		4,242
				8,978
		Computer and Electronic Product Manufacturing - 3.3%
		Alcatel-Lucent USA, Inc.
	2,010	6.75%, 11/15/2020 ■		2,071
		CDW LLC / CDW Finance Corp.
	3,330	6.00%, 08/15/2022		3,513
		Freescale Semiconductor, Inc.
	4,520	6.00%, 01/15/2022 ■		4,633
		Lucent Technologies, Inc.
	3,070	6.45%, 03/15/2029		2,955
	660	6.50%, 01/15/2028		635
				13,807
		Construction - 4.6%
		K Hovnanian Enterprises, Inc.
	570	7.00%, 01/15/2019 ■		556
	245	8.00%, 11/01/2019 ■		245
	2,426	9.13%, 11/15/2020 ■		2,632
		KB Home
	1,030	7.00%, 12/15/2021		1,102
	1,895	7.50%, 09/15/2022		2,042
	1,510	8.00%, 03/15/2020		1,684
		Lennar Corp.
	3,100	4.75%, 12/15/2017 - 11/15/2022		3,114
		M/I Homes, Inc.
	543	3.00%, 03/01/2018 β		550
		MPH Acquisition Holdings LLC
	1,390	6.63%, 04/01/2022 ■		1,454
		Paragon Offshore plc
	3,345	6.75%, 07/15/2022 ■		2,550
		Ply Gem Industries, Inc.
	3,665	6.50%, 02/01/2022		3,605
				19,534
		Electrical Equipment and Appliance Manufacturing - 0.2%
		Sensata Technologies B.V.
	685	5.63%, 11/01/2024 ■		723
		Fabricated Metal Product Manufacturing - 0.6%
		Entegris, Inc.
	2,380	6.00%, 04/01/2022 ■		2,422
		Finance and Insurance - 9.7%
		AerCap Ireland Capital Ltd.
	1,670	4.50%, 05/15/2021 ■		1,687
		Banco Bilbao Vizcaya Argentaria S.A.
EUR	2,600	7.00%, 12/29/2049 §		3,342
	800	9.00%, 05/09/2018 §♠		865
		Barclays Bank plc
	525	6.63%, 09/15/2019 ♠		502
	3,105	8.25%, 12/15/2018 ♠β		3,206
		CIT Group, Inc.
	2,554	5.50%, 02/15/2019 ■		2,725
		Credit Agricole S.A.
	945	7.88%, 01/23/2024 ■♠		975
		Credit Suisse Group AG
	1,320	7.50%, 12/11/2023 ■♠		1,403
		HBOS Capital Funding L.P.
	1,250	6.85%, 12/23/2014 §♠		1,254
		Nationstar Mortgage LLC
	2,270	6.50%, 08/01/2018		2,225
	1,461	7.88%, 10/01/2020		1,439
		Nuveen Investments, Inc.
	1,845	9.13%, 10/15/2017 ■		1,971
		Provident Funding Associates L.P.
	4,280	6.75%, 06/15/2021 ■		4,269
		Royal Bank of Scotland Group plc
	2,700	6.99%, 10/05/2017 ■♠		3,064
	1,800	7.64%, 09/27/2017 ♠Δ		1,904
		Societe Generale
	1,075	6.00%, 01/27/2020 ■♠		1,013
	1,535	7.88%, 12/18/2023 ■♠		1,535
	2,525	8.25%, 11/29/2018 §♠		2,668
		SoftBank Corp.
	2,940	4.50%, 04/15/2020 ■		2,977
		TMX Finance LLC
	2,285	8.50%, 09/15/2018 ■		2,228
				41,252

The accompanying notes are an integral part of these financial statements.

5

The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 87.7% - (continued)
		Food Services - 1.0%
		ARAMARK Corp.
$	2,875	5.75%, 03/15/2020	$	3,004
		CEC Entertainment, Inc.
	1,415	8.00%, 02/15/2022 ■		1,359
				4,363
		Health Care and Social Assistance - 9.7%
		Alere, Inc.
	2,645	6.50%, 06/15/2020		2,724
		AmSurg Corp.
	1,255	5.63%, 07/15/2022 ■		1,300
		Biomet, Inc.
	1,205	6.50%, 08/01/2020		1,289
		Community Health Systems, Inc.
	615	5.13%, 08/15/2018		640
	4,880	6.88%, 02/01/2022		5,258
	1,985	7.13%, 07/15/2020		2,149
		Cubist Pharmaceuticals
	626	1.88%, 09/01/2020 β		731
		Envision Healthcare Corp.
	970	5.13%, 07/01/2022 ■		982
		Grifols Worldwide Operations Ltd.
	1,015	5.25%, 04/01/2022 ■		1,040
		HCA Holdings, Inc.
	2,645	6.25%, 02/15/2021		2,847
	4,626	7.50%, 11/15/2095		4,441
		InVentiv Health, Inc.
	1,070	9.00%, 01/15/2018 ■		1,110
		Pinnacle Merger Sub, Inc.
	2,820	9.50%, 10/01/2023 ■		3,074
		Salix Pharmaceuticals Ltd.
	5,826	6.00%, 01/15/2021 ■		6,307
		Savient Pharmaceuticals, Inc.
	2,815	0.00%, 02/01/2018 Ω		3
		Tenet Healthcare Corp.
	2,565	4.75%, 06/01/2020		2,623
	1,640	5.00%, 03/01/2019 ■		1,642
	1,585	8.13%, 04/01/2022		1,817
		Wellcare Health Plans, Inc.
	1,160	5.75%, 11/15/2020		1,195
				41,172
		Information - 22.1%
		Activision Blizzard, Inc.
	5,422	5.63%, 09/15/2021 ■		5,768
	1,025	6.13%, 09/15/2023 ■		1,110
		Altice Financing S.A.
	235	6.50%, 01/15/2022 ■		241
	2,100	7.88%, 12/15/2019 ■‡		2,239
	250	8.13%, 01/15/2024 ■		263
	925	9.88%, 12/15/2020 ■		1,031
		Audatex North America, Inc.
	3,841	6.00%, 06/15/2021 ■		4,062
		DISH DBS Corp.
	1,250	5.00%, 03/15/2023		1,245
	3,270	6.75%, 06/01/2021		3,630
	2,812	7.88%, 09/01/2019		3,265
		First Data Corp.
	990	6.75%, 11/01/2020 ■		1,059
	1,960	7.38%, 06/15/2019 ■		2,078
	4,350	8.25%, 01/15/2021 ■		4,720
	512	14.50%, 09/24/2019 ■Þ		535
		Harron Communications L.P.
	950	9.13%, 04/01/2020 ■		1,035
		Infor Software Parent LLC
	3,315	7.13%, 05/01/2021 ■		3,356
		Infor US, Inc.
	880	9.38%, 04/01/2019		957
		Intelsat Jackson Holdings S.A.
	190	6.63%, 12/15/2022		200
	1,140	7.50%, 04/01/2021		1,234
		Intelsat Luxembourg S.A.
	1,940	6.75%, 06/01/2018		2,008
	4,435	7.75%, 06/01/2021		4,635
		Level 3 Escrow, Inc.
	2,380	5.38%, 08/15/2022 ■		2,422
	1,166	8.13%, 07/01/2019		1,248
		Level 3 Financing, Inc.
	890	6.13%, 01/15/2021		933
	2,319	7.00%, 06/01/2020		2,476
		MetroPCS Wireless, Inc.
	3,125	6.63%, 11/15/2020		3,293
		Paetec Holding Corp.
	961	9.88%, 12/01/2018		1,014
		Softbrands, Inc.
	1,480	11.50%, 07/15/2018		1,635
		Sprint Communications, Inc.
	3,470	7.00%, 03/01/2020 ■		3,871
	1,533	9.00%, 11/15/2018 ■		1,803
		Sprint Corp.
	4,070	7.25%, 09/15/2021 ■		4,304
	3,890	7.88%, 09/15/2023 ■		4,211
		Syniverse Holdings, Inc.
	3,945	9.13%, 01/15/2019		4,142
		T-Mobile USA, Inc.
	225	6.13%, 01/15/2022		233
	795	6.46%, 04/28/2019		829
	330	6.50%, 01/15/2024		346
	2,440	6.63%, 04/28/2021		2,571
	2,155	6.73%, 04/28/2022		2,279
		Unitymedia Hessen GmbH & Co.
	3,045	5.50%, 01/15/2023 ■		3,174
		Verint Systems, Inc.
	1,034	1.50%, 06/01/2021 β		1,154
		Videotron Ltd.
	170	9.13%, 04/15/2018		176
		Wind Acquisition Finance S.A.
EUR	3,080	4.00%, 07/15/2020 ■		3,802
	770	6.50%, 04/30/2020 ■		801
		Windstream Corp.
	2,050	7.50%, 04/01/2023		2,152
				93,540
		Machinery Manufacturing - 0.8%
		Case New Holland Industrial, Inc.
	3,104	7.88%, 12/01/2017		3,484
		Mining - 3.4%
		AK Steel Corp.
	3,980	7.63%, 05/15/2020 - 10/01/2021		3,999
	1,460	8.38%, 04/01/2022		1,489
		FMG Resources Aug 2006
	6,400	6.88%, 04/01/2022 ■		6,608

The accompanying notes are an integral part of these financial statements.

6

The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 87.7% - (continued)
		Mining - 3.4% - (continued)
		Steel Dynamics, Inc.
$	1,000	5.13%, 10/01/2021 ■	$	1,035
	1,095	5.50%, 10/01/2024 ■		1,158
				14,289
		Miscellaneous Manufacturing - 0.5%
		DigitalGlobe, Inc.
	2,190	5.25%, 02/01/2021 ■		2,130
		Motor Vehicle and Parts Manufacturing - 2.0%
		Chrysler Group LLC
	690	8.00%, 06/15/2019		739
	3,745	8.25%, 06/15/2021		4,185
		General Motors Co.
	2,315	4.88%, 10/02/2023		2,480
	820	6.25%, 10/02/2043		976
				8,380
		Nonmetallic Mineral Product Manufacturing - 1.9%
		Ardagh Finance Holdings S.A.
	1,200	8.63%, 06/15/2019 ■		1,227
		Ardagh Packaging Finance plc
	685	6.00%, 06/30/2021 ■		676
	1,767	9.13%, 10/15/2020 ■		1,904
		Cemex Finance LLC
	2,240	6.00%, 04/01/2024 ■		2,284
		Cemex S.A.B. de C.V.
	1,995	5.70%, 01/11/2025 ■		1,954
				8,045
		Other Services - 1.5%
		Abengoa Finance
EUR	1,150	6.00%, 03/31/2021 §		1,401
EUR	745	6.00%, 03/31/2021 ■		908
	2,125	7.75%, 02/01/2020 ■		2,221
		Abengoa Greenfield S.A.
	1,685	6.50%, 10/01/2019 ■		1,689
				6,219
		Petroleum and Coal Products Manufacturing - 5.3%
		Antero Resources Corp.
	470	5.38%, 11/01/2021		477
		Antero Resources Finance Corp.
	2,510	6.00%, 12/01/2020		2,610
		Bonanza Creek Energy, Inc.
	2,395	6.75%, 04/15/2021		2,401
		Cobalt International Energy, Inc.
	1,645	2.63%, 12/01/2019 β		1,222
		Concho Resources, Inc.
	925	5.50%, 10/01/2022		976
		Diamondback Energy, Inc.
	2,215	7.63%, 10/01/2021		2,353
		Everest Acquisition LLC
	1,800	9.38%, 05/01/2020		1,967
		Harvest Operations Corp.
	1,010	6.88%, 10/01/2017		1,030
		Range Resources Corp.
	455	5.00%, 08/15/2022		477
		Rosetta Resources, Inc.
	1,590	5.63%, 05/01/2021		1,542
	1,120	5.88%, 06/01/2022		1,075
		Tullow Oil plc
	2,270	6.00%, 11/01/2020 ■		2,123
	2,030	6.25%, 04/15/2022 ■		1,888
		WPX Energy, Inc.
	1,380	5.25%, 09/15/2024 ☼		1,346
	920	6.00%, 01/15/2022		964
				22,451
		Pipeline Transportation - 0.7%
		El Paso Corp.
	595	7.00%, 06/15/2017		662
		Energy Transfer Equity L.P.
	1,757	7.50%, 10/15/2020		2,021
		Kinder Morgan Finance Co.
	240	6.00%, 01/15/2018 ■		263
				2,946
		Plastics and Rubber Products Manufacturing - 0.7%
		Associated Materials LLC
	930	9.13%, 11/01/2017		909
		Nortek, Inc.
	1,825	8.50%, 04/15/2021		1,962
				2,871
		Primary Metal Manufacturing - 1.1%
		ArcelorMittal
	210	7.25%, 03/01/2041		217
	1,175	7.50%, 10/15/2039		1,254
		Constellium N.V.
	475	5.75%, 05/15/2024 ■		470
		United States Steel Corp.
	2,526	7.38%, 04/01/2020		2,829
				4,770
		Printing and Related Support Activities - 1.1%
		Quad Graphics, Inc.
	3,265	7.00%, 05/01/2022 ■		3,135
		Quebecor Media, Inc.
	1,540	5.75%, 01/15/2023		1,586
				4,721
		Professional, Scientific and Technical Services - 1.5%
		Getty Images, Inc.
	3,115	7.00%, 10/15/2020 ■		2,398
		SunGard Data Systems, Inc.
	3,190	6.63%, 11/01/2019		3,302
	783	7.38%, 11/15/2018		816
				6,516
		Real Estate, Rental and Leasing - 1.9%
		International Lease Finance Corp.
	7,415	5.88%, 04/01/2019 - 08/15/2022		8,011
				8,011
		Retail Trade - 4.1%
		99 Cents Only Stores
	2,010	11.00%, 12/15/2019		2,176
		Albertson's Holdings LLC
	2,000	7.75%, 10/15/2022 ■		1,970
		Building Materials Corp.
	4,050	5.38%, 11/15/2024 ■☼		4,060
		GRD Holding III Corp.
	2,210	10.75%, 06/01/2019 ■		2,439
		Michaels Stores, Inc.
	2,240	5.88%, 12/15/2020 ■		2,268
		Party City Holdings, Inc.
	1,755	8.88%, 08/01/2020		1,904

The accompanying notes are an integral part of these financial statements.

7

The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 87.7% - (continued)
		Retail Trade - 4.1% - (continued)
		PC Nextco Holdings LLC/PC Nextco Finance, Inc.
$	2,585	8.75%, 08/15/2019	$	2,624
				17,441
		Soap, Cleaning Compound and Toilet Manufacturing - 0.5%
		Sun Products Corp.
	2,760	7.75%, 03/15/2021 ■		2,042
		Utilities - 1.4%
		Dolphin Subsidiary II, Inc.
	3,575	7.25%, 10/15/2021		3,798
		GenOn Americas Generation LLC
	1,100	9.13%, 05/01/2031		1,029
		Texas Competitive Electric Holdings Co. LLC
	1,460	11.50%, 10/01/2020 ■Ϫ		1,172
				5,999
		Wholesale Trade - 0.3%
		Dynegy, Inc.
	755	5.88%, 06/01/2023		740
	485	7.38%, 11/01/2022 ■		513
	235	7.63%, 11/01/2024 ■		249
				1,502
		Total Corporate Bonds
		(Cost $367,521)	$	371,555
Senior Floating Rate Interests ♦ - 3.1%
		Finance and Insurance - 0.2%
		Asurion LLC
$	830	8.50%, 03/03/2021	$	842
		Mining - 0.5%
		Arch Coal, Inc.
	2,418	6.25%, 05/16/2018		2,131
		Other Services - 0.6%
		Gardner Denver, Inc.
	2,589	4.25%, 07/30/2020		2,551
		Retail Trade - 0.9%
		Lands' End, Inc.
	2,152	4.25%, 04/04/2021		2,100
		Neiman Marcus (The) Group, Inc.
	1,981	4.25%, 10/25/2020		1,953
				4,053
		Utilities - 0.9%
		Texas Competitive Electric Holdings Co. LLC
	5,000	4.65%, 10/10/2017 Ψ		3,636
		Total Senior Floating Rate Interests
		(Cost $13,407)	$	13,213
Common Stocks - 0.1%
		Energy - 0.1%
	104,555	KCA Deutag ⌂●†	$	511
		Total Common Stocks
		(Cost $1,417)	$	511
Preferred Stocks - 1.3%
		Diversified Financials - 0.9%
	–	Citigroup Capital XIII	$	3
	139	GMAC Capital Trust I β		3,705
				3,708
		Telecommunication Services - 0.4%
	29	Intelsat S.A., 5.75%  β		1,479
		Total Preferred Stocks
		(Cost $4,780)	$	5,187
		Total Long-Term Investments
		(Cost $388,041)	$	390,466
Short-Term Investments - 6.2%
	Repurchase Agreements - 6.2%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $75, collateralized by U.S. Treasury Note 1.50%, 2019, value of $76)
$	75	0.08%, 10/31/2014	$	75
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,274, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $1,300)
	1,274	0.09%, 10/31/2014		1,274
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $342, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $349)
	342	0.08%, 10/31/2014		342
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,160, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $1,184)
	1,160	0.10%, 10/31/2014		1,160
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,373, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $4,460)
	4,373	0.08%, 10/31/2014		4,373
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,026, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $5,126)
	5,026	0.09%, 10/31/2014		5,026

The accompanying notes are an integral part of these financial statements.

8

The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Short-Term Investments - 6.2% - (continued)
Repurchase Agreements - 6.2% - (continued)
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $290, collateralized by U.S. Treasury Note 0.88%, 2017, value of $296)
$	290	0.13%, 10/31/2014	$	290
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $427, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $436)
	427	0.07%, 10/31/2014		427
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,499, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $4,589)
	4,499	0.08%, 10/31/2014		4,499
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $8,718, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $8,893)
	8,718	0.10%, 10/31/2014		8,718
				26,184
		Total Short-Term Investments
		(Cost $26,184)	$	26,184

Total Investments
(Cost $414,225) ▲	98.4	%	$	416,650
Other Assets and Liabilities	1.6	%		6,924
Total Net Assets	100.0	%	$	423,574

The accompanying notes are an integral part of these financial statements.

9

The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease.

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $414,433 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	10,905
Unrealized Depreciation		(8,688	)
Net Unrealized Appreciation	$	2,217

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

† These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $511, which represents 0.1% of total net assets.

● Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.

Ψ The issuer is in bankruptcy. However, the investment held by the Fund is current with respect to interest payments.

Ϫ The issuer is in bankruptcy. The investment held by the Fund has made partial interest payments.

Ω Debt security in default due to bankruptcy.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

♦ Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown.  Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $171,899, which represents 40.6% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $9,530, which represents 2.2% of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
03/2011		104,555	KCA Deutag	$	1,417

At October 31, 2014, the aggregate value of these securities was $511, which represents 0.1% of total net assets.

β Convertible security.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

Þ This security may pay interest in the form of additional principal in lieu of cash.

The accompanying notes are an integral part of these financial statements.

10

The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $4,084 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
Centrally cleared swaps contracts	$	567	$	–
Total	$	567	$	–

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

	Clearing	Notional		(Pay)/ Receive Fixed			Expiration			Market		Unrealized Appreciation/ (Depreciation)					Variation Margin
Reference Entity	House (a)	Amount (b)		Rate			Date	Cost Basis		Value ╪		Asset		Liability			Asset		Liability
Credit default swaps on indices:
Sell protection:
CDX.NA.HY.22	CME	USD	8,425		5.00	%	06/20/19	$	652	$	631	$	–	$	(21	)	$	28	$	–
CDX.NA.HY.23	CME	USD	4,000		5.00	%	12/20/19		285		280		–		(5	)		–		(5	)
Total								$	937	$	911	$	–	$	(26	)	$	28	$	(5	)

(a) The FCM to the contracts is GSC.

(b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

Foreign Currency Contracts Outstanding at October 31, 2014

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
EUR	Sell	11/28/2014	JPM	$	9,820	$	9,717	$	103	$	–

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
CME	Chicago Mercantile Exchange
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
JPM	JP Morgan Chase & Co.
Currency Abbreviations:
EUR	EURO
USD	U.S. Dollar
Index Abbreviations:
CDX.NA.HY	Credit Derivatives North American High Yield
Other Abbreviations:
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
LIBOR	London Interbank Offered Rate

The accompanying notes are an integral part of these financial statements.

11

The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	–	$	–	$	–	$	–
Common Stocks ‡		511		–		–		511
Corporate Bonds		371,555		–		371,555		–
Preferred Stocks		5,187		5,187		–		–
Senior Floating Rate Interests		13,213		–		13,213		–
Short-Term Investments		26,184		–		26,184		–
Total	$	416,650	$	5,187	$	410,952	$	511
Foreign Currency Contracts *	$	103	$	–	$	103	$	–
Total	$	103	$	–	$	103	$	–
Liabilities:
Swaps - Credit Default *	$	26	$	–	$	26	$	–
Total	$	26	$	–	$	26	$	–

♦ For the year ended October 31, 2014, investments valued at $1,224 were transferred from Level 2 to Level 1, and there were no transfers from Level 1 to Level 2. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1)	Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).
2)	U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).
3)	Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

‡	The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.
*	Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales		Transfers Into Level 3		Transfers Out of Level 3		Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	—	$	—	$	—	*	$	—	$	—	$	—	$	—	$	—	$	—
Common Stocks		725		—		(214	)†		—		—		—		—		—		511
Preferred Stocks		64		—		(64	)		—		—		—		—		—		—
Total	$	789	$	—	$	(278	)	$	—	$	—	$	—	$	—	$	—	$	511

* Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was zero.

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(214).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

12

The Hartford High Yield Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $414,225)	$	416,650
Cash		4,032	*
Unrealized appreciation on foreign currency contracts		103
Receivables:
Investment securities sold		339
Fund shares sold		1,866
Dividends and interest		6,192
Variation margin on financial derivative instruments		28
Other assets		181
Total assets		429,391
Liabilities:
Payables:
Investment securities purchased		5,162
Fund shares redeemed		389
Investment management fees		51
Dividends		86
Administrative fees		—
Distribution fees		31
Variation margin on financial derivative instruments		5
Accrued expenses		93
Other liabilities		—
Total liabilities		5,817
Net assets	$	423,574
Summary of Net Assets:
Capital stock and paid-in-capital	$	440,074
Undistributed net investment income		150
Accumulated net realized loss		(19,149	)
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		2,499
Net assets	$	423,574
Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$7.68/$8.04
Shares outstanding		34,233
Net assets	$	262,960
Class B: Net asset value per share	$	7.64
Shares outstanding		744
Net assets	$	5,683
Class C: Net asset value per share	$	7.65
Shares outstanding		12,471
Net assets	$	95,449
Class I: Net asset value per share	$	7.72
Shares outstanding		6,051
Net assets	$	46,691
Class R3: Net asset value per share	$	7.68
Shares outstanding		324
Net assets	$	2,487
Class R4: Net asset value per share	$	7.68
Shares outstanding		178
Net assets	$	1,367
Class R5: Net asset value per share	$	7.68
Shares outstanding		68
Net assets	$	522
Class Y: Net asset value per share	$	7.67
Shares outstanding		1,097
Net assets	$	8,415

* Cash of $567 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

13

The Hartford High Yield Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	405
Interest		26,843
Less: Foreign tax withheld		(4	)
Total investment income		27,244
Expenses:
Investment management fees		2,979
Administrative services fees
Class R3		5
Class R4		2
Class R5		1
Transfer agent fees
Class A		458
Class B		20
Class C		98
Class I		44
Class R3		1
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		725
Class B		69
Class C		986
Class R3		13
Class R4		3
Custodian fees		8
Accounting services fees		92
Registration and filing fees		153
Board of Directors' fees		14
Audit fees		14
Other expenses		80
Total expenses (before waivers and fees paid indirectly)		5,765
Expense waivers		(319	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(319	)
Total expenses, net		5,446
Net Investment Income		21,798
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		9,579
Net realized gain on swap contracts		1,207
Net realized gain on foreign currency contracts		833
Net realized gain on other foreign currency transactions		—
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		11,619
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(9,424	)
Net unrealized depreciation of swap contracts		(800	)
Net unrealized appreciation of foreign currency contracts		103
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(3	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(10,124	)
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		1,495
Net Increase in Net Assets Resulting from Operations	$	23,293

The accompanying notes are an integral part of these financial statements.

14

The Hartford High Yield Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	21,798		$	27,781
Net realized gain on investments, other financial instruments and foreign currency transactions		11,619			13,600
Net unrealized depreciation of investments, other financial instruments and foreign currency transactions		(10,124	)		(4,761	)
Net Increase in Net Assets Resulting from Operations		23,293			36,620
Distributions to Shareholders:
From net investment income
Class A		(14,416	)		(18,776	)
Class B		(297	)		(461	)
Class C		(4,186	)		(4,980	)
Class I		(2,613	)		(3,077	)
Class R3		(123	)		(131	)
Class R4		(62	)		(98	)
Class R5		(27	)		(34	)
Class Y		(456	)		(633	)
Total distributions		(22,180	)		(28,190	)
Capital Share Transactions:
Class A		(33,843	)		(74,850	)
Class B		(2,602	)		(2,918	)
Class C		(9,940	)		63
Class I		(18,355	)		(491	)
Class R3		(403	)		899
Class R4		43			68
Class R5		(88	)		175
Class Y		(210	)		(7,083	)
Net decrease from capital share transactions		(65,398	)		(84,137	)
Net Decrease in Net Assets		(64,285	)		(75,707	)
Net Assets:
Beginning of period		487,859			563,566
End of period	$	423,574		$	487,859
Undistributed (distributions in excess of) net investment income	$	150		$	495

The accompanying notes are an integral part of these financial statements.

15

The Hartford High Yield Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford High Yield Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

16

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where

17

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into. 

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign

18

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared daily and paid monthly. Dividends from realized gains, if any, are paid at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The

19

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The

20

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to

21

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	103	$	—	$	—	$	—	$	—	$	103
Variation margin receivable *		—		—		28		—		—		—		28
Total	$	—	$	103	$	28	$	—	$	—	$	—	$	131
Liabilities:
Variation margin payable *	$	—	$	—	$	5	$	—	$	—	$	—	$	5
Total	$	—	$	—	$	5	$	—	$	—	$	—	$	5

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open centrally cleared swaps net cumulative depreciation of $(26) as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

22

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts			Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on swap contracts	$	—	$	—	$	1,207		$	—	$	—	$	—	$	1,207
Net realized gain on foreign currency contracts		—		833		—			—		—		—		833
Total	$	—	$	833	$	1,207		$	—	$	—	$	—	$	2,040
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of swap contracts	$	—	$	—	$	(800	)	$	—	$	—	$	—	$	(800	)
Net change in unrealized appreciation of foreign currency contracts		—		103		—			—		—		—		103
Total	$	—	$	103	$	(800	)	$	—	$	—	$	—	$	(697	)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the Futures Commission Merchant's ("FCM") custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Swap contracts - variation margin receivable	$	28	$	(5	)	$	—	$	—	$	23
Unrealized appreciation on foreign currency contracts		103		—			—		—		103
Total subject to a master netting or similar arrangement	$	131	$	(5	)	$	—	$	—	$	126

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
Swaps contracts - variation margin payable	$	5	$	(5	)	$	—	$	(567	)	$	—
Total subject to a master netting or similar arrangement	$	5	$	(5	)	$	—	$	(567	)	$	—

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

23

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of

24

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	22,188	$	28,130

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	362
Accumulated Capital and Other Losses*		(18,838	)
Unrealized Appreciation†		2,188
Total Accumulated Deficit	$	(16,288	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	37
Accumulated Net Realized Gain (Loss)		(37	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

Year of Expiration	Amount
2016	$	734
2017		18,104
Total	$	18,838

During the year ended October 31, 2014, the Fund utilized $11,429 of prior year capital loss carryforwards.

25

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million		0.650%
On next $500 million		0.600%
On next $1.5 billion		0.595%
On next $2.5 billion		0.590%
On next $5 billion		0.580%
Over $10 billion		0.570%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion		0.020%
On next $5 billion		0.015%
Over $10 billion		0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.05%	1.80%	1.80%	0.80%	1.35%	1.05%	0.75%	0.70%

26

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Fees Paid Indirectly – The Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.05	%
Class B		1.80
Class C		1.80
Class I		0.78
Class R3		1.35
Class R4		1.05
Class R5		0.75
Class Y		0.70

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $893 and contingent deferred sales charges of $11 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

27

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	234,719	$	—	$	234,719
Sales Proceeds		302,164		—		302,164

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		8,737		1,808		(14,957	)		(4,412	)		19,401		2,361		(31,662	)		(9,900	)
Amount	$	67,625	$	13,985	$	(115,453	)	$	(33,843	)	$	147,549	$	17,991	$	(240,390	)	$	(74,850	)
Class B
Shares		63		36		(437	)		(338	)		149		55		(588	)		(384	)
Amount	$	480	$	279	$	(3,361	)	$	(2,602	)	$	1,126	$	421	$	(4,465	)	$	(2,918	)
Class C
Shares		4,682		487		(6,482	)		(1,313	)		8,229		573		(8,816	)		(14	)
Amount	$	36,062	$	3,755	$	(49,757	)	$	(9,940	)	$	62,636	$	4,351	$	(66,924	)	$	63
Class I
Shares		9,790		311		(12,501	)		(2,400	)		10,333		369		(10,735	)		(33	)
Amount	$	75,850	$	2,418	$	(96,623	)	$	(18,355	)	$	78,852	$	2,828	$	(82,171	)	$	(491	)
Class R3
Shares		125		16		(192	)		(51	)		177		17		(76	)		118
Amount	$	967	$	123	$	(1,493	)	$	(403	)	$	1,347	$	130	$	(578	)	$	899
Class R4
Shares		94		7		(96	)		5			240		11		(236	)		15
Amount	$	735	$	53	$	(745	)	$	43		$	1,813	$	84	$	(1,829	)	$	68
Class R5
Shares		19		3		(34	)		(12	)		41		4		(22	)		23
Amount	$	147	$	27	$	(262	)	$	(88	)	$	304	$	34	$	(163	)	$	175
Class Y
Shares		79		60		(166	)		(27	)		221		83		(1,235	)		(931	)
Amount	$	610	$	456	$	(1,276	)	$	(210	)	$	1,682	$	633	$	(9,398	)	$	(7,083	)
Total
Shares		23,589		2,728		(34,865	)		(8,548	)		38,791		3,473		(53,370	)		(11,106	)
Amount	$	182,476	$	21,096	$	(268,970	)	$	(65,398	)	$	295,309	$	26,472	$	(405,918	)	$	(84,137	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		83	$	636
For the Year Ended October 31, 2013		92	$	703

28

The Hartford High Yield Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

29

The Hartford High Yield Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	7.66	$	0.38	$	0.02		$	0.40	$	(0.38	)	$	–	$	(0.38	)	$	7.68		5.35	%	$	262,960		1.14	%		1.05	%		4.90	%
B		7.62		0.32		0.02			0.34		(0.32	)		–		(0.32	)		7.64		4.60			5,683		2.02			1.80			4.17
C		7.63		0.32		0.02			0.34		(0.32	)		–		(0.32	)		7.65		4.60			95,449		1.83			1.80			4.15
I		7.70		0.40		0.03			0.43		(0.41	)		–		(0.41	)		7.72		5.60			46,691		0.81			0.78			5.17
R3		7.65		0.36		0.03			0.39		(0.36	)		–		(0.36	)		7.68		5.18			2,487		1.47			1.35			4.60
R4		7.66		0.38		0.03			0.41		(0.39	)		–		(0.39	)		7.68		5.35			1,367		1.16			1.05			4.91
R5		7.65		0.40		0.04			0.44		(0.41	)		–		(0.41	)		7.68		5.81			522		0.85			0.75			5.21
Y		7.65		0.41		0.01			0.42		(0.40	)		–		(0.40	)		7.67		5.73			8,415		0.73			0.70			5.25
For the Year Ended October 31, 2013
A	$	7.53	$	0.40	$	0.14		$	0.54	$	(0.41	)	$	–	$	(0.41	)	$	7.66		7.33	%	$	295,950		1.15	%		1.05	%		5.29	%
B		7.50		0.34		0.13			0.47		(0.35	)		–		(0.35	)		7.62		6.43			8,242		1.99			1.80			4.54
C		7.51		0.34		0.13			0.47		(0.35	)		–		(0.35	)		7.63		6.42			105,204		1.81			1.80			4.54
I		7.57		0.42		0.14			0.56		(0.43	)		–		(0.43	)		7.70		7.56			65,060		0.81			0.79			5.54
R3		7.53		0.38		0.13			0.51		(0.39	)		–		(0.39	)		7.65		6.87			2,872		1.47			1.35			4.96
R4		7.54		0.40		0.13			0.53		(0.41	)		–		(0.41	)		7.66		7.18			1,323		1.14			1.05			5.30
R5		7.53		0.42		0.13			0.55		(0.43	)		–		(0.43	)		7.65		7.51			609		0.84			0.75			5.57
Y		7.53		0.43		0.13			0.56		(0.44	)		–		(0.44	)		7.65		7.57			8,599		0.72			0.70			5.65
For the Year Ended October 31, 2012 (D)
A	$	7.20	$	0.44	$	0.33		$	0.77	$	(0.44	)	$	–	$	(0.44	)	$	7.53		11.00	%	$	365,718		1.12	%		1.05	%		5.97	%
B		7.17		0.38		0.33			0.71		(0.38	)		–		(0.38	)		7.50		10.24			10,990		2.00			1.80			5.28
C		7.18		0.38		0.33			0.71		(0.38	)		–		(0.38	)		7.51		10.23			103,639		1.82			1.79			5.24
I		7.23		0.46		0.34			0.80		(0.46	)		–		(0.46	)		7.57		11.39			64,195		0.83			0.80			6.24
R3		7.20		0.42		0.33			0.75		(0.42	)		–		(0.42	)		7.53		10.68			1,934		1.49			1.35			5.65
R4		7.20		0.44		0.34			0.78		(0.44	)		–		(0.44	)		7.54		11.15			1,191		1.16			1.05			5.85
R5		7.20		0.46		0.33			0.79		(0.46	)		–		(0.46	)		7.53		11.34			431		0.86			0.75			6.25
Y		7.19		0.47		0.33			0.80		(0.46	)		–		(0.46	)		7.53		11.55			15,468		0.73			0.70			6.39
For the Year Ended October 31, 2011 (D)
A	$	7.37	$	0.53	$	(0.17	)	$	0.36	$	(0.53	)	$	–	$	(0.53	)	$	7.20		4.95	%	$	280,568		1.14	%		1.05	%		7.19	%
B		7.34		0.48		(0.17	)		0.31		(0.48	)		–		(0.48	)		7.17		4.19			13,007		1.99			1.80			6.45
C		7.35		0.47		(0.16	)		0.31		(0.48	)		–		(0.48	)		7.18		4.20			102,694		1.83			1.80			6.43
I		7.39		0.55		(0.16	)		0.39		(0.55	)		–		(0.55	)		7.23		5.36			86,138		0.82			0.79			7.38
R3		7.36		0.51		(0.16	)		0.35		(0.51	)		–		(0.51	)		7.20		4.79			1,423		1.51			1.35			6.85
R4		7.37		0.53		(0.17	)		0.36		(0.53	)		–		(0.53	)		7.20		4.95			483		1.19			1.05			7.13
R5		7.37		0.56		(0.18	)		0.38		(0.55	)		–		(0.55	)		7.20		5.27			321		0.84			0.75			7.45
Y		7.36		0.57		(0.18	)		0.39		(0.56	)		–		(0.56	)		7.19		5.32			20,136		0.73			0.70			7.53

See Portfolio Turnover information on the next page.

30

The Hartford High Yield Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	6.73	$	0.59	$	0.65	$	1.24	$	(0.60	)	$	–	$	(0.60	)	$	7.37		19.14	%	$	284,606		1.20	%		1.20	%		8.43	%
B		6.71		0.54		0.64		1.18		(0.55	)		–		(0.55	)		7.34		18.17			19,919		2.06			1.95			7.73
C		6.71		0.54		0.65		1.19		(0.55	)		–		(0.55	)		7.35		18.38			85,523		1.89			1.89			7.73
I		6.74		0.61		0.66		1.27		(0.62	)		–		(0.62	)		7.39		19.63			21,098		0.88			0.88			8.51
R3		6.73		0.56		0.65		1.21		(0.58	)		–		(0.58	)		7.36		18.70			371		1.61			1.45			8.16
R4		6.73		0.59		0.65		1.24		(0.60	)		–		(0.60	)		7.37		19.20			318		1.27			1.15			8.24
R5		6.73		0.61		0.65		1.26		(0.62	)		–		(0.62	)		7.37		19.51			492		0.90			0.88			8.52
Y		6.73		0.62		0.64		1.26		(0.63	)		–		(0.63	)		7.36		19.47			44,553		0.79			0.79			8.85

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		54	%
For the Year Ended October 31, 2013		58
For the Year Ended October 31, 2012		138
For the Year Ended October 31, 2011		117
For the Year Ended October 31, 2010		141

31

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford High Yield Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford High Yield Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

32

The Hartford High Yield Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

33

The Hartford High Yield Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

34

The Hartford High Yield Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

35

The Hartford High Yield Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

36

The Hartford High Yield Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,009.50	$	5.32	$	1,000.00	$	1,019.91	$	5.35		1.05	%	184	365
Class B	$	1,000.00	$	1,005.80	$	9.10	$	1,000.00	$	1,016.13	$	9.15		1.80		184	365
Class C	$	1,000.00	$	1,004.40	$	9.04	$	1,000.00	$	1,016.18	$	9.10		1.79		184	365
Class I	$	1,000.00	$	1,010.70	$	3.90	$	1,000.00	$	1,021.32	$	3.92		0.77		184	365
Class R3	$	1,000.00	$	1,008.00	$	6.83	$	1,000.00	$	1,018.40	$	6.87		1.35		184	365
Class R4	$	1,000.00	$	1,009.50	$	5.32	$	1,000.00	$	1,019.91	$	5.35		1.05		184	365
Class R5	$	1,000.00	$	1,011.00	$	3.80	$	1,000.00	$	1,021.42	$	3.82		0.75		184	365
Class Y	$	1,000.00	$	1,011.20	$	3.55	$	1,000.00	$	1,021.68	$	3.57		0.70		184	365

37

The Hartford High Yield Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford High Yield Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

38

The Hartford High Yield Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period and the 4^th quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-year period and below its benchmark for the 3- and 5-year periods. In considering the Fund’s performance record, the Board noted that the Fund had transitioned to Wellington Management Company, LLP as sub-adviser in 2012.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

39

The Hartford High Yield Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 2^nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

40

The Hartford High Yield Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

41

The Hartford High Yield Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price) and call risk (the risk that an investment may be redeemed early).

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

42

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information. This notice describes how we collect, disclose, and protect Personal Information. We collect Personal Information to: a) service your Transactions with us; and b) support our business functions. We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency. Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports. To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators. As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures. We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business. When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions. We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services. We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law. We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law. Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access. Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software. We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties. Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us. At the start of our business relationship, we will give You a copy of our current Privacy Policy. We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us. We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us. As used in this Privacy Notice: Application means your request for our product or service. Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information. Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury. Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information. Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account. You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-HY14 12/14 113985-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD  
INFLATION PLUS FUND     2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Inflation Plus Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	11
Statement of Operations for the Year Ended October 31, 2014	12
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	13
Notes to Financial Statements	14
Financial Highlights	30
Report of Independent Registered Public Accounting Firm	32
Directors and Officers (Unaudited)	33
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	35
Quarterly Portfolio Holdings Information (Unaudited)	35
Federal Tax Information (Unaudited)	36
Expense Example (Unaudited)	37
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	38
Main Risks (Unaudited)	42

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Inflation Plus Fund inception 10/31/2002

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks a total return that exceeds the rate of inflation over an economic cycle.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Inflation Plus A#		-0.43	%		3.41	%		4.03	%
Inflation Plus A##		-4.91	%		2.46	%		3.55	%
Inflation Plus B#		-1.16	%		2.64	%		3.41	%*
Inflation Plus B##		-5.90	%		2.30	%		3.41	%*
Inflation Plus C#		-1.16	%		2.66	%		3.25	%
Inflation Plus C##		-2.11	%		2.66	%		3.25	%
Inflation Plus I#		-0.16	%		3.68	%		4.27	%
Inflation Plus R3#		-0.74	%		3.06	%		3.80	%
Inflation Plus R4#		-0.54	%		3.36	%		4.03	%
Inflation Plus R5#		-0.16	%		3.68	%		4.27	%
Inflation Plus Y#		-0.13	%		3.78	%		4.34	%
Barclays U.S. TIPS 1-10 Year Index		0.60	%		3.21	%		3.96	%
Barclays U.S. TIPS Index		1.90	%		4.41	%		4.62	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments.

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund’s Class Y shares, which had different operating expenses.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of March 5, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

Barclays U.S. TIPS 1-10 Year Index represents securities that protect against adverse inflation and provide a minimum level of real return. To be included in this index, bonds must have cash flows linked to an inflation index, be sovereign issues denominated in U.S. currency, and have maturities of 1 to 10 years.

Barclays U.S. TIPS Index represents securities that protect against adverse inflation and provide a minimum level of real return. To be included in this index, bonds must have cash flows linked to an inflation index, be sovereign issues denominated in U.S. currency, and have more than one year to maturity.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Inflation Plus Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Inflation Plus Class A		0.85	%		0.88	%
Inflation Plus Class B		1.60	%		1.69	%
Inflation Plus Class C		1.60	%		1.60	%
Inflation Plus Class I		0.60	%		0.65	%
Inflation Plus Class R3		1.20	%		1.22	%
Inflation Plus Class R4		0.90	%		0.91	%
Inflation Plus Class R5		0.60	%		0.63	%
Inflation Plus Class Y		0.51	%		0.51	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Manager

Lindsay T. Politi

Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Inflation Plus Fund returned -0.43%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmarks, the Barclays U.S. TIPS 1-10 Year Index, and Barclays U.S. TIPS Index, which returned 0.60%, and 1.90%, respectively, for the same time period. The Fund also underperformed the 1.34% average return of the Lipper Inflation Protected Bond Funds peer group, a group of funds that invest primarily in inflation-indexed fixed income securities. Inflation-linked bonds are fixed income securities structured to provide protection against inflation.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. In the U.S., second quarter Gross Domestic Product rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

TIPS returns were positive for the twelve months ended October 31, 2014, though TIPS returned less than nominal Treasuries of similar durations. The TIPS curve flattened during the period; consequently, longer dated maturities outperformed shorter maturities. Breakeven inflation rates, which can be regarded as a proxy for the market’s inflation expectations, rose during the early part of the period before falling sharply in the 3^rd quarter of 2014 as a strengthening U.S. dollar and falling energy prices weighed on inflation.

The Fund lagged its benchmarks during the period primarily due to relative value positioning within the TIPS market. The Fund was overweight TIPS with shorter maturities, which were more sensitive to falling near-term inflation expectations in the 3^rd quarter. This was partially offset by out-of-benchmark allocations, relative to both benchmarks, to Japanese inflation-linked bonds, as well as bank loans and the Fund’s developed market currency strategy, which were all additive to relative results.

3

The Hartford Inflation Plus Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

The Fund’s positions in CPI swaps, used to manage inflation exposure, detracted marginally from relative results.

What is the outlook?

In the short term, we believe that recent trends such as falling energy prices, as well as U.S. dollar strength and economic weakness in Europe may continue to weigh on inflation. Over the longer term, however, we believe that inflation will move higher in the U.S. and that the valuation in U.S. breakeven inflation rates is becoming increasingly compelling. In light of this view, the Fund is currently underweight shorter maturity TIPS, which are sensitive to near term inflation expectations, while being simultaneously positioned to benefit if longer term breakeven inflation expectations rise. We expect the Fed to raise rates at a measured pace next year, but we believe that interest rate markets generally incorporate these expectations into current prices. The Fund is therefore positioned close to neutral duration with respect to the Barclays U.S. TIPS 1-10 Year Index. The Fund continued to maintain an allocation to bank loans at the end of the period, which is not included in either benchmark, as we believe that an improving economic environment should be supportive of corporate credit. The Fund also maintained an opportunistic exposure to emerging market inflation-linked bonds, which are not included in either benchmark.

Credit Exposure
as of October 31, 2014
Credit Rating *	Percentage of Net Assets
Aaa/ AAA		0.0	%
Aa/ AA		90.9
A		0.2
Baa/ BBB		0.6
Ba/ BB		2.4
B		1.6
Not Rated		0.3
Short-Term Instruments		9.5
Other Assets and Liabilities		(5.5	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Fixed Income Securities
Foreign Government Obligations		0.8	%
Senior Floating Rate Interests		4.3
U.S. Government Agencies		0.0
U.S. Government Securities		90.9
Total		96.0	%
Short-Term Investments		9.5
Other Assets and Liabilities		(5.5	)
Total		100.0	%

4

The Hartford Inflation Plus Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Foreign Government Obligations - 0.8%
		Brazil - 0.3%
		Brazil (Republic of)
BRL	11,820	9.67%, 09/01/2020 ○	$	3,063
		Mexico - 0.2%
		Mexico (United Mexican States)
MXN	24,930	4.00%, 06/13/2019 ◄		2,045
		Uruguay - 0.3%
		Uruguay (Republic of)
UYU	59,518	4.25%, 04/05/2027 ◄		2,639
		Total Foreign Government Obligations
		(Cost $7,987)	$	7,747
Senior Floating Rate Interests ♦ - 4.3%
		Air Transportation - 0.2%
		Delta Air Lines, Inc., Term Loan
$	1,937	3.25%, 04/20/2017	$	1,921
		Apparel Manufacturing - 0.1%
		PVH Corp.
	847	3.25%, 02/13/2020		847
		Arts, Entertainment and Recreation - 0.1%
		Numericable
	550	4.50%, 05/21/2020		551
		Univision Communications, Inc.
	1,010	4.00%, 03/01/2020		999
				1,550
		Chemical Manufacturing - 0.2%
		Ineos US Finance LLC
	1,001	3.75%, 05/04/2018		987
		Minerals Technologies, Inc.
	699	4.00%, 05/07/2021		696
				1,683
		Computer and Electronic Product Manufacturing - 0.4%
		Avago Technologies Ltd.
	1,342	3.75%, 05/06/2021		1,337
		Freescale Semiconductor, Inc.
	1,970	4.25%, 02/28/2020		1,941
		Vantiv LLC
	409	3.75%, 06/13/2021		406
				3,684
		Finance and Insurance - 0.5%
		Asurion LLC
	1,528	5.00%, 05/24/2019		1,529
		Chrysler Group LLC
	1,455	3.50%, 05/24/2017		1,446
		RPI Finance Trust
	2,300	3.25%, 11/09/2018		2,286
				5,261
		Food Manufacturing - 0.1%
		H.J. Heinz Co.
	923	3.50%, 06/05/2020		917
		Health Care and Social Assistance - 0.5%
		Community Health Systems, Inc.
	318	4.25%, 01/27/2021		317
		Grifols Worldwide Operations USA, Inc.
	871	3.15%, 02/27/2021		859
		HCA, Inc.
	1,980	2.98%, 05/01/2018		1,970
		IMS Health, Inc.
	1,484	3.50%, 03/17/2021		1,465
		Ortho-Clinical Diagnostics, Inc.
	434	4.75%, 06/30/2021		429
		Truven Health Analytics, Inc.
	489	4.50%, 06/06/2019		479
				5,519
		Health Care Providers and Services - 0.0%
		Multiplan, Inc.
	425	4.00%, 03/31/2021		419
		Information - 0.9%
		Charter Communications Operating LLC
	966	3.00%, 01/03/2021		949
		Kronos, Inc.
	1,030	4.50%, 10/30/2019		1,025
		Lawson Software, Inc.
	1,185	3.75%, 06/03/2020		1,168
		Level 3 Financing, Inc.
	630	4.50%, 01/31/2022 ☼		633
		MISYS plc
	1,720	5.00%, 12/12/2018		1,720
		Telesat Canada
	1,521	3.50%, 03/28/2019		1,503
		Virgin Media Finance plc
	1,000	3.50%, 06/07/2020		985
		Ziggo B.V.
	520	2.75%, 01/15/2022 ☼Б		506
	305	3.25%, 01/15/2022		297
				8,786
		Mining - 0.1%
		Fortescue Metals Group Ltd.
	1,010	3.75%, 06/30/2019		984
		Miscellaneous Manufacturing - 0.2%
		DigitalGlobe, Inc.
	586	3.75%, 01/31/2020		582
		Reynolds Group Holdings, Inc.
	1,081	4.00%, 11/30/2018		1,074
				1,656
		Other Services - 0.2%
		Rexnord LLC
	2,179	4.00%, 08/21/2020		2,147
		Petroleum and Coal Products Manufacturing - 0.1%
		MEG Energy Corp.
	860	3.75%, 03/31/2020		844
		Plastics and Rubber Products Manufacturing - 0.3%
		Berry Plastics Group, Inc.
	1,010	3.50%, 02/08/2020		988
		Goodyear (The) Tire & Rubber Co.
	2,000	4.75%, 04/30/2019		2,004
				2,992

The accompanying notes are an integral part of these financial statements.

5

The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 4.3% - (continued)
		Real Estate, Rental and Leasing - 0.1%
		International Lease Finance Corp.
$	685	3.50%, 03/06/2021	$	681
		Retail Trade - 0.0%
		Michaels Stores, Inc.
	400	4.00%, 01/28/2020		395
		Utilities - 0.3%
		Calpine Corp.
	1,201	4.00%, 10/09/2019		1,189
		Energy Transfer Equity L.P.
	2,000	3.25%, 12/02/2019		1,958
				3,147
		Total Senior Floating Rate Interests
		(Cost $43,695)	$	43,433
U.S. Government Agencies - 0.0%
		FNMA - 0.0%
$	2	10.50%, 12/01/2018	$	2
		GNMA - 0.0%
	1	11.00%, 12/20/2015 - 12/20/2018		2
		Total U.S. Government Agencies
		(Cost $4)	$	4
U.S. Government Securities - 90.9%
U.S. Treasury Securities - 90.9%
		U.S. Treasury Bonds - 1.9%
$	13,800	2.38%, 01/15/2027 ◄	$	19,604
		U.S. Treasury Notes - 89.0%
	484,365	0.13%, 04/15/2017 - 07/15/2024 □◄‡Θ		496,004
	66,630	0.38%, 07/15/2023 ◄		68,116
	100,300	0.63%, 07/15/2021 - 01/15/2024 ◄		105,854
	55,450	1.13%, 01/15/2021 ◄		63,678
	52,115	1.25%, 07/15/2020 ◄		60,688
	24,525	1.38%, 01/15/2020 ◄		28,817
	37,875	1.88%, 07/15/2019 ◄		46,203
	29,830	2.13%, 01/15/2019 ◄		36,197
				905,557
				925,161
		Total U.S. Government Securities
		(Cost $934,839)	$	925,161
		Total Long-Term Investments
		(Cost $986,525)	$	976,345
Short-Term Investments - 9.5%
	Repurchase Agreements - 9.5%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $277, collateralized by U.S. Treasury Note 1.50%, 2019, value of $282)
$	277	0.08%, 10/31/2014	$	277
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,708, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $4,803)
	4,708	0.09%, 10/31/2014		4,708
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,265, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $1,290)
	1,265	0.08%, 10/31/2014		1,265
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,288, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $4,374)
	4,288	0.10%, 10/31/2014		4,288
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $16,158, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $16,481)
	16,158	0.08%, 10/31/2014		16,158
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $18,572, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $18,943)
	18,572	0.09%, 10/31/2014		18,572
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,072, collateralized by U.S. Treasury Note 0.88%, 2017, value of $1,093)
	1,072	0.13%, 10/31/2014		1,072
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,578, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $1,610)
	1,578	0.07%, 10/31/2014		1,578
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $16,625, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $16,958)
	16,625	0.08%, 10/31/2014		16,625

The accompanying notes are an integral part of these financial statements.

6

The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Short-Term Investments - 9.5% - (continued)
	Repurchase Agreements - 9.5% - (continued)
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $32,217, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $32,861)
$	32,217	0.10%, 10/31/2014			$	32,217
						96,760
		Total Short-Term Investments
		(Cost $96,760)			$	96,760
		Total Investments
		(Cost $1,083,285) ▲	105.5	%	$	1,073,105
		Other Assets and Liabilities	(5.5	)%		(55,480	)
		Total Net Assets	100.0	%	$	1,017,625

The accompanying notes are an integral part of these financial statements.

7

The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $1,090,511 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	1,028
Unrealized Depreciation		(18,434	)
Net Unrealized Depreciation	$	(17,406	)

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

○ The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.

◄ The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

♦ Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown.  Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.

Б This security, or a portion of this security, has unfunded loan commitments. As of October 31, 2014, the aggregate value of the unfunded commitment was $339, which  rounds to zero percent of total net assets.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $964 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

□ This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate		Expiration Date	Number of Contracts *			Market Value ╪		Premiums Received by Fund		Unrealized Appreciation (Depreciation)
Written option contracts:
Calls
GBP Call/USD Put	DEUT	FX		1.62 USD per GBP	12/08/14		GBP	3,790,000	$	18	$	88	$	70
Puts
GBP Put/USD Call	DEUT	FX		1.62 USD per GBP	12/08/14		GBP	3,790,000	$	81	$	91	$	10
Total written option contracts								7,580,000	$	99	$	179	$	80

* The number of contracts does not omit 000's.

The accompanying notes are an integral part of these financial statements.

8

The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts Outstanding at October 31, 2014

Number of

Expiration

Notional

Market

Unrealized Appreciation/(Depreciation)

Variation Margin

Description

Contracts*

Date

Amount

Value ╪

Asset

Liability

Asset

Liability

Short position contracts:

U.S. Treasury 10-Year Note Future

769

12/19/2014

$

97,191

$

97,170

$

21

$

–

$

21

$

–

* The number of contracts does not omit 000's.

Foreign Currency Contracts Outstanding at October 31, 2014

									Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty		Contract Amount		Market Value ╪		Asset		Liability
AUD	Buy	11/28/2014		BCLY	$	4,271	$	4,281	$	10	$	–
AUD	Buy	11/28/2014		BOA		3,263		3,263		–		–
AUD	Buy	11/28/2014		CBA		3,264		3,264		–		–
AUD	Sell	11/28/2014		GSC		4,311		4,281		30		–
CAD	Buy	11/28/2014		RBC		8,441		8,390		–		(51	)
CHF	Buy	11/28/2014		JPM		5,225		5,199		–		(26	)
CHF	Sell	11/28/2014		HSBC		10,667		10,580		87		–
EUR	Buy	12/17/2014		CSFB		34,993		34,776		–		(217	)
EUR	Buy	12/17/2014		GSC		13,871		13,537		–		(334	)
EUR	Buy	12/17/2014		SCB		1,324		1,297		–		(27	)
EUR	Buy	11/28/2014		UBS		5,218		5,194		–		(24	)
EUR	Sell	12/17/2014		DEUT		50,858		49,238		1,620		–
EUR	Sell	11/28/2014		JPM		10,684		10,571		113		–
EUR	Sell	12/17/2014		JPM		373		372		1		–
GBP	Buy	11/28/2014		CBK		6,066		6,057		–		(9	)
JPY	Buy	12/17/2014		JPM		366		347		–		(19	)
JPY	Sell	12/17/2014		JPM		363		347		16		–
JPY	Sell	11/28/2014		RBS		6,362		6,117		245		–
Total									$	2,122	$	(707	)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BOA	Banc of America Securities LLC
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
CSFB	Credit Suisse First Boston Corp.
DEUT	Deutsche Bank Securities, Inc.
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
JPM	JP Morgan Chase & Co.
RBC	RBC Dominion Securities, Inc.
RBS	RBS Greenwich Capital
SCB	Standard Chartered Bank
UBS	UBS AG

Currency Abbreviations:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
EUR	EURO
GBP	British Pound
JPY	Japanese Yen
MXN	Mexican New Peso
UYU	Uruguayan Peso

Other Abbreviations:
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter

The accompanying notes are an integral part of these financial statements.

9

The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Foreign Government Obligations	$	7,747	$	–	$	7,747	$	–
Senior Floating Rate Interests		43,433		–		43,433		–
U.S. Government Agencies		4		–		4		–
U.S. Government Securities		925,161		135,197		789,964		–
Short-Term Investments		96,760		–		96,760		–
Total	$	1,073,105	$	135,197	$	937,908	$	–
Foreign Currency Contracts *	$	2,122	$	–	$	2,122	$	–
Futures *		21		21		–		–
Total	$	2,143	$	21	$	2,122	$	–
Liabilities:
Written Options	$	99	$	–	$	99	$	–
Total	$	99	$	–	$	99	$	–
Foreign Currency Contracts *	$	707	$	–	$	707	$	–
Total	$	707	$	–	$	707	$	–

♦ For the year ended October 31, 2014, investments valued at $90,947 were transferred from Level 1 to Level 2, and there were no transfers from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

10

The Hartford Inflation Plus Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $1,083,285)	$	1,073,105
Cash		24
Unrealized appreciation on foreign currency contracts		2,122
Receivables:
Fund shares sold		663
Interest		1,622
Variation margin on financial derivative instruments		21
Other assets		63
Total assets		1,077,620
Liabilities:
Unrealized depreciation on foreign currency contracts		707
Payables:
Investment securities purchased		56,272
Fund shares redeemed		2,577
Investment management fees		93
Administrative fees		3
Distribution fees		74
Accrued expenses		155
Written option contracts (proceeds $179)		99
Other liabilities		15
Total liabilities		59,995
Net assets	$	1,017,625
Summary of Net Assets:
Capital stock and paid-in-capital	$	1,072,477
Distributions in excess of net investment income		(582	)
Accumulated net realized loss		(45,605	)
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(8,665	)
Net assets	$	1,017,625
Shares authorized		6,245,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$10.79/$11.30
Shares outstanding		31,501
Net assets	$	339,993
Class B: Net asset value per share	$	10.47
Shares outstanding		1,602
Net assets	$	16,784
Class C: Net asset value per share	$	10.47
Shares outstanding		22,992
Net assets	$	240,647
Class I: Net asset value per share	$	10.94
Shares outstanding		8,328
Net assets	$	91,095
Class R3: Net asset value per share	$	10.66
Shares outstanding		6,527
Net assets	$	69,577
Class R4: Net asset value per share	$	10.79
Shares outstanding		2,098
Net assets	$	22,639
Class R5: Net asset value per share	$	10.91
Shares outstanding		469
Net assets	$	5,119
Class Y: Net asset value per share	$	10.95
Shares outstanding		21,162
Net assets	$	231,771

The accompanying notes are an integral part of these financial statements.

11

The Hartford Inflation Plus Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Interest	$	15,550
Total investment income		15,550
Expenses:
Investment management fees		5,577
Administrative services fees
Class R3		142
Class R4		38
Class R5		6
Transfer agent fees
Class A		623
Class B		48
Class C		332
Class I		149
Class R3		9
Class R4		2
Class R5		2
Class Y		5
Distribution fees
Class A		1,035
Class B		216
Class C		2,915
Class R3		355
Class R4		63
Custodian fees		10
Accounting services fees		166
Registration and filing fees		144
Board of Directors' fees		33
Audit fees		15
Other expenses		151
Total expenses (before waivers and fees paid indirectly)		12,036
Expense waivers		(486	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(486	)
Total expenses, net		11,550
Net Investment Income		4,000
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized loss on investments		(38,094	)
Net realized loss on futures contracts		(2,745	)
Net realized loss on swap contracts		(714	)
Net realized gain on foreign currency contracts		4,402
Net realized loss on other foreign currency transactions		(656	)
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(37,807	)
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation of investments		24,036
Net unrealized appreciation of futures contracts		21
Net unrealized appreciation of written option contracts		80
Net unrealized appreciation of swap contracts		246
Net unrealized appreciation of foreign currency contracts		982
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(1	)
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		25,364
Net Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(12,443	)
Net Decrease in Net Assets Resulting from Operations	$	(8,443	)

The accompanying notes are an integral part of these financial statements.

12

The Hartford Inflation Plus Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	4,000		$	3,002
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		(37,807	)		43,823
Net unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		25,364			(203,225	)
Net Decrease in Net Assets Resulting from Operations		(8,443	)		(156,400	)
Distributions to Shareholders:
From net investment income
Class A		(2,508	)		(2,474	)
Class B		(76	)		(90	)
Class C		(1,044	)		(1,248	)
Class I		(610	)		(963	)
Class R3		(361	)		(221	)
Class R4		(145	)		(115	)
Class R5		(39	)		(27	)
Class Y		(1,803	)		(1,298	)
Total from net investment income		(6,586	)		(6,436	)
From net realized gain on investments
Class A		(17,316	)		(28,407	)
Class B		(993	)		(1,765	)
Class C		(12,950	)		(24,327	)
Class I		(3,925	)		(9,692	)
Class R3		(2,610	)		(3,142	)
Class R4		(1,010	)		(1,360	)
Class R5		(219	)		(272	)
Class Y		(10,242	)		(12,267	)
Total from net realized gain on investments		(49,265	)		(81,232	)
Total distributions		(55,851	)		(87,668	)
Capital Share Transactions:
Class A		(145,705	)		(256,996	)
Class B		(10,465	)		(19,364	)
Class C		(117,005	)		(266,637	)
Class I		(27,892	)		(147,208	)
Class R3		(293	)		(10,753	)
Class R4		(5,670	)		(7,454	)
Class R5		(838	)		(1,005	)
Class Y		(43,514	)		(54,921	)
Net decrease from capital share transactions		(351,382	)		(764,338	)
Net Decrease in Net Assets		(415,676	)		(1,008,406	)
Net Assets:
Beginning of period		1,433,301			2,441,707
End of period	$	1,017,625		$	1,433,301
Undistributed (distributions in excess of) net investment income	$	(582	)	$	684

The accompanying notes are an integral part of these financial statements.

13

The Hartford Inflation Plus Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Inflation Plus Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge. All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

14

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of OTC options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

15

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into.

16

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared daily and paid monthly. Dividends from realized gains, if any, are paid at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with

17

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund, as shown on the Schedule of Investments, had inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

18

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014.

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

19

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Fund had no outstanding purchased option contracts as of October 31, 2014. The Fund, as shown on the Schedule of Investments, had outstanding written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:

Call Options Written During the Year	Number of Contracts*		Premium Amounts
Beginning of the period		—	$	—
Written		3,790,000		88
Expired		—		—
Closed		—		—
Exercised		—		—
End of period		3,790,000	$	88

Put Options Written During the Year	Number of Contracts*		Premium Amounts
Beginning of the period		—	$	—
Written		3,790,000		91
Expired		—		—
Closed		—		—
Exercised		—		—
End of period		3,790,000	$	91

* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as

20

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the  Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund had no outstanding interest rate swap contracts as of October 31, 2014.

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	2,122	$	—	$	—	$	—	$	—	$	2,122
Variation margin receivable *		21		—		—		—		—		—		21
Total	$	21	$	2,122	$	—	$	—	$	—	$	—	$	2,143
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	707	$	—	$	—	$	—	$	—	$	707
Written option contracts, market value		—		99		—		—		—		—		99
Total	$	—	$	806	$	—	$	—	$	—	$	—	$	806

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative appreciation of $21 as reported in the Schedule of Investments.

The ratio of foreign currency contracts market value to net assets at October 31, 2014 was 14.15%, compared to the twelve-month average ratio of 8.30% during the year ended October 31, 2014. The volume of other derivatives that are presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

21

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on futures contracts	$	(2,745	)	$	—	$	—	$	—	$	—	$	—	$	(2,745	)
Net realized loss on swap contracts		(714	)		—		—		—		—		—		(714	)
Net realized gain on foreign currency contracts		—			4,402		—		—		—		—		4,402
Total	$	(3,459	)	$	4,402	$	—	$	—	$	—	$	—	$	943
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of futures contracts	$	21		$	—	$	—	$	—	$	—	$	—	$	21
Net change in unrealized appreciation of written option contracts		—			80		—		—		—		—		80
Net change in unrealized appreciation of swap contracts		246			—		—		—		—		—		246
Net change in unrealized appreciation of foreign currency contracts		—			982		—		—		—		—		982
Total	$	267		$	1,062	$	—	$	—	$	—	$	—	$	1,329

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received			Cash Collateral Received		Net Amount (not less than $0)
Description
Futures contracts - variation margin receivable	$	21	$	—		$	—	‡	$	—	$	21
Unrealized appreciation on foreign currency contracts		2,122		(75	)		—			—		2,047
Total subject to a master netting or similar arrangement	$	2,143	$	(75	)	$	—		$	—	$	2,068

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

‡ The Fund has pledged $2,418 as collateral for open futures contracts held at October 31, 2014.

22

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged		Net Amount (not less than $0)
Description
OTC written option contracts at market value	$	99	$	—		$	—	$	—	$	99
Unrealized depreciation on foreign currency contracts		707		(75	)		—		—		632
Total subject to a master netting or similar arrangement	$	806	$	(75	)	$	—	$	—	$	731

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension and foreign currency risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

23

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	6,586	$	66,249
Long-Term Capital Gains ‡		49,265		21,680

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:

	Amount
Undistributed Ordinary Income	$	459
Accumulated Capital and Other Losses*		(37,984	)
Unrealized Depreciation†		(17,327	)
Total Accumulated Deficit	$	(54,852	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	1,320
Accumulated Net Realized Gain (Loss)		(1,320	)

24

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows:

	Amount
Short-Term Capital Loss Carryforward	$	7,787
Long-Term Capital Loss Carryforward		30,197
Total	$	37,984

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million		0.500%
On next $500 million		0.450%
On next $1.5 billion		0.445%
On next $2.5 billion		0.440%
On next $5 billion		0.430%
Over $10 billion		0.420%

25

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion		0.014%
On next $5 billion		0.012%
Over $10 billion		0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.85%	1.60%	1.60%	0.60%	1.20%	0.90%	0.60%	0.55%

Fees Paid Indirectly – The Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		0.85	%
Class B		1.60
Class C		1.60
Class I		0.60
Class R3		1.20
Class R4		0.90
Class R5		0.60
Class Y		0.52

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $282 and contingent deferred sales charges of $58 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A

26

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $2. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		14	%

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	130,790	$	1,138,701	$	1,269,491
Sales Proceeds		155,462		1,513,403		1,668,865

27

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		3,542		1,773		(18,673	)		(13,358	)		7,848		2,394		(32,643	)		(22,401	)
Amount	$	38,522	$	19,023	$	(203,250	)	$	(145,705	)	$	94,162	$	29,217	$	(380,375	)	$	(256,996	)
Class B
Shares		24		89		(1,101	)		(988	)		68		133		(1,893	)		(1,692	)
Amount	$	253	$	932	$	(11,650	)	$	(10,465	)	$	812	$	1,594	$	(21,770	)	$	(19,364	)
Class C
Shares		779		1,177		(12,991	)		(11,035	)		4,240		1,830		(29,790	)		(23,720	)
Amount	$	8,221	$	12,281	$	(137,507	)	$	(117,005	)	$	50,424	$	21,931	$	(338,992	)	$	(266,637	)
Class I
Shares		3,632		324		(6,487	)		(2,531	)		4,774		668		(17,931	)		(12,489	)
Amount	$	40,082	$	3,516	$	(71,490	)	$	(27,892	)	$	57,480	$	8,218	$	(212,906	)	$	(147,208	)
Class R3
Shares		1,108		275		(1,400	)		(17	)		1,447		273		(2,663	)		(943	)
Amount	$	11,857	$	2,915	$	(15,065	)	$	(293	)	$	16,922	$	3,307	$	(30,982	)	$	(10,753	)
Class R4
Shares		709		86		(1,309	)		(514	)		1,126		98		(1,871	)		(647	)
Amount	$	7,685	$	920	$	(14,275	)	$	(5,670	)	$	13,352	$	1,201	$	(22,007	)	$	(7,454	)
Class R5
Shares		215		24		(314	)		(75	)		338		24		(454	)		(92	)
Amount	$	2,365	$	258	$	(3,461	)	$	(838	)	$	4,063	$	298	$	(5,366	)	$	(1,005	)
Class Y
Shares		4,656		1,087		(9,663	)		(3,920	)		8,469		1,082		(14,094	)		(4,543	)
Amount	$	51,326	$	11,804	$	(106,644	)	$	(43,514	)	$	101,097	$	13,318	$	(169,336	)	$	(54,921	)
Total
Shares		14,665		4,835		(51,938	)		(32,438	)		28,310		6,502		(101,339	)		(66,527	)
Amount	$	160,311	$	51,649	$	(563,342	)	$	(351,382	)	$	338,312	$	79,084	$	(1,181,734	)	$	(764,338	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		65	$	710
For the Year Ended October 31, 2013		131	$	1,540

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

28

The Hartford Inflation Plus Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

29

The Hartford Inflation Plus Fund

Financial Highlights

	- Selected Per-Share Data - (A)																									- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss)  to Average Net Assets
For the Year Ended October 31, 2014
A	$	11.32	$	0.05		$	(0.10	)	$	(0.05	)	$	(0.07	)	$	(0.41	)	$	(0.48	)	$	10.79		(0.43	)%	$	339,993		0.92	%		0.85	%		0.48	%
B		11.05		(0.04	)		(0.09	)		(0.13	)		(0.04	)		(0.41	)		(0.45	)		10.47		(1.16	)		16,784		1.74			1.60			(0.35	)
C		11.05		(0.04	)		(0.09	)		(0.13	)		(0.04	)		(0.41	)		(0.45	)		10.47		(1.16	)		240,647		1.63			1.60			(0.33	)
I		11.45		0.06			(0.08	)		(0.02	)		(0.08	)		(0.41	)		(0.49	)		10.94		(0.16	)		91,095		0.67			0.60			0.58
R3		11.21		0.02			(0.11	)		(0.09	)		(0.05	)		(0.41	)		(0.46	)		10.66		(0.74	)		69,577		1.23			1.20			0.19
R4		11.33		0.05			(0.12	)		(0.07	)		(0.06	)		(0.41	)		(0.47	)		10.79		(0.54	)		22,639		0.92			0.90			0.43
R5		11.42		0.09			(0.11	)		(0.02	)		(0.08	)		(0.41	)		(0.49	)		10.91		(0.16	)		5,119		0.64			0.60			0.79
Y		11.46		0.09			(0.11	)		(0.02	)		(0.08	)		(0.41	)		(0.49	)		10.95		(0.13	)		231,771		0.52			0.52			0.84
For the Year Ended October 31, 2013
A	$	12.65	$	0.04		$	(0.91	)	$	(0.87	)	$	(0.04	)	$	(0.42	)	$	(0.46	)	$	11.32		(7.15	)%	$	507,889		0.88	%		0.85	%		0.34	%
B		12.44		(0.05	)		(0.90	)		(0.95	)		(0.02	)		(0.42	)		(0.44	)		11.05		(7.88	)		28,633		1.69			1.60			(0.43	)
C		12.43		(0.05	)		(0.89	)		(0.94	)		(0.02	)		(0.42	)		(0.44	)		11.05		(7.81	)		375,906		1.60			1.60			(0.42	)
I		12.76		0.06			(0.91	)		(0.85	)		(0.04	)		(0.42	)		(0.46	)		11.45		(6.88	)		124,329		0.65			0.60			0.51
R3		12.57		–			(0.91	)		(0.91	)		(0.03	)		(0.42	)		(0.45	)		11.21		(7.49	)		73,380		1.22			1.20			0.01
R4		12.66		0.04			(0.91	)		(0.87	)		(0.04	)		(0.42	)		(0.46	)		11.33		(7.15	)		29,584		0.91			0.90			0.30
R5		12.73		0.08			(0.93	)		(0.85	)		(0.04	)		(0.42	)		(0.46	)		11.42		(6.90	)		6,219		0.63			0.60			0.69
Y		12.76		0.07			(0.90	)		(0.83	)		(0.05	)		(0.42	)		(0.47	)		11.46		(6.79	)		287,361		0.51			0.51			0.60
For the Year Ended October 31, 2012
A	$	12.36	$	0.08		$	0.80		$	0.88		$	(0.07	)	$	(0.52	)	$	(0.59	)	$	12.65		7.41	%	$	851,003		0.86	%		0.85	%		0.69	%
B		12.22		(0.01	)		0.79			0.78			(0.04	)		(0.52	)		(0.56	)		12.44		6.65			53,262		1.66			1.60			(0.11	)
C		12.21		(0.01	)		0.79			0.78			(0.04	)		(0.52	)		(0.56	)		12.43		6.66			717,899		1.59			1.59			(0.04	)
I		12.44		0.11			0.81			0.92			(0.08	)		(0.52	)		(0.60	)		12.76		7.70			297,985		0.64			0.60			0.91
R3		12.31		0.05			0.78			0.83			(0.05	)		(0.52	)		(0.57	)		12.57		7.07			94,112		1.21			1.20			0.41
R4		12.37		0.08			0.80			0.88			(0.07	)		(0.52	)		(0.59	)		12.66		7.39			41,261		0.91			0.90			0.69
R5		12.42		0.13			0.78			0.91			(0.08	)		(0.52	)		(0.60	)		12.73		7.63			8,096		0.62			0.60			1.05
Y		12.44		0.12			0.80			0.92			(0.08	)		(0.52	)		(0.60	)		12.76		7.73			378,089		0.50			0.50			0.99
For the Year Ended October 31, 2011 (D)
A(E)	$	12.27	$	0.35		$	0.58		$	0.93		$	(0.32	)	$	(0.52	)	$	(0.84	)	$	12.36		8.19	%	$	836,386		0.87	%		0.85	%		2.89	%
B		12.16		0.26			0.57			0.83			(0.25	)		(0.52	)		(0.77	)		12.22		7.35			72,383		1.67			1.60			2.14
C		12.15		0.26			0.57			0.83			(0.25	)		(0.52	)		(0.77	)		12.21		7.36			678,916		1.60			1.60			2.16
I		12.34		0.37			0.59			0.96			(0.34	)		(0.52	)		(0.86	)		12.44		8.45			300,497		0.64			0.60			3.19
R3		12.23		0.30			0.59			0.89			(0.29	)		(0.52	)		(0.81	)		12.31		7.83			65,208		1.22			1.20			2.70
R4		12.28		0.34			0.58			0.92			(0.31	)		(0.52	)		(0.83	)		12.37		8.14			25,566		0.92			0.90			2.93
R5		12.31		0.36			0.61			0.97			(0.34	)		(0.52	)		(0.86	)		12.42		8.55			14,764		0.63			0.60			3.69
Y		12.33		0.39			0.59			0.98			(0.35	)		(0.52	)		(0.87	)		12.44		8.63			299,096		0.51			0.51			3.37

See Portfolio Turnover information on the next page.

30

The Hartford Inflation Plus Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss)  to Average Net Assets
For the Year Ended October 31, 2010
A	$	11.39	$	0.17	$	0.96	$	1.13	$	(0.18	)	$	(0.07	)	$	(0.25	)	$	12.27		10.06	%	$	822,952		0.92	%		0.90	%		1.52	%
B		11.30		0.09		0.95		1.04		(0.11	)		(0.07	)		(0.18	)		12.16		9.28			103,313		1.71			1.65			0.77
C		11.29		0.08		0.96		1.04		(0.11	)		(0.07	)		(0.18	)		12.15		9.28			674,801		1.65			1.65			0.75
I		11.45		0.20		0.96		1.16		(0.20	)		(0.07	)		(0.27	)		12.34		10.32			243,916		0.71			0.65			1.74
R3		11.36		0.12		0.96		1.08		(0.14	)		(0.07	)		(0.21	)		12.23		9.67			33,638		1.29			1.25			1.09
R4		11.40		0.15		0.97		1.12		(0.17	)		(0.07	)		(0.24	)		12.28		9.97			14,398		0.98			0.97			1.35
R5		11.42		0.18		0.98		1.16		(0.20	)		(0.07	)		(0.27	)		12.31		10.30			2,878		0.68			0.67			1.60
Y		11.43		0.21		0.97		1.18		(0.21	)		(0.07	)		(0.28	)		12.33		10.49			318,524		0.57			0.57			1.88

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method. (E) Class L was merged into Class A on August 5, 2011.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		108	%
For the Year Ended October 31, 2013		82
For the Year Ended October 31, 2012		102
For the Year Ended October 31, 2011		232
For the Year Ended October 31, 2010		322

31

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Inflation Plus Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Inflation Plus Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

32

The Hartford Inflation Plus Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

33

The Hartford Inflation Plus Fund

Directors and Officers (Unaudited) – (continued) 

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

34

The Hartford Inflation Plus Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

35

The Hartford Inflation Plus Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

36

The Hartford Inflation Plus Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid  during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,000.60	$	4.29	$	1,000.00	$	1,020.92	$	4.33		0.85	%		184		365
Class B	$	1,000.00	$	995.90	$	8.05	$	1,000.00	$	1,017.14	$	8.13		1.60			184		365
Class C	$	1,000.00	$	996.80	$	8.05	$	1,000.00	$	1,017.14	$	8.13		1.60			184		365
Class I	$	1,000.00	$	1,002.10	$	3.03	$	1,000.00	$	1,022.18	$	3.06		0.60			184		365
Class R3	$	1,000.00	$	998.80	$	6.05	$	1,000.00	$	1,019.16	$	6.11		1.20			184		365
Class R4	$	1,000.00	$	999.50	$	4.54	$	1,000.00	$	1,020.67	$	4.58		0.90			184		365
Class R5	$	1,000.00	$	1,002.10	$	3.03	$	1,000.00	$	1,022.18	$	3.06		0.60			184		365
Class Y	$	1,000.00	$	1,002.30	$	2.57	$	1,000.00	$	1,022.64	$	2.60		0.51			184		365

37

The Hartford Inflation Plus Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Inflation Plus Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

38

The Hartford Inflation Plus Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, its use of the Fund’s investment flexibility, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 5^th quintile of its performance universe for the 1-year period, the 3^rd quintile for the 3-year period and the 4^th quintile for the 5-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

39

The Hartford Inflation Plus Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 3^rd quintile of its expense group, while its actual management fee was in the 5^th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile. The Board noted that the Fund has an automatically renewable contractual expense cap and a permanent expense cap on each share class. These arrangements resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses. The Board also noted the decrease in the Fund’s assets.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

40

The Hartford Inflation Plus Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

41

The Hartford Inflation Plus Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early). These risks also apply to the Fund’s investments in U.S. government securities, which may not be guaranteed by the U.S. government.

Inflation Protected Securities Risk: The market for inflation protected securities may be less developed or liquid, and more volatile, than other securities markets.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool.

Foreign Investment and Sovereign Debt Risk: Investments in foreign investments and sovereign debt can be riskier than U.S. investments. Potential risks include currency risk that may result from unfavorable exchange rates, liquidity risk if decreased demand for a security makes it difficult to sell at the desired price, risks that stem from substantially lower trading volume on foreign markets, and default risk.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

42

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible:
a) management;
b) use; and
c) protection;
of Personal Information.

This notice describes how we collect, disclose, and protect Personal Information.

We collect Personal Information to:
a) service your Transactions with us; and
b) support our business functions.

We may obtain Personal Information from:
a) You;
b) your Transactions with us; and
c) third parties such as a consumer-reporting agency.

Based on the type of product or service You apply for or get from us, Personal Information such as:
a) your name;
b) your address;
c) your income;
d) your payment; or
e) your credit history;
may be gathered from sources such as applications, Transactions, and consumer reports.

To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:
a) our insurance companies;
b) our employee agents;
c) our brokerage firms; and
d) our administrators.

As allowed by law, we may share Personal Financial Information with our affiliates to:
a) market our products; or
b) market our services;
to You without providing You with an option to prevent these disclosures. We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:
a) independent agents;
b) brokerage firms;
c) insurance companies;
d) administrators; and
e) service providers;
who help us serve You and service our business.

When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:
a) taking surveys;
b) marketing our products or services; or
c) offering financial products or services under a joint agreement between us and one or more financial institutions.

We, and third parties we partner with, may track some of the pages You visit through the use of:
a) cookies;
b) pixel tagging; or
c) other technologies;
and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.

We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:
a) “opt-out;” or
b) “opt-in;”
as required by law.

We only disclose Personal Health Information with:
a) your proper written authorization; or
b) as otherwise allowed or required by law.

Our employees have access to Personal Information in the course of doing their jobs, such as:
a) underwriting policies;
b) paying claims;
c) developing new products; or
d) advising customers of our products and services.

We use manual and electronic security procedures to maintain:
a) the confidentiality; and
b) the integrity of;
Personal Information that we have. We use these procedures to guard against unauthorized access.

Some techniques we use to protect Personal Information include:
a) secured files;
b) user authentication;
c) encryption;
d) firewall technology; and
e) the use of detection software.

We are responsible for and must:
a) identify information to be protected;
b) provide an adequate level of protection for that data;
c) grant access to protected data only to those people who must use it in the performance of their job-related duties.

Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.

At the start of our business relationship, we will give You a copy of our current Privacy Policy.

We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.

We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us. As used in this Privacy Notice:

Application means your request for our product or service.

Personal Financial Information means financial information such as:
a) credit history;
b) income;
c) financial benefits; or
d) policy or claim information.

Personal Health Information means health information such as:
a) your medical records; or
b) information about your illness, disability or injury.

Personal Information means information that identifies You personally and is not otherwise available to the public.
It includes:
a) Personal Financial Information; and
b) Personal Health Information.

Transaction means your business dealings with us, such as:
a) your Application;
b) your request for us to pay a claim; and
c) your request for us to take an action on your account.

You means an individual who has given us Personal Information in conjunction with:
a) asking about;
b) applying for; or
c) obtaining;
a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

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MFAR-IP14 12/14 113986-3 Printed in U.S.A.

HARTFORDFUNDS

HARTFORD INTERNATIONAL
CAPITAL APPRECIATION FUND*     2014 Annual Report           *Prior to March 1, 2014, Hartford International Capital Appreciation Fund was known as The Hartford Diversified International Fund

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

Hartford International Capital Appreciation Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	15
Statement of Operations for the Year Ended October 31, 2014	16
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	17
Notes to Financial Statements	18
Financial Highlights	31
Report of Independent Registered Public Accounting Firm	33
Directors and Officers (Unaudited)	34
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	36
Quarterly Portfolio Holdings Information (Unaudited)	36
Federal Tax Information (Unaudited)	37
Expense Example (Unaudited)	38
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	39
Main Risks (Unaudited)	43

The views expressed in the Fund’s Manager Discussion under “Why did the Fund perform this way?” and “What is the outlook?” are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

Hartford International Capital Appreciation Fund inception 06/30/2008

(sub-advised by Wellington Management Company, LLP)  

Investment objective – The Fund seeks long-term capital appreciation.

Performance Overview 6/30/08 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			Since      Inception▲
International Capital Appreciation A#		0.89	%		7.30	%		0.76	%
International Capital Appreciation A##		-4.65	%		6.10	%		-0.14	%
International Capital Appreciation B#		0.10	%		6.52	%		0.04	%
International Capital Appreciation B##		-4.90	%		6.21	%		0.04	%
International Capital Appreciation C#		0.06	%		6.49	%		0.01	%
International Capital Appreciation C##		-0.94	%		6.49	%		0.01	%
International Capital Appreciation I#		1.19	%		7.71	%		1.14	%
International Capital Appreciation R3#		0.54	%		7.03	%		0.51	%
International Capital Appreciation R4#		0.90	%		7.37	%		0.81	%
International Capital Appreciation R5#		1.18	%		7.69	%		1.09	%
International Capital Appreciation Y#		1.22	%		7.72	%		1.15	%
MSCI All Country World ex USA Index		0.49	%		6.55	%		1.92	%

▲ Inception: 06/30/2008

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.  

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

MSCI All Country World ex USA Index is a broad-based, unmanaged, market capitalization weighted, total return index that measures the performance of both developed and emerging stock markets, excluding the U.S. The index is calculated to exclude companies and share classes which cannot be freely purchased by foreigners. 

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

Hartford International Capital Appreciation Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
International Capital Appreciation Class A		1.45	%		1.95	%
International Capital Appreciation Class B		2.20	%		2.64	%
International Capital Appreciation Class C		2.20	%		2.68	%
International Capital Appreciation Class I		1.20	%		1.56	%
International Capital Appreciation Class R3		1.65	%		2.25	%
International Capital Appreciation Class R4		1.35	%		1.94	%
International Capital Appreciation Class R5		1.05	%		1.63	%
International Capital Appreciation Class Y		1.00	%		1.53	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Kent M. Stahl, CFA	Gregg R. Thomas, CFA	Jean-Marc Berteaux
Senior Vice President and Director of Investments and Risk Management	Senior Vice President and Director, Risk Management	Senior Vice President and Equity Portfolio Manager
James H. Shakin, CFA	Tara Connolly Stilwell, CFA
Senior Vice President and Equity Portfolio Manager	Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of the Hartford International Capital Appreciation Fund returned 0.89%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the MSCI All Country World ex USA Index, which returned 0.49% for the same period. The Fund also outperformed the 0.35% average return of the Lipper International Multi-Cap Growth peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. Despite these positives, many market participants found ample reason to reassess their risk appetites (i.e. reduce risks), given the strong performance in recent years. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

Six of the ten sectors within the MSCI All Country World ex USA Index posted positive returns for the period. The Healthcare (+15%), Information Technology (+8%), and Utilities (+8%) sectors posted the largest gains while the Materials (-9%), Energy (-7%), and Consumer Discretionary (-3%) sectors lagged on a relative basis.

Both security selection and sector allocation, a result of our bottom-up stock selection, contributed to the Fund’s relative outperformance versus the benchmark during the period. Stock selection was strongest within the Materials, Utilities, and Telecommunication Services sectors. This was partially offset by weaker selection in the Financials and Industrials sectors. The benefit of being overweight the Information Technology sector and underweight the lagging Energy sector was partially offset by an overweight to the Consumer Discretionary sector. On a regional basis, an underweight allocation to North America detracted as the U.S. outperformed over the period. However, this was more than offset by strong security selection in Japan and emerging markets.

Top contributors to relative performance during the period included Huabao International (Materials), Ono Pharmaceuticals (Healthcare), and WuXi PharmaTech (Healthcare). Shares of Huabao International, China’s leading producer of tobacco flavors and reconstituted tobacco leaves products, rose as the company posted solid earnings and investor concerns around short-seller accusations in 2011 dissipated. Ono Pharmaceuticals, a Japan-based pharmaceutical firm, is directly leveraged to the future success of

3

Hartford International Capital Appreciation Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Bristol-Myers Squibb's immuno-oncology pipeline drug Nivolumab. Ono has marketing rights in Japan and Asia, and owns royalty rights on Bristol's sales in the rest of the world. Ono’s shares have benefitted from enthusiasm building around Nivolumab as clinical data point to its potential in multiple tumor types. WuXi PharmaTech, a China-based provider of research and development outsourcing laboratory services, saw shares rise as the company experienced acceleration in growth due to improvements in U.S. laboratory service demand and improved traction in China. WuXi also reported strong second quarter 2014 results with sales exceeding consensus estimates. Top contributors to absolute performance also included AstraZeneca (Healthcare) and Teva Pharmaceuticals (Healthcare).

The largest detractors from absolute and relative performance were Vallourec (Industrials), Trican Well Services (Energy), and Renault (Consumer Discretionary). Shares of Vallourec, an industrial machinery company primarily focused on serving the energy/powergen market, fell on news that its largest single customer, Petrobras, changed its focus from exploration to production resulting in a significant decrease in the firm’s inventory of and demand for Vallourec tubes. Shares of Trican Well Services, a North American supplier of pressure pumping services to the oil and gas industry, fell during the period despite beating consensus earnings and revenue estimates; the stock price fell along with the broader sector as energy was the worst performing sector in the benchmark. Renault, a France-based automobile manufacturer, saw shares fall after an announcement of an agreement with Fiat under which Renault will supply Fiat with light commercial vehicles, a move investors viewed unfavorably.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We believe the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. After three years of fiscal consolidation it appears that the U.S. expansion will no longer require support of the Fed and policy tightening appears to be on the horizon. Europe is adding layer after layer of central bank accommodation while Japan contemplates extending its quantitative easing program. In the meantime, China continues to use targeted easing measures to maintain growth. We believe that the combined effects of these policy actions will be the primary market driver in coming months.

The Fund ended the period most overweight the Industrials, Consumer Discretionary, and Information Technology sectors and most underweight the Financials, Energy, and Consumer Staples sectors, relative to its benchmark. On a regional basis, the Fund was most overweight Japan and most underweight North America.

Diversification by Sector
as of October 31, 2014
Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		16.4	%
Consumer Staples		6.7
Energy		3.2
Financials		16.4
Health Care		10.6
Industrials		16.2
Information Technology		11.6
Materials		9.1
Services		3.1
Utilities		2.9
Total		96.2	%
Short-Term Investments		4.0
Other Assets and Liabilities		(0.2	)
Total		100.0	%

A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

Hartford International Capital Appreciation Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 95.4%
		Argentina - 0.5%
	1	Banco Macro S.A. ‡	$	37
	3	Empresa Distribuidora y Comercializadora Norte S.A ●		33
	2	Grupo Financiero Galicia S.A.		30
	1	YPF Sociedad Anonima ADR		35
				135
		Australia - 3.5%
	84	AJ Lucas Group Ltd. ●		53
	97	Alumina Ltd. ●		141
	16	Aquarius Platinum Ltd. ●		4
	6	Austbrokers Holdings Ltd.		51
	9	Challenger Financial Services Group Ltd. ☼		54
	27	Dick Smith Holdings Ltd.		52
	2	Domino's Pizza Enterprises Ltd.		52
	4	Energy Resources of Australia Ltd. ●		5
	21	Federation Centres		51
	16	ING Office Fund REIT		52
	20	Karoon Gas Australia Ltd. ●☼		52
	42	National Storage REIT ●		52
	11	NuFarm Ltd.		50
	34	Orora Ltd.		52
	25	Qantas Airways Ltd. ●		38
	29	Resolute Mining Ltd. ●		8
	4	Seek Ltd.		54
	61	Spotless Group Holdings Ltd. ●		104
	13	Treasury Wine Estates Ltd.		51
	14	Western Areas Ltd. ☼		53
				1,029
		Austria - 0.0%
	1	Zumtobel Group AG		10
		Belgium - 1.8%
	1	Ageas		40
	5	Agfa Gevaert N.V. ●		12
	3	Anheuser-Busch InBev N.V.		359
	—	Delhaize-Le Lion S.A.		18
	1	UCB S.A.		100
				529
		Brazil - 1.3%
	4	BB Seguridade Participacoes		47
	3	Cia Brasileira de Meios de Pagamentos		52
	—	HRT Participacoes em Petroleo S.A. ●		2
	4	Itau Unibanco Banco Multiplo S.A. ADR		56
	7	Kroton Educacional S.A.		47
	1	Linx S.A.		25
	4	Petroleo Brasileiro S.A. ADR		47
	5	Raia Drogasil S.A.		45
	2	Smiles S.A.		38
	2	Valid Solucoes S.A.		37
				396
		Canada - 2.6%
	5	Alimentation Couche-Tard, Inc.		186
	2	Barrick Gold Corp.		21
	8	CAE, Inc.		106
	4	Centerra Gold, Inc.		14
	4	Eldorado Gold Corp.		20
	1	EnCana Corp.		22
	9	Kinross Gold Corp. ●		20
	3	Legacy Oil + Gas, Inc. ●		12
	3	Methanex Corp.		165
	2	Northern Dynasty Minerals Ltd. ●		1
	2	Painted Pony Petroleum Ltd. ●		15
	2	Talisman Energy, Inc.		15
	16	Trican Well Service Ltd.		147
	4	Uranium Participation Corp. ●		16
				760
		Cayman Islands - 0.2%
	45	HC International, Inc. ●		55
		China - 8.0%
	6	21Vianet Group, Inc. ADR ●		135
	78	Air China Ltd.		51
	1	Alibaba Group Holding Ltd. ●		85
	146	AMVIG Holdings Ltd.		69
	—	Baidu, Inc. ADR ●		104
	7	ChinaCache International Holdings Ltd. ADR ●		70
	46	Daphne International Holdings Ltd.		23
	57	Dongfeng Motor Group Co., Ltd.		88
	12	E-House China Holdings Ltd.		120
	14	ENN Energy Holdings Ltd.		88
	391	Greatview Aseptic Packaging Co., Ltd.		256
	67	Guangdong Investment Ltd.		88
	106	Huabao International Holdings Ltd.		76
	120	Huadian Fuxin Energy Corp., Ltd.		69
	158	Intime Retail Group Co., Ltd.		137
	39	Kingboard Laminates Holdings Ltd. ●		16
	29	Mandarin Oriental International Ltd.		51
	311	Maoye International Holdings		48
	1	NetEase, Inc. ADR		102
	6	New Oriental Education & Technology Group, Inc. ADR ●		122
	24	New World Department Store China		9
	1	NQ Mobile, Inc. ADR ●		6
	43	PetroChina Co., Ltd.		54
	9	Phoenix New Media Ltd. ADR ●		94
	8	Ping An Insurance (Group) Co.		62
	3	Sinovac Biotech Ltd. ●		14
	31	Sunny Optical Technology Group		51
	7	WuXi PharmaTech Cayman, Inc. ●		274
				2,362
		Colombia - 0.1%
	3	Pacific Rubiales Energy Corp.		40
		Denmark - 1.4%
	9	DSV AS		280
	7	H. Lundbeck A/S		145
				425
		Finland - 1.0%
	4	Kone Oyj Class B		193
	2	Sampo Oyj Class A		95
				288
		France - 9.5%
	1	Air Liquide		168
	—	Alten Ltd.		19
	1	BNP Paribas		49
	3	Bureau Veritas S.A.		63
	1	Capital Gemini S.A.		48
	3	Cie Generale d'Optique Essilor International S.A.		306
	1	Compagnie De Saint-Gobain		58
	—	Devoteam S.A.		4

The accompanying notes are an integral part of these financial statements.

5

Hartford International Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 95.4% - (continued)
		France - 9.5% - (continued)
	9	Edenred	$	239
	2	GDF Suez		56
	1	GFI Informatique S.A.		3
	1	Groupe Steria SCA		23
	—	Lafarge S.A.		25
	3	Legrand S.A.		168
	1	L'Oreal S.A.		118
	1	Metropole Television S.A.		20
	8	Orange S.A.		134
	1	Pernod-Ricard S.A.		150
	3	Peugeot S.A. ●		38
	3	Renault S.A.		190
	3	Rexel S.A.		56
	—	S.p.A.Group S.A. ‡		10
	1	Saft Groupe S.A.		16
	2	Sanofi-Aventis S.A.		172
	1	Schneider Electric S.A.		110
	1	Societe Generale Class A		37
	1	Thales S.A.		35
	1	Total S.A.		86
	1	Unibail Rodamco REIT		131
	1	Valeo S.A.		153
	4	Vallourec S.A.		152
				2,837
		Germany - 3.4%
	1	Bayer AG		184
	—	Bertrandt AG		27
	3	Brenntag AG		163
	2	Deutsche Lufthansa AG		29
	2	E.On SE		29
	1	Gerry Weber International AG		28
	1	Hamburger Hafen und Logistik		15
	1	Hugo Boss AG		109
	13	Infineon Technologies AG		123
	—	Koenig & Bauer AG ●		4
	2	Kontron AG ●		10
	1	Norma Group SE		36
	1	Osram Licht AG ●		22
	1	Rheinmetall AG		34
	1	RWE AG		31
	1	Salzgitter AG		22
	1	Suedzucker AG		16
	6	Tom Tailor Holding AG ●		80
	1	United Internet AG		49
				1,011
		Greece - 0.3%
	106	Alpha Bank A.E. ●		69
	11	Piraeus Bank S.A. ●		16
				85
		Hong Kong - 4.1%
	9	AAC Technologies Holdings, Inc.		53
	12	AIA Group Ltd.		65
	39	Baoxin Automotive Group Ltd.		30
	15	CafT de Coral Holdings Ltd.		52
	80	China High Precision Automation Group Ltd. ⌂●†		—
	107	China Lesso Group Holdings Ltd.		56
	8	China Merchants Holdings International Co., Ltd.		25
	124	China Resources Cement		84
	26	China Resources Gas Group LT		75
	32	China Resources Land Ltd.		75
	6	Clear Media Ltd.		6
	2	Dah Sing Financial Group		13
	40	Esprit Holdings Ltd.		50
	234	Global Brands Group Holding Ltd. ●		52
	525	G-Resources Group Ltd. ●		13
	1	Lifestyle Properties Development Ltd. ●		—
	39	MGM China Holdings Ltd.		126
	104	Pacific Basin Ship		50
	17	Samsonite International S.A.		55
	11	Sands China Ltd.		68
	19	Shanghai Industrial Holdings Ltd.		58
	17	Techtronic Industries Co., Ltd.		53
	51	Towngas China Co., Ltd.		53
	216	Trinity Ltd.		52
	106	Xingda International Holdings		37
	48	Xinyi Glass Holdings Co., Ltd.		28
				1,229
		Hungary - 0.1%
	12	Magyar Tavkozlesi Rt ●		16
	1	OTP Bank plc ●		17
				33
		India - 0.6%
	5	Allahabad Bank Ltd.		10
	2	Canara Bank Ltd.		13
	1	Corp. Bank		8
	2	ICICI Bank Ltd.		104
	31	Manappuram Finance Ltd.		16
	6	NTPC Ltd.		15
				166
		Ireland - 0.6%
	5	AER Lingus Group plc		9
	176	Bank of Ireland ●		69
	5	CRH plc		114
				192
		Israel - 0.8%
	4	Teva Pharmaceutical Industries Ltd. ADR		228
		Italy - 1.7%
	8	Assicurazioni Generali S.p.A.		156
	1	Banca Popolare dell-Emilia Romagna Scrl ●		10
	2	Buzzi Unicem S.p.A.		27
	1	DiaSorin S.p.A.		41
	3	Eni S.p.A.		64
	30	Intesa Sanpaolo S.p.A.		87
	17	UniCredit S.p.A.		120
				505
		Japan - 19.0%
	1	Adastria Holdings Co., Ltd.		23
	1	AEON Delight Co., Ltd.		15
	4	AEON Mall Co., Ltd.		72
	2	Aichi Steel Corp.		7
	2	Aisan Industry Co., Ltd.		14
	2	Aisin Seiki Co., Ltd.		59
	—	Alpha Systems, Inc.		3
	6	Anritsu Corp.		46
	1	Avex, Inc.		12
	6	Bridgestone Corp. ☼		188
	2	Canon, Inc.		46
	1	Cawachi Ltd.		14
	1	Chubu Steel Plate Co., Ltd.		5

The accompanying notes are an integral part of these financial statements.

6

Hartford International Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 95.4% - (continued)
		Japan - 19.0% - (continued)
	1	CMIC Holdings Co., Ltd.	$	12
	2	Dai-ichi Life Insurance Co., Ltd.		32
	1	Daiichi Sankyo Co., Ltd.		20
	1	Dai-Ichi Seiko Co., Ltd.		13
	2	DeNa Co., Ltd.		19
	2	Denso Corp.		107
	4	DMG Mori Seiki Co., Ltd.		49
	3	Eighteenth (The) Bank Ltd.		8
	1	Eisai Co., Ltd.		43
	1	En-Japan, Inc.		14
	1	Exedy Corp.		20
	1	Fuji Heavy Industries Ltd.		40
	2	Fuji Machine Manufacturing Co.		14
	1	Fujimi, Inc.		16
	8	Fujitsu Ltd.		49
	2	Funai Electric Co., Ltd.		20
	1	Futaba Corp.		9
	1	Gendai Agency, Inc.		4
	2	Gree, Inc.		16
	3	Higashi-Nippon Bank Ltd.		8
	1	Hisaka Works Ltd.		9
	2	Hitachi Chemical Co., Ltd.		37
	11	Hitachi Ltd.		86
	2	Hitachi Metals Ltd.		28
	3	Honda Motor Co., Ltd.		107
	2	Honeys Co., Ltd.		15
	3	Hosiden Corp.		17
	6	Inpex Corp.		78
	3	Isuzu Motors Ltd.		38
	1	Itochu Techno-Solutions Corp.		28
	—	Japan Digital Laboratory Co., Ltd.		7
	7	Japan Display, Inc. ●		22
	1	Japan Petroleum Exploration Co., Ltd.		23
	7	Japan Steel Works Ltd. ☼		25
	2	JSR Corp.		31
	4	KDDI Corp.		240
	2	Keihin Corp.		23
	5	Kubota Corp.		85
	1	Kuroda Electric Co., Ltd. ☼		14
	8	Kyushu Electric Power Co., Inc. ●		81
	13	Leopalace21 Corp. ●		79
	7	Makino Milling Machine Co.		50
	1	Maruichi Steel Tube Ltd.		14
	1	Melco Holdings, Inc.		11
	2	Mimasu Semiconductor Industry Co., Ltd.		15
	1	Miraial Co., Ltd.		14
	2	Mitsubishi Estate Co., Ltd.		61
	9	Mitsubishi Gas Chemical Co.		54
	28	Mitsubishi Materials Corp.		88
	60	Mitsubishi UFJ Financial Group, Inc.		350
	15	Mitsubishi UFJ Lease & Finance Co., Ltd.		78
	11	Mitsui Chemicals, Inc.		32
	12	Mitsui O.S.K. Lines Ltd.		39
	2	Mitsumi Electric Co., Ltd.		10
	1	Moshi Moshi Hotline, Inc.		12
	63	NEC Corp. ☼		221
	2	Net One Systems Co., Ltd.		14
	1	Neturen Co., Ltd.		5
	3	Nichicon Corp.		21
	—	Nintendo Co., Ltd.		22
	2	Nippon Telegraph & Telephone Corp.		147
	6	Nippon Television Network Corp.		85
	2	Nishimatsuya Chain Co., Ltd.		20
	1	Nitto Denko Corp.		32
	1	NSD Co., Ltd.		9
	1	OBIC Co., Ltd.		45
	3	Oita Bank Ltd.		11
	3	Ono Pharmaceutical Co., Ltd. ☼		285
	1	Pal Co., Ltd.		22
	1	Proto Corp.		10
	8	Rakuten, Inc.		96
	1	Recruit Holdings Co., Ltd. ●		23
	1	Rohm Co., Ltd.		37
	7	SCREEN Holdings Co., Ltd.		38
	—	Shimamura Co., Ltd.		18
	2	Shinkawa Ltd. ●		9
	4	Shinko Electric Industries Co., Ltd.		23
	29	Shinsei Bank Ltd.		65
	1	SoftBank Corp.		44
	5	Sony Financial Holdings, Inc.		76
	7	Sumitomo Bakelite Co., Ltd.		28
	1	Sumitomo Mitsui Financial Group, Inc.		53
	2	Sumitomo Riko Co., Ltd.		14
	20	T&D Holdings, Inc.		261
	50	Taiheyo Cement Corp. ☼		184
	1	Takata Corp. ☼		18
	4	Takeda Pharmaceutical Co., Ltd.		167
	3	Tochigi (The) Bank Ltd.		12
	1	Tokai Rika Co., Ltd.		25
	2	Tokio Marine Holdings, Inc.		73
	1	Tokyo Ohka Kogyo Co., Ltd.		33
	1	Tokyo Seimitsu Co., Ltd.		23
	3	Tokyo Steel Manufacturing Co., Ltd.		18
	1	Topre Corp.		16
	23	Toshiba Corp.		101
	5	Toshiba Machine Co., Ltd.		20
	2	Toyoda Gosei Co., Ltd.		35
	2	Toyota Boshoku Corp.		28
	2	Toyota Industries Corp.		77
	—	Tri-Stage, Inc.		5
	3	TS Technology Co., Ltd.		70
	2	Ushio, Inc.		23
	1	XEBIO Co., Ltd.		19
	2	Yamanashi (The) Chuo Bank Ltd.		9
	1	Yamato Kogyo Co.		26
	2	Yodogawa Steel Works Ltd.		8
	—	Zuken, Inc.		4
				5,646
		Jersey - 0.4%
	24	Glencore plc		123
		Luxembourg - 0.1%
	1	Oriflame Cosmetics S.A. ADR		17
		Malaysia - 1.0%
	321	AirAsia Berhad		244
	45	MY EG Services BHD		55
				299
		Mexico - 1.2%
	17	Alfa S.A.B. de C.V.		54

The accompanying notes are an integral part of these financial statements.

7

Hartford International Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 95.4% - (continued)
		Mexico - 1.2% - (continued)
	20	Compartamos S.A.B. de C.V. ●	$	45
	19	Corporacion Inmobiliaria Vesta S. de RL de C.V.		41
	17	Credito Real S.A. de C.V.		43
	3	Gruma S.A.B de C.V. ●		33
	9	Grupo Financiero Banorte S.A.B. de C.V.		59
	26	Hoteles City Express S.A.B. de C.V. ●		48
	12	OHL Mexico S.A.B. de C.V. ●		34
				357
		Netherlands - 2.8%
	1	ASML Holding N.V.		127
	2	Delta Lloyd N.V.		41
	2	Heineken N.V.		138
	18	ING Groep N.V. ●		257
	29	Koninklijke (Royal) KPN N.V.		96
	1	Koninklijke Philips N.V.		39
	1	NXP Semiconductors N.V. ●		74
	9	PostNL ●		37
	1	USG People N.V.		13
				822
		Norway - 0.1%
	5	Storebrand ASA ●		26
		Panama - 0.6%
	2	Copa Holdings S.A. Class A		188
		Portugal - 0.2%
	9	Banco Espirito Santo S.A. ⌂●†		—
	5	Galp Energia SGPS S.A.		67
				67
		Russia - 0.1%
	4	OAO Gazprom Class S ADR		29
		Singapore - 0.5%
	39	ARA Asset Management		52
	107	Biosensors International Group Ltd. ●		52
	17	Petra Foods Ltd.		52
				156
		South Africa - 0.2%
	1	Anglo American Platinum Ltd. ●		20
	4	Impala Platinum Holdings Ltd. ●		28
	8	Raubex Group Ltd.		16
				64
		South Korea - 3.2%
	1	Coway Co., Ltd.		48
	1	Doosan Corp.		71
	2	Doosan Heavy Industrions and Construction Co. ●		39
	2	Hana Financial Holdings		54
	—	Hyundai Department Store Co., Ltd.		44
	1	Hyundai Home Shopping Network Corp.		133
	—	Hyundai Motor Co., Ltd.		51
	1	KB Financial Group, Inc.		30
	1	Kia Motors Corp.		35
	2	Korea Electric Power Corp.		69
	1	Korea Telecom Corp.		34
	9	LG Telecom Ltd.		90
	—	Posco Ltd.		114
	—	Shinhan Financial Group Co., Ltd.		18
	—	SK Telecom Co., Ltd.		59
	2	Suprema, Inc. ●		47
	1	Tongyang Life Insurance		13
				949
		Spain - 0.2%
	1	Almirall S.A. ●		24
	3	Telefonica S.A.		48
				72
		Sweden - 3.7%
	5	Alfa Laval Ab		109
	4	Assa Abloy Ab		224
	7	Atlas Copco Ab		191
	1	Axis Communications Ab		32
	5	Boliden Ab		89
	7	Electrolux AB Series B		210
	5	Nordea Bank Ab		60
	3	SKF AB Class B		70
	7	Trelleborg AB		122
				1,107
		Switzerland - 5.9%
	—	Adecco S.A.		34
	—	Belimon Holding AG		35
	2	Compagnie Financiere Richemont S.A.		128
	—	Daetwyler Holding AG		6
	—	Geberit AG		126
	—	Givaudan		48
	—	Holcim Ltd.		26
	—	Inficon Holdings AG		21
	6	Julius Baer Group Ltd.		264
	—	Kuehne & Nagel International AG		41
	—	LEM Holdings S.A.		19
	—	Lindt & Spruengli AG		30
	2	Micronas Semiconductor Holding AG		13
	2	Novartis AG		228
	1	Roche Holding AG		293
	—	SGS S.A.		64
	1	Tecan Group AG		54
	18	UBS AG		311
				1,741
		Taiwan - 2.2%
	7	Advantech Co., Ltd.		51
	7	AirTac International Group		54
	1	Hermes Microvision, Inc.		53
	5	Pchome Online, Inc.		52
	7	Silergy Corp.		52
	78	Taiwan Semiconductor Manufacturing Co., Ltd.		339
	35	WPG Holdings Co., Ltd.		43
				644
		Thailand - 0.4%
	39	PTT Chemical Public Co., Ltd.		75
	16	Total Access Communication Public Co., Ltd.		50
				125
		United Kingdom - 11.5%
	2	Anglo American plc		45
	12	Arm Holdings plc		173
	10	Ashtead Group plc		165
	4	AstraZeneca plc		297
	6	BG Group plc		100
	22	Booker Group plc		50
	14	BP plc		98
	6	British American Tobacco plc		320
	9	Burberry Group plc		210

The accompanying notes are an integral part of these financial statements.

8

Hartford International Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 95.4% - (continued)
		United Kingdom - 11.5% - (continued)
	2	Catlin Group Ltd.	$	14
	8	Compass Group plc ●		124
	6	Diageo Capital plc		169
	5	Halma plc		51
	10	Hays plc ‡		21
	6	Home Retail Group		18
	11	HSBC Holdings plc		115
	11	International Consolidated Airlines Group S.A. ●		71
	2	Intertek Group plc		69
	5	J. Sainsbury plc		18
	3	Jardine Lloyd Thompson Group plc		44
	15	Kingfisher plc		73
	7	Lonmin plc ●		21
	12	National Grid plc		179
	8	Prudential plc		180
	2	Reckitt Benckiser Group plc		190
	6	SIG plc		14
	8	Smith & Nephew plc		138
	3	Spectris plc		94
	2	Spirax-Sarco Engineering plc		88
	3	Standard Chartered plc		47
	3	SuperGroup plc ●		34
	1	Victrex plc		28
	3	WH Smith plc		50
	1	Whitbread plc		48
	4	WPP plc		72
				3,428
		United States - 0.6%
	2	Home Inns & Hotels Management, Inc. ●		73
	3	Markit Ltd. ●		75
	—	Qihoo 360 Technology Co., Ltd. ●		28
				176
		Total Common Stocks
		(Cost $27,190)	$	28,351
Preferred Stocks - 0.4%
		Germany - 0.4%
	3	ProSieben Sat.1 Media AG	$	118
		Total Preferred Stocks
		(Cost $123)	$	118
Exchange Traded Funds - 0.4%
		United States - 0.4%
	2	iShares MSCI ACWI ex US ETF	$	102
	—	iShares MSCI EAFE ETF		8
				110
		Total Exchange Traded Funds
		(Cost $109)	$	110
		Total Long-Term Investments
		(Cost $27,422)	$	28,579
Short-Term Investments - 4.0%
		Repurchase Agreements - 4.0%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3, collateralized by U.S. Treasury Note 1.50%, 2019, value of $3)
$	3	0.08%, 10/31/2014	$	3
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $57, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $59)
	57	0.09%, 10/31/2014		57
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $16, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $16)
	16	0.08%, 10/31/2014		16
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $52, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $53)
	52	0.10%, 10/31/2014		52
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $197, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $201)
	197	0.08%, 10/31/2014		197
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $227, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $231)
	227	0.09%, 10/31/2014		227
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $13, collateralized by U.S. Treasury Note 0.88%, 2017, value of $13)
	13	0.13%, 10/31/2014		13
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $19, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $20)
	19	0.07%, 10/31/2014		19
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $203, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $207)
	203	0.08%, 10/31/2014		203

The accompanying notes are an integral part of these financial statements.

9

Hartford International Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Short-Term Investments - 4.0% - (continued)
		Repurchase Agreements - 4.0% - (continued)
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $393, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $401)
$	393	0.10%, 10/31/2014	$	393
				1,180
		Total Short-Term Investments
		(Cost $1,180)	$	1,180
		Total Investments

(Cost $28,602) ▲	100.2	%	$	29,759
Other Assets and Liabilities	(0.2	)%		(60	)
Total Net Assets	100.0	%	$	29,699

The accompanying notes are an integral part of these financial statements.

10

Hartford International Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $28,829 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	2,568
Unrealized Depreciation		(1,638	)
Net Unrealized Appreciation	$	930

†	These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value and percentage of net assets of these securities rounds to zero. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.
●	Non-income producing.
☼	This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $58 at October 31, 2014.
‡	This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.
⌂	The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
09/2013 - 06/2014		9	Banco Espirito Santo S.A.	$	11
09/2011 - 10/2011		80	China High Precision Automation Group Ltd.		31

The aggregate value and percentage of net assets of these securities at October 31, 2014, rounds to zero.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/06/2014

DEUT

$

7

$

7

$

–

$

–

AUD

Buy

11/03/2014

SSG

4

4

–

–

AUD

Sell

11/05/2014

UBS

47

47

–

–

CHF

Sell

11/03/2014

BMO

9

9

–

–

CHF

Sell

11/04/2014

BNY

4

4

–

–

EUR

Buy

11/03/2014

RBC

10

10

–

–

EUR

Buy

11/04/2014

WEST

5

5

–

–

GBP

Buy

11/03/2014

BMO

39

39

–

–

GBP

Buy

11/04/2014

MSC

10

10

–

–

HKD

Buy

11/04/2014

BCLY

59

59

–

–

HKD

Buy

11/03/2014

UBS

12

12

–

–

HKD

Sell

11/04/2014

BCLY

27

27

–

–

JPY

Buy

12/18/2014

BCLY

72

68

–

(4

)

JPY

Buy

11/06/2014

DEUT

3

3

–

–

JPY

Buy

11/04/2014

SSG

30

29

–

(1

)

JPY

Buy

11/05/2014

UBS

–

–

–

–

JPY

Sell

11/13/2014

DEUT

45

41

4

–

JPY

Sell

12/18/2014

MSC

72

68

4

–

The accompanying notes are an integral part of these financial statements.

11

Hartford International Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

JPY

Sell

11/04/2014

SSG

$

7

$

7

$

–

$

–

JPY

Sell

12/18/2014

UBS

79

75

4

–

MXN

Buy

11/05/2014

SSG

7

7

–

–

MYR

Buy

11/03/2014

JPM

7

7

–

–

MYR

Buy

11/05/2014

JPM

2

2

–

–

SEK

Sell

11/03/2014

UBS

2

2

–

–

SGD

Buy

11/05/2014

BCLY

19

19

–

–

Total

$

12

$

(5

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BMO	Bank of Montreal
BNY	BNY Mellon
DEUT	Deutsche Bank Securities, Inc.
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
SSG	State Street Global Markets LLC
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:
AUD	Australian Dollar
CHF	Swiss Franc
EUR	EURO
GBP	British Pound
HKD	Hong Kong Dollar
JPY	Japanese Yen
MXN	Mexican New Peso
MYR	Malaysian Ringgit
SEK	Swedish Krona
SGD	Singapore Dollar
Index Abbreviations:
ACWI	All Country World
EAFE	Europe, Australasia and Far East
MSCI	Morgan Stanley Capital International
Other Abbreviations:
ADR	American Depositary Receipt
ETF	Exchange Traded Fund
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

12

Hartford International Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Argentina	$	135	$	135	$	–	$	–
Australia		1,029		117		912		–
Austria		10		10		–		–
Belgium		529		12		517		–
Brazil		396		396		–		–
Canada		760		760		–		–
Cayman Islands		55		55		–		–
China		2,362		1,511		851		–
Colombia		40		40		–		–
Denmark		425		–		425		–
Finland		288		–		288		–
France		2,837		7		2,830		–
Germany		1,011		–		1,011		–
Greece		85		–		85		–
Hong Kong		1,229		88		1,141		–
Hungary		33		–		33		–
India		166		104		62		–
Ireland		192		9		183		–
Israel		228		228		–		–
Italy		505		–		505		–
Japan		5,646		23		5,623		–
Jersey		123		–		123		–
Luxembourg		17		–		17		–
Malaysia		299		–		299		–
Mexico		357		357		–		–
Netherlands		822		74		748		–
Norway		26		–		26		–
Panama		188		188		–		–
Portugal		67		–		67		–
Russia		29		29		–		–
Singapore		156		52		104		–
South Africa		64		16		48		–
South Korea		949		–		949		–
Spain		72		–		72		–
Sweden		1,107		–		1,107		–
Switzerland		1,741		40		1,701		–
Taiwan		644		–		644		–
Thailand		125		–		125		–
United Kingdom		3,428		78		3,350		–
United States		176		176		–		–
Total	$	28,351	$	4,505	$	23,846	$	–
Exchange Traded Funds		110		110		–		–
Preferred Stocks		118		–		118		–
Short-Term Investments		1,180		–		1,180		–
Total	$	29,759	$	4,615	$	25,144	$	–
Foreign Currency Contracts*	$	12	$	–	$	12	$	–
Total	$	12	$	–	$	12	$	–
Liabilities:
Foreign Currency Contracts*	$	5	$	–	$	5	$	–
Total	$	5	$	–	$	5	$	–

The accompanying notes are an integral part of these financial statements.

13

Hartford International Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary - (continued)

October 31, 2014

♦ For the year ended October 31, 2014, investments valued at $475 were transferred from Level 1 to Level 2, and investments valued at $508 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *		Balance as of October 31, 2014
Assets:
Common Stocks	$	10	$	6	$	(23	)†	$	—	$	10	$	(16	)	$	13	$	—	$	—
Total	$	10	$	6	$	(23	)	$	—	$	10	$	(16	)	$	13	$	—	$	—

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(23).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

14

Hartford International Capital Appreciation Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $28,602)	$	29,759
Cash		—
Foreign currency on deposit with custodian (cost $3)		3
Unrealized appreciation on foreign currency contracts		12
Receivables:
Investment securities sold		129
Fund shares sold		5
Dividends and interest		67
Other assets		52
Total assets		30,027
Liabilities:
Unrealized depreciation on foreign currency contracts		5
Payables:
Investment securities purchased		262
Fund shares redeemed		36
Investment management fees		5
Administrative fees		—
Distribution fees		1
Accrued expenses		19
Total liabilities		328
Net assets	$	29,699
Summary of Net Assets:
Capital stock and paid-in-capital	$	27,688
Undistributed net investment income		228
Accumulated net realized gain		621
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		1,162
Net assets	$	29,699
Shares authorized		525,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.92/$10.50
Shares outstanding		1,090
Net assets	$	10,810
Class B: Net asset value per share	$	9.84
Shares outstanding		92
Net assets	$	908
Class C: Net asset value per share	$	9.80
Shares outstanding		195
Net assets	$	1,910
Class I: Net asset value per share	$	9.98
Shares outstanding		184
Net assets	$	1,835
Class R3: Net asset value per share	$	9.91
Shares outstanding		127
Net assets	$	1,258
Class R4: Net asset value per share	$	9.95
Shares outstanding		116
Net assets	$	1,151
Class R5: Net asset value per share	$	9.98
Shares outstanding		107
Net assets	$	1,071
Class Y: Net asset value per share	$	9.98
Shares outstanding		1,078
Net assets	$	10,756

The accompanying notes are an integral part of these financial statements.

15

Hartford International Capital Appreciation Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	699
Interest		1
Less: Foreign tax withheld		(76	)
Total investment income		624
Expenses:
Investment management fees		275
Administrative services fees
Class R3		3
Class R4		2
Class R5		1
Transfer agent fees
Class A		21
Class B		2
Class C		4
Class I		1
Class R3		—
Class R4		—
Class Y		—
Distribution fees
Class A		28
Class B		11
Class C		21
Class R3		6
Class R4		3
Custodian fees		12
Accounting services fees		6
Registration and filing fees		89
Board of Directors' fees		1
Audit fees		29
Other expenses		15
Total expenses (before waivers and fees paid indirectly)		530
Expense waivers		(124	)
Commission recapture		(1	)
Total waivers and fees paid indirectly		(125	)
Total expenses, net		405
Net Investment Income		219
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		2,787
Net realized gain on foreign currency contracts		7
Net realized gain on other foreign currency transactions		2
Net Realized Gain on Investments and Foreign Currency Transactions		2,796
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(2,939	)
Net unrealized appreciation of foreign currency contracts		8
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(3	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(2,934	)
Net Loss on Investments and Foreign Currency Transactions		(138	)
Net Increase in Net Assets Resulting from Operations	$	81

The accompanying notes are an integral part of these financial statements.

16

Hartford International Capital Appreciation Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	219		$	337
Net realized gain on investments and foreign currency transactions		2,796			1,943
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(2,934	)		3,075
Net Increase in Net Assets Resulting from Operations		81			5,355
Distributions to Shareholders:
From net investment income
Class A		(104	)		(158	)
Class B		(1	)		(13	)
Class C		(4	)		(22	)
Class I		(17	)		(26	)
Class R3		(7	)		(17	)
Class R4		(9	)		(18	)
Class R5		(12	)		(20	)
Class Y		(121	)		(202	)
Total distributions		(275	)		(476	)
Capital Share Transactions:
Class A		(1,415	)		2,156
Class B		(486	)		69
Class C		(559	)		395
Class I		395			116
Class R3		32			68
Class R4		28			17
Class R5		12			20
Class Y		121			202
Net increase (decrease) from capital share transactions		(1,872	)		3,043
Net Increase (Decrease) in Net Assets		(2,066	)		7,922
Net Assets:
Beginning of period		31,765			23,843
End of period	$	29,699		$	31,765
Undistributed (distributions in excess of) net investment income	$	228		$	185

The accompanying notes are an integral part of these financial statements.

17

Hartford International Capital Appreciation Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for Hartford International Capital Appreciation Fund (the "Fund"), a series of the Company, are included in this report. Prior to March 1, 2014, the Fund was known as The Hartford Diversified International Fund.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

18

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a

19

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each

20

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least

21

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	12	$	—	$	—	$	—	$	—	$	12
Total	$	—	$	12	$	—	$	—	$	—	$	—	$	12
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	5	$	—	$	—	$	—	$	—	$	5
Total	$	—	$	5	$	—	$	—	$	—	$	—	$	5

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

22

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on foreign currency contracts	$	—	$	7	$	—	$	—	$	—	$	—	$	7
Total	$	—	$	7	$	—	$	—	$	—	$	—	$	7
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	8	$	—	$	—	$	—	$	—	$	8
Total	$	—	$	8	$	—	$	—	$	—	$	—	$	8

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the Futures Commission Merchant's ("FCM") custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Unrealized appreciation on foreign currency contracts	$	12	$	—	$	—	$	—	$	12
Total subject to a master netting or similar arrangement	$	12	$	—	$	—	$	—	$	12

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Pledged		Cash Collateral Pledged		Net Amount (not less than $0)
Description
Unrealized depreciation on foreign currency contracts	$	4	$	—	$	—	$	—	$	4
Total subject to a master netting or similar arrangement	$	4	$	—	$	—	$	—	$	4

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

23

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	275	$	476

24

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:

	Amount
Undistributed Ordinary Income	$	298
Undistributed Long-Term Capital Gain		786
Unrealized Appreciation*		927
Total Accumulated Earnings	$	2,011

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	99
Accumulated Net Realized Gain (Loss)		(99	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

During the year ended October 31, 2014, the Fund utilized $1,831 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for

25

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.9000%
On next $4.5 billion	0.8500%
On next $5 billion	0.8475%
Over $10 billion	0.8450%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.020%
On next $5 billion	0.015%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.45%	2.20%	2.20%	1.20%	1.65%	1.35%	1.05%	1.00%

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

26

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.44	%
Class B		2.13
Class C		2.19
Class I		1.04
Class R3		1.65
Class R4		1.35
Class R5		1.05
Class Y		1.00

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $52 and contingent deferred sales charges of zero from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

27

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class A		10	%		4	%
Class B		65			2
Class I		59			4
Class R3		82			3
Class R4		91			4
Class R5		100			4
Class Y		100			36

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	20,360	$	—	$	20,360
Sales Proceeds		22,295		—		22,295

28

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		255		10		(421	)		(156	)		365		18		(147	)		236
Amount	$	2,572	$	102	$	(4,089	)	$	(1,415	)	$	3,316	$	157	$	(1,317	)	$	2,156
Class B
Shares		2		—		(53	)		(51	)		14		1		(7	)		8
Amount	$	27	$	1	$	(514	)	$	(486	)	$	125	$	13	$	(69	)	$	69
Class C
Shares		69		1		(131	)		(61	)		60		2		(19	)		43
Amount	$	698	$	4	$	(1,261	)	$	(559	)	$	543	$	22	$	(170	)	$	395
Class I
Shares		73		2		(38	)		37			20		3		(10	)		13
Amount	$	755	$	17	$	(377	)	$	395		$	178	$	26	$	(88	)	$	116
Class R3
Shares		6		1		(4	)		3			7		2		(1	)		8
Amount	$	62	$	7	$	(37	)	$	32		$	61	$	17	$	(10	)	$	68
Class R4
Shares		3		1		(1	)		3			3		2		(3	)		2
Amount	$	26	$	9	$	(7	)	$	28		$	24	$	18	$	(25	)	$	17
Class R5
Shares		—		1		—			1			—		2		—			2
Amount	$	—	$	12	$	—		$	12		$	—	$	20	$	—		$	20
Class Y
Shares		—		12		—			12			—		24		—			24
Amount	$	—	$	121	$	—		$	121		$	—	$	202	$	—		$	202
Total
Shares		408		28		(648	)		(212	)		469		54		(187	)		336
Amount	$	4,140	$	273	$	(6,285	)	$	(1,872	)	$	4,247	$	475	$	(1,679	)	$	3,043

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		4	$	39
For the Year Ended October 31, 2013		3	$	27

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

29

Hartford International Capital Appreciation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

30

Hartford International Capital Appreciation Fund

Financial Highlights

	- Selected Per-Share Data - (A)																								- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	9.91	$	0.06		$	0.03		$	0.09		$	(0.08	)	$	–	$	(0.08	)	$	9.92		0.89	%	$	10,810		1.84	%		1.44	%		0.57	%
B		9.84		(0.02	)		0.03			0.01			(0.01	)		–		(0.01	)		9.84		0.10			908		2.53			2.13			(0.18	)
C		9.81		(0.03	)		0.04			0.01			(0.02	)		–		(0.02	)		9.80		0.06			1,910		2.59			2.19			(0.26	)
I		9.97		0.10			0.02			0.12			(0.11	)		–		(0.11	)		9.98		1.19			1,835		1.44			1.04			1.03
R3		9.91		0.05			0.01			0.06			(0.06	)		–		(0.06	)		9.91		0.54			1,258		2.12			1.65			0.44
R4		9.94		0.08			0.01			0.09			(0.08	)		–		(0.08	)		9.95		0.90			1,151		1.81			1.35			0.74
R5		9.97		0.11			0.01			0.12			(0.11	)		–		(0.11	)		9.98		1.18			1,071		1.50			1.05			1.04
Y		9.97		0.11			0.01			0.12			(0.11	)		–		(0.11	)		9.98		1.22			10,756		1.40			1.00			1.09
For the Year Ended October 31, 2013
A	$	8.31	$	0.10		$	1.66		$	1.76		$	(0.16	)	$	–	$	(0.16	)	$	9.91		21.43	%	$	12,351		1.95	%		1.41	%		1.12	%
B		8.25		0.04			1.65			1.69			(0.10	)		–		(0.10	)		9.84		20.63			1,404		2.64			2.11			0.44
C		8.23		0.04			1.64			1.68			(0.10	)		–		(0.10	)		9.81		20.64			2,514		2.68			2.15			0.39
I		8.36		0.14			1.66			1.80			(0.19	)		–		(0.19	)		9.97		21.90			1,467		1.56			1.03			1.50
R3		8.31		0.08			1.66			1.74			(0.14	)		–		(0.14	)		9.91		21.22			1,225		2.25			1.65			0.91
R4		8.33		0.11			1.67			1.78			(0.17	)		–		(0.17	)		9.94		21.62			1,122		1.94			1.35			1.21
R5		8.35		0.14			1.67			1.81			(0.19	)		–		(0.19	)		9.97		22.02			1,059		1.63			1.05			1.50
Y		8.36		0.14			1.66			1.80			(0.19	)		–		(0.19	)		9.97		21.93			10,623		1.53			1.00			1.55
For the Year Ended October 31, 2012
A	$	7.98	$	0.10		$	0.29		$	0.39		$	(0.06	)	$	–	$	(0.06	)	$	8.31		4.94	%	$	8,397		2.11	%		1.44	%		1.26	%
B		7.92		0.04			0.29			0.33			–			–		–			8.25		4.17			1,111		2.80			2.13			0.57
C		7.90		0.04			0.29			0.33			–			–		–			8.23		4.18			1,753		2.83			2.16			0.53
I		8.03		0.13			0.29			0.42			(0.09	)		–		(0.09	)		8.36		5.39			1,119		1.69			1.02			1.67
R3		7.98		0.08			0.29			0.37			(0.04	)		–		(0.04	)		8.31		4.68			963		2.39			1.65			1.05
R4		8.00		0.11			0.28			0.39			(0.06	)		–		(0.06	)		8.33		5.02			924		2.08			1.35			1.34
R5		8.03		0.13			0.28			0.41			(0.09	)		–		(0.09	)		8.35		5.23			868		1.77			1.05			1.64
Y		8.03		0.14			0.28			0.42			(0.09	)		–		(0.09	)		8.36		5.42			8,708		1.67			1.00			1.69
For the Year Ended October 31, 2011
A	$	8.46	$	0.07		$	(0.48	)	$	(0.41	)	$	(0.07	)	$	–	$	(0.07	)	$	7.98		(4.87	)%	$	8,137		2.01	%		1.41	%		0.84	%
B		8.39		0.01			(0.47	)		(0.46	)		(0.01	)		–		(0.01	)		7.92		(5.47	)		1,141		2.72			2.12			0.14
C		8.39		0.01			(0.48	)		(0.47	)		(0.02	)		–		(0.02	)		7.90		(5.67	)		1,513		2.75			2.15			0.13
I		8.50		0.11			(0.48	)		(0.37	)		(0.10	)		–		(0.10	)		8.03		(4.43	)		941		1.61			1.01			1.26
R3		8.46		0.05			(0.48	)		(0.43	)		(0.05	)		–		(0.05	)		7.98		(5.10	)		890		2.31			1.65			0.60
R4		8.48		0.08			(0.49	)		(0.41	)		(0.07	)		–		(0.07	)		8.00		(4.87	)		859		2.01			1.35			0.91
R5		8.49		0.10			(0.47	)		(0.37	)		(0.09	)		–		(0.09	)		8.03		(4.40	)		824		1.70			1.05			1.21
Y		8.50		0.11			(0.48	)		(0.37	)		(0.10	)		–		(0.10	)		8.03		(4.44	)		8,264		1.60			1.00			1.26

See Portfolio Turnover information on the next page.

31

Hartford International Capital Appreciation Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	7.35	$	0.05		$	1.14	$	1.19	$	(0.08	)	$	–	$	(0.08	)	$	8.46		16.31	%	$	8,005		2.29	%		1.58	%		0.58	%
B		7.31		(0.01	)		1.13		1.12		(0.04	)		–		(0.04	)		8.39		15.36			1,177		3.01			2.32			(0.18	)
C		7.31		(0.01	)		1.13		1.12		(0.04	)		–		(0.04	)		8.39		15.43			1,452		3.05			2.33			(0.20	)
I		7.38		0.07			1.15		1.22		(0.10	)		–		(0.10	)		8.50		16.69			880		1.90			1.21			0.90
R3		7.35		0.02			1.15		1.17		(0.06	)		–		(0.06	)		8.46		16.02			906		2.59			1.81			0.30
R4		7.36		0.04			1.16		1.20		(0.08	)		–		(0.08	)		8.48		16.38			877		2.29			1.55			0.57
R5		7.37		0.06			1.15		1.21		(0.09	)		–		(0.09	)		8.49		16.61			863		1.99			1.28			0.83
Y		7.38		0.07			1.15		1.22		(0.10	)		–		(0.10	)		8.50		16.69			8,650		1.89			1.20			0.92

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		69	%
For the Year Ended October 31, 2013		106
For the Year Ended October 31, 2012		85
For the Year Ended October 31, 2011		89
For the Year Ended October 31, 2010		155

32

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Hartford International Capital Appreciation Fund (formerly The Hartford Diversified International Fund) (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Hartford International Capital Appreciation Fund (formerly The Hartford Diversified International Fund) of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

33

Hartford International Capital Appreciation Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

34

Hartford International Capital Appreciation Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

35

Hartford International Capital Appreciation Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

36

Hartford International Capital Appreciation Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

37

Hartford International Capital Appreciation Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	966.90	$	7.19	$	1,000.00	$	1,017.90	$	7.37		1.45	%	184	365
Class B	$	1,000.00	$	963.80	$	10.58	$	1,000.00	$	1,014.43	$	10.85		2.14		184	365
Class C	$	1,000.00	$	962.70	$	10.88	$	1,000.00	$	1,014.12	$	11.17		2.20		184	365
Class I	$	1,000.00	$	968.90	$	5.21	$	1,000.00	$	1,019.91	$	5.35		1.05		184	365
Class R3	$	1,000.00	$	964.90	$	8.17	$	1,000.00	$	1,016.89	$	8.39		1.65		184	365
Class R4	$	1,000.00	$	967.90	$	6.69	$	1,000.00	$	1,018.40	$	6.87		1.35		184	365
Class R5	$	1,000.00	$	968.90	$	5.21	$	1,000.00	$	1,019.91	$	5.34		1.05		184	365
Class Y	$	1,000.00	$	968.90	$	4.96	$	1,000.00	$	1,020.17	$	5.09		1.00		184	365

38

Hartford International Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for Hartford International Capital Appreciation Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

39

Hartford International Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods. The Board further noted recent changes to the Fund’s portfolio management team.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

40

Hartford International Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 3^rd quintile of its expense group, while its actual management fee was in the 1^st quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

41

Hartford International Capital Appreciation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

42

Hartford International Capital Appreciation Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss. The investment styles employed by the portfolio managers may not be complimentary, which could adversely affect the performance of the Fund.

Small/Mid-Cap Stock Risk: Small- and mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

43

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services. 

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-ICA14 12/14 113969-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD
INTERNATIONAL GROWTH FUND     2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford International Growth Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	9
Statement of Operations for the Year Ended October 31, 2014	10
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	11
Notes to Financial Statements	12
Financial Highlights	24
Report of Independent Registered Public Accounting Firm	26
Directors and Officers (Unaudited)	27
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	29
Quarterly Portfolio Holdings Information (Unaudited)	29
Federal Tax Information (Unaudited)	30
Expense Example (Unaudited)	31
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	32
Main Risks (Unaudited)	36

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford International Growth Fund inception 04/30/2001

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks capital appreciation.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary form what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
International Growth A#		4.52	%		10.36	%		3.81	%
International Growth A##		-1.23	%		9.12	%		3.22	%
International Growth B#		3.74	%		9.55	%		3.22	%*
International Growth B##		-1.26	%		9.27	%		3.22	%*
International Growth C#		3.65	%		9.54	%		3.03	%
International Growth C##		2.65	%		9.54	%		3.03	%
International Growth I#		4.94	%		10.74	%		4.11	%
International Growth R3#		4.40	%		10.24	%		3.73	%
International Growth R4#		4.68	%		10.61	%		4.01	%
International Growth R5#		4.99	%		10.94	%		4.26	%
International Growth Y#		5.10	%		11.02	%		4.35	%
MSCI All Country World ex USA Growth Index		1.01	%		7.14	%		7.12	%
MSCI EAFE Growth Index		-0.25	%		7.76	%		6.57	%

#	Without sales charge
##	With sales charge
*	Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments.

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares which had different operating expenses.

MSCI All Country World ex USA Growth Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of both developed and emerging stock markets, excluding the U.S., of the growth securities within the MSCI All Country World ex USA Index.

MSCI EAFE Growth Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance (excluding the U.S. and Canada) of the growth securities within the MSCI EAFE Index.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford International Growth Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
International Growth Class A		1.55	%		1.65	%
International Growth Class B		2.30	%		2.66	%
International Growth Class C		2.30	%		2.35	%
International Growth Class I		1.24	%		1.24	%
International Growth Class R3		1.60	%		1.83	%
International Growth Class R4		1.30	%		1.45	%
International Growth Class R5		1.00	%		1.15	%
International Growth Class Y		0.95	%		1.02	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014. 

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Managers
Jean-Marc Berteaux	John A. Boselli, CFA
Senior Vice President and Equity Portfolio Manager	Senior Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford International Growth Fundreturned 4.52%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming its benchmarks, the MSCI All Country World ex USA Growth Index and the MSCI EAFE Growth Index, which returned 1.01% and -0.25%, respectively, for the same period. The Fund outperformed the 0.35% average return of the International Multi-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

Six of the ten sectors in the MSCI All Country World ex USA Growth Index rose during the period. Within the Index, the Healthcare (+16%), Information Technology (+7%), and Utilities (+4%) sectors gained the most during the period. Energy (-11%), Materials (-6%), and Industrials (-2%) lagged on a relative basis.

The Fund’s outperformance relative to the MSCI All Country World ex USA Growth Index was primarily the result of strong security selection. Positive stock selection within Healthcare, Information Technology, and Consumer Discretionary more than offset weak security selection within Energy and Industrials. Sector allocation, a residual of bottom-up stock selection, also contributed to benchmark-relative performance over the period. The Fund’s overweight exposure to the Healthcare sector and underweight exposure to the Energy sector contributed to relative results, while an underweight to the Consumer Staples sector and an overweight to the Consumer Discretionary sector detracted from relative returns over the period.

Ono Pharmaceutical (Healthcare), Ashtead Group (Industrials), and Teva Pharmaceutical Industries (Healthcare) were the top contributors to performance relative to the MSCI All Country World ex USA Growth Index during the period. Shares of Ono Pharmaceutical, a Japanese pharmaceutical company, performed well over the period due to reporting earnings that were above consensus, production growth, and rising cash flow margins. Ashtead Group, a UK-based equipment rental company that rents equipment for non-residential construction purposes in the U.S., contributed to relative returns as the company handily beat consensus earnings expectations due to improved capacity utilization and market share gains, which expanded margins. Shares of Teva Pharmaceutical Industries, an Israel-based global pharmaceutical company specializing in generic formulations, rose during the period due to the company receiving FDA approval for a version of Copaxone, a drug used to treat multiple sclerosis. Largan Precision (Information Technology) and WuXi Pharmatech

3

The Hartford International Growth Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

(Healthcare) contributed to relative performance during the period as well.

Top detractors from both absolute performance and performance relative to the MSCI All Country World ex USA Growth Index during the period were Vallourec (Industrials), Trican Well Service (Energy), and Renault (Consumer Discretionary). Shares of Vallourec, an industrial machinery company based in France that specializes in serving the energy and power generation market, underperformed after its largest single customer, Petrobras, changed its focus from exploration to production resulting in a significant destocking of Vallourec tubes. Shares of Trican Well Service, a Canada-based supplier of pressure-pumping services to the oil and gas industry, declined during the period despite beating consensus earnings and revenue estimates. The stock price fell along with the broader energy sector which performed poorly over the period. Shares of Renault, an automobile manufacturer based in France, fell as free cash flow results in the first half of 2014 disappointed and pricing was below estimates although the operating profit met expectations driven by cost savings.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period,

What is the outlook?

Geographically, at the end of the period the Fund remained overweight relative to the MSCI All Country World ex USA Growth Index in its exposure to Europe with the majority of our European stocks being domiciled in the U.K. We believe many companies have global end markets and/or benefit from secular growth trends, such as AstraZeneca (immuno-oncology) or the Fund’s U.K.-based tobacco companies, semi-conductor company ARM Holdings, and luxury clothing maker Burberry. Within emerging markets, Fund holdings were focused in Chinese and Taiwanese companies benefiting either from domestic or global growth trends, such as semiconductor company Taiwan Semi, internet company Tencent, AAC Technologies which makes miniature acoustic components for Apple products, or contract drug manufacturer WuXi Pharmatech. In Japan, we own shares of healthcare companies Ono Pharmaceutical and Astellas Pharma as well as global tiremaker Bridgestone that benefit from global secular trends, but the Fund remained underweight in its exposure to Japan overall at the end of the period.

We select stocks individually based on their merits. As a result of bottom-up stock selection, Healthcare was the Fund’s largest overweight exposure relative to the MSCI All Country World ex USA Growth Index at the end of the period. Other sectors where the Fund ended the period with weights above the MSCI All Country World ex USA Growth Index included Information Technology and Materials. The largest underweights relative to the above benchmark were the Consumer Staples, Energy, and Telecommunication Services sectors.

Diversification by Sector
as of October 31, 2014
Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		16.2	%
Consumer Staples		6.2
Energy		1.5
Financials		13.5
Health Care		19.2
Industrials		15.2
Information Technology		16.0
Materials		9.2
Utilities		0.8
Total		97.8	%
Short-Term Investments		3.2
Other Assets and Liabilities		(1.0	)
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford International Growth Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 97.8%
		Australia - 2.3%
	1,016	Alumina Ltd. ●	$	1,469
	79	Seek Ltd.		1,158
	701	Spotless Group Holdings Ltd. ●		1,186
				3,813
		Belgium - 1.3%
	19	Anheuser-Busch InBev N.V.		2,077
		Brazil - 1.4%
	89	BB Seguridade Participacoes		1,189
	153	Kroton Educacional S.A.		1,089
				2,278
		Canada - 7.6%
	89	Alimentation Couche-Tard, Inc.		3,009
	135	CAE, Inc.		1,733
	14	Magna International, Inc.		1,347
	65	Methanex Corp.		3,839
	267	Trican Well Service Ltd.		2,395
				12,323
		China - 8.0%
	6	Baidu, Inc. ADR ●		1,321
	5,066	Greatview Aseptic Packaging Co., Ltd.		3,318
	1,006	Guangdong Investment Ltd.		1,323
	850	Lenovo Group Ltd.		1,253
	698	PICC Property and Casualty Co., Ltd.		1,281
	118	WuXi PharmaTech Cayman, Inc. ●		4,442
				12,938
		Denmark - 3.8%
	93	DSV AS		2,784
	44	Novo Nordisk A/S		1,980
	16	Pandora A/S		1,384
				6,148
		Finland - 0.7%
	25	Sampo Oyj Class A		1,207
		France - 8.9%
	33	Cie Generale d'Optique Essilor International S.A.		3,675
	80	Edenred		2,213
	35	Renault S.A.		2,595
	12	Sanofi-Aventis S.A.		1,046
	22	Valeo S.A.		2,418
	68	Vallourec S.A.		2,473
				14,420
		Germany - 3.2%
	54	Brenntag AG		2,644
	92	Tom Tailor Holding AG ●		1,289
	31	United Internet AG		1,196
				5,129
		Hong Kong - 3.8%
	214	AAC Technologies Holdings, Inc.		1,284
	334	AIA Group Ltd.		1,865
	341	Samsonite International S.A.		1,132
	114	Tencent Holdings Ltd. ●		1,834
				6,115
		India - 2.1%
	32	HCL Technologies Ltd.		837
	89	HDFC Bank Ltd.		1,328
	22	ICICI Bank Ltd.		1,264
				3,429
		Israel - 3.0%
	17	Check Point Software Technologies Ltd. ADR ●		1,297
	64	Teva Pharmaceutical Industries Ltd. ADR		3,638
				4,935
		Italy - 0.8%
	189	UniCredit S.p.A.		1,368
		Japan - 9.7%
	100	Astellas Pharma, Inc.		1,546
	90	Bridgestone Corp. ☼		3,019
	11	Daito Trust Construction Co., Ltd.		1,358
	635	NEC Corp. ☼		2,245
	46	Ono Pharmaceutical Co., Ltd. ☼		4,618
	803	Taiheyo Cement Corp. ☼		2,948
				15,734
		Jersey - 1.2%
	389	Glencore plc		1,994
		Malaysia - 2.0%
	4,191	AirAsia Berhad		3,186
		Netherlands - 0.7%
	11	ASML Holding N.V.		1,126
		Panama - 1.8%
	25	Copa Holdings S.A. Class A		2,957
		Sweden - 2.6%
	118	Electrolux AB Series B		3,347
	74	Skandinaviska Enskilda Banken Ab		955
				4,302
		Switzerland - 6.3%
	11	Actelion Ltd.		1,316
	1	Givaudan		1,313
	20	Novartis AG		1,869
	5	Partners Group		1,240
	11	Roche Holding AG		3,117
	4	Zurich Financial Services AG		1,299
				10,154
		Taiwan - 5.6%
	89	Catcher Technology Co., Ltd.		751
	179	Delta Electronics, Inc.		1,074
	17	Largan Precision Co., Ltd.		1,166
	65	MediaTek, Inc.		929
	1,174	Taiwan Semiconductor Manufacturing Co., Ltd.		5,090
				9,010
		United Kingdom - 17.4%
	55	Admiral Group plc		1,170
	198	Arm Holdings plc		2,797
	136	Ashtead Group plc		2,271
	18	AstraZeneca plc		1,303
	108	BAE Systems plc		796
	39	British American Tobacco plc		2,219
	99	British Sky Broadcasting Group plc ‡		1,400
	138	Burberry Group plc		3,399
	93	Compass Group plc ●		1,500
	251	Direct Line Insurance Group plc		1,109
	111	IG Group Holdings plc		1,067
	28	Imperial Tobacco Group plc		1,224
	12	Next plc		1,216

The accompanying notes are an integral part of these financial statements.

5

The Hartford International Growth Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Common Stocks - 97.8% - (continued)
		United Kingdom - 17.4% - (continued)
	73	Prudential plc			$	1,690
	19	Reckitt Benckiser Group plc				1,614
	144	Sage (The) Group plc				875
	84	Smith & Nephew plc				1,429
	103	St. James's Place Capital plc				1,231
						28,310
		United States - 3.6%
	17	Amdocs Ltd.				818
	15	Aon plc				1,259
	14	Covidien plc				1,264
	24	Sensata Technologies Holding N.V. ●				1,187
	13	Wabco Holdings, Inc. ●				1,240
						5,768
		Total Common Stocks
		(Cost $147,006)			$	158,721
		Total Long-Term Investments
		(Cost $147,006)			$	158,721
Short-Term Investments - 3.2%
		Repurchase Agreements - 3.2%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $15, collateralized by U.S. Treasury Note 1.50%, 2019, value of $15)
$	15	0.08%, 10/31/2014			$	15
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $254, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $259)
	254	0.09%, 10/31/2014				254
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $68, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $70)
	68	0.08%, 10/31/2014				68
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $232, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $236)
	232	0.10%, 10/31/2014				232
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $872, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $889)
	872	0.08%, 10/31/2014				872
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,002, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $1,022)
	1,002	0.09%, 10/31/2014				1,002
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $58, collateralized by U.S. Treasury Note 0.88%, 2017, value of $59)
	58	0.13%, 10/31/2014				58
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $85, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $87)
	85	0.07%, 10/31/2014				85
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $897, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $915)
	897	0.08%, 10/31/2014				897
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,739, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $1,773)
	1,739	0.10%, 10/31/2014				1,739
						5,222
		Total Short-Term Investments
		(Cost $5,222)			$	5,222
		Total Investments
		(Cost $152,228) ▲	101.0	%	$	163,943
		Other Assets and Liabilities	(1.0	)%		(1,630	)
		Total Net Assets	100.0	%	$	162,313

The accompanying notes are an integral part of these financial statements.

6

The Hartford International Growth Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $152,603 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	17,878
Unrealized Depreciation		(6,538	)
Net Unrealized Appreciation	$	11,340

●	Non-income producing.
☼	This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $528 at October 31, 2014.
‡	This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/03/2014

SSG

$

366

$

362

$

–

$

(4

)

AUD

Buy

11/05/2014

UBS

276

276

–

–

EUR

Buy

11/04/2014

WEST

1,119

1,119

–

–

HKD

Buy

11/04/2014

BCLY

113

113

–

–

HKD

Buy

11/03/2014

UBS

41

41

–

–

JPY

Buy

11/04/2014

SSG

549

528

–

(21

)

MYR

Buy

11/03/2014

JPM

89

89

–

–

Total

$

–

$

(25

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
JPM	JP Morgan Chase & Co.
SSG	State Street Global Markets LLC
UBS	UBS AG
WEST	Westpac International

Currency Abbreviations:
AUD	Australian Dollar
EUR	EURO
HKD	Hong Kong Dollar
JPY	Japanese Yen
MYR	Malaysian Ringgit

Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

7

The Hartford International Growth Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Australia	$	3,813	$	–	$	3,813	$	–
Belgium		2,077		–		2,077		–
Brazil		2,278		2,278		–		–
Canada		12,323		12,323		–		–
China		12,938		9,081		3,857		–
Denmark		6,148		–		6,148		–
Finland		1,207		–		1,207		–
France		14,420		–		14,420		–
Germany		5,129		–		5,129		–
Hong Kong		6,115		–		6,115		–
India		3,429		1,264		2,165		–
Israel		4,935		4,935		–		–
Italy		1,368		–		1,368		–
Japan		15,734		–		15,734		–
Jersey		1,994		–		1,994		–
Malaysia		3,186		–		3,186		–
Netherlands		1,126		–		1,126		–
Panama		2,957		2,957		–		–
Sweden		4,302		–		4,302		–
Switzerland		10,154		–		10,154		–
Taiwan		9,010		–		9,010		–
United Kingdom		28,310		–		28,310		–
United States		5,768		5,768		–		–
Total	$	158,721	$	38,606	$	120,115	$	–
Short-Term Investments		5,222		–		5,222		–
Total	$	163,943	$	38,606	$	125,337	$	–
Foreign Currency Contracts*	$	–	$	–	$	–	$	–
Total	$	–	$	–	$	–	$	–
Liabilities:
Foreign Currency Contracts*	$	25	$	–	$	25	$	–
Total	$	25	$	–	$	25	$	–

♦	For the year ended October 31, 2014, investments valued at $2,505 were transferred from Level 1 to Level 2, and investments valued at $2,291 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:
		1)	Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level  2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).
		2)	U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).
		3)	Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

8

The Hartford International Growth Fund

Statement of Assets and Liabilities 

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $152,228)	$	163,943
Cash		2
Foreign currency on deposit with custodian (cost $—)		—
Unrealized appreciation on foreign currency contracts		—
Receivables:
Investment securities sold		1,656
Fund shares sold		231
Dividends and interest		317
Other assets		53
Total assets		166,202
Liabilities:
Unrealized depreciation on foreign currency contracts		25
Payables:
Investment securities purchased		3,608
Fund shares redeemed		160
Investment management fees		26
Administrative fees		—
Distribution fees		8
Accrued expenses		62
Total liabilities		3,889
Net assets	$	162,313
Summary of Net Assets:
Capital stock and paid-in-capital	$	391,138
Undistributed net investment income		574
Accumulated net realized loss		(241,096	)
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		11,697
Net assets	$	162,313
Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$12.56/$13.29
Shares outstanding		7,781
Net assets	$	97,732
Class B: Net asset value per share	$	11.65
Shares outstanding		376
Net assets	$	4,384
Class C: Net asset value per share	$	11.63
Shares outstanding		1,116
Net assets	$	12,978
Class I: Net asset value per share	$	12.51
Shares outstanding		539
Net assets	$	6,748
Class R3: Net asset value per share	$	12.68
Shares outstanding		36
Net assets	$	458
Class R4: Net asset value per share	$	12.92
Shares outstanding		100
Net assets	$	1,293
Class R5: Net asset value per share	$	13.01
Shares outstanding		14
Net assets	$	182
Class Y: Net asset value per share	$	13.06
Shares outstanding		2,952
Net assets	$	38,538

The accompanying notes are an integral part of these financial statements.

9

The Hartford International Growth Fund

Statement of Operations

For the Year Ended October 31, 2014 

(000’s Omitted) 

Investment Income:
Dividends	$	3,125
Interest		2
Less: Foreign tax withheld		(353	)
Total investment income		2,774
Expenses:
Investment management fees		1,161
Administrative services fees		3
Class R3		1
Class R4		2
Class R5		—
Transfer agent fees		395
Class A		311
Class B		35
Class C		38
Class I		10
Class R3		1
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		242
Class B		56
Class C		133
Class R3		2
Class R4		3
Custodian fees		19
Accounting services fees		27
Registration and filing fees		106
Board of Directors' fees		4
Audit fees		23
Other expenses		42
Total expenses (before waivers and fees paid indirectly)		2,216
Expense waivers		(80	)
Transfer agent fee waivers		(39	)
Commission recapture		(1	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(120	)
Total expenses, net		2,096
Net Investment Income		678
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		15,066
Net realized loss on foreign currency contracts		(115	)
Net realized gain on other foreign currency transactions		30
Net Realized Gain on Investments and Foreign Currency Transactions		14,981
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(10,504	)
Net unrealized depreciation of foreign currency contracts		(26	)
Net unrealized appreciation of translation of other assets and liabilities in foreign currencies		6
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(10,524	)
Net Gain on Investments and Foreign Currency Transactions		4,457
Net Increase in Net Assets Resulting from Operations	$	5,135

The accompanying notes are an integral part of these financial statements.

10

The Hartford International Growth Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	678		$	938
Net realized gain on investments and foreign currency transactions		14,981			15,645
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(10,524	)		9,919
Net Increase in Net Assets Resulting from Operations		5,135			26,502
Distributions to Shareholders:
From net investment income
Class A		(665	)		(713	)
Class B		—			(3	)
Class C		—			(20	)
Class I		(56	)		(66	)
Class R3		(2	)		(5	)
Class R4		(9	)		(7	)
Class R5		(2	)		(2	)
Class Y		(45	)		(40	)
Total distributions		(779	)		(856	)
Capital Share Transactions:
Class A		1,178			(9,166	)
Class B		(2,689	)		(3,914	)
Class C		(723	)		(2,007	)
Class I		1,012			(1,266	)
Class R3		(48	)		(360	)
Class R4		337			21
Class R5		25			6
Class Y		35,170			18
Net increase (decrease) from capital share transactions		34,262			(16,668	)
Net Increase in Net Assets		38,618			8,978
Net Assets:
Beginning of period		123,695			114,717
End of period	$	162,313		$	123,695
Undistributed (distributions in excess of) net investment income	$	574		$	755

The accompanying notes are an integral part of these financial statements.

11

The Hartford International Growth Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford International Growth Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund's portfolio managers are John A. Boselli (50%) and Jean-Marc Berteaux (50%). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge. All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

12

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a

13

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net

14

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

15

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	25	$	—	$	—	$	—	$	—	$	25
Total	$	—	$	25	$	—	$	—	$	—	$	—	$	25

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Loss on Derivatives Recognized as a Result of Operations:
Net realized loss on foreign currency contracts	$	—	$	(115	)	$	—	$	—	$	—	$	—	$	(115	)
Total	$	—	$	(115	)	$	—	$	—	$	—	$	—	$	(115	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of foreign currency contracts	$	—	$	(26	)	$	—	$	—	$	—	$	—	$	(26	)
Total	$	—	$	(26	)	$	—	$	—	$	—	$	—	$	(26	)

The derivatives held by the Fund as of October 31, 2014 are not subject to a master netting arrangement; therefore, no balance sheet offsetting disclosure is presented.

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value

16

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	779	$	856

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	590
Accumulated Capital and Other Losses*		(240,737	)
Unrealized Appreciation†		11,322
Total Accumulated Deficit	$	(228,825	)

*	The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.
†	Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses.

17

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(80	)
Accumulated Net Realized Gain (Loss)		80

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows:

Year of Expiration	Amount
2016	$	130,192
2017		110,545
Total	$	240,737

During the year ended October 31, 2014, the Fund utilized $15,344 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

18

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.8500%
On next $500 million	0.8000%
On next $4 billion	0.7500%
On next $5 billion	0.7475%
Over $10 billion	0.7450%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.020%
On next $5 billion	0.015%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.55%	2.30%	2.30%	1.30%	1.60%	1.30%	1.00%	0.95%

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.50	%
Class B		2.25
Class C		2.24
Class I		1.12
Class R3		1.60
Class R4		1.30
Class R5		1.00
Class Y		0.95

19

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $283 and contingent deferred sales charges of an amount which rounds to zero from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

20

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R5		83	%	—	%*

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		16	%

* Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	145,744	$	—	$	145,744
Sales Proceeds		114,205		—		114,205

21

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		1,226		53		(1,185	)		94			823		69		(1,750	)		(858	)
Amount	$	15,404	$	658	$	(14,884	)	$	1,178		$	9,072	$	704	$	(18,942	)	$	(9,166	)
Class B
Shares		6		—		(237	)		(231	)		10		—		(395	)		(385	)
Amount	$	70	$	—	$	(2,759	)	$	(2,689	)	$	101	$	3	$	(4,018	)	$	(3,914	)
Class C
Shares		112		—		(174	)		(62	)		72		2		(275	)		(201	)
Amount	$	1,302	$	—	$	(2,025	)	$	(723	)	$	746	$	20	$	(2,773	)	$	(2,007	)
Class I
Shares		171		4		(97	)		78			47		6		(168	)		(115	)
Amount	$	2,145	$	51	$	(1,184	)	$	1,012		$	513	$	59	$	(1,838	)	$	(1,266	)
Class R3
Shares		9		—		(13	)		(4	)		13		1		(45	)		(31	)
Amount	$	116	$	2	$	(166	)	$	(48	)	$	141	$	5	$	(506	)	$	(360	)
Class R4
Shares		30		1		(4	)		27			14		1		(14	)		1
Amount	$	376	$	9	$	(48	)	$	337		$	161	$	7	$	(147	)	$	21
Class R5
Shares		2		—		—			2			—		—		—			—
Amount	$	25	$	2	$	(2	)	$	25		$	5	$	1	$	—		$	6
Class Y
Shares		3,600		3		(931	)		2,672			45		3		(48	)		—
Amount	$	47,612	$	45	$	(12,487	)	$	35,170		$	518	$	40	$	(540	)	$	18
Total
Shares		5,156		61		(2,641	)		2,576			1,024		82		(2,695	)		(1,589	)
Amount	$	67,050	$	767	$	(33,555	)	$	34,262		$	11,257	$	839	$	(28,764	)	$	(16,668	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		54	$	672
For the Year Ended October 31, 2013		78	$	862

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the 

22

The Hartford International Growth Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

23

The Hartford International Growth Fund

Financial Highlights

	- Selected Per-Share Data - (A)																								- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	12.10	$	0.07		$	0.48		$	0.55		$	(0.09	)	$	–	$	(0.09	)	$	12.56		4.52	%	$	97,732		1.58	%		1.50	%		0.55	%
B		11.23		(0.03	)		0.45			0.42			–			–		–			11.65		3.74			4,384		2.64			2.25			(0.25	)
C		11.22		(0.02	)		0.43			0.41			–			–		–			11.63		3.65			12,978		2.30			2.24			(0.19	)
I		12.04		0.12			0.47			0.59			(0.12	)		–		(0.12	)		12.51		4.94			6,748		1.18			1.12			0.92
R3		12.19		0.06			0.48			0.54			(0.05	)		–		(0.05	)		12.68		4.40			458		1.83			1.60			0.48
R4		12.45		0.10			0.48			0.58			(0.11	)		–		(0.11	)		12.92		4.68			1,293		1.44			1.30			0.77
R5		12.53		0.13			0.49			0.62			(0.14	)		–		(0.14	)		13.01		4.99			182		1.13			1.00			1.03
Y		12.57		0.11			0.53			0.64			(0.15	)		–		(0.15	)		13.06		5.10			38,538		1.01			0.95			0.87
For the Year Ended October 31, 2013
A	$	9.75	$	0.10		$	2.34		$	2.44		$	(0.09	)	$	–	$	(0.09	)	$	12.10		25.15	%	$	93,051		1.65	%		1.50	%		0.88	%
B		9.04		0.02			2.17			2.19			–			–		–			11.23		24.27			6,816		2.66			2.25			0.16
C		9.04		0.01			2.19			2.20			(0.02	)		–		(0.02	)		11.22		24.32			13,213		2.35			2.25			0.14
I		9.70		0.14			2.32			2.46			(0.12	)		–		(0.12	)		12.04		25.58			5,549		1.24			1.16			1.25
R3		9.82		0.09			2.36			2.45			(0.08	)		–		(0.08	)		12.19		25.03			485		1.83			1.60			0.81
R4		10.03		0.12			2.41			2.53			(0.11	)		–		(0.11	)		12.45		25.42			905		1.45			1.30			1.08
R5		10.09		0.16			2.42			2.58			(0.14	)		–		(0.14	)		12.53		25.83			152		1.15			1.00			1.37
Y		10.12		0.16			2.44			2.60			(0.15	)		–		(0.15	)		12.57		25.91			3,524		1.02			0.95			1.41
For the Year Ended October 31, 2012
A	$	9.25	$	0.07		$	0.51		$	0.58		$	(0.08	)	$	–	$	(0.08	)	$	9.75		6.33	%	$	83,324		1.68	%		1.50	%		0.72	%
B		8.57		–			0.47			0.47			–			–		–			9.04		5.48			8,974		2.67			2.25			(0.03	)
C		8.57		–			0.47			0.47			–			–		–			9.04		5.50			12,465		2.39			2.25			(0.02	)
I		9.21		0.10			0.50			0.60			(0.11	)		–		(0.11	)		9.70		6.63			5,585		1.28			1.21			1.08
R3		9.33		0.06			0.51			0.57			(0.08	)		–		(0.08	)		9.82		6.23			700		1.83			1.60			0.65
R4		9.45		0.09			0.53			0.62			(0.04	)		–		(0.04	)		10.03		6.61			718		1.46			1.30			0.98
R5		9.58		0.12			0.52			0.64			(0.13	)		–		(0.13	)		10.09		6.87			117		1.16			1.00			1.21
Y		9.61		0.12			0.53			0.65			(0.14	)		–		(0.14	)		10.12		6.93			2,834		1.02			0.95			1.29
For the Year Ended October 31, 2011
A	$	9.61	$	0.06		$	(0.42	)	$	(0.36	)	$	–		$	–	$	–		$	9.25		(3.75	)%	$	101,400		1.58	%		1.50	%		0.58	%
B		8.96		(0.02	)		(0.37	)		(0.39	)		–			–		–			8.57		(4.35	)		12,013		2.54			2.25			(0.17	)
C		8.97		(0.02	)		(0.38	)		(0.40	)		–			–		–			8.57		(4.46	)		14,806		2.31			2.25			(0.17	)
I		9.53		0.11			(0.43	)		(0.32	)		–			–		–			9.21		(3.36	)		5,354		1.21			1.17			1.06
R3		9.70		0.05			(0.42	)		(0.37	)		–			–		–			9.33		(3.81	)		777		1.79			1.60			0.47
R4		9.79		0.09			(0.43	)		(0.34	)		–			–		–			9.45		(3.47	)		1,335		1.39			1.30			0.88
R5		9.90		0.12			(0.44	)		(0.32	)		–			–		–			9.58		(3.23	)		139		1.09			1.00			1.14
Y		9.93		0.12			(0.44	)		(0.32	)		–			–		–			9.61		(3.22	)		3,237		0.98			0.95			1.13

See Portfolio Turnover information on the next page.

24

The Hartford International Growth Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	8.00	$	0.05		$	1.71	$	1.76	$	(0.15	)	$	–	$	(0.15	)	$	9.61		22.29	%	$	134,685		1.67	%		1.55	%		0.58	%
B		7.50		(0.01	)		1.59		1.58		(0.12	)		–		(0.12	)		8.96		21.30			16,390		2.63			2.30			(0.17	)
C		7.48		(0.01	)		1.60		1.59		(0.10	)		–		(0.10	)		8.97		21.41			19,892		2.38			2.30			(0.17	)
I		7.95		0.08			1.69		1.77		(0.19	)		–		(0.19	)		9.53		22.65			6,674		1.21			1.21			0.88
R3		8.08		0.03			1.73		1.76		(0.14	)		–		(0.14	)		9.70		22.05			583		1.84			1.76			0.40
R4		8.14		0.06			1.75		1.81		(0.16	)		–		(0.16	)		9.79		22.52			400		1.46			1.44			0.67
R5		8.21		0.09			1.77		1.86		(0.17	)		–		(0.17	)		9.90		22.99			110		1.08			1.08			1.08
Y		8.24		0.12			1.76		1.88		(0.19	)		–		(0.19	)		9.93		23.17			3,491		1.05			1.05			1.36

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		84	%
For the Year Ended October 31, 2013		99
For the Year Ended October 31, 2012		106
For the Year Ended October 31, 2011		88
For the Year Ended October 31, 2010		110

25

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford International Growth Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford International Growth Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

26

The Hartford International Growth Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

27

The Hartford International Growth Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

28

The Hartford International Growth Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

29

The Hartford International Growth Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

30

The Hartford International Growth Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	985.10	$	7.56	$	1,000.00	$	1,017.59	$	7.68		1.51	%		184		365
Class B	$	1,000.00	$	982.30	$	11.44	$	1,000.00	$	1,013.66	$	11.62		2.29			184		365
Class C	$	1,000.00	$	981.40	$	11.15	$	1,000.00	$	1,013.95	$	11.34		2.23			184		365
Class I	$	1,000.00	$	987.40	$	5.51	$	1,000.00	$	1,019.66	$	5.60		1.10			184		365
Class R3	$	1,000.00	$	984.50	$	8.00	$	1,000.00	$	1,017.14	$	8.13		1.60			184		365
Class R4	$	1,000.00	$	986.30	$	6.51	$	1,000.00	$	1,018.65	$	6.61		1.30			184		365
Class R5	$	1,000.00	$	987.90	$	5.01	$	1,000.00	$	1,020.17	$	5.09		1.00			184		365
Class Y	$	1,000.00	$	988.60	$	4.76	$	1,000.00	$	1,020.42	$	4.84		0.95			184		365

31

The Hartford International Growth Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford International Growth Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

32

The Hartford International Growth Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period and the 2^nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

33

The Hartford International Growth Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 2^nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale, although the Board noted that the Fund’s current low asset levels have kept the Fund from fully realizing this benefit. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

34

The Hartford International Growth Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

35

The Hartford International Growth Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Growth Investing Risk: Growth investments can be volatile, and may fail to increase earnings or grow as quickly as anticipated. Growth-style investing falls in and out of favor, which may result in periods of underperformance.

Mid-Cap Stock Risk: Mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets. 

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

36

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures. We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-IG14 12/14 113987-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD INTERNATIONAL  
OPPORTUNITIES FUND  2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford International Opportunities Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	10
Statement of Operations for the Year Ended October 31, 2014	11
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	12
Notes to Financial Statements	13
Financial Highlights	25
Report of Independent Registered Public Accounting Firm	27
Directors and Officers (Unaudited)	28
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	30
Quarterly Portfolio Holdings Information (Unaudited)	30
Federal Tax Information (Unaudited)	31
Expense Example (Unaudited)	32
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	33
Main Risks (Unaudited)	37

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford International Opportunities Fund inception 07/22/1996

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term growth of capital.

Performance Overview 10/31/04 - 10/31/04

 

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
International Opportunities A#		1.45	%		7.76	%		7.42	%
International Opportunities A##		-4.13	%		6.55	%		6.81	%
International Opportunities B#		0.58	%		6.92	%		6.84	%*
International Opportunities B##		-4.26	%		6.61	%		6.84	%*
International Opportunities C#		0.68	%		6.97	%		6.62	%
International Opportunities C##		-0.28	%		6.97	%		6.62	%
International Opportunities I#		1.76	%		8.14	%		7.66	%
International Opportunities R3#		1.19	%		7.53	%		7.32	%
International Opportunities R4#		1.47	%		7.87	%		7.62	%
International Opportunities R5#		1.83	%		8.21	%		7.86	%
International Opportunities Y#		1.90	%		8.30	%		7.96	%
MSCI All Country World ex USA Index		0.49	%		6.55	%		7.06	%

#	Without sales charge
##	With sales charge
*	Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 5/30/08. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund’s Class Y shares which had different operating expenses.

MSCI All Country World ex USA Index is a broad-based, unmanaged, market capitalization weighted, total return index that measures the performance of both developed and emerging stock markets, excluding the U.S. The index is calculated to exclude companies and share classes which cannot be freely purchased by foreigners. 

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford International Opportunities Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
International Opportunities Class A		1.26	%		1.26	%
International Opportunities Class B		2.05	%		2.35	%
International Opportunities Class C		1.98	%		1.98	%
International Opportunities Class I		0.90	%		0.90	%
International Opportunities Class R3		1.46	%		1.46	%
International Opportunities Class R4		1.15	%		1.15	%
International Opportunities Class R5		0.85	%		0.85	%
International Opportunities Class Y		0.75	%		0.75	%

* As shown in the Fund's prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014. Net expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014 and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date. However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Nicolas M. Choumenkovitch	Tara C. Stilwell, CFA
Senior Vice President and Equity Portfolio Manager	Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford International Opportunities Fund returned 1.45%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the MSCI All Country World ex USA Index, which returned 0.49% for the same period. The Fund also outperformed the 0.35% average return of the Lipper International Multi-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Non-U.S. equities (+0.65%) rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China. Despite these positives, many market participants found ample reason to reassess their risk appetites (i.e. reduce risks), given the strong performance in recent years. Also, emerging market equities underperformed their developed market counterparts during the period.

Within the MSCI All Country World ex USA Index six of the ten sectors rose during the period. Healthcare (+15%), Information Technology (+9%), and Utilities (+8%) gained the most. Materials (-9%), Energy (-7%) and Consumer Discretionary (-3%) lagged on a relative basis.

The Fund’s benchmark-relative outperformance over the period was largely due to strong security selection. Strong stock selection in the Information Technology, Healthcare, and Consumer Discretionary sectors more than offset weaker stock selection in Financials, Industrials and Telecommunications Services. Sector allocation, a result of the bottom-up stock selection process, contributed positively to benchmark-relative returns as well, largely due to an overweight in Healthcare and an underweight in Materials.

Top contributors to relative performance during the period included AstraZeneca (Healthcare), NXP Semiconductors (Information Technology), and Tim Hortons (Consumer Discretionary). Shares of AstraZeneca, a U.K.-based multinational pharmaceutical company focused on cardiovascular, gastrointestinal, respiratory, oncology, and neuroscience treatments, outperformed on news that U.S.-based pharmaceutical giant Pfizer offered to acquire the company at a price that AstraZeneca dismissed as too low. The company also has a number of drugs in phase III trials; that number has doubled over the past year and new management is allocating capital to drive long-term growth through investments in immuno-oncology and selective acquisitions. NXP Semiconductors, a Netherlands-based semiconductor company, gained as NXP continued to benefit from a powerful combination of product cycles, structural cost savings,

3

The Hartford International Opportunities Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

margin expansion, and a competitive advantage in sizable markets such as identification and smart mobile businesses. Shares of Tim Hortons, the dominant player in the Canadian away-from-home coffee market, rose during the period on the announcement of takeover bid from Burger King. Novartis (Healthcare) was also a top contributor to absolute performance.

The largest detractors from relative returns were Deutsche Lufthansa (Industrials), Rexel (Industrials), and BG Group (Energy). Shares of Deutsche Lufthansa, a German international airline, suffered following disappointing earnings driven by unused capacity due to the economic slowdown in Europe. Shares of Rexel, a France-based global distributor of low voltage electrical products, declined due to downward pressure on margins driven by weaker than expected performance by the company’s non-residential business lines. Shares of BG Group, a U.K.-based natural gas-focused oil and gas exploration company, declined as a result of weak upstream earnings over the period. Alpha Bank (Financials) also detracted from absolute and relative performance.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

Despite the downbeat backdrop, we still believe global economic growth will move forward at a modest pace. In this lower growth environment, we are looking to invest in companies which can improve returns on capital by restructuring and building efficiencies in their operations. We also seek to identify companies that can sustain their returns on capital through competitive advantages.

At the end of the period, the Fund was most overweight the Healthcare, Information Technology, and Industrials sectors and most underweight the Financials, Consumer Staples, and Materials sectors relative to its benchmark. On a country basis, the Fund ended the period with an overweight to Japan and Italy and underweight to Australia and Germany.

Currency Concentration of Securities

as of October 31, 2014

Description	Percentage of Net Assets
Brazilian Real	0.4	%
British Pound	14.8
Canadian Dollar	5.7
Danish Kroner	0.2
Euro	29.0
Hong Kong Dollar	2.8
Indian Rupee	2.1
Japanese Yen	20.2
Republic of Korea Won	1.7
Swedish Krona	2.6
Swiss Franc	9.8
Taiwanese Dollar	2.1
United States Dollar	8.4
Other Assets and Liabilities	0.2
Total	100.0	%

Diversification by Sector

as of October 31, 2014    

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary	10.0	%
Consumer Staples	6.9
Energy	7.9
Financials	21.8
Health Care	15.4
Industrials	11.7
Information Technology	9.7
Materials	5.1
Services	3.7
Utilities	3.9
Total	96.1	%
Short-Term Investments	3.7
Other Assets and Liabilities	0.2
Total	100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford International Opportunities Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.1%
		Belgium - 3.1%
	379	Anheuser-Busch InBev N.V.	$	42,007
	75	Umicore S.A.		2,933
				44,940
		Brazil - 0.9%
	458	BB Seguridade Participacoes		6,108
	525	Petroleo Brasileiro S.A. ADR		6,138
				12,246
		Canada - 5.7%
	242	Canadian National Railway Co.		17,041
	470	Imperial Oil Ltd.		22,625
	195	Tim Hortons, Inc.		15,783
	533	Transcanada Corp.		26,291
				81,740
		China - 4.1%
	155	Alibaba Group Holding Ltd. ●		15,251
	53	Baidu, Inc. ADR ●		12,700
	1,966	ENN Energy Holdings Ltd.		12,756
	5,172	Lenovo Group Ltd.		7,623
	8,394	PetroChina Co., Ltd.		10,509
				58,839
		Colombia - 0.3%
	374	Grupo Aval Acciones y Valores S.A.		5,043
		Denmark - 0.2%
	156	H. Lundbeck A/S		3,313
		Finland - 0.6%
	188	Kone Oyj Class B		8,113
		France - 9.7%
	271	Air Liquide		32,714
	114	BNP Paribas		7,167
	171	Cie Generale d'Optique Essilor International S.A.		18,866
	269	Groupe Eurotunnel S.A.		3,396
	427	Orange S.A.		6,798
	114	Peugeot S.A. ●		1,355
	732	Rexel S.A.		12,308
	304	Schneider Electric S.A.		23,940
	84	Societe Generale Class A		4,066
	116	Unibail Rodamco REIT		29,619
				140,229
		Germany - 2.4%
	151	Brenntag AG		7,328
	50	Continental AG		9,845
	372	Deutsche Lufthansa AG		5,506
	376	Deutsche Post AG		11,854
				34,533
		Greece - 1.2%
	16,455	Alpha Bank A.E. ●		10,727
	593	Hellenic Telecommunications Organization S.A. ●		6,701
				17,428
		Hong Kong - 0.7%
	435	Hong Kong Exchanges & Clearing Ltd.		9,650
		India - 2.1%
	702	ICICI Bank Ltd.		18,639
	545	ITC Ltd.		3,153
	970	Power Grid Corp. of India Ltd.		2,302
	339	Reliance Industries Ltd.		5,502
				29,596
		Ireland - 2.5%
	28,774	Bank of Ireland ●		11,327
	1,119	CRH plc		24,863
				36,190
		Italy - 6.1%
	1,002	Assicurazioni Generali S.p.A.		20,554
	283	Banca Generali S.p.A.		7,517
	1,295	FinecoBank Banca Fineco S.p.A. ●		6,738
	2,320	Intesa Sanpaolo S.p.A.		6,820
	435	Luxottica Group S.p.A.		22,187
	4,335	Snam S.p.A.		23,443
				87,259
		Japan - 20.2%
	309	Aisin Seiki Co., Ltd. ☼		10,277
	388	Asahi Group Holdings Ltd.		12,037
	221	Asics Corp.		5,165
	169	Bridgestone Corp.		5,631
	89	Daito Trust Construction Co., Ltd.		11,072
	501	Daiwa House Industry Co., Ltd.		9,481
	243	Eisai Co., Ltd.		9,515
	1,877	Hitachi Ltd.		14,748
	959	Isuzu Motors Ltd.		12,515
	191	Japan Exchange Group, Inc.		4,741
	245	Kansai Electric Power Co., Inc. ●		2,415
	263	Kyushu Electric Power Co., Inc. ●		2,851
	645	M3, Inc.		10,760
	3,362	Mitsubishi UFJ Financial Group, Inc.		19,598
	627	Mitsui Fudosan Co., Ltd.		20,159
	3,220	NEC Corp.		11,387
	193	Nippon Telegraph & Telephone Corp.		11,985
	358	Olympus Corp. ●		12,848
	189	Ono Pharmaceutical Co., Ltd.		19,091
	1,107	Rakuten, Inc.		12,479
	614	Seven & I Holdings Co., Ltd.		23,985
	173	Shikoku Electric Power Co. ●		2,377
	137	SoftBank Corp.		9,981
	508	T&D Holdings, Inc.		6,546
	247	Takeda Pharmaceutical Co., Ltd.		10,727
	4,023	Toshiba Corp.		17,767
				290,138
		Jersey - 0.5%
	1,413	Glencore plc		7,251
		Netherlands - 6.1%
	111	ASML Holding N.V.		11,075
	1,915	ING Groep N.V. ●		27,424
	5,203	Koninklijke (Royal) KPN N.V.		17,126
	219	NXP Semiconductors N.V. ●		15,055
	487	Royal Dutch Shell plc		17,407
				88,087
		Panama - 0.1%
	95	Avianca Holdings S.A. ADR ‡		1,409
		Portugal - 0.5%
	513	Galp Energia SGPS S.A.		7,437

The accompanying notes are an integral part of these financial statements.

5

The Hartford International Opportunities Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted) 

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.1% - (continued)
		Romania - 0.3%
	284	Electrica S.A. ■●	$	3,824
		South Korea - 1.7%
	323	Hynix Semiconductor, Inc. ●		14,383
	80	Korea Electric Power Corp.		3,506
	21	Posco Ltd.		6,176
				24,065
		Spain - 0.7%
	1,874	CaixaBank		10,239
		Sweden - 2.6%
	426	Assa Abloy Ab		22,638
	231	Electrolux AB Series B		6,556
	379	SKF AB Class B		7,596
				36,790
		Switzerland - 9.8%
	159	Adecco S.A.		10,788
	34	Compagnie Financiere Richemont S.A.		2,839
	542	Julius Baer Group Ltd.		23,760
	524	Novartis AG		48,647
	103	Roche Holding AG		30,535
	1,442	UBS AG		25,078
				141,647
		Taiwan - 2.1%
	7,066	Taiwan Semiconductor Manufacturing Co., Ltd.		30,631
		United Kingdom - 11.4%
	273	Al Noor Hospitals Group		4,449
	684	AstraZeneca plc		49,991
	1,040	BG Group plc		17,326
	1,587	British Sky Broadcasting Group plc		22,492
	61	Derwent London plc REIT		2,908
	657	Diageo Capital plc		19,369
	1,276	Direct Line Insurance Group plc		5,644
	369	easyJet plc		8,867
	1,707	International Consolidated Airlines Group S.A. ●		11,198
	597	NMC Health plc		4,730
	120	Schroders plc		4,625
	657	WPP plc		12,829
				164,428
		United States - 0.5%
	310	Markit Ltd. ●		7,909
		Total Common Stocks
		(Cost $1,332,483)	$	1,382,974
		Total Long-Term Investments (Cost $1,332,483)	$	1,382,974
Short-Term Investments - 3.7%
		Repurchase Agreements - 3.7%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $153, collateralized by U.S. Treasury Note 1.50%, 2019, value of $156)
$	153	0.08%, 10/31/2014	$	153
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,607, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $2,659)
	2,607	0.09%, 10/31/2014		2,607
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $700, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $714)
	700	0.08%, 10/31/2014		700
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,374, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $2,422)
	2,374	0.10%, 10/31/2014		2,374
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $8,946, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $9,125)
	8,946	0.08%, 10/31/2014		8,946
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $10,283, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $10,488)
	10,282	0.09%, 10/31/2014		10,282
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $594, collateralized by U.S. Treasury Note 0.88%, 2017, value of $605)
	594	0.13%, 10/31/2014		594
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $874, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $891)
	874	0.07%, 10/31/2014		874
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $9,205, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $9,389)
	9,205	0.08%, 10/31/2014		9,205

The accompanying notes are an integral part of these financial statements.

6

The Hartford International Opportunities Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Short-Term Investments - 3.7% - (continued)
		Repurchase Agreements - 3.7% - (continued)
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $17,837, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $18,194)
$	17,837	0.10%, 10/31/2014			$	17,837
						53,572
		Total Short-Term Investments
		(Cost $53,572)			$	53,572
		Total Investments
		(Cost $1,386,055) ▲	99.8	%	$	1,436,546
		Other Assets and Liabilities	0.2	%		2,943
		Total Net Assets	100.0	%	$	1,439,489

The accompanying notes are an integral part of these financial statements.

7

The Hartford International Opportunities Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:  Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $1,390,775 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	102,688
Unrealized Depreciation		(56,917	)
Net Unrealized Appreciation	$	45,771

● Non-income producing.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $638 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities  was $3,824, which represents 0.3% of total net assets.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

GBP

Buy

11/03/2014

BMO

$

670

$

670

$

–

$

–

HKD

Buy

11/04/2014

BCLY

1,420

1,420

–

–

HKD

Buy

11/03/2014

UBS

666

666

–

–

JPY

Buy

11/04/2014

SSG

663

638

–

(25

)

JPY

Sell

11/06/2014

DEUT

704

700

4

–

Total

$

4

$

(25

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
BCLY	Barclays
BMO	Bank of Montreal
DEUT	Deutsche Bank Securities, Inc.
SSG	State Street Global Markets LLC
UBS	UBS AG
Currency Abbreviations:
GBP	British Pound
HKD	Hong Kong Dollar
JPY	Japanese Yen
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

8

The Hartford International Opportunities Fund

 Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted) 

Investment Valuation Hierarchy Level Summary

October 31, 2014

		Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Belgium	$	44,940	$	–	$	44,940	$	–
Brazil		12,246		12,246		–		–
Canada		81,740		81,740		–		–
China		58,839		27,951		30,888		–
Colombia		5,043		5,043		–		–
Denmark		3,313		–		3,313		–
Finland		8,113		–		8,113		–
France		140,229		–		140,229		–
Germany		34,533		–		34,533		–
Greece		17,428		–		17,428		–
Hong Kong		9,650		–		9,650		–
India		29,596		–		29,596		–
Ireland		36,190		–		36,190		–
Italy		87,259		–		87,259		–
Japan		290,138		–		290,138		–
Jersey		7,251		–		7,251		–
Netherlands		88,087		15,055		73,032		–
Panama		1,409		1,409		–		–
Portugal		7,437		–		7,437		–
Romania		3,824		–		3,824		–
South Korea		24,065		–		24,065		–
Spain		10,239		–		10,239		–
Sweden		36,790		–		36,790		–
Switzerland		141,647		–		141,647		–
Taiwan		30,631		–		30,631		–
United Kingdom		164,428		9,179		155,249		–
United States		7,909		7,909		–		–
Total	$	1,382,974	$	160,532	$	1,222,442	$	–
Short-Term Investments		53,572		–		53,572		–
Total	$	1,436,546	$	160,532	$	1,276,014	$	–
Foreign Currency Contracts*	$	4	$	–	$	4	$	–
Total	$	4	$	–	$	4	$	–
Liabilities:
Foreign Currency Contracts*	$	25	$	–	$	25	$	–
Total	$	25	$	–	$	25	$	–

♦ For the year ended October 31, 2014, investments valued at $29,635 were transferred from Level 1 to Level 2, and investments valued at $2,502 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

9

The Hartford International Opportunities Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $1,386,055)	$	1,436,546
Cash		—
Foreign currency on deposit with custodian (cost $260)		259
Unrealized appreciation on foreign currency contracts		4
Receivables:
Investment securities sold		2,323
Fund shares sold		1,692
Dividends and interest		3,553
Other assets		72
Total assets		1,444,449
Liabilities:
Unrealized depreciation on foreign currency contracts		25
Payables:
Investment securities purchased		3,394
Fund shares redeemed		1,101
Investment management fees		185
Administrative fees		6
Distribution fees		42
Accrued expenses		207
Total liabilities		4,960
Net assets	$	1,439,489
Summary of Net Assets:
Capital stock and paid-in-capital	$	1,220,080
Undistributed net investment income		17,084
Accumulated net realized gain		151,982
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		50,343
Net assets	$	1,439,489
Shares authorized		650,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$16.96/$17.95
Shares outstanding		27,476
Net assets	$	465,854
Class B: Net asset value per share	$	15.52
Shares outstanding		440
Net assets	$	6,825
Class C: Net asset value per share	$	15.20
Shares outstanding		3,626
Net assets	$	55,122
Class I: Net asset value per share	$	16.91
Shares outstanding		5,879
Net assets	$	99,430
Class R3: Net asset value per share	$	17.18
Shares outstanding		2,376
Net assets	$	40,827
Class R4: Net asset value per share	$	17.43
Shares outstanding		6,022
Net assets	$	104,977
Class R5: Net asset value per share	$	17.58
Shares outstanding		4,860
Net assets	$	85,424
Class Y: Net asset value per share	$	17.66
Shares outstanding		32,906
Net assets	$	581,030

The accompanying notes are an integral part of these financial statements.

10

The Hartford International Opportunities Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	35,848
Interest		25
Less: Foreign tax withheld		(4,240	)
Total investment income		31,633
Expenses:
Investment management fees		10,477
Administrative services fees
Class R3		76
Class R4		143
Class R5		84
Transfer agent fees
Class A		962
Class B		45
Class C		101
Class I		86
Class R3		3
Class R4		3
Class R5		2
Class Y		12
Distribution fees
Class A		1,125
Class B		81
Class C		523
Class R3		189
Class R4		238
Custodian fees		137
Accounting services fees		278
Registration and filing fees		157
Board of Directors' fees		42
Audit fees		30
Other expenses		234
Total expenses (before waivers and fees paid indirectly)		15,028
Transfer agent fee waivers		(21	)
Commission recapture		(58	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(79	)
Total expenses, net		14,949
Net Investment Income		16,684
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		158,256
Net realized gain on foreign currency contracts		363
Net realized loss on other foreign currency transactions		(1,018	)
Net Realized Gain on Investments and Foreign Currency Transactions		157,601
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(138,051	)
Net unrealized depreciation of foreign currency contracts		(84	)
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(63	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(138,198	)
Net Gain on Investments and Foreign Currency Transactions		19,403
Net Increase in Net Assets Resulting from Operations	$	36,087

The accompanying notes are an integral part of these financial statements.

11

The Hartford International Opportunities Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	16,684		$	20,667
Net realized gain on investments and foreign currency transactions		157,601			89,695
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(138,198	)		131,298
Net Increase in Net Assets Resulting from Operations		36,087			241,660
Distributions to Shareholders:
From net investment income
Class A		(4,724	)		(3,139	)
Class B		(30	)		(36	)
Class C		(339	)		(189	)
Class I		(972	)		(521	)
Class R3		(327	)		(221	)
Class R4		(1,024	)		(651	)
Class R5		(1,108	)		(673	)
Class Y		(11,428	)		(7,618	)
Total from net investment income		(19,952	)		(13,048	)
From net realized gain on investments
Class A		(12,862	)		—
Class B		(303	)		—
Class C		(1,602	)		—
Class I		(2,079	)		—
Class R3		(1,088	)		—
Class R4		(2,675	)		—
Class R5		(2,378	)		—
Class Y		(23,481	)		—
Total from net realized gain on investments		(46,468	)		—
Total distributions		(66,420	)		(13,048	)
Capital Share Transactions:
Class A		83,346			69,952
Class B		(1,887	)		(2,090	)
Class C		13,445			4,658
Class I		40,595			21,500
Class R3		8,350			9,884
Class R4		21,465			30,636
Class R5		17,891			23,426
Class Y		(181,968	)		179,280
Net increase from capital share transactions		1,237			337,246
Net Increase (Decrease) in Net Assets		(29,096	)		565,858
Net Assets:
Beginning of period		1,468,585			902,727
End of period	$	1,439,489		$	1,468,585
Undistributed (distributions in excess of) net investment income	$	17,084		$	16,902

The accompanying notes are an integral part of these financial statements.

12

The Hartford International Opportunities Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford International Opportunities Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

13

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when

14

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal

15

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

16

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	4	$	—	$	—	$	—	$	—	$	4
Total	$	—	$	4	$	—	$	—	$	—	$	—	$	4
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	25	$	—	$	—	$	—	$	—	$	25
Total	$	—	$	25	$	—	$	—	$	—	$	—	$	25

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on foreign currency contracts	$	—	$	363		$	—	$	—	$	—	$	—	$	363
Total	$	—	$	363		$	—	$	—	$	—	$	—	$	363
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of foreign currency contracts	$	—	$	(84	)	$	—	$	—	$	—	$	—	$	(84	)
Total	$	—	$	(84	)	$	—	$	—	$	—	$	—	$	(84	)

17

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The derivatives held by the Fund as of October 31, 2014 are not subject to a master netting arrangement; therefore, no balance sheet offsetting disclosure is presented.

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	31,415	$	13,048
Long-Term Capital Gains ‡		35,005		—

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

18

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:

	Amount
Undistributed Ordinary Income	$	53,998
Undistributed Long-Term Capital Gain		119,788
Unrealized Appreciation*		45,623
Total Accumulated Earnings	$	219,409

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	3,450
Accumulated Net Realized Gain (Loss)		(3,450	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s

19

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.7500%
On next $500 million	0.6500%
On next $1.5 billion	0.6400%
On next $2.5 billion	0.6350%
On next $5 billion	0.6300%
Over $10 billion	0.6250%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.018%
On next $5 billion	0.014%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.30%	2.05%	2.05%	1.05%	1.50%	1.20%	0.90%	0.85%

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Statement of Operations.

20

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.20	%
Class B		2.03
Class C		1.93
Class I		0.83
Class R3		1.44
Class R4		1.14
Class R5		0.84
Class Y		0.73

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $3,262 and contingent deferred sales charges of $12 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $3. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

21

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		4	%

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	1,549,899	$	—	$	1,549,899
Sales Proceeds		1,607,796		—		1,607,796

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		8,063		1,032		(4,243	)		4,852			7,623		206		(3,491	)		4,338
Amount	$	138,901	$	17,465	$	(73,020	)	$	83,346		$	121,543	$	3,108	$	(54,699	)	$	69,952
Class B
Shares		37		21		(177	)		(119	)		47		3		(194	)		(144	)
Amount	$	593	$	323	$	(2,803	)	$	(1,887	)	$	688	$	35	$	(2,813	)	$	(2,090	)
Class C
Shares		1,293		121		(548	)		866			816		13		(515	)		314
Amount	$	20,057	$	1,835	$	(8,447	)	$	13,445		$	11,820	$	177	$	(7,339	)	$	4,658
Class I
Shares		3,821		153		(1,616	)		2,358			2,583		27		(1,248	)		1,362
Amount	$	65,456	$	2,584	$	(27,445	)	$	40,595		$	40,918	$	398	$	(19,816	)	$	21,500
Class R3
Shares		811		74		(410	)		475			1,005		14		(396	)		623
Amount	$	14,208	$	1,274	$	(7,132	)	$	8,350		$	15,998	$	211	$	(6,325	)	$	9,884
Class R4
Shares		2,057		189		(1,030	)		1,216			2,928		35		(1,031	)		1,932
Amount	$	36,385	$	3,293	$	(18,213	)	$	21,465		$	46,780	$	544	$	(16,688	)	$	30,636
Class R5
Shares		1,435		199		(634	)		1,000			2,112		43		(685	)		1,470
Amount	$	25,667	$	3,486	$	(11,262	)	$	17,891		$	33,886	$	673	$	(11,133	)	$	23,426
Class Y
Shares		16,554		1,980		(28,110	)		(9,576	)		21,086		487		(10,193	)		11,380
Amount	$	295,216	$	34,908	$	(512,092	)	$	(181,968	)	$	339,629	$	7,618	$	(167,967	)	$	179,280
Total
Shares		34,071		3,769		(36,768	)		1,072			38,200		828		(17,753	)		21,275
Amount	$	596,483	$	65,168	$	(660,414	)	$	1,237		$	611,262	$	12,764	$	(286,780	)	$	337,246

22

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		45	$	767
For the Year Ended October 31, 2013		48	$	762

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

23

The Hartford International Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

24

The Hartford International Opportunities Fund

Financial Highlights

	- Selected Per-Share Data - (A)																									- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	17.46	$	0.14		$	0.11		$	0.25		$	(0.20	)	$	(0.55	)	$	(0.75	)	$	16.96		1.45	%	$	465,854		1.20	%		1.20	%		0.80	%
B		16.04		(0.01	)		0.10			0.09			(0.06	)		(0.55	)		(0.61	)		15.52		0.58			6,825		2.30			2.04			(0.07	)
C		15.76		0.01			0.09			0.10			(0.11	)		(0.55	)		(0.66	)		15.20		0.68			55,122		1.93			1.93			0.07
I		17.41		0.20			0.10			0.30			(0.25	)		(0.55	)		(0.80	)		16.91		1.76			99,430		0.84			0.84			1.15
R3		17.69		0.09			0.11			0.20			(0.16	)		(0.55	)		(0.71	)		17.18		1.19			40,827		1.44			1.44			0.54
R4		17.93		0.15			0.11			0.26			(0.21	)		(0.55	)		(0.76	)		17.43		1.47			104,977		1.14			1.14			0.83
R5		18.06		0.21			0.11			0.32			(0.25	)		(0.55	)		(0.80	)		17.58		1.83			85,424		0.84			0.84			1.16
Y		18.14		0.25			0.09			0.34			(0.27	)		(0.55	)		(0.82	)		17.66		1.90			581,030		0.74			0.74			1.38
For the Year Ended October 31, 2013
A	$	14.49	$	0.22		$	2.92		$	3.14		$	(0.17	)	$	–		$	(0.17	)	$	17.46		21.87	%	$	394,928		1.26	%		1.26	%		1.36	%
B		13.32		0.08			2.69			2.77			(0.05	)		–			(0.05	)		16.04		20.89			8,960		2.35			2.05			0.56
C		13.10		0.09			2.65			2.74			(0.08	)		–			(0.08	)		15.76		20.99			43,495		1.98			1.98			0.66
I		14.45		0.28			2.91			3.19			(0.23	)		–			(0.23	)		17.41		22.30			61,280		0.90			0.90			1.77
R3		14.70		0.19			2.96			3.15			(0.16	)		–			(0.16	)		17.69		21.63			33,633		1.46			1.46			1.20
R4		14.89		0.25			3.00			3.25			(0.21	)		–			(0.21	)		17.93		22.02			86,150		1.15			1.15			1.51
R5		14.98		0.29			3.02			3.31			(0.23	)		–			(0.23	)		18.06		22.37			69,712		0.85			0.85			1.79
Y		15.04		0.32			3.03			3.35			(0.25	)		–			(0.25	)		18.14		22.51			770,427		0.75			0.75			1.97
For the Year Ended October 31, 2012
A	$	13.67	$	0.18		$	0.79		$	0.97		$	(0.15	)	$	–		$	(0.15	)	$	14.49		7.28	%	$	264,957		1.36	%		1.30	%		1.30	%
B		12.56		0.07			0.74			0.81			(0.05	)		–			(0.05	)		13.32		6.46			9,358		2.44			2.05			0.55
C		12.37		0.07			0.72			0.79			(0.06	)		–			(0.06	)		13.10		6.48			32,044		2.06			2.05			0.56
I		13.65		0.22			0.80			1.02			(0.22	)		–			(0.22	)		14.45		7.68			31,190		0.97			0.97			1.60
R3		13.90		0.15			0.81			0.96			(0.16	)		–			(0.16	)		14.70		7.05			18,786		1.52			1.50			1.10
R4		14.07		0.21			0.80			1.01			(0.19	)		–			(0.19	)		14.89		7.40			42,803		1.20			1.20			1.45
R5		14.16		0.25			0.80			1.05			(0.23	)		–			(0.23	)		14.98		7.67			35,803		0.91			0.90			1.73
Y		14.20		0.19			0.89			1.08			(0.24	)		–			(0.24	)		15.04		7.83			467,786		0.79			0.79			1.34
For the Year Ended October 31, 2011
A	$	14.68	$	0.14		$	(1.14	)	$	(1.00	)	$	(0.01	)	$	–		$	(0.01	)	$	13.67		(6.80	)%	$	261,920		1.34	%		1.30	%		0.96	%
B		13.58		0.02			(1.04	)		(1.02	)		–			–			–			12.56		(7.51	)		11,877		2.33			2.05			0.16
C		13.37		0.03			(1.03	)		(1.00	)		–			–			–			12.37		(7.48	)		33,621		2.04			2.04			0.19
I		14.62		0.20			(1.15	)		(0.95	)		(0.02	)		–			(0.02	)		13.65		(6.49	)		18,801		0.97			0.97			1.39
R3		14.95		0.13			(1.17	)		(1.04	)		(0.01	)		–			(0.01	)		13.90		(6.97	)		10,727		1.54			1.50			0.89
R4		15.10		0.17			(1.18	)		(1.01	)		(0.02	)		–			(0.02	)		14.07		(6.73	)		11,406		1.23			1.20			1.12
R5		15.15		0.18			(1.15	)		(0.97	)		(0.02	)		–			(0.02	)		14.16		(6.40	)		21,285		0.94			0.90			1.22
Y		15.19		0.21			(1.17	)		(0.96	)		(0.03	)		–			(0.03	)		14.20		(6.37	)		114,791		0.82			0.82			1.38

See Portfolio Turnover information on the next page.

25

The Hartford International Opportunities Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	12.62	$	0.07		$	2.14	$	2.21	$	(0.15	)	$	–	$	(0.15	)	$	14.68		17.56	%	$	310,049		1.47	%		1.42	%		0.54	%
B		11.65		(0.03	)		1.97		1.94		(0.01	)		–		(0.01	)		13.58		16.70			16,434		2.44			2.19			(0.24	)
C		11.46		(0.02	)		1.94		1.92		(0.01	)		–		(0.01	)		13.37		16.72			37,671		2.16			2.15			(0.19	)
I		12.59		0.13			2.12		2.25		(0.22	)		–		(0.22	)		14.62		18.01			10,933		1.08			1.08			1.02
R3		12.88		0.05			2.17		2.22		(0.15	)		–		(0.15	)		14.95		17.28			4,413		1.63			1.59			0.38
R4		12.98		0.08			2.22		2.30		(0.18	)		–		(0.18	)		15.10		17.76			7,066		1.29			1.27			0.63
R5		13.04		0.14			2.21		2.35		(0.24	)		–		(0.24	)		15.15		18.12			2,704		0.99			0.97			1.04
Y		13.07		0.14			2.22		2.36		(0.24	)		–		(0.24	)		15.19		18.20			189,576		0.90			0.90			1.05

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		104	%
For the Year Ended October 31, 2013		107
For the Year Ended October 31, 2012		98
For the Year Ended October 31, 2011		122
For the Year Ended October 31, 2010		106

26

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford International Opportunities Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford International Opportunities Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

27

The Hartford International Opportunities Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

28

The Hartford International Opportunities Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

29

The Hartford International Opportunities Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

30

The Hartford International Opportunities Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

31

The Hartford International Opportunities Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	977.00	$	6.01	$	1,000.00	$	1,019.12	$	6.14		1.21	%		184		365
Class B	$	1,000.00	$	972.40	$	10.19	$	1,000.00	$	1,014.87	$	10.41		2.05			184		365
Class C	$	1,000.00	$	973.10	$	9.65	$	1,000.00	$	1,015.43	$	9.85		1.94			184		365
Class I	$	1,000.00	$	978.60	$	4.20	$	1,000.00	$	1,020.96	$	4.29		0.84			184		365
Class R3	$	1,000.00	$	975.60	$	7.22	$	1,000.00	$	1,017.89	$	7.38		1.45			184		365
Class R4	$	1,000.00	$	977.00	$	5.72	$	1,000.00	$	1,019.42	$	5.84		1.15			184		365
Class R5	$	1,000.00	$	978.80	$	4.22	$	1,000.00	$	1,020.94	$	4.31		0.85			184		365
Class Y	$	1,000.00	$	979.50	$	3.71	$	1,000.00	$	1,021.46	$	3.79		0.74			184		365

32

The Hartford International Opportunities Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford International Opportunities Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

33

The Hartford International Opportunities Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 5-year periods and the 3^rd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

34

The Hartford International Opportunities Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

35

The Hartford International Opportunities Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

36

The Hartford International Opportunities Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Mid-Cap Stock Risk: Mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets. 

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

37

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-IO14 12/14 113988-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD INTERNATIONAL  
SMALL COMPANY FUND  2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford International Small Company Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	11
Statement of Operations for the Year Ended October 31, 2014	12
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	13
Notes to Financial Statements	14
Financial Highlights	25
Report of Independent Registered Public Accounting Firm	27
Directors and Officers (Unaudited)	28
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	30
Quarterly Portfolio Holdings Information (Unaudited)	30
Federal Tax Information (Unaudited)	31
Expense Example (Unaudited)	32
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	33
Main Risks (Unaudited)	37

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford International Small Company Fund inception 04/30/2001

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks capital appreciation. 

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
International Small Company A#		-3.33	%		10.36	%		8.19	%
International Small Company A##		-8.65	%		9.12	%		7.58	%
International Small Company B#		-4.16	%		9.51	%		7.61	%*
International Small Company B##		-8.96	%		9.23	%		7.61	%*
International Small Company C#		-4.06	%		9.52	%		7.38	%
International Small Company C##		-5.02	%		9.52	%		7.38	%
International Small Company I#		-3.08	%		10.81	%		8.49	%
International Small Company R3#		-3.54	%		10.30	%		8.40	%
International Small Company R4#		-3.22	%		10.60	%		8.55	%
International Small Company R5#		-2.90	%		10.88	%		8.69	%
International Small Company Y#		-2.88	%		10.93	%		8.72	%
S&P EPAC SmallCap Index		-0.31	%		9.30	%		8.27	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 5/31/07. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 5/28/10. Performance prior to that date is that of the Fund’s Class Y shares which had different operating expenses.

S&P EPAC SmallCap Index is a global equity index comprised of the smallest 15% of each country’s market capitalization in the S&P BMI (Broad Market Index) World. (The S&P BMI World Index captures all companies in developed markets with free float market capitalization of at least $100 million as of the annual index reconstitution.) All developed market countries are included in the S&P EPAC SmallCap except the U.S. and Canada.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.  

2

The Hartford International Small Company Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
International Small Company Class A		1.54	%		1.54	%
International Small Company Class B		2.29	%		2.55	%
International Small Company Class C		2.28	%		2.28	%
International Small Company Class I		1.11	%		1.11	%
International Small Company Class R3		1.65	%		1.69	%
International Small Company Class R4		1.35	%		1.39	%
International Small Company Class R5		1.05	%		1.11	%
International Small Company Class Y		0.99	%		0.99	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Simon Thomas	Daniel Maguire, CFA
Senior Vice President and Equity Portfolio Manager	Director and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford International Small Company Fund returned -3.33%, before sales charge,for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the S&P EPAC SmallCap Index, which returned -0.31% for the same period. The Fund also underperformed the -0.28% average return of the Lipper International Small/Mid-Cap Growth peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. Despite these positives, many market participants found ample reason to reassess their risk appetites (i.e. reduce risks), given the strong performance in recent years. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

Six of the ten sectors within the benchmark posted positive returns. Utilities (+10%), Healthcare (+7%), and Telecommunication Services (+6%) gained the most during the period. Energy (-25%), Materials (-4%), and Industrials (-4%) lagged on a relative basis.

The Fund underperformed its benchmark primarily due to weak stock selection within the Consumer Discretionary, Financials, and Materials sectors; this was partially offset by stronger stock selection within the Healthcare and Industrials sectors. Sector allocation, a fall-out of the bottom-up stock selection process, detracted from the Fund’s relative performance, in part due to overweight allocations to Energy and Industrials. On a regional basis, stock selection within Europe was the primary detractor from benchmark-relative performance which was only partially offset by positive contributions from an overweight to and security selection within Japan.

The largest detractors from absolute and relative performance during the period were Mothercare (Consumer Discretionary), Vocation (Consumer Discretionary), and Iida Group Holdings (Consumer Discretionary). Shares of Mothercare, a U.K.-based retailer of baby clothing and educational toys, declined as earnings results were worse than expected due to gross margin pressure in its U.K. business and lower traffic due to unseasonable weather in Russia and the Middle East, which are important regions for the company. Shares of Vocation, an Australian-based company that delivers government-funded education and training services, fell sharply during the period on the announcement of a larger-than-expected settlement to resolve a dispute with the Australian state of Victoria. Shares of Iida Group Holdings, the newly re-merged group of six homebuilders that is expected to become one of Japan's largest home building companies post the integration, fell during theperiod as higher costs in the built-for-sale housing segment hurt operating profits by more than expected even though sales volumes rose.

3

The Hartford International Small Company Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Top contributors to relative returns during the period were Nippon Shinyaku (Healthcare), Sumco (Information Technology), and Groupe Fnac (Materials). Shares of Nippon Shinyaku , a Japan-based pharmaceutical company, soared as a key drug, developed with Switzerland-based pharmaceutical company Actelion, passed the U.S. Food and Drug Administration’s Phase 3 efficacy test, an important milestone. Shares of Sumco, a Japan-based manufacturer of wafers used to make semiconductor chips, rose during the period as pricing and sales volumes improved. Shares of Groupe Fnac, a leading French retailer of consumer electronics, CDs/DVDs, books and video games, rose as earning results for 4th quarter 2013 beat expectations handily and the momentum continued into the year as 3rd quarter 2014 results were also ahead of expectations due to stabilizing sales and ongoing cost cutting. Top contributors to absolute returns during the period included Zenkoku Hosho (Financials).

Derivatives are not used in a significant manner in this Fund and thus did not have a material impact on performance during the period.

What is the outlook?

Overall, we have observed that the market has been rather narrow and high quality companies with strong returns on invested capital have underperformed. When markets have gone up for a period of time, we believe lower quality companies can gain more attention. Regardless of the market environment, our investment process continues to prioritize intensive fundamental bottom-up research to select stocks that we believe are high quality with strong balance sheets and good business models that are attractively valued relative to their global industry. Further, we buy companies whose results we think will exceed consensus expectations over the next two to three years. We think a disciplined approach to valuation and a quality orientation leads to better results in down markets and overall performance over time.

At the end of the period, we remained most overweight the Industrials, Healthcare, and Energy sectors relative to the benchmark. Our largest underweights were to the Consumer Discretionary, Consumer Staples, and Utilities sectors, relative to the benchmark. On a regional basis, our greatest underweight position, relative to the benchmark, at the end of the period was to Europe (ex U.K.) while we held our largest overweight position in Japan.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary	12.0	%
Consumer Staples	3.2
Energy	3.6
Financials	23.0
Health Care	11.4
Industrials	28.2
Information Technology	8.0
Materials	7.7
Utilities	0.4
Total	97.5	%
Short-Term Investments	1.4
Other Assets and Liabilities	1.1
Total	100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

Currency Concentration of Securities

as of October 31, 2014

Description	Percentage of Net Assets
Australian Dollar	5.5	%
Brazilian Real	0.5
British Pound	18.5
Canadian Dollar	0.3
Danish Kroner	3.1
Euro	19.3
Hong Kong Dollar	0.9
Indonesian New Rupiah	0.4
Japanese Yen	36.8
Mexican New Peso	0.2
Norwegian Krone	1.4
Republic of Korea Won	1.8
South African Rand	0.4
Swedish Krona	1.8
Swiss Franc	5.0
United States Dollar	3.0
Other Assets and Liabilities	1.1
Total	100.0	%

4

The Hartford International Small Company Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 97.5%
		Australia - 5.5%
	288	Challenger Financial Services Group Ltd.	$	1,772
	531	Karoon Gas Australia Ltd. ●		1,388
	465	NuFarm Ltd.		2,027
	433	SAI Global Ltd. ☼		1,569
	1,526	Spotless Group Holdings Ltd. ●		2,581
	196	Super Retail Group Ltd.		1,272
	678	Tox Free Solutions Ltd.		1,454
	2,168	Transpacific Industries Group Ltd.		1,717
	665	Vocation Ltd.		530
				14,310
		Austria - 1.5%
	47	Andritz AG		2,253
	19	Schoeller-Bleckmann Oilfield Equipment AG		1,640
				3,893
		Belgium - 2.9%
	18	Ackermans & van Haaren N.V.		2,250
	26	Compagnie d'Entreprises CFE		2,855
	66	D'ieteren S.A.		2,382
				7,487
		Brazil - 0.5%
	394	Magazine Luiza S.A.		1,311
		China - 1.5%
	2,636	GCL-Poly Energy Holdings Ltd. ●		888
	82	WuXi PharmaTech Cayman, Inc. ●		3,080
				3,968
		Colombia - 0.3%
	45	Pacific Rubiales Energy Corp.		679
		Denmark - 3.1%
	97	DSV AS		2,892
	134	H. Lundbeck A/S		2,851
	101	Matas A/S		2,217
				7,960
		Finland - 0.5%
	61	Tikkurila Oyj		1,263
		France - 2.9%
	28	Eurazeo		1,885
	38	Imerys S.A.		2,714
	336	S.O.I. Tec S.A. ●		837
	5	Virbac S.A.		1,100
	10	Wendel S.A.		1,048
				7,584
		Germany - 4.0%
	55	DMG Mori Seiki AG		1,398
	34	ElringKlinger AG		1,055
	32	Grenke Leasing		3,190
	46	Rheinmetall AG		1,986
	72	SAF-Holland S.A.		906
	33	STRATEC Biomedical AG		1,729
				10,264
		Greece - 0.6%
	154	Grivalia Properties REIC		1,670
		Hong Kong - 0.6%
	432	Shanghai Fosun Pharmaceutical Co., Ltd.		1,555
		Indonesia - 0.4%
	7,814	Gajah Tunggal Tbk PT		931
		Italy - 4.1%
	403	Anima Holding S.p.A. ●		1,887
	45	Banca Generali S.p.A.		1,200
	2,472	Beni Stabili S.p.A.		1,702
	58	Brunello Cucinelli S.p.A.		1,168
	39	DiaSorin S.p.A.		1,509
	35	EI Towers S.p.A. ●		1,737
	772	Immobiliare Grande Distribuzione REIT		645
	28	Salvatore Ferragamo Italia S.p.A.		656
				10,504
		Japan - 36.8%
	66	Asahi Intecc Co., Ltd.		3,011
	112	Chiyoda Corp.		1,154
	64	CyberAgent, Inc.		2,508
	154	Denyo Co., Ltd.		2,045
	72	Digital Garage, Inc.		966
	149	DMG Mori Seiki Co., Ltd.		1,750
	53	Exedy Corp.		1,347
	334	Ferrotec Corp.		1,819
	3	GLP J-REIT		3,170
	21	Hitachi Metals Ltd.		355
	57	Hoshizaki Electric Co., Ltd.		2,771
	73	IBJ Leasing Co., Ltd.		1,727
	74	Ichiyoshi Securities Co., Ltd.		877
	637	IHI Corp.		3,071
	132	IIDA Group Holdings Co., Ltd.		1,471
	72	Internet Initiative Japan, Inc.		1,255
	203	Jaccs Co., Ltd.		1,213
	90	Jamco Corp.		1,995
	39	Japan Petroleum Exploration Co., Ltd.		1,259
	44	Kakaku.com, Inc.		594
	423	Kawasaki Heavy Industries Ltd.		1,662
	825	Kobe Steel Ltd.		1,311
	224	Makino Milling Machine Co.		1,527
	87	Message Co., Ltd.		2,731
	394	Mitsubishi Gas Chemical Co.		2,357
	750	Mitsubishi UFJ Lease & Finance Co., Ltd.		3,957
	216	Nikkiso Co., Ltd.		2,234
	94	Nippon Shinyaku Co., Ltd.		2,706
	119	Nippon Shokubai Co., Ltd. ☼		1,426
	156	Pocket Card Co., Ltd.		952
	45	Sanken Electric Co., Ltd.		353
	281	Sanwa Holdings Corp.		1,949
	1,863	Shinsei Bank Ltd.		4,187
	100	Shionogi & Co., Ltd.		2,603
	146	Shizuoka Gas Co., Ltd.		957
	245	Sumco Corp.		3,290
	69	Sumisho Computer Systems Corp.		1,860
	56	TDK Corp.		3,201
	124	Tenma Corp.		1,723
	56	THK Co., Ltd.		1,404
	252	Tokyo Steel Manufacturing Co., Ltd.		1,349
	62	Tokyo TY Financial Group, Inc. ●		1,973
	26	Tsuruha Holdings, Inc.		1,506
	81	Yamato Kogyo Co.		2,634
	186	Yaskawa Electric Corp.		2,408
	138	Yokogawa Electric Corp.		1,921
	125	Zenkoku Hosho Co., Ltd.		3,944

The accompanying notes are an integral part of these financial statements.

5

The Hartford International Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 97.5% - (continued)
		Japan - 36.8% - (continued)
	62	Zuiko Corp.	$	2,963
				95,446
		Luxembourg - 1.8%
	134	Braas Monier Building Group ●		2,696
	96	Reinet Investments S.A.		2,043
				4,739
		Mexico - 0.2%
	298	Grupo Sanborns S.A. de C.V.		476
		Netherlands - 1.0%
	255	USG People N.V.		2,555
		Norway - 1.4%
	183	Kongsberg Gruppen ASA		3,708
		Russia - 0.4%
	149	O'Key Group S.A. GDR ■		900
		South Africa - 0.4%
	352	Gold Fields Ltd.		1,141
		South Korea - 1.8%
	7	CJ O Shopping Co., Ltd.		1,626
	17	Green Cross Corp.		2,228
	21	Samsung Securities Co., Ltd.		933
				4,787
		Sweden - 1.1%
	261	Bufab Holding AB ●		1,879
	76	Haldex AB		930
				2,809
		Switzerland - 5.0%
	19	Dufry Group ●		2,693
	147	Gategroup Holding AG		3,303
	6	Kuoni Reisen Holding AG		1,527
	79	Oc Oerlikon Corp. Ag-Reg		1,004
	9	Partners Group		2,280
	21	Tecan Group AG		2,203
				13,010
		United Kingdom - 19.2%
	558	B&M European Value Retail S.A. ●		2,234
	34	Berkeley (The) Group Holdings plc		1,261
	216	Big Yellow Group REIT		1,887
	1,461	Booker Group plc		3,284
	176	Chemring Group plc		685
	152	Concentric AB		1,861
	407	Crest Nicholson Holdings Ltd.		2,190
	155	De La Rue plc		1,302
	563	Direct Line Insurance Group plc		2,492
	241	Domino's Pizza Group plc		2,458
	415	Elementis plc		1,758
	832	Hansteen Holdings plc REIT		1,411
	1,267	Hays plc		2,503
	96	Hunting plc		1,127
	210	IG Group Holdings plc		2,020
	94	James Fisher & Sons plc		1,963
	106	Keller Group plc		1,422
	109	Kennedy Wilson Europe Real Estate plc		1,822
	70	Kier Group plc		1,672
	413	Mears Group plc		2,921
	315	Michael Page International plc		1,962
	470	Ophilr Energy plc ●		1,394
	219	Savills plc		2,258
	282	TSB Banking Group plc ●‡		1,220
	649	Tyman plc		2,811
	274	Unite Group plc		1,875
				49,793
		Total Common Stocks
		(Cost $258,168)	$	252,743
		Total Long-Term Investments
		(Cost $258,168)	$	252,743
Short-Term Investments - 1.4%
		Repurchase Agreements - 1.4%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $10, collateralized by U.S. Treasury Note 1.50%, 2019, value of $11)
$	10	0.08%, 10/31/2014	$	10
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $178, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $182)
	178	0.09%, 10/31/2014		178
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $48, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $49)
	48	0.08%, 10/31/2014		48
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $162, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $165)
	162	0.10%, 10/31/2014		162
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $611, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $623)
	611	0.08%, 10/31/2014		611
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $702, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $716)
	702	0.09%, 10/31/2014		702
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $41, collateralized by U.S. Treasury Note 0.88%, 2017, value of $41)
	41	0.13%, 10/31/2014		41

The accompanying notes are an integral part of these financial statements.

6

The Hartford International Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Short-Term Investments - 1.4% - (continued)
		Repurchase Agreements - 1.4% - (continued)
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $60, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $61)
$	60	0.07%, 10/31/2014			$	60
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $629, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $641)
	629	0.08%, 10/31/2014				629
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,218, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $1,243)
	1,218	0.10%, 10/31/2014				1,218
						3,659
		Total Short-Term Investments
		(Cost $3,659)			$	3,659
		Total Investments
		(Cost $261,827) ▲	98.9	%	$	256,402
		Other Assets and Liabilities	1.1	%		2,905
		Total Net Assets	100.0	%	$	259,307

The accompanying notes are an integral part of these financial statements.

7

The Hartford International Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $266,241 and the aggregate gross unrealized appreciation and depreciation based on that cost were:    Unrealized

Appreciation	$	18,498
Unrealized Depreciation		(28,337	)
Net Unrealized Depreciation	$	(9,839	)

● Non-income producing.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities  was $900, which represents 0.4% of total net assets.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $235 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/06/2014

DEUT

$

74

$

74

$

–

$

–

AUD

Buy

11/03/2014

SSG

137

136

–

(1

)

AUD

Buy

11/05/2014

UBS

267

267

–

–

CHF

Buy

11/03/2014

BMO

241

239

–

(2

)

CHF

Buy

11/04/2014

BNY

134

134

–

–

DKK

Buy

11/03/2014

UBS

162

161

–

(1

)

EUR

Buy

11/04/2014

WEST

308

308

–

–

EUR

Sell

11/03/2014

RBC

103

102

1

–

GBP

Buy

11/03/2014

BMO

255

255

–

–

GBP

Buy

11/04/2014

MSC

32

32

–

–

JPY

Sell

11/06/2014

DEUT

1,315

1,307

8

–

JPY

Sell

11/04/2014

SSG

33

32

1

–

JPY

Sell

11/05/2014

UBS

2,235

2,170

65

–

MXN

Sell

11/05/2014

SSG

52

52

–

–

SEK

Sell

11/03/2014

UBS

67

67

–

–

Total

$

75

$

(4

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

8

The Hartford International Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BMO	Bank of Montreal
BNY	BNY Mellon
DEUT	Deutsche Bank Securities, Inc.
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
SSG	State Street Global Markets LLC
UBS	UBS AG
WEST	Westpac International

Currency Abbreviations:
AUD	Australian Dollar
CHF	Swiss Franc
DKK	Danish Krone
EUR	EURO
GBP	British Pound
JPY	Japanese Yen
MXN	Mexican New Peso
SEK	Swedish Krona

Other Abbreviations:
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GDR	Global Depositary Receipt
GNMA	Government National Mortgage Association
J-REIT	Japanese Real Estate Investment Trust
REIC	Real Estate Investment Company
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

9

The Hartford International Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Australia	$	14,310	$	1,717	$	12,593	$	–
Austria		3,893		–		3,893		–
Belgium		7,487		2,382		5,105		–
Brazil		1,311		1,311		–		–
China		3,968		3,080		888		–
Colombia		679		679		–		–
Denmark		7,960		–		7,960		–
Finland		1,263		–		1,263		–
France		7,584		–		7,584		–
Germany		10,264		1,729		8,535		–
Greece		1,670		–		1,670		–
Hong Kong		1,555		–		1,555		–
Indonesia		931		–		931		–
Italy		10,504		3,439		7,065		–
Japan		95,446		1,973		93,473		–
Luxembourg		4,739		2,043		2,696		–
Mexico		476		476		–		–
Netherlands		2,555		–		2,555		–
Norway		3,708		3,708		–		–
Russia		900		900		–		–
South Africa		1,141		–		1,141		–
South Korea		4,787		–		4,787		–
Sweden		2,809		1,879		930		–
Switzerland		13,010		–		13,010		–
United Kingdom		49,793		8,302		41,491		–
Total	$	252,743	$	33,618	$	219,125	$	–
Short-Term Investments		3,659		–		3,659		–
Total	$	256,402	$	33,618	$	222,784	$	–
Foreign Currency Contracts*	$	75	$	–	$	75	$	–
Total	$	75	$	–	$	75	$	–
Liabilities:
Foreign Currency Contracts*	$	4	$	–	$	4	$	–
Total	$	4	$	–	$	4	$	–

♦ For the year ended October 31, 2014, investments valued at $20,992 were transferred from Level 1 to Level 2, and investments valued at $8,184 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

10

The Hartford International Small Company Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $261,827)	$	256,402
Cash		141
Foreign currency on deposit with custodian (cost $—)		—
Unrealized appreciation on foreign currency contracts		75
Receivables:
Investment securities sold		4,224
Fund shares sold		195
Dividends and interest		956
Other assets		40
Total assets		262,033
Liabilities:
Unrealized depreciation on foreign currency contracts		4
Payables:
Investment securities purchased		2,238
Fund shares redeemed		375
Investment management fees		44
Administrative fees		1
Distribution fees		8
Accrued expenses		56
Total liabilities		2,726
Net assets	$	259,307
Summary of Net Assets:
Capital stock and paid-in-capital	$	217,903
Undistributed net investment income		2,078
Accumulated net realized gain		44,773
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(5,447	)
Net assets	$	259,307
Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$16.85/$17.83
Shares outstanding		4,101
Net assets	$	69,074
Class B: Net asset value per share	$	15.88
Shares outstanding		159
Net assets	$	2,524
Class C: Net asset value per share	$	15.61
Shares outstanding		1,073
Net assets	$	16,752
Class I: Net asset value per share	$	16.76
Shares outstanding		2,237
Net assets	$	37,503
Class R3: Net asset value per share	$	16.94
Shares outstanding		555
Net assets	$	9,399
Class R4: Net asset value per share	$	17.02
Shares outstanding		397
Net assets	$	6,754
Class R5: Net asset value per share	$	17.11
Shares outstanding		20
Net assets	$	343
Class Y: Net asset value per share	$	17.12
Shares outstanding		6,833
Net assets	$	116,958

The accompanying notes are an integral part of these financial statements.

11

The Hartford International Small Company Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	6,861
Interest		4
Less: Foreign tax withheld		(806	)
Total investment income		6,059
Expenses:
Investment management fees		2,936
Administrative services fees
Class R3		18
Class R4		9
Class R5		1
Transfer agent fees
Class A		193
Class B		19
Class C		35
Class I		63
Class R3		—
Class R4		—
Class R5		—
Class Y		3
Distribution fees
Class A		194
Class B		37
Class C		175
Class R3		45
Class R4		15
Custodian fees		28
Accounting services fees		59
Registration and filing fees		116
Board of Directors' fees		10
Audit fees		20
Other expenses		56
Total expenses (before waivers and fees paid indirectly)		4,032
Expense waivers		(7	)
Transfer agent fee waivers		(8	)
Commission recapture		(4	)
Total waivers and fees paid indirectly		(19	)
Total expenses, net		4,013
Net Investment Income		2,046
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		51,102
Net realized gain on foreign currency contracts		69
Net realized loss on other foreign currency transactions		(286	)
Net Realized Gain on Investments and Foreign Currency Transactions		50,885
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(56,825	)
Net unrealized appreciation of foreign currency contracts		87
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(109	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(56,847	)
Net Loss on Investments and Foreign Currency Transactions		(5,962	)
Net Decrease in Net Assets Resulting from Operations	$	(3,916	)

The accompanying notes are an integral part of these financial statements.

12

The Hartford International Small Company Fund

Statement of Changes in Net Assets 

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	2,046		$	1,982
Net realized gain on investments and foreign currency transactions		50,885			46,215
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(56,847	)		34,230
Net Increase (Decrease) in Net Assets Resulting from Operations		(3,916	)		82,427
Distributions to Shareholders:
From net investment income
Class A		(122	)		(847	)
Class B		—			(45	)
Class C		—			(99	)
Class I		(56	)		(57	)
Class R3		(8	)		(71	)
Class R4		(17	)		(37	)
Class R5		(4	)		(4	)
Class Y		(1,305	)		(3,585	)
Total distributions		(1,512	)		(4,745	)
Capital Share Transactions:
Class A		7,731			1,674
Class B		(1,907	)		(1,789	)
Class C		5,689			445
Class I		35,078			(3,973	)
Class R3		2,525			1,471
Class R4		3,481			1,149
Class R5		(255	)		376
Class Y		(101,696	)		(755	)
Net decrease from capital share transactions		(49,354	)		(1,402	)
Net Increase (Decrease) in Net Assets		(54,782	)		76,280
Net Assets:
Beginning of period		314,089			237,809
End of period	$	259,307		$	314,089
Undistributed (distributions in excess of) net investment income	$	2,078		$	288

The accompanying notes are an integral part of these financial statements.

13

The Hartford International Small Company Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford International Small Company Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may 

14

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. 

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when

15

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal

16

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

17

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	75	$	—	$	—	$	—	$	—	$	75
Total	$	—	$	75	$	—	$	—	$	—	$	—	$	75
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	4	$	—	$	—	$	—	$	—	$	4
Total	$	—	$	4	$	—	$	—	$	—	$	—	$	4

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on foreign currency contracts	$	—	$	69	$	—	$	—	$	—	$	—	$	69
Total	$	—	$	69	$	—	$	—	$	—	$	—	$	69
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	87	$	—	$	—	$	—	$	—	$	87
Total	$	—	$	87	$	—	$	—	$	—	$	—	$	87

18

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The derivatives held by the Fund as of October 31, 2014 are not subject to a master netting arrangement; therefore, no balance sheet offsetting disclosure is presented.

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	1,512	$	4,745

19

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	11,203
Undistributed Long-Term Capital Gain		40,062
Unrealized Depreciation*		(9,861	)
Total Accumulated Earnings	$	41,404

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	1,256
Accumulated Net Realized Gain (Loss)		(1,256	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

During the year ended October 31, 2014, the Fund utilized $2,972 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a

20

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million		0.9000%
On next $500 million		0.8500%
On next $4 billion		0.8000%
On next $5 billion		0.7975%
Over $10 billion		0.7950%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion		0.018%
On next $5 billion		0.014%
Over $10 billion		0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.60%	2.35%	2.35%	1.35%	1.65%	1.35%	1.05%	1.00%

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.49	%
Class B		2.29
Class C		2.19
Class I		1.19
Class R3		1.65
Class R4		1.35
Class R5		1.05
Class Y		0.99

21

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $317 and contingent deferred sales charges of $3 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		14	%

22

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	208,422	$	—	$	208,422
Sales Proceeds		256,110		—		256,110

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		1,926		7		(1,493	)		440			801		60		(785	)		76
Amount	$	34,615	$	119	$	(27,003	)	$	7,731		$	12,380	$	825	$	(11,531	)	$	1,674
Class B
Shares		6		—		(119	)		(113	)		10		3		(140	)		(127	)
Amount	$	98	$	—	$	(2,005	)	$	(1,907	)	$	132	$	44	$	(1,965	)	$	(1,789	)
Class C
Shares		513		—		(174	)		339			131		7		(109	)		29
Amount	$	8,539	$	—	$	(2,850	)	$	5,689		$	1,867	$	91	$	(1,513	)	$	445
Class I
Shares		3,241		3		(1,326	)		1,918			231		3		(586	)		(352	)
Amount	$	57,931	$	47	$	(22,900	)	$	35,078		$	3,717	$	47	$	(7,737	)	$	(3,973	)
Class R3
Shares		257		1		(119	)		139			180		5		(94	)		91
Amount	$	4,642	$	8	$	(2,125	)	$	2,525		$	2,780	$	71	$	(1,380	)	$	1,471
Class R4
Shares		255		1		(67	)		189			92		3		(23	)		72
Amount	$	4,657	$	16	$	(1,192	)	$	3,481		$	1,456	$	37	$	(344	)	$	1,149
Class R5
Shares		17		—		(32	)		(15	)		30		—		(7	)		23
Amount	$	309	$	4	$	(568	)	$	(255	)	$	480	$	4	$	(108	)	$	376
Class Y
Shares		2,158		71		(7,611	)		(5,382	)		3,549		258		(3,739	)		68
Amount	$	39,331	$	1,305	$	(142,332	)	$	(101,696	)	$	53,153	$	3,585	$	(57,493	)	$	(755	)
Total
Shares		8,373		83		(10,941	)		(2,485	)		5,024		339		(5,483	)		(120	)
Amount	$	150,122	$	1,499	$	(200,975	)	$	(49,354	)	$	75,965	$	4,704	$	(82,071	)	$	(1,402	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		45	$	809
For the Year Ended October 31, 2013		37	$	548

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in

23

The Hartford International Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

24

The Hartford International Small Company Fund

Financial Highlights

	- Selected Per-Share Data - (A)																								- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	17.46	$	0.07		$	(0.65	)	$	(0.58	)	$	(0.03	)	$	–	$	(0.03	)	$	16.85		(3.33	)%	$	69,074		1.49	%		1.49	%		0.37	%
B		16.57		(0.10	)		(0.59	)		(0.69	)		–			–		–			15.88		(4.16	)		2,524		2.52			2.29			(0.58	)
C		16.27		(0.05	)		(0.61	)		(0.66	)		–			–		–			15.61		(4.06	)		16,752		2.19			2.19			(0.32	)
I		17.39		0.15			(0.68	)		(0.53	)		(0.10	)		–		(0.10	)		16.76		(3.08	)		37,503		1.19			1.19			0.86
R3		17.58		0.04			(0.66	)		(0.62	)		(0.02	)		–		(0.02	)		16.94		(3.54	)		9,399		1.70			1.65			0.20
R4		17.65		0.09			(0.65	)		(0.56	)		(0.07	)		–		(0.07	)		17.02		(3.22	)		6,754		1.40			1.35			0.50
R5		17.72		0.13			(0.64	)		(0.51	)		(0.10	)		–		(0.10	)		17.11		(2.90	)		343		1.10			1.05			0.70
Y		17.73		0.15			(0.65	)		(0.50	)		(0.11	)		–		(0.11	)		17.12		(2.88	)		116,958		0.99			0.99			0.84
For the Year Ended October 31, 2013
A	$	13.14	$	0.05		$	4.51		$	4.56		$	(0.24	)	$	–	$	(0.24	)	$	17.46		35.16	%	$	63,926		1.54	%		1.54	%		0.34	%
B		12.47		(0.06	)		4.28			4.22			(0.12	)		–		(0.12	)		16.57		34.12			4,504		2.55			2.29			(0.43	)
C		12.26		(0.05	)		4.20			4.15			(0.14	)		–		(0.14	)		16.27		34.19			11,936		2.28			2.28			(0.39	)
I		13.09		0.10			4.49			4.59			(0.29	)		–		(0.29	)		17.39		35.66			5,546		1.11			1.11			0.64
R3		13.24		0.04			4.53			4.57			(0.23	)		–		(0.23	)		17.58		35.02			7,319		1.69			1.65			0.24
R4		13.29		0.08			4.55			4.63			(0.27	)		–		(0.27	)		17.65		35.44			3,662		1.39			1.35			0.53
R5		13.34		0.14			4.54			4.68			(0.30	)		–		(0.30	)		17.72		35.74			622		1.11			1.05			0.93
Y		13.34		0.14			4.56			4.70			(0.31	)		–		(0.31	)		17.73		35.86			216,574		0.99			0.99			0.94
For the Year Ended October 31, 2012 (D)
A	$	12.03	$	0.08		$	1.06		$	1.14		$	(0.03	)	$	–	$	(0.03	)	$	13.14		9.56	%	$	47,109		1.61	%		1.55	%		0.59	%
B		11.47		(0.03	)		1.03			1.00			–			–		–			12.47		8.72			4,973		2.62			2.30			(0.20	)
C		11.28		(0.02	)		1.00			0.98			–			–		–			12.26		8.69			8,647		2.37			2.30			(0.17	)
I		12.00		0.13			1.06			1.19			(0.10	)		–		(0.10	)		13.09		10.08			8,781		1.06			1.05			1.12
R3		12.16		0.08			1.06			1.14			(0.06	)		–		(0.06	)		13.24		9.44			4,297		1.71			1.65			0.62
R4		12.20		0.12			1.06			1.18			(0.09	)		–		(0.09	)		13.29		9.81			1,802		1.41			1.35			0.95
R5		12.22		0.14			1.08			1.22			(0.10	)		–		(0.10	)		13.34		10.17			164		1.15			1.05			1.15
Y		12.23		0.13			1.09			1.22			(0.11	)		–		(0.11	)		13.34		10.14			162,036		1.01			1.00			1.11
For the Year Ended October 31, 2011
A	$	12.56	$	0.07		$	(0.47	)	$	(0.40	)	$	(0.13	)	$	–	$	(0.13	)	$	12.03		(3.28	)%	$	50,854		1.59	%		1.55	%		0.51	%
B		11.97		(0.04	)		(0.43	)		(0.47	)		(0.03	)		–		(0.03	)		11.47		(3.91	)		6,188		2.55			2.30			(0.29	)
C		11.78		(0.03	)		(0.43	)		(0.46	)		(0.04	)		–		(0.04	)		11.28		(3.93	)		9,420		2.34			2.30			(0.27	)
I		12.53		0.12			(0.46	)		(0.34	)		(0.19	)		–		(0.19	)		12.00		(2.82	)		7,309		1.09			1.07			0.94
R3		12.72		0.09			(0.50	)		(0.41	)		(0.15	)		–		(0.15	)		12.16		(3.31	)		2,065		1.71			1.65			0.73
R4		12.74		0.12			(0.50	)		(0.38	)		(0.16	)		–		(0.16	)		12.20		(3.10	)		356		1.44			1.35			0.90
R5		12.75		0.13			(0.47	)		(0.34	)		(0.19	)		–		(0.19	)		12.22		(2.77	)		126		1.12			1.05			0.99
Y		12.76		0.14			(0.48	)		(0.34	)		(0.19	)		–		(0.19	)		12.23		(2.72	)		105,329		1.02			1.00			1.03

See Portfolio Turnover information on the next page.

25

The Hartford International Small Company Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	10.74	$	0.02		$	1.92	$	1.94	$	(0.12	)	$	–	$	(0.12	)	$	12.56		18.22	%	$	53,514		1.63	%		1.57	%		0.14	%
B		10.28		(0.07	)		1.84		1.77		(0.08	)		–		(0.08	)		11.97		17.28			7,850		2.60			2.32			(0.63	)
C		10.10		(0.07	)		1.80		1.73		(0.05	)		–		(0.05	)		11.78		17.23			11,103		2.37			2.32			(0.62	)
I		10.70		0.07			1.91		1.98		(0.15	)		–		(0.15	)		12.53		18.76			7,698		1.08			1.08			0.63
R3(E)		10.20		–			2.52		2.52		–			–		–			12.72		24.71	(F)		125		1.73	(G)		1.65	(G)		0.08	(G)
R4(E)		10.20		0.02			2.52		2.54		–			–		–			12.74		24.90	(F)		125		1.43	(G)		1.36	(G)		0.38	(G)
R5(E)		10.20		0.04			2.51		2.55		–			–		–			12.75		25.00	(F)		125		1.12	(G)		1.06	(G)		0.68	(G)
Y		10.89		0.07			1.96		2.03		(0.16	)		–		(0.16	)		12.76		18.83			111,493		1.02			1.02			0.68

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

(E) Commenced operations on May 28, 2010.

(F) Not annualized.

(G) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		66	%
For the Year Ended October 31, 2013		78
For the Year Ended October 31, 2012		61
For the Year Ended October 31, 2011		69
For the Year Ended October 31, 2010		97

26

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford International Small Company Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford International Small Company Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

27

The Hartford International Small Company Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

28

The Hartford International Small Company Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

        In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

        Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

        Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

        Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

        Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

        Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

29

The Hartford International Small Company Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

        Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

        Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

        Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

        Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

        Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

        Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

30

The Hartford International Small Company Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

31

The Hartford International Small Company Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	933.50	$	7.31	$	1,000.00	$	1,017.64	$	7.63		1.50	%		184		365
Class B	$	1,000.00	$	929.70	$	11.09	$	1,000.00	$	1,013.71	$	11.57		2.28			184		365
Class C	$	1,000.00	$	930.30	$	10.70	$	1,000.00	$	1,014.12	$	11.17		2.20			184		365
Class I	$	1,000.00	$	934.70	$	5.90	$	1,000.00	$	1,019.11	$	6.16		1.21			184		365
Class R3	$	1,000.00	$	932.30	$	8.03	$	1,000.00	$	1,016.89	$	8.38		1.65			184		365
Class R4	$	1,000.00	$	934.10	$	6.58	$	1,000.00	$	1,018.40	$	6.86		1.35			184		365
Class R5	$	1,000.00	$	936.00	$	5.12	$	1,000.00	$	1,019.91	$	5.34		1.05			184		365
Class Y	$	1,000.00	$	935.50	$	4.88	$	1,000.00	$	1,020.16	$	5.09		1.00			184		365

32

The Hartford International Small Company Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford International Small Company Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

33

The Hartford International Small Company Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period, the 2^nd quintile for the 3-year period and the 3^rd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods. The Board further noted that certain changes had recently been made to the Fund’s principal investment strategy.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

34

The Hartford International Small Company Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis and that certain factors were identified by HFMC as having had a potential impact on the negotiation of the Fund’s sub-advisory fee levels. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 2^nd quintile of its expense group, while its actual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile.The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

35

The Hartford International Small Company Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

36

The Hartford International Small Company Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Small-Cap Stock Risk: Small-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets.

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

37

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.   

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.   

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-ISC14 12/14 113989-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD  
INTERNATIONAL VALUE FUND     2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford International Value Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	11
Statement of Operations for the Year Ended October 31, 2014	12
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	13
Notes to Financial Statements	14
Financial Highlights	27
Report of Independent Registered Public Accounting Firm	29
Directors and Officers (Unaudited)	30
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	32
Quarterly Portfolio Holdings Information (Unaudited)	32
Federal Tax Information (Unaudited)	33
Expense Example (Unaudited)	34
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	35
Main Risks (Unaudited)	39

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford International Value Fund* inception 05/28/2010

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term total return.

Performance Overview 5/28/10 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			Since      Inception▲
International Value A#		1.05	%		11.42	%
International Value A##		-4.50	%		10.00	%
International Value C#		0.35	%		10.65	%
International Value C##		-0.65	%		10.65	%
International Value I#		1.40	%		11.81	%
International Value R3#		0.77	%		11.14	%
International Value R4#		1.12	%		11.49	%
International Value R5#		1.40	%		11.82	%
International Value Y#		1.44	%		12.32	%
MSCI EAFE Index		-0.17	%		10.20	%
MSCI EAFE Value Index		-0.10	%		9.87	%

▲		Inception: 05/28/2010
	#	Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

MSCI EAFE Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. The MSCI EAFE Index consists of the following 21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.

MSCI EAFE Value Index is a free float-adjusted market capitalization-weighted index that is designed to measure developed market equity performance (excluding the U.S. and Canada) of the value securities within the MSCI EAFE Index.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

* Effective on the close of business on November 28, 2014, the Fund is closed to new investors until further notice. For more information, please see the Fund’s prospectus.

2

The Hartford International Value Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
International Value Class A		1.40	%		1.91	%
International Value Class C		2.15	%		2.57	%
International Value Class I		1.15	%		1.48	%
International Value Class R3		1.60	%		2.17	%
International Value Class R4		1.30	%		1.86	%
International Value Class R5		1.00	%		1.56	%
International Value Class Y		0.95	%		1.27	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Manager

James H. Shakin, CFA

Senior Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford International Value Fund returned 1.05%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmarks, the MSCI EAFE Index and the MSCI EAFE Value Index, which returned -0.17% and -0.10%, respectively, for the same period. The Fund also outperformed the -1.06% average return of the Lipper International Multi Cap Value Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

Seven out of ten sectors in the MSCI EAFE Value Index fell during the period. Within the Index, Consumer Staples (-8%), Materials (-8%), and Consumer Discretionary (-4%) lagged on a relative basis. Healthcare (+11%), Utilities (+10%), and Information Technology (+9%) sectors gained the most during the period.

Sector allocation, which is a result of bottom-up stock selection decisions, was the main driver of relative outperformance during the period, primarily due to the Fund’s overweight to Information Technology and underweight to Consumer Staples sectors. The Fund’s underweight to Utilities and overweight to Materials detracted from relative performance during the period. Security selection, which was strongest in Consumer Discretionary, Information Technology, and Healthcare, contributed positively to benchmark-relative performance during the period. Stock selection was particularly strong in Japan. This was partially offset by weaker stock selection in the Energy, Utilities, and Staples sectors.

Among the top contributors to benchmark-relative returns (i.e. relative to the MSCI EAFE Value Index) were Mixi, Inc. (Information Technology), Fujitsu (Information Technology), and Tesco (Consumer Staples). Japanese social gaming and app developer Mixi, Inc. rose after its new game, Monster Strike, gained popularity across both iOS and Android devices. Fujitsu, a Japan-based information and communication technology company offering a wide range of technology products, rose as the company announced net sales in 2013 increased from the prior year. Shares of Tesco, a U.K.-based company engaged in retailing and associated activities, declined due to a drop in sales and an associated loss of the grocery market share. Not owning Tesco, a component in the MSCI EAFE Value Index, positively contributed to benchmark-relative performance. Top absolute contributors for the period also included AstraZeneca (Healthcare).

Kinross Gold Corp. (Materials), Royal Dutch Shell (Energy), and Lonmin (Materials) were among the top detractors from benchmark-relative returns (i.e. relative to the MSCI EAFE Value Index) during

3

The Hartford International Value Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

the period. Kinross Gold Corp., gold and silver mining company, underperformed as geopolitical tensions in Russia raised concerns over the company’s assets in the country, and a weak gold price also weighed on shares. Shares of Royal Dutch Shell, a global independent oil and gas company, rose during the period as the company continued to execute on its cost-cutting plans and had benefited from improved operations in its upstream and U.S. unconventional production business. Not owning benchmark constituent Royal Dutch Shell detracted from relative performance during the period. Lonmin, a U.K.-based company that focuses on mining, refining, and marketing of platinum group metals, underperformed as prolonged mine strikes in South Africa raised costs and slowed production across the company’s mines. Top absolute detractors for the period also included Standard Chartered (Financials).

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We believe the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We continue to take modest active positions in companies that we believe have low prices, low valuations and low expectations that provide a base for significant upside potential.

As a result of bottom-up stock selection we ended the period most overweight the Information Technology, Materials, and Industrials sectors and most underweight the Financials, Telecommunication Services, and Utilities sectors relative to the Index. On a country basis, the Fund ended the period with the largest overweights to Japan and Canada and the largest underweights to the United Kingdom and Australia.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		11.8	%
Consumer Staples		1.9
Energy		9.5
Financials		20.8
Health Care		6.9
Industrials		12.7
Information Technology		13.0
Materials		13.6
Services		2.9
Utilities		2.8
Total		95.9	%
Short-Term Investments		4.9
Other Assets and Liabilities		(0.8	)
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

Currency Concentration of Securities

as of October 31, 2014

	Percentage of
Description	Net Assets
Australian Dollar		1.0	%
Brazilian Real		0.0
British Pound		12.0
Canadian Dollar		2.6
Danish Kroner		0.4
Euro		28.4
Hong Kong Dollar		2.0
Hungarian Forint		0.8
Indian Rupee		1.4
Japanese Yen		37.0
Norwegian Krone		0.5
Republic of Korea Won		2.0
South African Rand		1.4
Swedish Krona		0.4
Swiss Franc		3.4
Taiwanese Dollar		0.1
United States Dollar		7.4
Other Assets and Liabilities		(0.8	)
Total		100.0	%

4

The Hartford International Value Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 95.9%
		Australia - 1.1%
	2,430	Aquarius Platinum Ltd. ●	$	642
	533	Energy Resources of Australia Ltd. ●☼		603
	3,862	Qantas Airways Ltd. ●☼		5,771
	4,530	Resolute Mining Ltd. ●☼		1,276
				8,292
		Austria - 0.2%
	92	Zumtobel Group AG		1,616
		Belgium - 1.5%
	188	Ageas		6,289
	692	Agfa Gevaert N.V. ●		1,745
	44	Delhaize-Le Lion S.A.		3,020
				11,054
		Brazil - 0.7%
	30	HRT Participacoes em Petroleo S.A. ●		117
	425	Petroleo Brasileiro S.A. ADR		4,975
				5,092
		Canada - 3.4%
	282	Barrick Gold Corp.		3,350
	591	Centerra Gold, Inc.		2,306
	594	Eldorado Gold Corp.		3,257
	197	EnCana Corp.		3,661
	1,514	Kinross Gold Corp. ●		3,254
	473	Legacy Oil + Gas, Inc. ●		1,924
	154	Northern Dynasty Minerals Ltd. ●		59
	242	Painted Pony Petroleum Ltd. ●		2,295
	368	Talisman Energy, Inc.		2,345
	611	Uranium Participation Corp. ●		2,745
				25,196
		China - 1.7%
	4,438	AMVIG Holdings Ltd.		2,077
	7,878	Daphne International Holdings Ltd.		3,966
	6,545	Kingboard Laminates Holdings Ltd. ●		2,669
	3,714	New World Department Store China		1,360
	445	Sinovac Biotech Ltd. ●		2,356
				12,428
		Denmark - 0.4%
	153	H. Lundbeck A/S		3,237
		France - 13.0%
	71	Alten Ltd.		3,033
	124	BNP Paribas		7,780
	119	Capital Gemini S.A.		7,804
	218	Compagnie De Saint-Gobain		9,375
	33	Devoteam S.A.		535
	371	GDF Suez		9,005
	74	GFI Informatique S.A.		460
	116	Groupe Steria SCA		2,167
	57	Lafarge S.A.		3,966
	194	Metropole Television S.A.		3,365
	387	Orange S.A.		6,169
	505	Peugeot S.A. ●		6,007
	66	Renault S.A.		4,876
	40	S.p.A.Group S.A.		2,983
	75	Saft Groupe S.A.		2,244
	127	Societe Generale Class A		6,101
	114	Thales S.A.		5,685
	231	Total S.A.		13,801
				95,356
		Germany - 4.6%
	316	Deutsche Lufthansa AG		4,678
	273	E.On SE		4,714
	109	Hamburger Hafen und Logistik		2,392
	41	Koenig & Bauer AG ●		515
	260	Kontron AG ●		1,505
	98	Osram Licht AG ●		3,455
	126	Rheinmetall AG		5,446
	132	RWE AG		4,696
	118	Salzgitter AG		3,556
	191	Suedzucker AG		2,666
				33,623
		Greece - 0.5%
	1,682	Alpha Bank A.E. ●		1,096
	1,752	Piraeus Bank S.A. ●		2,548
				3,644
		Hong Kong - 0.6%
	674	Clear Media Ltd.		687
	312	Dah Sing Financial Group		1,940
	82,869	G-Resources Group Ltd. ●		2,026
				4,653
		Hungary - 0.8%
	1,967	Magyar Tavkozlesi Rt ●		2,723
	169	OTP Bank plc ●		2,791
				5,514
		India - 1.4%
	815	Allahabad Bank Ltd.		1,522
	331	Canara Bank Ltd.		2,168
	222	Corp. Bank		1,223
	5,175	Manappuram Finance Ltd.		2,654
	987	NTPC Ltd.		2,410
				9,977
		Ireland - 0.8%
	770	AER Lingus Group plc		1,384
	208	CRH plc		4,616
				6,000
		Italy - 2.9%
	217	Banca Popolare dell-Emilia Romagna Scrl ●		1,653
	320	Buzzi Unicem S.p.A.		4,335
	476	Eni S.p.A.		10,148
	758	UniCredit S.p.A.		5,487
				21,623
		Japan - 37.0%
	174	Adastria Holdings Co., Ltd. ☼		3,862
	90	AEON Delight Co., Ltd. ☼		2,194
	414	Aichi Steel Corp. ☼		1,489
	273	Aisan Industry Co., Ltd. ☼		2,189
	28	Alpha Systems, Inc. ☼		375
	124	Avex, Inc. ☼		1,837
	243	Canon, Inc. ☼		7,467
	139	Cawachi Ltd. ☼		2,156
	178	Chubu Steel Plate Co., Ltd. ☼		808
	129	CMIC Holdings Co., Ltd. ☼		1,960
	333	Dai-ichi Life Insurance Co., Ltd. ☼		5,039
	258	Daiichi Sankyo Co., Ltd.		3,876
	106	Dai-Ichi Seiko Co., Ltd. ☼		2,002
	245	DeNa Co., Ltd. ☼		3,161
	597	Eighteenth (The) Bank Ltd.		1,691
	169	Eisai Co., Ltd. ☼		6,600
	125	En-Japan, Inc. ☼		2,209

The accompanying notes are an integral part of these financial statements.

5

The Hartford International Value Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 95.9% - (continued)
		Japan - 37.0% - (continued)
	125	Exedy Corp. ☼	$	3,162
	252	Fuji Machine Manufacturing Co.		2,426
	200	Fujimi, Inc. ☼		2,754
	1,351	Fujitsu Ltd. ☼		8,213
	318	Funai Electric Co., Ltd. ☼		2,851
	81	Futaba Corp. ☼		1,150
	84	Gendai Agency, Inc. ☼		492
	360	Gree, Inc. ☼		2,575
	469	Higashi-Nippon Bank Ltd. ☼		1,188
	163	Hisaka Works Ltd. ☼		1,485
	322	Hitachi Chemical Co., Ltd. ☼		5,681
	277	Honda Motor Co., Ltd. ☼		8,843
	253	Honeys Co., Ltd. ☼		2,367
	547	Hosiden Corp. ☼		2,965
	404	Inpex Corp. ☼		5,171
	104	Itochu Techno-Solutions Corp. ☼		4,149
	75	Japan Digital Laboratory Co., Ltd. ☼		1,334
	115	Japan Petroleum Exploration Co., Ltd. ☼		3,769
	908	Japan Steel Works Ltd. ☼		3,248
	280	JSR Corp. ☼		5,039
	285	Keihin Corp. ☼		3,603
	123	Kuroda Electric Co., Ltd. ☼		1,725
	96	Maruichi Steel Tube Ltd. ☼		2,258
	123	Melco Holdings, Inc. ☼		1,767
	261	Mimasu Semiconductor Industry Co., Ltd. ☼		2,352
	137	Miraial Co., Ltd. ☼		2,111
	1,731	Mitsubishi UFJ Financial Group, Inc. ☼		10,090
	1,740	Mitsui Chemicals, Inc. ☼		5,042
	283	Mitsumi Electric Co., Ltd. ☼		1,762
	195	Moshi Moshi Hotline, Inc. ☼		1,946
	416	Net One Systems Co., Ltd. ☼		2,427
	106	Neturen Co., Ltd. ☼		760
	512	Nichicon Corp. ☼		3,453
	36	Nintendo Co., Ltd. ☼		3,923
	345	Nishimatsuya Chain Co., Ltd. ☼		3,122
	93	Nitto Denko Corp. ☼		5,008
	78	NSD Co., Ltd.		1,147
	392	Oita Bank Ltd. ☼		1,469
	106	Pal Co., Ltd. ☼		3,188
	104	Proto Corp. ☼		1,429
	82	Rohm Co., Ltd. ☼		5,010
	1,040	SCREEN Holdings Co., Ltd. ☼		5,668
	40	Shimamura Co., Ltd. ☼		3,492
	261	Shinkawa Ltd. ●☼		1,304
	639	Shinko Electric Industries Co., Ltd. ☼		3,713
	1,103	Sumitomo Bakelite Co., Ltd. ☼		4,341
	206	Sumitomo Mitsui Financial Group, Inc. ☼		8,389
	264	Sumitomo Riko Co., Ltd. ☼		2,265
	619	T&D Holdings, Inc. ☼		7,974
	221	Takata Corp. ☼		2,893
	213	Takeda Pharmaceutical Co., Ltd. ☼		9,242
	430	Tochigi (The) Bank Ltd.		1,748
	206	Tokai Rika Co., Ltd. ☼		3,918
	228	Tokyo Seimitsu Co., Ltd. ☼		3,715
	535	Tokyo Steel Manufacturing Co., Ltd. ☼		2,869
	79	Topre Corp. ☼		1,124
	682	Toshiba Machine Co., Ltd. ☼		2,710
	280	Toyoda Gosei Co., Ltd. ☼		5,372
	401	Toyota Boshoku Corp. ☼		4,554
	47	Tri-Stage, Inc.		533
	339	Ushio, Inc. ☼		3,560
	187	XEBIO Co., Ltd. ☼		2,928
	328	Yamanashi (The) Chuo Bank Ltd. ☼		1,484
	131	Yamato Kogyo Co. ☼		4,257
	70	Yamazen Corp.		543
	342	Yodogawa Steel Works Ltd.		1,338
	73	Zuken, Inc.		648
				271,951
		Luxembourg - 0.4%
	158	Oriflame Cosmetics S.A. ADR		2,764
		Netherlands - 3.9%
	281	Delta Lloyd N.V.		6,409
	599	ING Groep N.V. ●		8,576
	222	Koninklijke Philips N.V.		6,205
	1,344	PostNL ●		5,712
	209	USG People N.V.		2,096
				28,998
		Norway - 0.5%
	759	Storebrand ASA ●		3,891
		Portugal - 0.0%
	908	Banco Espirito Santo S.A. ⌂●†		21
		Russia - 0.7%
	725	OAO Gazprom Class S ADR		4,806
		South Africa - 1.4%
	103	Anglo American Platinum Ltd. ●☼		3,244
	616	Impala Platinum Holdings Ltd. ●☼		4,490
	1,191	Raubex Group Ltd. ☼		2,407
				10,141
		South Korea - 2.0%
	115	KB Financial Group, Inc.		4,501
	169	Korea Telecom Corp.		5,204
	64	Shinhan Financial Group Co., Ltd.		2,999
	191	Tongyang Life Insurance		2,080
				14,784
		Spain - 1.6%
	240	Almirall S.A. ●		3,934
	500	Telefonica S.A.		7,517
				11,451
		Switzerland - 3.4%
	81	Adecco S.A.		5,460
	60	Holcim Ltd.		4,231
	55	Julius Baer Group Ltd.		2,402
	300	Micronas Semiconductor Holding AG		2,008
	6	Roche Holding AG		1,653
	545	UBS AG		9,478
				25,232
		Taiwan - 0.1%
	1,025	Compal Electronics, Inc.		758
		United Kingdom - 11.3%
	341	Anglo American plc		7,208
	221	AstraZeneca plc		16,128
	2,189	BP plc		15,751
	270	Catlin Group Ltd.		2,315
	1,732	Hays plc		3,421

The accompanying notes are an integral part of these financial statements.

6

The Hartford International Value Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Common Stocks - 95.9% - (continued)
		United Kingdom - 11.3% - (continued)
	998	Home Retail Group			$	2,928
	1,816	HSBC Holdings plc ‡				18,517
	730	J. Sainsbury plc				2,877
	1,206	Lonmin plc ●				3,380
	388	Mothercare plc ●				1,085
	954	SIG plc				2,237
	502	Standard Chartered plc				7,549
						83,396
		Total Common Stocks
		(Cost $759,861)			$	705,498
		Total Long-Term Investments
		(Cost $759,861)			$	705,498
Short-Term Investments - 4.9%
		Repurchase Agreements - 4.9%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $102, collateralized by U.S. Treasury Note 1.50%, 2019, value of $104)
$	102	0.08%, 10/31/2014			$	102
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,742, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $1,777)
	1,742	0.09%, 10/31/2014				1,742
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $468, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $477)
	468	0.08%, 10/31/2014				468
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,587, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $1,618)
	1,587	0.10%, 10/31/2014				1,587
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,979, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $6,098)
	5,979	0.08%, 10/31/2014				5,979
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $6,872, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $7,010)
	6,872	0.09%, 10/31/2014				6,872
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $397, collateralized by U.S. Treasury Note 0.88%, 2017, value of $405)
	397	0.13%, 10/31/2014				397
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $584, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $596)
	584	0.07%, 10/31/2014				584
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $6,152, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $6,275)
	6,152	0.08%, 10/31/2014				6,152
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $11,921, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $12,160)
	11,921	0.10%, 10/31/2014				11,921
						35,804
		Total Short-Term Investments
		(Cost $35,804)			$	35,804
		Total Investments
		(Cost $795,665) ▲	100.8	%	$	741,302
		Other Assets and Liabilities	(0.8	)%		(5,868	)
		Total Net Assets	100.0	%	$	735,434

The accompanying notes are an integral part of these financial statements.

7

The Hartford International Value Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $797,411 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	11,547
Unrealized Depreciation		(67,656	)
Net Unrealized Depreciation	$	(56,109	)

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $21, which rounds to zero percent of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

● Non-income producing.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $6,982 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
03/2014 - 07/2014		908	Banco Espirito Santo S.A.	$	1,058

At October 31, 2014, the aggregate value of these securities was $21, which rounds to zero percent of total net assets.

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
Futures contracts	$	260	$	–
Total	$	260	$	–

Futures Contracts Outstanding at October 31, 2014

Number of

Expiration

Notional

Market

Unrealized  Appreciation/(Depreciation)

Variation Margin

Description

Contracts*

Date

Amount

Value ╪

Asset

Liability

Asset

Liability

Long position contracts:

EAFE (mini MSCI) Index Future

65

12/19/2014

$

5,852

$

5,967

$

115

$

–

$

88

$

–

* The number of contracts does not omit 000's.

The accompanying notes are an integral part of these financial statements.

8

The Hartford International Value Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/06/2014

DEUT

$

163

$

163

$

–

$

–

BRL

Buy

11/04/2014

JPM

3

3

–

–

CAD

Buy

11/04/2014

BCLY

421

418

–

(3

)

CHF

Sell

11/03/2014

BMO

494

491

3

–

CHF

Sell

11/04/2014

BNY

834

834

–

–

DKK

Buy

11/03/2014

UBS

70

70

–

–

EUR

Buy

11/03/2014

RBC

4,660

4,632

–

(28

)

EUR

Buy

11/04/2014

RBC

235

234

–

(1

)

EUR

Buy

11/04/2014

WEST

748

748

–

–

GBP

Buy

11/03/2014

BMO

2,232

2,232

–

–

HKD

Buy

11/04/2014

BCLY

283

283

–

–

HUF

Buy

11/03/2014

UBS

115

114

–

(1

)

JPY

Buy

12/18/2014

BCLY

6,609

6,276

–

(333

)

JPY

Buy

11/06/2014

DEUT

4,335

4,310

–

(25

)

JPY

Buy

11/05/2014

UBS

275

267

–

(8

)

JPY

Sell

11/13/2014

DEUT

7,521

6,880

641

–

JPY

Sell

12/18/2014

MSC

6,612

6,276

336

–

JPY

Sell

11/04/2014

SSG

182

175

7

–

JPY

Sell

12/18/2014

UBS

9,903

9,404

499

–

NOK

Buy

11/03/2014

UBS

83

82

–

(1

)

SEK

Buy

11/03/2014

UBS

29

29

–

–

ZAR

Buy

11/06/2014

UBS

221

218

–

(3

)

Total

$

1,486

$

(403

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BMO	Bank of Montreal
BNY	BNY Mellon
DEUT	Deutsche Bank Securities, Inc.
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
SSG	State Street Global Markets LLC
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:

AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
DKK	Danish Krone
EUR	EURO
GBP	British Pound
HKD	Hong Kong Dollar
HUF	Hungarian Forint
JPY	Japanese Yen
NOK	Norwegian Krone
SEK	Swedish Krona
ZAR	South African Rand

Index Abbreviations:
EAFE	Europe, Australasia and Far East
MSCI	Morgan Stanley Capital International
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

9

The Hartford International Value Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	705,498	$	52,685	$	652,792	$	21
Short-Term Investments		35,804		–		35,804		–
Total	$	741,302	$	52,685	$	688,596	$	21
Foreign Currency Contracts *	$	1,486	$	–	$	1,486	$	–
Futures *		115		115		–		–
Total	$	1,601	$	115	$	1,486	$	–
Liabilities:
Foreign Currency Contracts *	$	403	$	–	$	403	$	–
Total	$	403	$	–	$	403	$	–

♦ For the year ended October 31, 2014, investments valued at $705 were transferred from Level 1 to Level 2, and investments valued at $556 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

‡ The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *		Balance as of October 31, 2014
Assets:
Common Stocks	$	—	$	25	$	(1,050	)†	$	—	$	1,245	$	(312	)	$	113	$	—	$	21
Total	$	—	$	25	$	(1,050	)	$	—	$	1,245	$	(312	)	$	113	$	—	$	21

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(1,050).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

10

The Hartford International Value Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $795,665)	$	741,302
Cash		260	*
Foreign currency on deposit with custodian (cost $33)		33
Unrealized appreciation on foreign currency contracts		1,486
Receivables:
Investment securities sold		4,040
Fund shares sold		6,957
Dividends and interest		1,833
Variation margin on financial derivative instruments		88
Other assets		104
Total assets		756,103
Liabilities:
Unrealized depreciation on foreign currency contracts		403
Bank overdraft		25
Payables:
Investment securities purchased		17,338
Fund shares redeemed		2,686
Investment management fees		115
Administrative fees		—
Distribution fees		15
Variation margin on financial derivative instruments		—
Accrued expenses		87
Total liabilities		20,669
Net assets	$	735,434
Summary of Net Assets:
Capital stock and paid-in-capital	$	788,947
Undistributed net investment income		4,097
Accumulated net realized loss		(4,428	)
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(53,182	)
Net assets	$	735,434
Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$14.37/$15.21
Shares outstanding		8,091
Net assets	$	116,268
Class C: Net asset value per share	$	14.16
Shares outstanding		3,726
Net assets	$	52,779
Class I: Net asset value per share	$	14.49
Shares outstanding		35,571
Net assets	$	515,604
Class R3: Net asset value per share	$	14.33
Shares outstanding		85
Net assets	$	1,223
Class R4: Net asset value per share	$	14.42
Shares outstanding		77
Net assets	$	1,111
Class R5: Net asset value per share	$	14.50
Shares outstanding		82
Net assets	$	1,185
Class Y: Net asset value per share	$	14.75
Shares outstanding		3,204
Net assets	$	47,264

^* Cash of $260 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

11

The Hartford International Value Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	7,162
Interest		10
Less: Foreign tax withheld		(805	)
Total investment income		6,367
Expenses:
Investment management fees		2,394
Administrative services fees
Class R3		2
Class R4		2
Class R5		1
Transfer agent fees
Class A		110
Class C		27
Class I		156
Class R3		—
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		155
Class C		226
Class R3		5
Class R4		2
Custodian fees		30
Accounting services fees		51
Registration and filing fees		126
Board of Directors' fees		4
Audit fees		18
Other expenses		41
Total expenses (before waivers and fees paid indirectly)		3,350
Expense waivers		(23	)
Commission recapture		—
Total waivers and fees paid indirectly		(23	)
Total expenses, net		3,327
Net Investment Income		3,040
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		9,370
Less: Foreign taxes paid on realized capital gains		(89	)
Net realized loss on futures contracts		(543	)
Net realized gain on foreign currency contracts		295
Net realized gain on other foreign currency transactions		405
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		9,438
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(57,239	)
Net unrealized appreciation of futures contracts		115
Net unrealized appreciation of foreign currency contracts		1,081
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(20	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(56,063	)
Net Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(46,625	)
Net Decrease in Net Assets Resulting from Operations	$	(43,585	)

The accompanying notes are an integral part of these financial statements.

12

The Hartford International Value Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	3,040		$	397
Net realized gain on investments, other financial instruments and foreign currency transactions		9,438			6,739
Net unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(56,063	)		102
Net Increase (Decrease) in Net Assets Resulting from Operations		(43,585	)		7,238
Distributions to Shareholders:
From net investment income
Class A		—			(347	)
Class C		—			(68	)
Class I		—			(50	)
Class R3		—			(49	)
Class R4		—			(49	)
Class R5		—			(50	)
Class Y		—			(2,222	)
Total from net investment income		—			(2,835	)
From tax return of capital
Class A		—			(37	)
Class C		—			(7	)
Class I		—			(6	)
Class R3		—			(5	)
Class R4		—			(5	)
Class R5		—			(6	)
Class Y		—			(239	)
Total from tax return of capital		—			(305	)
Total distributions		—			(3,140	)
Capital Share Transactions:
Class A		109,185			7,495
Class C		53,731			1,415
Class I		544,772			1,713
Class R3		402			44
Class R4		310			55
Class R5		379			56
Class Y		38,605			(18,656	)
Net increase (decrease) from capital share transactions		747,384			(7,878	)
Net Increase (Decrease) in Net Assets		703,799			(3,780	)
Net Assets:
Beginning of period		31,635			35,415
End of period	$	735,434		$	31,635
Undistributed (distributions in excess of) net investment income	$	4,097		$	(170	)

The accompanying notes are an integral part of these financial statements.

13

The Hartford International Value Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford International Value Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge. All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask

14

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment

15

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Statement of Operations as a reduction to net realized gain on investments in these securities.  

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each

16

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to

17

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

18

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	1,486	$	—	$	—	$	—	$	—	$	1,486
Variation margin receivable *		—		—		—		88		—		—		88
Total	$	—	$	1,486	$	—	$	88	$	—	$	—	$	1,574
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	403	$	—	$	—	$	—	$	—	$	403
Variation margin payable *		—		—		—		—		—		—		—
Total	$	—	$	403	$	—	$	—	$	—	$	—	$	403

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative appreciation of $115 as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts			Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on futures contracts	$	—	$	—	$	—	$	(543	)	$	—	$	—	$	(543	)
Net realized gain on foreign currency contracts		—		295		—		—			—		—		295
Total	$	—	$	295	$	—	$	(543	)	$	—	$	—	$	(248	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of futures contracts	$	—	$	—	$	—	$	115		$	—	$	—	$	115
Net change in unrealized appreciation of foreign currency contracts		—		1,081		—		—			—		—		1,081
Total	$	—	$	1,081	$	—	$	115		$	—	$	—	$	1,196

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

19

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Futures contracts - variation margin receivable	$	88	$	—	$	—	$	—	$	88
Unrealized appreciation on foreign currency contracts		1,476		—		—		—		1,476
Total subject to a master netting or similar arrangement	$	1,564	$	—	$	—	$	—	$	1,564

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting		Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
Futures contracts - variation margin payable	$	—	$	—	$	—	$	(260	)	$	—
Unrealized depreciation on foreign currency contracts		333		—		—		—			333
Total subject to a master netting or similar arrangement	$	333	$	—	$	—	$	(260	)	$	333

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

20

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	—	$	2,835
Tax Return of Capital		—		305

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	5,165
Accumulated Capital and Other Losses*		(2,491	)
Unrealized Depreciation†		(56,187	)
Total Accumulated Deficit	$	(53,513	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	1,227
Accumulated Net Realized Gain (Loss)		(1,227	)

21

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

Year of Expiration	Amount
2019	$	2,491
Total	$	2,491

During the year ended October 31, 2014, the Fund utilized $6,178 of prior year capital loss carryforwards.

During the year ended October 31, 2014, the Fund utilized $3,951 of prior year short term capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.8500%
On next $500 million	0.8000%
On next $4 billion	0.7500%
On next $5 billion	0.7475%
Over $10 billion	0.7450%

22

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.018%
On next $5 billion	0.014%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.40%	2.15%	1.15%	1.60%	1.30%	1.00%	0.95%

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.36	%
Class C		2.04
Class I		1.01
Class R3		1.60
Class R4		1.30
Class R5		1.00
Class Y		0.95

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $1,110 and contingent deferred sales charges of $24 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to

23

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R3		65	%		—	*
Class R4		73			—	*
Class R5		69			—	*
Class Y		—	*		—	*

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		4	%

* Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	807,455	$	—	$	807,455
Sales Proceeds		84,294		—		84,294

24

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014									For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares		Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		10,989		—		(3,834	)		7,155		675		33		(121	)		587
Amount	$	167,818	$	—	$	(58,633	)	$	109,185	$	8,623	$	382	$	(1,510	)	$	7,495
Class C
Shares		3,771		—		(229	)		3,542		107		6		(6	)		107
Amount	$	57,072	$	—	$	(3,341	)	$	53,731	$	1,416	$	75	$	(76	)	$	1,415
Class I
Shares		40,177		—		(4,785	)		35,392		123		5		(1	)		127
Amount	$	615,369	$	—	$	(70,597	)	$	544,772	$	1,670	$	56	$	(13	)	$	1,713
Class R3
Shares		29		—		(2	)		27		1		5		(2	)		4
Amount	$	424	$	—	$	(22	)	$	402	$	10	$	54	$	(20	)	$	44
Class R4
Shares		22		—		(1	)		21		—		5		—			5
Amount	$	331	$	—	$	(21	)	$	310	$	1	$	54	$	—		$	55
Class R5
Shares		41		—		(16	)		25		—		5		—			5
Amount	$	620	$	—	$	(241	)	$	379	$	—	$	56	$	—		$	56
Class Y
Shares		3,333		—		(867	)		2,466		890		211		(2,705	)		(1,604	)
Amount	$	52,411	$	—	$	(13,806	)	$	38,605	$	11,715	$	2,461	$	(32,832	)	$	(18,656	)
Total
Shares		58,362		—		(9,734	)		48,628		1,796		270		(2,835	)		(769	)
Amount	$	894,045	$	—	$	(146,661	)	$	747,384	$	23,435	$	3,138	$	(34,451	)	$	(7,878	)

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to

25

The Hartford International Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

Effective on the close of business on November 28, 2014, the Fund is closed to new investors until further notice. For more information, please see the Fund’s prospectus.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

26

The Hartford International Value Fund

Financial Highlights

	- Selected Per-Share Data - (A)																								- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	14.22	$	0.14	$	0.01		$	0.15		$	–		$	–		$	–		$	14.37		1.05	%	$	116,268		1.37	%		1.36	%		0.94	%
C		14.11		0.03		0.02			0.05			–			–			–			14.16		0.35			52,779		2.05			2.04			0.19
I		14.29		0.18		0.02			0.20			–			–			–			14.49		1.40			515,604		1.02			1.01			1.20
R3		14.22		0.10		0.01			0.11			–			–			–			14.33		0.77			1,223		1.70			1.60			0.66
R4		14.26		0.15		0.01			0.16			–			–			–			14.42		1.12			1,111		1.39			1.30			0.96
R5		14.30		0.21		(0.01	)		0.20			–			–			–			14.50		1.40			1,185		1.08			1.00			1.37
Y		14.54		0.19		0.02			0.21			–			–			–			14.75		1.44			47,264		0.96			0.95			1.26
For the Year Ended October 31, 2013
A	$	11.83	$	0.21	$	3.22		$	3.43		$	(1.04	)(D)	$	–		$	(1.04	)	$	14.22		30.95	%	$	13,315		1.91	%		1.40	%		1.67	%
C		11.75		0.12		3.20			3.32			(0.96	)(E)		–			(0.96	)		14.11		30.00			2,604		2.57			2.11			0.91
I		11.89		0.25		3.24			3.49			(1.09	)(F)		–			(1.09	)		14.29		31.36			2,558		1.48			1.02			1.93
R3		11.83		0.21		3.20			3.41			(1.02	)(D)		–			(1.02	)		14.22		30.67			823		2.17			1.60			1.63
R4		11.86		0.24		3.21			3.45			(1.05	)(D)		–			(1.05	)		14.26		31.06			801		1.86			1.30			1.93
R5		11.89		0.28		3.22			3.50			(1.09	)(F)		–			(1.09	)		14.30		31.44			809		1.56			1.00			2.23
Y		11.91		0.23		3.50			3.73			(1.10	)(F)		–			(1.10	)		14.54		33.53			10,725		1.27			0.81			1.86
For the Year Ended October 31, 2012
A	$	11.28	$	0.18	$	0.45		$	0.63		$	(0.08	)	$	–		$	(0.08	)	$	11.83		5.68	%	$	4,126		1.57	%		1.40	%		1.64	%
C		11.19		0.10		0.46			0.56			–			–			–			11.75		5.00			901		2.18			2.09			0.94
I		11.32		0.23		0.45			0.68			(0.11	)		–			(0.11	)		11.89		6.14			615		1.09			1.00			2.02
R3		11.26		0.16		0.45			0.61			(0.04	)		–			(0.04	)		11.83		5.47			641		1.80			1.60			1.41
R4		11.29		0.19		0.46			0.65			(0.08	)		–			(0.08	)		11.86		5.80			611		1.49			1.30			1.72
R5		11.32		0.23		0.45			0.68			(0.11	)		–			(0.11	)		11.89		6.15			615		1.19			1.00			2.02
Y		11.34		0.28		0.42			0.70			(0.13	)		–			(0.13	)		11.91		6.32			27,906		1.01			0.92			2.50
For the Year Ended October 31, 2011
A	$	11.82	$	0.18	$	(0.45	)	$	(0.27	)	$	(0.02	)	$	(0.25	)	$	(0.27	)	$	11.28		(2.37	)%	$	3,629		1.69	%		1.34	%		1.50	%
C		11.79		0.09		(0.44	)		(0.35	)		–			(0.25	)		(0.25	)		11.19		(3.10	)		859		2.37			2.02			0.74
I		11.84		0.22		(0.45	)		(0.23	)		(0.04	)		(0.25	)		(0.29	)		11.32		(2.07	)		621		1.34			1.00			1.85
R3		11.81		0.15		(0.45	)		(0.30	)		–			(0.25	)		(0.25	)		11.26		(2.67	)		597		2.05			1.60			1.22
R4		11.82		0.18		(0.45	)		(0.27	)		(0.01	)		(0.25	)		(0.26	)		11.29		(2.34	)		577		1.74			1.30			1.52
R5		11.84		0.22		(0.46	)		(0.24	)		(0.03	)		(0.25	)		(0.28	)		11.32		(2.09	)		580		1.44			1.00			1.82
Y		11.84		0.20		(0.41	)		(0.21	)		(0.04	)		(0.25	)		(0.29	)		11.34		(1.90	)		130,450		1.10			0.76			1.70

See Portfolio Turnover information on the next page.

27

The Hartford International Value Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
From May 28, 2010 (commencement of operations), through October 31, 2010  (G)
A(H)	$	10.00	$	0.02		$	1.80	$	1.82	$	–	$	–	$	–	$	11.82		18.20	%(I)	$	1,765		3.05	%(J)		1.27	%(J)		0.50	%(J)
C(H)		10.00		(0.01	)		1.80		1.79		–		–		–		11.79		17.90	(I)		695		3.76	(J)		1.98	(J)		(0.28	)(J)
I(H)		10.00		0.03			1.81		1.84		–		–		–		11.84		18.40	(I)		601		2.75	(J)		0.97	(J)		0.67	(J)
R3(H)		10.00		–			1.81		1.81		–		–		–		11.81		18.10	(I)		609		3.45	(J)		1.62	(J)		0.02	(J)
R4(H)		10.00		0.01			1.81		1.82		–		–		–		11.82		18.20	(I)		591		3.15	(J)		1.32	(J)		0.33	(J)
R5(H)		10.00		0.03			1.81		1.84		–		–		–		11.84		18.40	(I)		592		2.85	(J)		1.02	(J)		0.63	(J)
Y(H)		10.00		0.03			1.81		1.84		–		–		–		11.84		18.40	(I)		1,777		2.75	(J)		0.97	(J)		0.68	(J)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Included in this amount are tax distributions from capital of ($0.10).

(E) Included in this amount are tax distributions from capital of ($0.09).

(F) Included in this amount are tax distributions from capital of ($0.11).

(G) Net investment income (loss) per share amounts have been calculated using the SEC method.

(H) Commenced operations on May 28, 2010.

(I) Not annualized.

(J) Annualized.

	Portfolio Turnover  Rate for  All Share Classes
For the Year Ended October 31, 2014		31	%
For the Year Ended October 31, 2013		253
For the Year Ended October 31, 2012		137
For the Year Ended October 31, 2011		112
From May 28, 2010 (commencement of operations) through October 31, 2010		47	(A)

(A) Not annualized.

28

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford International Value Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford International Value Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota December 18, 2014

29

The Hartford International Value Fund

Directors and Officers (Unaudited)  

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

30

The Hartford International Value Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

31

The Hartford International Value Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

32

The Hartford International Value Fund

Federal Tax Information (Unaudited)   

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

33

The Hartford International Value Fund

Expense Example (Unaudited)   

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	938.00	$	6.58	$	1,000.00	$	1,018.42	$	6.85		1.35	%	184	365
Class C	$	1,000.00	$	934.00	$	9.93	$	1,000.00	$	1,014.94	$	10.34		2.04		184	365
Class I	$	1,000.00	$	939.10	$	4.94	$	1,000.00	$	1,020.11	$	5.15		1.01		184	365
Class R3	$	1,000.00	$	936.00	$	7.80	$	1,000.00	$	1,017.14	$	8.13		1.60		184	365
Class R4	$	1,000.00	$	938.20	$	6.35	$	1,000.00	$	1,018.65	$	6.61		1.30		184	365
Class R5	$	1,000.00	$	939.10	$	4.89	$	1,000.00	$	1,020.17	$	5.09		1.00		184	365
Class Y	$	1,000.00	$	939.50	$	4.49	$	1,000.00	$	1,020.57	$	4.68		0.92		184	365

34

The Hartford International Value Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford International Value Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

35

The Hartford International Value Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1- and 3-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods. The Board further noted recent changes to the Fund’s portfolio management team and principal investment strategy.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

36

The Hartford International Value Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 2^nd quintile of its expense group, while its actual management fee was in the 1^st quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile.The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

37

The Hartford International Value Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

38

The Hartford International Value Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Value Investing Risk: Value investments are considered to be undervalued, but they may never attain their potential value. Value-style investing falls in and out of favor, which may result in periods of underperformance.

Small/Mid-Cap Stock Risk: Small- and mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

39

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-IV14 12/14 113990-3 Printed in U.S.A.

HARTFORDFUNDS

HARTFORD LONG/SHORT  
GLOBAL EQUITY FUND     2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

Hartford Long/Short Global Equity Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	6
Statement of Assets and Liabilities at October 31, 2014	12
Statement of Operations for the Period August 29, 2014 (commencement of operations) through October 31, 2014	13
Statement of Changes in Net Assets for the Period August 29, 2014 (commencement of operations) through October 31, 2014	14
Notes to Financial Statements	15
Financial Highlights	25
Report of Independent Registered Public Accounting Firm	26
Directors and Officers (Unaudited)	27
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	29
Quarterly Portfolio Holdings Information (Unaudited)	29
Federal Tax Information (Unaudited)	30
Expense Example (Unaudited)	31
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	32
Main Risks (Unaudited)	35

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

Hartford Long/Short Global Equity Fund inception 08/29/2014
(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide long-term capital appreciation

Performance Overview 8/29/14 - 10/31/14

 

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Cumulative Returns (as of 10/31/14)

	Since      Inception▲
Long/Short Global Equity A#		-3.80	%
Long/Short Global Equity A##		-9.09	%
Long/Short Global Equity C#		-3.90	%
Long/Short Global Equity C##		-4.86	%
Long/Short Global Equity I#		-3.80	%
Long/Short Global Equity Y#		-3.80	%
Hedge Fund Research, Inc. Equity Hedge Index		-0.26	%
MSCI All Country World Index		-2.50	%

▲ Inception: 08/29/2014. Cumulative returns not annualized.

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Hedge Fund Research, Inc. Equity Hedge Index is an unmanaged index of accounts that maintain positions both long and short in primarily equity and equity derivative securities.

MSCI All Country World Index is a free float-adjusted market capitalization index that measures equity market performance in the global developed and emerging markets, consisting of 45 developed and emerging market country indices.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

Hartford Long/Short Global Equity Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses* 

	Net			Gross
Long/Short Global Equity Class A		3.25	%		3.30	%
Long/Short Global Equity Class C		4.00	%		4.05	%
Long/Short Global Equity Class I		3.00	%		3.05	%
Long/Short Global Equity Class Y		2.85	%		2.87	%

* As shown in the Fund's most recent prospectus. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 29, 2016, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Kenneth L. Abrams	Donald S. Tunnell, CFA
Senior Vice President and Equity Portfolio Manager	Vice President, Co-Director, Quantitative Investments and Portfolio Manager

How did the Fund perform?

The Class A shares of the Hartford Long/Short Global Equity Fund returned -3.80%, before sales charge, for the period August 29, 2014 (commencement of operations) through October 31, 2014, underperforming the MSCI All Country World Index, which returned -2.50% for the same period. The Fund also underperformed the -1.26% average return of the Lipper Alternative Long Short Global Equity funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equities rose during the twelve-month period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. Despite these positives, many market participants found ample reason to reassess their risk appetites (i.e. reduce risks), given the strong performance in recent years. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

Eight of the ten sectors in the MSCI All Country World Index rose during the twelve-month period. Healthcare (+24%), Information Technology (+21%), and Utilities (+14%) rose the most while returns in Materials (-3%), Energy (-1%), and Consumer Discretionary (+4%) lagged most on a relative basis.

We seek to deliver a portfolio with a target gross long exposure of 110%-130% of the Fund’s net assets and gross short exposure of 50% of the Fund’s gross long exposure resulting in net exposure to the market of roughly 60%. The Fund invests primarily in the small capitalization companies with market capitalization within the collective range of the MSCI All Country World Small Cap Index, which can create a headwind or tailwind (situations where growth is more difficult or easier) when small-caps underperform or outperform the MSCI All Country World Index, respectively. There are two main drivers of Fund performance: whether stocks in the long portion of the Fund outperform the market and whether stocks in the short portion of the Fund underperform the market.

Since the Fund’s inception through October 31, 2014, the MSCI All Country World Index returned -2.50%. Hartford Long/Short Global Equity Fund had a negative absolute return and underperformed the MSCI All Country World Index during the period. Global equity markets declined led by small-cap stocks which created a headwind for the Fund. The combination of negative market returns and weak stock selection in the long and short portions of the Fund drove performance.

In the long portion of the Fund, on an absolute basis, performance was weakest within Financials, Consumer Discretionary, and Energy sectors. On a country basis, absolute performance was weakest within the United States followed by Japan and Spain. Abengoa (Industrials) and New Britain Palm Oil (Consumer Staples) were the top absolute detractor and contributor, respectively, to the long portfolio. Abengoa, a company domiciled in Spain that applies technology solutions for sustainable development in the energy and

3

Hartford Long/Short Global Equity Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

environment sectors, saw shares fall following the announcement that the company had signed a €1.4B revolving loan in order to lower its cost of financing and extend its maturity profile. New Britain Palm Oil, a Papua New Guinean palm oil producer, saw shares rise on news of an acquisition offer from Sime Darby for $1.7B.

The short portion of the Fund provided a partial hedge to performance in a downward trending market environment and contributed to performance on an absolute basis. Short positions contributed most directly to absolute returns in the Energy, Financials, and Materials sectors; however, this was partially offset by positions in Healthcare, which detracted. On a country basis, short positions in the United Kingdom, Japan, and Italy contributed to absolute returns while China and the United States detracted.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

The global economy continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We endeavor to maintain balanced positioning regardless of market environment. On the long side, our bottom-up process is driven by fundamental research at the company level and supported by our top down quantitative and macro analytic tools. On the short side, we utilize quantitative model and optimization processes to build a short portfolio of securities that we believe are more likely to underperform the benchmark over time, while maintaining the intended profile of the Fund.

At the end of the period, our largest sector exposures on a net basis were to Financials, Materials, and Information Technology, while Consumer Staples, Telecommunication Services, and Utilities were the smallest. On a regional basis emerging markets and North America represented the largest net region exposures. Net equity exposure was roughly in line with our target at 61%.

4

Hartford Long/Short Global Equity Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Long Positions
Equity Securities
Consumer Discretionary		16.5	%
Consumer Staples		3.8
Energy		5.9
Financials		30.8
Health Care		12.1
Industrials		17.2
Information Technology		16.5
Materials		11.8
Services		2.3
Utilities		3.5
Total		120.4	%
Short-Term Investments		0.1
Securities Sold Short
Equity Securities
Consumer Discretionary		(8.2	)%
Consumer Staples		(4.1	)
Energy		(2.2	)
Financials		(11.5	)
Health Care		(5.2	)
Industrials		(10.8	)
Information Technology		(10.9	)
Materials		(4.7	)
Services		(0.8	)
Utilities		(1.2	)
Total		(59.6	)%
Other Assets and Liabilities		39.1
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

Diversification by Country - Long Positions

as of October 31, 2014

Country	Percentage of Net Assets
Argentina		0.5	%
Australia		2.3
Brazil		2.0
Canada		5.3
China		3.5
Germany		4.4
Greece		0.9
Hong Kong		0.5
Ireland		3.0
Israel		0.9
Italy		1.2
Japan		9.9
Mexico		1.9
Netherlands		2.7
Norway		1.2
Poland		0.6
South Africa		0.7
South Korea		1.2
Spain		2.1
Taiwan		1.1
Turkey		0.6
United Kingdom		5.8
United States		68.1
Short-Term Investments		0.1
Total Long Positions		120.5
Short Positions		(59.6	)
Other Assets and Liabilities		39.1
Total		100.0	%

Diversification by Country - Securities Sold Short

as of October 31, 2014

Country	Percentage of Net Assets
Australia		1.8	%
Canada		0.8
China		1.8
Denmark		0.9
Finland		0.4
France		0.6
Germany		1.1
Hong Kong		3.4
Hungary		0.6
Italy		2.1
Japan		7.0
Mexico		1.2
South Africa		1.5
Sweden		0.5
Switzerland		0.4
United Kingdom		4.3
United States		31.2
Total		59.6	%

5

Hartford Long/Short Global Equity Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Long Positions -  120.5%
Common Stocks - 114.1%
		Automobiles and Components - 2.3%
	10	Keihin Corp.	$	129
	2	Tenneco Automotive, Inc. ●		105
	8	Toyoda Gosei Co., Ltd.		148
				382
		Banks - 7.3%
	32	77 Bank Ltd.		179
	276	Banca Popolare di Milano Scarl ●		208
	20	Banco ABC Brasil S.A.		111
	7	DGB Financial Group, Inc.		98
	5	Grupo Financiero Galicia S.A.		76
	3	Home Capital Group, Inc.		158
	197	Liberbank S.A. ●		168
	5	Wintrust Financial Corp.		210
				1,208
		Capital Goods - 8.7%
	41	Abengoa S.A. ●		173
	3	Canadian Solar, Inc. ●		91
	2	Esterline Technologies Corp. ●		251
	16	Kloeckner & Co. SE ●		183
	15	Meritor, Inc. ●		178
	6	Orbital Sciences Corp. ●		165
	2	Teledyne Technologies, Inc. ●		247
	2	Wabco Holdings, Inc. ●		148
				1,436
		Consumer Durables and Apparel - 2.2%
	4	Arctic Cat, Inc.		145
	172	Truly International Holdings		87
	7	Tumi Holdings, Inc. ●		141
				373
		Consumer Services - 3.4%
	5	Brinker International, Inc.		252
	3	Cheesecake Factory, Inc.		156
	12	Opap S.A.		149
				557
		Diversified Financials - 6.2%
	11	American Capital Ltd. ●		156
	10	Investment Technology Group, Inc. ●		172
	4	Legg Mason, Inc.		203
	31	Mitsubishi UFJ Lease & Finance Co., Ltd.		161
	3	Nelnet, Inc.		148
	1	Virtus Investment Partners, Inc.		181
				1,021
		Energy - 5.9%
	4	Carrizo Oil & Gas, Inc. ●		205
	339	China Suntien Green Energy		90
	5	Newfield Exploration Co. ●		171
	13	Painted Pony Petroleum Ltd. ●		123
	10	Patterson-UTI Energy, Inc.		228
	4	Western Refining, Inc.		168
				985
		Food, Beverage and Tobacco - 3.1%
	69	Greencore Group plc		290
	23	Minerva S.A. ●		119
	14	Ulker Biskuvi Sanayi AS ●		106
				515
		Health Care Equipment and Services - 8.6%
	2	athenahealth, Inc. ●		194
	10	Kindred Healthcare, Inc.		223
	5	LifePoint Hospitals, Inc. ●		316
	4	Molina Healthcare, Inc. ●		213
	38	Netcare Ltd. ●		115
	3	Suzuken Co., Ltd.		91
	9	Synergy Health plc ●		278
				1,430
		Household and Personal Products - 0.7%
	15	Hypermarcas S.A. ●		108
		Insurance - 4.4%
	4	Assurant, Inc.		248
	33	Catlin Group Ltd.		281
	40	Storebrand ASA ●		204
				733
		Materials - 11.8%
	9	Constellium N.V. ●		191
	27	Graphic Packaging Holding Co. ●		329
	6	KapStone Paper & Packaging Corp. ●		187
	4	Methanex Corp. ADR		228
	2	Minerals Technologies, Inc.		171
	3	Reliance Steel & Aluminum		196
	10	Smurfit Kappa Group plc		214
	8	Tokyo Ohka Kogyo Co., Ltd.		217
	2	Wacker Chemie AG		248
				1,981
		Media - 2.2%
	11	Quebecor, Inc.		277
	20	TVN S.A.		92
				369
		Pharmaceuticals, Biotechnology and Life Sciences - 3.5%
	9	BioCryst Pharmaceuticals, Inc. ●		100
	4	Charles River Laboratories International, Inc. ●		226
	3	Seattle Genetics, Inc. ●		118
	4	WuXi PharmaTech Cayman, Inc. ●		135
				579
		Real Estate - 6.6%
	21	Big Yellow Group REIT		182
	4	Equity Lifestyle Properties, Inc. REIT		210
	16	Gagfah S.A. ●		296
	25	MFA Mortgage Investments, Inc. REIT		210
	9	Starwood Property Trust, Inc. REIT		200
				1,098
		Retailing - 6.4%
	72	Dick Smith Holdings Ltd.		139
	601	GOME Electrical Appliances Holdings Ltd.		95
	7	Haverty Furniture Cos., Inc.		151
	1	Hyundai Home Shopping Network Corp.		99
	6	K's Holdings Corp.		160
	6	Urban Outfitters, Inc. ●		195
	12	WH Smith plc		215
				1,054
		Semiconductors and Semiconductor Equipment - 6.3%
	57	Elan Microelectronics Corp.		91
	3	First Solar, Inc. ●		159
	113	King Yuan Electronics Co., Ltd.		90
	26	Lattice Semiconductor Corp. ●		177
	6	Microsemi Corp. ●		160
	28	ON Semiconductor Corp. ●		236

The accompanying notes are an integral part of these financial statements.

6

Hartford Long/Short Global Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Long Positions -  120.5% - (continued)
Common Stocks - 114.1% - (continued)
		Semiconductors and Semiconductor Equipment - 6.3% - (continued)
	4	SunPower Corp. ●			$	131
						1,044
		Software and Services - 7.9%
	10	Cadence Design Systems, Inc. ●				177
	14	Convergys Corp.				274
	5	Heartland Payment Systems, Inc.				257
	3	IAC/InterActiveCorp.				177
	5	Perfect World Co., Ltd. ADR				98
	4	PTC, Inc. ●				147
	7	Sumisho Computer Systems Corp.				177
						1,307
		Technology Hardware and Equipment - 2.3%
	7	Arris Group, Inc. ●				222
	1	Hollysys Automation Technology ●				25
	39	Sonus Networks, Inc. ●				135
						382
		Telecommunication Services - 2.3%
	88	Bezeq Israeli Telecommunication Corp., Ltd.				151
	65	Vonage Holdings Corp. ●				228
						379
		Transportation - 8.5%
	33	Grupo Aeroportuario del Centro Norte				162
	16	JetBlue Airways Corp. ●				182
	55	OHL Mexico S.A.B. de C.V. ●				153
	60	PostNL ●				256
	167	Qantas Airways Ltd. ●				249
	20	Seino Holdings Corp.				157
	10	Swift Transportation Co. ●				248
						1,407
		Utilities - 3.5%
	5	El Paso Electric Co.				207
	122	Guangdong Investment Ltd.				160
	18	Tohoku Electric Power Co., Inc.				222
						589
		Total Common Stocks
		( Cost $19,857)			$	18,937
Exchange Traded Funds - 6.3%
		Other Investment Pools and Funds - 6.3%
	5	iShares MSCI EAFE ETF			$	304
	3	iShares Russell 2000				310
	19	WisdomTree India Earnings				435
		Total Exchange Traded Funds
		(Cost $1,009)			$	1,049
		Total Long-Term Investments
		(Cost $20,866)			$	19,986
Short-Term Investments - 0.1%
		Other Investment Pools and Funds - 0.1%
	10	JP Morgan U.S. Government Money Market Fund			$	10
		Total Short-Term Investments
		(Cost $10)			$	10
		Total Long Positions
		(Cost $20,876) ▲	120.5	%	$	19,996
		Total Securities Sold Short
		(Proceeds $10,317) ▲	(59.6	)%		(9,896	)
		Other Assets and Liabilities	39.1	%		6,492
		Total Net Assets	100.0	%	$	16,592

Securities Sold Short - 59.6%
Common Stocks - 59.6%
		Automobiles and Components - 1.6%
	128	Avichina Industry & Technology	$	97
	2	Nokian Rendaat Oyj		66
	160	Xinyi Glass Holdings Co., Ltd.		95
				258
		Banks - 2.9%
	640	Banca Carige S.p.A. ●		54
	3	Banco Popolare Societa Cooperativa ●		51
	3	Ocwen Financial Corp. ●		65
	6	OTP Bank plc ●		99
	5	Suruga Bank Ltd.		110
	2	Westamerica Bancorporation		101
				480
		Capital Goods - 7.1%
	2	Clarcor, Inc.		109
	3	DigitalGlobe, Inc. ●		97
	55	Empresas ICA S.A.B. de C.V. ●		97
	33	Furukawa Co., Ltd. ●		66
	13	Iseki & Co., Ltd. ●		31
	19	Kumagai Gumi Co., Ltd. ●		70
	3	MasTec, Inc. ●		95
	35	Melco International Development Ltd.		95
	2	Monotaro Co.		40
	2	Power Solutions International, Inc. ●		99
	2	Spirax-Sarco Engineering plc		95
	35	Sumitomo Mitsui Construction C ●		42
	1	TAL International Group, Inc.		59
	4	USG Corp. ●		94
	2	Vossloh AG		88
				1,177
		Commercial and Professional Services - 1.3%
	2	Advisory (The) Board Co. ●		109
	13	ALS Ltd.		66
	5	Moshi Moshi Hotline, Inc.		46
				221
		Consumer Durables and Apparel - 1.0%
	7	TRI Pointe Homes, Inc. ●		94
	3	William Lyon Homes ●		67
				161
		Consumer Services - 2.0%
	1	Ascent Capital Group, Inc. ●		67
	3	Boyd Gaming Corp. ●		37
	4	Pinnacle Entertainment, Inc. ●		108

The accompanying notes are an integral part of these financial statements.

7

Hartford Long/Short Global Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Securities Sold Short - 59.6% - (continued)
Common Stocks - 59.6% - (continued)
		Consumer Services - 2.0% - (continued)
	10	Scientific Games Corp. Class A ●	$	120
				332
		Diversified Financials - 6.5%
	4	AEON Financial Service Co., Ltd.		92
	2	Azimut Holding S.p.A.		46
	4	Banca Generali S.p.A.		99
	10	Coronation Fund Managers Ltd. ●		87
	3	Federated Investors, Inc.		105
	28	FlexiGroup Ltd./Australia		88
	6	FXCM, Inc.		103
	2	Greenhill & Co., Inc.		91
	2	MarketAxess Holdings, Inc.		112
	32	Monex Group, Inc.		82
	4	PHH Corp. ●		102
	15	Tullett Prebon plc		68
				1,075
		Energy - 2.2%
	1	AltaGas Ltd.		58
	4	Energy XXI (Bermuda) Ltd.		32
	5	Lundin Petroleum Ab ●		78
	27	Ophilr Energy plc ●		79
	3	Sanchez Energy Corp. ●		54
	9	Triangle Petroleum Corp. ●		66
				367
		Food and Staples Retailing - 1.2%
	45	Booker Group plc		102
	1	PriceSmart, Inc.		98
				200
		Food, Beverage and Tobacco - 2.9%
	3	B&G Foods, Inc. Class A		99
	3	Calbee, Inc.		102
	2	Post Holdings, Inc. ●		71
	4	Snyders-Lance, Inc.		111
	113	Uni-President China Holdings		104
				487
		Health Care Equipment and Services - 5.2%
	2	Asahi Intecc Co., Ltd.		101
	3	Cardiovascular Systems, Inc. ●		80
	2	Dexcom, Inc. ●		105
	—	Heartware International, Inc. ●		31
	1	Medidata Solutions, Inc. ●		39
	3	NxStage Medical, Inc. ●		47
	100	Shandong Weigao Group Medical Polymer Co., Ltd.		101
	3	Spectranetics Corp. ●		101
	3	Tornier N.V. ●		74
	1	William Demant Holding ●		65
	5	Zeltiq Aesthetics, Inc. ●		124
				868
		Insurance - 2.1%
	3	Brown & Brown, Inc.		101
	6	Jardine Lloyd Thompson Group plc		92
	7	Mediolanum S.p.A.		46
	2	Mercury General Corp.		102
				341
		Materials - 4.7%
	1	Balchem Corp.		73
	4	Daio Paper Corp. ●		34
	7	Essentra plc		79
	2	H.B. Fuller Co.		67
	12	Iluka Resources Ltd.		78
	8	Impala Platinum Holdings Ltd. ●		61
	7	Louisiana-Pacific Corp. ●		105
	2	LSB Industries, Inc. ●		62
	25	Nampak Ltd. ●		103
	43	Nine Dragons Paper Holdings		33
	24	UACJ Corp.		88
				783
		Retailing - 3.6%
	1	ASOS plc ●		34
	2	Don Quijote Holdings Co., Ltd.		112
	15	Groupon, Inc. ●		112
	3	HomeAway, Inc. ●		109
	113	Intime Retail Group Co., Ltd.		98
	18	Ocado Group plc ●		72
	3	Yoox S.p.A. ●		54
				591
		Semiconductors and Semiconductor Equipment - 0.9%
	12	Applied Micro Circuits Corp. ●		77
	3	Ultratech Stepper, Inc. ●		67
				144
		Software and Services - 7.4%
	3	Cornerstone OnDemand, Inc. ●		100
	2	DealerTrack Technologies, Inc. ●		110
	3	GMO Payment Gateway, Inc.		71
	2	Guidewire Software, Inc. ●		115
	2	Interactive Intelligence Group ●		115
	9	Iress Market Technology Ltd.		74
	4	Marketo, Inc. ●		114
	5	RealPage, Inc. ●		90
	5	RetailMeNot, Inc. ●		114
	1	SPS Commerce, Inc. ●		37
	2	Synchronoss Technologies, Inc. ●		85
	3	Wirecard AG		97
	3	Xoom Corp. ●		44
	1	Yelp, Inc. ●		72
				1,238
		Technology Hardware and Equipment - 2.6%
	5	Avigilon Corp. ●		75
	102	Digital China Holdings Ltd.		95
	5	Finisar Corp. ●		85
	3	Topcon Corp.		68
	2	ViaSat, Inc. ●		109
				432
		Telecommunication Services - 0.8%
	6	8x8, Inc. ●		48
	4	Telecom Plus plc		93
				141
		Transportation - 2.4%
	3	D/S Norden A/S		83
	8	Grupo Aeroportuario del Sureste S.A.B. de C.V.		106
	82	Pacific Basin Ship		39
	—	Panalpina Welttransport Holding AG		63
	3	XPO Logistics, Inc. ●		104
				395

The accompanying notes are an integral part of these financial statements.

8

Hartford Long/Short Global Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Securities Sold Short - 59.6% - (continued)
Common Stocks - 59.6% - (continued)
		Utilities - 1.2%
	148	Beijing Enterprises Water Group Ltd.			$	106
	2	Rubis SCA ●				99
						205
		Total Common Stocks
		(Proceeds $10,317)			$	9,896
		Total Securities Sold Short
		(Proceeds $10,317)	59.6	%	$	9,896

The accompanying notes are an integral part of these financial statements.

9

Hartford Long/Short Global Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:  Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $10,582, net of short proceeds of $10,320, and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	1,235
Unrealized Depreciation		(1,717	)
Net Unrealized Depreciation	$	(482	)

● Non-income producing.

Foreign Currency Contracts Outstanding at October 31, 2014

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
JPY	Sell	11/06/2014	DEUT	$	29	$	29	$	–	$	–
JPY	Sell	11/04/2014	SSG		10		9		1		–
Total								$	1	$	–

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
DEUT	Deutsche Bank Securities, Inc.
SSG	State Street Global Markets LLC
Currency Abbreviations:
JPY	Japanese Yen
Index Abbreviations:
EAFE	Europe, Australasia and Far East
Other Abbreviations:
ADR	American Depositary Receipt
ETF	Exchange Traded Fund
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

10

Hartford Long/Short Global Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Automobiles and Components	$	382	$	105	$	277	$	–
Banks		1,208		555		653		–
Capital Goods		1,436		1,080		356		–
Consumer Durables and Apparel		373		286		87		–
Consumer Services		557		408		149		–
Diversified Financials		1,021		860		161		–
Energy		985		895		90		–
Food, Beverage and Tobacco		515		119		396		–
Health Care Equipment and Services		1,430		946		484		–
Household and Personal Products		108		108		–		–
Insurance		733		248		485		–
Materials		1,981		1,302		679		–
Media		369		369		–		–
Pharmaceuticals, Biotechnology and Life Sciences		579		579		–		–
Real Estate		1,098		620		478		–
Retailing		1,054		346		708		–
Semiconductors and Semiconductor Equipment		1,044		863		181		–
Software and Services		1,307		1,130		177		–
Technology Hardware and Equipment		382		382		–		–
Telecommunication Services		379		228		151		–
Transportation		1,407		745		662		–
Utilities		589		207		382		–
Total		18,937		12,381		6,556		–
Exchange Traded Funds		1,049		1,049		–		–
Short-Term Investments		10		10		–		–
Total	$	19,996	$	13,440	$	6,556	$	–
Foreign Currency Contracts*	$	1	$	–	$	1	$	–
Total	$	1	$	–	$	1	$	–
Liabilities:
Securities Sold Short
Automobiles and Components	$	258	$	–	$	258	$	–
Banks		480		166		314		–
Capital Goods		1,177		650		527		–
Commercial and Professional Services		221		109		112		–
Consumer Durables and Apparel		161		161		–		–
Consumer Services		332		332		–		–
Diversified Financials		1,075		513		562		–
Energy		367		152		215		–
Food and Staples Retailing		200		98		102		–
Food, Beverage and Tobacco		487		281		206		–
Health Care Equipment and Services		868		601		267		–
Insurance		341		295		46		–
Materials		783		307		476		–
Retailing		591		221		370		–
Semiconductors and Semiconductor Equipment		144		144		–		–
Software and Services		1,238		996		242		–
Technology Hardware and Equipment		432		194		238		–
Telecommunication Services		141		48		93		–
Transportation		395		210		185		–
Utilities		205		–		205		–
Total	$	9,896	$	5,478	$	4,418	$	–

♦ For the period August 29, 2014 (commencement of operations) through October 31, 2014, there were no transfers between Level 1 and Level 2.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

11

Hartford Long/Short Global Equity Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $20,876)	$	19,996
Cash		6,550
Unrealized appreciation on foreign currency contracts		1
Receivables:
Investment securities sold		231
Fund shares sold		1
Dividends and interest		16
Other assets		58
Total assets		26,853
Liabilities:
Bank overdraft — foreign cash		5
Securities sold short, at market value (proceeds $10,317)		9,896
Payables:
Investment securities purchased		335
Investment management fees		4
Distribution fees		1
Dividends on securities sold short		9
Accrued expenses		11
Total liabilities		10,261
Net assets	$	16,592
Summary of Net Assets:
Capital stock and paid-in-capital	$	17,246
Net investment loss		(22	)
Accumulated net realized loss		(173	)
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(459	)
Net assets	$	16,592
Shares authorized		300,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.62/$10.18
Shares outstanding		403
Net assets	$	3,871
Class C: Net asset value per share	$	9.61
Shares outstanding		209
Net assets	$	2,004
Class I: Net asset value per share	$	9.62
Shares outstanding		414
Net assets	$	3,984
Class Y: Net asset value per share	$	9.62
Shares outstanding		700
Net assets	$	6,733

The accompanying notes are an integral part of these financial statements.

12

Hartford Long/Short Global Equity Fund

Statement of Operations

For the Period August 29, 2014 (commencement of operations) through October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	58
Interest		—
Less: Foreign tax withheld		(5	)
Total investment income		53
Expenses:
Investment management fees		37
Transfer agent fees
Class A		—
Class C		—
Class I		—
Class Y		—
Distribution fees
Class A		2
Class C		3
Custodian fees		—
Accounting services fees		1
Registration and filing fees		5
Board of Directors' fees		—
Dividend and interest expense on securities sold short		20
Audit fees		5
Short position fees		10
Other expenses		3
Total expenses (before waivers)		86
Expense waivers		(12	)
Total waivers		(12	)
Total expenses, net		74
Net Investment Loss		(21	)
Net Realized Loss on Investments and Foreign Currency Transactions:
Net realized loss on investments		(177	)
Net realized gain on securities sold short		4
Net realized loss on foreign currency contracts		(16	)
Net realized gain on other foreign currency transactions		15
Net Realized Loss on Investments and Foreign Currency Transactions		(174	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(880	)
Net unrealized appreciation of securities sold short		421
Net unrealized appreciation of foreign currency contracts		1
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(1	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(459	)
Net Loss on Investments and Foreign Currency Transactions		(633	)
Net Decrease in Net Assets Resulting from Operations	$	(654	)

The accompanying notes are an integral part of these financial statements.

13

Hartford Long/Short Global Equity Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Period August 29, 2014* through October 31, 2014
Operations:
Net investment loss	$	(21	)
Net realized loss on investments and foreign currency transactions		(174	)
Net unrealized depreciation of investments and foreign currency transactions		(459	)
Net Decrease in Net Assets Resulting from Operations		(654	)
Capital Share Transactions:
Class A		4,026
Class C		2,085
Class I		4,135
Class Y		7,000
Net increase from capital share transactions		17,246
Net Increase in Net Assets		16,592
Net Assets:
Beginning of period		—
End of period	$	16,592
Undistributed (distributions in excess of) net investment income	$	(22	)

* Commencement of operations.

The accompanying notes are an integral part of these financial statements.

14

Hartford Long/Short Global Equity Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for Hartford Long/Short Global Equity Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated

15

Hartford Long/Short Global Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date. 

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit

16

Hartford Long/Short Global Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.  

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

17

Hartford Long/Short Global Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund had no when-issued or delayed-delivery investments as of October 31, 2014.

Securities Sold Short – As part of its principal investment strategy, the Fund will enter into short sales. In a short sale, the Fund sells a borrowed security (typically from a broker or other institution). The Fund may not always be able to borrow the security at a particular time or at an acceptable price. Thus, there is a risk that the Fund may be unable to implement its investment strategy due to the lack of available stocks or for other reasons. After selling the borrowed security, the Fund is obligated to “cover” the short sale by purchasing the security and returning the security to the lender. If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss. Because the Fund’s loss on a short sale arises from increases in the value of the security sold short, such loss is theoretically unlimited. In certain cases, purchasing a security to cover a short position can itself cause the price of the security to rise further, thereby exacerbating the loss.

Short sales also involve other costs. The Fund must normally repay to the lender an amount equal to any dividends that accrue while the security is on loan. In addition, to borrow the security, the Fund may be required to pay a premium. The Fund also will incur transaction costs in executing short sales. The amount of any gain for the Fund resulting from a short sale will be decreased, and the amount of any loss will be increased, by the amount of the premiums, dividends, interest or expenses the Fund may be required to pay in connection with the short sale. Until the Fund replaces a borrowed security, it is required to maintain a segregated account of cash or liquid assets to cover the Fund’s short position. Investments held in a segregated account cannot be sold while the position they are covering is outstanding, unless they are replaced with similar securities. Additionally, the Fund must maintain sufficient liquid assets (less any additional collateral held by the broker) to cover the short sale obligation. This may limit the Fund’s investment flexibility, as well as its ability to meet redemption or other current obligations.

Dividends declared on short positions existing on the record date are recorded on the ex-dividend date as an expense on the Statement of Operations.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of period-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the period are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

18

Hartford Long/Short Global Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	1	$	—	$	—	$	—	$	—	$	1
Total	$	—	$	1	$	—	$	—	$	—	$	—	$	1

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the period August 29, 2014 (commencement of operations) through October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the period August 29, 2014 (commencement of operations) through October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Loss on Derivatives Recognized as a Result of Operations:
Net realized loss on foreign currency contracts	$	—	$	(16	)	$	—	$	—	$	—	$	—	$	(16	)
Total	$	—	$	(16	)	$	—	$	—	$	—	$	—	$	(16	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	1		$	—	$	—	$	—	$	—	$	1
Total	$	—	$	1		$	—	$	—	$	—	$	—	$	1

The derivatives held by the Fund as of October 31, 2014 are not subject to a master netting arrangement; therefore, no balance sheet offsetting disclosure is presented.

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive

19

Hartford Long/Short Global Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Components of Distributable Earnings – The Fund’s components of distributable earnings (deficit) on a tax basis at October 31, 2014, are as follows:

	Amount
Accumulated Capital and Other Losses*	$	(173	)
Unrealized Depreciation†		(481	)
Total Accumulated Deficit	$	(654	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the period ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(1	)
Accumulated Net Realized Gain (Loss)		1

Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010 funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

20

Hartford Long/Short Global Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

	Amount
Short-Term Capital Loss Carryforward	$	160
Total	$	160

As of October 31, 2014, the Fund elected to defer the following Late-Year Ordinary Losses:

	Amount
Ordinary Income	$	13

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $1 billion		1.400%
On next $1 billion		1.390%
Over $2 billion		1.380%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion		0.025%
On next $5 billion		0.020%
Over $10 billion		0.015%

21

Hartford Long/Short Global Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses, dividend and interest expenses on short sales and extraordinary expenses, through February 29, 2016 as follows:

Class A		Class C		Class I		Class Y
	1.90%		2.65%		1.65%		1.50%

Distribution and Service Plan for Class A and C Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the period August 29, 2014 (commencement of operations) through October 31, 2014, HFD received front-end load sales charges of zero and contingent deferred sales charges of zero from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A and C shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the period August 29, 2014 (commencement of operations) through October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. No amount was allocated to the Fund. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class A		99	%		23	%
Class C		96			12
Class I		48			12
Class Y		100			41

22

Hartford Long/Short Global Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Transactions:

For the period August 29, 2014 (commencement of operations) through October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	24,458	$	—	$	24,458
Sales Proceeds		3,415		—		3,415

Capital Share Transactions:

The following information is for the period August 29, 2014 (commencement of operations) through October 31, 2014:

	For the Period Ended October 31, 2014
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed		Net Increase (Decrease) of Shares
Class A
Shares		403		—		—		403
Amount	$	4,026	$	—	$	—	$	4,026
Class C
Shares		209		—		—		209
Amount	$	2,085	$	—	$	—	$	2,085
Class I
Shares		414		—		—		414
Amount	$	4,135	$	—	$	—	$	4,135
Class Y
Shares		700		—		—		700
Amount	$	7,000	$	—	$	—	$	7,000
Total
Shares		1,726		—		—		1,726
Amount	$	17,246	$	—	$	—	$	17,246

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

23

Hartford Long/Short Global Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

24

Hartford Long/Short Global Equity Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
From August 29, 2014 (commencement of operations), through October 31, 2014
A(D)	$	10.00	$	(0.01	)	$	(0.37	)	$	(0.38	)	$	–	$	–	$	–	$	9.62		(3.80	)%(E)	$	3,871		3.32	%(F)		2.86	%(F),(G)		(0.84	)%(F)
C(D)		10.00		(0.03	)		(0.36	)		(0.39	)		–		–		–		9.61		(3.90	)(E)		2,004		4.07	(F)		3.61	(F),(G)		(1.60	)(F)
I(D)		10.00		(0.01	)		(0.37	)		(0.38	)		–		–		–		9.62		(3.80	)(E)		3,984		3.08	(F)		2.62	(F),(G)		(0.73	)(F)
Y(D)		10.00		(0.01	)		(0.37	)		(0.38	)		–		–		–		9.62		(3.80	)(E)		6,733		3.08	(F)		2.62	(F),(G)		(0.59	)(F)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Commenced operations on August 29, 2014.

(E) Not annualized.

(F) Annualized.

(G) Excluding the expenses not subject to cap, the ratio would have been 1.74%, 2.49%, 1.50% and 1.50% for Class A, Class C, Class I and Class Y, respectively.

	Portfolio Turnover Rate for All Share Classes
From August 29, 2014 (commencement of operations) through October 31, 2014	32	%(A)

(A) Not annualized.

25

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Hartford Long/Short Global Equity Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations, the statement of changes in net assets, and the financial highlights for the period from August 29, 2014 (commencement of operations) to October 31, 2014. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Hartford Long/Short Global Equity Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations, the changes in its net assets, and the financial highlights for the period from August 29, 2014 (commencement of operations) to October 31, 2014, in conformity with U.S. generally accepted accounting principles.

 

Minneapolis, Minnesota
December 18, 2014

26

Hartford Long/Short Global Equity Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

27

Hartford Long/Short Global Equity Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

28

Hartford Long/Short Global Equity Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

29

Hartford Long/Short Global Equity Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

30

Hartford Long/Short Global Equity Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of August 29, 2014 (commencement of operations) through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 63/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value August 29, 2014		Ending Account Value October 31, 2014		Expenses paid during the period August 29, 2014 through October 31, 2014		Beginning Account Value August 29, 2014		Ending Account Value October 31, 2014		Expenses paid during the period August 29, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A*	$	1,000.00	$	962.00	$	4.84	$	1,000.00	$	1,003.69	$	4.95		2.86	%		63		365
Class C*	$	1,000.00	$	961.00	$	6.11	$	1,000.00	$	1,002.40	$	6.24		3.61			63		365
Class I*	$	1,000.00	$	962.00	$	4.40	$	1,000.00	$	1,004.14	$	4.50		2.60			63		365
Class Y*	$	1,000.00	$	962.00	$	4.43	$	1,000.00	$	1,004.11	$	4.53		2.62			63		365

* Commenced operations on August 29, 2014.

31

Hartford Long/Short Global Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), initially approve, and annually review and consider the continuation of, the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on May 6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve an investment management agreement for Hartford Long/Short Global Equity Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and an investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

Prior to approving the Agreements, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses (the “Adviser Materials”). In addition, the Board’s Investment Committee received in-person presentations from representatives of the Advisers regarding the Fund and the proposed investment strategy.

In determining whether to approve the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the Agreements was based on a comprehensive consideration of all information provided to the Board with respect to the approval of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services to be Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services to be provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services to be provided by the Advisers. The Board considered the Advisers’ organizational structure, systems and personnel. The Board also considered each Adviser’s reputation and overall financial strength and the Board’s past experience with the Advisers with respect to the services they provide to other Hartford Funds.

With respect to HFMC, the Board noted that, under the Agreements, HFMC would be responsible for the management of the Fund, including oversight of fund operations and service providers. The Board also noted that HFMC would provide administrative services to the Fund as well as investment advisory services in connection with selecting, monitoring and supervising the Fund’s sub-adviser, and that HFMC had recommended to the Board that the Sub-adviser be appointed as the sub-adviser to the Fund. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the management and/or strategies of the Hartford Funds when warranted. The Board considered that HFMC would oversee the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered that HFMC would oversee compliance with the Fund’s objective and policies as well as with applicable laws and regulations. In addition, the Board considered that HFMC or its affiliates would be responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which would provide certain day-to-day portfolio management services for the Fund, the Investment Committee met with members of the proposed portfolio management team. The Board considered the Sub-adviser’s investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience.

The Board also considered information previously provided by the Advisers regarding their compliance policies and procedures and compliance history, and received a representation from HFMC that the written compliance policies and procedures of HFMC and the Sub-adviser are reasonably designed to prevent violations of the federal securities laws. In addition, the Board considered HFMC’s representation that it did not anticipate making any material changes to HFMC’s and the Hartford Funds’ compliance program as a result of the addition of the Fund.

In considering this information, the Board evaluated not only the information presented to the Board and the Investment Committee in connection with its consideration of the Agreements, but also the Board’s experience through past interactions with HFMC and the Sub-adviser. Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services to be provided to the Fund by HFMC and the Sub-adviser.

32

Hartford Long/Short Global Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Performance of the Sub-adviser

The Board considered the investment performance of the Sub-adviser and its portfolio management team, including, for purposes of considering the investment skill and experience of the Fund’s portfolio managers, composite performance data showing the portfolio management team’s capabilities in managing an investment strategy that is similar to the strategy to be used in managing the Fund, as well as the performance of a hypothetical model portfolio. HFMC and the Sub-adviser also provided additional information about the broad range of the portfolio management team’s investment experience and their investment philosophy and process.

Based on these considerations, the Board concluded that it was satisfied that HFMC and the Sub-adviser have the capability of providing satisfactory investment performance for the Fund.

Costs of the Services and Profitability of the Advisers

In considering the proposed advisory and sub-advisory fee schedules for the Fund, the Board reviewed information regarding HFMC’s estimated costs to provide investment management and related services to the Fund and the estimated profitability to HFMC and its affiliates from all services to be provided to the Fund and all aspects of their relationships with the Fund. In evaluating HFMC’s estimated profitability, the Board considered HFMC’s representation that the level of estimated profitability was fair and appropriate based on the nature and quality of the services to be provided to shareholders. The Board also noted that the actual profitability of the Fund to HFMC would depend on the growth of assets under management. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services to be Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the expected total expense ratios of the Fund. The Board also considered the proposed sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the proposed management and sub-advisory fees and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information comparing the Fund’s proposed management fees and total expenses relative to a peer universe of funds derived from information provided by Lipper, Inc. (“Lipper”), an independent provider of investment company data, in conjunction with input from an independent financial services consultant engaged by the Board. The Board considered that HFMC had contractually agreed to limit the expenses for the Fund’s Class A, Class C, Class I, and Class Y shares to 1.90%, 2.65%, 1.65%, and 1.50%, respectively, through February 29, 2016, with such arrangement automatically renewing on an annual basis unless HFMC provides written notice of termination prior to the start of the next term or upon approval of the Board.

In considering the reasonableness of the Fund’s management and sub-advisory fees and total expense ratios, the Board considered that, according to the information provided by Lipper, the Fund’s proposed weighted management fees were above the Lipper peer group average and median for all asset levels, and that the proposed weighted management fees fell within the 4^th quintile for all asset levels. The Board also considered that the Fund’s estimated total expenses, less Rule 12b-1 fees, were below the Lipper peer group average and median and fell within the 3^rd quintile.

Based on these considerations, the Board concluded that the Fund’s proposed fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services to be provided.

Economies of Scale

The Board considered the extent to which economies of scale would be realized as the Fund grows and whether the fee levels reflect these economies of scale for the benefit of the Fund’s future shareholders. The Board reviewed the breakpoints in the proposed management fee schedule for the Fund, which would reduce fee rates as Fund assets grow over time. The Board considered HFMC’s representation that the Fund could be expected to achieve some economies of scale as assets in the Fund grow. The Board recognized that a fund with assets beyond the highest breakpoint level would continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee

33

Hartford Long/Short Global Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses for the Hartford Funds.

The Board also considered how any benefits from economies of scale would be realized by the various parties. The Board reviewed relevant information included in the Adviser Materials regarding comparative breakpoint information for other funds in the Fund’s Lipper peer group. Based on these considerations, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s future shareholders. The Board noted, however, that it would review future growth in Fund assets and the appropriateness of the breakpoints as part of its future annual review of the Agreements.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC would receive fees for fund accounting and related services from the Fund. The Board also considered that Hartford Administrative Services Company, the Fund’s transfer agent and an affiliate of HFMC, would receive transfer agency compensation from the Fund.

The Board also considered that Hartford Funds Distributors LLC (“HFD”), an affiliate of HFMC, will serve as principal underwriter of the Fund. As principal underwriter, HFD would receive 12b-1 fees from the Fund and would receive all or a portion of the sales charges on sales or redemptions of certain classes of shares.

The Board considered the benefits to the Fund’s future shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session with independent legal counsel to review the relevant materials and consider their responsibilities under relevant laws and regulations.

34

Hartford Long/Short Global Equity Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Short Sales and Leverage Risk: When selling a borrowed security, the Fund will lose money if it must repurchase the security at a higher price than it received for the borrowed security. The potential loss is theoretically unlimited. The Fund’s use of leverage may not be successful, may increase the volatility of the Fund’s returns, and could cause the Fund to underperform.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Small-Cap Stock Risk: Small-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

Quantitative Analysis Risk: The Fund uses quantitative analysis in its securities selection; securities selected by this method may perform differently from the broader stock market.

35

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures. We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-LS14 12/14 116926 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD MIDCAP FUND     2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford MidCap Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	9
Statement of Operations for the Year Ended October 31, 2014	10
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	11
Notes to Financial Statements	12
Financial Highlights	22
Report of Independent Registered Public Accounting Firm	24
Directors and Officers (Unaudited)	25
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	27
Quarterly Portfolio Holdings Information (Unaudited)	27
Federal Tax Information (Unaudited)	28
Expense Example (Unaudited)	29
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	30
Main Risks (Unaudited)	34

The views expressed in the Fund’s Manager Discussion under “Why did the Fund perform this way?” and “What is the outlook?” are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford MidCap Fund inception 12/31/1997

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term growth of capital.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
MidCap A#		15.57	%		17.56	%		10.72	%
MidCap A##		9.22	%		16.23	%		10.10	%
MidCap B#		14.56	%		16.56	%		10.02	%*
MidCap B##		9.56	%		16.34	%		10.02	%*
MidCap C#		14.81	%		16.75	%		9.97	%
MidCap C##		13.81	%		16.75	%		9.97	%
MidCap I#		15.89	%		17.87	%		10.90	%
MidCap R3#		15.24	%		17.24	%		10.79	%
MidCap R4#		15.55	%		17.60	%		10.98	%
MidCap R5#		15.91	%		17.96	%		11.16	%
MidCap Y#		16.08	%		18.09	%		11.22	%
S&P MidCap 400 Index		11.65	%		18.28	%		10.50	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 2/27/09. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 5/29/09. Performance prior to that date is that of the Fund’s Class Y shares which had different operating expenses.

S&P MidCap 400 Index is an unmanaged index of common stocks of companies chosen by S&P designed to represent price movements in the mid-cap U.S. equity market.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford MidCap Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
MidCap Class A		1.20	%		1.20	%
MidCap Class B		2.07	%		2.11	%
MidCap Class C		1.91	%		1.91	%
MidCap Class I		0.96	%		0.96	%
MidCap Class R3		1.48	%		1.48	%
MidCap Class R4		1.17	%		1.17	%
MidCap Class R5		0.87	%		0.87	%
MidCap Class Y		0.77	%		0.77	%

* As shown in the Fund’s prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund’s total annual operating expenses shown in the Fund’s prospectus dated March 1, 2014. Net expenses are the Fund’s total annual operating expenses shown in the Fund’s prospectus dated March 1, 2014 and reflect contractual expense reimbursements in instances when these reductions reduce the Fund’s gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date. However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.  The net expense ratios shown in the November 7, 2014 prospectus are 1.20%, 2.11%, 1.91%, 0.96%, 1.48%, 1.17%, 0.87%, and 0.77% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively, and reflect contractual expense reimbursements in place until February 29, 2016. The gross expense ratios shown in the November 7, 2014 prospectus are 1.20%, 2.11%, 1.91%, 0.96%, 1.48%, 1.17%, 0.87%, and 0.77% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Philip W. Ruedi, CFA	Mark A. Whitaker, CFA
Senior Vice President and Equity Portfolio Manager	Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford MidCap Fund returned 15.57%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the S&P MidCap 400 Index, which returned 11.65% for the same period. The Fund also outperformed the 10.25% average return of the Lipper Mid-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities surged during the period, despite bouts of significant volatility. After finishing their best year since 1997, U.S. stocks began 2014 with their worst month in nearly two years. Worries about an economic slowdown in China and general angst surrounding emerging markets overshadowed a fairly benign domestic environment. However, robust merger and acquisition activity and an uncontested increase in the debt ceiling from Congress helped stoke investors’ risk appetites in February. The rally continued in May amid renewed signs of life in the housing market and the best payroll gain in more than two years. However, a pullback in July ended a streak of five consecutive monthly gains. Fear gripped the market as heightened geopolitical risks, a potential Portuguese banking crisis, and worries of U.S. Federal Reserve (Fed) tightening took center stage. Stocks rebounded in August as investors were emboldened by encouraging economic data, headlined by better-than-expected gross domestic product (GDP) growth and signs that the housing recovery still had legs. In September, U.S. equities retreated for just the third month this year. Despite solid manufacturing and consumer confidence readings, the reality of quantitative easing ending and the prospect of higher federal funds rates in mid-2015 contributed to increased risk aversion levels. Stocks finished a volatile October at an all-time high on the heels of a positive earnings season and generally solid economic data. Returns also varied noticeably by market-cap, as small-cap stocks (+8%) and mid-cap stocks (+12%) underperformed large-cap stocks (+17%), as measured by the Russell 2000, S&P MidCap 400, and S&P 500 Indices, respectively. Within the S&P MidCap 400 Index, nine of the ten sectors posted positive returns. The Consumer Staples (+34%), Healthcare (+22%) and Utilities (+15%) sectors performed best while Energy (-11%) lagged.

The Fund outperformed its benchmark during the period primarily as a result of strong security selection. Stock selection contributed to relative performance in nine of ten sectors, led by the Healthcare, Consumer Discretionary, and Utilities sectors. Sector allocation, a result of our bottom up stock selection process, detracted modestly during the period due primarily to an overweight to the Energy sector and an underweight to the Consumer Staples sector.

Top contributors to relative performance included Incyte (Healthcare), NXP Semiconductors (Information Technology), and Monster Beverage (Consumer Staples). Incyte is a drug developer company focused on the treatment of cancers, myelofibrosis, and inflammation. Shares moved higher following strong third-quarter

3

The Hartford MidCap Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

results which beat consensus estimates, largely driven by sales of Jakafi, a drug for the treatment of myelofibrosis, a type of bone marrow cancer. Shares of Netherlands-based semiconductor company NXP Semiconductors rose based on a favorable outlook and increasing optimism among investors. Shares of Monster Beverage, a U.S.-based maker of energy drinks, surged after the company announced a long-term strategic partnership with Coca-Cola. As part of the deal, Coca-Cola purchased a 17% stake in Monster. Top absolute contributors for the period included Advanced Auto Parts (Consumer Discretionary) and Alkermes (Healthcare).

Top relative and absolute detractors included Cobalt International Energy (Energy), Genpact (Information Technology), and Jacobs Engineering (Industrials). Shares of Cobalt International Energy, a U.S.-based, oil-focused exploration and production company, underperformed as negative investor sentiment for the subsector dampened the stock price. Uncertainty surrounding the impact of questions from the SEC also weighed on the stock. Shares of Genpact, a business process outsourcing services provider, underperformed after the company lowered revenue guidance due to slower completion of larger deals and lower volumes. Shares of Jacobs Engineering, an engineering and construction firm, declined during the period due to concerns about the energy and mining sectors, which have been soft lately.

Derivatives are not used in a significant manner in this Fund and did not have an impact on performance during the period.

What is the outlook?

We believe the global economic cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We believe the U.S. economy is on track for a self-sustaining expansion and should, due to a steadily improving labor market, experience rising wage inflation and a moderate increase in policy rates next year. At the end of the period, our largest overweights were in the Healthcare, Industrials, and Information Technology sectors, while our largest underweights were Financials, where our research continues to find that real estate investment trusts (REIT) are not attractively valued, as well as Materials, and Utilities, relative to the benchmark.

Diversification by Sector
as of October 31, 2014
Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		14.2	%
Consumer Staples		2.9
Energy		7.0
Financials		13.4
Health Care		19.1
Industrials		18.5
Information Technology		19.2
Materials		3.1
Utilities		2.2
Total		99.6	%
Short-Term Investments		0.4
Other Assets and Liabilities		0.0
Total		100.0	%

A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford MidCap Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 99.6%
		Automobiles and Components - 2.9%
	1,822	Allison Transmission Holdings, Inc.	$	59,175
	1,018	Harley-Davidson, Inc.		66,892
				126,067
		Banks - 3.7%
	226	Cullen/Frost Bankers, Inc.		18,234
	477	East West Bancorp, Inc.		17,552
	858	First Republic Bank		43,697
	679	M&T Bank Corp.		82,957
				162,440
		Capital Goods - 7.4%
	370	Colfax Corp. ●		20,123
	638	IDEX Corp.		47,783
	877	Jacobs Engineering Group, Inc. ●		41,601
	782	Lennox International, Inc.		69,548
	667	MSC Industrial Direct Co., Inc.		54,016
	748	PACCAR, Inc.		48,858
	423	Pall Corp.		38,653
				320,582
		Commercial and Professional Services - 8.7%
	779	Clean Harbors, Inc. ●		38,638
	1,301	Equifax, Inc.		98,521
	868	Manpowergroup, Inc.		57,929
	1,878	Robert Half International, Inc.		102,858
	436	Trinet Group, Inc. ●		13,047
	1,403	Waste Connections, Inc.		70,029
				381,022
		Consumer Durables and Apparel - 1.7%
	59	NVR, Inc. ●		71,978
		Consumer Services - 1.2%
	871	Apollo Education Group, Inc. ●		24,970
	533	DeVry Education Group, Inc.		25,826
				50,796
		Diversified Financials - 4.0%
	627	Invesco Ltd.		25,385
	379	Moody’s Corp.		37,641
	701	MSCI, Inc.		32,715
	566	Northern Trust Corp.		37,508
	1,108	SEI Investments Co.		42,836
				176,085
		Energy - 7.0%
	80	Cimarex Energy Co.		9,076
	1,895	Cobalt International Energy, Inc. ●		22,190
	905	Consol Energy, Inc.		33,291
	594	Energen Corp.		40,240
	377	EQT Corp.		35,410
	253	Gulfport Energy Corp. ●		12,718
	1,132	Laredo Petroleum, Inc. ●		21,466
	421	Memorial Resource Development Corp. ●		11,417
	334	Oasis Petroleum, Inc. ●		10,008
	1,335	Patterson-UTI Energy, Inc.		30,744
	1,044	QEP Resources, Inc.		26,165
	285	Range Resources Corp.		19,479
	1,070	Superior Energy Services, Inc.		26,912
	111	Whiting Petroleum Corp. ●		6,787
				305,903
		Food and Staples Retailing - 0.6%
	274	PriceSmart, Inc.		24,383
		Food, Beverage and Tobacco - 2.3%
	480	Molson Coors Brewing Co.		35,736
	622	Monster Beverage Corp. ●		62,724
				98,460
		Health Care Equipment and Services - 7.4%
	1,221	Envision Healthcare Holdings ●		42,667
	1,455	IMS Health Holdings, Inc. ●		35,274
	487	MEDNAX, Inc. ●		30,394
	516	Omnicare, Inc.		34,348
	866	Patterson Cos., Inc.		37,315
	547	Sirona Dental Systems, Inc. ●		42,983
	621	Team Health Holdings ●		38,856
	601	Universal Health Services, Inc. Class B		62,348
				324,185
		Insurance - 5.7%
	115	Alleghany Corp. ●		51,068
	96	Fairfax Financial Holdings Ltd.		43,696
	124	Markel Corp. ●		85,930
	687	W.R. Berkley Corp.		35,415
	52	White Mountains Insurance Group Ltd.		32,705
				248,814
		Materials - 3.1%
	599	Packaging Corp. of America		43,151
	122	Reliance Steel & Aluminum		8,264
	127	Sherwin-Williams Co.		29,226
	641	Silgan Holdings, Inc.		31,516
	990	Steel Dynamics, Inc.		22,777
				134,934
		Media - 1.0%
	689	DreamWorks Animation SKG, Inc. ●		15,350
	1,493	Pandora Media, Inc. ●		28,794
				44,144
		Pharmaceuticals, Biotechnology and Life Sciences - 11.7%
	1,996	Alkermes plc ●		100,884
	393	Alnylam Pharmaceuticals, Inc. ●		36,431
	763	Cubist Pharmaceuticals, Inc. ●		55,169
	506	Hospira, Inc. ●		27,192
	927	Incyte Corp. ●		62,144
	1,782	Ironwood Pharmaceuticals, Inc. ●		24,989
	125	Jazz Pharmaceuticals plc ●		21,071
	549	Medivation, Inc. ●		58,047
	82	Mettler-Toledo International, Inc. ●		21,275
	447	Salix Pharmaceuticals Ltd. ●		64,362
	359	Waters Corp. ●		39,787
				511,351
		Retailing - 7.4%
	770	Advance Automotive Parts, Inc.		113,158
	1,363	CarMax, Inc. ●		76,225
	1,438	HomeAway, Inc. ●		50,171
	239	Tiffany & Co.		22,986
	681	TripAdvisor, Inc. ●		60,389
				322,929
		Semiconductors and Semiconductor Equipment - 2.4%
	328	First Solar, Inc. ●		19,303
	986	Maxim Integrated Products, Inc.		28,920
	513	NXP Semiconductors N.V. ●		35,243
	609	SunPower Corp. ●		19,394
				102,860
		Software and Services - 11.4%
	1,161	Akamai Technologies, Inc. ●		69,980

The accompanying notes are an integral part of these financial statements.

5

The Hartford MidCap Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Common Stocks - 99.6% - (continued)
		Software and Services - 11.4% - (continued)
	330	Citrix Systems, Inc. ●			$	21,220
	468	Factset Research Systems, Inc.				61,448
	5,057	Genpact Ltd. ●				88,749
	621	Solera Holdings, Inc.				32,258
	2,718	Vantiv, Inc. ●				84,032
	665	VeriSign, Inc. ●				39,748
	502	WEX, Inc. ●				56,988
	667	Yelp, Inc. ●				40,003
						494,426
		Technology Hardware and Equipment - 5.4%
	823	Amphenol Corp. Class A				41,632
	216	F5 Networks, Inc. ●				26,606
	245	FEI Co.				20,625
	2,127	National Instruments Corp.				67,379
	718	Nimble Storage, Inc. ●				19,654
	2,171	Trimble Navigation Ltd. ●				58,311
						234,207
		Transportation - 2.4%
	82	AMERCO, Inc.				22,335
	441	Genesee & Wyoming, Inc. Class A ●				42,381
	489	J.B. Hunt Transport Services, Inc.				38,979
						103,695
		Utilities - 2.2%
	335	Northeast Utilities				16,516
	1,590	UGI Corp.				59,929
	416	Wisconsin Energy Corp.				20,634
						97,079
		Total Common Stocks
		( Cost $3,240,129)			$	4,336,340
		Total Long-Term Investments
		(Cost $3,240,129)			$	4,336,340
Short-Term Investments - 0.4%
Repurchase Agreements - 0.4%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $50, collateralized by U.S. Treasury Note 1.50%, 2019, value of $51)
$	50	0.08%, 10/31/2014			$	50
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $847, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $863)
	847	0.09%, 10/31/2014				847
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $227, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $232)
	227	0.08%, 10/31/2014				227
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $771, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $786)
	771	0.10%, 10/31/2014				771
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,905, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $2,963)
	2,905	0.08%, 10/31/2014				2,905
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3,339, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $3,406)
	3,339	0.09%, 10/31/2014				3,339
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $193, collateralized by U.S. Treasury Note 0.88%, 2017, value of $197)
	193	0.13%, 10/31/2014				193
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $284, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $289)
	284	0.07%, 10/31/2014				284
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,989, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $3,049)
	2,989	0.08%, 10/31/2014				2,989
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,792, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $5,908)
	5,792	0.10%, 10/31/2014				5,792
						17,397
		Total Short-Term Investments
		(Cost $17,397)			$	17,397
		Total Investments
		(Cost $3,257,526) ▲	100.0	%	$	4,353,737
		Other Assets and Liabilities	–	%		1,352
		Total Net Assets	100.0	%	$	4,355,089

The accompanying notes are an integral part of these financial statements.

6

The Hartford MidCap Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:  Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $3,264,236 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	1,165,136
Unrealized Depreciation		(75,635	)
Net Unrealized Appreciation	$	1,089,501

● Non-income producing.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Other Abbreviations:
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association

The accompanying notes are an integral part of these financial statements.

7

The Hartford MidCap Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	4,336,340	$	4,336,340	$	—	$	—
Short-Term Investments		17,397		—		17,397		—
Total	$	4,353,737	$	4,336,340	$	17,397	$	—

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

‡ The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

8

The Hartford MidCap Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $3,257,526)	$	4,353,737
Cash		—
Receivables:
Investment securities sold		4,853
Fund shares sold		8,717
Dividends and interest		603
Other assets		112
Total assets		4,368,022
Liabilities:
Payables:
Investment securities purchased		7,731
Fund shares redeemed		3,860
Investment management fees		590
Administrative fees		7
Distribution fees		206
Accrued expenses		539
Total liabilities		12,933
Net assets	$	4,355,089
Summary of Net Assets:
Capital stock and paid-in-capital	$	2,841,272
Undistributed net investment income		—
Accumulated net realized gain		417,606
Unrealized appreciation of investments		1,096,211
Net assets	$	4,355,089
Shares authorized		760,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$27.38/$28.97
Shares outstanding		69,057
Net assets	$	1,891,075
Class B: Net asset value per share	$	21.65
Shares outstanding		1,360
Net assets	$	29,446
Class C: Net asset value per share	$	22.18
Shares outstanding		24,537
Net assets	$	544,154
Class I: Net asset value per share	$	27.78
Shares outstanding		19,826
Net assets	$	550,720
Class R3: Net asset value per share	$	30.02
Shares outstanding		1,879
Net assets	$	56,403
Class R4: Net asset value per share	$	30.61
Shares outstanding		3,078
Net assets	$	94,232
Class R5: Net asset value per share	$	30.96
Shares outstanding		3,564
Net assets	$	110,364
Class Y: Net asset value per share	$	31.10
Shares outstanding		34,689
Net assets	$	1,078,695

The accompanying notes are an integral part of these financial statements.

9

The Hartford MidCap Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	30,438
Interest		11
Less: Foreign tax withheld		(104	)
Total investment income		30,345
Expenses:
Investment management fees		29,404
Administrative services fees
Class R3		105
Class R4		124
Class R5		100
Transfer agent fees
Class A		2,753
Class B		93
Class C		596
Class I		505
Class R3		5
Class R4		3
Class R5		1
Class Y		15
Distribution fees
Class A		4,854
Class B		317
Class C		5,132
Class R3		263
Class R4		206
Custodian fees		20
Accounting services fees		487
Registration and filing fees		240
Board of Directors’ fees		106
Audit fees		37
Other expenses		565
Total expenses (before fees paid indirectly)		45,931
Commission recapture		(56	)
Custodian fee offset		—
Total fees paid indirectly		(56	)
Total expenses, net		45,875
Net Investment Loss		(15,530	)
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		446,237
Net realized gain on foreign currency contracts		30
Net realized loss on other foreign currency transactions		(30	)
Net Realized Gain on Investments and Foreign Currency Transactions		446,237
Net Changes in Unrealized Appreciation of Investments:
Net unrealized appreciation of investments		143,809
Net Changes in Unrealized Appreciation of Investments		143,809
Net Gain on Investments and Foreign Currency Transactions		590,046
Net Increase in Net Assets Resulting from Operations	$	574,516

The accompanying notes are an integral part of these financial statements.

10

The Hartford MidCap Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment loss	$	(15,530	)	$	(4,019	)
Net realized gain on investments and foreign currency transactions		446,237			293,194
Net unrealized appreciation of investments		143,809			677,846
Net Increase in Net Assets Resulting from Operations		574,516			967,021
Distributions to Shareholders:
From net investment income
Class A		—			(608	)
Class I		—			(578	)
Class R4		—			(2	)
Class R5		—			(235	)
Class Y		—			(2,944	)
Total from net investment income		—			(4,367	)
From net realized gain on investments
Class A		(143,567	)		(96,210	)
Class B		(3,118	)		(2,311	)
Class C		(44,516	)		(28,184	)
Class I		(21,759	)		(13,170	)
Class R3		(3,447	)		(2,175	)
Class R4		(5,330	)		(3,216	)
Class R5		(6,408	)		(3,729	)
Class Y		(61,071	)		(36,780	)
Total from net realized gain on investments		(289,216	)		(185,775	)
Total distributions		(289,216	)		(190,142	)
Capital Share Transactions:
Class A		(90,324	)		(80,718	)
Class B		(5,095	)		(4,400	)
Class C		44,606			2,588
Class I		244,983			7,819
Class R3		4,719			82
Class R4		9,864			3,947
Class R5		11,117			5,419
Class Y		128,130			45,181
Net increase (decrease) from capital share transactions		348,000			(20,082	)
Net Increase in Net Assets		633,300			756,797
Net Assets:
Beginning of period		3,721,789			2,964,992
End of period	$	4,355,089		$	3,721,789
Undistributed (distributions in excess of) net investment income	$	—		$	(4,084	)

The accompanying notes are an integral part of these financial statements.

11

The Hartford MidCap Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford MidCap Fund (the “Fund”), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund’s prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund’s shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund’s portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company’s Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund’s portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

12

The Hartford MidCap Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company’s Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when

13

The Hartford MidCap Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund’s Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company’s Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company’s Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

14

The Hartford MidCap Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund had no outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

The volume of derivative activity was minimal during the year ended October 31, 2014.

15

The Hartford MidCap Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on foreign currency contracts	$	—	$	30	$	—	$	—	$	—	$	—	$	30
Total	$	—	$	30	$	—	$	—	$	—	$	—	$	30

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	35,486	$	4,331
Long-Term Capital Gains ‡		253,730		185,811

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

16

The Hartford MidCap Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:

	Amount
Undistributed Ordinary Income	$	51,668
Undistributed Long-Term Capital Gain		372,648
Unrealized Appreciation*		1,089,501
Total Accumulated Earnings	$	1,513,817

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	19,614
Accumulated Net Realized Gain (Loss)		(19,697	)
Capital Stock and Paid-in-Capital		83

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC (“HFMC”) serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP (“Wellington Management”) under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s

17

The Hartford MidCap Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.8500%
On next $500 million	0.7500%
On next $4 billion	0.7000%
On next $5 billion	0.6975%
Over $10 billion	0.6950%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.012%
Over $5 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.37%	NA	NA	1.12%	1.50%	1.20%	0.90%	NA

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund’s custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, these amounts, if any, are included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.15	%
Class B		2.05
Class C		1.87
Class I		0.90
Class R3		1.47
Class R4		1.16
Class R5		0.86
Class Y		0.76

18

The Hartford MidCap Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $3,571 and contingent deferred sales charges of $38 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $7. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, the Fund’s shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		1	%

19

The Hartford MidCap Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	1,420,328	$	—	$	1,420,328
Sales Proceeds		1,372,547		—		1,372,547

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		7,751		5,886		(16,536	)		(2,899	)		7,012		4,997		(15,207	)		(3,198	)
Amount	$	203,757	$	141,547	$	(435,628	)	$	(90,324	)	$	157,694	$	95,264	$	(333,676	)	$	(80,718	)
Class B
Shares		49		159		(440	)		(232	)		56		145		(421	)		(220	)
Amount	$	1,025	$	3,057	$	(9,177	)	$	(5,095	)	$	1,008	$	2,262	$	(7,670	)	$	(4,400	)
Class C
Shares		3,285		2,159		(3,187	)		2,257			2,564		1,671		(3,953	)		282
Amount	$	70,122	$	42,325	$	(67,841	)	$	44,606		$	48,353	$	26,598	$	(72,363	)	$	2,588
Class I
Shares		11,260		821		(2,967	)		9,114			2,631		643		(2,921	)		353
Amount	$	303,600	$	19,983	$	(78,600	)	$	244,983		$	60,544	$	12,414	$	(65,139	)	$	7,819
Class R3
Shares		511		130		(468	)		173			522		102		(616	)		8
Amount	$	14,735	$	3,410	$	(13,426	)	$	4,719		$	12,692	$	2,140	$	(14,750	)	$	82
Class R4
Shares		1,098		196		(942	)		352			1,033		151		(1,025	)		159
Amount	$	32,081	$	5,271	$	(27,488	)	$	9,864		$	26,004	$	3,184	$	(25,241	)	$	3,947
Class R5
Shares		838		236		(688	)		386			885		177		(795	)		267
Amount	$	24,802	$	6,408	$	(20,093	)	$	11,117		$	21,928	$	3,778	$	(20,287	)	$	5,419
Class Y
Shares		8,285		2,068		(5,979	)		4,374			7,932		1,708		(7,546	)		2,094
Amount	$	247,564	$	56,270	$	(175,704	)	$	128,130		$	198,979	$	36,553	$	(190,351	)	$	45,181
Total
Shares		33,077		11,655		(31,207	)		13,525			22,635		9,594		(32,484	)		(255	)
Amount	$	897,686	$	278,271	$	(827,957	)	$	348,000		$	527,202	$	182,193	$	(729,477	)	$	(20,082	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		82	$	2,154
For the Year Ended October 31, 2013		79	$	1,773

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in

20

The Hartford MidCap Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

21

The Hartford MidCap Fund

Financial Highlights

	- Selected Per-Share Data - (A)																							- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000’s)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	25.67	$	(0.10	)	$	3.82	$	3.72	$	–		$	(2.01	)	$	(2.01	)	$	27.38		15.57	%	$	1,891,075		1.15	%		1.15	%		(0.40	)%
B		20.88		(0.27	)		3.05		2.78		–			(2.01	)		(2.01	)		21.65		14.56			29,446		2.05			2.05			(1.29	)
C		21.30		(0.24	)		3.13		2.89		–			(2.01	)		(2.01	)		22.18		14.81			544,154		1.88			1.88			(1.13	)
I		25.95		(0.04	)		3.88		3.84		–			(2.01	)		(2.01	)		27.78		15.89			550,720		0.90			0.90			(0.17	)
R3		28.03		(0.21	)		4.21		4.00		–			(2.01	)		(2.01	)		30.02		15.24			56,403		1.47			1.47			(0.72	)
R4		28.47		(0.12	)		4.27		4.15		–			(2.01	)		(2.01	)		30.61		15.55			94,232		1.16			1.16			(0.41	)
R5		28.69		(0.03	)		4.31		4.28		–			(2.01	)		(2.01	)		30.96		15.91			110,364		0.86			0.86			(0.11	)
Y		28.77		(0.01	)		4.35		4.34		–			(2.01	)		(2.01	)		31.10		16.08			1,078,695		0.76			0.76			(0.02	)
For the Year Ended October 31, 2013
A	$	20.44	$	(0.03	)	$	6.56	$	6.53	$	–		$	(1.30	)	$	(1.30	)	$	25.67		34.17	%	$	1,847,041		1.20	%		1.20	%		(0.14	)%
B		17.00		(0.18	)		5.36		5.18		–			(1.30	)		(1.30	)		20.88		33.01			33,232		2.11			2.07			(1.00	)
C		17.29		(0.16	)		5.47		5.31		–			(1.30	)		(1.30	)		21.30		33.21			474,663		1.91			1.91			(0.85	)
I		20.65		0.02			6.63		6.65		(0.05	)		(1.30	)		(1.35	)		25.95		34.48			277,953		0.96			0.96			0.09
R3		22.25		(0.10	)		7.18		7.08		–			(1.30	)		(1.30	)		28.03		33.80			47,837		1.48			1.48			(0.43	)
R4		22.51		(0.03	)		7.29		7.26		–			(1.30	)		(1.30	)		28.47		34.24			77,603		1.17			1.17			(0.13	)
R5		22.69		0.04			7.33		7.37		(0.07	)		(1.30	)		(1.37	)		28.69		34.60			91,163		0.87			0.87			0.17
Y		22.75		0.07			7.34		7.41		(0.09	)		(1.30	)		(1.39	)		28.77		34.73			872,297		0.77			0.77			0.28
For the Year Ended October 31, 2012
A	$	20.67	$	0.05		$	2.22	$	2.27	$	–		$	(2.50	)	$	(2.50	)	$	20.44		13.47	%	$	1,536,203		1.23	%		1.23	%		0.25	%
B		17.77		(0.10	)		1.83		1.73		–			(2.50	)		(2.50	)		17.00		12.50			30,803		2.16			2.08			(0.62	)
C		18.01		(0.08	)		1.86		1.78		–			(2.50	)		(2.50	)		17.29		12.63			380,413		1.93			1.93			(0.45	)
I		20.85		0.09			2.25		2.34		(0.04	)		(2.50	)		(2.54	)		20.65		13.78			213,875		0.99			0.99			0.48
R3		22.32		–			2.43		2.43		–			(2.50	)		(2.50	)		22.25		13.16			37,776		1.49			1.49			(0.01	)
R4		22.49		0.06			2.46		2.52		–			(2.50	)		(2.50	)		22.51		13.50			57,799		1.18			1.18			0.29
R5		22.66		0.13			2.47		2.60		(0.07	)		(2.50	)		(2.57	)		22.69		13.85			66,039		0.88			0.88			0.59
Y		22.71		0.15			2.48		2.63		(0.09	)		(2.50	)		(2.59	)		22.75		13.98			642,084		0.78			0.78			0.70
For the Year Ended October 31, 2011
A	$	20.16	$	0.02		$	0.49	$	0.51	$	–		$	–		$	–		$	20.67		2.53	%	$	1,754,028		1.21	%		1.21	%		0.09	%
B		17.48		(0.14	)		0.43		0.29		–			–			–			17.77		1.66			44,266		2.06			2.06			(0.72	)
C		17.68		(0.12	)		0.45		0.33		–			–			–			18.01		1.87			422,515		1.91			1.91			(0.63	)
I		20.28		0.09			0.48		0.57		–			–			–			20.85		2.81			324,002		0.92			0.92			0.40
R3		21.82		(0.05	)		0.55		0.50		–			–			–			22.32		2.29			40,311		1.48			1.48			(0.23	)
R4		21.92		0.02			0.55		0.57		–			–			–			22.49		2.60			65,550		1.18			1.18			0.07
R5		22.02		0.09			0.55		0.64		–			–			–			22.66		2.91			73,192		0.87			0.87			0.38
Y		22.05		0.12			0.54		0.66		–			–			–			22.71		2.99			678,566		0.77			0.77			0.50

See Portfolio Turnover information on the next page.

22

The Hartford MidCap Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000’s)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	16.20	$	(0.04	)	$	4.00	$	3.96	$	–	$	–	$	–	$	20.16		24.44	%	$	2,275,785		1.25	%		1.25	%		(0.24	)%
B		14.16		(0.17	)		3.49		3.32		–		–		–		17.48		23.45			108,330		2.05			2.05			(1.03	)
C		14.30		(0.15	)		3.53		3.38		–		–		–		17.68		23.64			448,592		1.93			1.93			(0.92	)
I		16.25		–			4.03		4.03		–		–		–		20.28		24.80			541,255		0.96			0.96			0.01
R3		17.58		(0.11	)		4.35		4.24		–		–		–		21.82		24.12			22,038		1.49			1.49			(0.57	)
R4		17.60		(0.04	)		4.36		4.32		–		–		–		21.92		24.55			41,422		1.18			1.18			(0.23	)
R5		17.62		0.01			4.39		4.40		–		–		–		22.02		24.97			47,915		0.88			0.88			0.05
Y		17.63		0.05			4.37		4.42		–		–		–		22.05		25.07			556,046		0.78			0.78			0.23

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		34	%
For the Year Ended October 31, 2013		38
For the Year Ended October 31, 2012		45
For the Year Ended October 31, 2011		70
For the Year Ended October 31, 2010		56

23

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford MidCap Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford MidCap Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

24

The Hartford MidCap Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the “Directors”) appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. (“The Hartford”) are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company’s Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. (“MF”) and The Hartford Mutual Funds II, Inc. (“MF2”), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

25

The Hartford MidCap Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

26

The Hartford MidCap Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

27

The Hartford MidCap Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

28

The Hartford MidCap Fund

Expense Example (Unaudited)

Your Fund’s Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund’s annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,059.20	$	5.99	$	1,000.00	$	1,019.39	$	5.87		1.15	%		184		365
Class B	$	1,000.00	$	1,055.10	$	10.59	$	1,000.00	$	1,014.90	$	10.38		2.04			184		365
Class C	$	1,000.00	$	1,055.70	$	9.72	$	1,000.00	$	1,015.75	$	9.53		1.88			184		365
Class I	$	1,000.00	$	1,061.10	$	4.63	$	1,000.00	$	1,020.71	$	4.54		0.89			184		365
Class R3	$	1,000.00	$	1,057.80	$	7.63	$	1,000.00	$	1,017.79	$	7.48		1.47			184		365
Class R4	$	1,000.00	$	1,059.20	$	6.04	$	1,000.00	$	1,019.33	$	5.93		1.16			184		365
Class R5	$	1,000.00	$	1,061.00	$	4.48	$	1,000.00	$	1,020.86	$	4.39		0.86			184		365
Class Y	$	1,000.00	$	1,061.80	$	3.96	$	1,000.00	$	1,021.36	$	3.89		0.76			184		365

29

The Hartford MidCap Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement forThe Hartford MidCap Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

30

The Hartford MidCap Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds.The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period, the 2^nd quintile for the 3-year period and the 4^th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and below its benchmark for the 5-year period.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

31

The Hartford MidCap Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 3^rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on certain share classes.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

32

The Hartford MidCap Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

33

The Hartford MidCap Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser’s investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Mid-Cap Stock Risk: Mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets. 

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

34

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us. As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-MC14 12/14 113991-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD  
MIDCAP VALUE FUND  2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford MidCap Value Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	9
Statement of Operations for the Year Ended October 31, 2014	10
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	11
Notes to Financial Statements	12
Financial Highlights	23
Report of Independent Registered Public Accounting Firm	25
Directors and Officers (Unaudited)	26
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	28
Quarterly Portfolio Holdings Information (Unaudited)	28
Federal Tax Information (Unaudited)	29
Expense Example (Unaudited)	30
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	31
Main Risks (Unaudited)	35

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford MidCap Value Fund inception 04/30/2001

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term capital appreciation.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
MidCap Value A#		12.32	%		17.51	%		9.34	%
MidCap Value A##		6.15	%		16.19	%		8.72	%
MidCap Value B#		11.41	%		16.59	%		8.71	%*
MidCap Value B##		6.42	%		16.38	%		8.71	%*
MidCap Value C#		11.56	%		16.66	%		8.53	%
MidCap Value C##		10.56	%		16.66	%		8.53	%
MidCap Value I#		12.75	%		17.90	%		9.52	%
MidCap Value R3#		12.05	%		17.36	%		9.50	%
MidCap Value R4#		12.42	%		17.68	%		9.65	%
MidCap Value R5#		12.73	%		17.97	%		9.79	%
MidCap Value Y#		12.79	%		18.06	%		9.83	%
Russell 2500 Value Index		10.23	%		17.63	%		8.93	%
Russell MidCap Value Index		16.18	%		19.19	%		10.29	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 5/28/10. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 5/28/10. Performance prior to that date is that of the Fund’s Class Y shares which had different operating expenses.

Russell 2500 Value Index is an unmanaged index that measures the performance of those Russell 2500 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2500 Index is an unmanaged index that measures the performance of the 2,500 smallest U.S. companies based on total market capitalization.

Russell MidCap Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell MidCap Index companies with lower price-to-book ratios and lower forecasted growth values.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford MidCap Value Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
MidCap Value Class A		1.31	%		1.31	%
MidCap Value Class B		2.10	%		2.33	%
MidCap Value Class C		2.01	%		2.01	%
MidCap Value Class I		0.96	%		0.96	%
MidCap Value Class R3		1.53	%		1.53	%
MidCap Value Class R4		1.22	%		1.22	%
MidCap Value Class R5		0.93	%		0.93	%
MidCap Value Class Y		0.82	%		0.82	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Manager

James N. Mordy

Senior Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford MidCap Value Fund returned 12.32%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the Russell 2500 Value Index, which returned 10.23% for the same period, but underperforming the Fund’s other benchmark, the Russell MidCap Value Index, which returned 16.18% for the same period. The Fund also outperformed the 11.40% average return of the Lipper Mid-Cap Value Fund peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

The S&P 500 Index surged during the period, despite bouts of significant volatility. After finishing its best year since 1997, the S&P 500 Index began 2014 with its worst month in nearly two years. Worries about an economic slowdown in China and general angst surrounding emerging markets overshadowed a fairly benign domestic environment. However, robust merger and acquisition activity and an uncontested increase in the debt ceiling from Congress helped stoke investors' risk appetites in February. The rally continued in May amid renewed signs of life in the housing market and the best payroll gain in more than two years. However, a pullback in July ended a streak of five consecutive monthly gains. Fear gripped the market as heightened geopolitical risks, a potential Portuguese banking crisis, and worries of U.S. Federal Reserve (Fed) tightening took center stage. Stocks rebounded in August as investors were emboldened by encouraging economic data, headlined by better-than-expected gross domestic product (GDP) growth and signs that the housing recovery still had legs. In September, U.S. equities retreated for just the third month this year. Despite solid manufacturing and consumer confidence readings, the reality of quantitative easing ending and the prospect of higher federal funds rates in mid-2015 contributed to increased risk aversion levels. Stocks finished a volatile October at an all-time high on the heels of a positive earnings season and generally solid economic data.

During the period, small-cap equities (+8%) underperformed mid-caps (+12%) and large-caps (+17%) as represented by the Russell 2000, S&P 400 MidCap, and S&P 500 Indices respectively. Returns also varied by style, with the Russell 2500 Value Index outperforming both the Russell 2500 Growth Index and the broader Russell 2500 Index. Eight of the ten sectors in the Russell 2500 Value Index gained during the period, with Healthcare (+21%), Utilities (+20%), and Telecommunication Services and Media (+14%) performing the best.Energy (-16%), Materials (-1%), and Industrials (+6%) lagged during the period.

The Fund’s relative outperformance versus the Russell 2500 Value Index was driven by strong security selection within Information Technology, Industrials, and Financials, which more than offset weak stock selection within Consumer Discretionary, Energy, and Healthcare.Overall sector allocation, primarily a result of the stock selection process, detracted from relative returns, in part due to a modest overweight in Energy and an underweight allocation to Financials. A modest cash balance detracted in an upward trending environment.

Top contributors to both absolute and returns relative to the Russell 2500 Value Index included Skyworks Solutions (Information Technology), Avago Technologies (Information Technology), and NXP Semiconductors (Information Technology). Shares of Skyworks Solutions, a U.S.-based designer and manufacturer of radio and semiconductor system solutions for mobile communications applications, rose during the period as the firm continued to see market share and content gains across multiple handset platforms as well as better-than-forecasted growth from Skyworks' increasingly important integrated analog solution segment. Shares of Avago Technologies, a U.S.-based supplier of analog semiconductor

3

The Hartford MidCap Value Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

devices, rose early in the period due to continued solid operating results from their core businesses, as well as the December 2013 announcement of the $6.6 billion acquisition of LSI. The share price of Netherlands-based semiconductor company NXP Semiconductors moved higher as it continued to maintain its status as a well-positioned semiconductor manufacturer. Overall, NXP Semiconductors continued to benefit from a powerful combination of product cycles, structural cost savings, margin expansion, and a competitive advantage in sizable markets such as identification and smart mobile businesses.

Top detractors from returns relative to the Russell 2500 Value Index included Cobalt International Energy (Energy), GNC Holdings (Consumer Discretionary), and Trican Well Services (Energy). Shares of Cobalt International Energy, a U.S.-based oil-focused exploration and production company, declined due to disappointing well test results at multiple wells, uncertainty surrounding the impact of the SEC’s investigation into its Angola operations, and negative investor sentiment for the subsector. Shares of GNC Holdings, a U.S.-based vitamin and health supplements retailer, fell after the company reported, for the first time since 2005, negative same store sales in January 2014. A combination of weaker industry trends and GNC-specific issues has led to the deceleration in same-store-sales trend. Shares of Trican Well Services, a North American supplier of pressure pumping services to the oil and gas industry, fell during the period despite beating consensus earnings and revenue estimates; the stock price fell along with the broader sector as energy was the worst performing sector in the benchmark.

Derivatives are not used in a significant manner in the Fund and did not have a material impact on performance during the period.

What is the outlook?

We remain generally constructive on the outlook for U.S. economic growth. Job gains have averaged a healthy 245,000 per month for the last 6 months, with the unemployment rate now dropping below 6%. We believe the outlook for capital spending appears healthy, while we expect consumer spending should at least track income growth. The pace of housing recovery has disappointed but may continue to slowly improve. China’s economy seems to have stabilized, but huge transformational challenges and declining property prices would seem to prevent any meaningful acceleration. In our view the biggest risks to the global outlook are probably now in Europe (given the Russia-Ukraine conflict), Japan and emerging markets. The European recovery has disappointed versus our expectations one year ago.

Given this outlook, and recent underperformance of some cyclical stocks, we continue to express a slight preference for the more economically sensitive sectors. At the end of the period, our overweight allocations, relative to the Russell 2500 Index, were in Information Technology, Consumer Discretionary, and Materials, while our greatest underweights continued to be in Financials and Utilities.

Diversification by Sector
as of October 31, 2014
Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		13.9	%
Consumer Staples		3.2
Energy		5.4
Financials		26.0
Health Care		7.5
Industrials		14.7
Information Technology		13.5
Materials		8.3
Utilities		5.9
Total		98.4	%
Short-Term Investments		1.3
Other Assets and Liabilities		0.3
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford MidCap Value Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 98.4%
		Automobiles and Components - 0.9%
	179	Goodyear (The) Tire & Rubber Co.	$	4,335
		Banks - 6.9%
	201	BankUnited, Inc.		6,023
	181	Comerica, Inc.		8,641
	167	EverBank Financial Corp.		3,192
	97	Iberiabank Corp.		6,693
	329	Zions Bancorporation		9,537
				34,086
		Capital Goods - 14.7%
	252	Barnes Group, Inc.		9,224
	73	Curtis-Wright Corp.		5,018
	68	Esterline Technologies Corp. ●		7,920
	117	Generac Holdings, Inc. ●		5,309
	79	Hubbell, Inc. Class B		8,948
	124	Moog, Inc. Class A ●		9,514
	235	Orbital Sciences Corp. ●		6,180
	101	Rexel S.A.		1,692
	131	Sensata Technologies Holding N.V. ●		6,414
	24	Teledyne Technologies, Inc. ●		2,435
	121	WESCO International, Inc. ●		10,005
				72,659
		Consumer Durables and Apparel - 8.0%
	149	D.R. Horton, Inc.		3,395
	187	Lennar Corp.		8,069
	300	Newell Rubbermaid, Inc.		9,989
	373	Performance Sports Group Ltd. ●		6,427
	1,721	Samsonite International S.A.		5,718
	179	Toll Brothers, Inc. ●		5,706
				39,304
		Consumer Services - 1.4%
	172	Norwegian Cruise Line Holdings Ltd. ●		6,716
		Diversified Financials - 1.7%
	115	LPL Financial Holdings, Inc.		4,739
	73	MSCI, Inc.		3,401
	182	Solar Cayman Ltd. ⌂■●†		13
				8,153
		Energy - 5.4%
	417	Cobalt International Energy, Inc. ●		4,888
	90	Diamondback Energy, Inc. ●		6,146
	85	HollyFrontier Corp.		3,835
	80	Newfield Exploration Co. ●		2,596
	193	QEP Resources, Inc.		4,833
	462	Trican Well Service Ltd.		4,136
				26,434
		Food, Beverage and Tobacco - 3.2%
	137	Ebro Foods S.A.		2,458
	94	Ingredion, Inc.		7,277
	1,427	Treasury Wine Estates Ltd.		5,826
				15,561
		Health Care Equipment and Services - 3.1%
	260	Brookdale Senior Living, Inc. ●		8,751
	94	Wellcare Health Plans, Inc. ●		6,400
				15,151
		Insurance - 8.4%
	102	Argo Group International Holdings Ltd.		5,708
	122	Hanover Insurance Group, Inc.		8,167
	58	NN Group N.V. ●		1,667
	73	Reinsurance Group of America, Inc.		6,171
	82	StanCorp Financial Group, Inc.		5,704
	188	Unum Group		6,294
	223	XL Group plc		7,548
				41,259
		Materials - 8.3%
	145	Cabot Corp.		6,746
	113	Celanese Corp.		6,636
	309	Louisiana-Pacific Corp. ●		4,514
	228	Methanex Corp. ADR		13,518
	119	Owens-Illinois, Inc. ●		3,072
	34	Packaging Corp. of America		2,443
	59	Reliance Steel & Aluminum		3,975
				40,904
		Media - 2.5%
	77	AMC Entertainment Holdings		1,951
	264	Interpublic Group of Cos., Inc.		5,115
	212	Quebecor, Inc.		5,436
				12,502
		Pharmaceuticals, Biotechnology and Life Sciences - 4.4%
	621	Almirall S.A. ●		10,192
	85	Ono Pharmaceutical Co., Ltd.		8,560
	39	UCB S.A.		3,150
				21,902
		Real Estate - 9.0%
	161	American Assets Trust, Inc. REIT		6,180
	240	Blackstone Mortgage Trust, Inc. REIT		6,692
	174	Equity Lifestyle Properties, Inc. REIT		8,519
	136	Extra Space Storage, Inc. REIT		7,916
	259	Forest City Enterprises, Inc. REIT ●		5,402
	77	Plum Creek Timber Co., Inc. REIT		3,146
	57	SL Green Realty Corp. REIT		6,641
				44,496
		Retailing - 1.1%
	190	DSW, Inc.		5,622
		Semiconductors and Semiconductor Equipment - 4.7%
	54	Maxim Integrated Products, Inc.		1,570
	298	Microsemi Corp. ●		7,764
	126	NXP Semiconductors N.V. ●		8,658
	314	RF Micro Devices, Inc. ●		4,090
	23	Skyworks Solutions, Inc.		1,322
				23,404
		Software and Services - 5.3%
	154	Booz Allen Hamilton Holding Corp.		4,063
	80	Check Point Software Technologies Ltd. ADR ●		5,933
	156	Teradata Corp. ●		6,581
	169	Verint Systems, Inc. ●		9,704
				26,281
		Technology Hardware and Equipment - 3.5%
	239	Arris Group, Inc. ●		7,181
	175	Arrow Electronics, Inc. ●		9,933
				17,114
		Utilities - 5.9%
	49	Alliant Energy Corp.		3,009
	170	Great Plains Energy, Inc.		4,578
	195	Portland General Electric Co.		7,093
	253	UGI Corp.		9,552

The accompanying notes are an integral part of these financial statements.

5

The Hartford MidCap Value Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 98.4% - (continued)
		Utilities - 5.9% - (continued)
	132	Westar Energy, Inc.	$	5,006
				29,238
		Total Common Stocks
		(Cost $397,839)	$	485,121
		Total Long-Term Investments
		(Cost $397,839)	$	485,121

Short-Term Investments - 1.3%
Repurchase Agreements - 1.3%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $19, collateralized by U.S. Treasury Note 1.50%, 2019, value of $19)
$	19	0.08%, 10/31/2014			$	19
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $321, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $328)
	321	0.09%, 10/31/2014				321
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $86, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $88)
	86	0.08%, 10/31/2014				86
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $293, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $298)
	293	0.10%, 10/31/2014				293
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,103, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $1,125)
	1,103	0.08%, 10/31/2014				1,103
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,267, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $1,293)
	1,267	0.09%, 10/31/2014				1,267
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $73, collateralized by U.S. Treasury Note 0.88%, 2017, value of $75)
	73	0.13%, 10/31/2014				73
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $108, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $110)
	108	0.07%, 10/31/2014				108
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,134, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $1,157)
	1,134	0.08%, 10/31/2014				1,134
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,198, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $2,242)
	2,198	0.10%, 10/31/2014				2,198
						6,602
		Total Short-Term Investments
		(Cost $6,602)			$	6,602
		Total Investments
		(Cost $404,441) ▲	99.7	%	$	491,723
		Other Assets and Liabilities	0.3	%		1,348
		Total Net Assets	100.0	%	$	493,071

The accompanying notes are an integral part of these financial statements.

6

The Hartford MidCap Value Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:  Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $406,259 and the aggregate gross unrealized appreciation and depreciation based on that cost were:    

Unrealized Appreciation	$	95,937
Unrealized Depreciation		(10,473	)
Net Unrealized Appreciation	$	85,464

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $13, which rounds to zero percent of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

● Non-income producing.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $13, which rounds to zero percent of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale.  A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par	Security	Cost Basis
03/2007	182	Solar Cayman Ltd.  - 144A	$	53

At October 31, 2014, the aggregate value of these securities was $13, which rounds to zero percent of total net assets.

Foreign Currency Contracts Outstanding at October 31, 2014
								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
AUD	Sell	11/06/2014	DEUT	$	8	$	8	$	–	$	–
CAD	Sell	11/04/2014	BCLY		13		13		–		–
EUR	Sell	11/03/2014	RBC		486		483		3		–
EUR	Sell	11/04/2014	RBC		16		16		–		–
Total								$	3	$	–

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
DEUT	Deutsche Bank Securities, Inc.
RBC	RBC Dominion Securities, Inc.
Currency Abbreviations:
AUD	Australian Dollar
CAD	Canadian Dollar
EUR	EURO
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

7

The Hartford MidCap Value Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	485,121	$	445,845	$	39,263	$	13
Short-Term Investments		6,602		–		6,602		–
Total	$	491,723	$	445,845	$	45,865	$	13
Foreign Currency Contracts *	$	3	$	–	$	3	$	–
Total	$	3	$	–	$	3	$	–

♦ For the year ended October 31, 2014, investments valued at $5,381 were transferred from Level 1 to Level 2, and there were no transfers from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:  

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

‡ The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3		Transfers Out of Level 3		Balance as of October 31, 2014
Assets:
Common Stocks	$	280	$	245	$	(203	)*	$	—	$	—	$	(309	)	$	—	$	—	$	13
Total	$	280	$	245	$	(203	)	$	—	$	—	$	(309	)	$	—	$	—	$	13

* Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was zero.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

8

The Hartford MidCap Value Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $404,441)	$	491,723
Cash		236
Unrealized appreciation on foreign currency contracts		3
Receivables:
Investment securities sold		3,617
Fund shares sold		838
Dividends and interest		182
Other assets		39
Total assets		496,638
Liabilities:
Payables:
Investment securities purchased		3,142
Fund shares redeemed		255
Investment management fees		69
Administrative fees		1
Distribution fees		20
Accrued expenses		80
Total liabilities		3,567
Net assets	$	493,071
Summary of Net Assets:
Capital stock and paid-in-capital	$	353,954
Undistributed net investment income		446
Accumulated net realized gain		51,391
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		87,280
Net assets	$	493,071
Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$16.73/$17.70
Shares outstanding		13,320
Net assets	$	222,876
Class B: Net asset value per share	$	14.91
Shares outstanding		145
Net assets	$	2,156
Class C: Net asset value per share	$	14.84
Shares outstanding		2,789
Net assets	$	41,382
Class I: Net asset value per share	$	16.85
Shares outstanding		2,221
Net assets	$	37,414
Class R3: Net asset value per share	$	17.45
Shares outstanding		584
Net assets	$	10,187
Class R4: Net asset value per share	$	17.61
Shares outstanding		538
Net assets	$	9,476
Class R5: Net asset value per share	$	17.75
Shares outstanding		161
Net assets	$	2,851
Class Y: Net asset value per share	$	17.78
Shares outstanding		9,376
Net assets	$	166,729

The accompanying notes are an integral part of these financial statements.

9

The Hartford MidCap Value Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	6,912
Interest		3
Less: Foreign tax withheld		(145	)
Total investment income		6,770
Expenses:
Investment management fees		3,500
Administrative services fees
Class R3		15
Class R4		10
Class R5		2
Transfer agent fees
Class A		440
Class B		12
Class C		68
Class I		25
Class R3		1
Class R4		—
Class R5		—
Class Y		3
Distribution fees
Class A		556
Class B		25
Class C		406
Class R3		37
Class R4		17
Custodian fees		7
Accounting services fees		65
Registration and filing fees		140
Board of Directors' fees		13
Audit fees		23
Other expenses		74
Total expenses (before waivers and fees paid indirectly)		5,439
Expense waivers		(1	)
Transfer agent fee waivers		(4	)
Commission recapture		(10	)
Total waivers and fees paid indirectly		(15	)
Total expenses, net		5,424
Net Investment Income		1,346
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		52,776
Net realized loss on foreign currency contracts		(16	)
Net realized gain on other foreign currency transactions		1
Net Realized Gain on Investments and Foreign Currency Transactions		52,761
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(1,008	)
Net unrealized appreciation of foreign currency contracts		3
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(6	)
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(1,011	)
Net Gain on Investments and Foreign Currency Transactions		51,750
Net Increase in Net Assets Resulting from Operations	$	53,096

The accompanying notes are an integral part of these financial statements.

10

The Hartford MidCap Value Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	1,346		$	860
Net realized gain on investments and foreign currency transactions		52,761			52,046
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(1,011	)		51,965
Net Increase in Net Assets Resulting from Operations		53,096			104,871
Distributions to Shareholders:
From net investment income
Class A		—			(1,652	)
Class C		—			(126	)
Class I		—			(84	)
Class R3		—			(32	)
Class R4		—			(30	)
Class R5		—			(5	)
Class Y		—			(2,004	)
Total from net investment income		—			(3,933	)
From net realized gain on investments
Class A		(19,548	)		—
Class B		(287	)		—
Class C		(3,955	)		—
Class I		(1,836	)		—
Class R3		(483	)		—
Class R4		(471	)		—
Class R5		(124	)		—
Class Y		(13,321	)		—
Total from net realized gain on investments		(40,025	)		—
Total distributions		(40,025	)		(3,933	)
Capital Share Transactions:
Class A		9,384			(214	)
Class B		(663	)		(752	)
Class C		2,899			957
Class I		17,868			10,395
Class R3		4,839			456
Class R4		4,347			1,263
Class R5		1,456			820
Class Y		11,005			(23,681	)
Net increase (decrease) from capital share transactions		51,135			(10,756	)
Net Increase in Net Assets		64,206			90,182
Net Assets:
Beginning of period		428,865			338,683
End of period	$	493,071		$	428,865
Undistributed (distributions in excess of) net investment income	$	446		$	(698	)

The accompanying notes are an integral part of these financial statements.

11

The Hartford MidCap Value Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford MidCap Value Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

12

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when 

13

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net

14

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund had no when-issued or delayed-delivery investments as of October 31, 2014.

15

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	3	$	—	$	—	$	—	$	—	$	3
Total	$	—	$	3	$	—	$	—	$	—	$	—	$	3

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Loss on Derivatives Recognized as a Result of Operations:
Net realized loss on foreign currency contracts	$	—	$	(16	)	$	—	$	—	$	—	$	—	$	(16	)
Total	$	—	$	(16	)	$	—	$	—	$	—	$	—	$	(16	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of foreign currency contracts	$	—	$	3		$	—	$	—	$	—	$	—	$	3
Total	$	—	$	3		$	—	$	—	$	—	$	—	$	3

The derivatives held by the Fund as of October 31, 2014 are not subject to a master netting arrangement; therefore, no balance sheet offsetting disclosure is presented.

16

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	—	$	3,468
Long-Term Capital Gains ‡		40,025		465

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

17

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:

	Amount
Undistributed Ordinary Income	$	5,050
Undistributed Long-Term Capital Gain		50,444
Accumulated Capital and Other Losses*		(1,838	)
Unrealized Appreciation†		85,461
Total Accumulated Earnings	$	139,117

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.  

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(202	)
Accumulated Net Realized Gain (Loss)		202

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

Year of Expiration	Amount
2015	$	919
2016		919
Total	$	1,838

As a result of mergers in the Fund, certain provisions in the IRC may limit the future utilization of capital losses.  During the year ended October 31, 2014, the Fund utilized $919 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund

18

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.7500%
On next $500 million	0.6500%
On next $1.5 billion	0.6000%
On next $2.5 billion	0.5950%
On next $5 billion	0.5900%
Over $10 billion	0.5850%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.014%
On next $5 billion	0.012%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.35%	2.10%	2.10%	1.10%	1.55%	1.25%	0.95%	0.90%

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

19

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.26	%
Class B		2.10
Class C		1.98
Class I		0.91
Class R3		1.53
Class R4		1.22
Class R5		0.93
Class Y		0.82

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $599 and contingent deferred sales charges of $5 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

20

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		16	%

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	207,402	$	—	$	207,402
Sales Proceeds		197,204		—		197,204

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		2,226		1,281		(2,810	)		697			2,155		124		(2,299	)		(20	)
Amount	$	36,329	$	19,132	$	(46,077	)	$	9,384		$	31,262	$	1,616	$	(33,092	)	$	(214	)
Class B
Shares		6		21		(71	)		(44	)		19		—		(77	)		(58	)
Amount	$	81	$	281	$	(1,025	)	$	(663	)	$	260	$	—	$	(1,012	)	$	(752	)
Class C
Shares		420		258		(452	)		226			496		9		(448	)		57
Amount	$	6,066	$	3,437	$	(6,604	)	$	2,899		$	6,668	$	105	$	(5,816	)	$	957
Class I
Shares		1,557		81		(556	)		1,082			1,345		4		(630	)		719
Amount	$	25,797	$	1,218	$	(9,147	)	$	17,868		$	19,339	$	55	$	(8,999	)	$	10,395
Class R3
Shares		354		28		(95	)		287			117		2		(90	)		29
Amount	$	5,997	$	435	$	(1,593	)	$	4,839		$	1,761	$	31	$	(1,336	)	$	456
Class R4
Shares		302		28		(77	)		253			139		2		(64	)		77
Amount	$	5,225	$	448	$	(1,326	)	$	4,347		$	2,193	$	28	$	(958	)	$	1,263
Class R5
Shares		117		8		(40	)		85			60		—		(8	)		52
Amount	$	2,005	$	124	$	(673	)	$	1,456		$	945	$	5	$	(130	)	$	820
Class Y
Shares		3,018		843		(3,171	)		690			1,802		147		(3,567	)		(1,618	)
Amount	$	53,096	$	13,321	$	(55,412	)	$	11,005		$	27,806	$	2,004	$	(53,491	)	$	(23,681	)
Total
Shares		8,000		2,548		(7,272	)		3,276			6,133		288		(7,183	)		(762	)
Amount	$	134,596	$	38,396	$	(121,857	)	$	51,135		$	90,234	$	3,844	$	(104,834	)	$	(10,756	)

21

The Hartford MidCap Value Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		26	$	422
For the Year Ended October 31, 2013		29	$	410

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

22

The Hartford MidCap Value Fund

Financial Highlights

	- Selected Per-Share Data - (A)																								- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	16.44	$	0.03		$	1.81	$	1.84		$	–		$	(1.55	)	$	(1.55	)	$	16.73		12.32	%	$	222,876		1.27	%		1.27	%		0.19	%
B		14.93		(0.09	)		1.62		1.53			–			(1.55	)		(1.55	)		14.91		11.41			2,156		2.28			2.10			(0.63	)
C		14.85		(0.08	)		1.62		1.54			–			(1.55	)		(1.55	)		14.84		11.56			41,382		1.99			1.99			(0.53	)
I		16.49		0.09			1.82		1.91			–			(1.55	)		(1.55	)		16.85		12.75			37,414		0.92			0.92			0.53
R3		17.12		(0.01	)		1.89		1.88			–			(1.55	)		(1.55	)		17.45		12.05			10,187		1.53			1.53			(0.08	)
R4		17.21		0.04			1.91		1.95			–			(1.55	)		(1.55	)		17.61		12.42			9,476		1.22			1.22			0.22
R5		17.29		0.09			1.92		2.01			–			(1.55	)		(1.55	)		17.75		12.73			2,851		0.93			0.93			0.52
Y		17.31		0.11			1.91		2.02			–			(1.55	)		(1.55	)		17.78		12.79			166,729		0.82			0.82			0.63
For the Year Ended October 31, 2013
A	$	12.58	$	0.02		$	3.97	$	3.99		$	(0.13	)	$	–		$	(0.13	)	$	16.44		32.01	%	$	207,552		1.31	%		1.31	%		0.11	%
B		11.40		(0.09	)		3.62		3.53			–			–			–			14.93		30.96			2,819		2.33			2.10			(0.68	)
C		11.38		(0.08	)		3.60		3.52			(0.05	)		–			(0.05	)		14.85		31.07			38,067		2.01			2.01			(0.60	)
I		12.62		0.06			3.99		4.05			(0.18	)		–			(0.18	)		16.49		32.49			18,791		0.96			0.96			0.43
R3		13.12		(0.02	)		4.15		4.13			(0.13	)		–			(0.13	)		17.12		31.68			5,089		1.53			1.53			(0.12	)
R4		13.17		0.03			4.16		4.19			(0.15	)		–			(0.15	)		17.21		32.11			4,903		1.22			1.22			0.18
R5		13.23		0.06			4.19		4.25			(0.19	)		–			(0.19	)		17.29		32.46			1,309		0.93			0.93			0.38
Y		13.24		0.09			4.18		4.27			(0.20	)		–			(0.20	)		17.31		32.64			150,335		0.82			0.82			0.60
For the Year Ended October 31, 2012
A	$	10.75	$	0.08		$	1.80	$	1.88		$	(0.05	)	$	–		$	(0.05	)	$	12.58		17.55	%	$	159,104		1.38	%		1.35	%		0.67	%
B		9.77		(0.02	)		1.65		1.63			–			–			–			11.40		16.68			2,813		2.38			2.10			(0.21	)
C		9.74		–			1.64		1.64			–			–			–			11.38		16.84			28,522		2.06			2.06			(0.05	)
I		10.79		0.12			1.81		1.93			(0.10	)		–			(0.10	)		12.62		18.02			5,296		1.00			1.00			1.06
R3		11.23		0.06			1.88		1.94			(0.05	)		–			(0.05	)		13.12		17.41			3,514		1.55			1.55			0.50
R4		11.28		0.10			1.88		1.98			(0.09	)		–			(0.09	)		13.17		17.70			2,735		1.25			1.25			0.79
R5		11.31		0.14			1.88		2.02			(0.10	)		–			(0.10	)		13.23		18.07			311		0.96			0.95			1.14
Y		11.31		0.15			1.89		2.04			(0.11	)		–			(0.11	)		13.24		18.22			136,388		0.84			0.84			1.24
For the Year Ended October 31, 2011
A	$	10.69	$	0.01		$	0.05	$	0.06		$	–		$	–		$	–		$	10.75		0.56	%	$	147,222		1.38	%		1.35	%		0.05	%
B		9.79		(0.07	)		0.05		(0.02	)		–			–			–			9.77		(0.20	)		8,100		2.32			2.10			(0.69	)
C		9.77		(0.07	)		0.04		(0.03	)		–			–			–			9.74		(0.31	)		28,939		2.09			2.09			(0.70	)
I		10.72		0.04			0.05		0.09			(0.02	)		–			(0.02	)		10.79		0.81			3,459		1.04			1.04			0.34
R3		11.20		(0.03	)		0.06		0.03			–			–			–			11.23		0.27			1,584		1.60			1.55			(0.23	)
R4		11.21		(0.01	)		0.08		0.07			–			–			–			11.28		0.62			1,523		1.29			1.25			(0.05	)
R5		11.22		0.05			0.06		0.11			(0.02	)		–			(0.02	)		11.31		0.96			136		0.99			0.95			0.43
Y		11.22		0.06			0.06		0.12			(0.03	)		–			(0.03	)		11.31		1.01			109,944		0.88			0.88			0.51

See Portfolio Turnover information on the next page.

23

The Hartford MidCap Value Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	8.37	$	–		$	2.33	$	2.33	$	(0.01	)(D)	$	–	$	(0.01	)	$	10.69		27.83	%	$	176,359		1.44	%		1.35	%		0.01	%
B		7.72		(0.06	)		2.13		2.07		–			–		–			9.79		26.81			14,305		2.32			2.10			(0.70	)
C		7.70		(0.07	)		2.14		2.07		–			–		–			9.77		26.88			30,467		2.13			2.10			(0.74	)
I(E)		9.71		–			1.01		1.01		–			–		–			10.72		10.40	(F)		254		0.95	(G)		0.95	(G)		0.06	(G)
R3(E)		10.17		(0.02	)		1.05		1.03		–			–		–			11.20		10.13	(F)		110		1.60	(G)		1.55	(G)		(0.40	) (G)
R4(E)		10.17		–			1.04		1.04		–			–		–			11.21		10.23	(F)		110		1.30	(G)		1.25	(G)		(0.10	) (G)
R5(E)		10.17		0.01			1.04		1.05		–			–		–			11.22		10.32	(F)		111		1.00	(G)		0.96	(G)		0.20	(G)
Y		8.77		0.04			2.44		2.48		(0.03	)(D)		–		(0.03	)		11.22		28.39			96,621		0.90			0.90			0.39

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D)	Included in this amount are tax distributions from capital of less than ($0.01).
(E)	Commenced operations on May 28, 2010.
(F)	Not annualized.
(G)	Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		43	%
For the Year Ended October 31, 2013		59
For the Year Ended October 31, 2012		59
For the Year Ended October 31, 2011		54
For the Year Ended October 31, 2010		48	(A)

(A) During the year ended October 31, 2010, the Fund incurred $22.1 million in sales of securities held associated with the transition of assets from The Hartford Select SmallCap Value Fund, which merged into the Fund on July 31, 2010. These sales are excluded from the portfolio turnover calculation.

24

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford MidCap Value Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford MidCap Value Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

 

Minneapolis, Minnesota
December 18, 2014

25

The Hartford MidCap Value Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

26

The Hartford MidCap Value Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

27

The Hartford MidCap Value Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

28

The Hartford MidCap Value Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

29

The Hartford MidCap Value Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,025.80	$	6.46	$	1,000.00	$	1,018.83	$	6.43		1.26	%	184	365
Class B	$	1,000.00	$	1,021.90	$	10.70	$	1,000.00	$	1,014.62	$	10.66		2.10		184	365
Class C	$	1,000.00	$	1,022.00	$	10.13	$	1,000.00	$	1,015.19	$	10.09		1.99		184	365
Class I	$	1,000.00	$	1,028.10	$	4.71	$	1,000.00	$	1,020.56	$	4.70		0.92		184	365
Class R3	$	1,000.00	$	1,024.70	$	7.82	$	1,000.00	$	1,017.48	$	7.80		1.53		184	365
Class R4	$	1,000.00	$	1,026.20	$	6.27	$	1,000.00	$	1,019.02	$	6.24		1.23		184	365
Class R5	$	1,000.00	$	1,027.80	$	4.77	$	1,000.00	$	1,020.50	$	4.75		0.93		184	365
Class Y	$	1,000.00	$	1,027.70	$	4.21	$	1,000.00	$	1,021.05	$	4.19		0.82		184	365

30

The Hartford MidCap Value Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford MidCap Value Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

31

The Hartford MidCap Value Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 5-year periods and the 3^rd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

32

The Hartford MidCap Value Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis and that certain factors were identified by HFMC as having had a potential impact on the negotiation of the Fund’s sub-advisory fee levels. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 3^rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 5^th quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

33

The Hartford MidCap Value Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

34

The Hartford MidCap Value Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Mid-Cap Stock Risk: Mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets. 

Value Investing Risk: Value investments are considered to be undervalued, but they may never attain their potential value. Value-style investing falls in and out of favor, which may result in periods of underperformance.

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

35

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services. 

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-MCV14 12/14 113992-3 Printed in U.S.A.

HARTFORDFUNDS

HARTFORD  MODERATE ALLOCATION FUND*   2014 Annual Report *   Prior to May 30, 2014, Hartford Moderate Allocation Fund was known as The Hartford Balanced Allocation Fund.

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

Hartford Moderate Allocation Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	8
Statement of Operations for the Year Ended October 31, 2014	9
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	10
Notes to Financial Statements	11
Financial Highlights	19
Report of Independent Registered Public Accounting Firm	21
Directors and Officers (Unaudited)	22
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	24
Quarterly Portfolio Holdings Information (Unaudited)	24
Federal Tax Information (Unaudited)	25
Expense Example (Unaudited)	26
Shareholder Meeting Results (Unaudited)	27
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	28
Main Risks (Unaudited)	32

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

Hartford Moderate Allocation Fund inception 05/28/2004

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term capital appreciation and income.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Moderate Allocation A#		3.54	%		7.88	%		5.36	%
Moderate Allocation A##		-2.16	%		6.67	%		4.76	%
Moderate Allocation B#		2.62	%		7.01	%		4.70	%*
Moderate Allocation B##		-2.38	%		6.70	%		4.70	%*
Moderate Allocation C#		2.79	%		7.11	%		4.59	%
Moderate Allocation C##		1.79	%		7.11	%		4.59	%
Moderate Allocation I#		3.87	%		8.21	%		5.62	%
Moderate Allocation R3#		3.11	%		7.53	%		5.05	%
Moderate Allocation R4#		3.44	%		7.86	%		5.34	%
Moderate Allocation R5#		3.79	%		8.17	%		5.58	%
Barclays U.S. Aggregate Bond Index		4.14	%		4.22	%		4.64	%
Moderate Allocation Fund Blended Index		6.51	%		8.29	%		6.66	%
MSCI All Country World Index		8.32	%		11.15	%		7.65	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. 

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company, using a modified investment strategy. As of June 4, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund. 

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index. 

Moderate Allocation Fund Blended Index is calculated by Hartford Funds Management Company, LLC and represents the weighted return of 45% Barclays U.S. Aggregate Bond Index and 55% MSCI All Country World Index.

MSCI All Country World Index is a free float-adjusted market capitalization index that measures equity market performance in the global developed and emerging markets, consisting of 45 developed and emerging market country indices.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

Hartford Moderate Allocation Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Moderate Allocation Class A		1.26	%		1.26	%
Moderate Allocation Class B		2.08	%		2.08	%
Moderate Allocation Class C		1.99	%		1.99	%
Moderate Allocation Class I		0.95	%		0.95	%
Moderate Allocation Class R3		1.59	%		1.59	%
Moderate Allocation Class R4		1.29	%		1.29	%
Moderate Allocation Class R5		0.99	%		0.99	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Expenses shown include expenses of the Underlying Funds. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Richard P. Meagher, CFA	Wendy M. Cromwell, CFA
Vice President, Asset Allocation Strategist and Portfolio Manager	Senior Vice President, Director of Strategic Asset Allocation, Asset Allocation Strategies Group, and Portfolio Manager

How did the Fund perform?

The Class A shares of the Hartford Moderate Allocation Fund returned 3.54%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s blended benchmark, 45% Barclays U.S. Aggregate Bond Index and 55% MSCI All Country World Index, which returned 6.51% for the same period. In comparison, the Barclays U.S. Aggregate Bond Index and the MSCI All Country World Index returned 4.14% and 8.32%, respectively, for the same period. The Fund also underperformed the 6.93% average return of the Lipper Mixed-Asset Target Moderate Funds category, a group of funds with equity weights of 40%-60%.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. In the U.S., second quarter Gross Domestic Product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market marched on in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated Fed interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor GDP readings in Japan and the Eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the ECB and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. During the period, emerging market equities

3

Hartford Moderate Allocation Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

There are two main drivers of Fund performance: the asset allocation among various asset classes and the performance of the underlying funds. Value added from Asset Allocation includes the value added by both the Fund’s strategic asset allocation across a diverse set of asset classes and how those allocations are implemented within the asset classes. With regard to the strategic allocation, the stock / bond mix of the Fund was approximately 55% equities and 45% fixed income during the period, in line with the Fund’s blended benchmark. Performance of the underlying funds measures the results of the underlying funds versus their respective benchmarks. The portfolio managers have control over the selection of the underlying funds.

In aggregate, asset allocation detracted from benchmark-relative performance. Exposure to inflation-sensitive assets, such as natural resource-related equities and TIPS, along with an overweight to non-U.S. and emerging markets equities detracted from relative performance. This was partially offset by exposure to global fixed income and high yield credit, which contributed on a relative basis.

Beyond asset class decisions, we seek to add value by selecting the underlying funds available in our investment universe using both quantitative and qualitative criteria. In aggregate, performance from the Underlying Funds (net of fees) detracted on a benchmark relative basis. Weak benchmark-relative performance in The Hartford Capital Appreciation Fund, Hartford Real Total Return Fund, and The Hartford Alternative Strategies Fund more than offsets strong benchmark-relative results from The Hartford Small Company Fund, The Hartford Strategic Income Fund, and The Hartford World Bond Fund. Derivatives are not utilized at the aggregate fund level but are utilized at the underlying fund level.

What is the outlook?

In our view, the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We believe the U.S. economy is on track for a self-sustaining expansion. After three years of fiscal consolidation, it appears that this policy drag is starting to fade, which we believe should support growth. Meanwhile, investment spending appears to be picking up. The euro area and Japan are easing aggressively to help boost inflation and growth. We believe this environment should contribute to a stronger U.S. dollar. Additionally, we retain a constructive view on capital markets and risk assets. The Fund ended the period with an overweight to international equities and an underweight to both large cap U.S. equities and fixed income relative to the Fund’s blended benchmark.

Composition by Investments

as of October 31, 2014

Fund Name	Percentage of  Net Assets
Hartford Real Total Return Fund		6.6	%
The Hartford Alternative Strategies Fund		3.4
The Hartford Capital Appreciation Fund		7.0
The Hartford Dividend and Growth Fund		12.7
The Hartford Emerging Markets Research Fund		5.5
The Hartford Global Real Asset Fund		6.9
The Hartford Inflation Plus Fund		12.9
The Hartford International Growth Fund		3.3
The Hartford International Opportunities Fund		6.6
The Hartford International Small Company Fund		4.5
The Hartford International Value Fund		3.3
The Hartford MidCap Value Fund		2.3
The Hartford Small Company Fund		2.3
The Hartford Strategic Income Fund		4.0
The Hartford Total Return Bond Fund		7.9
The Hartford World Bond Fund		10.8
Other Assets and Liabilities		0.0
Total		100.0	%

4

Hartford Moderate Allocation Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Affiliated Investment Companies - 100.0%
Alternative Strategy Funds - 16.9%
	4,801	Hartford Real Total Return Fund●			$	48,682
	2,620	The Hartford Alternative Strategies Fund				25,467
	5,100	The Hartford Global Real Asset Fund				50,436
						124,585
		Total Alternative Strategy Funds
		(Cost $127,628)			$	124,585
Domestic Equity Funds - 24.3%
	950	The Hartford Capital Appreciation Fund			$	51,431
	3,406	The Hartford Dividend and Growth Fund				93,653
	939	The Hartford MidCap Value Fund				16,694
	593	The Hartford Small Company Fund				16,763
						178,541
		Total Domestic Equity Funds
		(Cost $128,665)			$	178,541
International/Global Equity Funds - 23.2%
	4,459	The Hartford Emerging Markets Research Fund			$	40,486
	1,849	The Hartford International Growth Fund				24,142
	2,747	The Hartford International Opportunities Fund				48,509
	1,931	The Hartford International Small Company Fund				33,052
	1,628	The Hartford International Value Fund●				24,015
						170,204
		Total International/Global Equity Funds
		(Cost $157,980)			$	170,204
Taxable Fixed Income Funds - 35.6%
	8,632	The Hartford Inflation Plus Fund			$	94,520
	3,128	The Hartford Strategic Income Fund				29,088
	5,318	The Hartford Total Return Bond Fund				57,803
	7,405	The Hartford World Bond Fund				79,748
						261,159
		Total Taxable Fixed Income Funds
		(Cost $268,310)			$	261,159
		Total Investments in Affiliated Investment Companies
		(Cost $682,583)			$	734,489
		Total Long-Term Investments
		(Cost $682,583)			$	734,489
		Total Investments
		(Cost $682,583) ▲	100.0	%	$	734,489
		Other Assets and Liabilities	—	%		(255	)
		Total Net Assets	100.0	%	$	734,234

The accompanying notes are an integral part of these financial statements.

5

Hartford Moderate Allocation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $685,104 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	65,756
Unrealized Depreciation		(16,371	)
Net Unrealized Appreciation	$	49,385

● Non-income producing.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

6

Hartford Moderate Allocation Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Affiliated Investment Companies	$	734,489	$	734,489	$	–	$	–
Total	$	734,489	$	734,489	$	–	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

7

Hartford Moderate Allocation Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in affiliated investment companies, at market value (cost $682,583)	$	734,489
Receivables:
Investment securities sold		481
Fund shares sold		249
Dividends		112
Other assets		45
Total assets		735,376
Liabilities:
Payables:
Investment securities purchased		130
Fund shares redeemed		818
Investment management fees		19
Administrative fees		2
Distribution fees		63
Accrued expenses		110
Total liabilities		1,142
Net assets	$	734,234
Summary of Net Assets:
Capital stock and paid-in-capital	$	630,693
Undistributed net investment income		—
Accumulated net realized gain		51,635
Unrealized appreciation of investments		51,906
Net assets	$	734,234
Shares authorized		400,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$13.16/$13.93
Shares outstanding		35,164
Net assets	$	462,724
Class B: Net asset value per share	$	13.06
Shares outstanding		1,932
Net assets	$	25,234
Class C: Net asset value per share	$	13.05
Shares outstanding		12,608
Net assets	$	164,473
Class I: Net asset value per share	$	13.16
Shares outstanding		902
Net assets	$	11,868
Class R3: Net asset value per share	$	13.04
Shares outstanding		2,960
Net assets	$	38,607
Class R4: Net asset value per share	$	13.16
Shares outstanding		1,687
Net assets	$	22,195
Class R5: Net asset value per share	$	13.17
Shares outstanding		694
Net assets	$	9,133

The accompanying notes are an integral part of these financial statements.

8

Hartford Moderate Allocation Fund

Statement of Operations

For the Year Ended October 31, 2014  

(000’s Omitted)

Investment Income:
Dividends from affiliated investment companies	$	9,532
Total investment income		9,532
Expenses:
Investment management fees		1,022
Administrative services fees
Class R3		83
Class R4		36
Class R5		9
Transfer agent fees
Class A		555
Class B		69
Class C		172
Class I		6
Class R3		1
Class R4		—
Class R5		—
Distribution fees
Class A		1,198
Class B		337
Class C		1,732
Class R3		207
Class R4		61
Custodian fees		—
Accounting services fees		93
Registration and filing fees		122
Board of Directors' fees		21
Audit fees		14
Other expenses		115
Total expenses		5,853
Net Investment Income		3,679
Net Realized Gain on Investments:
Capital gain distributions received from affiliated investment companies		18,827
Net realized gain on investments in affiliated investment companies		35,488
Net Realized Gain on Investments		54,315
Net Changes in Unrealized Depreciation of Investments:
Net unrealized depreciation of investments in affiliated investment companies		(32,616	)
Net Changes in Unrealized Depreciation of Investments		(32,616	)
Net Gain on Investments		21,699
Net Increase in Net Assets Resulting from Operations	$	25,378

The accompanying notes are an integral part of these financial statements.

9

Hartford Moderate Allocation Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the  Year Ended October 31, 2014			For the  Year Ended October 31, 2013
Operations:
Net investment income	$	3,679		$	6,334
Net realized gain on investments		54,315			45,053
Net unrealized appreciation (depreciation) of investments		(32,616	)		23,244
Net Increase in Net Assets Resulting from Operations		25,378			74,631
Distributions to Shareholders:
From net investment income
Class A		(4,770	)		(12,808	)
Class B		—			(1,353	)
Class C		(292	)		(3,977	)
Class I		(150	)		(209	)
Class R3		(222	)		(1,011	)
Class R4		(216	)		(872	)
Class R5		(136	)		(320	)
Total from net investment income		(5,786	)		(20,550	)
From net realized gain on investments
Class A		(868	)		—
Class B		(74	)		—
Class C		(320	)		—
Class I		(18	)		—
Class R3		(74	)		—
Class R4		(43	)		—
Class R5		(18	)		—
Total from net realized gain on investments		(1,415	)		—
Total distributions		(7,201	)		(20,550	)
Capital Share Transactions:
Class A		(32,392	)		(22,803	)
Class B		(18,195	)		(25,277	)
Class C		(14,403	)		(7,970	)
Class I		2,017			472
Class R3		(3,875	)		96
Class R4		(1,162	)		(15,000	)
Class R5		(1,232	)		(2,404	)
Net decrease from capital share transactions		(69,242	)		(72,886	)
Net Decrease in Net Assets		(51,065	)		(18,805	)
Net Assets:
Beginning of period		785,299			804,104
End of period	$	734,234		$	785,299
Undistributed (distributions in excess of) net investment income	$	—		$	—

The accompanying notes are an integral part of these financial statements.

10

Hartford Moderate Allocation Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for Hartford Moderate Allocation Fund (the "Fund"), a series of the Company, are included in this report. Prior to May 30, 2014, the Fund was known as The Hartford Balanced Allocation Fund.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

The Fund, as a “Fund of Funds,” invests the majority of its assets in Class Y shares of other Hartford Funds ("Affiliated Investment Companies") and may also invest in one or more unaffiliated money market funds (together with the Affiliated Investment Companies, the "Underlying Funds"), certain exchange traded funds (“ETFs”) and/or exchange traded notes (“ETNs”). The Fund seeks its investment goal through implementation of a strategic asset allocation recommendation provided by Wellington Management Company, LLP (“Wellington Management”), the sub-adviser to the Fund.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The significant accounting policies of the Affiliated Investment Companies are outlined in the shareholder reports for such funds, available (1) without charge, upon request, by calling 888-843-7824, (2) on our website www.hartfordfunds.com and (3) on the SEC’s website at www.sec.gov. The reports may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The significant accounting policies of the Affiliated Investment Companies are not covered by this report.

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open

11

Hartford Moderate Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

(“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – Investments in open-end mutual funds are valued at the respective NAV of each Underlying Fund as determined as of the NYSE Close on the Valuation Date. The Fund generally uses market prices in valuing the remaining portfolio investments. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company’s Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes.  Realized gains and losses are determined on the basis of identified cost.

Dividend income is accrued on the ex-dividend date. Income and capital gain distributions from the Underlying Funds are accrued on the ex-dividend date.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating

12

Hartford Moderate Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year. Long-term capital gain distributions are distributed by the Underlying Funds at least annually, when required. Unless shareholders specify otherwise, all dividends and distributions will be automatically reinvested in additional full or fractional shares of the Fund.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Principal Risks:

The Fund is exposed to the risks of the Underlying Funds and/or ETFs/ETNs in direct proportion to the amount of assets the Fund allocates to each Underlying Fund and/or ETF/ETN. The market values of the Underlying Funds and/or ETFs/ETNs may decline due to general market conditions which are not specifically related to a particular company in which the Underlying Fund and/or ETF/ETN invested, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities in which the Underlying Funds and/or ETFs/ETNs invest may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments and short-term capital gain adjustments. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

13

Hartford Moderate Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	5,747	$	14,294
Long-Term Capital Gains ‡		1,454		6,256

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Long-Term Capital Gain	$	54,156
Unrealized Appreciation*		49,385
Total Accumulated Earnings	$	103,541

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	2,107
Accumulated Net Realized Gain (Loss)		(2,107	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

14

Hartford Moderate Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.15%
On next $500 million	0.10%
On next $1.5 billion	0.09%
On next $2.5 billion	0.08%
On next $2.5 billion	0.07%
On next $2.5 billion	0.06%
Over $10 billion	0.05%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.012%
Over $5 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5
1.40%	2.15%	2.15%	1.15%	1.65%	1.35%	1.05%

Contractual limitations for total operating expenses include expenses incurred as the result of investing in other investment companies including the Underlying Funds. Amounts incurred which exceed the above limits are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $870 and contingent deferred sales charges of $33 from the Fund.

15

Hartford Moderate Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	217,716	$	—	$	217,716
Sales Proceeds		271,529		—		271,529

16

Hartford Moderate Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		3,818		427		(6,716	)		(2,471	)		6,167		1,050		(9,055	)		(1,838	)
Amount	$	50,074	$	5,534	$	(88,000	)	$	(32,392	)	$	75,890	$	12,515	$	(111,208	)	$	(22,803	)
Class B
Shares		42		6		(1,442	)		(1,394	)		106		109		(2,274	)		(2,059	)
Amount	$	541	$	73	$	(18,809	)	$	(18,195	)	$	1,275	$	1,300	$	(27,852	)	$	(25,277	)
Class C
Shares		1,272		46		(2,416	)		(1,098	)		1,992		318		(2,961	)		(651	)
Amount	$	16,500	$	585	$	(31,488	)	$	(14,403	)	$	24,341	$	3,774	$	(36,085	)	$	(7,970	)
Class I
Shares		430		12		(289	)		153			405		17		(387	)		35
Amount	$	5,654	$	156	$	(3,793	)	$	2,017		$	4,954	$	203	$	(4,685	)	$	472
Class R3
Shares		612		23		(933	)		(298	)		680		84		(752	)		12
Amount	$	7,961	$	293	$	(12,129	)	$	(3,875	)	$	8,277	$	1,000	$	(9,181	)	$	96
Class R4
Shares		476		20		(581	)		(85	)		425		73		(1,728	)		(1,230	)
Amount	$	6,201	$	257	$	(7,620	)	$	(1,162	)	$	5,261	$	868	$	(21,129	)	$	(15,000	)
Class R5
Shares		80		12		(186	)		(94	)		137		27		(363	)		(199	)
Amount	$	1,045	$	154	$	(2,431	)	$	(1,232	)	$	1,686	$	320	$	(4,410	)	$	(2,404	)
Total
Shares		6,730		546		(12,563	)		(5,287	)		9,912		1,678		(17,520	)		(5,930	)
Amount	$	87,976	$	7,052	$	(164,270	)	$	(69,242	)	$	121,684	$	19,980	$	(214,550	)	$	(72,886	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		291	$	3,813
For the Year Ended October 31, 2013		388	$	4,786

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on

17

Hartford Moderate Allocation Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

18

Hartford Moderate Allocation Fund

Financial Highlights

	- Selected Per-Share Data - (A)																							- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C),(D)			Ratio of Expenses to Average Net Assets After Adjust- ments(C),(D)			Ratio of Net Investment Income (Loss) to Average Net Assets(D)
For the Year Ended October 31, 2014
A	$	12.86	$	0.09		$	0.36	$	0.45	$	(0.13	)	$	(0.02	)	$	(0.15	)	$	13.16		3.54	%	$	462,724		0.55	%		0.55	%		0.69	%
B		12.75		(0.01	)		0.34		0.33		–			(0.02	)		(0.02	)		13.06		2.62			25,234		1.39			1.39			(0.06	)
C		12.74		(0.01	)		0.37		0.36		(0.03	)		(0.02	)		(0.05	)		13.05		2.79			164,473		1.28			1.28			(0.04	)
I		12.88		0.13			0.37		0.50		(0.20	)		(0.02	)		(0.22	)		13.16		3.87			11,868		0.24			0.24			0.95
R3		12.74		0.04			0.35		0.39		(0.07	)		(0.02	)		(0.09	)		13.04		3.11			38,607		0.88			0.88			0.34
R4		12.86		0.08			0.36		0.44		(0.12	)		(0.02	)		(0.14	)		13.16		3.44			22,195		0.58			0.58			0.64
R5		12.89		0.13			0.36		0.49		(0.19	)		(0.02	)		(0.21	)		13.17		3.79			9,133		0.28			0.28			0.97
For the Year Ended October 31, 2013
A	$	12.00	$	0.12		$	1.07	$	1.19	$	(0.33	)	$	–		$	(0.33	)	$	12.86		10.13	%	$	484,156		0.55	%		0.55	%		1.01	%
B		11.93		0.05			1.04		1.09		(0.27	)		–			(0.27	)		12.75		9.31			42,407		1.37			1.37			0.38
C		11.93		0.03			1.06		1.09		(0.28	)		–			(0.28	)		12.74		9.34			174,647		1.28			1.28			0.27
I		11.99		0.14			1.10		1.24		(0.35	)		–			(0.35	)		12.88		10.53			9,649		0.24			0.24			1.18
R3		11.90		0.08			1.07		1.15		(0.31	)		–			(0.31	)		12.74		9.87			41,503		0.88			0.88			0.65
R4		11.99		0.17			1.02		1.19		(0.32	)		–			(0.32	)		12.86		10.18			22,776		0.58			0.58			1.36
R5		12.00		0.17			1.07		1.24		(0.35	)		–			(0.35	)		12.89		10.53			10,161		0.28			0.28			1.37
For the Year Ended October 31, 2012 (E)
A	$	11.21	$	0.11		$	0.82	$	0.93	$	(0.14	)	$	–		$	(0.14	)	$	12.00		8.41	%	$	473,562		0.55	%		0.55	%		0.99	%
B		11.19		0.01			0.81		0.82		(0.08	)		–			(0.08	)		11.93		7.42			64,262		1.35			1.35			0.22
C		11.18		0.02			0.82		0.84		(0.09	)		–			(0.09	)		11.93		7.54			171,252		1.29			1.29			0.23
I		11.21		0.14			0.81		0.95		(0.17	)		–			(0.17	)		11.99		8.57			8,563		0.27			0.27			1.11
R3		11.14		0.07			0.81		0.88		(0.12	)		–			(0.12	)		11.90		7.94			38,637		0.89			0.89			0.57
R4		11.21		0.11			0.81		0.92		(0.14	)		–			(0.14	)		11.99		8.31			35,982		0.58			0.58			0.93
R5		11.21		0.14			0.82		0.96		(0.17	)		–			(0.17	)		12.00		8.63			11,846		0.28			0.28			1.25
For the Year Ended October 31, 2011 (E)
A	$	11.03	$	0.17		$	0.21	$	0.38	$	(0.20	)	$	–		$	(0.20	)	$	11.21		3.39	%	$	501,962		0.54	%		0.54	%		1.45	%
B		11.00		0.07			0.22		0.29		(0.10	)		–			(0.10	)		11.19		2.64			78,784		1.33			1.33			0.66
C		10.99		0.08			0.22		0.30		(0.11	)		–			(0.11	)		11.18		2.72			167,049		1.28			1.28			0.71
I		11.02		0.19			0.23		0.42		(0.23	)		–			(0.23	)		11.21		3.81			5,333		0.24			0.24			1.72
R3		10.96		0.13			0.21		0.34		(0.16	)		–			(0.16	)		11.14		3.12			29,124		0.88			0.88			1.06
R4		11.02		0.17			0.21		0.38		(0.19	)		–			(0.19	)		11.21		3.46			36,188		0.57			0.57			1.33
R5		11.03		0.19			0.22		0.41		(0.23	)		–			(0.23	)		11.21		3.67			11,208		0.27			0.27			1.73

See Portfolio Turnover information on the next page.

19

Hartford Moderate Allocation Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C),(D)			Ratio of Expenses to Average Net Assets After Adjust- ments(C),(D)			Ratio of Net Investment Income (Loss) to Average Net Assets(D)
For the Year Ended October 31, 2010 (E)
A	$	9.79	$	0.15	$	1.24	$	1.39	$	(0.15	)	$	–	$	(0.15	)	$	11.03		14.33	%	$	519,328		0.54	%		0.54	%		1.48	%
B		9.76		0.07		1.24		1.31		(0.07	)		–		(0.07	)		11.00		13.44			91,904		1.35			1.35			0.68
C		9.75		0.08		1.24		1.32		(0.08	)		–		(0.08	)		10.99		13.55			175,611		1.29			1.29			0.74
I		9.78		0.18		1.24		1.42		(0.18	)		–		(0.18	)		11.02		14.65			3,685		0.28			0.28			1.73
R3		9.74		0.13		1.23		1.36		(0.14	)		–		(0.14	)		10.96		14.02			18,235		0.88			0.88			1.06
R4		9.78		0.15		1.24		1.39		(0.15	)		–		(0.15	)		11.02		14.32			19,647		0.58			0.58			1.45
R5		9.79		0.18		1.24		1.42		(0.18	)		–		(0.18	)		11.03		14.64			13,874		0.28			0.28			1.76

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Ratios do not include expenses of the Underlying Funds and/or ETFs/ETNs, if applicable.

(E) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover  Rate for  All Share Classes
For the Year Ended October 31, 2014		28	%
For the Year Ended October 31, 2013		21
For the Year Ended October 31, 2012		79
For the Year Ended October 31, 2011		36
For the Year Ended October 31, 2010		25

20

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Hartford Moderate Allocation Fund (formerly The Hartford Balanced Allocation Fund) (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Hartford Moderate Allocation Fund (formerly The Hartford Balanced Allocation Fund) of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota December 18, 2014

21

Hartford Moderate Allocation Fund

Directors and Officers (Unaudited)  

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

22

Hartford Moderate Allocation Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

23

Hartford Moderate Allocation Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

24

Hartford Moderate Allocation Fund

Federal Tax Information (Unaudited)   

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

25

Hartford Moderate Allocation Fund

Expense Example (Unaudited)   

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio(A)			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,001.20	$	2.76	$	1,000.00	$	1,022.45	$	2.79		0.55	%	184	365
Class B	$	1,000.00	$	996.90	$	6.97	$	1,000.00	$	1,018.23	$	7.04		1.38		184	365
Class C	$	1,000.00	$	998.50	$	6.45	$	1,000.00	$	1,018.75	$	6.51		1.28		184	365
Class I	$	1,000.00	$	1,003.50	$	1.21	$	1,000.00	$	1,023.99	$	1.23		0.24		184	365
Class R3	$	1,000.00	$	999.20	$	4.46	$	1,000.00	$	1,020.74	$	4.51		0.88		184	365
Class R4	$	1,000.00	$	1,001.30	$	2.95	$	1,000.00	$	1,022.26	$	2.98		0.58		184	365
Class R5	$	1,000.00	$	1,003.30	$	1.43	$	1,000.00	$	1,023.78	$	1.45		0.28		184	365

(A) Ratios do not include expenses of the Underlying Funds and/or ETFs/ETNs, if applicable.

26

Hartford Moderate Allocation Fund

Shareholder Meeting Results (Unaudited)   

A special meeting of shareholders of the Fund was held on April 4, 2014, which was adjourned until May 9, 2014 (“Shareholder Meeting”). Each of the three proposals listed below were approved by shareholders. The final results of the Shareholder Meeting are reported below.

Proposal one:

The ratification and approval of the sub-advisory agreement between HFMC, the investment manager of the Fund, and Wellington Management pursuant to which Wellington Management serves as the sub-adviser to the Fund and manages the Fund's assets.

For	Against	Abstain	Uninstructed
22,099,467.825	979,550.245	1,793,879.600	5,915,507.000

Proposal two:

The approval of the retention of fees paid and the payment of fees payable by Hartford Investment Financial Services, LLC, the Fund’s former investment manager, and HFMC (as applicable) to Wellington Management for its sub-advisory services to the Fund.

For	Against	Abstain	Uninstructed
21,850,416.330	1,151,043.257	1,871,438.083	5,915,507.000

Proposal three:

The authorization of HFMC to select and contract with sub-advisers that are not affiliated with HFMC or the Fund (other than by reason of serving as a sub-adviser to one or more Hartford-sponsored mutual funds) and to materially amend investment sub-advisory agreements without obtaining shareholder approval.

For	Against	Abstain	Uninstructed
21,201,030.200	1,793,032.829	1,878,834.641	5,915,507.000

27

Hartford Moderate Allocation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for Hartford Moderate Allocation Fund (formerly The Hartford Balanced Allocation Fund) (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment

28

Hartford Moderate Allocation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 5^th quintile of its performance universe for the 1- and 3-year periods and in the 4^th quintile for the 5-year period. The Board also noted that the Fund’s performance was below its blended custom benchmark for the 1- and 3-year periods and above its blended custom benchmark for the 5-year period. In considering the Fund’s performance record, the Board noted that the Fund had transitioned to Wellington Management Company, LLP as sub-adviser in 2012.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

29

Hartford Moderate Allocation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

30

Hartford Moderate Allocation Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

31

Hartford Moderate Allocation Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fund of Funds Risk:The Fund invests in a number of Underlying Funds, and is subject to the risks of the Underlying Funds in direct proportion to the amount of assets it invests in each Underlying Fund. The Underlying Funds may invest in the following: foreign securities including emerging markets, fixed income securities (which carry credit and interest rate risk) including junk bonds, small- and mid-cap stocks, mortgage- and asset-backed securities, and derivatives.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

32

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-MAL14 12/14 113962-3 Printed in U.S.A.

HARTFORDFUNDS

HARTFORD MULTI-ASSET INCOME FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

Hartford Multi-Asset Income Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	6
Statement of Assets and Liabilities at October 31, 2014	25
Statement of Operations for the Period April 30, 2014 (commencement of operations) through October 31, 2014	27
Statement of Changes in Net Assets for the Period April 30, 2014 (commencement of operations) through October 31, 2014	28
Notes to Financial Statements	29
Financial Highlights	48
Report of Independent Registered Public Accounting Firm	49
Directors and Officers (Unaudited)	50
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	52
Quarterly Portfolio Holdings Information (Unaudited)	52
Federal Tax Information (Unaudited)	53
Expense Example (Unaudited)	54
Approval of New Investment Management and Investment Sub-Advisory Agreements (Unaudited)	55
Main Risks (Unaudited)	58

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

Hartford Multi-Asset Income Fund inception 04/30/2014

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide a high level of current income consistent with growth of capital.

Performance Overview 4/30/14 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Cumulative Returns (as of 10/31/14)

	Since      Inception▲
Multi-Asset Income A#		0.80	%
Multi-Asset Income A##		-3.73	%
Multi-Asset Income C#		0.37	%
Multi-Asset Income C##		-0.62	%
Multi-Asset Income I#		0.92	%
Multi-Asset Income R3#		0.64	%
Multi-Asset Income R4#		0.78	%
Multi-Asset Income R5#		0.88	%
Multi-Asset Income Y#		0.93	%
BofAML Global High Yield Constrained Index		-0.87	%
Credit Suisse Leveraged Loan Index		1.18	%
JP Morgan Emerging Markets Bond Index Plus		3.81	%
MSCI All Country World Index		2.63	%
Multi-Asset Income Fund Blended Index		1.91	%

▲	Inception: 04/30/2014. Cumulative returns not annualized.
#	Without sales charge
##	With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Bank of America Merrill Lynch Global High Yield Constrained Index tracks the performance of below investment grade bonds of corporate issuers domiciled in countries with an investment grade foreign currency long-term debt rating (based on a composite of Moody's Investors Service, Inc. and Standard and Poor's Ratings Services). The index is weighted by outstanding issuance, but constrained such that the percentage of any one issuer may not represent more than 2% of the Index.

Credit Suisse Leveraged Loan Index is a market-value weighted index designed to represent the investable universe of the U.S. dollar-denominated leveraged loan market.

JP Morgan Emerging Markets Bond Index Plus (EMBI+) is JP Morgan's most liquid U.S. dollar emerging market debt benchmark, and tracks total returns for actively traded external debt instruments in emerging markets. Included in the EMBI+ are U.S. dollar-denominated Brady bonds, Eurobonds, and traded loans issued by sovereign entities.

MSCI All Country World Index is a free float-adjusted market capitalization index that measures equity market performance in the global developed and emerging markets, consisting of 45 developed and emerging market country indices.

Multi-Asset Income Fund Blended Index is calculated by Hartford Funds Management Company, LLC and represents the weighted return of 30% MSCI All Country World Index, 23.4% Bank of America Merrill Lynch Global High Yield Constrained Index, 23.3% JP Morgan Emerging Markets Bond Index Plus and 23.3% Credit Suisse Leveraged Loan Index.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.

2

Hartford Multi-Asset Income Fund

 Manager Discussion

 October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Multi-Asset Income Class A		1.12	%		1.25	%
Multi-Asset Income Class C		1.87	%		2.00	%
Multi-Asset Income Class I		0.87	%		1.00	%
Multi-Asset Income Class R3		1.42	%		1.55	%
Multi-Asset Income Class R4		1.12	%		1.25	%
Multi-Asset Income Class R5		0.93	%		0.95	%
Multi-Asset Income Class Y		0.83	%		0.85	%

* As shown in the Fund's most recent prospectus. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 29, 2016, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Richard P. Meagher, CFA	David J. Elliott, CFA	Campe Goodman, CFA
Vice President, Asset Allocation Strategist and Portfolio Manager	Vice President, Co-Director of Quantitative Investments, Director of Quantitative Portfolio Management and Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of the Hartford Multi-Asset Income Fund returned 0.80%, before sales charge, for the period April 30, 2014 (commencement of operations) through October 31, 2014, underperforming the Fund’s blended benchmark (30% MSCI All Country World Index, 23.4% Bank of America Merrill Lynch Global High Yield Constrained Index, 23.3% JP Morgan Emerging Markets Bond Index Plus and 23.3% Credit Suisse Leveraged Loan Index) which returned 1.91% for the same period. The Fund also underperformed the 5.48% average return of the Lipper Mixed-Asset Target Allocation Conservative Funds category, a group of funds with equity weights of 20%-40%. For the same period, the MSCI All Country World Index returned 2.63%, the Bank of America Merrill Lynch Global High Yield Constrained Index returned -0.87%, the JP Morgan Emerging Markets Bond Index Plus returned 3.81%, and the Credit Suisse Leveraged Loan Index returned 1.18%.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter gross domestic product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated Fed interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property

3

Hartford Multi-Asset Income Fund

 Manager Discussion – (continued)

 October 31, 2014 (Unaudited)

slump and poor GDP readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the ECB and the People's Bank of China, as well as an encouraging U.S. corporate earnings season. Despite these positives, many market participants found ample reason to reassess their risk appetites (i.e. reduce risks), given the strong performance in recent years. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks.

The Fund’s opportunistic allocation to Greek government bonds was the primary driver of benchmark-relative underperformance during the period. Falling Greek government bond prices reflected elevated fears about European deflation as well as Greek-specific worries on the political front and regarding the capital adequacy of the banking sector. Offsetting this partially were our opportunistic allocations to Master Limited Parterships (MLPs) and security selection within our global income low volatility equities, which contributed to relative returns over the period. MLPs posted strong gains while Infrastructure equities were a modest drag on performance reflecting the broader weakness in yield-oriented equities. MLPs as an asset class have delivered strong performance in recent years and are trading above their historical valuation range.

Our primary fixed income allocation, the multi-sector credit portfolio managed by Campe Goodman, also added value over the period. The multi-sector credit portfolio seeks to generate high income and total return from a broadly diversified portfolio of credit instruments. Our exposure within high yield credit was the largest contributor to relative performance over the period while bank loans partially offset this positive performance.

We tactically managed exposures to high yield credit, investment grade credit and commercial mortgage backed securities through credit default swap index exposure, which contributed positively to overall performance. Additionally, we utilized derivatives in the Fund to tactically manage duration.

What is the outlook?

We believe the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We believe that the U.S. economy is on track for a self-sustaining expansion. After three years of fiscal consolidation, this policy drag is starting to fade, which we believe should support growth. Meanwhile, investment spending appears to be picking up. Wage trends and inflation appear to have been quite muted in the U.S., yet below the surface it appears that U.S. firms are having a tougher time finding qualified labor, which we believe suggests that wages will rise in 2015 with an improving labor market.

Reflecting these trends, we retain a constructive view on capital markets and risk assets. At the end of the period, our opportunistic allocations remained in MLPs, infrastructure equities and Greek government debt, all of which we believe continue to offer attractive income opportunities. At the end of the period, the Fund’s fixed income allocation was at 78%, slightly above the Fund’s 70% strategic allocation.

4

Hartford Multi-Asset Income Fund

 Manager Discussion – (continued)

 October 31, 2014 (Unaudited)

Diversification by Country

as of October 31, 2014

	Percentage of
Country	Net Assets
Angola	0.2	%
Argentina	0.4
Armenia	0.1
Australia	0.7
Azerbaijan	0.3
Belgium	0.5
Brazil	1.8
British Virgin Islands	0.5
Canada	1.9
China	0.8
Colombia	0.9
Costa Rica	0.2
Croatia	0.1
Czech Republic	0.1
Denmark	0.1
Dominican Republic	0.2
Finland	0.1
France	1.9
Germany	0.7
Greece	3.3
Hong Kong	0.9
Hungary	0.2
India	0.3
Indonesia	1.1
Ireland	0.4
Israel	0.8
Italy	0.3
Japan	1.4
Kazakhstan	0.2
Kenya	0.0
Lithuania	0.3
Luxembourg	1.5
Malaysia	0.3
Marshall Islands	0.1
Mexico	1.9
Netherlands	0.4
New Zealand	0.0
Nigeria	0.3
Norway	0.2
Panama	0.1
Peru	0.3
Philippines	0.4
Poland	0.0
Romania	0.5
Russia	1.4
Singapore	0.2
South Africa	0.4
South Korea	0.1
Spain	2.6
Sweden	0.1
Switzerland	1.2
Taiwan	0.5
Thailand	0.2
Turkey	1.2
Ukraine	0.3
United Kingdom	3.3
Uruguay	0.4
Venezuela	0.3
United States	66.3
Short-Term Investments	2.2
Purchased Options	0.0
Other Assets and Liabilities	(7.4	)
Total	100.0	%

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Aaa/ AAA	8.4	%
A	0.3
Baa/ BBB	8.9
Ba/ BB	17.9
B	27.3
Caa/ CCC or Lower	12.3
Not Rated	4.0
Non-Debt Securities and Other Short-Term Instruments	28.3
Other Assets and Liabilities	(7.4	)
Total	100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Equity Securities
Common Stocks	26.0	%
Preferred Stocks	0.1
Total	26.1	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities	10.8	%
Corporate Bonds	16.7
Foreign Government Obligations	14.0
Municipal Bonds	0.4
Senior Floating Rate Interests	28.6
U.S. Government Agencies	8.6
Total	79.1	%
Short-Term Investments	2.2
Purchased Options	0.0
Other Assets and Liabilities	(7.4	)
Total	100.0	%

5

Hartford Multi-Asset Income Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 10.8%
		Finance and Insurance - 10.8%
		Adjustable Rate Mortgage Trust
$	79	0.42%, 11/25/2035 Δ	$	73
		Banc of America Funding Corp.
	723	0.39%, 02/20/2047 Δ		623
		Bear Stearns Adjustable Rate Mortgage Trust
	457	4.99%, 06/25/2047 Δ		408
		Bear Stearns Alt-A Trust
	103	0.47%, 08/25/2036 Δ		78
	466	0.63%, 02/25/2036 Δ		385
	88	0.67%, 11/25/2035 Δ		72
	69	2.63%, 09/25/2035 Δ		63
	226	2.70%, 08/25/2036 Δ		165
		CHL Mortgage Pass-Through Trust
	590	0.49%, 03/25/2035 Δ		509
	731	2.42%, 06/20/2035 Δ		701
		Countrywide Alternative Loan Trust
	42	0.29%, 04/25/2047 Δ		35
	270	0.42%, 01/25/2036 Δ		240
	966	0.60%, 04/25/2037 Δ		647
	487	0.65%, 12/25/2035 Δ		350
		Countrywide Home Loans, Inc.
	809	4.87%, 11/20/2035 Δ		726
	187	5.75%, 08/25/2037		179
		Downey S & L Association Mortgage Loan Trust
	62	1.04%, 03/19/2046 Δ		48
		GSAA Home Equity Trust
	1,099	0.22%, 12/25/2046 Δ		625
	157	0.24%, 12/25/2036 Δ		78
	907	0.38%, 04/25/2047 Δ		582
	953	0.45%, 03/25/2036 Δ		672
	71	0.47%, 04/25/2047 Δ		46
	493	5.98%, 06/25/2036		289
		GSR Mortgage Loan Trust
	656	2.74%, 01/25/2036 Δ		607
		Harborview Mortgage Loan Trust
	96	0.40%, 03/19/2036 Δ		70
	488	0.51%, 01/19/2035 Δ		341
		Home Equity Loan Trust
	625	0.31%, 04/25/2037 Δ		430
	336	2.45%, 11/25/2035 Δ		316
		IndyMac Index Mortgage Loan Trust
	86	0.35%, 10/25/2036 Δ		74
	197	0.39%, 07/25/2035 Δ		175
		JP Morgan Chase Commercial Mortgage Securities Corp.
	100	4.00%, 08/15/2046 ■		87
		JP Morgan Mortgage Trust
	121	2.71%, 05/25/2036 Δ		107
		Lehman XS Trust
	46	0.41%, 11/25/2035 Δ		32
		Luminent Mortgage Trust
	432	0.35%, 02/25/2046 Δ		317
	747	0.39%, 04/25/2036 Δ		502
		Master Adjustable Rate Mortgages Trust
	369	0.39%, 05/25/2037 Δ		250
		Morgan Stanley ABS Capital I
	568	0.30%, 06/25/2036 Δ		416
		Morgan Stanley BAML Trust
	90	4.50%, 08/15/2045 ■		69
		Morgan Stanley Mortgage Loan Trust
	608	2.59%, 05/25/2036 Δ		441
		RBSGC Mortage Pass Through Certificates
	362	6.25%, 01/25/2037		339
		Residential Accredit Loans, Inc.
	370	0.37%, 02/25/2046 Δ		177
	592	1.41%, 11/25/2037 Δ		377
		Residential Funding Mortgage Securities, Inc.
	592	6.00%, 07/25/2037		537
		Sequoia Mortgage Trust
	252	0.43%, 01/20/2035 ╦Δ		241
		Structured Adjustable Rate Mortgage Loan Trust
	99	0.34%, 07/25/2037 Δ		73
		UBS-Barclays Commercial Mortgage Trust
	60	4.23%, 03/10/2046 ■Δ		50
		WaMu Mortgage Pass-Through Certificates
	445	1.10%, 07/25/2046 Δ		378
	590	4.61%, 08/25/2036 Δ		540
		Washington Mutual, Inc.
	529	0.94%, 12/25/2046 Δ		434
		Wells Fargo Alternative Loan Trust
	165	2.60%, 12/28/2037 Δ		132
		Wells Fargo Mortgage Backed Securities Trust
	150	2.49%, 10/25/2036 Δ		139
		WF-RBS Commercial Mortgage Trust
	46	5.00%, 04/15/2045 ■		35
				15,280
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $15,559)	$	15,280
Corporate Bonds - 16.7%
		Accommodation and Food Services - 0.1%
		NH Hoteles S.A.
EUR	100	6.88%, 11/15/2019 ■		133
		Administrative, Support, Waste Management and Remediation Services - 0.5%
		ADT (The) Corp.
$	350	6.25%, 10/15/2021	$	368
		Casella Waste Systems, Inc.
	50	7.75%, 02/15/2019		51
		Clean Harbors, Inc.
	120	5.25%, 08/01/2020		123
		Equinix, Inc.
	99	5.38%, 04/01/2023		102
		ServiceMaster (The) Co.
	76	7.00%, 08/15/2020		80
				724
		Arts, Entertainment and Recreation - 0.4%
		AMC Entertainment, Inc.
	40	9.75%, 12/01/2020		44
		CCO Holdings LLC
	75	5.25%, 09/30/2022		75
	70	5.75%, 09/01/2023		72
	65	6.63%, 01/31/2022		69
		Cequel Communications Holdings I LLC
	55	5.13%, 12/15/2021 ■		54

The accompanying notes are an integral part of these financial statements.

6

Hartford Multi-Asset Income Fund

 Schedule of Investments – (continued)

 October 31, 2014

 (000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 16.7% - (continued)
		Arts, Entertainment and Recreation - 0.4% - (continued)
		Emdeon, Inc.
$	40	11.00%, 12/31/2019	$	44
		Gannett Co., Inc.
	30	4.88%, 09/15/2021 ■		30
	70	5.13%, 10/15/2019		73
	5	5.50%, 09/15/2024 ■		5
	20	6.38%, 10/15/2023		22
		Gray Television, Inc.
	35	7.50%, 10/01/2020		37
		Sirius XM Radio, Inc.
	40	4.25%, 05/15/2020 ■		40
				565
		Chemical Manufacturing - 0.2%
		Faenza Acquisition Gmbh
EUR	100	8.25%, 08/15/2021 §		134
		Hexion U.S. Finance Corp.
	20	6.63%, 04/15/2020		20
		Ineos Group Holdings plc
EUR	100	6.50%, 08/15/2018 §		127
				281
		Computer and Electronic Product Manufacturing - 0.2%
		CDW Escrow Corp.
	25	8.50%, 04/01/2019		26
		CDW LLC / CDW Finance Corp.
	65	6.00%, 08/15/2022		69
		Freescale Semiconductor, Inc.
	105	6.00%, 01/15/2022 ■		108
		Lucent Technologies, Inc.
	110	6.45%, 03/15/2029		106
				309
		Construction - 0.3%
		K Hovnanian Enterprises, Inc.
	50	7.00%, 01/15/2019 ■		49
	35	8.00%, 11/01/2019 ■		35
		KB Home
	95	7.00%, 12/15/2021		102
		Lennar Corp.
	40	4.75%, 11/15/2022		40
		M/I Homes, Inc.
	20	3.00%, 03/01/2018 β		20
		MPH Acquisition Holdings LLC
	30	6.63%, 04/01/2022 ■		31
		Paragon Offshore plc
	70	6.75%, 07/15/2022 ■		53
		Ply Gem Industries, Inc.
	40	6.50%, 02/01/2022		39
				369
		Electrical Equipment and Appliance Manufacturing - 0.0%
		Sensata Technologies B.V.
	20	5.63%, 11/01/2024 ■		21
		Fabricated Metal Product Manufacturing - 0.0%
		Entegris, Inc.
	50	6.00%, 04/01/2022 ■		51
		Finance and Insurance - 7.3%
		Ally Financial, Inc.
	85	5.13%, 09/30/2024		88
		Banco Bilbao Vizcaya Argentaria S.A.
EUR	600	7.00%, 12/29/2049 §		771
	400	9.00%, 05/09/2018 §♠		433
		Banco do Brasil
	221	6.25%, 04/15/2024 §♠		173
		Banco Santander S.A.
EUR	900	6.25%, 03/12/2049 §		1,104
		Bank of Ireland
EUR	100	10.00%, 07/30/2016 §		135
		Barclays Bank plc
EUR	400	8.00%, 12/15/2049		520
	425	8.25%, 12/15/2018 ♠β		439
		Brazil Minas SPE via State of Minas Gerais
	200	5.33%, 02/15/2028 §		201
		CIT Group, Inc.
	500	5.50%, 02/15/2019 ■		533
		Credit Agricole S.A.
EUR	175	6.50%, 06/23/2049 §		223
	200	8.13%, 09/19/2033 ■		227
		Credit Suisse Group AG
EUR	200	5.75%, 09/18/2025 §		279
		Development Bank of Kazakhstan JSC
	200	4.13%, 12/10/2022 ╦§		189
		HSBC Holdings plc
	325	5.63%, 01/17/2020 ╦♠		330
		Lloyds Banking Group plc
EUR	325	6.38%, 06/27/2049 §		421
GBP	200	7.00%, 12/29/2049 §		319
		Nationstar Mortgage LLC
	80	7.88%, 10/01/2020		79
		Nationwide Building Society
GBP	385	6.88%, 03/11/2049 §		602
		Navient Corp.
	350	8.45%, 06/15/2018		400
		Provident Funding Associates L.P.
	135	6.75%, 06/15/2021 ■		135
		Royal Bank of Scotland Group plc
	270	6.13%, 12/15/2022		292
	100	7.64%, 09/27/2017 ♠Δ		106
		RZD Capital Ltd.
	525	5.70%, 04/05/2022 ╦§		521
		Societe Generale
	225	6.00%, 01/27/2020 ■♠		212
EUR	125	6.75%, 04/07/2049 §		157
	820	8.25%, 11/29/2018 §♠		867
		SoftBank Corp.
EUR	100	4.63%, 04/15/2020 §		135
		TMX Finance LLC
	55	8.50%, 09/15/2018 ■		54
		UniCredit S.p.A.
	200	8.00%, 06/03/2024 §♠		200
		Yasar Holdings
	220	8.88%, 05/06/2020 ■☼		220
				10,365
		Food Manufacturing - 0.4%
		ESAL GmbH
	200	6.25%, 02/05/2023 §		204
		Grupo Bimbo S.A.B. de C.V.
	405	4.88%, 06/27/2044 ■		397
				601

The accompanying notes are an integral part of these financial statements.

7

Hartford Multi-Asset Income Fund

 Schedule of Investments – (continued)

 October 31, 2014

 (000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 16.7% - (continued)
		Food Services - 0.1%
		ARAMARK Corp.
$	70	5.75%, 03/15/2020	$	73
		CEC Entertainment, Inc.
	20	8.00%, 02/15/2022 ■		19
				92
		Health Care and Social Assistance - 1.0%
		Alere, Inc.
	80	6.50%, 06/15/2020		83
		AmSurg Corp.
	25	5.63%, 07/15/2022 ■		26
		Biomet, Inc.
	40	6.50%, 08/01/2020		43
		Community Health Systems, Inc.
	145	5.13%, 08/01/2021		151
	40	6.88%, 02/01/2022		43
	140	7.13%, 07/15/2020		152
		Cubist Pharmaceuticals
	20	1.88%, 09/01/2020 β		23
		Envision Healthcare Corp.
	10	5.13%, 07/01/2022 ■		10
		HCA Holdings, Inc.
	50	6.25%, 02/15/2021		54
	20	7.50%, 11/15/2095		19
		HCA, Inc.
	340	6.50%, 02/15/2020		380
		InVentiv Health, Inc.
	25	9.00%, 01/15/2018 ■		26
		Pinnacle Merger Sub, Inc.
	60	9.50%, 10/01/2023 ■		65
		Salix Pharmaceuticals Ltd.
	110	6.00%, 01/15/2021 ■		119
		Tenet Healthcare Corp.
	70	5.00%, 03/01/2019 ■		70
	50	8.13%, 04/01/2022		57
		Wellcare Health Plans, Inc.
	75	5.75%, 11/15/2020		77
				1,398
		Information - 2.0%
		Activision Blizzard, Inc.
	132	5.63%, 09/15/2021 ■		140
	10	6.13%, 09/15/2023 ■		11
		Altice Financing S.A.
EUR	100	6.50%, 01/15/2022 §		129
		Audatex North America, Inc.
	50	6.00%, 06/15/2021 ■		53
		DISH DBS Corp.
	380	6.75%, 06/01/2021		422
	25	7.88%, 09/01/2019		29
		First Data Corp.
	60	6.75%, 11/01/2020 ■		64
	45	8.25%, 01/15/2021 §		49
	14	14.50%, 09/24/2019 ■Þ		15
		Harron Communications L.P.
	30	9.13%, 04/01/2020 ■		33
		Infor Software Parent LLC
	85	7.13%, 05/01/2021 ■		86
		Infor US, Inc.
	25	9.38%, 04/01/2019		27
		Intelsat Jackson Holdings S.A.
	60	7.50%, 04/01/2021		65
		Intelsat Luxembourg S.A.
	130	7.75%, 06/01/2021		136
		Level 3 Escrow, Inc.
	50	5.38%, 08/15/2022 ■		51
		Level 3 Financing, Inc.
	80	7.00%, 06/01/2020		85
		MetroPCS Wireless, Inc.
	70	6.63%, 11/15/2020		74
		Nara Cable Funding Ltd.
EUR	100	8.88%, 12/01/2018 §		131
		Sprint Communications, Inc.
	90	9.00%, 11/15/2018 ■		106
		Sprint Corp.
	110	7.25%, 09/15/2021 ■		116
		Syniverse Holdings, Inc.
	30	9.13%, 01/15/2019		32
		T-Mobile USA, Inc.
	230	6.46%, 04/28/2019		240
	215	6.63%, 04/28/2021		226
		Unitymedia Hessen GmbH & Co.
EUR	100	5.75%, 01/15/2023 §		136
		UPCB Finance V Ltd.
	150	7.25%, 11/15/2021 ■		165
		Verint Systems, Inc.
	22	1.50%, 06/01/2021 β		25
		Wind Acquisition Finance S.A.
EUR	100	4.00%, 07/15/2020 ■		123
		Windstream Corp.
	50	7.75%, 10/15/2020		53
	30	7.88%, 11/01/2017		34
				2,856
		Machinery Manufacturing - 0.2%
		Case New Holland Industrial, Inc.
	290	7.88%, 12/01/2017		326
		Mining - 0.8%
		ABJA Investment Co. Pte Ltd.
	415	5.95%, 07/31/2024 §		422
		AK Steel Corp.
	130	7.63%, 05/15/2020 - 10/01/2021		131
		FMG Resources Aug 2006
	240	6.88%, 04/01/2022 ■		248
		Peabody Energy Corp.
	210	6.50%, 09/15/2020		200
		Steel Dynamics, Inc.
	40	5.13%, 10/01/2021 ■		41
	105	5.50%, 10/01/2024 ■		111
				1,153
		Motor Vehicle and Parts Manufacturing - 0.1%
		General Motors Co.
	25	4.88%, 10/02/2023		27
	135	6.25%, 10/02/2043		160
				187
		Nonmetallic Mineral Product Manufacturing - 0.4%
		Ardagh Packaging Finance plc
EUR	100	9.25%, 10/15/2020 §		134
		Cemex Finance LLC
	200	7.25%, 01/15/2021 ■		216
		HeidelbergCement Finance Luxembourg S.A.
EUR	30	8.50%, 10/31/2019 §		49

The accompanying notes are an integral part of these financial statements.

8

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 16.7% - (continued)
		Nonmetallic Mineral Product Manufacturing - 0.4% - (continued)
		Union Andina de Cementos SAA
$	155	5.88%, 10/30/2021 ■	$	157
				556
		Other Services - 0.2%
		Abengoa Finance
EUR	100	6.00%, 03/31/2021 §		122
		Cardtronics, Inc.
	65	5.13%, 08/01/2022 ■		65
		Service Corp. International
	20	7.63%, 10/01/2018		22
				209
		Paper Manufacturing - 0.2%
		Clearwater Paper Corp.
	60	5.38%, 02/01/2025 ■		61
		Graphic Packaging International
	60	4.88%, 11/15/2022 ☼		60
		Smurfit Kappa Acquisitions
EUR	100	4.13%, 01/30/2020 §		132
				253
		Petroleum and Coal Products Manufacturing - 0.7%
		Antero Resources Finance Corp.
	70	6.00%, 12/01/2020		73
		Bonanza Creek Energy, Inc.
	25	6.75%, 04/15/2021		25
		California Resources Corp.
	10	5.00%, 01/15/2020 ■		10
	25	5.50%, 09/15/2021 ■		25
	40	6.00%, 11/15/2024 ■		41
		Cobalt International Energy, Inc.
	20	2.63%, 12/01/2019 β		15
		Concho Resources, Inc.
	5	5.50%, 10/01/2022		5
		Denbury Resources, Inc.
	115	5.50%, 05/01/2022		113
		Diamondback Energy, Inc.
	50	7.63%, 10/01/2021		53
		Everest Acquisition LLC
	60	9.38%, 05/01/2020		66
		Pertamina Persero PT
	200	5.63%, 05/20/2043 ╦§		192
		Petroleos de Venezuela S.A.
	50	6.00%, 11/15/2026 §		25
	40	8.50%, 11/02/2017 §		30
		Rosetta Resources, Inc.
	40	5.63%, 05/01/2021		39
		Tesoro Corp.
	75	5.13%, 04/01/2024		75
		Tesoro Logistics L.P.
	35	5.50%, 10/15/2019 ■		36
	55	6.25%, 10/15/2022 ■		57
		WPX Energy, Inc.
	90	5.25%, 09/15/2024 ☼		88
	75	6.00%, 01/15/2022		78
				1,046
		Pipeline Transportation - 0.1%
		El Paso Corp.
	25	7.00%, 06/15/2017		28
		Energy Transfer Equity L.P.
	40	7.50%, 10/15/2020		46
		Southern Star Central Corp.
	10	5.13%, 07/15/2022 ■		10
				84
		Plastics and Rubber Products Manufacturing - 0.1%
		Associated Materials LLC
	40	9.13%, 11/01/2017		39
		Nortek, Inc.
	50	8.50%, 04/15/2021		54
				93
		Primary Metal Manufacturing - 0.2%
		ArcelorMittal
	15	7.25%, 03/01/2041		15
	25	7.50%, 10/15/2039		27
		United States Steel Corp.
	190	7.38%, 04/01/2020		213
				255
		Printing and Related Support Activities - 0.1%
		Quad Graphics, Inc.
	70	7.00%, 05/01/2022 ■		67
		Professional, Scientific and Technical Services - 0.0%
		Getty Images, Inc.
	60	7.00%, 10/15/2020 ■		46
		Real Estate, Rental and Leasing - 0.3%
		International Lease Finance Corp.
	200	5.88%, 04/01/2019		215
	155	6.25%, 05/15/2019		170
				385
		Retail Trade - 0.5%
		99 Cents Only Stores
	50	11.00%, 12/15/2019		54
		Albertson's Holdings LLC
	50	7.75%, 10/15/2022 ■		49
		Building Materials Corp.
	205	5.38%, 11/15/2024 ■☼		206
		GRD Holding III Corp.
	50	10.75%, 06/01/2019 ■		55
		Group 1 Automotive, Inc.
	55	5.00%, 06/01/2022 ■		54
		Michaels Stores, Inc.
	40	5.88%, 12/15/2020 ■		41
		Party City Holdings, Inc.
	40	8.88%, 08/01/2020		43
		PC Nextco Holdings LLC/PC Nextco Finance, Inc.
	50	8.75%, 08/15/2019		51
		Sotheby's
	125	5.25%, 10/01/2022 §		123
				676
		Soap, Cleaning Compound and Toilet Manufacturing - 0.0%
		Sun Products Corp.
	60	7.75%, 03/15/2021 ■		44
		Transportation Equipment Manufacturing - 0.1%
		Huntington Ingalls Industries, Inc.
	170	7.13%, 03/15/2021		183

The accompanying notes are an integral part of these financial statements.

9

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 16.7% - (continued)
		Utilities - 0.2%
		Dolphin Subsidiary II, Inc.
$	150	7.25%, 10/15/2021	$	160
		National Power Corp.
	70	9.63%, 05/15/2028 ╦		105
		Texas Competitive Electric Holdings Co. LLC
	70	11.50%, 10/01/2020 §Ϫ		56
				321
		Wholesale Trade - 0.0%
		Dynegy, Inc.
	15	7.38%, 11/01/2022 ■		16
	10	7.63%, 11/01/2024 ■		10
				26
		Total Corporate Bonds
		(Cost $24,364)	$	23,675
Foreign Government Obligations - 14.0%
		Angola - 0.2%
		Angola (Republic of)
$	250	7.00%, 08/16/2019 §	$	267
		Argentina - 0.4%
		Argentina (Republic of)
	520	0.00%, 04/17/2017 - 05/07/2024 ●		472
	100	8.75%, 06/02/2017		88
				560
		Armenia - 0.1%
		Armenia (Republic of)
	200	6.00%, 09/30/2020 §		209
		Azerbaijan - 0.3%
		Azerbaijan (Republic of)
	400	4.75%, 03/13/2023 §		397
		Brazil - 1.1%
		Brazil (Federative Republic of)
	400	5.00%, 01/27/2045 ╦		392
	100	5.63%, 01/07/2041 ╦		108
	125	6.00%, 01/17/2017 ╦		137
	19	8.00%, 01/15/2018 ╦		21
	150	8.25%, 01/20/2034 ╦		208
BRL	2,140	9.70%, 09/01/2020 ○	$	555
	100	11.00%, 08/17/2040 ╦		108
				1,529
		Colombia - 0.9%
		Colombia (Republic of)
	200	4.38%, 07/12/2021 ╦		213
	100	6.13%, 01/18/2041 ╦		120
	125	7.38%, 09/18/2037 ╦		169
	290	10.38%, 01/28/2033 ╦		455
	225	11.75%, 02/25/2020 ╦		320
				1,277
		Costa Rica - 0.2%
		Costa Rica (Republic of)
	300	5.63%, 04/30/2043 §		262
		Croatia - 0.1%
		Croatia (Republic of)
	125	6.63%, 07/14/2020		139
		Dominican Republic - 0.2%
		Dominican (Republic of)
DOP	10,000	11.50%, 05/10/2024 ■		233
		Greece - 3.2%
		Greece (Republic of)
EUR	6,615	2.00%, 02/24/2028 - 02/24/2042 §		4,554
				4,554
		Hungary - 0.2%
		Hungary (Republic of)
	200	4.00%, 03/25/2019		205
	75	6.25%, 01/29/2020		84
				289
		Indonesia - 0.9%
		Indonesia (Republic of)
	150	5.88%, 03/13/2020 ╦§		168
	275	6.63%, 02/17/2037 ╦§		321
	100	6.88%, 01/17/2018 ╦§		113
	175	7.75%, 01/17/2038 ╦§		230
IDR	3,400,000	8.38%, 03/15/2024		288
	175	8.50%, 10/12/2035 ╦§		244
				1,364
		Lithuania - 0.3%
		Lithuania (Republic of)
	125	5.13%, 09/14/2017 §		137
	100	6.13%, 03/09/2021 §		117
	150	7.38%, 02/11/2020 §		181
				435
		Mexico - 1.5%
		Mexico (United Mexican States)
	125	3.50%, 01/21/2021		129
	450	3.63%, 03/15/2022		461
MXN	5,809	4.00%, 06/13/2019 ◄		477
	50	5.55%, 01/21/2045		57
	424	5.75%, 10/12/2110		449
	100	6.05%, 01/11/2040		121
	175	6.63%, 03/03/2015		178
	125	6.75%, 09/27/2034		161
	50	8.30%, 08/15/2031		74
				2,107
		Nigeria - 0.3%
		Nigeria (Republic of)
NGN	75,000	13.05%, 08/16/2016		459
		Panama - 0.1%
		Panama (Republic of)
	100	9.38%, 04/01/2029 ╦		149
		Peru - 0.2%
		Peru (Republic of)
	75	6.55%, 03/14/2037 ╦		96
	100	8.38%, 05/03/2016 ╦		111
	85	8.75%, 11/21/2033 ╦		130
				337
		Philippines - 0.3%
		Philippines (Republic of)
	50	9.50%, 10/21/2024 ╦		74
	225	10.63%, 03/16/2025 ╦		356
				430

The accompanying notes are an integral part of these financial statements.

10

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Foreign Government Obligations - 14.0% - (continued)
		Romania - 0.4%
		Romania (Republic of)
$	152	6.13%, 01/22/2044 ╦§	$	178
	318	6.75%, 02/07/2022 ╦§		381
				559
		Russia - 0.9%
		Russia (Federation of)
RUB	11,100	7.50%, 02/27/2019 Δ		237
	524	7.50%, 03/31/2030 §‡		594
	250	12.75%, 06/24/2028 §		412
				1,243
		South Africa - 0.3%
		South Africa (Republic of)
ZAR	4,200	7.75%, 02/28/2023		382
		Turkey - 1.0%
		Turkey (Republic of)
	100	5.63%, 03/30/2021		109
	200	5.75%, 03/22/2024		221
	785	7.38%, 02/05/2025 ‡		970
	100	7.50%, 07/14/2017		113
				1,413
		Ukraine - 0.3%
		Ukraine (Government of)
	225	6.88%, 09/23/2015 §		206
	200	7.80%, 11/28/2022 §		173
				379
		Uruguay - 0.4%
		Uruguay (Republic of)
UYU	8,541	4.25%, 04/05/2027 ◄		379
	45	4.50%, 08/14/2024 ╦		47
	100	5.10%, 06/18/2050 ╦		99
				525
		Venezuela - 0.2%
		Venezuela (Republic of)
	525	7.00%, 03/31/2038 §		302
		Total Foreign Government Obligations
		(Cost $21,240)	$	19,800
Municipal Bonds - 0.4%
		Miscellaneous - 0.4%
		Puerto Rico Government Employees Retirement System
$	855	6.15%, 07/01/2038	$	423
	300	6.20%, 07/01/2039		148
	120	6.55%, 07/01/2058		59
				630
		Total Municipal Bonds
		(Cost $646)	$	630
Senior Floating Rate Interests ♦ - 28.6%
		Accommodation and Food Services - 0.2%
		Hilton Worldwide Holdings, Inc.
$	224	3.50%, 10/26/2020	$	222
		Administrative, Support, Waste Management and Remediation Services - 1.8%
		Acosta Holdco, Inc.
	285	5.00%, 09/26/2021		285
		Brickman Group Holdings, Inc.
	728	4.00%, 12/18/2020		715
		Ipreo Holdings LLC
	160	4.25%, 08/06/2021		156
		PRA Holdings, Inc.
	995	4.50%, 09/23/2020		981
		ServiceMaster (The) Co.
	348	4.25%, 07/01/2021		345
				2,482
		Agriculture, Forestry, Fishing and Hunting - 0.3%
		U.S. Ecology, Inc.
	374	3.75%, 06/17/2021		372
		Arts, Entertainment and Recreation - 1.6%
		24 Hour Fitness Worldwide, Inc.
	264	4.75%, 05/28/2021		264
		Aristocrat Leisure Ltd.
	295	4.75%, 10/20/2021		293
		Formula One Holdings
	1,048	4.75%, 07/30/2021		1,039
	200	7.75%, 07/29/2022		199
		Scientific Games International, Inc.
	180	6.00%, 10/01/2021		176
		Templar Energy
	100	8.50%, 11/25/2020		90
		Univision Communications, Inc.
	274	4.00%, 03/01/2020		271
				2,332
		Beverage and Tobacco Product Manufacturing - 0.2%
		DE Master Blenders 1753 N.V.
	265	3.50%, 07/23/2021		262
		Chemical Manufacturing - 1.1%
		Exopack LLC
	352	5.25%, 05/08/2019		353
		Ferro Corp.
	225	4.00%, 07/30/2021		221
		Ineos US Finance LLC
	398	3.75%, 05/04/2018		393
		PQ Corp.
	398	4.00%, 08/07/2017		393
		Solenis International L.P.
	225	4.25%, 07/31/2021		222
				1,582
		Computer and Electronic Product Manufacturing - 1.4%
		CDW LLC
	473	3.25%, 04/29/2020		462
		Ceridian LLC
	147	4.12%, 05/09/2017		147
	153	4.50%, 05/09/2017		152
		Freescale Semiconductor, Inc.
	497	4.25%, 02/28/2020		490
		Vantiv LLC
	788	3.75%, 06/13/2021		781
				2,032
		Finance and Insurance - 2.0%
		Asurion LLC
	249	4.25%, 07/08/2020		245

The accompanying notes are an integral part of these financial statements.

11

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 28.6% - (continued)
		Finance and Insurance - 2.0% - (continued)
		Chrysler Group LLC
$	821	3.50%, 05/24/2017	$	816
		EFS Cogen Holdings I LLC
	299	3.75%, 12/17/2020		296
		Interactive Data Corp.
	509	4.75%, 05/02/2021		508
		ION Trading Technologies Ltd.
	240	7.25%, 06/10/2022		236
		Sedgwick CMS Holdings, Inc.
	463	3.75%, 03/01/2021		449
		Walter Investment Management Corp.
	358	4.75%, 12/18/2020		337
				2,887
		Food Manufacturing - 1.1%
		Burger King Co.
	210	4.50%, 10/27/2021		210
		Dole Food Co., Inc.
	338	4.50%, 11/01/2018		336
		Roundy's Supermarkets, Inc.
	378	5.75%, 03/03/2021		336
		U.S. Foodservice, Inc.
	746	4.50%, 03/31/2019		743
				1,625
		Furniture and Related Product Manufacturing - 0.3%
		AOT Bedding Super Holdings LLC
	484	4.25%, 10/01/2019		479
		Health Care and Social Assistance - 2.5%
		AmSurg Corp.
	613	3.75%, 07/16/2021		608
		Catalent Pharma Solutions, Inc.
	464	4.50%, 05/20/2021		463
		DaVita HealthCare Partners, Inc.
	903	3.50%, 06/24/2021		894
		HCA, Inc.
	398	2.98%, 05/01/2018		396
		Healogics, Inc.
	160	5.25%, 07/01/2021		159
		IMS Health, Inc.
	388	3.50%, 03/17/2021		383
		One Call Medical, Inc.
	209	5.00%, 11/27/2020		208
		Ortho-Clinical Diagnostics, Inc.
	239	4.75%, 06/30/2021		237
		STHI Holding Corp.
	105	4.50%, 08/06/2021		104
		Surgery Center Holdings, Inc.
	145	5.25%, 07/24/2020 ☼		145
				3,597
		Health Care Providers and Services - 0.5%
		Multiplan, Inc.
	669	4.00%, 03/31/2021		658
		Information - 4.3%
		Cabovisao-Televisao Por Cabo S.A.
	696	5.50%, 07/02/2019		700
		Charter Communications Operating LLC
	298	3.00%, 01/03/2021		293
	205	4.25%, 09/10/2021		206
		Emdeon, Inc.
	359	3.75%, 11/02/2018		356
		First Data Corp.
	1,240	3.65%, 03/23/2018		1,228
		Gray Television, Inc.
	170	3.75%, 06/13/2021		167
		Intelsat Jackson Holdings S.A.
	400	3.75%, 06/30/2019		396
		Kronos, Inc.
	899	4.50%, 10/30/2019		895
		Level 3 Communications, Inc.
	300	4.00%, 08/01/2019		298
		Level 3 Financing, Inc.
	235	4.50%, 01/31/2022 ☼		236
		Novell, Inc.
	505	7.25%, 11/22/2017		505
		Peak 10, Inc.
	125	5.00%, 06/17/2021		124
		RedPrairie Corp.
	320	6.00%, 12/21/2018		310
		West Corp.
	220	3.25%, 06/30/2018		216
		Zayo Group LLC
	129	4.00%, 07/02/2019		128
				6,058
		Mining - 1.2%
		American Rock Salt Holdings LLC
	489	4.75%, 05/20/2021		484
		Arch Coal, Inc.
	522	6.25%, 05/16/2018		460
		BWAY Holding Co.
	224	5.50%, 08/14/2020		225
		Fortescue Metals Group Ltd.
	497	3.75%, 06/30/2019		485
				1,654
		Miscellaneous Manufacturing - 1.0%
		Hamilton Sundstrand Corp.
	471	4.00%, 12/13/2019		463
		Reynolds Group Holdings, Inc.
	647	4.00%, 11/30/2018		643
		TransDigm Group, Inc.
	324	3.75%, 06/04/2021		318
				1,424
		Motor Vehicle and Parts Manufacturing - 0.5%
		SRAM LLC
	688	4.01%, 04/10/2020		674
		Other Services - 0.7%
		Apex Tool Group LLC
	224	4.50%, 01/31/2020		212
		Gardner Denver, Inc.
	406	4.25%, 07/30/2020		400
		Husky Injection Molding Systems Ltd.
	219	4.25%, 06/30/2021		216
		Husky International Ltd.
	135	7.25%, 06/30/2022		132
				960
		Petroleum and Coal Products Manufacturing - 2.0%
		American Energy-Marcellus LLC
	375	5.25%, 08/04/2020		365

The accompanying notes are an integral part of these financial statements.

12

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 28.6% - (continued)
		Petroleum and Coal Products Manufacturing - 2.0% - (continued)
		Drillships Ocean Ventures, Inc.
$	190	5.50%, 07/25/2021	$	182
		Pacific Drilling S.A.
	444	4.50%, 06/03/2018		425
		Paragon Offshore Finance Co.
	465	3.75%, 07/16/2021		435
		Samson Investment Co.
	410	5.00%, 09/25/2018		377
		Seadrill Ltd.
	925	4.00%, 02/21/2021		873
		Seventy Seven Energy, Inc.
	170	3.75%, 06/25/2021		165
				2,822
		Pipeline Transportation - 0.3%
		EP Energy LLC
	426	4.50%, 04/30/2019		423
		Plastics and Rubber Products Manufacturing - 0.6%
		Berry Plastics Group, Inc.
	488	3.75%, 01/06/2021		480
		Consolidated Container Co.
	323	5.00%, 07/03/2019		319
				799
		Professional, Scientific and Technical Services - 0.4%
		Advantage Sales & Marketing, Inc.
	550	4.25%, 07/23/2021		545
		Real Estate, Rental and Leasing - 0.3%
		International Lease Finance Corp.
	345	3.50%, 03/06/2021		343
		Neff Corp.
	125	7.25%, 06/09/2021		125
				468
		Retail Trade - 2.6%
		Albertson's LLC
	440	4.50%, 08/25/2021 ☼		440
		American Tire Distributors, Inc.
	124	5.75%, 06/01/2018		124
		BJ's Wholesale Club, Inc.
	448	4.50%, 09/26/2019		443
		Hillman (The) Cos., Inc.
	200	4.50%, 06/30/2021		198
		Lands' End, Inc.
	433	4.25%, 04/04/2021		422
		Mauser-Werke GmbH
	100	4.50%, 07/31/2021		99
		Metaldyne Performance Group, Inc.
	195	4.50%, 10/20/2021 ☼		195
		Michaels Stores, Inc.
	770	4.00%, 01/28/2020		760
		Neiman Marcus (The) Group, Inc.
	796	4.25%, 10/25/2020		785
		Rite Aid Corp.
	275	4.88%, 06/21/2021		274
				3,740
		Truck Transportation - 0.4%
		Nexeo Solutions LLC
	298	5.00%, 09/09/2017		294
		Swift Transportation Co., Inc.
	224	3.75%, 06/09/2021		222
				516
		Utilities - 0.8%
		Energy Future Holdings
	315	4.25%, 06/19/2016		314
		La Frontera Generation LLC
	190	4.50%, 09/30/2020		189
		NRG Energy, Inc.
	398	2.75%, 07/01/2018		391
		Texas Competitive Electric Holdings Co. LLC
	254	3.75%, 05/05/2016		255
				1,149
		Wholesale Trade - 0.5%
		Gates Global LLC
	785	4.25%, 07/05/2021		775
		Total Senior Floating Rate Interests
		(Cost $41,130)	$	40,537
U.S. Government Agencies - 8.6%
		FHLMC - 1.5%
$	200	3.00%, 11/15/2044 ☼,Ð	$	200
	800	4.00%, 11/15/2044 ☼,Ð		849
	600	4.50%, 11/15/2044 ☼,Ð		650
	400	5.00%, 11/15/2044 ☼,Ð		442
				2,141
		FNMA - 5.4%
	2,300	3.00%, 11/15/2029 - 11/15/2044 ☼,Ð		2,323
	200	3.50%, 11/15/2029 ☼,Ð		211
	2,700	4.00%, 11/15/2029 - 11/15/2044 ☼,Ð		2,867
	1,400	4.50%, 11/15/2044 ☼,Ð		1,517
	400	5.00%, 11/15/2044 ☼,Ð		443
	200	5.50%, 11/15/2044 ☼,Ð		223
				7,584
		GNMA - 1.7%
	100	3.00%, 11/15/2044 ☼,Ð		102
	900	3.50%, 11/15/2044 ☼,Ð		941
	400	4.00%, 11/15/2044 ☼,Ð		428
	900	4.50%, 11/15/2044 ☼,Ð		982
				2,453
		Total U.S. Government Agencies
		(Cost $12,148)	$	12,178
Common Stocks - 26.0%
		Banks - 1.0%
	28	Banco Santander Central Hispano S.A. ╦	$	244
	20	Banco Santander S.A.Rights		4
	134	Bank of China Ltd. ╦		64
	69	Bank of Communications Co.		51
	1	Canadian Imperial Bank of Commerce		60
	375	China CITIC Bank ╦		244
	1	Industrial Bank of Korea ╦		17
	13	National Bank of Canada ‡		621
	11	New York Community Bancorp, Inc. ╦		172
				1,477

The accompanying notes are an integral part of these financial statements.

13

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 26.0% - (continued)
		Capital Goods - 0.6%
	26	Asahi Glass Co., Ltd. ╦	$	134
	17	Mitsui & Co., Ltd. ╦		251
	41	Sumitomo Corp. ╦		440
	1	Vinci S.A. ╦		73
				898
		Commercial and Professional Services - 0.2%
	32	Dai Nippon Printing Co., Ltd. ╦		315
		Consumer Durables and Apparel - 0.2%
	7	Coach, Inc. ╦		243
		Energy - 7.0%
	51	BP plc ╦		369
	8	BreitBurn Energy Partners L.P. ╦		141
	2	Buckeye Partners L.P. ╦		172
	40	CNOOC Ltd.		62
	—	ConocoPhillips Holding Co. ╦		8
	11	Crestwood Midstream Partners L.P. ╦		212
	3	Delek Logistics Partners L.P. ╦		133
	10	Enbridge Energy Partners L.P. ╦		369
	4	Enbridge, Inc. ╦		189
	15	Energy Transfer Partners L.P. ‡		975
	11	Ensco plc ╦		455
	24	Enterprise Products Partners L.P. ‡		880
	3	Inter Pipeline Ltd.		91
	20	Kinder Morgan, Inc. ‡		790
	—	Lukoil ADR		17
	4	Magellan Midstream Partners L.P. ╦		360
	1	Marathon Petroleum Corp.		55
	7	MarkWest Energy Partners L.P. ╦		484
	5	NGL Energy Partners L.P. ╦		189
	1	Occidental Petroleum Corp. ╦		99
	7	ONEOK Partners L.P. ╦		354
	4	Pembina Pipeline Corp. ╦		152
	5	Plains All American Pipeline L.P. ╦		309
	10	PTT Public Co., Ltd.		111
	21	Repsol S.A. ╦		479
	14	Royal Dutch Shell plc Class B ╦		507
	2	Seadrill Ltd.		55
	6	Tallgrass Energy Partners L.P. ╦		274
	6	Targa Resources Partners L.P. ╦		349
	3	Teekay Shipping Corp. ╦		159
	4	Transcanada Corp. ╦		197
	37	Veresen, Inc. ‡		576
	5	Viper Energy Partners L.P. ●		106
	5	Williams Cos., Inc. ╦		266
	1	Woodside Petroleum Ltd.		46
				9,990
		Food and Staples Retailing - 0.2%
	3	Wal-Mart Stores, Inc. ╦		236
		Food, Beverage and Tobacco - 0.2%
	13	British American Tobacco Malaysia Bhd ╦		277
	—	Bunge Ltd. Finance Corp.		9
				286
		Health Care Equipment and Services - 0.1%
	—	Aetna, Inc. ╦		22
	—	Humana, Inc. ╦		24
	1	Wellpoint, Inc. ╦		109
				155
		Insurance - 1.6%
	1	Baloise Holding AG		75
	1	CNA Financial Corp.		47
	11	CNP Assurances ╦		208
	13	Direct Line Insurance Group plc ☼		55
	—	Hannover Rueck SE		7
	2	Scor SE		66
	14	Suncorp-Metway Ltd. ╦		176
	8	Swiss Re Ltd. ‡		608
	13	Talanx AG ╦		433
	2	Zurich Financial Services AG ‡		615
				2,290
		Materials - 0.6%
	—	CF Industries Holdings, Inc.		52
	6	First Quantum Minerals Ltd.		86
	6	Kumba Iron Ore Ltd. ╦		153
	2	LyondellBasell Industries Class A ╦		147
	26	Mitsubishi Chemical Holdings		129
	6	MMC Norilsk Nickel OJSC ADR ☼		104
	23	PETRONAS Chemicals Group Berhad		43
	7	Severstal GDR §☼		74
				788
		Media - 0.6%
	15	British Sky Broadcasting Group plc		213
	4	Comcast Corp. Class A ╦		198
	70	John Fairfax Holdings Ltd.		50
	4	Liberty Global plc ●╦		161
	6	SES Global ╦		192
				814
		Pharmaceuticals, Biotechnology and Life Sciences - 1.6%
	1	AbbVie, Inc.		44
	2	AstraZeneca plc ☼		117
	10	Eli Lilly & Co. ‡		662
	6	Johnson & Johnson ‡		661
	—	Otsuka Holdings Co., Ltd. ╦		18
	7	Pfizer, Inc. ╦		215
	7	Teva Pharmaceutical Industries Ltd. ADR ╦		395
	1	United Therapeutics Corp. ●		92
				2,204
		Real Estate - 2.8%
	28	American Capital Agency Corp. ‡		639
	19	Annaly Capital Management, Inc. ╦		213
	192	Chimera Investment Corp. REIT ‡		600
	1,204	Evergrande Real Estate Group Ltd. ╦		463
	11	HongKong Land Holdings Ltd.		76
	8	Link (The) REIT		48
	76	MFA Mortgage Investments, Inc. REIT ‡		634
	41	New World Development Co., Ltd.		52
	212	Sino Land Co., Ltd. ╦		350
	1	Sun Hung Kai Properties Ltd.		22
	11	Swire Pacific Ltd. ╦		142
	15	Swire Properties Ltd.		49
	59	Two Harbors Investment Corp. REIT ‡		602
	4	Wheelock & Co., Ltd.		21
				3,911

The accompanying notes are an integral part of these financial statements.

14

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 26.0% - (continued)
		Retailing - 0.6%
	1	Expedia, Inc.	$	119
	3	Foot Locker, Inc. ╦		157
	1	Gap, Inc.		42
	9	Kohl's Corp. ╦		494
	1	Macy's, Inc.		46
	—	Ulta Salon, Cosmetics & Fragrances, Inc. ●		48
				906
		Semiconductors and Semiconductor Equipment - 0.1%
	3	Intel Corp.		88
		Software and Services - 0.0%
	—	Microsoft Corp.		9
		Technology Hardware and Equipment - 1.0%
	4	Apple, Inc. ╦		478
	58	Asustek Computer, Inc. ‡		596
	7	Cisco Systems, Inc. ╦		168
	39	Gigabyte Technology Co., Ltd.		45
	2	Qualcomm, Inc. ╦		195
				1,482
		Telecommunication Services - 3.9%
	15	AT&T, Inc. ╦		525
	6	BCE, Inc. ╦		280
	18	Belgacom S.A. ‡		663
	468	Bezeq Israeli Telecommunication Corp., Ltd. ‡		800
	16	CenturyLink, Inc. ‡		669
	31	DiGi.com Berhad		58
	7	Elisa Oyj ╦		191
	25	Frontier Communications Co. ╦		162
	7	Hellenic Telecommunications Organization S.A. ●╦		75
	212	HKT Trust and HKT Ltd. ╦		258
	9	Kcell JSC ╦§		124
	36	Koninklijke (Royal) KPN N.V.		120
	—	Nippon Telegraph & Telephone Corp.		22
	9	NTT DoCoMo, Inc. ╦		149
	76	PCCW Ltd.		48
	514	Safaricom Ltd.		70
	34	Singapore Telecommunications Ltd. ╦		100
	—	SK Telecom Co., Ltd.		112
	—	Swisscom AG ╦		108
	24	TDC AS ╦		183
	2	Telekom Malaysia Berhad		4
	10	Telenor ASA ╦		226
	19	Telia Ab ╦		132
	10	Telstra Corp., Ltd.		50
	3	Telus Corp. ╦		122
	33	Total Access Communication Public Co., Ltd.		106
	2	Verizon Communications, Inc. ╦		105
	4	Windstream Holdings, Inc.		46
				5,508
		Transportation - 0.5%
	5	Abertis Infraestructuras S.A. ╦		109
	4	Air New Zealand Ltd.		7
	324	Hutchinson Port Holdings Trust Θ		219
	7	West Japan Railway Co. ╦		349
				684
		Utilities - 3.2%
	23	CESP - Companhia Energetica de Sao Paulo ╦		231
	5	CEZ AS ●		146
	26	Cheung Kong Infrastructure Holdings Ltd. ╦		190
	10	Cia de Saneamento Basico do Estado de Sao Paulo ADR ╦		81
	30	Companhia Energetica de Minas Gerais ╦		174
	2	Consolidated Edison, Inc. ╦		148
	2	DTE Energy Co. ╦		165
	2	Duke Energy Corp. ╦		152
	3	E.On SE ╦		47
	8	Electrica S.A. ■●		111
	10	Endesa S.A. ╦		199
	8	Entergy Corp. ‡		644
	—	Exelon Corp.		8
	21	GDF Suez ╦		508
	190	Guangdong Investment Ltd. ╦		250
	16	Iberdrola S.A. ╦		116
	12	National Grid plc ╦		175
	3	PG&E Corp. ╦		154
	6	PGE S.A.		41
	4	Pinnacle West Capital Corp. ╦		234
	28	Snam S.p.A. ╦		150
	2	Southern Co. ╦		97
	8	SSE plc ╦		193
	8	Suez Environment S.A. ╦		143
	4	UGI Corp. ╦		134
				4,491
		Total Common Stocks
		(Cost $37,382)	$	36,775
Preferred Stocks - 0.1%
		Media - 0.1%
	4	ProSieben Sat.1 Media AG ☼	$	143
		Total Preferred Stocks
		(Cost $147)	$	143
		Total Long-Term Investments Excluding Purchased Options
		(Cost $152,616)	$	149,018
Short-Term Investments - 2.2%
Repurchase Agreements - 2.2%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $9, collateralized by U.S. Treasury Note 1.50%, 2019, value of $9)
$	9	0.08%, 10/31/2014	$	9
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $148, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $151)
	148	0.09%, 10/31/2014		148

The accompanying notes are an integral part of these financial statements.

15

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Short-Term Investments - 2.2% - (continued)
		Repurchase Agreements - 2.2% - (continued)
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $40, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $41)
$	40	0.08%, 10/31/2014			$	40
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $135, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $138)
	135	0.10%, 10/31/2014				135
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $509, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $519)
	509	0.08%, 10/31/2014				509
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $585, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $597)
	585	0.09%, 10/31/2014				585
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $34, collateralized by U.S. Treasury Note 0.88%, 2017, value of $34)
	34	0.13%, 10/31/2014				34
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $50, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $51)
	50	0.07%, 10/31/2014				50
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $524, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $534)
	523	0.08%, 10/31/2014				523
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,015, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $1,035)
	1,014	0.10%, 10/31/2014				1,014
						3,047
		Total Short-Term Investments
		(Cost $3,047)			$	3,047
		Total Investments Excluding Purchased Options
		(Cost $155,663)	107.4	%	$	152,065
		Total Purchased Options
		(Cost $68)	–	%		65
		Total Investments
		(Cost $155,731) ▲	107.4	%	$	152,130
		Other Assets and Liabilities	(7.4	)%		(10,546	)
		Total Net Assets	100.0	%	$	141,584

The accompanying notes are an integral part of these financial statements.

16

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $155,711 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	1,587
Unrealized Depreciation		(5,168	)
Net Unrealized Depreciation	$	(3,581	)

╬	All principal amounts are in U.S. dollars unless otherwise indicated.
●	Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.
Ϫ	The issuer is in bankruptcy. The investment held by the Fund has made partial interest payments.
Δ	Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.
○	The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.
◄	The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.
♦	Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown.  Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.
■	Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $5,937, which represents 4.2% of total net assets.
§	These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $18,569, which represents 13.1% of total net assets.
β	Convertible security.
♠	Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.
Þ	This security may pay interest in the form of additional principal in lieu of cash.
Ð	Represents or includes a TBA transaction.
☼	This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $13,724 at October 31, 2014.
‡	This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.
╦	This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.
Θ	This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

The accompanying notes are an integral part of these financial statements.

17

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Cash and securities pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received *
OTC option and/or OTC swap contracts	$	540	$	491
Exchange traded options contracts		210		–
Futures contracts		127		–
Centrally cleared swaps contracts		674		–
Total	$	1,551	$	491

*  Securities valued at $176, held on behalf of the Fund at the custodian bank, were designated by broker(s) as collateral in connection with OTC option and/or OTC swap contracts.

Exchange Traded Option Contracts Outstanding at October 31, 2014

Description

Risk Exposure Category

Exercise Price/ FX Rate/ Rate

Expiration Date

Number of Contracts *

Market Value ╪

Premiums Paid by Fund

Unrealized Appreciation (Depreciation)

Purchased option contracts:

Calls

TransCanada Corp. Option

EQ

55.00  USD

01/17/15

USD

250

$

21

$

24

$

(3

)

* The number of contracts does not omit 000's.

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Paid by Fund		Unrealized Appreciation (Depreciation)
Purchased Option contracts:
Calls
BRL Call/USD Put	JPM	FX	2.43 BRL per USD	09/28/15	BRL	600,000	$	2	$	4	$	(2	)
INR Call/USD Put	BOA	FX	62.55 INR per USD	01/16/15	INR	40,000,000		11		11		–
MXN Call/USD Put	JPM	FX	13.61 MXN per USD	01/15/15	MXN	7,735,248		10		11		(1	)
RUB Call/USD Put	GSC	FX	36.97 RUB per USD	09/02/15	RUB	9,000,000		–		3		(3	)
TRY Call/USD Put	JPM	FX	2.31 TRY per USD	01/19/15	TRY	1,500,000		21		15		6
Total Calls						58,835,248	$	44	$	44	$	–
Total purchased option contracts						58,835,248	$	44	$	44	$	–

*  The number of contracts does not omit 000's.

OTC Swaption Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received by Fund		Unrealized Appreciation (Depreciation)
Written swaption contracts:
Calls
Credit Default Swaption ITRAXX.22	MSC	CR	0.70%	11/19/14	EUR	19,205,000	$	77	$	74	$	(3	)
Credit Default Swaption ITRAXX.22	BNP	CR	0.70%	11/19/14	EUR	18,780,000		75		58		(17	)
Total Calls						37,985,000	$	152	$	132	$	(20	)
Puts
Credit Default Swaption ITRAXX.22	MSC	CR	0.70%	11/19/14	EUR	19,205,000	$	25	$	56	$	31
Credit Default Swaption ITRAXX.22	BNP	CR	0.70%	11/19/14	EUR	18,780,000		25		58		33
Total Puts						37,985,000	$	50	$	114	$	64
Total written swaption contracts						75,970,000	$	202	$	246	$	44

* The number of contracts does not omit 000’s.

The accompanying notes are an integral part of these financial statements.

18

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts Outstanding at October 31, 2014

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
U.S. Treasury 5-Year Note Future		17	12/31/2014	$	2,032	$	2,030	$	–	$	(2	)	$	–	$	(3	)
U.S. Treasury CME Ultra Long Term Bond Future		9	12/19/2014		1,427		1,412		–		(15	)		–		(5	)
U.S. Treasury Long Bond Future		15	12/19/2014		2,114		2,116		2		–			–		(7	)
Total								$	2	$	(17	)	$	–	$	(15	)
Short position contracts:
90-Day Eurodollar Future		28	12/14/2015	$	6,945	$	6,941	$	4	$	–		$	3	$	–
U.S. Treasury 10-Year Note Future		89	12/19/2014		11,280		11,246		34		–			9		–
U.S. Treasury 5-Year Note Future		72	12/31/2014		8,597		8,599		–		(2	)		–		(2	)
Total								$	38	$	(2	)	$	12	$	(2	)
Total futures contracts								$	40	$	(19	)	$	12	$	(17	)

* The number of contracts does not omit 000's.

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied	Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)	Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices:
Buy protection:
ABX.HE.AAA.06-1	JPM	USD	10	(0.18)%	07/25/45	$	–	$	–		$	–		$	–	$	–
ABX.HE.AAA.06-2	CSI	USD	127	(0.11)%	05/25/46		25		–			25			–		–
ABX.HE.AAA.06-2	MSC	USD	163	(0.11)%	05/25/46		34		–			33			–		(1	)
ABX.HE.AAA.07	MSC	USD	441	(0.09)%	08/25/37		115		–			115			–		–
ABX.HE.AAA.07-1	GSC	USD	387	(0.09)%	08/25/37		98		–			101			3		–
ABX.HE.AAA.07-1	MSC	USD	471	(0.09)%	08/25/37		116		–			122			6		–
CMBX.NA.A.7	JPM	USD	170	(2.00)%	01/17/47		–		(3	)		–			3		–
CMBX.NA.AA.2	CSI	USD	578	(0.15)%	03/15/49		161		–			187			26		–
CMBX.NA.AA.7	CSI	USD	230	(1.50)%	01/17/47		–		–			–			–		–
CMBX.NA.AA.7	CSI	USD	630	(1.50)%	01/17/47		–		(5	)		2			7		–
CMBX.NA.AJ.1	JPM	USD	255	(0.84)%	10/12/52		5		–			6			1		–
CMBX.NA.AJ.2	JPM	USD	238	(1.09)%	03/15/49		18		–			20			2		–
CMBX.NA.AJ.4	CSI	USD	60	(0.96)%	02/17/51		12		–			12			–		–
CMBX.NA.AJ.4	CSI	USD	284	(0.96)%	02/17/51		54		–			55			1		–
CMBX.NA.AJ.4	GSC	USD	264	(0.96)%	02/17/51		46		–			52			6		–
CMBX.NA.AJ.4	JPM	USD	647	(0.96)%	02/17/51		118		–			126			8		–
CMBX.NA.AJ.4	MSC	USD	169	(0.96)%	02/17/51		36		–			34			–		(2	)
CMBX.NA.AM.2	JPM	USD	1,025	(0.50)%	03/15/49		13		–			13			–		–
CMBX.NA.AM.4	JPM	USD	155	(0.50)%	02/17/51		6		–			6			–		–
CMBX.NA.AS.6	CSI	USD	385	(1.00)%	05/11/63		1		–			4			3		–
CMBX.NA.AS.7	CSI	USD	190	(1.00)%	01/17/47		1		–			3			2		–
Total						$	859	$	(8	)	$	916		$	68	$	(3	)
Sell protection:
CDX.EM.22	CBK	USD	2,025	1.00%	12/20/19	$	–	$	(150	)	$	(131	)	$	19	$	–
CMBX.NA.A.2	BOA	USD	97	0.25%	03/15/49		–		(57	)		(63	)		–		(6	)
CMBX.NA.AAA.6	BCLY	USD	12,150	0.50%	05/11/63		–		(177	)		(237	)		–		(60	)
CMBX.NA.AAA.6	BOA	USD	80	0.50%	05/11/63		–		(3	)		(2	)		1		–
CMBX.NA.AAA.6	CSI	USD	3,105	0.50%	05/11/63		–		(52	)		(61	)		–		(9	)
CMBX.NA.BB.6	BCLY	USD	55	5.00%	05/11/63		–		–			–			–		–
CMBX.NA.BB.6	CSI	USD	280	5.00%	05/11/63		–		(1	)		–			1		–
CMBX.NA.BB.6	CSI	USD	1,075	5.00%	05/11/63		15		–			(2	)		–		(17	)
CMBX.NA.BB.6	CSI	USD	55	5.00%	05/11/63		–		–			–			–		–
CMBX.NA.BB.7	BCLY	USD	45	5.00%	01/17/47		–		(1	)		(1	)		–		–
CMBX.NA.BB.7	BOA	USD	105	5.00%	01/17/47		–		(4	)		(3	)		1		–
CMBX.NA.BB.7	CBK	USD	45	5.00%	01/17/47		–		(1	)		(1	)		–		–
CMBX.NA.BB.7	CSI	USD	110	5.00%	01/17/47		–		(6	)		(3	)		3		–

The accompanying notes are an integral part of these financial statements.

19

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014 - (continued)

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied	Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)	Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices: - (continued)
Sell protection: - (continued)
CMBX.NA.BB.7	DEUT	USD	70	5.00%	01/17/47	$	–	$	(2	)	$	(2	)	$	–	$	–
CMBX.NA.BB.7	JPM	USD	625	5.00%	01/17/47		1		–			(12	)		–		(13	)
CMBX.NA.BBB-.7	CSI	USD	213	3.00%	01/17/47		–		(1	)		(4	)		–		(3	)
PrimeX.ARM.2	JPM	USD	343	4.58%	12/25/37		12		–			11			–		(1	)
PrimeX.FRM.1	JPM	USD	44	4.42%	07/25/36		5		–			5			–		–
Total						$	33	$	(455	)	$	(506	)	$	25	$	(109	)
Total traded indices						$	892	$	(463	)	$	410		$	93	$	(112	)
Credit default swaps on single-name issues:
Sell protection:
Bank of America Corp.	BCLY	USD	500	1.00% / 0.63%	06/20/19	$	7	$	–		$	8		$	1	$	–
Bank of America Corp.	GSC	USD	1,425	1.00% / 0.66%	09/20/19		24		–			23			–		(1	)
Citigroup, Inc.	GSC	USD	1,425	1.00% / 0.67%	09/20/19		25		–			22			–		(3	)
Citigroup, Inc.	GSC	USD	500	1.00% / 0.63%	06/20/19		7		–			8			1		–
Goldman Sachs Group, Inc.	BCLY	USD	250	1.00% / 0.75%	06/20/19		2		–			3			1		–
Goldman Sachs Group, Inc.	CSI	USD	725	1.00% / 0.79%	09/20/19		11		–			7			–		(4	)
Morgan Stanley	BCLY	USD	725	1.00% / 0.76%	09/20/19		11		–			8			–		(3	)
Morgan Stanley	GSC	USD	250	1.00% / 0.72%	06/20/19		3		–			3			–		–
Total						$	90	$	–		$	82		$	3	$	(11	)
						$	982	$	(463	)	$	492		$	96	$	(123	)

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

	Clearing	Notional		(Pay)/ Receive Fixed	Expiration				Market			Unrealized Appreciation/ (Depreciation)					Variation Margin
Reference Entity	House (a)	Amount (b)		Rate	Date	Cost Basis			Value ╪			Asset		Liability			Asset		Liability
Credit default swaps on indices:
Buy protection:
CDX.NA.IG.23	CME	USD	3,765	(1.00)%	12/20/19	$	(57	)	$	(66	)	$	–	$	(9	)	$	–	$	(3	)
ITRAXX.EUR.22	ICE	EUR	4,855	(1.00)%	12/20/19		(96	)		(107	)		–		(11	)		–		(9	)
ITRAXX.XOV.22	ICE	EUR	2,650	(5.00)%	12/20/19		(208	)		(213	)		–		(5	)		–		(13	)
Total						$	(361	)	$	(386	)	$	–	$	(25	)	$	–	$	(25	)
Sell protection:
CDX.NA.HY.22	CME	USD	8,207	5.00%	06/20/19	$	575		$	615		$	40	$	–		$	28	$	–
CDX.NA.HY.23	CME	USD	3,050	5.00%	12/20/19		200			213			13		–			12		–
Total						$	775		$	828		$	53	$	–		$	40	$	–
Total traded indices						$	414		$	442		$	53	$	(25	)	$	40	$	(25	)

(a) The FCM to the contracts is MSC.

(b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

The accompanying notes are an integral part of these financial statements.

20

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Total Return Swap Contracts Outstanding at October 31, 2014

Notional

Payments received

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Reference Entity

Counterparty

Amount

(paid) by Fund

Date

Paid

Received

Value ╪

Asset

Liability

JPM CORP EMBI †

JPM

USD

2,925

3M LIBOR - 1.00%

12/24/14

$

–

$

–

$

(9

)

$

–

$

(9

)

JPM EMBI Plus

JPM

USD

10,225

3M LIBOR + 0.95%

12/24/14

–

–

(149

)

–

(149

)

Total

$

–

$

–

$

(158

)

$

–

$

(158

)

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Company's Board of Directors. At October 31, 2014, the aggregate market value of these securities was $(9), which rounds to zero percent of total net assets.

TBA Sale Commitments Outstanding at October 31, 2014

Description	Principal Amount		Maturity Date	Market Value ╪		Unrealized Appreciation/ Depreciation
FNMA, 3.50%	$	2,600	11/15/2044	$	2,689	$	(11	)
GNMA, 3.00%		500	11/15/2044		509		2
Total				$	3,198	$	(9	)

At October 31, 2014, the aggregate market value of these securities represents 2.3% of total net assets.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

EUR

Buy

11/04/2014

CBK

$

67

$

66

$

–

$

(1

)

EUR

Buy

12/17/2014

DEUT

20

19

–

(1

)

EUR

Buy

11/28/2014

GSC

13

13

–

–

EUR

Buy

12/17/2014

HSBC

283

283

–

–

EUR

Sell

12/17/2014

BCLY

283

281

2

–

EUR

Sell

09/18/2015

CBK

194

188

6

–

EUR

Sell

12/17/2014

DEUT

2,052

1,987

65

–

EUR

Sell

11/04/2014

HSBC

283

283

–

–

EUR

Sell

11/28/2014

JPM

3,554

3,516

38

–

EUR

Sell

12/17/2014

TDS

4,851

4,817

34

–

GBP

Buy

11/04/2014

BNY

113

112

–

(1

)

GBP

Sell

11/28/2014

CBK

147

147

–

–

GBP

Sell

12/17/2014

RBS

789

777

12

–

INR

Buy

12/17/2014

CBK

1,364

1,357

–

(7

)

RSD

Buy

09/18/2015

CBK

182

178

–

(4

)

ZAR

Sell

11/04/2014

NAB

350

345

5

–

Total

$

162

$

(14

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

21

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
BCLY	Barclays
BNP	BNP Paribas Securities Services
BNY	BNY Mellon
BOA	Banc of America Securities LLC
CBK	Citibank NA
CME	Chicago Mercantile Exchange
CSI	Credit Suisse International
DEUT	Deutsche Bank Securities, Inc.
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
ICE	Intercontinental Exchange
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
NAB	National Australia Bank Limited
RBS	RBS Greenwich Capital
TDS	TD Securities, Inc.
Currency Abbreviations:
BRL	Brazilian Real
DOP	Dominican Peso
EUR	EURO
GBP	British Pound
IDR	Indonesian New Rupiah
INR	Indian Rupee
MXN	Mexican New Peso
NGN	Nigerian Naira
RSD	Serbian Dinar
RUB	Russian New Ruble
TRY	Turkish New Lira
USD	U.S. Dollar
UYU	Uruguayan Peso
ZAR	South African Rand
Index Abbreviations:
ABX.HE	Markit Asset Backed Security Home Equity
CDX.EM	Credit Derivatives Emerging Markets
CDX.NA.HY	Credit Derivatives North American High Yield
CDX.NA.IG	Credit Derivatives North American Investment Grade
CMBX.NA	Markit Commercial Mortgage Backed North American
EMBI	Emerging Markets Bond Index
ITRAXX.EUR	Markit iTraxx - Europe
ITRAXX.XOV	Markit iTraxx Index - Europe Crossover
PrimeX.ARM	Markit PrimeX Adjustable Rate Mortgage Backed Security
PrimeX.FRM	Markit PrimeX Fixed Rate Mortgage Backed Security
Other Abbreviations:
ADR	American Depositary Receipt
CR	Credit
EQ	Equity
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GDR	Global Depositary Receipt
GNMA	Government National Mortgage Association
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
REIT	Real Estate Investment Trust
TBA	To Be Announced

The accompanying notes are an integral part of these financial statements.

22

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Banks	$	1,477	$	857	$	620	$	–
Capital Goods		898		–		898		–
Commercial and Professional Services		315		–		315		–
Consumer Durables and Apparel		243		243		–		–
Energy		9,990		8,416		1,574		–
Food and Staples Retailing		236		236		–		–
Food, Beverage and Tobacco		286		9		277		–
Health Care Equipment and Services		155		155		–		–
Insurance		2,290		47		2,243		–
Materials		788		463		325		–
Media		814		551		263		–
Pharmaceuticals, Biotechnology and Life Sciences		2,204		2,069		135		–
Real Estate		3,911		2,764		1,147		–
Retailing		906		906		–		–
Semiconductors and Semiconductor Equipment		88		88		–		–
Software and Services		9		9		–		–
Technology Hardware and Equipment		1,482		841		641		–
Telecommunication Services		5,508		2,107		3,401		–
Transportation		684		219		465		–
Utilities		4,491		2,222		2,269		–
Total		36,775		22,202		14,573		–
Asset and Commercial Mortgage Backed Securities		15,280		–		10,146		5,134
Corporate Bonds		23,675		–		23,455		220
Foreign Government Obligations		19,800		–		19,800		–
Municipal Bonds		630		–		630		–
Preferred Stocks		143		–		143		–
Senior Floating Rate Interests		40,537		–		40,537		–
U.S. Government Agencies		12,178		–		12,178		–
Short-Term Investments		3,047		–		3,047		–
Purchased Options		65		21		44		–
Total	$	152,130	$	22,223	$	124,553	$	5,354
Foreign Currency Contracts*	$	162	$	–	$	162	$	–
Futures*		40		40		–		–
Swaps - Credit Default*		149		–		149		–
Total	$	351	$	40	$	311	$	–
Liabilities:
Securities Sold Short	$	3,198	$	–	$	3,198	$	–
Written Options		202		–		202		–
Total	$	3,400	$	–	$	3,400	$	–
Foreign Currency Contracts*	$	14	$	–	$	14	$	–
Futures*		19		19		–		–
Swaps - Credit Default*		148		–		148		–
Swaps - Total Return*		158		–		149		9
Total	$	339	$	19	$	311	$	9

♦ For the period April 30, 2014 (commencement of operations) through October 31, 2014, there were no transfers between Level 1 and Level 2.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

23

Hartford Multi-Asset Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of April 30, 2014*		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3		Transfers Out of Level 3		Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	—	$	35	$	(96	)†	$	30	$	5,333	$	(168	)	$	—	$	—	$	5,134
Corporate Bonds		—		—		—	‡		—		220		—			—		—		220
Total	$	—	$	35	$	(96	)	$	30	$	5,553	$	(168	)	$	—	$	—	$	5,354
Liabilities:
Swaps§	$	—	$	—	$	9	**	$	—	$	—	$	—		$	—	$	—	$	9
Total	$	—	$	—	$	9		$	—	$	—	$	—		$	—	$	—	$	9

* Commencement of operations.

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(96).

‡ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was zero.

§ Derivative instruments not reflected in the Schedule of Investments are valued at the unrealized appreciation/ depreciation on the investment.

** Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(9).

The accompanying notes are an integral part of these financial statements.

24

Hartford Multi-Asset Income Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $155,731)	$	152,130
Cash		1,551	*
Foreign currency on deposit with custodian (cost $141)		141
Unrealized appreciation on foreign currency contracts		162
Unrealized appreciation on OTC swap contracts		96
Receivables:
Investment securities sold		3,922
Fund shares sold		157
Dividends and interest		995
Variation margin on financial derivative instruments		52
OTC swap premiums paid		982
Other assets		81
Total assets		160,269
Liabilities:
Unrealized depreciation on foreign currency contracts		14
Unrealized depreciation on OTC swap contracts		281
Bank overdraft		43
TBA sale commitments, at market value (proceeds $3,189)		3,198
Payables:
Investment securities purchased		14,074
Investment management fees		20
Administrative fees		—
Distribution fees		2
Collateral received from broker		315
Variation margin on financial derivative instruments		42
Accrued expenses		17
OTC swap premiums received		463
Written option contracts (proceeds $246)		202
Other liabilities		14
Total liabilities		18,685
Net assets	$	141,584
Summary of Net Assets:
Capital stock and paid-in-capital	$	144,171
Undistributed net investment income		1,189
Accumulated net realized loss		(209	)
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(3,567	)
Net assets	$	141,584

* Cash of $1,551 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

25

Hartford Multi-Asset Income Fund

Statement of Assets and Liabilities  – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.95/$10.42
Shares outstanding		1,057
Net assets	$	10,514
Class C: Net asset value per share	$	9.94
Shares outstanding		437
Net assets	$	4,350
Class I: Net asset value per share	$	9.95
Shares outstanding		225
Net assets	$	2,238
Class R3: Net asset value per share	$	9.95
Shares outstanding		202
Net assets	$	2,012
Class R4: Net asset value per share	$	9.95
Shares outstanding		203
Net assets	$	2,016
Class R5: Net asset value per share	$	9.95
Shares outstanding		203
Net assets	$	2,017
Class Y: Net asset value per share	$	9.95
Shares outstanding		11,901
Net assets	$	118,437

The accompanying notes are an integral part of these financial statements.

26

Hartford Multi-Asset Income Fund

Statement of Operations

For the Period April 30, 2014 (commencement of operations) through October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	1,012
Interest		1,749
Less: Foreign tax withheld		(78	)
Total investment income		2,683
Expenses:
Investment management fees		436
Administrative services fees
Class R3		2
Class R4		1
Class R5		1
Transfer agent fees
Class A		—
Class C		—
Class I		—
Class Y		—
Distribution fees
Class A		9
Class C		15
Class R3		5
Class R4		3
Custodian fees		12
Accounting services fees		12
Registration and filing fees		36
Board of Directors' fees		2
Audit fees		10
Other expenses		11
Total expenses (before waivers and fees paid indirectly)		555
Expense waivers		(32	)
Commission recapture		—
Custodian fee offset		—
Total waivers and fees paid indirectly		(32	)
Total expenses, net		523
Net Investment Income		2,160
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		393
Less: Foreign taxes paid on realized capital gains		(1	)
Net realized loss on purchased option contracts		(125	)
Net realized loss on TBA sale transactions		(233	)
Net realized gain on futures contracts		438
Net realized gain on written option contracts		455
Net realized loss on swap contracts		(720	)
Net realized gain on foreign currency contracts		368
Net realized gain on other foreign currency transactions		13
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		588
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(3,598	)
Net unrealized depreciation of purchased option contracts		(3	)
Net unrealized depreciation of TBA sale commitments		(9	)
Net unrealized appreciation of futures contracts		21
Net unrealized appreciation of written option contracts		44
Net unrealized depreciation of swap contracts		(157	)
Net unrealized appreciation of foreign currency contracts		148
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(13	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(3,567	)
Net Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(2,979	)
Net Decrease in Net Assets Resulting from Operations	$	(819	)

The accompanying notes are an integral part of these financial statements.

27

Hartford Multi-Asset Income Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Period April 30, 2014* through October 31, 2014
Operations:
Net investment income	$	2,160
Net realized gain on investments, other financial instruments and foreign currency transactions		588
Net unrealized depreciation of investments, other financial instruments and foreign currency transactions		(3,567	)
Net Decrease in Net Assets Resulting from Operations		(819	)
Distributions to Shareholders:
From net investment income
Class A		(99	)
Class C		(33	)
Class I		(31	)
Class R3		(23	)
Class R4		(26	)
Class R5		(28	)
Class Y		(1,543	)
Total distributions		(1,783	)
Capital Share Transactions:
Class A		10,517
Class C		4,407
Class I		2,252
Class R3		2,023
Class R4		2,026
Class R5		2,028
Class Y		120,933
Net increase from capital share transactions		144,186
Net Increase in Net Assets		141,584
Net Assets:
Beginning of period		—
End of period	$	141,584
Undistributed (distributions in excess of) net investment income	$	1,189

*  Commencement of operations.

The accompanying notes are an integral part of these financial statements.

28

Hartford Multi-Asset Income Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for Hartford Multi-Asset Income Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance

29

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of OTC options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or

30

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. For more information on specific valuation techniques and unobservable inputs, please see the following table titled "Quantitative Information about Level 3 Fair Value Measurements."

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund’s Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company’s Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Quantitative Information about Level 3 Fair Value Measurements:

Security Type/Valuation Technique	Unobservable Input *	Input Value(s) Range (Weighted Average) ‡	Fair Value at  October 31, 2014
Assets:
Asset and Commercial Mortgage Backed Securities
Discounted cash flow	Internal rate of return	3.45% - 8.83% (4.74%)	$	5,134
	Life expectancy (in months)	69 - 309 (140)
Corporate Bonds
Cost	Recent trade price	$100.00		220
	Date	10/30/2014
Total			$	5,354
Liabilities:
Swap Contracts: ▲
Independent pricing service	Prior day valuation	($0.31)		9
Total			$	9

* Significant changes to any unobservable inputs may result in a significant change to the fair value.

‡ Unless otherwise noted, inputs were weighted based on the fair value of the investments included in the range.

▲ Derivative instruments are valued at the unrealized appreciation/depreciation on the investments.

31

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into. 

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable. 

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Statement of Operations as a reduction to net realized gain on investments in these securities.  

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared and paid monthly. Dividends from realized gains, if any, are paid at least once a year.

32

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

33

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund, as shown on the Schedule of Investments, had open TBA commitments as of October 31, 2014, which may be a part of dollar roll transactions.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund, as shown on the Schedule of Investments, had inflation indexed bonds as of October 31, 2014.

34

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of period-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the period are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized

35

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the period ended October 31, 2014, are summarized below:

Options Contract Activity During the Period April 30, 2014, (commencement of operations), through October 31, 2014:

Call Options Written During the Period	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		58,906,151			405
Expired		(20,920,000	)		(214	)
Closed		(1,151	)		(59	)
Exercised		—			—
End of period		37,985,000		$	132

Put Options Written During the Period	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		58,905,576			340
Expired		(20,920,000	)		(181	)
Closed		(576	)		(45	)
Exercised		—			—
End of period		37,985,000		$	114

* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of

36

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of period-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Total Return Swap Contracts – The Fund may invest in total return swap contracts. An investment in a total return swap allows the Fund to gain or mitigate exposure to underlying referenced securities, indices or commodities. Total return swap contracts involve commitments where cash flows are exchanged based on the price of underlying securities, indices or commodities and based on a fixed or variable rate. One party would receive payments based on the price appreciation or depreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying to or receiving from the counterparty seller an agreed-upon rate, which can be fixed or variable. A variable rate may be correlated to a base rate, such as the LIBOR, and is adjusted each reset period, which are defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.

37

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment from or make a payment to the counterparty. The Fund, as shown on the Schedule of Investments, had outstanding total return swap contracts as of October 31, 2014.

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	—	$	44	$	—	$	21	$	—	$	—	$	65
Unrealized appreciation on foreign currency contracts		—		162		—		—		—		—		162
Unrealized appreciation on OTC swap contracts		—		—		96		—		—		—		96
Variation margin receivable *		12		—		40		—		—		—		52
Total	$	12	$	206	$	136	$	21	$	—	$	—	$	375
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	14	$	—	$	—	$	—	$	—	$	14
Unrealized depreciation on OTC swap contracts		—		—		123		158		—		—		281
Variation margin payable *		17		—		25		—		—		—		42
Written option contracts, market value		—		—		202		—		—		—		202
Total	$	17	$	14	$	350	$	158	$	—	$	—	$	539

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative appreciation of $21 and open centrally cleared swaps net cumulative appreciation of $28 as reported in the Schedule of Investments.

The ratio of futures market value to net assets at October 31, 2014 was 18.59%, compared to the average ratio of 7.15% during the period April 30, 2014 (commencement of operations) through October 31, 2014. The ratio of foreign currency contracts market value to net assets at October 31, 2014 was 8.64%, compared to the average ratio of 3.09% during the period April 30, 2014 (commencement of operations) through October 31, 2014. The volume of other derivatives that are presented in the Schedule of Investments is consistent with the derivative activity during the period ended October 31, 2014.

38

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Effect of Derivative Instruments on the Statement of Operations for the period April 30, 2014 (commencement of operations) through October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit Contracts			Equity Contracts			Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on purchased option contracts	$	(41	)	$	—	$	—		$	(84	)	$	—	$	—	$	(125	)
Net realized gain on futures contracts		438			—		—			—			—		—		438
Net realized gain on written option contracts		—			—		394			61			—		—		455
Net realized loss on swap contracts		(289	)		—		(398	)		(33	)		—		—		(720	)
Net realized gain on foreign currency contracts		—			368		—			—			—		—		368
Total	$	108		$	368	$	(4	)	$	(56	)	$	—	$	—	$	416
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of purchased option contracts	$	—		$	—	$	—		$	(3	)	$	—	$	—	$	(3	)
Net change in unrealized appreciation of futures contracts		21			—		—			—			—		—		21
Net change in unrealized appreciation of written option contracts		—			—		44			—			—		—		44
Net change in unrealized appreciation (depreciation) of swap contracts		—			—		1			(158	)		—		—		(157	)
Net change in unrealized appreciation of foreign currency contracts		—			148		—			—			—		—		148
Total	$	21		$	148	$	45		$	(161	)	$	—	$	—	$	53

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in  Statement of  Assets and  Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral  Received			Cash Collateral Received			Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	1,058	$	(372	)	$	(176	)	$	(270	)†	$	240
Futures contracts - variation margin receivable		12		(12	)		—			—			—
Swap contracts - variation margin receivable		40		(25	)		—			—			15
Unrealized appreciation on foreign currency contracts		157		(7	)		—			—			150
Total subject to a master netting or similar arrangement	$	1,267	$	(416	)	$	(176	)	$	(270	)	$	405

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

† An additional $45 of cash collateral was received by the Fund related to derivative assets.

39

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	882	$	(372	)	$	—	$	(276	)†	$	234
Futures contracts - variation margin payable		17		(12	)		—		(127	)		—
Swaps contracts - variation margin payable		25		(25	)		—		(674	)		—
Unrealized depreciation on foreign currency contracts		12		(7	)		—		—			5
Total subject to a master netting or similar arrangement	$	936	$	(416	)	$	—	$	(1,077	)	$	239

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

† An additional $264 of cash collateral was pledged to counterparties related to derivative liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive

40

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014 *
Ordinary Income	$	1,783

* Commenced operations on April 30, 2014.

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	1,359
Accumulated Capital and Other Losses*		(200	)
Unrealized Depreciation†		(3,719	)
Total Accumulated Deficit	$	(2,560	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

41

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the period ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	812
Accumulated Net Realized Gain (Loss)		(797	)
Capital Stock and Paid-in-Capital		(15	)

Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010 funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

	Amount
Short-Term Capital Loss Carryforward	$	200
Total	$	200

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

42

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million	0.750%
On next $250 million	0.700%
On next $500 million	0.680%
On next $1.5 billion	0.660%
On next $2.5 billion	0.650%
On next $5 billion	0.640%
Over $10 billion	0.635%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.020%
On next $5 billion	0.015%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 29, 2016 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.12%	1.87%	0.87%	1.42%	1.12%	0.93%	0.83%

Fees Paid Indirectly – The Fund  has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the period April 30, 2014 (commencement of operations) through October 31, 2014, these amounts, if any, are included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Annualized Period Ended October 31, 2014
Class A		1.12	%*
Class C		1.87	*
Class I		0.87	*
Class R3		1.42	*
Class R4		1.12	*
Class R5		0.93	*
Class Y		0.83	*

* From April 30, 2014 (commencement of operations) through October 31, 2014.

43

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the period April 30, 2014 (commencement of operations) through October 31, 2014, HFD received front-end load sales charges of $3 and contingent deferred sales charges of an amount which rounds to zero from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the period April 30, 2014 (commencement of operations) through October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

44

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class A		58	%		4	%
Class C		46			1
Class I		90			1
Class R3		100			1
Class R4		100			1
Class R5		100			1
Class Y		8			6

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		77	%

Investment Transactions:

For the period April 30, 2014 (commencement of operations) through October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	329,208	$	—	$	329,208
Sales Proceeds		176,792		—		176,792

45

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the period April 30, 2014 (commencement of operations) through October 31, 2014:

	For the Period Ended October 31, 2014
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		1,055		10		(8	)		1,057
Amount	$	10,494	$	99	$	(76	)	$	10,517
Class C
Shares		434		3		—			437
Amount	$	4,377	$	32	$	(2	)	$	4,407
Class I
Shares		223		3		(1	)		225
Amount	$	2,236	$	31	$	(15	)	$	2,252
Class R3
Shares		200		2		—			202
Amount	$	2,000	$	23	$	—		$	2,023
Class R4
Shares		200		3		—			203
Amount	$	2,000	$	26	$	—		$	2,026
Class R5
Shares		200		3		—			203
Amount	$	2,000	$	28	$	—		$	2,028
Class Y
Shares		12,868		153		(1,120	)		11,901
Amount	$	130,661	$	1,543	$	(11,271	)	$	120,933
Total
Shares		15,180		177		(1,129	)		14,228
Amount	$	153,768	$	1,782	$	(11,364	)	$	144,186

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the period April 30, 2014 (commencement of operations) through October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to

46

Hartford Multi-Asset Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

47

Hartford Multi-Asset Income Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
From April 30, 2014 (commencement of operations), through October 31, 2014
A(D)	$	10.00	$	0.18	$	(0.10	)	$	0.08	$	(0.13	)	$	–	$	(0.13	)	$	9.95		0.80	%(E)	$	10,514		1.17	%(F)		1.12	%(F)		3.37	%(F)
C(D)		10.00		0.14		(0.10	)		0.04		(0.10	)		–		(0.10	)		9.94		0.37	(E)		4,350		1.93	(F)		1.87	(F)		2.68	(F)
I(D)		10.00		0.18		(0.09	)		0.09		(0.14	)		–		(0.14	)		9.95		0.92	(E)		2,238		0.93	(F)		0.87	(F)		3.49	(F)
R3(D)		10.00		0.16		(0.09	)		0.07		(0.12	)		–		(0.12	)		9.95		0.64	(E)		2,012		1.62	(F)		1.42	(F)		2.93	(F)
R4(D)		10.00		0.17		(0.09	)		0.08		(0.13	)		–		(0.13	)		9.95		0.78	(E)		2,016		1.32	(F)		1.12	(F)		3.23	(F)
R5(D)		10.00		0.18		(0.09	)		0.09		(0.14	)		–		(0.14	)		9.95		0.88	(E)		2,017		1.02	(F)		0.93	(F)		3.42	(F)
Y(D)		10.00		0.20		(0.10	)		0.10		(0.15	)		–		(0.15	)		9.95		0.93	(E)		118,437		0.88	(F)		0.83	(F)		3.74	(F)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Commenced operations on April 30, 2014.

(E) Not annualized.

(F) Annualized.

	Portfolio Turnover Rate for  All Share Classes
From April 30, 2014 (commencement of operations) through October 31, 2014	26	%(A)

(A) Not annualized.

48

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Hartford Multi-Asset Income Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations, the statement of changes in net assets, and the financial highlights for the period from April 30, 2014 (commencement of operations) to October 31, 2014. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audit. 

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Hartford Multi-Asset Income Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations, the changes in its net assets, and the financial highlights for the period from April 30, 2014 (commencement of operations) to October 31, 2014, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

49

Hartford Multi-Asset Income Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

50

Hartford Multi-Asset Income Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

51

Hartford Multi-Asset Income Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

52

Hartford Multi-Asset Income Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

53

Hartford Multi-Asset Income Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning  Account Value April 30, 2014		Ending Account  Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days  in the  current  1/2  year	Days  in the  full  year
Class A*	$	1,000.00	$	1,008.00	$	5.69	$	1,000.00	$	1,019.54	$	5.73		1.12	%	184	365
Class C*	$	1,000.00	$	1,003.70	$	9.44	$	1,000.00	$	1,015.78	$	9.50		1.87		184	365
Class I*	$	1,000.00	$	1,009.20	$	4.41	$	1,000.00	$	1,020.82	$	4.43		0.87		184	365
Class R3*	$	1,000.00	$	1,006.40	$	7.18	$	1,000.00	$	1,018.05	$	7.22		1.42		184	365
Class R4*	$	1,000.00	$	1,007.80	$	5.67	$	1,000.00	$	1,019.56	$	5.70		1.12		184	365
Class R5*	$	1,000.00	$	1,008.80	$	4.71	$	1,000.00	$	1,020.52	$	4.74		0.93		184	365
Class Y*	$	1,000.00	$	1,009.30	$	4.21	$	1,000.00	$	1,021.02	$	4.23		0.83		184	365

* Commenced operations on April 30, 2014.

54

Hartford Multi-Asset Income Fund

Approval of New Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), initially approve, and annually review and consider the continuation of, the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on February 4-5, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve an investment management agreement for Hartford Multi-Asset Income Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and an investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

Prior to approving the Agreements, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses (the “Adviser Materials”). In addition, the Board’s Investment Committee received in-person presentations from representatives of the Advisers regarding the Fund and the proposed investment strategy.

In determining whether to approve the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the Agreements was based on a comprehensive consideration of all information provided to the Board with respect to the approval of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services to be Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services to be provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services to be provided by the Advisers. The Board considered the Advisers’ organizational structure, systems and personnel. The Board also considered each Adviser’s reputation and overall financial strength and the Board’s past experience with the Advisers with respect to the services they provide to other Hartford Funds.

With respect to HFMC, the Board noted that, under the Agreements, HFMC would be responsible for the management of the Fund, including oversight of fund operations and service providers. The Board also noted that HFMC would provide administrative services to the Fund as well as investment advisory services in connection with selecting, monitoring and supervising the Fund’s sub-adviser, and that HFMC had recommended to the Board that the Sub-adviser be appointed as the sub-adviser to the Fund. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the management and/or strategies of the Hartford Funds when warranted. The Board considered that HFMC would oversee the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered that HFMC would oversee compliance with the Fund’s objective and policies as well as with applicable laws and regulations. In addition, the Board considered that HFMC or its affiliates would be responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which would provide certain day-to-day portfolio management services for the Fund, the Investment Committee met with members of the proposed portfolio management team. The Board considered the Sub-adviser’s investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience.

The Board also considered information previously provided by the Advisers regarding their compliance policies and procedures and compliance history, and received a representation from HFMC that the written compliance policies and procedures of HFMC and the Sub-adviser are reasonably designed to prevent violations of the federal securities laws. In addition, the Board considered HFMC’s representation that it did not anticipate making any material changes to HFMC’s and the Hartford Funds’ compliance program as a result of the addition of the Fund.

In considering this information, the Board evaluated not only the information presented to the Board and the Investment Committee in connection with its consideration of the Agreements, but also the Board’s experience through past interactions with HFMC and the Sub-adviser. Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services to be provided to the Fund by HFMC and the Sub-adviser.

55

Hartford Multi-Asset Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Performance of the Sub-adviser

The Board considered the investment performance of the Sub-adviser and its portfolio management team, including, for purposes of considering the investment skill and experience of the Fund’s portfolio managers, the performance of the Asset Allocation team responsible for overseeing the overall asset allocation and risk management for the Fund as well as the performance of the strategies proposed for the fixed income and equity components of the Fund, noting that the Sub-adviser did not currently manage a strategy similar to that proposed for the Fund. HFMC and the Sub-adviser also provided additional information about the broad range of the portfolio management team’s investment experience and their investment philosophy and process.

Based on these considerations, the Board concluded that it was satisfied that HFMC and the Sub-adviser have the capability of providing satisfactory investment performance for the Fund.

Costs of the Services and Profitability of the Advisers

In considering the proposed advisory and sub-advisory fee schedules for the Fund, the Board reviewed information regarding HFMC’s estimated costs to provide investment management and related services to the Fund and the estimated profitability to HFMC and its affiliates from all services to be provided to the Fund and all aspects of their relationships with the Fund. In evaluating HFMC’s estimated profitability, the Board considered HFMC’s representation that the level of estimated profitability was fair and appropriate based on the nature and quality of the services to be provided to shareholders. The Board also noted that the actual profitability of the Fund to HFMC would depend on the growth of assets under management. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services to be Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the expected total expense ratios of the Fund. The Board also considered the proposed sub-advisory fees to be paid by HFMC to the Sub-adviser, noting that the Sub-adviser had agreed to waive a portion of its sub-advisory fee based on the Fund’s asset levels during the first two years of the Fund’s operation. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the proposed management and sub-advisory fees and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information comparing the Fund’s proposed management fees and total expenses relative to a peer universe of funds derived from information provided by Lipper Inc. (“Lipper”), an independent provider of investment company data, in conjunction with input from an independent financial services consultant engaged by the Board. The Board considered that HFMC had contractually agreed to limit the expenses for the Fund’s Class A, Class C, Class I, Class R3, Class R4, Class R5 and Class Y shares to 1.12%, 1.87%, 0.87%, 1.42%, 1.12%, 0.93% and 0.83%, respectively, through February 28, 2015, with such arrangement automatically renewing on an annual basis unless HFMC provides written notice of termination prior to the start of the next term or upon approval of the Board.

In considering the reasonableness of the Fund’s management and sub-advisory fees and total expense ratios, the Board considered that, according to the information provided by Lipper, the Fund’s proposed weighted management fees were below the Lipper peer group average and median for all asset levels, and that the proposed weighted management fees fell within the 2^nd quintile for all asset levels. The Board also considered that the Fund’s estimated total expenses, less Rule 12b-1 fees, were below the Lipper peer group average and median and fell within the 1^st quintile.

Based on these considerations, the Board concluded that the Fund’s proposed fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services to be provided.

56

Hartford Multi-Asset Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Economies of Scale

The Board considered the extent to which economies of scale would be realized as the Fund grows and whether the fee levels reflect these economies of scale for the benefit of the Fund’s future shareholders. The Board reviewed the breakpoints in the proposed management fee schedule for the Fund, which would reduce fee rates as Fund assets grow over time. The Board considered HFMC’s representation that the Fund could be expected to achieve some economies of scale as assets in the Fund grow. The Board recognized that a fund with assets beyond the highest breakpoint level would continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses for the Hartford Funds.

The Board also considered how any benefits from economies of scale would be realized by the various parties. The Board reviewed relevant information included in the Adviser Materials regarding comparative breakpoint information for other funds in the Fund’s Lipper peer group. Based on these considerations, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s future shareholders. The Board noted, however, that it would review future growth in Fund assets and the appropriateness of the breakpoints as part of its future annual review of the Agreements.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC would receive fees for fund accounting and related services from the Fund. The Board also considered that Hartford Administrative Services Company, the Fund’s transfer agent and an affiliate of HFMC, would receive transfer agency compensation from the Fund.

The Board also considered that Hartford Funds Distributors LLC (“HFD”), an affiliate of HFMC, will serve as principal underwriter of the Fund. As principal underwriter, HFD would receive 12b-1 fees from the Fund and would receive all or a portion of the sales charges on sales or redemptions of certain classes of shares.

The Board considered the benefits to the Fund’s future shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session with independent legal counsel to review the relevant materials and consider their responsibilities under relevant laws and regulations.

57

Hartford Multi-Asset Income Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early).

Loan Risk: The Fund’s investments in loans may at times become difficult to value and highly illiquid; they are subject to credit risk such as nonpayment of principal or interest, and risks of bankruptcy and insolvency.

Foreign Investment, Emerging Markets and Sovereign Debt Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. Sovereign debt investments are subject to credit risk and the risk of default.

Dividend Paying Security Investment Risk: Dividends are not guaranteed and are subject to change. Dividend paying securities as a group can fall out of favor with the market, causing the Fund to underperform.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool. 

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

Quantitative Analysis Risk: The Fund uses quantitative analysis in its securities selection; securities selected by this method may perform differently from the broader stock market.

58

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.  We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-MAI14 12/14 116927 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD MUNICIPAL OPPORTUNITIES FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Municipal Opportunities Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	12
Statement of Operations for the Year Ended October 31, 2014	13
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	14
Notes to Financial Statements	15
Financial Highlights	24
Report of Independent Registered Public Accounting Firm	26
Directors and Officers (Unaudited)	27
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	29
Quarterly Portfolio Holdings Information (Unaudited)	29
Federal Tax Information (Unaudited)	30
Expense Example (Unaudited)	31
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	32
Main Risks (Unaudited)	36

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Municipal Opportunities Fund inception 05/31/2007

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide current income that is generally exempt from federal income taxes and long-term total return.

Performance Overview 5/31/07-10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			Since      Inception▲
Municipal Opportunities A#		6.70	%		5.70	%		2.64	%
Municipal Opportunities A##		1.90	%		4.73	%		2.00	%
Municipal Opportunities B#		6.04	%		4.93	%		1.85	%
Municipal Opportunities B##		1.04	%		4.60	%		1.85	%
Municipal Opportunities C#		6.03	%		4.93	%		1.88	%
Municipal Opportunities C##		5.03	%		4.93	%		1.88	%
Municipal Opportunities I#		7.08	%		5.97	%		2.91	%
Barclays Municipal Bond 1-15 Year Blend (1-17) Index		5.56	%		4.48	%		4.87	%
Barclays Municipal Bond Index		7.82	%		5.26	%		5.08	%

▲	Inception: 05/31/2007
#	Without sales charge
##	With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company, using a modified investment strategy. As of March 5, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

Barclays Municipal Bond 1-15 Year Blend (1-17) Index is a sub-index of the Barclays Municipal Bond Index. It is a rules-based market value-weighted index of bonds with maturities of one year to 17 years engineered for the tax-exempt bond market.

Barclays Municipal Bond Index is an unmanaged index of municipal bonds with maturities greater than two years.

The Fund has changed its benchmark from the Barclays Municipal Bond Index to the Barclays Municipal Bond 1-15 Year Blend (1-17) Index because the Fund’s investment manager believes that the Barclays Municipal Bond 1-15 Year Blend (1-17) Index better reflects the Fund’s investment strategy.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Municipal Opportunities Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Municipal Opportunities Class A		0.92	%		0.92	%
Municipal Opportunities Class B		1.67	%		1.73	%
Municipal Opportunities Class C		1.67	%		1.67	%
Municipal Opportunities Class I		0.67	%		0.67	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Managers
Timothy D. Haney, CFA	Brad W. Libby
Senior Vice President and Fixed Income Portfolio Manager	Vice President and Fixed Income Credit Analyst

How did the Fund perform?

The Class A shares of The Hartford Municipal Opportunities Fund returned 6.70%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the Barclays Municipal Bond 1-15 Year Blend (1-17) Index, which returned 5.56% for the same period. The Fund also outperformed the 5.43% average return of the Lipper Intermediate Municipal Debt Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter Gross Domestic Product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

The yield on 10-year AAA general obligations (GOs) remained inside of 10-year Treasuries throughout the twelve month period, as the GO-to-Treasury yield ratio fell from 96% to 89%. Municipal issuance has remained slow, which continues to create a positive technical market environment as demand for municipal bonds is strong. Municipal credit spreads continued to tighten over the period, but remained attractive relative to corporates on an after-tax basis.

The Fund’s security selection within investment grade revenue bonds was the primary driver of relative outperformance during the period, largely due to selection within the lease and sales tax sectors. Duration and yield curve positioning also contributed to benchmark-relative outperformance, largely due to our relative overweights to the long end (20-30 year) of the curve while long rates came down over the period. Our allocation to high yield revenue bonds (roughly 20% of the Fund over the period) was also additive.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We expect U.S. economic momentum to be positive. In our view, the global growth outlook is improving, but increasing instability around the world poses a risk. We expect a slow increase in rates as the

3

The Hartford Municipal Opportunities Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Fed moves policy and ended the period with a moderately procyclical risk posture. Credit repair continues at the state level and state tax collections are back to pre-recession levels in real terms. Pension and health care costs are projected to absorb almost all of the expected revenue growth of local governments which will continue to pressure municipal budgets. We expect revenue bond fundamentals to remain positive in the near-to medium-term and continue to favor credits in this area, especially special-tax, toll-road, airport, and health care.

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Aaa/ AAA		4.2	%
Aa/ AA		26.0
A		35.7
Baa/ BBB		11.3
Ba/ BB		3.6
B		3.4
Not Rated		11.4
Short-Term Instruments		5.4
Other Assets and Liabilities		(1.1	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Industry

as of October 31, 2014

Industry	Percentage of Net Assets
Airport Revenues		8.3	%
General Obligations		16.3
Health Care/Services		17.2
Higher Education (Univ., Dorms, etc.)		7.2
Housing (HFA'S, etc.)		1.4
Industrial		3.8
Miscellaneous		9.8
Pre-Refunded		4.9
Public Facilities		3.0
Special Tax Assessment		2.4
Tax Allocation		7.8
Transportation		6.3
Utilities - Combined		0.4
Utilities - Electric		3.5
Utilities - Gas		0.7
Utilities - Water and Sewer		2.5
Waste Disposal		0.2
Short-Term Investments		5.4
Other Assets and Liabilities		(1.1	)
Total		100.0	%

For Fund compliance purposes, the Fund may use the same classification system; these classifications are used for reporting ease.

4

The Hartford Municipal Opportunities Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Municipal Bonds - 95.7%
		Alabama - 1.5%
		Birmingham, AL, Baptist Medical Center Special Care Fac
$	1,855	5.25%, 11/15/2016	$	1,937
		Jefferson County, AL, Sewer Rev
	2,000	5.00%, 10/01/2017		2,171
		Mobile, AL, Industrial Development Board Pollution
	1,540	1.65%, 06/01/2034		1,568
				5,676
		Arizona - 1.4%
		Estrella Mountain Ranch, AZ, Community Fac Dist GO
	265	6.20%, 07/15/2032		279
		Pima County, AZ, IDA Education Rev, Legacy Traditional Charter School
	1,435	8.50%, 07/01/2039		1,629
		Salt River, AZ, Agricultural Improvement
	3,000	5.00%, 12/01/2027		3,586
				5,494
		California - 12.8%
		Bay Area, CA, Toll Auth Bridge Rev
	1,450	1.50%, 04/01/2047 Δ		1,469
		California County, CA, Tobacco Securitization
	1,000	5.00%, 06/01/2022		1,163
		California State Communities DA Rev
	955	0.94%, 04/01/2036 Δ		831
	1,000	5.63%, 10/01/2032		1,068
		California State GO
	4,985	6.50%, 04/01/2033		6,092
		California State Health Facilities
	1,500	6.00%, 07/01/2029		1,772
		California State Public Works Board, Correctional Facilities Improvement
	1,000	6.00%, 03/01/2035		1,188
		California State Public Works Board, Lease Rev
	2,000	5.25%, 10/01/2023		2,442
		California State Public Works Board, State University Trustees
	2,000	6.25%, 04/01/2034		2,372
		Foothill-Eastern Transportation Corridor Agency
	660	5.00%, 01/15/2053 Δ		721
		Irvine, CA, Improvement Bond Act
	1,065	4.00%, 09/02/2016		1,120
		Long Beach, CA, FA Natural Gas
	425	1.61%, 11/15/2027 Δ		392
		Oakland, CA, Airport Rev
	1,000	5.00%, 05/01/2026		1,134
		Port of Oakland, CA
	1,485	5.00%, 05/01/2021 - 05/01/2023		1,757
		Rancho Cucamonga, CA, Redev Agency Tax
	1,000	5.00%, 09/01/2029		1,169
		San Bernardino, CA, USD GO
	1,150	5.00%, 08/01/2021		1,372
		San Buenaventura, CA, Community Memorial Health System
	1,000	7.50%, 12/01/2041		1,208
		San Diego, CA, Redev Agency Tax Allocation
	3,000	7.00%, 11/01/2039		3,597
		San Joaquin Hills, CA, Transporation Auth
	875	5.00%, 01/15/2029 ☼		980
		San Jose, CA, Redev Agency
	2,575	5.00%, 08/01/2022		2,772
	500	6.50%, 08/01/2023		565
		San Mateo Joint Powers Financing Auth
	2,500	5.00%, 06/15/2029 - 06/15/2030		2,948
		Santa Cruz County, CA, Redev Agency
	1,250	5.00%, 09/01/2024		1,511
	1,335	6.63%, 09/01/2029		1,567
		Santa Margarita, CA, Water Dist Special Tax
	500	4.25%, 09/01/2021		525
	2,130	5.00%, 09/01/2022 - 09/01/2028		2,388
		Successor Agy to the Richmond County Redev Agency
	640	4.00%, 09/01/2016		676
		Twin Rivers, CA, Unif School Dist Cops
	3,000	3.45%, 07/01/2037		3,005
		University of California
	1,595	5.00%, 05/15/2025		1,965
				49,769
		Colorado - 0.3%
		Denver, CO, City and County Special Fac Airport Rev
	1,000	5.00%, 11/15/2018		1,151
		Connecticut - 1.6%
		City of New Haven, CT, GO
	2,600	5.00%, 08/01/2024		3,090
		Connecticut Housing FA
	1,000	4.00%, 11/15/2044 ‡		1,093
		Hartford, CT, GO
	1,850	5.00%, 04/01/2026		2,147
				6,330
		District of Columbia - 0.7%
		Metropolitan Washington, DC, Airport Auth System Rev
	1,450	5.00%, 10/01/2022		1,724
		Washington, DC, Metropolitan Airport Auth System Rev
	1,000	5.00%, 10/01/2020		1,174
				2,898
		Florida - 7.9%
		Arlington of Naples
	500	6.50%, 05/15/2020 ■		502
	500	7.00%, 05/15/2024 ■		551
		Florida Village Community Development Dist No 8
	2,225	6.38%, 05/01/2038		2,520
		Greater Orlando, FL, Aviation Auth
	4,340	5.00%, 10/01/2021 - 10/01/2024		5,095
		Highlands County, FL, Adventist Health (Prerefunded with US Gov't Securities)
	125	5.25%, 11/15/2036		137
		Highlands County, FL, Health Fac Auth
	1,905	5.25%, 11/15/2036		2,020
		Jacksonville, FL, Econ Development Commission Obligor: Florida Proton Therapy Institute, Inc
	2,000	6.25%, 09/01/2027		2,177
		Jacksonville, FL, Sales Tax Rev
	2,700	5.00%, 10/01/2021		3,243
		Lake County, FL, School Board
	2,000	5.00%, 06/01/2026		2,338

The accompanying notes are an integral part of these financial statements.

5

The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2014 

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Municipal Bonds - 95.7% - (continued)
		Florida - 7.9% - (continued)
		Lakeland, FL, Retirement Community Rev
$	1,750	6.38%, 01/01/2043	$	1,819
		Lee County, FL, School Board
	1,000	4.00%, 08/01/2016		1,060
		Magnolia Creek, FL, Community Development Dist Capital Improvement
	500	0.00%, 05/01/2039 ●		175
		Miami-Dade County, FL, Aviation Rev
	3,500	5.00%, 10/01/2024 - 10/01/2026		4,000
		Orange County, FL, School Board
	2,130	5.00%, 08/01/2026		2,448
		Palm Beach County, FL, Health System
	1,000	6.75%, 06/01/2024		1,136
		River Bend Community Development Dist, Capital Improvement Rev
	1,560	0.00%, 11/01/2015 ●		201
		Village, FL, Community Development Dist #11
	500	3.25%, 05/01/2019 ☼		500
		Volusia County, FL, School Board
	775	5.00%, 08/01/2025		927
				30,849
		Georgia - 1.4%
		Clayton County, GA, DA
	1,965	9.00%, 06/01/2035		2,031
		Dekalb Newton and Gwinnett Counties, GA, Joint DA
	1,500	6.00%, 07/01/2034		1,718
		Marietta, GA, DA Life University, Inc. Proj
	1,500	7.00%, 06/15/2030		1,590
				5,339
		Hawaii - 0.3%
		Hawaii State Dept of Transportation
	1,000	5.00%, 08/01/2022		1,180
		Idaho - 0.3%
		Idaho State Helath Facilities Auth Rev
	1,000	5.00%, 03/01/2032		1,128
		Illinois - 7.8%
		Aurora, IL, Tax Increment Rev
	870	6.75%, 12/30/2027		957
		Chicago, IL, Board of Education
	1,625	6.00%, 01/01/2020		1,827
		Chicago, IL, O'Hare International Airport Rev
	345	5.00%, 01/01/2015		347
	855	5.25%, 01/01/2027		858
		Chicago, IL, Park Dist, GO
	2,750	5.00%, 01/01/2026		3,192
		City of Chicago, IL, GO
	1,700	4.00%, 01/01/2018		1,772
		Hampshire, IL, Special Service Area #13, Tuscany Woods Proj
	96	0.00%, 03/01/2037 ●		55
		Illinois FA Rev, Art Institute of Chicago Ser A
	1,400	6.00%, 03/01/2038		1,608
		Illinois FA Rev, Silver Cross Hospital and Medicine
	3,000	5.50%, 08/15/2030		3,169
		Illinois Metropolitan Pier & Exposition Auth
	4,000	4.32%, 12/15/2024 ○		2,819
		Illinois State FA Rev
	1,250	7.75%, 08/15/2034		1,569
		Illinois State GO
	3,000	5.00%, 01/01/2022 - 08/01/2025		3,271
	1,500	5.25%, 01/01/2021		1,708
		Illinois State Sales Tax Rev
	1,830	6.50%, 06/15/2022		2,131
		Illinois State Toll Highway Auth
	2,000	5.00%, 01/01/2030 ☼		2,319
		Illinois State Unemployment Insurance Fund
	2,500	5.00%, 06/15/2019 - 12/15/2019		2,573
				30,175
		Indiana - 1.4%
		Indiana State FA Hospital Rev
	1,000	5.00%, 12/01/2029		1,174
		Indianapolis, IN Airport Auth Rev
	1,000	5.00%, 01/01/2029		1,130
		Vigo County, IN, Hospital Auth
	2,000	5.75%, 09/01/2042 ■		2,021
		Whiting, IN, Environmental Facilities Rev
	1,000	1.85%, 06/01/2044 Δ		1,006
				5,331
		Kansas - 0.3%
		Wyandotte County-Kansas City, KS
	1,000	5.00%, 09/01/2025		1,191
		Kentucky - 1.0%
		Kentucky Public Transportation Inf Auth
	350	5.00%, 07/01/2017		387
		Louisville & Jefferson County, KY
	1,515	5.00%, 12/01/2023		1,776
		Louisville & Jefferson County, KY, Metropolitan
	1,710	1.65%, 10/01/2033 Δ		1,734
				3,897
		Louisiana - 1.4%
		Louisiana Tobacco Settlement Financing Corp.
	2,500	5.00%, 05/15/2026		2,652
		New Orleans, LA, Aviation Board
	2,500	6.00%, 01/01/2023		2,913
				5,565
		Maryland - 0.4%
		Westminster Maryland Rev
	1,500	4.38%, 07/01/2021		1,537
		Massachusetts - 1.7%
		Massachusetts State Development Fin Agency Rev
	1,200	8.00%, 04/15/2031		1,430
		Massachusetts State Health and Education Fac Auth
	1,000	5.00%, 07/01/2016		1,031
	2,355	8.00%, 10/01/2039		2,518
		Massachusetts State PA
	455	4.00%, 07/01/2022		506
	1,035	5.00%, 07/01/2021 - 07/01/2023		1,216
				6,701
		Michigan - 3.5%
		Kent, MI, Hospital FA
	4,000	6.00%, 07/01/2035		4,110
		Michigan FA
	4,350	5.00%, 07/01/2018 - 10/01/2030		4,910

The accompanying notes are an integral part of these financial statements.

6

The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2014 

(000’s Omitted) 

Shares or Principal Amount			Market Value ╪
Municipal Bonds - 95.7% - (continued)
		Michigan - 3.5% - (continued)
		Royal Oak, MI, Hospital FA
$	2,000	8.25%, 09/01/2039 ‡	$	2,556
		Wayne County, MI, Airport Auth Rev
	2,000	5.00%, 12/01/2015 - 12/01/2030		2,200
				13,776
		Mississippi - 0.8%
		Mississippi State Business Fin Corp.
	3,000	1.63%, 12/01/2040		2,985
		Missouri - 1.0%
		Kirkwood, MO, Industrial DA Retirement Community
	3,500	8.25%, 05/15/2045		4,040
		Nevada - 1.6%
		Clark County, NV, School Dist GO
	1,625	5.00%, 06/15/2020		1,686
		Mesquite, NV, Special Improvement Dist 07-01
	440	6.00%, 08/01/2027		447
		Nevada State GO
	2,500	5.00%, 08/01/2019		2,934
		Nevada State Natural Resources GO
	1,110	5.00%, 03/01/2026		1,319
				6,386
		New Jersey - 3.6%
		New Jersey Health Care Facilities FA, Hospital Asset Transformation
	2,855	5.75%, 10/01/2031		3,302
		New Jersey State Econ DA
	1,510	4.88%, 09/15/2019		1,597
	1,590	5.00%, 03/01/2023		1,796
		New Jersey State Educational FA Rev, University of Medicine & Dentistry
	2,000	7.50%, 12/01/2032		2,563
		New Jersey State Interstate Turnpike Auth Rev
	3,000	5.00%, 01/01/2025 ‡		3,536
		New Jersey State Transportation Trust FU
	1,000	5.00%, 09/15/2017		1,105
				13,899
		New Mexico - 1.2%
		Los Alamos County, NM, Tax Improvement Rev
	3,000	5.88%, 06/01/2027		3,530
		Montecito Estates, NM, Public Improvement Dist
	905	7.00%, 10/01/2037		947
				4,477
		New York - 11.1%
		Liberty, NY, Corp. Development Goldman Sachs Headquarters
	2,000	5.25%, 10/01/2035		2,371
		New York & New Jersey PA
	2,000	5.00%, 12/01/2023		2,027
		New York City Housing Development Corp
	940	4.50%, 11/15/2024 ■☼		957
		New York City, NY, Transitional FA Rev
	5,000	5.00%, 08/01/2031		5,913
		New York Metropolitan Transportation Auth Rev
	2,100	5.00%, 11/15/2020		2,502
		New York State Dormitory Auth Rev
	5,640	5.00%, 03/15/2022 - 03/15/2030		6,632
		New York State Liberty Development Corp. Rev
	1,535	5.15%, 11/15/2034 ■☼		1,561
		New York State Thruway Auth
	3,250	5.00%, 01/01/2019 - 03/15/2021		3,797
		New York State Urban Development Corp. Rev
	1,000	5.00%, 03/15/2026		1,191
		New York, NY, GO
	4,000	6.25%, 10/15/2028		4,760
		New York, NY, IDA Terminal One Group Assoc Proj AMT
	2,000	5.50%, 01/01/2024		2,104
		Newburth, NY, GO
	1,145	5.00%, 06/15/2019		1,256
		Town of Oyster Bay, NY, GO
	2,340	5.00%, 08/15/2024		2,780
		TSASC, Inc.
	2,500	5.00%, 06/01/2034		2,078
		Ulster County, NY, Capital Resource Corp. Rev
	940	3.72%, 09/15/2044 ■○		661
		Ulster County, NY, IDA Kingston Regional Senior Living
	2,000	6.00%, 09/15/2042		1,758
		Yonkers, NY, GO
	885	3.00%, 08/15/2019		930
				43,278
		North Carolina - 1.1%
		North Carolina Eastern Municipal Power
	1,325	4.00%, 01/01/2020		1,469
		North Carolina Medical Care Commission Retirement FA Rev, First Mortgage Galloway Ridge
	1,555	5.88%, 01/01/2031		1,742
		North Carolina State Medical Care Commission, Galloway Ridge, Inc.
	1,000	6.00%, 01/01/2039		1,101
				4,312
		Ohio - 3.9%
		Allen County, OH, Hospital Fac Rev
	2,000	5.00%, 05/01/2023		2,341
		Buckeye Tobacco Settlement FA
	4,000	5.88%, 06/01/2047		3,160
		Buckeye, OH, Tobacco Settlement FA
	4,580	6.00%, 06/01/2042		3,630
		Dayton, OH, City School Dist
	2,000	5.00%, 11/01/2027		2,425
		Lancaster, OH, Gas Rev
	2,275	0.70%, 02/01/2019 Δ		2,286
		Ohio State Cultural Sports Fac Building Projects
	1,235	5.00%, 04/01/2020		1,451
				15,293
		Oregon - 0.5%
		Port of Portland, Oregon Airport Rev
	1,750	5.00%, 07/01/2031 - 07/01/2032		2,003
		Other U.S. Territories - 0.2%
		Puerto Rico Highway and Transportation Auth
	705	4.95%, 07/01/2026		703

The accompanying notes are an integral part of these financial statements.

7

The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2014 

(000’s Omitted) 

Shares or Principal Amount			Market Value ╪
Municipal Bonds - 95.7% - (continued)
		Pennsylvania - 5.1%
		Allegheny County, PA, Industrial DA Charter School
$	985	6.75%, 08/15/2035	$	1,082
		Montgomery County, PA, Higher Education and Health
	1,165	5.00%, 10/01/2023		1,316
		Pennsylvania State GO
	4,525	5.00%, 07/01/2021		5,426
	1,000	7.00%, 07/15/2028		1,112
		Pennsylvania State IDA
	2,250	5.00%, 07/01/2021		2,618
		Pennsylvania State Turnpike Commission Rev
	575	0.93%, 12/01/2020 Δ		579
	575	1.03%, 12/01/2021 Δ		581
	1,335	6.00%, 06/01/2028		1,536
		Philadelphia, PA, Municipal Auth
	750	6.38%, 04/01/2029		875
	800	6.50%, 04/01/2034		926
		Pittsburgh, PA, School Dist GO
	2,325	5.00%, 09/01/2021 - 09/01/2023		2,716
		Susquehanna, PA, Regional Airport Auth System Rev
	1,000	5.00%, 01/01/2019		1,096
				19,863
		Rhode Island - 1.3%
		Cranston, RI, GO
	1,415	5.00%, 07/01/2019		1,616
		Rhode Island State & Providence Plantations
	1,500	4.00%, 10/01/2018		1,654
		Rhode Island State Health & Educational Bldg Corp.
	1,655	4.00%, 05/15/2017		1,761
				5,031
		South Carolina - 0.1%
		Lancaster County, SC, Sun City Assessment
	1,987	0.00%, 11/01/2017 ●		397
		South Dakota - 0.6%
		South Dakota State Education Enhancement
	1,000	5.00%, 06/01/2026		1,114
		South Dakota State Health & Educational FA
	1,000	5.00%, 11/01/2029		1,161
		South Dakota State Housing DA
	185	6.13%, 05/01/2033		185
				2,460
		Texas - 8.8%
		Arlington, TX, Higher Education Fin
	1,000	5.00%, 08/15/2027		1,194
		Barbers Hill Ind School Dist, GO
	2,875	5.00%, 02/15/2026 ☼		3,528
		Brazos Harbor, TX, Industrial Development Corp.
	1,500	5.90%, 05/01/2038		1,632
		Dallas, TX, Ind School Dist GO
	1,350	5.00%, 08/15/2034 ‡		1,396
		Dallas-Fort Worth, TX, International Airport Fac Improvement Corp.
	2,000	6.15%, 01/01/2016		2,037
		El Paso, TX, ISD, GO
	2,860	5.00%, 08/15/2026		3,170
		Lower Colorado River, TX, Auth Rev
	55	7.25%, 05/15/2037		57
		North East TX ISD, GO
	1,000	5.00%, 08/01/2028		1,197
		North Texas Tollway Auth Rev
	2,995	5.00%, 01/01/2022		3,504
		San Antonio, TX, Airport System Rev
	1,985	5.00%, 07/01/2023		2,309
		San Antonio, TX, Water Rev
	2,200	5.00%, 05/15/2026		2,648
		Texas State Public FA Charter School
	3,555	5.38%, 02/15/2037		3,606
		Texas State Transportation Commission
	1,500	0.39%, 04/01/2032 ‡Δ		1,503
		Travis County, TX, Health Fac Development
	2,000	7.13%, 11/01/2040		2,317
		Travis County, TX, Health Fac, Querencia Barton Creek Project
	600	5.65%, 11/15/2035		607
		Wylie, TX, ISD, GO
	3,500	1.55%, 08/15/2018 ○‡		3,352
				34,057
		Vermont - 0.2%
		Vermont State Econ DA Waste
	900	4.75%, 04/01/2036 ■		926
		Virginia - 2.1%
		Norfolk, VA, Redev & Housing Auth Rev Obligor: Fort Norfolk Retirement Community, Inc.
	1,005	6.13%, 01/01/2035		1,008
		Virginia Public Building Auth
	4,000	5.00%, 08/01/2023		4,918
		Washington County, VA, Industrial DA Hospital
	1,750	7.75%, 07/01/2038		2,057
				7,983
		Washington - 3.4%
		Grant County, WA, Utility Dist #2
	3,730	5.00%, 01/01/2022 - 01/01/2023		4,417
		Washington State Health Care Fac Auth
	500	4.00%, 11/15/2015		519
	3,650	5.00%, 03/01/2029 - 10/01/2042		4,262
		Washington State Health Care Fac Auth, VA Mason Medical
	3,600	6.13%, 08/15/2037		3,962
				13,160
		West Virginia - 0.5%
		West Virginia State Hospital FA
	1,900	9.13%, 10/01/2041		2,028
		Wisconsin - 2.9%
		Milwaukee County, WI, Airport Rev
	1,790	5.00%, 12/01/2025 ☼		2,077
		Wisconsin Health and Educational Fac, Iowa Health System Obligated Group
	1,700	5.00%, 12/01/2028		2,001
		Wisconsin State GO
	2,685	5.75%, 05/01/2033		3,166
	1,295	6.00%, 05/01/2036		1,535

The accompanying notes are an integral part of these financial statements. 

8

The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2014 

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Municipal Bonds - 95.7% - (continued)
		Wisconsin - 2.9% - (continued)
		Wisconsin State Health and Educational Fac Auth Rev
$	2,465	5.25%, 08/15/2024			$	2,596
						11,375
		Total Municipal Bonds
		(Cost $355,121)			$	372,643
		Total Long-Term Investments
		(Cost $355,121)			$	372,643
Short-Term Investments - 5.4%
		Other Investment Pools and Funds - 5.4%
	20,912	JP Morgan Tax Free Money Market Fund			$	20,912
		Total Short-Term Investments
		(Cost $20,912)			$	20,912
		Total Investments
		(Cost $376,033) ▲	101.1	%	$	393,555
		Other Assets and Liabilities	(1.1	)%		(4,290	)
		Total Net Assets	100.0	%	$	389,265

The accompanying notes are an integral part of these financial statements.

9

The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $376,033 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	21,225
Unrealized Depreciation		(3,703	)
Net Unrealized Appreciation	$	17,522

● Non-income producing.  For long-term debt securities, items identified are in default as to payment of interest and/or principal.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

○ The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $7,179, which represents 1.8% of total net assets.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $11,922 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Municipal Bond Abbreviations:
AMT	Alternative Minimum Tax
DA	Development Authority
FA	Finance Authority
GO	General Obligation
IDA	Industrial Development Authority
ISD	Independent School District
PA	Port Authority
Rev	Revenue
USD	United School District
VA	Veterans Administration

The accompanying notes are an integral part of these financial statements.

10

The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Municipal Bonds	$	372,643	$	–	$	372,643	$	–
Short-Term Investments		20,912		20,912		–		–
Total	$	393,555	$	20,912	$	372,643	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

11

The Hartford Municipal Opportunities Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $376,033)	$	393,555
Receivables:
Investment securities sold		4,936
Fund shares sold		1,585
Interest		4,810
Other assets		98
Total assets		404,984
Liabilities:
Payables:
Investment securities purchased		15,086
Fund shares redeemed		270
Investment management fees		41
Dividends		146
Distribution fees		27
Accrued expenses		37
Other liabilities		112
Total liabilities		15,719
Net assets	$	389,265
Summary of Net Assets:
Capital stock and paid-in-capital	$	400,543
Undistributed net investment income		132
Accumulated net realized loss		(28,932	)
Unrealized appreciation of investments		17,522
Net assets	$	389,265
Shares authorized		650,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$8.53/$8.93
Shares outstanding		22,569
Net assets	$	192,531
Class B: Net asset value per share	$	8.53
Shares outstanding		377
Net assets	$	3,216
Class C: Net asset value per share	$	8.54
Shares outstanding		10,680
Net assets	$	91,177
Class I: Net asset value per share	$	8.55
Shares outstanding		11,972
Net assets	$	102,341

The accompanying notes are an integral part of these financial statements.

12

The Hartford Municipal Opportunities Fund

Statement of Operations

For the Year Ended October 31, 2014  

(000’s Omitted)

Investment Income:
Interest	$	12,797
Total investment income		12,797
Expenses:
Investment management fees		1,815
Transfer agent fees
Class A		62
Class B		4
Class C		44
Class I		32
Distribution fees
Class A		413
Class B		36
Class C		855
Custodian fees		4
Accounting services fees		59
Registration and filing fees		86
Board of Directors' fees		9
Audit fees		13
Other expenses		37
Total expenses (before waivers)		3,469
Expense waivers		(18	)
Management fee waivers		(165	)
Total waivers		(183	)
Total expenses, net		3,286
Net Investment Income		9,511
Net Realized Gain on Investments:
Net realized gain on investments		2,243
Net Realized Gain on Investments		2,243
Net Changes in Unrealized Appreciation of Investments:
Net unrealized appreciation of investments		9,378
Net Changes in Unrealized Appreciation of Investments		9,378
Net Gain on Investments		11,621
Net Increase in Net Assets Resulting from Operations	$	21,132

The accompanying notes are an integral part of these financial statements.

13

The Hartford Municipal Opportunities Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the  Year Ended October 31, 2014			For the  Year Ended October 31, 2013
Operations:
Net investment income	$	9,511		$	11,540
Net realized gain on investments		2,243			5,066
Net unrealized appreciation (depreciation) of investments		9,378			(23,491	)
Net Increase (Decrease) in Net Assets Resulting from Operations		21,132			(6,885	)
Distributions to Shareholders:
From net investment income
Class A		(4,987	)		(6,237	)
Class B		(83	)		(134	)
Class C		(1,949	)		(2,814	)
Class I		(2,442	)		(2,442	)
Total distributions		(9,461	)		(11,627	)
Capital Share Transactions:
Class A		32,903			(39,682	)
Class B		(1,067	)		(1,179	)
Class C		1,357			(25,394	)
Class I		40,582			(15,824	)
Net increase (decrease) from capital share transactions		73,775			(82,079	)
Net Increase (Decrease) in Net Assets		85,446			(100,591	)
Net Assets:
Beginning of period		303,819			404,410
End of period	$	389,265		$	303,819
Undistributed (distributions in excess of) net investment income	$	132		$	82

The accompanying notes are an integral part of these financial statements.

14

The Hartford Municipal Opportunities Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Municipal Opportunities Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs.   All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available.  There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

15

The Hartford Municipal Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date. 

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with

16

The Hartford Municipal Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared daily and paid monthly. Dividends from realized gains, if any, are paid at least once a year.  

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of

17

The Hartford Municipal Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment and extension risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e. yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

18

The Hartford Municipal Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Tax Exempt Income	$	9,362	$	11,647
Ordinary Income		73		68

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	279
Accumulated Capital Losses*		(28,933	)
Unrealized Appreciation†		17,522
Total Accumulated Deficit	$	(11,132	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund had no reclassifications.

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

Year of Expiration	Amount
2017	$	12,266
2018		6,121
2019		10,546
Total	$	28,933
During the year ended October 31, 2014, the Fund utilized $2,243 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to

19

The Hartford Municipal Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.5500%
On next $500 million	0.5000%
On next $1.5 billion	0.4750%
On next $2.5 billion	0.4650%
On next $5 billion	0.4550%
Over $10 billion	0.4450%

Effective November 1, 2013, the investment manager voluntarily agreed to waive investment management fees of 0.05% of average daily net assets until October 31, 2014. These amounts are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.018%
On next $5 billion	0.014%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. Effective November 1, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I
0.90%	1.65%	1.65%	0.65%

20

The Hartford Municipal Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Effective November 1, 2013, the investment manager voluntarily agreed to limit the total operating expenses of the Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses through October 31, 2014, as follows:

Class A	Class B	Class C	Class I
0.85%	1.60%	1.60%	0.60%

Distribution and Service Plan for Class A, B and C Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $509 and contingent deferred sales charges of $9 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B and C shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	161,598	$	—	$	161,598
Sales Proceeds		92,975		—		92,975

21

The Hartford Municipal Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		9,412		547		(6,068	)		3,891			4,220		662		(9,624	)		(4,742	)
Amount	$	79,059	$	4,576	$	(50,732	)	$	32,903		$	36,404	$	5,624	$	(81,710	)	$	(39,682	)
Class B
Shares		6		8		(143	)		(129	)		23		12		(175	)		(140	)
Amount	$	55	$	64	$	(1,186	)	$	(1,067	)	$	192	$	105	$	(1,476	)	$	(1,179	)
Class C
Shares		2,441		191		(2,489	)		143			1,331		265		(4,633	)		(3,037	)
Amount	$	20,487	$	1,601	$	(20,731	)	$	1,357		$	11,433	$	2,260	$	(39,087	)	$	(25,394	)
Class I
Shares		7,906		195		(3,279	)		4,822			3,190		205		(5,251	)		(1,856	)
Amount	$	66,313	$	1,641	$	(27,372	)	$	40,582		$	27,001	$	1,745	$	(44,570	)	$	(15,824	)
Total
Shares		19,765		941		(11,979	)		8,727			8,764		1,144		(19,683	)		(9,775	)
Amount	$	165,914	$	7,882	$	(100,021	)	$	73,775		$	75,030	$	9,734	$	(166,843	)	$	(82,079	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		1	$	7
For the Year Ended October 31, 2013		3	$	22

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

22

The Hartford Municipal Opportunities Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

23

The Hartford Municipal Opportunities Fund

Financial Highlights

	- Selected Per-Share Data - (A)																							- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	8.24	$	0.25	$	0.30		$	0.55		$	(0.26	)	$	–	$	(0.26	)	$	8.53		6.70	%	$	192,531		0.90	%		0.85	%		3.03	%
B		8.23		0.19		0.30			0.49			(0.19	)		–		(0.19	)		8.53		6.04			3,216		1.72			1.60			2.30
C		8.24		0.19		0.30			0.49			(0.19	)		–		(0.19	)		8.54		6.03			91,177		1.66			1.60			2.29
I		8.25		0.27		0.31			0.58			(0.28	)		–		(0.28	)		8.55		7.08			102,341		0.65			0.60			3.26
For the Year Ended October 31, 2013
A	$	8.66	$	0.29	$	(0.42	)	$	(0.13	)	$	(0.29	)	$	–	$	(0.29	)	$	8.24		(1.58	)%	$	153,818		0.91	%		0.91	%(D)		3.35	%
B		8.66		0.22		(0.43	)		(0.21	)		(0.22	)		–		(0.22	)		8.23		(2.44	)		4,161		1.72			1.66	(D)		2.60
C		8.67		0.22		(0.43	)		(0.21	)		(0.22	)		–		(0.22	)		8.24		(2.44	)		86,844		1.66			1.66	(D)		2.60
I		8.68		0.31		(0.43	)		(0.12	)		(0.31	)		–		(0.31	)		8.25		(1.45	)		58,996		0.66			0.66	(D)		3.60
For the Year Ended October 31, 2012 (E)
A	$	8.01	$	0.34	$	0.65		$	0.99		$	(0.34	)	$	–	$	(0.34	)	$	8.66		12.58	%	$	202,931		0.91	%		0.91	%(D)		4.05	%
B		8.01		0.28		0.65			0.93			(0.28	)		–		(0.28	)		8.66		11.75			5,597		1.72			1.66	(D)		3.32
C		8.02		0.28		0.65			0.93			(0.28	)		–		(0.28	)		8.67		11.73			117,699		1.67			1.66	(D)		3.31
I		8.03		0.36		0.65			1.01			(0.36	)		–		(0.36	)		8.68		12.83			78,183		0.67			0.66	(D)		4.31
For the Year Ended October 31, 2011 (E)
A	$	8.47	$	0.44	$	(0.46	)	$	(0.02	)	$	(0.44	)	$	–	$	(0.44	)	$	8.01		0.03	%	$	177,569		0.94	%		0.93	%(D)		5.58	%
B		8.47		0.38		(0.46	)		(0.08	)		(0.38	)		–		(0.38	)		8.01		(0.72	)		5,739		1.75			1.68	(D)		4.84
C		8.48		0.38		(0.46	)		(0.08	)		(0.38	)		–		(0.38	)		8.02		(0.72	)		103,439		1.70			1.68	(D)		4.83
I		8.49		0.46		(0.46	)		–			(0.46	)		–		(0.46	)		8.03		0.28			69,575		0.70			0.68	(D)		5.82
For the Year Ended October 31, 2010 (E)
A	$	8.02	$	0.45	$	0.45		$	0.90		$	(0.45	)	$	–	$	(0.45	)	$	8.47		11.56	%	$	238,332		0.92	%		0.92	%(F)		5.49	%
B		8.01		0.38		0.47			0.85			(0.39	)		–		(0.39	)		8.47		10.82			7,475		1.72			1.72	(F)		4.68
C		8.02		0.39		0.46			0.85			(0.39	)		–		(0.39	)		8.48		10.85			128,723		1.68			1.68	(F)		4.72
I		8.03		0.47		0.46			0.93			(0.47	)		–		(0.47	)		8.49		11.93			81,795		0.68			0.68	(F)		5.72

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Excluding the expenses not subject to cap, the ratio would have been 0.90%, 1.65%, 1.65% and 0.65% for Class A, Class B, Class C and Class I, respectively.

(E) Net investment income (loss) per share amounts have been calculated using the SEC method.

(F) Excluding the expenses not subject to cap, the ratio would have been 0.90%, 1.70%, 1.66% and 0.66% for Class A, Class B, Class C and Class I, respectively.

See Portfolio Turnover information on the next page.

24

The Hartford Municipal Opportunities Fund

Financial Highlights – (continued)

	Portfolio Turnover  Rate for  All Share Classes
For the Year Ended October 31, 2014		29	%
For the Year Ended October 31, 2013		37
For the Year Ended October 31, 2012		51
For the Year Ended October 31, 2011		41
For the Year Ended October 31, 2010		15

25

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Municipal Opportunities Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Municipal Opportunities Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota December 18, 2014

26

The Hartford Municipal Opportunities Fund

Directors and Officers (Unaudited)  

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

27

The Hartford Municipal Opportunities Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

28

The Hartford Municipal Opportunities Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

29

The Hartford Municipal Opportunities Fund

Federal Tax Information (Unaudited)   

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

30

The Hartford Municipal Opportunities Fund

Expense Example (Unaudited)   

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,035.10	$	4.37	$	1,000.00	$	1,020.91	$	4.34		0.85	%	184	365
Class B	$	1,000.00	$	1,031.20	$	8.19	$	1,000.00	$	1,017.14	$	8.14		1.60		184	365
Class C	$	1,000.00	$	1,031.20	$	8.19	$	1,000.00	$	1,017.14	$	8.14		1.60		184	365
Class I	$	1,000.00	$	1,036.30	$	3.08	$	1,000.00	$	1,022.18	$	3.06		0.60		184	365

31

The Hartford Municipal Opportunities Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Municipal Opportunities Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

32

The Hartford Municipal Opportunities Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 5^th quintile of its performance universe for the 1-year period, the 2^nd quintile for the 3-year period and the 1^st quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and above its benchmark for the 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

33

The Hartford Municipal Opportunities Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 3^rd quintile of its expense group, while its actual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile.The Board noted that the Fund has an automatically renewable contractual expense cap for each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

34

The Hartford Municipal Opportunities Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

35

The Hartford Municipal Opportunities Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Muni Bond Risk: Municipal securities are subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price), call risk (the risk that an investment may be redeemed early), and risks related to changes in the tax-exempt status of the securities.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

AMT Risk: Income from the Fund may be subject to income tax, including the Alternative Minimum Tax. 

36

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-M014 12/14 113994-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD QUALITY BOND FUND   2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Quality Bond Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	10
Statement of Operations for the Year Ended October 31, 2014	11
Statement of Changes in Net Assets for the Year Ended October 31, 2014, and for the Period November 30, 2012 (commencement of operations) through October 31, 2013	12
Notes to Financial Statements	13
Financial Highlights	27
Report of Independent Registered Public Accounting Firm	28
Directors and Officers (Unaudited)	29
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	31
Quarterly Portfolio Holdings Information (Unaudited)	31
Federal Tax Information (Unaudited)	32
Expense Example (Unaudited)	33
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	34
Main Risks (Unaudited)	38

The views expressed in the Fund’s Manager Discussion under “Why did the Fund perform this way?” and “What is the outlook?” are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Quality Bond Fund inception 11/30/2012

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to maximize total return while providing a high level of current income consistent with prudent investment risk.

Performance Overview 11/30/12 - 10/31/14

 

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			Since      Inception▲
Quality Bond  A#		4.48	%		1.62	%
Quality Bond  A##		-0.22	%		-0.79	%
Quality Bond  C#		3.75	%		0.87	%
Quality Bond  C##		2.75	%		0.87	%
Quality Bond  I#		4.83	%		1.88	%
Quality Bond  R3#		4.17	%		1.25	%
Quality Bond  R4#		4.53	%		1.57	%
Quality Bond  R5#		4.79	%		1.85	%
Quality Bond  Y#		4.84	%		1.89	%
Barclays U.S. Aggregate Bond Index		4.14	%		1.47	%

▲ Inception: 11/30/2012

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index. 

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Quality Bond Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Quality Bond  Class A		0.95	%		1.28	%
Quality Bond  Class C		1.70	%		2.03	%
Quality Bond  Class I		0.70	%		1.03	%
Quality Bond  Class R3		1.25	%		1.72	%
Quality Bond  Class R4		0.95	%		1.42	%
Quality Bond  Class R5		0.65	%		1.12	%
Quality Bond  Class Y		0.60	%		1.02	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Manager

Michael F. Garrett

Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Quality Bond Fund returned 4.48%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the Barclays U.S. Aggregate Bond Index, which returned 4.14% for the same period. The Fund also outperformed the 3.90% return of the Lipper U.S. Mortgage Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter Gross Domestic Product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

The Fund outperformed its benchmark during the twelve month-period. Sector allocation and yield curve positioning were the main contributors to benchmark-relative performance during the period. The Fund’s curve flattening bias added to benchmark-relative performance as the decline in long Treasury yields outpaced shorter dated maturities. The Fund’s structural underweight to corporate credit detracted from returns during the period, but allocations to other securitized sectors more than made up for the shortfall. For example, the allocation to non-agency Residential Mortgage-Backed Securities (RMBS) and agency Collateralized Mortgage Obligations (CMOs) helped relative performance for the period. An allocation to Federal National Mortgage Association Delegated Underwriting and Servicing bonds (Fannie Mae DUS bonds) and an overweight to Commercial Mortgage-Backed Securities (CMBS) was also positive, as was coupon-positioning and security selection within 30-year Government National Mortgage Association (GNMA) securities. On the other hand, coupon positioning within 30- year conventionals (Federal National Mortgage Association and Federal Home Loan Mortgage Corporation) detracted from relative performance for the year, as did the Fund’s duration positioning.

3

The Hartford Quality Bond Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

The Fund maintains a structural overweight to Mortgage-Backed Securities (MBS) as we believe over the long term it should offer better return potential with lower volatility than the corporate or government bond sectors. Tactically, however, we remain cautious on the agency MBS market, and continue to expect spreads to widen from current levels. The Fed’s tapering of MBS purchases ended in October as expected, and although the settlement of new purchases will extend out until January, we expect net supply to continue to increase. This leaves market participants, driven by relative value rather than monetary policy, as the marginal purchaser of newly issued MBS, and we believe they will require wider spreads. Within the securitized sectors, we own fewer pass-throughs, allocating instead to Fannie Mae DUS bonds, CMOs and structured credit. These assets produce a significant spread advantage to corporate bonds of similar credit risk. We continue to be patient and let the rates, volatility, and MBS markets react to the Fed’s exit over the course of the next few months.

We expect home-price appreciation and credit performance to continue to stabilize in 2015; still improving, but at a slower pace than 2014. This is a positive for the market, and consequently, we maintain our constructive outlook on the non-agency RMBS sector with long-term projected loss-adjusted yields in the range of 4% to 5%.

We remain constructive on CMBS, as the sector appears to be supported by a recovering economy, a better lending environment for commercial real estate, and a manageable near-term loan maturity schedule. Overall, the outlook for commercial real estate fundamentals appears strong, with decent demand and limited new construction. Underwriting standards continue to deteriorate, and vary greatly by deal. This credit-quality dispersion across deals should, in our view, result in greater tiering by the market. Valuations remain relatively attractive with room for spread tightening, as the sector remains attractive relative to corporates. Within the sector, we favor high-quality, new-issue conduit deals, select legacy CMBS, and single-borrower deals.

Looking ahead across Asset-Backed Securities sectors, we expect improvements in the economy to be partially offset by increased lending and modestly weaker underwriting standards. We believe this may cause credit performance in 2014 to fall short of post-crisis bests but still exceed long-term averages. Given this supportive backdrop, we remain constructive on the sector.

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Aaa/ AAA		82.7	%
Aa/ AA		9.9
A		2.9
Baa/ BBB		2.5
B		0.5
Caa/ CCC or Lower		5.2
Not Rated		3.1
Short-Term Instruments		48.8
Other Assets and Liabilities		(55.6	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		28.1	%
Municipal Bonds		0.4
U.S. Government Agencies		74.8
U.S. Government Securities		3.5
Total		106.8	%
Short-Term Investments		48.8
Other Assets and Liabilities		(55.6	)
Total		100.0	%

4

The Hartford Quality Bond Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 28.1%
		Finance and Insurance - 27.4%
		Ally Automotive Receivables Trust
$	60	3.38%, 09/15/2017 ■	$	60
		Ally Master Owner Trust
	250	1.72%, 07/15/2019		252
		American Credit Acceptance Receivables
	46	1.64%, 11/15/2016 ■		47
		AmeriCredit Automobile Receivables Trust
	11	2.76%, 05/09/2016 ‡		11
	250	3.38%, 04/09/2018 ‡		257
	250	4.98%, 01/08/2018 ‡		253
		Asset Backed Securities Corp Home Equity
	212	0.66%, 08/25/2034 ‡Δ		200
		Cabela's Master Credit Card Trust
	170	0.60%, 07/15/2022 Δ		170
		Carfinance Capital Automotive Trust
	21	1.65%, 07/17/2017 ■‡		21
		Carlyle Global Market Strategies
	250	1.75%, 04/17/2025 ■‡Δ		250
		CIFC Funding Ltd.
	225	1.38%, 08/14/2024 ■‡Δ		224
		Connecticut Avenue Securities Series
	50	2.75%, 05/25/2024 Δ		45
	300	4.55%, 01/25/2024 Δ		316
	100	5.40%, 10/25/2023 Δ		111
		Dryden Senior Loan Fund
	250	1.70%, 07/15/2026 ■Δ		249
		First Horizon Mortgage Pass-Through Trust
	247	2.56%, 08/25/2037 Δ		203
		First Investors Automotive Owner Trust
	150	2.47%, 05/15/2018 ■		152
		FREMF Mortgage Trust
	153	3.60%, 11/25/2046 ■‡Δ		156
	165	4.38%, 06/25/2047 ■‡Δ		170
	200	4.69%, 10/25/2030 ■‡Δ		212
		Greenwich Capital Commercial Funding Corp.
	241	5.44%, 03/10/2039 ‡Δ		259
		GSR Mortgage Loan Trust
	203	2.55%, 04/25/2036 Δ		173
		IndyMac Index Mortgage Loan Trust
	103	2.80%, 06/25/2036 ‡Δ		78
	77	5.00%, 08/25/2036 ‡Δ		77
		JP Morgan Mortgage Trust
	178	3.00%, 09/25/2044 ■		181
		LB-UBS Commercial Mortgage Trust
	90	5.37%, 09/15/2039 ‡Δ		96
		Magnetite CLO Ltd.
	250	1.71%, 04/15/2026 ■‡Δ		249
	250	2.23%, 07/25/2026 ■‡Δ		242
		Morgan Stanley Dean Witter Capital I
	79	1.70%, 03/25/2033 ‡Δ		74
		Morgan Stanley Re-Remic Trust
	389	5.99%, 08/15/2045 ■‡Δ		422
		MortgageIT Trust
	226	0.47%, 02/25/2035 ‡Δ		220
		Residential Accredit Loans, Inc.
	256	3.55%, 09/25/2035 ‡Δ		214
		Residential Funding Mortgage Securities, Inc.
	174	2.78%, 09/25/2035 ‡Δ		161
	263	3.22%, 02/25/2036 ‡Δ		234
	175	5.75%, 01/25/2036 ‡		144
		Santander Drive Automotive Receivables Trust
	92	3.82%, 08/15/2017 ‡		94
		Sequoia Mortgage Trust
	107	0.39%, 02/20/2035 ‡Δ		103
		SpringCastle America Funding LLC
	205	2.70%, 05/25/2023 ■		205
		Springleaf Funding Trust
	110	2.41%, 12/15/2022 ■		110
		Springleaf Mortgage Loan Trust
	200	2.31%, 06/25/2058 ■		197
	155	3.52%, 12/25/2065 ■		158
		Washington Mutual Mortgage Pass-Through
	44	0.31%, 02/25/2037 ‡Δ		30
	228	5.50%, 03/25/2035		223
		Wells Fargo Mortgage Backed Securities Trust
	218	2.63%, 10/25/2036 ‡Δ		205
		Westlake Automobile Receivables Trust
	200	2.24%, 04/15/2020 ■		200
				7,708
		Transportation Equipment Manufacturing - 0.7%
		TAL Advantage LLC
	188	2.83%, 02/22/2038 ■		185
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $7,800)	$	7,893
Municipal Bonds - 0.4%
		Utilities - Combined - 0.4%
		Utility Debt Securitization Auth, New York
$	110	3.44%, 12/15/2025 ‡	$	114
		Total Municipal Bonds
		(Cost $110)	$	114
U.S. Government Agencies - 74.8%
		FHLMC - 18.7%
$	3,700	1.67%, 08/25/2040 ►	$	255
	695	1.71%, 07/25/2041 ►		81
	2,250	1.81%, 11/25/2040 ►		262
	2,200	3.00%, 11/15/2029 - 11/15/2044 ☼,Ð		2,209
	200	3.50%, 11/15/2029 ☼,Ð		211
	970	4.00%, 11/15/2044 ☼,Ð		1,029
	1,100	4.50%, 11/15/2044 ☼,Ð		1,191
				5,238
		FNMA - 42.2%
	5	2.29%, 10/01/2022		5
	259	2.48%, 08/01/2022		258
	484	2.71%, 12/01/2027		466
	25	2.76%, 05/01/2021		26
	5	2.78%, 04/01/2022		5
	365	2.95%, 01/01/2028		358
	5	2.98%, 01/01/2022		5
	1,665	3.00%, 11/15/2044 ☼,Ð		1,665
	5	3.20%, 04/01/2022		5
	25	3.21%, 05/01/2023		26
	15	3.34%, 04/01/2024		16
	5	3.45%, 01/01/2024		5

The accompanying notes are an integral part of these financial statements.  

5

The Hartford Quality Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
U.S. Government Agencies - 74.8% - (continued)
		FNMA - 42.2% - (continued)
$	5	3.47%, 01/01/2024			$	5
	4,900	3.50%, 11/15/2044 - 12/15/2044 ☼,Ð				5,063
	250	3.54%, 02/01/2024				265
	15	3.67%, 08/01/2023				16
	5	3.76%, 03/01/2024				5
	5	3.86%, 12/01/2025				5
	15	3.87%, 10/01/2025				16
	15	3.89%, 05/01/2030				16
	15	3.93%, 10/01/2023				17
	5	3.96%, 05/01/2034				5
	10	3.97%, 05/01/2029				11
	1,333	4.00%, 11/15/2029 - 11/15/2044 ☼,Ð				1,415
	510	4.06%, 10/01/2028 - 03/01/2030				552
	1,499	4.50%, 08/01/2041 - 11/15/2044 ☼,Ð				1,627
						11,858
		GNMA - 13.9%
	500	3.00%, 11/15/2044 ☼,Ð				510
	700	3.50%, 11/15/2044 ☼,Ð				731
	900	4.00%, 11/15/2044 ☼,Ð				962
	217	4.50%, 09/20/2041 - 11/15/2044 ☼,Ð				237
	399	5.00%, 07/15/2039 - 12/15/2044 ☼,Ð				442
	100	5.50%, 11/15/2044 ☼,Ð				111
	812	6.00%, 07/15/2037 - 09/15/2040				916
						3,909
		Total U.S. Government Agencies
		(Cost $21,011)			$	21,005
U.S. Government Securities - 3.5%
U.S. Treasury Securities - 3.5%
		U.S. Treasury Notes - 3.5%
$	975	2.00%, 02/15/2022 ‡			$	970
		Total U.S. Government Securities
		(Cost $966)			$	970
		Total Long-Term Investments
		(Cost $29,887)			$	29,982
Short-Term Investments - 48.8%
Repurchase Agreements - 48.8%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $39, collateralized by U.S. Treasury Note 1.50%, 2019, value of $40)
$	39	0.08%, 10/31/2014 ‡			$	39
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $667, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $680)
	667	0.09%, 10/31/2014 ‡				667
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $179, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $183)
	179	0.08%, 10/31/2014 ‡				179
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $607, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $619)
	607	0.10%, 10/31/2014 ‡				607
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,288, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $2,334)
	2,288	0.08%, 10/31/2014 ‡				2,288
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,630, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $2,683)
	2,630	0.09%, 10/31/2014 ‡				2,630
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $152, collateralized by U.S. Treasury Note 0.88%, 2017, value of $155)
	152	0.13%, 10/31/2014 ‡				152
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $224, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $228)
	224	0.07%, 10/31/2014 ‡				224
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,354, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $2,401)
	2,354	0.08%, 10/31/2014 ‡				2,354
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,562, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $4,653)
	4,562	0.10%, 10/31/2014 ‡				4,562
						13,702
		Total Short-Term Investments
		(Cost $13,702)			$	13,702
		Total Investments
		(Cost $43,589) ▲	155.6	%	$	43,684
		Other Assets and Liabilities	(55.6	)%		(15,602	)
		Total Net Assets	100.0	%	$	28,082

The accompanying notes are an integral part of these financial statements.

6

The Hartford Quality Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease.

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $43,600 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	220
Unrealized Depreciation		(136	)
Net Unrealized Appreciation	$	84

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

► Securities disclosed are interest-only strips.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $3,690, which represents 13.1% of total net assets.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $15,113 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

Ð Represents or includes a TBA transaction.

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
Futures contracts	$	52	$	–
Total	$	52	$	–

Futures Contracts Outstanding at October 31, 2014

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
U.S. Treasury 10-Year Note Future		19	12/19/2014	$	2,409	$	2,401	$	–	$	(8	)	$	–	$	(4	)
U.S. Treasury 2-Year Note Future		6	12/31/2014		1,312		1,317		5		–			–		–
U.S. Treasury 5-Year Note Future		9	12/31/2014		1,082		1,075		–		(7	)		–		(1	)
U.S. Treasury CME Ultra Long Term Bond Future		8	12/19/2014		1,234		1,254		20		–			–		(5	)
Total								$	25	$	(15	)	$	–	$	(10	)
Short position contracts:
U.S. Treasury Long Bond Future		2	12/19/2014	$	293	$	282	$	11	$	–		$	1	$	–
Total futures contracts								$	36	$	(15	)	$	1	$	(10	)

* The number of contracts does not omit 000's.

The accompanying notes are an integral part of these financial statements.

7

The Hartford Quality Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

TBA Sale Commitments Outstanding at October 31, 2014

Description	Principal Amount		Maturity Date	Market Value ╪		Unrealized Appreciation/ Depreciation
FHLMC, 3.00%	$	1,300	11/15/2044	$	1,301	$	(8	)
FHLMC, 3.50%		490	11/15/2044		506		(4	)
FHLMC, 5.00%		200	11/15/2044		221		–
FNMA, 2.50%		700	11/15/2029		710		7
FNMA, 3.00%		100	11/15/2029		104		–
FNMA, 3.50%		1,200	11/15/2029		1,268		2
GNMA, 3.50%		300	11/15/2044		314		1
GNMA, 4.50%		600	11/15/2044		654		(3	)
Total				$	5,078	$	(5	)

At October 31, 2014, the aggregate market value of these securities represents 18.1% of total net assets.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Other Abbreviations:
CLO	Collateralized Loan Obligation
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
TBA	To Be Announced

The accompanying notes are an integral part of these financial statements.

8

The Hartford Quality Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	7,893	$	–	$	6,761	$	1,132
Municipal Bonds		114		–		114		–
U.S. Government Agencies		21,005		–		21,005		–
U.S. Government Securities		970		–		970		–
Short-Term Investments		13,702		–		13,702		–
Total	$	43,684	$	–	$	42,552	$	1,132
Futures *	$	36	$	36	$	–	$	–
Total	$	36	$	36	$	–	$	–
Liabilities:
TBA Sale Commitments	$	5,078	$	–	$	5,078	$	–
Total	$	5,078	$	–	$	5,078	$	–
Futures *	$	15	$	15	$	–	$	–
Total	$	15	$	15	$	–	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *		Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	621	$	1	$	25	†	$	2	$	314	$	(25	)	$	194	$	—	$	1,132
Total	$	621	$	1	$	25		$	2	$	314	$	(25	)	$	194	$	—	$	1,132

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $25.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

9

The Hartford Quality Bond Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $29,887)	$	29,982
Investments in repurchase agreements, at market value (cost $13,702)		13,702
Cash		1,451	*
Receivables:
Investment securities sold		13,361
Fund shares sold		—
Interest		49
Variation margin on financial derivative instruments		1
Other assets		53
Total assets		58,599
Liabilities:
TBA sale commitments, at market value (proceeds $5,073)		5,078
Payables:
Investment securities purchased		25,410
Fund shares redeemed		2
Investment management fees		3
Dividends		—
Administrative fees		—
Distribution fees		1
Variation margin on financial derivative instruments		10
Accrued expenses		13
Other liabilities		—
Total liabilities		30,517
Net assets	$	28,082
Summary of Net Assets:
Capital stock and paid-in-capital	$	27,579
Undistributed net investment income		3
Accumulated net realized gain		389
Unrealized appreciation of investments		111
Net assets	$	28,082
Shares authorized		450,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$10.19/$10.67
Shares outstanding		841
Net assets	$	8,568
Class C: Net asset value per share	$	10.15
Shares outstanding		185
Net assets	$	1,882
Class I: Net asset value per share	$	10.20
Shares outstanding		208
Net assets	$	2,119
Class R3: Net asset value per share	$	10.17
Shares outstanding		201
Net assets	$	2,048
Class R4: Net asset value per share	$	10.19
Shares outstanding		202
Net assets	$	2,060
Class R5: Net asset value per share	$	10.20
Shares outstanding		203
Net assets	$	2,072
Class Y: Net asset value per share	$	10.20
Shares outstanding		915
Net assets	$	9,333

^* Cash of $52 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

10

The Hartford Quality Bond Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Interest	$	364
Total investment income		364
Expenses:
Investment management fees		130
Administrative services fees
Class R3		4
Class R4		3
Class R5		2
Transfer agent fees
Class A		2
Class C		—
Class I		—
Class Y		—
Distribution fees
Class A		17
Class C		19
Class R3		10
Class R4		5
Custodian fees		3
Accounting services fees		4
Registration and filing fees		95
Board of Directors' fees		2
Audit fees		11
Other expenses		11
Total expenses (before waivers)		318
Expense waivers		(102	)
Management fee waivers		(4	)
Total waivers		(106	)
Total expenses, net		212
Net Investment Income		152
Net Realized Gain on Investments and Other Financial Instruments:
Net realized gain on investments		838
Net realized gain on purchased option contracts		3
Net realized loss on TBA sale transactions		(160	)
Net realized gain on futures contracts		235
Net Realized Gain on Investments and Other Financial Instruments		916
Net Changes in Unrealized Appreciation of Investments and Other Financial Instruments:
Net unrealized appreciation of investments		100
Net unrealized depreciation of TBA sale commitments		(3	)
Net unrealized depreciation of futures contracts		(8	)
Net Changes in Unrealized Appreciation of Investments and Other Financial Instruments		89
Net Gain on Investments and Other Financial Instruments		1,005
Net Increase in Net Assets Resulting from Operations	$	1,157

The accompanying notes are an integral part of these financial statements.

11

The Hartford Quality Bond Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Period November 30, 2012*  through October 31, 2013
Operations:
Net investment income	$	152		$	125
Net realized gain (loss) on investments and other financial instruments		916			(484	)
Net unrealized appreciation of investments and other financial instruments		89			22
Net Increase (Decrease) in Net Assets Resulting from Operations		1,157			(337	)
Distributions to Shareholders:
From net investment income
Class A		(48	)		(34	)
Class C		(1	)		(2	)
Class I		(19	)		(13	)
Class R3		(8	)		(6	)
Class R4		(13	)		(10	)
Class R5		(18	)		(13	)
Class Y		(84	)		(60	)
Total distributions		(191	)		(138	)
Capital Share Transactions:
Class A		1,470			6,970
Class C		(422	)		2,288
Class I		4			2,071
Class R3		8			2,006
Class R4		13			2,009
Class R5		18			2,013
Class Y		84			9,059
Net increase from capital share transactions		1,175			26,416
Net Increase in Net Assets		2,141			25,941
Net Assets:
Beginning of period		25,941			—
End of period	$	28,082		$	25,941
Undistributed (distributions in excess of) net investment income	$	3		$	19

^* Commencement of operations.

The accompanying notes are an integral part of these financial statements.

12

The Hartford Quality Bond Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Quality Bond Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available.  There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity

13

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. For more information on specific valuation techniques and unobservable inputs, please see the following table titled "Quantitative Information about Level 3 Fair Value Measurements."                                                              

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund’s Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing

14

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company’s Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Quantitative Information about Level 3 Fair Value Measurements:

Security Type/Valuation Technique	Unobservable Input *	Input Value(s) Range (Weighted Average) ‡	Fair Value at October 31, 2014
Assets:
Asset and Commercial Mortgage Backed Securities
Discounted cash flow	Internal rate of return	2.79% - 5.50% (3.99%)		1,022
	Life expectancy (in months)	53 - 235 (106)
Indicative market quotations	Broker quote †	$100.22		110
Total			$	1,132

* Significant changes to any unobservable inputs may result in a significant change to the fair value.

‡ Unless otherwise noted, inputs were weighted based on the fair value of the investments included in the range.

† The broker quote represents the best available estimate of fair value per share as of October 31, 2014.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

15

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared daily and paid monthly. Dividends from realized gains, if any, are paid at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a

16

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund, as shown on the Schedule of Investments, had open TBA commitments as of October 31, 2014, which may be a part of dollar roll transactions.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund had no inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts

17

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014.

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

As of October 31, 2014 the Fund had no outstanding purchased option or written option contracts. There were no transactions involving written option contracts during the year ended October 31, 2014.

18

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Variation margin receivable *	$	1	$	—	$	—	$	—	$	—	$	—	$	1
Total	$	1	$	—	$	—	$	—	$	—	$	—	$	1
Liabilities:
Variation margin payable *	$	10	$	—	$	—	$	—	$	—	$	—	$	10
Total	$	10	$	—	$	—	$	—	$	—	$	—	$	10

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative appreciation of $21 as reported in the Schedule of Investments.

The ratio of futures market value to net assets at October 31, 2014 was 18.39%, compared to the twelve-month average ratio of 12.26% during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on purchased option contracts	$	3		$	—	$	—	$	—	$	—	$	—	$	3
Net realized gain on futures contracts		235			—		—		—		—		—		235
Total	$	238		$	—	$	—	$	—	$	—	$	—	$	238
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of futures contracts	$	(8	)	$	—	$	—	$	—	$	—	$	—	$	(8	)
Total	$	(8	)	$	—	$	—	$	—	$	—	$	—	$	(8	)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

19

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Futures contracts - variation margin receivable	$	1	$	(1	)	$	—	$	—	$	—
Total subject to a master netting or similar arrangement	$	1	$	(1	)	$	—	$	—	$	—

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
Futures contracts - variation margin payable	$	10	$	(1	)	$	—	$	(52	)	$	—
Total subject to a master netting or similar arrangement	$	10	$	(1	)	$	—	$	(52	)	$	—

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment and extension risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

20

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013 *
Ordinary Income	$	191	$	138

* Commenced operations on November 30, 2012.

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	349
Undistributed Long-Term Capital Gain		75
Unrealized Appreciation*		79
Total Accumulated Earnings	$	503

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	23
Accumulated Net Realized Gain (Loss)		(23	)

21

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014.

During the year ended October 31, 2014, the Fund utilized $407 of prior year short term capital loss carryforwards and $68 of prior year long term capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.500%
On next $500 million	0.450%
On next $1.5 billion	0.445%
On next $2.5 billion	0.440%
On next $5 billion	0.430%
Over $10 billion	0.420%

HFMC contractually agreed to waive investment management fees of 0.05% of average daily net assets until February 28, 2014. These amounts are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

22

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.014%
On next $5 billion	0.012%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. From March 1, 2014 through October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.95%	1.70%	0.70%	1.25%	0.95%	0.65%	0.60%

From November 1, 2013 through February 28, 2014, the investment manager contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.90%	1.65%	0.65%	1.20%	0.90%	0.60%	0.55%

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $19 and contingent deferred sales charges of an amount which rounds to zero from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average

23

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class A		54	%		16	%
Class C		81			5
Class I		98			7
Class R3		100			7
Class R4		100			7
Class R5		100			7
Class Y		100			33

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	311,943	$	2,620	$	314,563
Sales Proceeds		308,953		1,954		310,907

24

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the period November 30, 2012 (commencement of operations) through October 31, 2013:

	For the Year Ended October 31, 2014										For the Period Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		401		5		(263	)		143			722		4		(28	)		698
Amount	$	4,030	$	48	$	(2,608	)	$	1,470		$	7,205	$	34	$	(269	)	$	6,970
Class C
Shares		14		—		(58	)		(44	)		236		—		(7	)		229
Amount	$	148	$	1	$	(571	)	$	(422	)	$	2,355	$	2	$	(69	)	$	2,288
Class I
Shares		2		2		(3	)		1			206		1		—			207
Amount	$	27	$	19	$	(42	)	$	4		$	2,058	$	13	$	—		$	2,071
Class R3
Shares		—		—		—			—			200		1		—			201
Amount	$	—	$	8	$	—		$	8		$	2,000	$	6	$	—		$	2,006
Class R4
Shares		—		1		—			1			200		1		—			201
Amount	$	—	$	13	$	—		$	13		$	2,000	$	9	$	—		$	2,009
Class R5
Shares		—		2		—			2			200		1		—			201
Amount	$	—	$	18	$	—		$	18		$	2,000	$	13	$	—		$	2,013
Class Y
Shares		—		9		—			9			900		6		—			906
Amount	$	—	$	84	$	—		$	84		$	8,999	$	60	$	—		$	9,059
Total
Shares		417		19		(324	)		112			2,664		14		(35	)		2,643
Amount	$	4,205	$	191	$	(3,221	)	$	1,175		$	26,617	$	137	$	(338	)	$	26,416

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to

25

The Hartford Quality Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

26

The Hartford Quality Bond Fund

Financial Highlights 

	- Selected Per-Share Data - (A)																								- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	9.82	$	0.05		$	0.39		$	0.44		$	(0.07	)	$	–	$	(0.07	)	$	10.19		4.48	%	$	8,568		1.26	%		0.86	%		0.52	%
C		9.79		(0.02	)		0.39			0.37			(0.01	)		–		(0.01	)		10.15		3.75			1,882		2.01			1.61			(0.22	)
I		9.82		0.08			0.39			0.47			(0.09	)		–		(0.09	)		10.20		4.83			2,119		0.98			0.58			0.81
R3		9.80		0.02			0.39			0.41			(0.04	)		–		(0.04	)		10.17		4.17			2,048		1.68			1.23			0.17
R4		9.81		0.05			0.39			0.44			(0.06	)		–		(0.06	)		10.19		4.53			2,060		1.38			0.93			0.47
R5		9.82		0.08			0.39			0.47			(0.09	)		–		(0.09	)		10.20		4.79			2,072		1.08			0.63			0.77
Y		9.82		0.08			0.39			0.47			(0.09	)		–		(0.09	)		10.20		4.84			9,333		0.98			0.58			0.82
From November 30, 2012 (commencement of operations), through October 31, 2013
A(D)	$	10.00	$	0.05		$	(0.18	)	$	(0.13	)	$	(0.05	)	$	–	$	(0.05	)	$	9.82		(1.29	)%(E)	$	6,849		1.28	%(F)		0.81	%(F)		0.52	%(F)
C(D)		10.00		(0.02	)		(0.18	)		(0.20	)		(0.01	)		–		(0.01	)		9.79		(1.99	)(E)		2,239		2.03	(F)		1.56	(F)		( 0.23	)(F)
I(D)		10.00		0.07			(0.18	)		(0.11	)		(0.07	)		–		(0.07	)		9.82		(1.14	)(E)		2,036		1.03	(F)		0.55	(F)		0.76	(F)
R3(D)		10.00		0.01			(0.18	)		(0.17	)		(0.03	)		–		(0.03	)		9.80		(1.69	)(E)		1,966		1.72	(F)		1.20	(F)		0.12	(F)
R4(D)		10.00		0.04			(0.18	)		(0.14	)		(0.05	)		–		(0.05	)		9.81		(1.43	)(E)		1,972		1.42	(F)		0.90	(F)		0.41	(F)
R5(D)		10.00		0.07			(0.19	)		(0.12	)		(0.06	)		–		(0.06	)		9.82		(1.16	)(E)		1,977		1.12	(F)		0.60	(F)		0.71	(F)
Y(D)		10.00		0.07			(0.18	)		(0.11	)		(0.07	)		–		(0.07	)		9.82		(1.13	)(E)		8,902		1.02	(F)		0.55	(F)		0.76	(F)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Commenced operations on November 30, 2012.

(E) Not annualized.

(F) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		27	%
From November 30, 2012 (commencement of operations) through October 31, 2013		83	(A)

(A) Not annualized.

27

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Quality Bond Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, and the statements of changes in net assets and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Quality Bond Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, and the changes in its net assets and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

28

The Hartford Quality Bond Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

29

The Hartford Quality Bond Fund

Directors and Officers (Unaudited) – (continued) 

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

30

The Hartford Quality Bond Fund

Directors and Officers (Unaudited) – (continued) 

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

31

The Hartford Quality Bond Fund

Federal Tax Information (Unaudited) 

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

32

The Hartford Quality Bond Fund

Expense Example (Unaudited) 

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,026.80	$	4.55	$	1,000.00	$	1,020.72	$	4.53		0.89	%	184	365
Class C	$	1,000.00	$	1,023.20	$	8.31	$	1,000.00	$	1,016.99	$	8.29		1.63		184	365
Class I	$	1,000.00	$	1,028.20	$	3.12	$	1,000.00	$	1,022.13	$	3.11		0.61		184	365
Class R3	$	1,000.00	$	1,025.00	$	6.38	$	1,000.00	$	1,018.90	$	6.36		1.25		184	365
Class R4	$	1,000.00	$	1,027.50	$	4.86	$	1,000.00	$	1,020.42	$	4.84		0.95		184	365
Class R5	$	1,000.00	$	1,028.00	$	3.32	$	1,000.00	$	1,021.93	$	3.31		0.65		184	365
Class Y	$	1,000.00	$	1,028.20	$	3.07	$	1,000.00	$	1,022.18	$	3.06		0.60		184	365

33

The Hartford Quality Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Quality Bond Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

34

The Hartford Quality Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 5^th quintile of its performance universe for the 1-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-year period. The Board further noted that certain changes had recently been made to the Fund’s principal investment strategy.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

35

The Hartford Quality Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 3^rd quintile of its expense group, while its actual management fee was in the 1^st quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

36

The Hartford Quality Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

37

The Hartford Quality Bond Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price) and call risk (the risk that an investment may be redeemed early). These risks also apply to the Fund’s investments in U.S. government securities, which may not be guaranteed by the U.S. government.

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool. The Fund may purchase mortgage-backed securities in the "to be announced" (TBA) market. This subjects the Fund to counterparty risk and the risk that the security the Fund buys will lose value prior to its delivery.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Reverse Repurchase Agreements and Dollar Rolls Risk: Reverse repurchase agreements and dollar rolls involve the risk that the market value of the securities that the Fund is committed to buy may decline below the repurchase price. These investments may also subject the Fund to the risk that the counterparty will not fulfill its obligations.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

38

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.   

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.   

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-QB14 12/14 113996-3 Printed in U.S.A.

HARTFORDFUNDS

HARTFORD REAL TOTAL RETURN FUND   2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

Hartford Real Total Return Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	6
Statement of Assets and Liabilities at October 31, 2014	22
Statement of Operations for the Period November 29, 2013 (commencement of operations) through October 31, 2014	24
Statement of Changes in Net Assets for the Period November 29, 2013 (commencement of operations) through October 31, 2014	25
Notes to Financial Statements	26
Financial Highlights	43
Report of Independent Registered Public Accounting Firm	44
Directors and Officers (Unaudited)	45
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	47
Quarterly Portfolio Holdings Information (Unaudited)	47
Federal Tax Information (Unaudited)	48
Expense Example (Unaudited)	49
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	50
Main Risks (Unaudited)	54

The views expressed in the Fund’s Manager Discussion under “Why did the Fund perform this way?” and “What is the outlook?” are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

Hartford Real Total Return Fund inception 11/29/2013

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term real total return.

Performance Overview 11/29/13 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Cumulative Returns (as of 10/31/14)  

	Since      Inception▲
Real Total Return A#		1.10	%
Real Total Return A##		-4.46	%
Real Total Return C#		0.40	%
Real Total Return C##		-0.60	%
Real Total Return I#		1.50	%
Real Total Return R3#		0.80	%
Real Total Return R4#		1.00	%
Real Total Return R5#		1.30	%
Real Total Return Y#		1.40	%
Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index		0.04	%
Consumer Price Index + 5%		6.03	%

▲ Inception: 11/29/2013. Cumulative returns not annualized.

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index is an unmanaged index that tracks the performance of U.S. dollar denominated U.S. Treasury bills publicly issued in the U.S. domestic markets with maturities of 90 days or less that assumes reinvestment of all income.

Consumer Price Index (CPI) + 5% is a custom benchmark created by adding 5% to the annual percentage change in the CPI. The CPI is an unmanaged index representing the rate of inflation of U.S. consumer prices as determined by the U.S. Bureau of Labor Statistics.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

Hartford Real Total Return Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Real Total Return Class A		1.70	%		1.70	%
Real Total Return Class C		2.45	%		2.45	%
Real Total Return Class I		1.45	%		1.45	%
Real Total Return Class R3		2.00	%		2.00	%
Real Total Return Class R4		1.70	%		1.70	%
Real Total Return Class R5		1.40	%		1.40	%
Real Total Return Class Y		1.30	%		1.30	%

* As shown in the Fund's most recent prosepectus. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Managers
Rick A. Wurster, CFA, CMT	Stephen A. Gorman, CFA
Vice President and Asset Allocation Portfolio Manager	Vice President, Director, Tactical Asset Allocation, Asset Allocation Strategies Group and Portfolio Manager

How did the Fund perform?

The Class A shares of the Hartford Real Total Return Fund returned 1.10%, before sales charge, for the period November 29, 2013 (commencement of operations) to October 31, 2014, outperforming the Fund’s benchmark, the Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index, which returned 0.04% for the same period. The Fund underperformed the 2.20% average return of the Lipper Absolute Return Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equities rose during the period, notwithstanding bouts of significant volatility. Despite ongoing geopolitical tensions in Ukraine and the Middle East, concerns about a Chinese economic growth slowdown, and unsettling economic and political developments in several other emerging market countries, the five-year-old bull market continued in the first half of 2014. Robust merger and acquisition activity, along with continued accommodative monetary policy from central banks around the globe, aided positive investor sentiment in May and June. However, Portuguese banking woes, European economic malaise, and the prospect of an accelerated U.S. Federal Reserve (Fed) interest-rate-hike timeline all contributed to stall the global stock rally near the tail end of the period. In addition, China's property slump and poor gross domestic product (GDP) readings in Japan and the eurozone raised the specter of a slowdown in global economic growth. Nevertheless, there were several positive developments, including monetary easing by the European Central Bank (ECB) and the People's Bank of China, as well as an encouraging US corporate earnings season. During the period, emerging market equities underperformed their developed market counterparts and U.S. stocks generally outperformed non-U.S. stocks. Natural resource equities also struggled during the period driven primarily by weak performance from metals and mining related companies.

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Treasury Inflation Protected Securities (TIPS) returns were positive for the twelve months ended October 31, 2014, though TIPS returned less than nominal Treasuries of similar durations. The TIPS curve flattened during the period; consequently, longer dated maturities outperformed shorter maturities.

The period was also highlighted by a divergence in central bank policies. The ECB cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and the Fed leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter GDP rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

Commodities returned -5.94% during the period, as represented by the Bloomberg Commodity Index Total Return. Industrial metals were the only one of the four commodity sectors to post positive returns. Agriculture and livestock, precious metals commodities,

3

Hartford Real Total Return Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

particularly silver and gold, and energy commodities, particularly heating and crude oil, posted negative returns during the period.

The Fund’s investment objective is to seek long-term real total return. The Fund seeks to achieve its objective by actively allocating the Fund’s assets to multiple global asset classes that we believe provide attractive valuations and technical characteristics.

Positions within the Fund’s market exposure allocation were the primary driver of relative underperformance during the period while the Fund’s active manager allocations were additive. Within the market exposures, global government bonds and tactical positions detracted the most, particularly exposure to Greek sovereign bonds, opportunistic short exposure to U.S. equities implemented via futures, and positioning within emerging market equities also implemented via futures. A position in a broad commodities ETF also detracted. Exposure to inflation-linked bonds in both the U.S. and Mexico contributed as did currency positions, which are implemented through currency forwards. Among currencies, short exposure to the Japanese yen and Euro relative to the U.S. Dollar contributed the most.

Overall, the active manager allocations across all asset classes contributed to returns during the period. The fixed income and currency strategies benefitted from short exposure to the Euro, Japanese yen, and Swiss Franc. These strategies are implemented using futures and currency forwards. Participation in the new issue market was a primary driver of positive returns in the multi-asset strategies. Within our equity strategies, our allocation to Japanese equities contributed, driven primarily by strong security selection, while domestic equity strategies modestly detracted as a result of weak security selection.

As described above, derivatives are integral to the management of the Fund and had an impact on performance within both the market exposures and active manager allocations.

What is the outlook?

Towards the end of the period, many world markets fell amid concerns over the strength of the global economic recovery. Technical conditions weakened globally, though long-term trends remain intact in many markets including the United States. As of the end of the period, we continued to hold exposure consistent with our macro view and pro cyclical positioning through long equity positions primarily in Europe and Asia. The Fund ended the period with long exposure to the Indian rupee and South Korean won, which was offset by short exposure to the Japanese yen and the Euro relative to the U.S. Dollar.

We also continued to hold exposure to U.S. TIPS and emerging market inflation-linked bonds. In the U.S., inflation expectations declined during the period offering what we believe was a good opportunity to add to the exposure. We continue to believe that expectations are low with our models estimating inflation around 2.5% for the upcoming year, above current rates priced into the market. We increased duration to 4.5 years towards the end of the period, largely driven by inflation-linked bonds. Tactically, we believe TIPS are attractive with reasonable value.

4

Hartford Real Total Return Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Diversification by Country
as of October 31, 2014
	Percentage of
Country	Net Assets
Australia		0.1	%
Bermuda		0.3
Brazil		1.3
Canada		1.0
Cayman Islands		0.1
China		0.9
France		2.8
Germany		0.5
Greece		10.0
Hong Kong		0.4
Jamaica		0.4
Japan		20.7
Luxembourg		0.9
Mexico		7.8
Netherlands		0.1
Norway		0.4
South Korea		0.4
Taiwan		0.2
Thailand		0.1
United Kingdom		0.1
United States		40.3
Short-Term Investments		5.3
Purchased Options		0.1
Other Assets and Liabilities		5.8
Total		100.0	%

Credit Exposure
as of October 31, 2014
Credit Rating *	Percentage of Net Assets
Aa/ AA		6.8	%
A		7.8
Baa/ BBB		0.9
Ba/ BB		0.8
B		9.1
Caa/ CCC or Lower		1.3
Not Rated		1.2
Non-Debt Securities and Other Short-Term Instruments		66.3
Other Assets and Liabilities		5.8
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Equity Securities
Common Stocks		51.4	%
Exchange Traded Funds		9.1
Warrants		0.5
Total		61.0	%
Fixed Income Securities
Corporate Bonds		6.5	%
Foreign Government Obligations		14.5
U.S. Government Securities		6.8
Total		27.8	%
Short-Term Investments		5.3
Purchased Options		0.1
Other Assets and Liabilities		5.8
Total		100.0	%

5

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 51.4%
		Automobiles and Components - 2.4%
	1	Aisin Seiki Co., Ltd.	$	30
	1	Daihatsu Motor Co., Ltd.		18
	8	Fiat Chrysler Automobiles N.V. ●		91
	1	Fuji Heavy Industries Ltd.		48
	14	Hi-Lex Corp.		360
	4	Isuzu Motors Ltd.		47
	22	Nissin Kogyo Co., Ltd.		337
	18	Tachi-S Co., Ltd.		229
	—	Tesla Motors, Inc. ●		118
	19	Tokai Rika Co., Ltd.		356
	14	Toyota Industries Corp.		670
	16	TS Technology Co., Ltd.		387
				2,691
		Banks - 5.6%
	750	Alpha Bank A.E. ●		489
	25	BNP Paribas		1,547
	675	Eurobank Ergasias S.A. ●		234
	123	Mitsubishi UFJ Financial Group, Inc.		715
	—	Ocwen Financial Corp. ●		4
	341	Piraeus Bank S.A. ●		496
	84	San-In Godo Bank Ltd.		646
	40	Shizuoka Bank Ltd.		417
	31	Societe Generale Class A		1,482
	2	Sumitomo Mitsui Financial Group, Inc.		69
				6,099
		Capital Goods - 4.1%
	2	Amada Co., Ltd.		20
	137	Capstone Turbine Corp. ●		137
	1	Curtis-Wright Corp.		92
	3	Doosan Corp.		329
	4	Ellaktor S.A. ●		11
	3	Enphase Energy, Inc. ●		41
	1	Esterline Technologies Corp. ●		63
	18	Fuji Machine Manufacturing Co.		169
	4	HD Supply Holdings, Inc. ●		124
	1	Illinois Tool Works, Inc.		84
	14	Inaba Denki Sangyo Co.		504
	3	Itochu Corp.		42
	1	Jgc Corp.		23
	36	Kinden Corp.		372
	25	Kuroda Electric Co., Ltd.		356
	1	Moog, Inc. Class A ●		78
	1	Northrop Grumman Corp.		100
	8	Obara Group, Inc.		275
	8	Owens Corning, Inc.		247
	3	Polypore International, Inc. ●		128
	1	Raytheon Co.		105
	16	Taikisha Ltd.		346
	9	Toshiba Machine Co., Ltd.		35
	2	Trex Co., Inc. ●		66
	19	Ushio, Inc.		200
	69	Yamazen Corp.		535
				4,482
		Commercial and Professional Services - 1.2%
	10	AEON Delight Co., Ltd.		253
	2	Clean Harbors, Inc. ●		97
	14	Enernoc, Inc. ●		207
	34	Heidrick & Struggles International, Inc. Θ		702
	2	Robert Half International, Inc.		95
				1,354
		Consumer Durables and Apparel - 2.6%
	1	G-III Apparel Group Ltd. ●		101
	1	GoPro, Inc. ●		75
	1	Helen of Troy Ltd. ●		60
	7	Kate Spade & Co. ●		177
	1	NIKE, Inc. Class B		129
	129	PanaHome Corp.		866
	11	Sankyo Co., Ltd.		383
	44	Sekisui House Ltd.		551
	1	Under Armour, Inc. Class A ●		78
	2	V.F. Corp.		152
	19	Yondoshi Holdings, Inc.		333
				2,905
		Consumer Services - 0.8%
	4	Boyd Gaming Corp. ●		51
	2	DeVry Education Group, Inc.		84
	1	Domino's Pizza, Inc.		93
	1	H.I.S. Co., Ltd.		30
	1	Hyatt Hotels Corp. ●		68
	2	Jack in the Box, Inc.		113
	1	Marriott Vacations Worldwide Corp.		90
	3	Opap S.A.		33
	1	Outerwall, Inc. ●		86
	4	Sonic Corp. ●		103
	1	Wyndham Worldwide Corp.		75
				826
		Diversified Financials - 1.8%
	85	Aizawa Securities Co., Ltd.		430
	1	CBOE Holdings, Inc.		72
	2	Discover Financial Services		104
	4	E*Trade Financial Corp. ●		86
	75	Hellenic Exchanges - Athens Stock Exchange S.A.		502
	4	Interactive Brokers Group		110
	—	Intercontinental Exchange, Inc.		58
	21	Kyokuto Securities Co., Ltd.		351
	1	MarketAxess Holdings, Inc.		69
	34	Uranium Participation Corp. ●		154
				1,936
		Energy - 6.8%
	5	Anadarko Petroleum Corp.		441
	4	Athlon Energy, Inc. ●		216
	18	Cobalt International Energy, Inc. ●		206
	23	EnCana Corp. ADR		425
	3	Energen Corp.		176
	1	GS Holdings Corp.		21
	1	Hornbeck Offshore Services, Inc. ●		34
	52	Japan Petroleum Exploration Co., Ltd.		1,707
	5	JX Holdings, Inc.		20
	13	K&O Energy Group, Inc.		159
	23	Karoon Gas Australia Ltd. ●		61
	40	Knightsbridge Shipping Ltd.		350
	1	Marathon Petroleum Corp. ‡		97
	20	McDermott International, Inc. ●		76
	62	Motor Oil Hellas Corinth Refineries S.A.		454
	8	Noble Energy, Inc.		432
	2	Pioneer Natural Resources Co.		356
	9	Range Resources Corp.		599
	13	Southwestern Energy Co. ●		413
	19	Statoilhydro ASA ADR		431
	5	Tesoro Corp.		329
	21	Trican Well Service Ltd.		184

The accompanying notes are an integral part of these financial statements.

6

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 51.4% - (continued)
		Energy - 6.8% - (continued)
	31	Tsakos Energy Navigation Ltd.	$	210
	1	Western Refining, Inc.		60
				7,457
		Food and Staples Retailing - 0.3%
	2	CVS Health Corp.		134
	8	Kato Sangyo Co., Ltd.		166
	1	Tsuruha Holdings, Inc.		50
				350
		Food, Beverage and Tobacco - 1.1%
	6	Altria Group, Inc.		271
	2	Archer-Daniels-Midland Co.		99
	1	Asahi Group Holdings Ltd.		38
	1	Cal-Maine Foods, Inc.		75
	2	Japan Tobacco, Inc.		57
	1	Keurig Green Mountain, Inc.		150
	2	Kirin Brewery Co., Ltd.		31
	1	Mead Johnson Nutrition Co.		143
	1	Monster Beverage Corp. ●		138
	3	Post Holdings, Inc. ●		118
	3	WhiteWave Foods Co. Class A ●		120
				1,240
		Health Care Equipment and Services - 1.5%
	2	Cantel Medical Corp.		95
	196	CareView Communications, Inc. ●†		60
	2	Community Health Systems, Inc. ●		112
	2	LifePoint Hospitals, Inc. ●		146
	24	Medipal Holdings Corp.		269
	2	Medtronic, Inc.		121
	2	Natus Medical, Inc. ●		84
	12	Paramount Bed Holdings Co., Ltd.		347
	1	Sirona Dental Systems, Inc. ●		103
	2	Tenet Healthcare Corp. ●		113
	1	Wellpoint, Inc.		141
	2	Zeltiq Aesthetics, Inc. ●		53
				1,644
		Insurance - 0.5%
	30	Sony Financial Holdings, Inc.		481
	2	Tokio Marine Holdings, Inc.		71
				552
		Materials - 3.0%
	885	AMVIG Holdings Ltd.		414
	2	Berry Plastics Group, Inc. ●		47
	46	China National Building Material Co., Ltd.		43
	9	Graphic Packaging Holding Co. ●		110
	9	Headwaters, Inc. ●		120
	1	Lotte Chemical Corp.		120
	3	Louisiana-Pacific Corp. ●		50
	12	Maruichi Steel Tube Ltd.		293
	2	Methanex Corp. ADR		146
	31	Mitsui Chemicals, Inc.		90
	20	Neturen Co., Ltd.		144
	10	Norbord, Inc.		189
	67	PTT Chemical Public Co., Ltd.		127
	31	Tenma Corp.		431
	15	Tokyo Ohka Kogyo Co., Ltd.		413
	2	Wacker Chemie AG		203
	9	Yamato Kogyo Co.		305
				3,245
		Media - 1.2%
	27	Nippon Television Network Corp.		408
	5	Pandora Media, Inc. ●		91
	1	Time Warner, Inc.		82
	1	Tribune Media Co. Class A ●		45
	32	TV Asahi Holdings Corp.		511
	2	Walt Disney Co.		164
				1,301
		Pharmaceuticals, Biotechnology and Life Sciences - 2.8%
	1	Actavis plc ●		177
	3	Akorn, Inc. ●		130
	1	Alexion Pharmaceuticals, Inc. ●		97
	1	Alkermes plc ●		41
	1	Allergan, Inc.		99
	28	Arena Pharmaceuticals, Inc. ●		124
	—	Biogen Idec, Inc. ●		124
	3	Bristol-Myers Squibb Co.		181
	1	Cubist Pharmaceuticals, Inc. ●		82
	2	Eli Lilly & Co.		164
	—	Illumina, Inc. ●		60
	1	Incyte Corp. ●		71
	3	Merck & Co., Inc.		183
	3	Mylan, Inc. ●		147
	2	Ono Pharmaceutical Co., Ltd.		156
	6	Portola Pharmaceuticals, Inc. ●		184
	—	Regeneron Pharmaceuticals, Inc. ●		136
	1	Salix Pharmaceuticals Ltd. ●		87
	97	TherapeuticsMD, Inc. ●╦		428
	1	Thermo Fisher Scientific, Inc.		79
	2	Vertex Pharmaceuticals, Inc. ●		196
	3	Zoetis, Inc.		119
				3,065
		Real Estate - 1.9%
	1	American Tower Corp. REIT		120
	3	CBRE Group, Inc. ●		104
	2	Chesapeake Lodging Trust REIT		59
	—	Daito Trust Construction Co., Ltd.		52
	—	GLP J-REIT		57
	143	Grivalia Properties REIC		1,541
	3	Realogy Holdings Corp. ●		103
				2,036
		Retailing - 2.5%
	1	Advance Automotive Parts, Inc.		83
	—	Amazon.com, Inc. ●		137
	12	Coupons.com, Inc. ●		171
	23	Doshisha Co., Ltd.		387
	1	Expedia, Inc.		62
	69	Groupon, Inc. ●		501
	2	HSN, Inc.		117
	6	Joyful Honda Co., Ltd.		232
	2	L Brands, Inc.		118
	—	Netflix, Inc. ●		60
	13	Office Depot, Inc. ●		68
	1	O'Reilly Automotive, Inc. ●		141
	12	Pal Co., Ltd.		357
	1	Ross Stores, Inc.		82
	—	Shimamura Co., Ltd.		29
	3	Tuesday Morning Corp. ●		60
	—	Vipshop Holdings Ltd. ●		70
	2	XEBIO Co., Ltd. ☼		25
				2,700

The accompanying notes are an integral part of these financial statements.

7

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Common Stocks - 51.4% - (continued)
		Semiconductors and Semiconductor Equipment - 1.5%
	2	Ambarella, Inc. ●	$	85
	729	GCL-Poly Energy Holdings Ltd. ●		246
	11	Micron Technology, Inc. ●		354
	9	RF Micro Devices, Inc. ●		121
	39	Sumco Corp.		523
	17	SunEdison, Inc. ●		333
	1	Tokyo Seimitsu Co., Ltd.		22
				1,684
		Software and Services - 3.7%
	4	Activision Blizzard, Inc.		90
	1	Akamai Technologies, Inc. ●		64
	2	Alibaba Group Holding Ltd. ●		178
	10	Angie's List, Inc. ●		71
	8	AOL, Inc. ●		358
	1	Automatic Data Processing, Inc.		89
	1	Bitauto Holdings Ltd. ●		59
	54	Corindus Vascular Robotics, Inc. ⌂●†		196
	4	Ellie Mae, Inc. ●		151
	2	Facebook, Inc. ●		115
	3	Fortinet, Inc. ●		73
	1	Global Payments, Inc.		113
	—	Google, Inc. Class A ●		148
	2	IAC/InterActiveCorp.		164
	2	MAXIMUS, Inc.		90
	6	Microsoft Corp.		289
	42	Monster Worldwide, Inc. ●		163
	18	NSD Co., Ltd.		266
	8	OBIC Co., Ltd.		277
	23	Optimal Payments plc ●		164
	2	Paychex, Inc.		102
	5	Rovi Corp. ●		104
	1	Salesforce.com, Inc. ●		77
	1	ServiceNow, Inc. ●		91
	4	Tangoe, Inc. ●		58
	3	UbiSoft Entertainment S.A. ●		50
	2	Verint Systems, Inc. ●		91
	21	WELLNET Corp.		338
	1	WEX, Inc. ●		70
				4,099
		Technology Hardware and Equipment - 3.0%
	32	Amano Corp.		346
	3	Apple, Inc.		361
	1	Canon, Inc.		40
	1	F5 Networks, Inc. ●		63
	10	Hitachi High-Technologies Co.		298
	21	Hosiden Corp.		114
	32	Japan Digital Laboratory Co., Ltd.		569
	13	Melco Holdings, Inc.		192
	41	Nichicon Corp.		274
	18	Nippon Ceramic Co., Ltd.		262
	1	Palo Alto Networks, Inc. ●		81
	114	ParkerVision, Inc. ●		149
	1	SanDisk Corp.		73
	1	Seagate Technology plc		53
	19	Star Micronics Co., Ltd.		289
	3	Super Micro Computer, Inc. ●		86
	—	Western Digital Corp.		49
				3,299
		Telecommunication Services - 0.7%
	2	Crown Castle International Corp.		120
	18	Gogo, Inc. ●		301
	1	Nippon Telegraph & Telephone Corp.		80
	3	SoftBank Corp.		229
				730
		Transportation - 2.1%
	2	CSX Corp.		82
	252	Daiichi Chuo Kisen Kaisha ●		152
	2	Delta Air Lines, Inc.		62
	1	FedEx Corp.		132
	1	Hertz Global Holdings, Inc. ●		24
	1	Japan Airlines Co., Ltd.		34
	7	JetBlue Airways Corp. ●		80
	1	Old Dominion Freight Line, Inc. ●		100
	789	Pacific Basin Ship		380
	51	Paragon Shipping, Inc. ●		186
	47	Safe Bulkers, Inc.		250
	2	Saia, Inc. ●		100
	58	Scorpio Bulkers, Inc. ●		282
	285	Sinotrans Shipping Ltd. ●		78
	1	Spirit Airlines, Inc. ●		65
	8	Star Bulk Carriers Corp. ●		77
	42	Ultrapetrol Bahamas Ltd. ●		126
	8	UTI Worldwide, Inc. ●		92
				2,302
		Utilities - 0.3%
	56	Tokyo Gas Co., Ltd.		323
		Total Common Stocks
		(Cost $57,901)	$	56,320
Warrants - 0.5%
		Banks - 0.3%
	197	Alpha Bank A.E.	$	317
		Materials - 0.2%
	232	Oriental Union Chemical Corp. ⌂		175
		Total Warrants
		(Cost $710)	$	492
Exchange Traded Funds - 9.1%
		Other Investment Pools and Funds - 9.1%
	8	First Trust ISE-Revere Natural Gas Index Fund	$	112
	31	iShares MSCI Japan ETF		369
	1	iShares Nasdaq Biotechnology Index Fund		370
	210	PowerShares DB Base Metals Fund ●		3,613
	162	PowerShares DB Commodity Index Tracking Fund ●		3,619
	32	SPDR S&P Oil & Gas Exploration & Production		1,936
		Total Exchange Traded Funds
		(Cost $10,437)	$	10,019

The accompanying notes are an integral part of these financial statements.

8

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 6.5%
		Computer and Electronic Product Manufacturing - 1.2%
		SunEdison, Inc.
$	352	0.25%, 01/15/2020 ■β	$	351
	328	2.00%, 10/01/2018 ■		487
	328	2.75%, 01/01/2021 ■		494
				1,332
		Finance and Insurance - 0.4%
		Banco do Brasil S.A.
	450	9.00%, 06/18/2024 ■♠		442
		Health Care and Social Assistance - 0.4%
		Fresenius Medical Care U.S. Finance II, Inc.
	380	4.75%, 10/15/2024 ■		381
		Information - 1.3%
		Altice Financing S.A.
	936	7.88%, 12/15/2019 ■		998
		Digicel Group Ltd.
	470	7.13%, 04/01/2022 ■		472
				1,470
		Motor Vehicle and Parts Manufacturing - 1.5%
		Chrysler Group LLC
	1,580	8.00%, 06/15/2019		1,693
		Petroleum and Coal Products Manufacturing - 0.9%
		Cobalt International Energy, Inc.
	1,192	3.13%, 05/15/2024 β		935
		Real Estate, Rental and Leasing - 0.8%
		Kennedy-Wilson, Inc.
	855	8.75%, 04/01/2019		909
		Total Corporate Bonds
		(Cost $7,092)	$	7,162
Foreign Government Obligations - 14.5%
		Brazil - 0.9%
		Brazil (Federative Republic of)
BRL	1,983	6.00%, 08/15/2022 ◄		812
BRL	375	8.50%, 01/05/2024		145
			$	957
		Greece - 5.8%
		Greece (Republic of)
EUR	7,865	2.00%, 02/24/2023 - 02/24/2029 §		6,395
				6,395
		Mexico - 7.8%
		Mexico (United Mexican States)
MXN	98,228	4.50%, 11/22/2035 ◄		8,578
		Total Foreign Government Obligations
		(Cost $17,016)	$	15,930
U.S. Government Securities - 6.8%
U.S. Treasury Securities - 6.8%
		U.S. Treasury Bonds - 6.8%
$	7,925	0.63%, 02/15/2043 □◄	$	7,489
		Total U.S. Government Securities
		(Cost $6,486)	$	7,489
		Total Long-Term Investments Excluding Purchased Options
		(Cost $99,642)	$	97,412
Short-Term Investments - 5.3%
Repurchase Agreements - 5.3%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $17, collateralized by U.S. Treasury Note 1.50%, 2019, value of $17)
$	17	0.08%, 10/31/2014	$	17
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $285, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $291)
	285	0.09%, 10/31/2014		285
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $77, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $78)
	77	0.08%, 10/31/2014		77
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $259, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $265)
	259	0.10%, 10/31/2014		259
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $978, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $997)
	978	0.08%, 10/31/2014		978
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,124, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $1,146)
	1,124	0.09%, 10/31/2014		1,124
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $65, collateralized by U.S. Treasury Note 0.88%, 2017, value of $66)
	65	0.13%, 10/31/2014		65

The accompanying notes are an integral part of these financial statements.

9

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Short-Term Investments - 5.3% - (continued)
Repurchase Agreements - 5.3% - (continued)
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $95, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $97)
$	95	0.07%, 10/31/2014			$	95
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,006, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $1,026)
	1,006	0.08%, 10/31/2014				1,006
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,950, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $1,989)
	1,950	0.10%, 10/31/2014				1,950
						5,856
		Total Short-Term Investments
		(Cost $5,856)			$	5,856
		Total Investments Excluding Purchased Options
		(Cost $105,498)	94.1	%	$	103,268
		Total Purchased Options
		(Cost $337)	0.1	%		162
		Total Investments
		(Cost $105,835) ▲	94.2	%	$	103,430
		Other Assets and Liabilities	5.8	%		6,284
		Total Net Assets	100.0	%	$	109,714

The accompanying notes are an integral part of these financial statements.

10

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease.

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $106,430 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	5,516
Unrealized Depreciation		(8,516	)
Net Unrealized Depreciation	$	(3,000	)

† These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $256, which represents 0.2% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

● Non-income producing.

◄ The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $3,625, which represents 3.3% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $6,395, which represents 5.8% of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
09/2014		54	Corindus Vascular Robotics, Inc.	$	134
01/2014 - 03/2014		232	Oriental Union Chemical Corp. Warrants		237

At October 31, 2014, the aggregate value of these securities was $371, which represents 0.3% of total net assets.

β Convertible security.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $24 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

□ This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

The accompanying notes are an integral part of these financial statements.

11

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged ‡		Received
OTC option and/or OTC swap contracts	$	260	$	53
Exchange traded options contracts		4,058		–
Centrally cleared swaps contracts		139		–
Total	$	4,457	$	53

‡ As previously noted, certain securities, or a portion of these securities, are pledged as collateral in connection with certain derivative instruments. These securities are held by the Fund but are not represented in the table above.

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased Option contracts:
Calls
GBP Call/USD Put	BCLY	FX	1.66 USD per GBP	11/17/14	GBP	3,459,044	$	–	$	24	$	(24	)
JSR Corp. Option	GSC	EQ	1,931.70 JPY	11/25/14	JPY	13,386		9		3		6
JSR Corp. Option	JPM	EQ	2,083.40 JPY	12/12/14	JPY	13,200		3		4		(1	)
Mitsui O.S.K. Lines Ltd. Option	GSC	EQ	419.90 JPY	12/08/14	JPY	129,000		–		7		(7	)
Mitsui O.S.K. Lines Ltd. Option	GSC	EQ	435.24 JPY	12/09/14	JPY	67,680		–		10		(10	)
Mitsui O.S.K. Lines Ltd. Option	JPM	EQ	390.50 JPY	02/06/15	JPY	125,900		6		16		(10	)
Nippon Yusen Kabushi Option	JPM	EQ	335.50 JPY	12/09/14	JPY	81,000		–		3		(3	)
Total Calls						3,889,210	$	18	$	67	$	(49	)
Puts
AS51 Index Option	JPM	EQ	4,965.80 AUD	01/08/15	AUD	172	$	2	$	11	$	(9	)
AS51 Index Option	DEUT	EQ	4,689.00 AUD	12/18/14	AUD	250		1		8		(7	)
AS51 Index Option	DEUT	EQ	4,949.50 AUD	12/18/14	AUD	167		1		10		(9	)
ASX 200 Index Option	MSC	EQ	4,788.10 AUD	01/15/15	AUD	335		3		8		(5	)
ASX 200 Index Option	MSC	EQ	5,146.20 AUD	01/27/15	AUD	81		3		5		(2	)
ASX 200 Index Option	GSC	EQ	5,056.60 AUD	01/15/15	AUD	162		3		9		(6	)
ASX 200 Index Option	DEUT	EQ	5,169.90 AUD	01/29/15	AUD	161		6		8		(2	)
KOSPI 200 Index Option	JPM	EQ	236.55 KRW	01/08/15	KRW	3,434,312		4		9		(5	)
KOSPI 200 Index Option	BNP	EQ	232.51 KRW	01/08/15	KRW	1,677,618		1		4		(3	)
KOSPI 200 Index Option	MSC	EQ	233.08 KRW	01/08/15	KRW	5,042,424		5		16		(11	)
KOSPI 200 Index Option	GSC	EQ	236.03 KRW	01/29/15	KRW	1,639,066		3		4		(1	)
Taiwan Stock Exchange Index Option	DEUT	EQ	8,224.20 TWD	12/17/14	TWD	1,360		1		3		(2	)
Total Puts						11,796,108	$	33	$	95	$	(62	)
Total purchased option contracts						15,685,318	$	51	$	162	$	(111	)
Written option contracts:
Calls
GBP Call/USD Put	DEUT	FX	1.62 USD per GBP	12/08/14	GBP	3,560,000	$	17	$	82	$	65
Puts
AS51 Index Option	DEUT	EQ	4,168.00 AUD	12/18/14	AUD	250	$	–	$	2	$	2
AS51 Index Option	DEUT	EQ	4,428.50 AUD	12/18/14	AUD	167		–		2		2
ASX 200 Index Option	GSC	EQ	4,524.30 AUD	01/15/15	AUD	162		–		2		2
GBP Put/USD Call	DEUT	FX	1.62 USD per GBP	12/08/14	GBP	3,560,000		77		87		10
JSR Corp. Option	GSC	EQ	1,580.50 JPY	11/25/14	JPY	13,386		–		4		4
JSR Corp. Option	JPM	EQ	1,704.60 JPY	12/12/14	JPY	13,200		–		3		3
Mitsui O.S.K. Lines Ltd. Option	GSC	EQ	342.00 JPY	12/08/14	JPY	129,000		12		7		(5	)
Mitsui O.S.K. Lines Ltd. Option	GSC	EQ	350.37 JPY	12/09/14	JPY	67,680		8		9		1
Mitsui O.S.K. Lines Ltd. Option	JPM	EQ	319.50 JPY	02/06/15	JPY	125,900		10		14		4
Nippon Yusen Kabushi Option	JPM	EQ	274.50 JPY	12/09/14	JPY	81,000		4		4		–
Total Puts						3,990,745	$	111	$	134	$	23
Total written option contracts						7,550,745	$	128	$	216	$	88

* The number of contracts does not omit 000's.

Δ For purchased options, premiums are paid by the Fund, for written options, premiums are received.

The accompanying notes are an integral part of these financial statements.

12

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Exchange Traded Option Contracts Outstanding at October 31, 2014

Description	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received/Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased option contracts:
Calls
Health Care Sector SPDR Option	EQ	67.00 USD	12/20/14	USD	180	$	29	$	14	$	15
HollyFrontier Corp. Option	EQ	51.00 USD	01/17/15	USD	50		2		6		(4	)
iShares Nasdaq Biotech Option	EQ	300.00 USD	01/17/15	USD	17		19		8		11
Lyondellbasell Industries Option	EQ	105.00 USD	01/17/15	USD	40		3		7		(4	)
Marathon Petroleum Option	EQ	95.00 USD	01/17/15	USD	27		7		11		(4	)
Materials Select SPDR Option	EQ	50.00 USD	12/20/14	USD	79		3		5		(2	)
Materials Select SPDR Option	EQ	52.00 USD	12/20/14	USD	93		1		5		(4	)
Philadelphia Semi Option	EQ	675.00 USD	12/20/14	USD	18		12		24		(12	)
S&P 500 Index Option	EQ	2,050.00 USD	03/20/15	USD	4		19		19		–
Valero Energy Corp. Option	EQ	57.50 USD	12/20/14	USD	45		1		10		(9	)
Total Calls					553	$	96	$	109	$	(13	)
Puts
Financial Sector SPDR Option	EQ	22.00 USD	01/17/15	USD	335	$	7	$	20	$	(13	)
S&P 500 Index Option	EQ	1,900.00 USD	11/22/14	USD	13		4		26		(22	)
S&P 500 Index Option	EQ	1,820.00 USD	12/20/14	USD	6		4		20		(16	)
Total Puts					354	$	15	$	66	$	(51	)
Total purchased option contracts					907	$	111	$	175	$	(64	)
Written option contracts:
Puts
CBOE Volatility S&P 500 Option	EQ	14.00 USD	11/19/14	USD	164	$	7	$	7	$	–
CBOE Volatility S&P 500 Option	EQ	13.50 USD	12/17/14	USD	157		6		6		–
Financial Sector SPDR Option	EQ	20.00 USD	01/17/15	USD	335		3		8		5
Health Care Sector SPDR Option	EQ	60.00 USD	12/20/14	USD	186		5		20		15
Health Care Sector SPDR Option	EQ	61.00 USD	12/20/14	USD	90		3		6		3
Health Care Sector SPDR Option	EQ	62.00 USD	12/20/14	USD	90		3		5		2
HollyFrontier Corp. Option	EQ	42.00 USD	01/17/15	USD	50		6		6		–
iShares FTSE China 25 Option	EQ	38.00 USD	12/20/14	USD	147		9		8		(1	)
iShares Nasdaq Biotech Option	EQ	250.00 USD	01/17/15	USD	17		4		9		5
iShares Russell 2000 Option	EQ	92.00 USD	03/20/15	USD	103		8		11		3
iShares S&P MidCap 400 Option	EQ	123.00 USD	02/20/15	USD	83		9		12		3
Marathon Petroleum Option	EQ	77.50 USD	01/17/15	USD	27		3		11		8
S&P 500 Index Option	EQ	1,925.00 USD	11/22/14	USD	6		3		9		6
S&P 500 Index Option	EQ	1,650.00 USD	12/20/14	USD	6		1		6		5
S&P 500 Index Option	EQ	1,925.00 USD	12/20/14	USD	12		19		34		15
Utilities Sector SPDR Option	EQ	44.00 USD	12/20/14	USD	261		16		15		(1	)
V.F. Corp. Option	EQ	65.00 USD	11/22/14	USD	70		2		4		2
Valero Energy Corp. Option	EQ	45.00 USD	12/20/14	USD	45		3		9		6
Total put option contracts					1,849	$	110	$	186	$	76
Total written option contracts					1,849	$	110	$	186	$	76

* The number of contracts does not omit 000's.

Δ For purchased options, premiums are paid by the Fund, for written options, premiums are received.

Futures Contracts Outstanding at October 31, 2014

	Number of	Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*	Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
Euro STOXX 50 Future	574	12/19/2014	$	22,672	$	22,306	$	–	$	(366	)	$	554	$	–
Euro-BUND Future	108	12/08/2014		20,393		20,424		31		–			9		–
FTSE 100 Index Future	14	12/19/2014		1,414		1,457		43		–			12		–
FTSE/MIB Index Future	4	12/19/2014		510		494		–		(16	)		19		(3	)
IBEX 35 Index Future	5	11/21/2014		628		654		26		–			14		–

The accompanying notes are an integral part of these financial statements.

13

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts Outstanding at October 31, 2014 - (continued)

	Number of	Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*	Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts: - (continued)
MSCI Taiwan Stock Index Future	202	11/27/2014	$	6,645	$	6,745	$	100	$	–		$	99	$	–
NIKKEI 225 Index Future	9	12/11/2014		1,251		1,321		70		–			66		–
S&P 500 (E-Mini) Future	72	12/19/2014		7,007		7,241		234		–			84		(1	)
SGX FTSE China A50 Index Future	93	11/27/2014		655		694		39		–			21		–
U.S. Treasury 10-Year Note Future	99	12/19/2014		12,614		12,509		–		(105	)		–		(26	)
U.S. Treasury CME Ultra Long Term Bond Future	47	12/19/2014		7,028		7,370		342		–			–		(26	)
Total							$	885	$	(487	)	$	878	$	(56	)
Short position contracts:
Australian 10-Year Bond Future	23	12/15/2014	$	2,483	$	2,485	$	–	$	(2	)	$	–	$	(10	)
Australian SPI 200 Index Future	13	12/18/2014		1,528		1,578		–		(50	)		–		(17	)
CAC 40 10 EURO Future	27	11/21/2014		1,363		1,431		–		(68	)		–		(31	)
Canadian Government 10-Year Bond Future	41	12/18/2014		4,963		4,985		–		(22	)		–		(1	)
FTSE/JSE Top 40 Future Index	75	12/18/2014		2,956		3,039		–		(83	)		41		(148	)
Japan 10-Year Bond Future	11	12/11/2014		14,293		14,350		–		(57	)		–		–
KOSPI 200 Index Future	4	12/11/2014		458		468		–		(10	)		–		(2	)
Long Gilt Future	53	12/29/2014		9,686		9,759		–		(73	)		20		–
Mexican Stock Exchange Index Future	118	12/19/2014		4,032		3,948		84		–			7		(48	)
Russell 2000 Mini Index Future	35	12/19/2014		3,897		4,099		–		(202	)		–		(60	)
S&P 400 (E-Mini) Future	17	12/19/2014		2,313		2,406		–		(93	)		–		(28	)
Stockholm Stock Exchange Future	7	11/21/2014		128		134		–		(6	)		–		(2	)
TDX ISE National-30 Index Future	30	12/31/2014		133		135		–		(2	)		–		(1	)
Tokyo Price Index Future	147	12/11/2014		16,958		17,497		–		(539	)		–		(733	)
U.S. Treasury Long Bond Future	15	12/19/2014		2,115		2,116		–		(1	)		–		(17	)
Total							$	84	$	(1,208	)	$	68	$	(1,098	)
Total futures contracts							$	969	$	(1,695	)	$	946	$	(1,154	)

* The number of contracts does not omit 000's.

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

Counter-

Notional

(Pay)/ Receive Fixed Rate/ Implied

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/ (Depreciation)

Reference Entity

party

Amount (a)

Credit Spread (b)

Date

Paid

Received

Value ╪

Asset

Liability

Credit default swaps on single-name issues:

Sell protection:

China (People's Republic of)

JPM

USD

1,175

1.00% / 0.80%

12/20/19

$

5

$

–

$

11

$

6

$

–

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

The accompanying notes are an integral part of these financial statements.

14

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

Clearing

Notional

(Pay)/ Receive Fixed

Expiration

Market

Unrealized Appreciation/ (Depreciation)

Variation Margin

Reference Entity

House (a)

Amount (b)

Rate

Date

Cost Basis

Value ╪

Asset

Liability

Asset

Liability

Credit default swaps on indices:

Buy protection:

CDX.NA.HY.23

CME

USD

2,925

(5.00

)%

12/20/19

$

(171

)

$

(204

)

$

–

$

(33

)

$

–

$

(12

)

(a) The FCM to the contracts is MSC.

(b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

OTC Total Return Swap Contracts Outstanding at October 31, 2014

Notional

Payments received

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Reference Entity

Counterparty

Amount

(paid) by Fund

Date

Paid

Received

Value ╪

Asset

Liability

Eurex Stoxx Bank

GSC

EUR

121

CAZ4

12/19/14

$

–

$

–

$

(10

)

$

–

$

(10

)

Eurex Stoxx Bank

GSC

EUR

211

CAZ4

12/19/14

–

–

1

1

–

S&P 500 Consumer Discretionary Sector

DEUT

USD

4,756

1M LIBOR + 0.15%

04/30/15

–

–

(102

)

–

(102

)

S&P 500 Consumer Staples Sector

DEUT

USD

425

1M LIBOR + 0.05%

09/30/15

–

–

(15

)

–

(15

)

S&P 500 High Beta Index

DEUT

USD

10,469

1M LIBOR + 0.22%

04/30/15

–

–

(282

)

–

(282

)

S&P 500 Homebuilders Select Industry

BOA

USD

6,411

1M LIBOR - 0.55%

08/31/15

–

–

(339

)

–

(339

)

S&P US Real Estate Select Industry TR

GSC

USD

6,779

1M LIBOR - 0.90%

01/30/15

–

–

(226

)

–

(226

)

WIG20 Index

GSC

PLN

11,538

KRZ4

12/19/14

–

–

58

58

–

Total

$

–

$

–

$

(915

)

$

59

$

(974

)

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/28/2014

BCLY

$

3,893

$

3,902

$

9

$

–

AUD

Buy

12/17/2014

BCLY

74

75

1

–

AUD

Buy

12/17/2014

BNP

526

526

–

–

AUD

Buy

11/28/2014

BOA

3,729

3,730

1

–

AUD

Buy

11/28/2014

BOA

738

735

–

(3

)

AUD

Buy

12/17/2014

BOA

225

225

–

–

AUD

Buy

11/28/2014

CBA

2,975

2,975

–

–

AUD

Buy

12/17/2014

GSC

270

270

–

–

AUD

Buy

12/17/2014

JPM

1,092

1,078

–

(14

)

AUD

Buy

11/03/2014

SSG

8

8

–

–

AUD

Buy

12/17/2014

SSG

288

289

1

–

AUD

Buy

12/17/2014

WEST

846

856

10

–

AUD

Sell

12/17/2014

BOA

1,071

1,068

3

–

AUD

Sell

12/17/2014

CBA

562

555

7

–

AUD

Sell

12/17/2014

CSFB

1,074

1,080

–

(6

)

AUD

Sell

12/17/2014

DEUT

234

225

9

–

AUD

Sell

11/28/2014

GSC

3,930

3,902

28

–

AUD

Sell

11/28/2014

NAB

372

374

–

(2

)

AUD

Sell

12/17/2014

RBC

854

827

27

–

AUD

Sell

12/17/2014

RBS

1,913

1,854

59

–

BRL

Buy

11/04/2014

BOA

111

107

–

(4

)

BRL

Buy

12/02/2014

GSC

1,676

1,625

–

(51

)

BRL

Buy

11/04/2014

UBS

1,008

1,002

–

(6

)

BRL

Sell

11/04/2014

CBK

149

149

–

–

The accompanying notes are an integral part of these financial statements.

15

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

BRL

Sell

12/02/2014

MSC

$

1,477

$

1,463

$

14

$

–

BRL

Sell

11/04/2014

SCB

972

960

12

–

BRL

Sell

12/02/2014

UBS

999

993

6

–

CAD

Buy

12/17/2014

CBA

1,128

1,098

–

(30

)

CAD

Buy

12/17/2014

HSBC

285

277

–

(8

)

CAD

Buy

12/17/2014

JPM

117

115

–

(2

)

CAD

Buy

11/28/2014

RBC

7,933

7,885

–

(48

)

CAD

Sell

12/17/2014

BOA

281

275

6

–

CAD

Sell

12/17/2014

CBK

116

113

3

–

CAD

Sell

12/17/2014

DEUT

564

553

11

–

CAD

Sell

12/17/2014

GSC

276

273

3

–

CAD

Sell

12/17/2014

WEST

275

276

–

(1

)

CHF

Buy

12/17/2014

HSBC

1,138

1,104

–

(34

)

CHF

Buy

11/28/2014

JPM

4,760

4,737

–

(23

)

CHF

Sell

12/17/2014

BOA

1,129

1,104

25

–

CHF

Sell

11/28/2014

HSBC

9,722

9,643

79

–

CNH

Buy

12/17/2014

BCLY

1,705

1,702

–

(3

)

CNH

Sell

12/17/2014

JPM

1,685

1,702

–

(17

)

CNH

Sell

12/17/2014

MSC

806

806

–

–

COP

Buy

12/17/2014

BNP

558

550

–

(8

)

COP

Buy

12/17/2014

SCB

355

345

–

(10

)

COP

Sell

12/17/2014

BOA

925

894

31

–

EUR

Buy

12/17/2014

BCLY

279

276

–

(3

)

EUR

Buy

11/28/2014

BOA

867

856

–

(11

)

EUR

Buy

12/17/2014

BOA

1,390

1,354

–

(36

)

EUR

Buy

11/04/2014

CBK

5

5

–

–

EUR

Buy

12/17/2014

CSFB

15

15

–

–

EUR

Buy

12/17/2014

DEUT

864

836

–

(28

)

EUR

Buy

12/17/2014

HSBC

1,069

1,047

–

(22

)

EUR

Buy

11/03/2014

RBC

12

12

–

–

EUR

Buy

12/17/2014

SSG

274

271

–

(3

)

EUR

Buy

11/28/2014

UBS

4,756

4,734

–

(22

)

EUR

Buy

11/04/2014

WEST

38

38

–

–

EUR

Sell

12/17/2014

BCLY

1,054

1,045

9

–

EUR

Sell

11/28/2014

BNP

855

851

4

–

EUR

Sell

12/17/2014

BNP

266

262

4

–

EUR

Sell

12/17/2014

CBK

382

381

1

–

EUR

Sell

12/17/2014

DEUT

16,384

15,862

522

–

EUR

Sell

12/17/2014

GSC

14

14

–

–

EUR

Sell

12/17/2014

HSBC

1,135

1,101

34

–

EUR

Sell

11/28/2014

JPM

10,459

10,349

110

–

EUR

Sell

12/17/2014

JPM

1,004

989

15

–

EUR

Sell

12/17/2014

MSC

2,163

2,136

27

–

GBP

Buy

12/17/2014

BCLY

568

560

–

(8

)

GBP

Buy

12/17/2014

BNP

707

699

–

(8

)

GBP

Buy

12/17/2014

BOA

562

553

–

(9

)

GBP

Buy

11/28/2014

CBK

5,697

5,689

–

(8

)

GBP

Buy

12/17/2014

MSC

441

435

–

(6

)

GBP

Buy

12/17/2014

SSG

280

278

–

(2

)

GBP

Sell

12/17/2014

BCLY

266

264

2

–

GBP

Sell

12/17/2014

BOA

277

277

–

–

GBP

Sell

12/17/2014

CBA

564

553

11

–

GBP

Sell

12/17/2014

CSFB

877

864

13

–

GBP

Sell

12/17/2014

GSC

279

277

2

–

GBP

Sell

12/17/2014

RBS

569

560

9

–

GBP

Sell

12/17/2014

RBS

141

141

–

–

HKD

Buy

12/17/2014

CSFB

4

4

–

–

HKD

Buy

12/17/2014

GSC

5

5

–

–

HKD

Buy

12/17/2014

HSBC

1

1

–

–

The accompanying notes are an integral part of these financial statements.

16

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

HKD

Sell

12/17/2014

BCLY

$

4

$

4

$

–

$

–

HKD

Sell

12/17/2014

JPM

4

4

–

–

IDR

Buy

12/17/2014

MSC

269

268

–

(1

)

INR

Buy

12/17/2014

CBK

7,002

6,965

–

(37

)

INR

Buy

12/17/2014

DEUT

137

137

–

–

INR

Buy

12/17/2014

MSC

402

400

–

(2

)

INR

Sell

12/17/2014

CBK

135

134

1

–

INR

Sell

12/17/2014

DEUT

404

403

1

–

INR

Sell

12/17/2014

JPM

3,255

3,258

–

(3

)

JPY

Buy

12/17/2014

BNP

1,259

1,192

–

(67

)

JPY

Buy

11/28/2014

BOA

1,485

1,427

–

(58

)

JPY

Buy

12/17/2014

DEUT

380

366

–

(14

)

JPY

Buy

12/17/2014

HSBC

424

408

–

(16

)

JPY

Buy

12/17/2014

JPM

3,196

3,053

–

(143

)

JPY

Buy

12/17/2014

SSG

284

275

–

(9

)

JPY

Buy

11/05/2014

UBS

25

24

–

(1

)

JPY

Buy

12/17/2014

UBS

255

245

–

(10

)

JPY

Sell

12/17/2014

BCLY

258

248

10

–

JPY

Sell

11/28/2014

BNP

1,974

1,916

58

–

JPY

Sell

12/17/2014

BOA

536

510

26

–

JPY

Sell

12/17/2014

CBK

1,079

1,039

40

–

JPY

Sell

11/06/2014

DEUT

26

26

–

–

JPY

Sell

12/17/2014

HSBC

1,075

1,023

52

–

JPY

Sell

12/17/2014

JPM

29,046

27,573

1,473

–

JPY

Sell

12/17/2014

MSC

237

237

–

–

JPY

Sell

11/28/2014

RBS

6,792

6,530

262

–

JPY

Sell

11/04/2014

SSG

41

39

2

–

JPY

Sell

12/17/2014

SSG

271

257

14

–

JPY

Sell

11/05/2014

UBS

9

9

–

–

KRW

Buy

12/17/2014

BOA

288

285

–

(3

)

KRW

Sell

12/17/2014

MSC

140

140

–

–

KRW

Sell

12/17/2014

UBS

567

550

17

–

MXN

Buy

11/28/2014

SSG

3,476

3,479

3

–

MXN

Buy

12/17/2014

UBS

126

127

1

–

MXN

Sell

12/17/2014

BCLY

122

122

–

–

MXN

Sell

12/17/2014

BOA

1,074

1,082

–

(8

)

MXN

Sell

12/17/2014

JPM

8,199

8,059

140

–

MXN

Sell

11/28/2014

MSC

1,748

1,758

–

(10

)

NOK

Buy

12/17/2014

BCLY

576

545

–

(31

)

NOK

Buy

12/17/2014

BOA

525

509

–

(16

)

NOK

Buy

12/17/2014

GSC

1,398

1,326

–

(72

)

NOK

Buy

12/17/2014

HSBC

547

513

–

(34

)

NOK

Sell

12/17/2014

BCLY

851

817

34

–

NOK

Sell

12/17/2014

RBS

783

763

20

–

NOK

Sell

12/17/2014

SCB

550

534

16

–

NOK

Sell

12/17/2014

SSG

799

780

19

–

NZD

Buy

12/17/2014

BCLY

823

795

–

(28

)

NZD

Buy

12/17/2014

BOA

294

289

–

(5

)

NZD

Buy

12/17/2014

CBA

560

535

–

(25

)

NZD

Buy

12/17/2014

MSC

265

265

–

–

NZD

Buy

12/17/2014

SCB

273

268

–

(5

)

NZD

Sell

12/17/2014

GSC

1,119

1,078

41

–

NZD

Sell

12/17/2014

JPM

285

281

4

–

NZD

Sell

12/17/2014

RBS

266

260

6

–

NZD

Sell

12/17/2014

SSG

280

272

8

–

NZD

Sell

12/17/2014

UBS

262

261

1

–

PLN

Buy

12/17/2014

BNP

146

142

–

(4

)

SEK

Buy

12/17/2014

BCLY

267

261

–

(6

)

SEK

Buy

12/17/2014

BOA

269

267

–

(2

)

The accompanying notes are an integral part of these financial statements.

17

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)
								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
SEK	Buy	12/17/2014	GSC	$	279	$	272	$	–	$	(7	)
SEK	Buy	12/17/2014	JPM		569		548		–		(21	)
SEK	Sell	12/17/2014	BCLY		568		548		20		–
SEK	Sell	12/17/2014	RBS		261		256		5		–
SEK	Sell	12/17/2014	SCB		286		278		8		–
SGD	Buy	12/17/2014	BCLY		316		313		–		(3	)
SGD	Buy	12/17/2014	RBS		264		261		–		(3	)
SGD	Buy	12/17/2014	SCB		278		276		–		(2	)
SGD	Buy	12/17/2014	SSG		548		544		–		(4	)
SGD	Sell	12/17/2014	HSBC		284		280		4		–
SGD	Sell	12/17/2014	JPM		279		275		4		–
SGD	Sell	12/17/2014	RBC		281		276		5		–
SGD	Sell	12/17/2014	UBS		571		562		9		–
TWD	Buy	12/17/2014	UBS		2,283		2,278		–		(5	)
TWD	Sell	12/17/2014	CBK		8,992		8,856		136		–
ZAR	Buy	11/28/2014	BOA		1,092		1,082		–		(10	)
ZAR	Buy	12/17/2014	BOA		170		169		–		(1	)
ZAR	Buy	11/28/2014	CBK		1,110		1,101		–		(9	)
ZAR	Buy	12/17/2014	SSG		141		141		–		–
ZAR	Sell	11/28/2014	BOA		1,105		1,101		4		–
ZAR	Sell	12/17/2014	BOA		1,069		1,063		6		–
ZAR	Sell	12/17/2014	RBS		3,552		3,560		–		(8	)
Total								$	3,558	$	(1,119	)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

18

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BNP	BNP Paribas Securities Services
BOA	Banc of America Securities LLC
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
CME	Chicago Mercantile Exchange
CSFB	Credit Suisse First Boston Corp.
DEUT	Deutsche Bank Securities, Inc.
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
NAB	National Australia Bank Limited
RBC	RBC Dominion Securities, Inc.
RBS	RBS Greenwich Capital
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CNH	Chinese Yuan Renminbi - Hong Kong
COP	Colombian Peso
EUR	EURO
GBP	British Pound
HKD	Hong Kong Dollar
IDR	Indonesian New Rupiah
INR	Indian Rupee
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican New Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PLN	Polish New Zloty
SEK	Swedish Krona
SGD	Singapore Dollar
TWD	Taiwan Dollar
USD	U.S. Dollar
ZAR	South African Rand

Index Abbreviations:
ASX	Australian Securities Exchange
CAC	Cotation Assistee en Continu
CAZ4	EURO STOXX Banks Index Future
CBOE	Chicago Board Options Exchange
CDX.NA.HY	Credit Derivatives North American High Yield
FTSE	Financial Times and Stock Exchange
IBEX	Spanish Stock Index
ISE	International Security Exchange
JSE	Johannesburg Stock Exhange
KOSPI	Korea Composite Stock Price
KRZ4	WIG20 Index Future
MIB	Milano Italia Borsa
MSCI	Morgan Stanley Capital International
S&P	Standard & Poors
SGX	Singapore Exchange
SPI	Share Price Index
TDX	db-X In-Target Date Fund
WIG20	Capitilization-weighted stock market index of the 20 largest
	companies on the Warsaw Stock Exchange

Other Abbreviations:
ADR	American Depositary Receipt
EQ	Equity
ETF	Exchange Traded Fund
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
J-REIT	Japanese Real Estate Investment Trust
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
REIC	Real Estate Investment Company
REIT	Real Estate Investment Trust
SPDR	Standard & Poor's Depositary Receipt

The accompanying notes are an integral part of these financial statements.

19

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks
Automobiles and Components	$	2,691	$	118	$	2,573	$	–
Banks		6,099		4		6,095		–
Capital Goods		4,482		1,265		3,217		–
Commercial and Professional Services		1,354		1,101		253		–
Consumer Durables and Apparel		2,905		772		2,133		–
Consumer Services		826		763		63		–
Diversified Financials		1,936		653		1,283		–
Energy		7,457		5,035		2,422		–
Food and Staples Retailing		350		134		216		–
Food, Beverage and Tobacco		1,240		1,114		126		–
Health Care Equipment and Services		1,644		1,028		616		–
Insurance		552		–		552		–
Materials		3,245		1,076		2,169		–
Media		1,301		382		919		–
Pharmaceuticals, Biotechnology and Life Sciences		3,065		2,909		156		–
Real Estate		2,036		386		1,650		–
Retailing		2,700		1,670		1,030		–
Semiconductors and Semiconductor Equipment		1,684		893		791		–
Software and Services		4,099		2,808		1,095		196
Technology Hardware and Equipment		3,299		915		2,384		–
Telecommunication Services		730		421		309		–
Transportation		2,302		1,658		644		–
Utilities		323		–		323		–
Total		56,320		25,105		31,019		196
Corporate Bonds		7,162		–		7,162		–
Exchange Traded Funds		10,019		10,019		–		–
Foreign Government Obligations		15,930		–		15,930		–
U.S. Government Securities		7,489		–		7,489		–
Warrants		492		492		–		–
Short-Term Investments		5,856		–		5,856		–
Purchased Options		162		141		21		–
Total	$	103,430	$	35,757	$	67,477	$	196
Foreign Currency Contracts*	$	3,558	$	–	$	3,558	$	–
Futures*		969		969		–		–
Swaps - Credit Default*		6		–		6		–
Swaps - Total Return*		59		–		59		–
Total	$	4,592	$	969	$	3,623	$	–
Liabilities:
Written Options		238		110		128		–
Total	$	238	$	110	$	128	$	–
Foreign Currency Contracts*	$	1,119	$	–	$	1,119	$	–
Futures*		1,695		1,695		–		–
Swaps - Credit Default*		33		–		33		–
Swaps - Total Return*		974		–		974		–
Total	$	3,821	$	1,695	$	2,126	$	–

♦ For the period November 29, 2013 (commencement of operations) through October 31, 2014, there were no transfers between Level 1 and Level 2.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

20

Hartford Real Total Return Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of November 29, 2013*		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales		Transfers Into Level 3		Transfers Out of Level 3		Balance as of October 31, 2014
Assets:
Common Stocks	$	—	$	—	$	62	†	$	—	$	134	$	—	$	—	$	—	$	196
Total	$	—	$	—	$	62		$	—	$	134	$	—	$	—	$	—	$	196

* Commencement of operations.

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $62.

The accompanying notes are an integral part of these financial statements.

21

Hartford Real Total Return Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $105,835)	$	103,430
Cash		4,610	*
Unrealized appreciation on foreign currency contracts		3,558
Unrealized appreciation on OTC swap contracts		65
Receivables:
Investment securities sold		1,928
Fund shares sold		—
Dividends and interest		583
Variation margin on financial derivative instruments		946
OTC swap premiums paid		5
Other assets		63
Total assets		115,188
Liabilities:
Unrealized depreciation on foreign currency contracts		1,119
Unrealized depreciation on OTC swap contracts		974
Bank overdraft — foreign cash		158
Payables:
Investment securities purchased		1,725
Investment management fees		25
Administrative fees		—
Distribution fees		—
Collateral received from broker		53
Variation margin on financial derivative instruments		1,166
Accrued expenses		16
Written option contracts (proceeds $402)		238
Other liabilities		—
Total liabilities		5,474
Net assets	$	109,714
Summary of Net Assets:
Capital stock and paid-in-capital	$	111,110
Distributions in excess of net investment income		(1,173	)
Accumulated net realized gain		1,261
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(1,484	)
Net assets	$	109,714

^* Cash of $4,457 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

22

Hartford Real Total Return Fund

Statement of Assets and Liabilities – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		450,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$10.11/$10.70
Shares outstanding		59
Net assets	$	598
Class C: Net asset value per share	$	10.04
Shares outstanding		12
Net assets	$	122
Class I: Net asset value per share	$	10.15
Shares outstanding		14
Net assets	$	138
Class R3: Net asset value per share	$	10.08
Shares outstanding		10
Net assets	$	101
Class R4: Net asset value per share	$	10.10
Shares outstanding		10
Net assets	$	101
Class R5: Net asset value per share	$	10.13
Shares outstanding		10
Net assets	$	101
Class Y: Net asset value per share	$	10.14
Shares outstanding		10,705
Net assets	$	108,553

The accompanying notes are an integral part of these financial statements.

23

Hartford Real Total Return Fund

Statement of Operations

For the Period November 29, 2013 (commencement of operations) through October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	855
Interest		1,307
Less: Foreign tax withheld		(65	)
Total investment income		2,097
Expenses:
Investment management fees		1,336
Administrative services fees
Class R3		—
Class R4		—
Class R5		—
Transfer agent fees
Class A		—
Class C		—
Class I		—
Class Y		2
Distribution fees
Class A		1
Class C		1
Class R3		—
Class R4		—
Custodian fees		17
Accounting services fees		28
Registration and filing fees		93
Board of Directors' fees		4
Audit fees		13
Other expenses		19
Total expenses (before waivers and fees paid indirectly)		1,514
Expense waivers		(59	)
Commission recapture		(4	)
Total waivers and fees paid indirectly		(63	)
Total expenses, net		1,451
Net Investment Income		646
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		4,373
Net realized loss on purchased option contracts		(837	)
Net realized loss on futures contracts		(2,443	)
Net realized gain on written option contracts		19
Net realized loss on swap contracts		(3,112	)
Net realized gain on foreign currency contracts		1,747
Net realized loss on other foreign currency transactions		(327	)
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(580	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(2,230	)
Net unrealized depreciation of purchased option contracts		(175	)
Net unrealized depreciation of futures contracts		(726	)
Net unrealized appreciation of written option contracts		164
Net unrealized depreciation of swap contracts		(942	)
Net unrealized appreciation of foreign currency contracts		2,439
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(14	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(1,484	)
Net Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(2,064	)
Net Decrease in Net Assets Resulting from Operations	$	(1,418	)

The accompanying notes are an integral part of these financial statements.

24

Hartford Real Total Return Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Period November 29, 2013* through October 31, 2014
Operations:
Net investment income	$	646
Net realized loss on investments, other financial instruments and foreign currency transactions		(580	)
Net unrealized depreciation of investments, other financial instruments and foreign currency transactions		(1,484	)
Net Decrease in Net Assets Resulting from Operations		(1,418	)
Capital Share Transactions:
Class A		622
Class C		123
Class I		137
Class R3		100
Class R4		100
Class R5		100
Class Y		109,950
Net increase from capital share transactions		111,132
Net Increase in Net Assets		109,714
Net Assets:
Beginning of period		—
End of period	$	109,714
Undistributed (distributions in excess of) net investment income	$	(1,173	)

* Commencement of operations.

The accompanying notes are an integral part of these financial statements.

25

Hartford Real Total Return Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for Hartford Real Total Return Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance

26

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or

27

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

28

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of

29

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund, as shown on the Schedule of Investments, had inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of period-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the period are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of

30

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014.

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the period ended October 31, 2014, are summarized below:

Options Contract Activity During the Period November 29, 2013, (commencement of operations), through October 31, 2014:

Call Options Written During the Period	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		3,578,713			847
Expired		(3,492	)		(139	)
Closed		(15,204	)		(620	)
Exercised		(17	)		(6	)
End of period		3,560,000		$	82

Put Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		5,475,140			2,347
Expired		(680,863	)		(300	)
Closed		(801,596	)		(1,710	)
Exercised		(87	)		(17	)
End of period		3,992,594		$	320

* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In

31

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

32

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of period-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the  Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund had no outstanding interest rate swap contracts as of October 31, 2014.

Total Return Swap Contracts – The Fund may invest in total return swap contracts. An investment in a total return swap allows the Fund to gain or mitigate exposure to underlying referenced securities, indices or commodities. Total return swap contracts involve commitments where cash flows are exchanged based on the price of underlying securities, indices or commodities and based on a fixed or variable rate. One party would receive payments based on the price appreciation or depreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying to or receiving from the counterparty seller an agreed-upon rate, which can be fixed or variable. A variable rate may be correlated to a base rate, such as the LIBOR, and is adjusted each reset period, which are defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.

Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment from or make a payment to the counterparty. The Fund, as shown on the Schedule of Investments, had outstanding total return swap contracts as of October 31, 2014.

33

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	—	$	—	$	—	$	162	$	—	$	—	$	162
Unrealized appreciation on foreign currency contracts		—		3,558		—		—		—		—		3,558
Unrealized appreciation on OTC swap contracts		—		—		6		59		—		—		65
Variation margin receivable *		29		—		—		917		—		—		946
Total	$	29	$	3,558	$	6	$	1,138	$	—	$	—	$	4,731
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	1,119	$	—	$	—	$	—	$	—	$	1,119
Unrealized depreciation on OTC swap contracts		—		—		—		974		—		—		974
Variation margin payable *		80		—		12		1,074		—		—		1,166
Written option contracts, market value		—		94		—		144		—		—		238
Total	$	80	$	1,213	$	12	$	2,192	$	—	$	—	$	3,497

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative depreciation of $(726) and open centrally cleared swaps net cumulative depreciation of $(33) as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the period November 29, 2013 through October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the period November 29, 2013 (commencement of operations) through October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts			Equity Contracts			Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on purchased option contracts	$	(115	)	$	(39	)	$	—		$	(683	)	$	—	$	—	$	(837	)
Net realized gain (loss) on futures contracts		1,481			—			—			(3,927	)		3		—		(2,443	)
Net realized gain on written option contracts		19			—			—			—			—		—		19
Net realized loss on swap contracts		(868	)		—			(180	)		(2,064	)		—		—		(3,112	)
Net realized gain on foreign currency contracts		—			1,747			—			—			—		—		1,747
Total	$	517		$	1,708		$	(180	)	$	(6,674	)	$	3	$	—	$	(4,626	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of purchased option contracts	$	—		$	(24	)	$	—		$	(151	)	$	—	$	—	$	(175	)
Net change in unrealized appreciation (depreciation) of futures contracts		113			—			—			(839	)		—		—		(726	)
Net change in unrealized appreciation of written option contracts		—			75			—			89			—		—		164
Net change in unrealized depreciation of swap contracts		—			—			(27	)		(915	)		—		—		(942	)
Net change in unrealized appreciation of foreign currency contracts		—			2,439			—			—			—		—		2,439
Total	$	113		$	2,490		$	(27	)	$	(1,816	)	$	—	$	—	$	760

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers,

34

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:
	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received			Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	121	$	(97	)	$	—	$	—	†	$	24
Futures contracts - variation margin receivable		946		(946	)		—		—			—
Unrealized appreciation on foreign currency contracts		3,556		(913	)		—		—			2,643
Total subject to a master netting or similar arrangement	$	4,623	$	(1,956	)	$	—	$	—		$	2,667

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

† An additional $53 of cash collateral was recevied by the Fund related to derivative liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:
	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged			Cash Collateral Pledged			Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	1,102	$	(97	)	$	—		$	(260	)	$	745
Futures contracts - variation margin payable		1,154		(946	)		(7,050	)		—			—
Swaps contracts - variation margin payable		12		—			—			(139	)		—
Unrealized depreciation on foreign currency contracts		1,118		(913	)		—			—			205
Total subject to a master netting or similar arrangement	$	3,386	$	(1,956	)	$	(7,050	)	$	(399	)	$	950

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e.,

35

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Components of Distributable Earnings – The Fund’s components of distributable earnings (deficit) on a tax basis at October 31, 2014, are as follows:

	Amount
Undistributed Ordinary Income	$	30
Undistributed Long-Term Capital Gain		3,494
Accumulated Capital Losses		(1,630	)
Unrealized Depreciation*		(4,288	)
Total Accumulated Deficit	$	(2,394	)

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

36

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the period ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(1,819	)
Accumulated Net Realized Gain (Loss)		1,841
Capital Stock and Paid-in-Capital		(22	)

Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010 funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014.

As of October 31, 2014, the Fund elected to defer the following Late-Year Ordinary Losses:

	Amount
Ordinary Income	$	1,630

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

37

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million	1.200%
On next $250 million	1.150%
On next $500 million	1.100%
On next $1.5 billion	1.050%
On next $2.5 billion	1.020%
On next $5 billion billion	1.010%
Over $10 billion	1.000%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.025%
On next $5 billion	0.020%
Over $10 billion	0.015%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.70%	2.45%	1.45%	2.00%	1.70%	1.40%	1.30%

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the period November 29, 2013 (commencement of operations) through October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Annualized Period Ended October 31, 2014
Class A		1.64	%*
Class C		2.35	*
Class I		1.34	*
Class R3		2.00	*
Class R4		1.70	*
Class R5		1.40	*
Class Y		1.30	*

* From November 29, 2013 (commencement of operations) through October 31, 2014.

38

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the period November 29, 2013 (commencement of operations) through October 31, 2014, HFD received front-end load sales charges of $30 and contingent deferred sales charges of $3 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the period November 29, 2013 (commencement of operations) through October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

39

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class A		17	%	—	%*
Class C		82		—	*
Class I		73		—	*
Class R3		100	†	—	*
Class R4		100	†	—	*
Class R5		100	†	—	*
Class Y		—	*	—	*

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		99	%

* Percentage rounds to zero.

† Percentage rounds to 100%.

Investment Transactions:

For the period November 29, 2013 (commencement of operations) through October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	382,572	$	23,083	$	405,655
Sales Proceeds		292,061		17,151		309,212

40

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the period November 29, 2013 (commencement of operations) through October 31, 2014:

	For the Period Ended October 31, 2014
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		65		—		(6	)		59
Amount	$	689	$	—	$	(67	)	$	622
Class C
Shares		13		—		(1	)		12
Amount	$	131	$	—	$	(8	)	$	123
Class I
Shares		16		—		(2	)		14
Amount	$	158	$	—	$	(21	)	$	137
Class R3
Shares		10		—		—			10
Amount	$	100	$	—	$	—		$	100
Class R4
Shares		10		—		—			10
Amount	$	100	$	—	$	—		$	100
Class R5
Shares		10		—		—			10
Amount	$	100	$	—	$	—		$	100
Class Y
Shares		14,398		—		(3,693	)		10,705
Amount	$	149,081	$	—	$	(39,131	)	$	109,950
Total
Shares		14,522		—		(3,702	)		10,820
Amount	$	150,359	$	—	$	(39,227	)	$	111,132

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the period November 29, 2013 (commencement of operations) through October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to

41

Hartford Real Total Return Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

42

Hartford Real Total Return Fund

Financial Highlights

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
From November 29, 2013 (commencement of operations), through October 31, 2014
A(D)	$	10.00	$	0.04		$	0.07		$	0.11	$	–	$	–	$	–	$	10.11		1.10	%(E)	$	598		1.70	%(F)		1.65	%(F)		0.42	%(F)
C(D)		10.00		(0.05	)		0.09			0.04		–		–		–		10.04		0.40	(E)		122		2.41	(F)		2.36	(F)		(0.56	)(F)
I(D)		10.00		0.17			(0.02	)		0.15		–		–		–		10.15		1.50	(E)		138		1.39	(F)		1.34	(F)		1.68	(F)
R3(D)		10.00		(0.01	)		0.09			0.08		–		–		–		10.08		0.80	(E)		101		2.05	(F)		2.00	(F)		(0.11	)(F)
R4(D)		10.00		0.02			0.08			0.10		–		–		–		10.10		1.00	(E)		101		1.75	(F)		1.70	(F)		0.18	(F)
R5(D)		10.00		0.05			0.08			0.13		–		–		–		10.13		1.30	(E)		101		1.45	(F)		1.40	(F)		0.48	(F)
Y(D)		10.00		0.06			0.08			0.14		–		–		–		10.14		1.40	(E)		108,553		1.35	(F)		1.30	(F)		0.57	(F)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Commenced operations on November 29, 2013.

(E) Not annualized.

(F) Annualized.

	Portfolio Turnover Rate for All Share Classes
From November 29, 2013 (commencement of operations) through October 31, 2014	305	%(A)

(A) Not annualized.

43

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Hartford Real Total Return Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations, the statement of changes in net assets, and the financial highlights for the period from November 29, 2013 (commencement of operations) to October 31, 2014. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Hartford Real Total Return Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations, the changes in its net assets, and the financial highlights for the period from November 29, 2013 (commencement of operations) to October 31, 2014, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

44

Hartford Real Total Return Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

45

Hartford Real Total Return Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

46

Hartford Real Total Return Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

47

Hartford Real Total Return Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

48

Hartford Real Total Return Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	964.70	$	8.12	$	1,000.00	$	1,016.94	$	8.34		1.64	%	184	365
Class C	$	1,000.00	$	960.80	$	11.82	$	1,000.00	$	1,013.15	$	12.14		2.39		184	365
Class I	$	1,000.00	$	966.70	$	6.63	$	1,000.00	$	1,018.46	$	6.81		1.34		184	365
Class R3	$	1,000.00	$	962.80	$	9.89	$	1,000.00	$	1,015.12	$	10.16		2.00		184	365
Class R4	$	1,000.00	$	963.70	$	8.41	$	1,000.00	$	1,016.64	$	8.64		1.70		184	365
Class R5	$	1,000.00	$	965.70	$	6.94	$	1,000.00	$	1,018.15	$	7.12		1.40		184	365
Class Y	$	1,000.00	$	966.60	$	6.44	$	1,000.00	$	1,018.65	$	6.61		1.30		184	365

49

Hartford Real Total Return Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for Hartford Real Total Return Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the

50

Hartford Real Total Return Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund since inception and evaluated HFMC’s analysis of the Fund’s performance since inception. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the period since its inception. The Board also noted that the Fund’s performance was above its benchmark since its inception.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

51

Hartford Real Total Return Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 4^th quintile of its expense group, while its actual management fee was in the 5^th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

52

Hartford Real Total Return Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

53

Hartford Real Total Return Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Asset Allocation Strategy Risk: The portfolio managers' asset allocation strategy may not always work as intended, and asset allocation does not guarantee better performance or reduce the risk of investment loss. The investment styles employed by the portfolio managers may not be complimentary, which could adversely affect the performance of the Fund.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early).

Inflation Protected Securities Risk: The market for inflation protected securities may be less developed or liquid, and more volatile, than other securities markets.

Structured Securities Risk: Structured securities are typically sold in private placement transactions, and there currently is no active trading market for structured securities, which may make them difficult to value and sell.

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

54

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services. 

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014 

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-RTR14 12/14 115857-1 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD
SHORT DURATION FUND   2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Short Duration Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	18
Statement of Operations for the Year Ended October 31, 2014	19
Statement of Changes in Net Assets for the Years Ended April 30, 2014, and October 31, 2013	20
Notes to Financial Statements	21
Financial Highlights	35
Report of Independent Registered Public Accounting Firm	37
Directors and Officers (Unaudited)	38
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	40
Quarterly Portfolio Holdings Information (Unaudited)	40
Federal Tax Information (Unaudited)	41
Expense Example (Unaudited)	42
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	43
Main Risks (Unaudited)	47

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Short Duration Fund inception 10/31/2002

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide current income and long-term total return.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Short Duration A#		1.23	%		2.77	%		2.79	%
Short Duration A##		-0.79	%		2.35	%		2.58	%
Short Duration B#		1.33	%		2.68	%		2.31	%*
Short Duration B##		-3.64	%		2.32	%		2.31	%*
Short Duration C#		0.48	%		2.01	%		2.02	%
Short Duration C##		-0.51	%		2.01	%		2.02	%
Short Duration I#		1.52	%		3.08	%		2.94	%
Short Duration R3#		0.84	%		2.70	%		2.89	%
Short Duration R4#		1.14	%		2.91	%		3.00	%
Short Duration R5#		1.54	%		3.10	%		3.09	%
Short Duration Y#		1.49	%		3.11	%		3.10	%
Barclays 1-3 Year U.S. Government/Credit Index		0.89	%		1.45	%		2.84	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 2.00% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 2/26/10. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 9/30/11. Performance prior to that date is that of the Fund’s Class Y shares, which had different operating expenses.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company, using a modified investment strategy. As of March 5, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund. 

Barclays 1-3 Year U.S. Government/Credit Index is an unmanaged index comprised of the U.S. Government/Credit component of the U.S. Aggregate Index. The 1-3 Year U.S. Government/Credit Index includes securities in the 1-3 year maturity range in the U.S. Government/Credit Index.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Short Duration Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Short Duration Class A		0.85	%		0.88	%
Short Duration Class B		1.60	%		1.74	%
Short Duration Class C		1.60	%		1.60	%
Short Duration Class I		0.57	%		0.57	%
Short Duration Class R3		1.15	%		1.23	%
Short Duration Class R4		0.85	%		0.92	%
Short Duration Class R5		0.55	%		0.61	%
Short Duration Class Y		0.51	%		0.51	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Manager

Timothy E. Smith

Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Short Duration Fund returned 1.23%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the Barclays 1-3 Year U.S. Government/Credit Index, which returned 0.89% for the same period. The Fund also outperformed the 1.12% average return of the Lipper Short Investment Grade Debt Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter Gross Domestic Product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

Our out-of-benchmark allocation to bank loans and overweight to and security selection within investment grade corporates were the top contributors to benchmark-relative outperformance during the period. Within investment grade credit, our overweight to Financials and overweight to and security selection within Industrials contributed positively during the period. Our out-of-benchmark allocations to Mortgage Backed Securities (MBS), both agency and non-agency, were additive. Exposures to both Commercial Mortgage Backed Securities (CMBS) and Asset Backed Securities (ABS) were also favorable for relative results. Our overweight to the 5-year portion of the yield curve detracted from performance, offset partially by our underweight to the 2-year portion.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We believe U.S. economic momentum remains positive. U.S. employment, payrolls and consumer confidence continue to improve, although challenges to global growth have increased. On balance, the Fund maintains a moderately pro-cyclical risk posture. We also

3

The Hartford Short Duration Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

believe the Fed will begin increasing the Federal Funds Rate in mid-2015 and we expect core inflation to rise in 2015. With this in mind, we maintained a short duration posture at the end of the period.

Reflecting our belief that U.S. government securities remain the most liquid sector, we own select U.S. Agency securities maturing inside of 3 years. We maintain a limited agency MBS allocation as the Fed tapers purchases, and we own select prime non-agency MBS as they continue to pay down on attractive valuations and an uneven yet improving housing market. We continue to favor auto, equipment, and credit card ABS due to improving consumer fundamentals supported by an improving labor market, as well as senior tranches of CMBS deals on attractive valuations and long-term fundamentals. We believe the investment grade corporate bond market has strong credit fundamentals, and we continue to favor U.S. financials. We continue to favor bank loans over high yield bonds.

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Aaa/ AAA		17.9	%
Aa/ AA		8.5
A		21.3
Baa/ BBB		30.4
Ba/ BB		13.7
B		8.7
Caa/ CCC or Lower		0.0
Not Rated		0.6
Short-Term Instruments		0.8
Other Assets and Liabilities		(1.9	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		21.3	%
Corporate Bonds		54.9
Municipal Bonds		0.5
Senior Floating Rate Interests		19.3
U.S. Government Agencies		5.1
Total		101.1	%
Short-Term Investments		0.8
Other Assets and Liabilities		(1.9	)
Total		100.0	%

4

The Hartford Short Duration Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 21.3%
		Finance and Insurance - 20.9%
		Accredited Mortgage Loan Trust
$	1,082	0.83%, 01/25/2035 Δ	$	1,062
		Aegis Asset Backed Securities Trust
	999	1.25%, 09/25/2034 Δ		986
		Ally Master Owner Trust
	1,280	1.00%, 02/15/2018		1,283
	3,900	1.43%, 06/17/2019		3,900
	2,695	1.54%, 09/15/2019		2,695
		American Credit Acceptance Receivables
	894	1.45%, 04/16/2018 ■		897
		American Express Credit Account Master Trust
	2,072	0.77%, 05/15/2018		2,074
	455	0.98%, 05/15/2019		456
		American Tower Trust I
	3,000	1.55%, 03/15/2043 ■‡		2,979
		AmeriCredit Automobile Receivables Trust
	1,290	1.60%, 07/08/2019		1,285
	2,000	2.72%, 09/09/2019		2,045
		Apidos CLO
	2,250	1.33%, 04/15/2025 ■Δ		2,212
	1,495	1.71%, 04/17/2026 ■Δ		1,487
		Bayview Commercial Asset Trust
	4,926	3.32%, 01/25/2037 ■►		1
	5,274	3.51%, 09/25/2037 ■►		276
		Bear Stearns Commercial Mortgage Securities, Inc.
	1,749	5.41%, 12/11/2040		1,802
		Carlyle Global Market Strategies
	870	1.38%, 04/18/2025 ■Δ		855
	2,750	2.33%, 07/20/2023 ■Δ		2,689
		CarMax Automotive Owner Trust
	395	1.50%, 08/15/2018		400
		CBA Commercial Small Balance Commercial Mortgage
	4,123	5.80%, 01/25/2039 ■►		—
		Cent CLO L.P.
	1,500	1.71%, 01/25/2026 ■Δ		1,493
		CFCRE Commercial Mortgage Trust
	1,429	3.76%, 04/15/2044 ■		1,478
		Chesapeake Funding LLC
	859	0.61%, 01/07/2025 ■Δ		858
		Chrysler Capital Automotive Rec Trust
	975	0.91%, 04/16/2018 ■		977
		CIFC Funding Ltd.
	2,125	1.38%, 04/16/2025 ■Δ		2,085
	2,180	2.34%, 08/14/2024 ■Δ		2,134
		Citigroup Commercial Mortgage Trust
	1,445	0.69%, 09/10/2045		1,445
		Citigroup/Deutsche Bank Commercial Mortgage Trust
	3,475	5.32%, 12/11/2049		3,714
	3,474	5.89%, 11/15/2044 ‡		3,817
		Commercial Mortgage Pass-Through Certificates
	778	0.67%, 11/15/2045		775
	1,075	0.70%, 10/15/2045		1,070
	760	0.82%, 08/15/2045		759
	1,527	1.30%, 03/10/2047		1,524
	1,053	1.34%, 07/10/2045		1,061
	2,341	3.16%, 07/10/2046 ■		2,374
		Community or Commercial Mortgage Trust
	1,194	1.28%, 08/10/2046		1,195
		Connecticut Avenue Securities Series
	2,408	1.10%, 05/25/2024 Δ		2,369
	3,987	1.35%, 07/25/2024 Δ		3,947
		Countrywide Asset-Backed Certificates
	991	0.78%, 03/25/2035 Δ		990
		Credit Acceptance Automotive Loan Trust
	1,650	1.50%, 04/15/2021 ■		1,655
	1,380	1.55%, 10/15/2021 ■		1,381
	228	2.20%, 09/16/2019 ■		229
		Credit Suisse Mortgage Capital Certificates
	2,934	5.47%, 09/15/2039		3,115
		DBUBS Mortgage Trust
	2,946	1.55%, 01/01/2021 ■►		76
	1,345	3.64%, 08/10/2044		1,397
	2,355	3.74%, 11/10/2046 ■		2,426
		Dryden Senior Loan Fund
	1,460	1.58%, 04/18/2026 ■Δ		1,443
		First Franklin Mortgage Loan Trust
	471	0.58%, 05/25/2035 Δ		469
		First Investors Automotive Owner Trust
	1,270	1.23%, 03/15/2019 ■		1,275
		Ford Credit Automotive Lease Trust
	560	0.76%, 09/15/2016		561
		Ford Credit Automotive Owner Trust
	2,500	2.62%, 10/15/2016 ‡		2,531
		Ford Credit Floorplan Master Owner Trust
	1,070	0.70%, 06/15/2020 Δ		1,076
	435	1.40%, 02/15/2019		435
		FREMF Mortgage Trust
	2,320	3.08%, 10/25/2047 ■		2,305
		Gramercy Park CLO Ltd.
	1,700	2.13%, 07/17/2023 ■Δ		1,663
		Granite Master Issuer plc
	2,825	0.24%, 12/20/2054 Δ		2,802
	2,718	0.30%, 12/20/2054 Δ		2,698
		GS Mortgage Securities Trust
	1,032	0.66%, 11/10/2045		1,027
	731	1.21%, 07/10/2046		733
	1,500	5.55%, 04/10/2038		1,556
		Hasco HIM Trust
	50	0.00%, 12/26/2035 ■●†		—
		Hilton USA Trust
	1,320	1.16%, 11/05/2030 ■Δ		1,320
		Home Equity Asset Trust
	2,196	0.79%, 11/25/2034 Δ		2,182
		ING Investment Management CLO Ltd.
	1,455	1.77%, 04/18/2026 ■Δ		1,448
	2,000	2.08%, 03/14/2022 ■Δ		1,962
		JP Morgan Chase Commercial Mortgage Securities Corp.
	393	0.71%, 10/15/2045 Δ		393
	1,391	1.30%, 01/15/2046		1,398
	950	3.36%, 11/13/2044 ■		988
	1,307	3.85%, 06/15/2043 ■		1,320
	279	4.93%, 09/12/2037		279
	2,000	5.40%, 12/15/2044 Δ		2,054
	1,745	6.06%, 04/15/2045 Δ		1,839

The accompanying notes are an integral part of these financial statements.

5

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 21.3% - (continued)
		Finance and Insurance - 20.9% - (continued)
		Limerock CLO
$	2,000	1.73%, 04/18/2026 ■Δ	$	1,985
		Long Beach Asset Holdings Corp.
	180	0.00%, 04/25/2046 ■●		—
		M&T Bank Automotive Receivables Trust
	1,595	1.57%, 01/15/2017 ■		1,611
		Magnetite CLO Ltd.
	4,680	2.23%, 07/25/2026 ■Δ		4,541
		Master Credit Card Trust
	1,365	0.78%, 04/21/2017 ■		1,366
		Merrill Lynch Mortgage Trust
	464	6.03%, 06/12/2050 Δ		465
		Merrill Lynch/Countrywide Commercial Mortgage Trust
	122	5.11%, 12/12/2049		122
	637	5.38%, 08/12/2048		683
		MMAF Equipment Finance LLC
	2,670	1.59%, 02/08/2022 ■‡		2,660
		Morgan Stanley ABS Capital I
	1,395	0.91%, 01/25/2035 Δ		1,374
		Morgan Stanley BAML Trust
	490	0.66%, 11/15/2045		488
		Morgan Stanley Capital I
	1,298	3.22%, 07/15/2049		1,346
	1,500	3.88%, 09/15/2047 ■		1,541
	2,297	4.99%, 08/13/2042		2,317
		Morgan Stanley Re-Remic Trust
	1,730	1.00%, 03/29/2051 ■		1,732
		Motor plc
	53	1.29%, 02/25/2020 ■		53
		National Credit Union Administration
	385	1.60%, 10/29/2020		387
		Neuberger Berman CLO XVI Ltd.
	1,470	1.70%, 03/01/2026 ■Δ		1,457
		New York City Tax Lien
	319	1.19%, 11/10/2026 ■		319
		Nissan Automotive Lease Trust
	770	0.75%, 06/15/2016		771
		Octagon Investment Partners
	2,500	1.35%, 07/17/2025 ■Δ		2,451
		OHA Intrepid Leveraged Loan Fund Ltd.
	999	1.15%, 04/20/2021 ■Δ		999
		Prestige Automotive Receivables Trust
	920	1.52%, 04/15/2020 ■		920
		Race Point CLO Ltd.
	2,500	2.38%, 05/24/2023 ■Δ		2,464
		Renaissance Home Equity Loan Trust
	108	0.00%, 04/25/2037 ■●		—
		Residential Asset Securities Corp.
	48	0.38%, 01/25/2036 Δ		48
	1,176	5.39%, 07/25/2034		1,213
		Santander Drive Automotive Receivables Trust
	1,960	3.64%, 05/15/2018		2,030
		SBA Tower Trust
	2,060	2.90%, 10/15/2044 ■Δ		2,065
		Silverstone Master Issuer plc
	415	1.78%, 01/21/2055 ■Δ		417
		SNAAC Automotive Receivables Trust
	122	1.14%, 07/16/2018 ■		122
		Springleaf Funding Trust
	2,125	2.41%, 12/15/2022 ■		2,130
		Springleaf Mortgage Loan Trust
	559	1.27%, 06/25/2058 ■		557
		Structured Agency Credit Risk Debt Notes
	1,301	1.00%, 04/25/2024 Δ		1,286
	604	1.15%, 02/25/2024 Δ		598
		Structured Asset Investment Loan Trust
	383	0.72%, 04/25/2035 Δ		382
		Structured Asset Securities Corp.
	1,009	0.30%, 02/25/2036 Δ		995
		Symphony CLO Ltd.
	4,035	1.98%, 01/09/2023 ■Δ		3,983
		UBS Commercial Mortgage Trust
	887	1.03%, 05/10/2045		890
		UBS-Barclays Commercial Mortgage Trust
	1,683	0.73%, 08/10/2049		1,670
		Wachovia Bank Commercial Mortgage Trust
	119	4.80%, 10/15/2041		119
	726	4.94%, 04/15/2042		730
	2,363	5.31%, 11/15/2048 ‡		2,523
	2,387	5.45%, 12/15/2044 Δ		2,462
	1,500	5.48%, 04/15/2047		1,527
		Westlake Automobile Receivables Trust
	766	1.12%, 07/15/2015 ■		767
		WF-RBS Commercial Mortgage Trust
	1,747	0.67%, 11/15/2045		1,744
		World Omni Automotive Receivables Trust
	1,500	2.33%, 09/15/2016		1,503
				171,298
		Real Estate, Rental and Leasing - 0.1%
		ARI Fleet Lease Trust
	467	0.45%, 01/15/2021 ■Δ		467
		Transportation Equipment Manufacturing - 0.3%
		GE Equipment Transportation LLC
	2,500	0.92%, 09/25/2017		2,508
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $176,658)	$	174,273
Corporate Bonds - 54.9%
		Accommodation and Food Services - 0.1%
		Sysco Corp.
$	1,090	2.35%, 10/02/2019	$	1,096
		Arts, Entertainment and Recreation - 1.6%
		British Sky Broadcasting Group plc
	1,770	2.63%, 09/16/2019 ■		1,775
		CBS Corp.
	3,000	2.30%, 08/15/2019		2,961
		DirecTV Holdings LLC
	915	1.75%, 01/15/2018		911
	2,681	2.40%, 03/15/2017		2,746
		Echostar DBS Corp.
	725	7.13%, 02/01/2016		771
		Fidelity National Information Services, Inc.
	750	1.45%, 06/05/2017		747

The accompanying notes are an integral part of these financial statements.

6

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Corporate Bonds - 54.9% - (continued)
		Arts, Entertainment and Recreation - 1.6% - (continued)
		Time Warner Cable, Inc.
$	2,000	5.85%, 05/01/2017	$	2,210
		Viacom, Inc.
	955	2.20%, 04/01/2019		946
				13,067
		Beverage and Tobacco Product Manufacturing - 1.6%
		Anheuser-Busch InBev Worldwide, Inc.
	3,730	1.38%, 07/15/2017		3,739
		Constellation Brands, Inc.
	1,210	7.25%, 09/01/2016		1,322
		Diageo Capital plc
	3,275	1.50%, 05/11/2017		3,294
		Imperial Tobacco Finance plc
	2,000	2.05%, 02/11/2018 ■		1,998
		Lorillard Tobacco Co.
	180	2.30%, 08/21/2017		182
		Molson Coors Brewing Co.
	311	2.00%, 05/01/2017		316
		Pernod-Ricard S.A.
	1,000	2.95%, 01/15/2017 ■		1,030
		Reynolds American, Inc.
	1,300	1.05%, 10/30/2015		1,302
				13,183
		Chemical Manufacturing - 0.5%
		Ecolab, Inc.
	375	1.45%, 12/08/2017		374
		Monsanto Co.
	1,820	2.13%, 07/15/2019		1,815
		Yara International ASA
	1,750	5.25%, 12/15/2014 ■		1,759
				3,948
		Computer and Electronic Product Manufacturing - 0.6%
		Hewlett-Packard Co.
	2,000	1.17%, 01/14/2019 Δ		1,993
	1,090	2.75%, 01/14/2019		1,096
		Thermo Fisher Scientific, Inc.
	1,225	1.30%, 02/01/2017		1,224
		YMobile Corp.
	500	8.25%, 04/01/2018 ■		527
				4,840
		Electrical Equipment, Appliance Manufacturing - 0.3%
		Whirlpool Corp.
	1,235	1.35%, 03/01/2017		1,231
	1,400	2.40%, 03/01/2019		1,400
				2,631
		Fabricated Metal Product Manufacturing - 0.2%
		Masco Corp.
	1,450	4.80%, 06/15/2015		1,477
		Finance and Insurance - 32.3%
		Abbey National Treasury Services plc
	2,300	3.05%, 08/23/2018		2,392
		ABN Amro Bank N.V.
	1,500	1.38%, 01/22/2016 ■		1,510
	1,429	4.25%, 02/02/2017 ■		1,516
		AerCap Ireland Capital Ltd.
	1,665	2.75%, 05/15/2017 ■		1,644
		American Express Credit Corp.
	3,225	1.13%, 06/05/2017		3,209
	2,000	2.25%, 08/15/2019		2,000
		American Honda Finance Corp.
	675	1.60%, 02/16/2018 ■		675
		American International Group, Inc.
	4,000	2.30%, 07/16/2019		4,021
		Banco Santander Brasil S.A.
	980	4.25%, 01/14/2016 ■		1,007
		Bank of America Corp.
	2,200	1.30%, 03/22/2018 Δ		2,232
	2,500	1.70%, 08/25/2017		2,500
	4,375	2.00%, 01/11/2018		4,386
	2,500	2.65%, 04/01/2019		2,523
		Bank of Montreal
	1,500	2.38%, 01/25/2019		1,516
		Bank of New York Mellon Corp.
	1,500	1.97%, 06/20/2017 Δ		1,529
	1,750	2.20%, 05/15/2019		1,756
	1,500	2.30%, 09/11/2019		1,502
		Bank of Nova Scotia
	1,000	1.30%, 07/21/2017		999
	1,500	1.38%, 12/18/2017		1,497
		Bank of Tokyo-Mitsubishi UFJ Ltd.
	3,250	2.35%, 09/08/2019 ■		3,232
		Barclays Bank plc
	2,500	6.05%, 12/04/2017 ■		2,770
		BB&T Corp.
	2,000	0.90%, 02/01/2019 Δ		2,017
	1,245	1.09%, 06/15/2018 Δ		1,263
	815	1.60%, 08/15/2017		818
		BNP Paribas
	1,650	2.38%, 09/14/2017		1,682
	2,000	2.70%, 08/20/2018		2,043
		BP Capital Markets plc
	1,750	0.87%, 09/26/2018 Δ		1,761
	2,250	1.85%, 05/05/2017		2,281
		BPCE S.A.
	3,500	1.08%, 02/10/2017 Δ		3,531
	3,040	2.50%, 12/10/2018 - 07/15/2019		3,049
		Capital One Bank
	2,500	2.30%, 06/05/2019		2,486
		Capital One Financial Corp.
	1,190	2.45%, 04/24/2019		1,193
		Caterpillar Financial Services Corp.
	3,000	2.10%, 06/09/2019		3,009
		CIGNA Corp.
	503	2.75%, 11/15/2016		519
		CIT Group, Inc.
	2,500	4.25%, 08/15/2017		2,569
	1,250	5.00%, 05/15/2017		1,309
		Citigroup, Inc.
	157	1.25%, 01/15/2016		158
	3,600	1.55%, 08/14/2017		3,591
	965	2.50%, 07/29/2019		968
	3,000	2.55%, 04/08/2019		3,031
	2,000	5.50%, 02/15/2017		2,174
		CNA Financial Corp.
	2,000	6.50%, 08/15/2016		2,187
		CNH Capital LLC
	1,750	3.88%, 11/01/2015		1,772
		Compass Bank
	1,555	2.75%, 09/29/2019		1,566

The accompanying notes are an integral part of these financial statements.

7

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Corporate Bonds - 54.9% - (continued)
		Finance and Insurance - 32.3% - (continued)
		Corporacion Andina De Fomento
$	1,500	3.75%, 01/15/2016	$	1,552
		Credit Suisse New York
	850	1.38%, 05/26/2017		848
	2,250	2.30%, 05/28/2019		2,245
		Deutsche Bank AG London
	2,000	1.35%, 05/30/2017		1,988
		DNB Bank ASA
	2,000	3.20%, 04/03/2017 ■		2,090
		Federal National Mortgage Association
	10,000	1.00%, 09/27/2017 ‡		9,993
		Fifth Third Bancorp
	4,250	2.38%, 04/25/2019 ‡		4,274
		Ford Motor Credit Co. LLC
	2,000	1.72%, 12/06/2017		1,988
	3,500	2.38%, 01/16/2018		3,534
		General Electric Capital Corp.
	3,000	2.30%, 04/27/2017		3,080
	1,250	2.90%, 01/09/2017		1,302
		Goldman Sachs Group, Inc.
	4,000	1.33%, 11/15/2018 Δ		4,041
	4,000	2.38%, 01/22/2018		4,037
	1,000	2.55%, 10/23/2019		994
	1,279	3.63%, 02/07/2016		1,320
		Harley-Davidson Financial Services, Inc.
	840	2.40%, 09/15/2019 ■		841
		Health Care REIT, Inc.
	1,010	2.25%, 03/15/2018		1,022
	688	3.63%, 03/15/2016		713
		Host Hotels & Resorts L.P.
	1,250	6.00%, 11/01/2020		1,333
		HSBC Bank plc
	1,775	0.87%, 05/15/2018 ■Δ		1,790
		HSBC USA, Inc.
	3,590	1.63%, 01/16/2018		3,588
		Humana, Inc.
	690	2.63%, 10/01/2019		691
		Huntington National Bank
	1,785	2.20%, 04/01/2019		1,782
		Hyundai Capital America
	2,500	2.13%, 10/02/2017 ■		2,527
		ING Bank N.V.
	2,395	2.50%, 10/01/2019 ■		2,409
		Intesa Sanpaolo S.p.A.
	1,500	3.13%, 01/15/2016		1,532
	2,000	3.88%, 01/15/2019		2,082
		JP Morgan Chase & Co.
	3,000	1.35%, 02/15/2017		3,004
	1,100	1.63%, 05/15/2018		1,088
	3,000	1.80%, 01/25/2018		2,999
	1,500	2.00%, 08/15/2017		1,518
		Key Bank NA
	1,000	1.65%, 02/01/2018		998
		Lloyds Bank plc
	980	2.30%, 11/27/2018		987
	820	4.20%, 03/28/2017		874
		Macquarie Group Ltd.
	2,500	3.00%, 12/03/2018 ■		2,574
		Manufacturers & Traders Trust Co.
	2,500	2.25%, 07/25/2019		2,499
	1,045	5.59%, 12/28/2020		1,088
		Marsh & McLennan Cos., Inc.
	985	2.35%, 09/10/2019		989
	770	2.55%, 10/15/2018		787
		Merrill Lynch & Co., Inc.
	2,000	6.05%, 05/16/2016		2,141
		MetLife Global Funding I
	1,480	1.50%, 01/10/2018 ■		1,472
		Morgan Stanley
	2,000	1.08%, 01/24/2019 Δ		2,014
	1,750	5.63%, 09/23/2019		1,982
	1,500	5.95%, 12/28/2017		1,686
	1,500	6.63%, 04/01/2018		1,718
		Navient Corp.
	750	3.88%, 09/10/2015		757
		Nissan Motor Acceptance Corp.
	2,500	2.35%, 03/04/2019 ■		2,509
		PNC Bank NA
	3,500	2.25%, 07/02/2019		3,506
		Principal Financial Group, Inc.
	365	1.85%, 11/15/2017		367
		Principal Life Global Funding II
	1,700	1.13%, 02/24/2017 ■		1,697
		Prudential Financial, Inc.
	2,000	1.01%, 08/15/2018 Δ		2,018
	1,500	2.35%, 08/15/2019		1,499
		QBE Insurance Group Ltd.
	390	2.40%, 05/01/2018 ■		390
		Royal Bank of Canada
	1,500	1.50%, 01/16/2018		1,496
		Royal Bank of Scotland Group plc
	2,000	1.88%, 03/31/2017		2,006
		Santander Holdings USA, Inc.
	715	3.00%, 09/24/2015		727
	738	4.63%, 04/19/2016		776
		SBA Tower Trust
	1,300	2.24%, 04/15/2043 ■		1,289
	1,310	2.93%, 12/15/2017 ■		1,328
		Scentre Group
	1,870	2.38%, 11/05/2019 ■☼		1,862
		Simon Property Group, Inc.
	1,965	1.50%, 02/01/2018 ■		1,953
		Skandinaviska Enskilda Banken AB
	1,250	1.75%, 03/19/2018 ■		1,248
	1,545	2.38%, 11/20/2018 ■		1,567
		Societe Generale
	2,395	2.63%, 10/01/2018		2,434
		Standard Chartered plc
	3,000	2.40%, 09/08/2019 ■		2,995
		SunTrust Banks, Inc.
	1,750	2.50%, 05/01/2019		1,763
		Svenska Handelsbanken AB
	2,000	2.25%, 06/17/2019		2,012
		Swedbank AB
	1,800	1.75%, 03/12/2018 ■		1,799
		Synchrony Financial
	2,255	3.00%, 08/15/2019		2,280

The accompanying notes are an integral part of these financial statements.

8

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Corporate Bonds - 54.9% - (continued)
		Finance and Insurance - 32.3% - (continued)
		TIAA Asset Management Finance LLC
$	861	2.95%, 11/01/2019 ■	$	863
		Toronto-Dominion Bank
	2,000	1.13%, 05/02/2017		1,997
		Total System Services, Inc.
	2,075	2.38%, 06/01/2018		2,067
		Toyota Motor Credit Corp.
	900	1.25%, 10/05/2017		899
	1,500	2.00%, 10/24/2018		1,514
	2,000	2.13%, 07/18/2019		2,002
		TSMC Global Ltd.
	3,450	1.63%, 04/03/2018 ■		3,429
		U.S. Bancorp
	2,250	1.65%, 05/15/2017		2,276
		UBS AG Stamford CT
	3,250	5.88%, 12/20/2017		3,661
		Union Bank NA
	2,000	5.95%, 05/11/2016		2,144
		Ventas Realty L.P.
	570	1.25%, 04/17/2017		569
	1,750	1.55%, 09/26/2016		1,764
	3,000	2.00%, 02/15/2018		3,013
		Voya Financial, Inc.
	2,250	2.90%, 02/15/2018		2,313
		Wellpoint, Inc.
	4,000	2.25%, 08/15/2019		3,961
	1,000	2.38%, 02/15/2017		1,025
		Wells Fargo & Co.
	1,000	1.15%, 06/02/2017		997
	2,035	1.50%, 01/16/2018		2,031
	1,000	2.10%, 05/08/2017		1,021
	2,000	2.13%, 04/22/2019		2,000
		Western Union Co.
	430	2.38%, 12/10/2015		436
		Xstrata Finance Canada Ltd.
	1,000	2.85%, 11/10/2014 ■		1,001
				264,668
		Food Manufacturing - 0.7%
		ConAgra Foods, Inc.
	345	1.90%, 01/25/2018		343
		Mondelez International, Inc.
	3,000	0.76%, 02/01/2019 Δ		3,004
		Tyson Foods, Inc.
	1,195	2.65%, 08/15/2019		1,206
		Wrigley Jr., William Co.
	720	1.40%, 10/21/2016 ■		724
				5,277
		Furniture and Related Product Manufacturing - 0.0%
		Newell Rubbermaid, Inc.
	355	2.05%, 12/01/2017		356
		Health Care and Social Assistance - 2.9%
		AbbVie, Inc.
	2,000	1.75%, 11/06/2017		2,006
		Actavis Funding SCS
	490	2.45%, 06/15/2019 ■		475
		Aetna, Inc.
	2,135	1.50%, 11/15/2017		2,132
		Bayer Finance LLC
	1,300	2.38%, 10/08/2019 ■		1,302
		Cardinal Health, Inc.
	370	1.70%, 03/15/2018		368
		Catholic Health Initiatives
	195	1.60%, 11/01/2017		195
		CVS Caremark Corp.
	1,980	1.20%, 12/05/2016		1,983
	2,350	2.25%, 08/12/2019		2,340
		Dignity Health
	1,810	2.64%, 11/01/2019		1,825
		Express Scripts Holding Co.
	2,115	2.25%, 06/15/2019		2,103
	2,000	2.65%, 02/15/2017		2,057
		Laboratory Corp. of America Holdings
	1,411	2.20%, 08/23/2017		1,432
		Mylan, Inc.
	2,500	1.35%, 11/29/2016		2,506
	2,000	6.00%, 11/15/2018 ■		2,060
		Perrigo Co., Ltd.
	800	1.30%, 11/08/2016		798
				23,582
		Information - 2.5%
		Affiliated Computer Services, Inc.
	1,000	5.20%, 06/01/2015		1,025
		America Movil S.A.B. de C.V.
	1,200	2.38%, 09/08/2016		1,229
		British Telecommunications plc
	1,785	1.25%, 02/14/2017		1,781
	1,430	1.63%, 06/28/2016		1,445
		Columbus International, Inc.
	400	7.38%, 03/30/2021 ■		424
		Deutsche Telekom International Finance B.V.
	3,000	3.13%, 04/11/2016 ■		3,094
		Nara Cable Funding Ltd.
	1,250	8.88%, 12/01/2018 ■		1,311
		Oracle Corp.
	3,000	2.25%, 10/08/2019		3,006
		Thomson Reuters Corp.
	2,500	1.30%, 02/23/2017		2,499
		Verizon Communications, Inc.
	2,350	1.35%, 06/09/2017		2,346
	2,355	3.65%, 09/14/2018		2,490
		Videotron Ltd.
	123	9.13%, 04/15/2018		127
				20,777
		Machinery Manufacturing - 0.3%
		Hutchison Whampoa International Ltd.
	2,500	1.63%, 10/31/2017 ■		2,496
		Mining - 1.3%
		Freeport-McMoRan Copper & Gold, Inc.
	1,015	2.38%, 03/15/2018		1,021
		Glencore Funding LLC
	3,000	1.40%, 05/27/2016 ■Δ		3,017
	891	3.13%, 04/29/2019 ■		899
		Rio Tinto Finance USA Ltd.
	2,050	2.00%, 03/22/2017		2,079
		Teck Resources Ltd.
	1,500	2.50%, 02/01/2018		1,496

The accompanying notes are an integral part of these financial statements.

9

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Corporate Bonds - 54.9% - (continued)
		Mining - 1.3% - (continued)
		Vale Overseas Ltd.
$	1,720	6.25%, 01/23/2017	$	1,884
				10,396
		Miscellaneous Manufacturing - 0.2%
		Textron, Inc.
	1,500	4.63%, 09/21/2016		1,595
		Motor Vehicle and Parts Manufacturing - 2.1%
		Chrysler Group LLC
	2,690	8.00%, 06/15/2019		2,882
		Daimler Finance NA LLC
	2,000	1.88%, 01/11/2018 ■		2,007
	2,500	2.25%, 09/03/2019 ■		2,495
		General Motors Financial Co., Inc.
	3,500	2.63%, 07/10/2017		3,549
		General Motors, Inc.
	2,500	3.50%, 10/02/2018		2,575
		Johnson Controls, Inc.
	1,200	1.40%, 11/02/2017		1,194
		TRW Automotive, Inc.
	1,980	7.25%, 03/15/2017 ■		2,178
				16,880
		Petroleum and Coal Products Manufacturing - 1.2%
		Enbridge, Inc.
	2,250	0.68%, 06/02/2017 Δ		2,251
		Hess Corp.
	1,150	1.30%, 06/15/2017		1,143
		Petrobras Global Finance Co.
	1,250	2.00%, 05/20/2016		1,246
		Petrobras International Finance Co.
	1,100	3.88%, 01/27/2016		1,122
	1,000	6.13%, 10/06/2016		1,070
		Schlumberger Norge AS
	925	1.25%, 08/01/2017 ■		924
		Total Capital Canada Ltd.
	685	1.45%, 01/15/2018		682
		Total Capital International S.A.
	1,155	1.55%, 06/28/2017		1,163
		Transocean, Inc.
	565	2.50%, 10/15/2017		558
				10,159
		Pipeline Transportation - 0.3%
		Enterprise Products Operating LLC
	235	1.25%, 08/13/2015		236
	1,195	2.55%, 10/15/2019		1,195
		Kinder Morgan Energy Partners L.P.
	790	3.50%, 03/01/2016		814
				2,245
		Plastics and Rubber Products Manufacturing - 0.5%
		Continental Rubber of America Corp.
	4,000	4.50%, 09/15/2019 ■		4,184
		Primary Metal Manufacturing - 0.0%
		ArcelorMittal
	280	4.25%, 03/01/2016		286
		Real Estate, Rental and Leasing - 2.3%
		Air Lease Corp.
	2,705	2.13%, 01/15/2018		2,675
		Enterprise Rent-a-Car Finance Corp.
	1,050	1.40%, 04/15/2016 ■		1,057
		ERAC USA Finance Co.
	1,870	2.35%, 10/15/2019 ■		1,857
		ERP Operating L.P.
	2,580	2.38%, 07/01/2019		2,580
		GATX Corp.
	1,145	1.25%, 03/04/2017		1,140
		International Lease Finance Corp.
	1,750	6.75%, 09/01/2016 ■		1,855
		Kennedy-Wilson, Inc.
	2,000	8.75%, 04/01/2019		2,125
		Ryder System, Inc.
	1,075	2.45%, 09/03/2019		1,076
		United Rentals North America, Inc.
	2,095	5.75%, 07/15/2018		2,194
		WEA Finance, LLC / Westfiled UK & Europe Finance plc
	2,480	2.70%, 09/17/2019 ■		2,496
				19,055
		Retail Trade - 1.0%
		Amazon.com, Inc.
	1,385	1.20%, 11/29/2017		1,373
		Building Materials Corp.
	1,500	6.88%, 08/15/2018 ■		1,558
		Eaton Corp.
	2,000	1.50%, 11/02/2017		1,996
		Kroger (The) Co.
	1,750	0.76%, 10/17/2016 Δ		1,753
	1,250	7.00%, 05/01/2018		1,442
				8,122
		Toy Manufacturing - 0.2%
		Mattel, Inc.
	2,000	2.35%, 05/06/2019		1,987
		Truck Transportation - 0.4%
		Penske Truck Leasing Co.
	3,050	2.50%, 03/15/2016 - 06/15/2019 ■		3,061
	45	2.88%, 07/17/2018 ■		46
				3,107
		Utilities - 1.0%
		Ameren Illinois Co.
	1,000	9.75%, 11/15/2018		1,294
		American Electric Power Co., Inc.
	500	1.65%, 12/15/2017		501
		Commonwealth Edison Co.
	2,400	6.95%, 07/15/2018		2,792
		Dominion Resources, Inc.
	2,500	1.05%, 11/01/2016		2,500
		Duke Energy Corp.
	790	1.63%, 08/15/2017		795
				7,882
		Water Transportation - 0.4%
		A.P. Moeller-Maersk A/S
	3,450	2.55%, 09/22/2019 ■		3,479
		Wholesale Trade - 0.4%
		Arrow Electronics, Inc.
	630	3.00%, 03/01/2018		650

The accompanying notes are an integral part of these financial statements.

10

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Corporate Bonds - 54.9% - (continued)
		Wholesale Trade - 0.4% - (continued)
		SABMiller Holdings, Inc.
$	2,500	0.93%, 08/01/2018 ■Δ	$	2,519
				3,169
		Total Corporate Bonds
		(Cost $446,612)	$	449,944
Municipal Bonds - 0.5%
		General Obligations - 0.3%
		Illinois State GO
$	2,200	4.96%, 03/01/2016	$	2,306
	265	5.88%, 03/01/2019		294
				2,600
		Miscellaneous - 0.0%
		New Jersey State Econ DA Lease Rev
	365	2.44%, 02/15/2018 ○		337
		Waste Disposal - 0.2%
		Gloucester County, NJ, Import Auth
	1,300	2.50%, 12/01/2029 Δ		1,348
		Total Municipal Bonds
		(Cost $4,221)	$	4,285
Senior Floating Rate Interests ♦ - 19.3%
		Accommodation and Food Services - 0.2%
		Four Seasons Holdings, Inc.
$	292	3.50%, 06/29/2020	$	289
		Hilton Worldwide Holdings, Inc.
	1,680	3.50%, 10/26/2020		1,662
				1,951
		Administrative, Support, Waste Management and Remediation Services - 0.6%
		Acosta Holdco, Inc.
	1,715	5.00%, 09/26/2021		1,715
		ADS Waste Holdings, Inc.
	550	3.75%, 10/09/2019		538
		AECOM Technology Corp.
	710	3.75%, 10/15/2021		709
		Filtration Group, Inc.
	298	4.50%, 11/20/2020		297
		TransUnion LLC
	1,419	4.00%, 04/09/2021		1,401
				4,660
		Agriculture, Forestry, Fishing and Hunting - 0.1%
		U.S. Ecology, Inc.
	843	3.75%, 06/17/2021		838
		Air Transportation - 0.6%
		American Airlines, Inc.
	1,000	4.25%, 10/10/2021		995
		AMR Corp.
	1,602	3.75%, 06/27/2019		1,579
		AWAS Finance Luxembourg S.A.
	262	3.50%, 06/10/2016		260
		Delta Air Lines, Inc.
	285	3.25%, 10/18/2018		278
		Delta Air Lines, Inc., Term Loan
	1,514	3.25%, 04/20/2017		1,502
				4,614
		Apparel Manufacturing - 0.2%
		PVH Corp.
	1,410	3.25%, 02/13/2020		1,410
		Arts, Entertainment and Recreation - 1.8%
		Aristocrat Leisure Ltd.
	1,360	4.75%, 10/20/2021		1,349
		Cedar Fair L.P.
	511	3.25%, 03/06/2020		508
		Formula One Holdings
	2,981	4.75%, 07/30/2021		2,956
		MGM Resorts International
	1,906	3.50%, 12/20/2019		1,882
		Numericable
	820	4.50%, 05/21/2020		821
		Penn National Gaming, Inc.
	1,082	3.25%, 10/30/2020		1,063
		Scientific Games International, Inc.
	1,035	6.00%, 10/01/2021		1,013
		Seminole (The) Tribe of Florida, Inc.
	488	3.00%, 04/29/2020		486
		Station Casinos LLC
	897	4.25%, 03/02/2020		886
		Tribune Co.
	1,955	4.00%, 12/27/2020		1,937
		Univision Communications, Inc.
	2,271	4.00%, 03/01/2020		2,246
				15,147
		Beverage and Tobacco Product Manufacturing - 0.1%
		DE Master Blenders 1753 N.V.
	800	3.50%, 07/23/2021		792
		Chemical Manufacturing - 0.6%
		Cytec Industries, Inc.
	37	4.50%, 10/03/2019		37
		Exopack LLC
	447	5.25%, 05/08/2019		448
		Huntsman International LLC
	2,015	3.75%, 08/12/2021		1,987
		Ineos US Finance LLC
	1,225	3.75%, 05/04/2018		1,209
		Minerals Technologies, Inc.
	699	4.00%, 05/07/2021		696
		Monarch, Inc.
	72	4.50%, 10/03/2019		71
		Solenis International L.P.
	575	4.25%, 07/31/2021		566
				5,014
		Computer and Electronic Product Manufacturing - 0.9%
		Avago Technologies Ltd.
	1,342	3.75%, 05/06/2021		1,337
		Bally Technologies, Inc.
	369	4.25%, 11/25/2020		367
		CDW LLC
	1,041	3.25%, 04/29/2020		1,017
		Freescale Semiconductor, Inc.
	1,843	4.25%, 02/28/2020		1,816
	376	5.00%, 01/15/2021		375
		Sensata Technologies B.V.
	2,000	3.50%, 10/14/2021 ☼		1,992

The accompanying notes are an integral part of these financial statements.

11

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Senior Floating Rate Interests ♦ - 19.3% - (continued)
		Computer and Electronic Product Manufacturing - 0.9% - (continued)
		Vantiv LLC
$	953	3.75%, 06/13/2021	$	945
				7,849
		Educational Services - 0.1%
		Bright Horizons Family Solutions, Inc.
	506	3.75%, 01/30/2020		499
		Finance and Insurance - 1.1%
		Asurion LLC
	2,038	5.00%, 05/24/2019		2,039
		Chrysler Group LLC
	622	3.25%, 12/31/2018		615
	2,174	3.50%, 05/24/2017		2,161
		EFS Cogen Holdings I LLC
	316	3.75%, 12/17/2020		313
		Hub International Ltd.
	1,762	4.25%, 10/02/2020		1,738
		RPI Finance Trust
	1,533	3.25%, 11/09/2018		1,524
		Santander Asset Management S.A.
	1,062	4.25%, 12/17/2020		1,057
				9,447
		Food Manufacturing - 0.7%
		Burger King Co.
	960	4.50%, 10/27/2021		959
		Darling International, Inc.
	965	3.25%, 01/06/2021		962
		H.J. Heinz Co.
	1,363	3.50%, 06/05/2020		1,354
		JBS USA LLC
	1,470	3.75%, 09/18/2020		1,444
		U.S. Foodservice, Inc.
	805	4.50%, 03/31/2019		802
				5,521
		Food Services - 0.1%
		ARAMARK Corp.
	62	3.66%, 07/26/2016		61
		Pinnacle Foods Group LLC
	1,188	3.25%, 04/29/2020		1,165
				1,226
		Furniture and Related Product Manufacturing - 0.1%
		AOT Bedding Super Holdings LLC
	1,144	4.25%, 10/01/2019		1,132
		Health Care and Social Assistance - 2.0%
		Alere, Inc.
	1,702	4.25%, 06/30/2017		1,696
		Alkermes, Inc.
	2,947	3.50%, 09/25/2019		2,899
		American Renal Holdings, Inc.
	1,236	4.50%, 08/20/2019		1,212
		AmSurg Corp.
	1,087	3.75%, 07/16/2021		1,079
		Community Health Systems, Inc.
	471	4.25%, 01/27/2021		472
		DaVita HealthCare Partners, Inc.
	1,506	3.50%, 06/24/2021		1,493
		Grifols Worldwide Operations USA, Inc.
	995	3.15%, 02/27/2021		982
		HCA, Inc.
	996	2.90%, 03/31/2017		991
	291	2.98%, 05/01/2018		290
		Immucor, Inc.
	1,598	5.00%, 08/19/2018		1,594
		IMS Health, Inc.
	1,664	3.50%, 03/17/2021		1,642
		Ortho-Clinical Diagnostics, Inc.
	868	4.75%, 06/30/2021		858
		Salix Pharmaceuticals Ltd.
	780	4.25%, 01/02/2020		779
		Surgery Center Holdings, Inc.
	400	5.25%, 07/24/2020 ☼		399
				16,386
		Health Care Providers and Services - 0.1%
		Multiplan, Inc.
	572	4.00%, 03/31/2021		563
		Information - 3.0%
		Activision Blizzard, Inc.
	1,695	3.25%, 10/12/2020		1,694
		Cabovisao-Televisao Por Cabo S.A.
	1,012	5.50%, 07/02/2019		1,017
		Charter Communications Operating LLC
	1,408	3.00%, 07/01/2020 - 01/03/2021		1,382
	1,220	4.25%, 09/10/2021		1,228
		Crown Castle International Corp.
	596	3.00%, 01/31/2021		590
		CSC Holdings, Inc.
	126	2.65%, 04/17/2020		123
		Emdeon, Inc.
	1,573	3.75%, 11/02/2018		1,557
		First Data Corp.
	515	3.65%, 09/24/2018		510
		Gray Television, Inc.
	514	3.75%, 06/13/2021		507
		Intelsat Jackson Holdings S.A.
	2,128	3.75%, 06/30/2019		2,110
		Kronos, Inc.
	1,030	4.50%, 10/30/2019		1,025
		La Quinta Intermediate Holdings
	910	4.00%, 04/14/2021		903
		Lawson Software, Inc.
	791	3.75%, 06/03/2020		780
		Level 3 Communications, Inc.
	1,739	4.00%, 08/01/2019 - 01/15/2020		1,729
		Level 3 Financing, Inc.
	1,255	4.50%, 01/31/2022 ☼		1,260
		MISYS plc
	1,720	5.00%, 12/12/2018		1,720
		Syniverse Holdings, Inc.
	2,051	4.00%, 04/23/2019		2,015
		Telesat Canada
	1,604	3.50%, 03/28/2019		1,586
		Virgin Media Finance plc
	2,025	3.50%, 06/07/2020		1,995
		Ziggo B.V.
	520	2.75%, 01/15/2022 ☼Б		506
	305	3.25%, 01/15/2022		297
				24,534

The accompanying notes are an integral part of these financial statements.

12

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Senior Floating Rate Interests ♦ - 19.3% - (continued)
		Media - 0.2%
		Media General, Inc.
$	1,315	4.25%, 07/31/2020	$	1,304
		Mining - 0.6%
		BWAY Holding Co.
	1,372	5.50%, 08/14/2020		1,377
		Fortescue Metals Group Ltd.
	3,445	3.75%, 06/30/2019		3,357
				4,734
		Miscellaneous Manufacturing - 0.5%
		DigitalGlobe, Inc.
	1,024	3.75%, 01/31/2020		1,018
		Hamilton Sundstrand Corp.
	950	4.00%, 12/13/2019		933
		Reynolds Group Holdings, Inc.
	899	4.00%, 11/30/2018		893
		TransDigm Group, Inc.
	1,321	3.75%, 02/28/2020 - 06/04/2021		1,298
				4,142
		Other Services - 0.6%
		Gardner Denver, Inc.
	1,980	4.25%, 07/30/2020		1,951
		Husky Injection Molding Systems Ltd.
	254	4.25%, 06/30/2021		249
		Rexnord LLC
	2,635	4.00%, 08/21/2020		2,596
				4,796
		Petroleum and Coal Products Manufacturing - 1.1%
		American Energy-Marcellus LLC
	820	5.25%, 08/04/2020		797
		Crosby Worldwide Ltd.
	2,015	4.00%, 11/23/2020		1,928
		Everest Acquisition LLC
	490	3.50%, 05/24/2018		477
		Fieldwood Energy LLC
	663	3.88%, 09/28/2018		648
		MEG Energy Corp.
	1,719	3.75%, 03/31/2020		1,688
		Pacific Drilling S.A.
	281	4.50%, 06/03/2018		269
		Paragon Offshore Finance Co.
	1,245	3.75%, 07/16/2021		1,165
		Seadrill Ltd.
	1,224	4.00%, 02/21/2021		1,155
		Seventy Seven Energy, Inc.
	574	3.75%, 06/25/2021		559
				8,686
		Plastics and Rubber Products Manufacturing - 0.6%
		Berry Plastics Group, Inc.
	3,103	3.50%, 02/08/2020		3,035
		Entegris, Inc.
	986	3.50%, 04/30/2021		981
		Goodyear (The) Tire & Rubber Co.
	1,000	4.75%, 04/30/2019		1,002
				5,018
		Primary Metal Manufacturing - 0.3%
		Novelis, Inc.
	2,841	3.75%, 03/10/2017		2,809
		Professional, Scientific and Technical Services - 0.1%
		Advantage Sales & Marketing, Inc.
	1,305	4.25%, 07/23/2021		1,293
		Real Estate, Rental and Leasing - 0.2%
		Fly Leasing Ltd.
	544	4.50%, 08/09/2019		543
		International Lease Finance Corp.
	685	3.50%, 03/06/2021		681
		Realogy Group LLC
	167	3.75%, 03/05/2020		166
				1,390
		Retail Trade - 1.6%
		99 Cents Only Stores
	431	4.50%, 01/11/2019		427
		Albertson's LLC
	2,015	4.50%, 08/25/2021		2,015
		American Builders & Contractors Supply Co., Inc.
	233	3.50%, 04/16/2020		227
		Armstrong World Industries, Inc.
	1,428	3.50%, 03/15/2020		1,413
		BJ's Wholesale Club, Inc.
	1,985	4.50%, 09/26/2019		1,963
		Metaldyne Performance Group, Inc.
	985	4.50%, 10/20/2021 ☼		985
		Michaels Stores, Inc.
	433	3.75%, 01/28/2020		425
	795	4.00%, 01/28/2020		785
		Neiman Marcus (The) Group, Inc.
	2,193	4.25%, 10/25/2020		2,163
		Quikrete (The) Companies, Inc.
	1,009	4.00%, 09/28/2020		998
		Rite Aid Corp.
	1,083	3.50%, 02/21/2020		1,070
		Southwire Co.
	806	3.25%, 02/10/2021		783
				13,254
		Truck Transportation - 0.1%
		Swift Transportation Co., Inc.
	572	3.75%, 06/09/2021		566
		Utilities - 0.9%
		Calpine Corp.
	1,201	4.00%, 10/09/2019		1,189
		Energy Transfer Equity L.P.
	2,007	3.25%, 12/02/2019		1,965
		NRG Energy, Inc.
	2,349	2.75%, 07/01/2018		2,306
		Sandy Creek Energy Associates L.P.
	1,436	5.00%, 11/09/2020		1,428
		Star West Generation LLC
	415	4.25%, 03/13/2020		410
				7,298
		Wholesale Trade - 0.2%
		Gates Global LLC
	1,520	4.25%, 07/05/2021		1,501
		Total Senior Floating Rate Interests
		(Cost $159,531)	$	158,374

The accompanying notes are an integral part of these financial statements.

13

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
U.S. Government Agencies - 5.1%
		FHLMC - 1.2%
$	5,750	0.88%, 10/14/2016	$	5,786
	12,498	1.82%, 07/25/2021 ►		1,136
	14,030	2.15%, 08/25/2018 ►		904
	2,292	3.50%, 04/01/2027		2,428
				10,254
		FNMA - 3.7%
	14,000	3.00%, 11/15/2029 ☼,Ð		14,519
	14,665	3.50%, 12/01/2026 - 11/15/2029 ☼,Ð		15,511
				30,030
		GNMA - 0.2%
	636	5.00%, 08/20/2039		687
	501	6.50%, 05/16/2031		562
				1,249
		Total U.S. Government Agencies
		(Cost $40,942)	$	41,533
		Total Long-Term Investments
		(Cost $827,964)	$	828,409
Short-Term Investments - 0.8%
Repurchase Agreements - 0.8%
		Bank of America Merrill Lynch TriParty   Repurchase Agreement (maturing on   11/03/2014 in the amount of $19,   collateralized by U.S. Treasury Note 1.50%,   2019, value of $19)
$	19	0.08%, 10/31/2014	$	19
		Bank of America Merrill Lynch TriParty   Repurchase Agreement (maturing on   11/03/2014 in the amount of $314,   collateralized by GNMA 1.63% - 7.00%, 2031   - 2054, value of $320)
	314	0.09%, 10/31/2014		314
		Bank of Montreal TriParty Repurchase   Agreement (maturing on 11/03/2014 in the   amount of $84, collateralized by U.S. Treasury   Bond 2.88% - 5.25%, 2029 - 2043, U.S.   Treasury Note 0.38% - 4.50%, 2015 - 2022,   value of $86)
	84	0.08%, 10/31/2014		84
		Bank of Montreal TriParty Repurchase   Agreement (maturing on 11/03/2014 in the   amount of $286, collateralized by FHLMC   2.00% - 5.50%, 2022 - 2034, FNMA 2.00% -   4.50%, 2024 - 2039, GNMA 3.00%, 2043,   U.S. Treasury Note 4.63%, 2017, value of   $292)
	286	0.10%, 10/31/2014		286
		Barclays Capital TriParty Repurchase Agreement   (maturing on 11/03/2014 in the amount of   $1,078, collateralized by U.S. Treasury Bond   4.50% - 6.25%, 2023 - 2036, U.S. Treasury   Note 1.63% - 2.13%, 2015 - 2019, value of   $1,099)
	1,078	0.08%, 10/31/2014		1,078

	Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,239, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $1,264)
1,239	0.09%, 10/31/2014				1,239
	Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $72, collateralized by U.S. Treasury Note 0.88%, 2017, value of $73)
72	0.13%, 10/31/2014				72
	RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $105, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $107)
105	0.07%, 10/31/2014				105
	Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,109, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $1,131)
1,109	0.08%, 10/31/2014				1,109
	TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,149, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $2,192)
2,149	0.10%, 10/31/2014				2,149
					6,455
	Total Short-Term Investments
	(Cost $6,455)			$	6,455
	Total Investments
	(Cost $834,419) ▲	101.9	%	$	834,864
	Other Assets and Liabilities	(1.9	)%		(15,479	)
	Total Net Assets	100.0	%	$	819,385

The accompanying notes are an integral part of these financial statements.

14

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $834,419 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	5,425
Unrealized Depreciation		(4,980	)
Net Unrealized Appreciation	$	445

†	These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value and percentage of net assets of these securities rounds to zero.
●	Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.
Δ	Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.
○	The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.
►	Securities disclosed are interest-only strips.
♦	Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown.  Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.
Б	This security, or a portion of this security, has unfunded loan commitments. As of October 31, 2014, the aggregate value of the unfunded commitment was $339, which rounds to zero percent of total net assets.
■	Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $179,487, which represents 21.9% of total net assets.
☼	This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $27,284 at October 31, 2014.
‡	This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.
Ð	Represents or includes a TBA transaction.

Cash pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received
Futures contracts	$	873	$	–
Total	$	873	$	–

The accompanying notes are an integral part of these financial statements.

15

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts Outstanding at October 31, 2014
	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
U.S. Treasury 2-Year Note Future		574	12/31/2014	$	125,647	$	126,029	$	382	$	–		$	–	$	(36	)
Short position contracts:
U.S. Treasury 10-Year Note Future		82	12/19/2014	$	10,297	$	10,362	$	–	$	(65	)	$	22	$	–
U.S. Treasury 5-Year Note Future		978	12/31/2014		116,083		116,802		–		(719	)		160		–
U.S. Treasury Long Bond Future		14	12/19/2014		1,947		1,975		–		(28	)		7		–
Total								$	–	$	(812	)	$	189	$	–
Total futures contracts								$	382	$	(812	)	$	189	$	(36	)

* The number of contracts does not omit 000's.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Municipal Bond Abbreviations:
DA	Development Authority
GO	General Obligation
Rev	Revenue
Other Abbreviations:
CLO	Collateralized Loan Obligation
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
LIBOR	London Interbank Offered Rate
REIT	Real Estate Investment Trust
TBA	To Be Announced

The accompanying notes are an integral part of these financial statements.

16

The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	174,273	$	–	$	159,557	$	14,716
Corporate Bonds		449,944		–		449,944		–
Municipal Bonds		4,285		–		4,285		–
Senior Floating Rate Interests		158,374		–		158,374		–
U.S. Government Agencies		41,533		–		41,533		–
Short-Term Investments		6,455		–		6,455		–
Total	$	834,864	$	–	$	820,148	$	14,716
Futures *	$	382	$	382	$	–	$	–
Total	$	382	$	382	$	–	$	–
Liabilities:
Futures *	$	812	$	812	$	–	$	–
Total	$	812	$	812	$	–	$	–

♦ For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization			Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	18,258	$	4	$	(234	)†	$	(43	)	$	8,453	$	(4,595	)	$	—	$	(7,127	)	$	14,716
Corporate Bonds		1,025		—		—			—			—		—			—		(1,025	)		—
Total	$	19,283	$	4	$	(234	)	$	(43	)	$	8,453	$	(4,595	)	$	—	$	(8,152	)	$	14,716

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(148).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

17

The Hartford Short Duration Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $834,419)	$	834,864
Cash		873	*
Receivables:
Investment securities sold		2,081
Fund shares sold		9,289
Interest		3,803
Variation margin on financial derivative instruments		189
Other assets		150
Total assets		851,249
Liabilities:
Bank overdraft		804
Payables:
Investment securities purchased		27,284
Fund shares redeemed		3,263
Investment management fees		68
Dividends		235
Administrative fees		—
Distribution fees		50
Variation margin on financial derivative instruments		36
Accrued expenses		124
Total liabilities		31,864
Net assets	$	819,385
Summary of Net Assets:
Capital stock and paid-in-capital	$	816,739
Undistributed net investment income		186
Accumulated net realized gain		2,445
Unrealized appreciation of investments		15
Net assets	$	819,385
Shares authorized		650,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.91/$10.11
Shares outstanding		47,370
Net assets	$	469,415
Class B: Net asset value per share	$	9.96
Shares outstanding		654
Net assets	$	6,510
Class C: Net asset value per share	$	9.91
Shares outstanding		12,936
Net assets	$	128,158
Class I: Net asset value per share	$	9.93
Shares outstanding		20,970
Net assets	$	208,183
Class R3: Net asset value per share	$	9.88
Shares outstanding		89
Net assets	$	879
Class R4: Net asset value per share	$	9.89
Shares outstanding		101
Net assets	$	997
Class R5: Net asset value per share	$	9.89
Shares outstanding		11
Net assets	$	109
Class Y: Net asset value per share	$	9.88
Shares outstanding		519
Net assets	$	5,134

* Cash of $873 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

18

The Hartford Short Duration Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Interest	$	17,385
Total investment income		17,385
Expenses:
Investment management fees		3,205
Administrative services fees
Class R3		1
Class R4		1
Class R5		—
Transfer agent fees
Class A		756
Class B		21
Class C		131
Class I		73
Class R3		—
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		1,142
Class B		20
Class C		1,281
Class R3		4
Class R4		2
Custodian fees		11
Accounting services fees		148
Registration and filing fees		182
Board of Directors' fees		20
Audit fees		16
Other expenses		102
Total expenses (before waivers and fees paid indirectly)		7,116
Expense waivers		(307	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(307	)
Total expenses, net		6,809
Net Investment Income		10,576
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		3,450
Net realized loss on futures contracts		(1,703	)
Net realized gain on foreign currency contracts		1
Net realized loss on other foreign currency transactions		(1	)
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		1,747
Net Changes in Unrealized Depreciation of Investments and Other Financial Instruments:
Net unrealized depreciation of investments		(5,004	)
Net unrealized appreciation of futures contracts		396
Net Changes in Unrealized Depreciation of Investments and Other Financial Instruments		(4,608	)
Net Loss on Investments, Other Financial Instruments and Foreign Currency Transactions		(2,861	)
Net Increase in Net Assets Resulting from Operations	$	7,715

The accompanying notes are an integral part of these financial statements.

19

The Hartford Short Duration Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	10,576		$	8,973
Net realized gain on investments, other financial instruments and foreign currency transactions		1,747			3,938
Net unrealized depreciation of investments and other financial instruments		(4,608	)		(6,075	)
Net Increase in Net Assets Resulting from Operations		7,715			6,836
Distributions to Shareholders:
From net investment income
Class A		(6,942	)		(5,207	)
Class B		(123	)		(127	)
Class C		(994	)		(1,310	)
Class I		(2,477	)		(2,333	)
Class R3		(9	)		(4	)
Class R4		(15	)		(15	)
Class R5		(2	)		(2	)
Class Y		(94	)		(118	)
Total from net investment income		(10,656	)		(9,116	)
From net realized gain on investments
Class A		(1,823	)		(517	)
Class B		(37	)		(15	)
Class C		(534	)		(252	)
Class I		(433	)		(228	)
Class R3		(3	)		(1	)
Class R4		(4	)		(1	)
Class R5		—			—
Class Y		(12	)		(9	)
Total from net realized gain on investments		(2,846	)		(1,023	)
Total distributions		(13,502	)		(10,139	)
Capital Share Transactions:
Class A		21,445			172,859
Class B		(3,023	)		1,665
Class C		(4,514	)		(1,942	)
Class I		103,717			(10,845	)
Class R3		358			270
Class R4		76			153
Class R5		(2	)		7
Class Y		2,165			(1,903	)
Net increase from capital share transactions		120,222			160,264
Net Increase in Net Assets		114,435			156,961
Net Assets:
Beginning of period		704,950			547,989
End of period	$	819,385		$	704,950
Undistributed (distributions in excess of) net investment income	$	186		$	117

The accompanying notes are an integral part of these financial statements.

20

The Hartford Short Duration Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Short Duration Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 2.00%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

21

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of OTC options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but

22

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into. 

Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable.

23

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared daily and paid monthly. Dividends from realized gains, if any, are paid at least once a year.  

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the

24

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund, as shown on the Schedule of Investments, had open TBA commitments as of October 31, 2014, which may be a part of dollar roll transactions.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a

25

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund had no outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts

26

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:
	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Variation margin receivable *	$	189	$	—	$	—	$	—	$	—	$	—	$	189
Total	$	189	$	—	$	—	$	—	$	—	$	—	$	189
Liabilities:
Variation margin payable *	$	36	$	—	$	—	$	—	$	—	$	—	$	36
Total	$	36	$	—	$	—	$	—	$	—	$	—	$	36

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative depreciation of $(430) as reported in the Schedule of Investments.

The ratio of futures market value to net assets at October 31, 2014 was 23.77%, compared to the twelve-month average ratio of 14.54% during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:
	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on futures contracts	$	(1,703	)	$	—	$	—	$	—	$	—	$	—	$	(1,703	)
Net realized gain on foreign currency contracts		—			1		—		—		—		—		1
Total	$	(1,703	)	$	1	$	—	$	—	$	—	$	—	$	(1,702	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation of futures contracts	$	396		$	—	$	—	$	—	$	—	$	—	$	396
Total	$	396		$	—	$	—	$	—	$	—	$	—	$	396

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

27

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received		Cash Collateral Received		Net Amount (not less than $0)
Description
Futures contracts - variation margin receivable	$	189	$	(36	)	$	—	$	—	$	153
Total subject to a master netting or similar arrangement	$	189	$	(36	)	$	—	$	—	$	153

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
Futures contracts - variation margin payable	$	36	$	(36	)	$	—	$	(873	)	$	—
Total subject to a master netting or similar arrangement	$	36	$	(36	)	$	—	$	(873	)	$	—

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension and foreign currency risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities

28

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	10,686	$	9,147
Long-Term Capital Gains ‡		2,643		1,023

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	1,113
Undistributed Long-Term Capital Gain		1,331
Unrealized Appreciation*		445
Total Accumulated Earnings	$	2,889

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net

29

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	149
Accumulated Net Realized Gain (Loss)		(149	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.450%
On next $500 million	0.400%
On next $1.5 billion	0.395%
On next $2.5 billion	0.390%
On next $5 billion	0.380%
Over $10 billion	0.370%

30

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.020%
On next $5 billion	0.015%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B*	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.85%	1.60%	1.60%	0.60%	1.15%	0.85%	0.55%	0.55%

* The reduction in amounts charged in connection with Class B Distribution and Service Plan (12b-1) fees that took effect July 1, 2011, in order to comply with applicable FINRA rules, caused the limit on net operating expenses attributable to Class B shares to be, effectively, 0.85%.

Fees Paid Indirectly – The Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		0.85	%
Class B		0.85
Class C		1.60
Class I		0.55
Class R3		1.15
Class R4		0.85
Class R5		0.55
Class Y		0.50

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $523 and contingent deferred sales charges of $82 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for

31

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Effective January 1, 2011, there was a reduction in the amount charged in connection with the Class B shares’ Rule 12b-1 fee from 1.00% to 0.25% in accordance with applicable FINRA rules, although it is possible that such fees may be charged in the future. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R5		100	%*		—	%†

*	Percentage rounds to 100%.
†	Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S.  Government  Obligations		Total
Cost of Purchases	$	780,628	$	—	$	780,628
Sales Proceeds		662,929		—		662,929

32

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase  (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase  (Decrease) of  Shares
Class A
Shares		22,353		822		(21,019	)		2,156			33,854		536		(17,025	)		17,365
Amount	$	222,484	$	8,166	$	(209,205	)	$	21,445		$	337,611	$	5,356	$	(170,108	)	$	172,859
Class B
Shares		177		15		(495	)		(303	)		579		12		(426	)		165
Amount	$	1,773	$	152	$	(4,948	)	$	(3,023	)	$	5,773	$	127	$	(4,235	)	$	1,665
Class C
Shares		7,164		142		(7,758	)		(452	)		9,368		142		(9,704	)		(194	)
Amount	$	71,245	$	1,417	$	(77,176	)	$	(4,514	)	$	93,508	$	1,419	$	(96,869	)	$	(1,942	)
Class I
Shares		20,451		188		(10,249	)		10,390			12,262		208		(13,553	)		(1,083	)
Amount	$	204,004	$	1,864	$	(102,151	)	$	103,717		$	122,913	$	2,088	$	(135,846	)	$	(10,845	)
Class R3
Shares		49		1		(14	)		36			32		—		(5	)		27
Amount	$	484	$	10	$	(136	)	$	358		$	320	$	5	$	(55	)	$	270
Class R4
Shares		37		2		(31	)		8			64		1		(50	)		15
Amount	$	371	$	16	$	(311	)	$	76		$	642	$	14	$	(503	)	$	153
Class R5
Shares		—		—		—			—			—		—		—			—
Amount	$	—	$	2	$	(4	)	$	(2	)	$	5	$	2	$	—		$	7
Class Y
Shares		679		11		(472	)		218			558		13		(765	)		(194	)
Amount	$	6,748	$	106	$	(4,689	)	$	2,165		$	5,563	$	127	$	(7,593	)	$	(1,903	)
Total
Shares		50,910		1,181		(40,038	)		12,053			56,717		912		(41,528	)		16,101
Amount	$	507,109	$	11,733	$	(398,620	)	$	120,222		$	566,335	$	9,138	$	(415,209	)	$	160,264

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		86	$	852
For the Year Ended October 31, 2013		31	$	312

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

33

The Hartford Short Duration Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

34

The Hartford Short Duration Fund

Financial Highlights

	- Selected Per-Share Data - (A)																							- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses  to Average  Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	9.98	$	0.15	$	(0.03	)	$	0.12	$	(0.15	)	$	(0.04	)	$	(0.19	)	$	9.91		1.23	%	$	469,415		0.91	%		0.85	%		1.50	%
B		10.02		0.15		(0.02	)		0.13		(0.15	)		(0.04	)		(0.19	)		9.96		1.33			6,510		1.01			0.85			1.51
C		9.98		0.08		(0.03	)		0.05		(0.08	)		(0.04	)		(0.12	)		9.91		0.48			128,158		1.60			1.60			0.76
I		10.00		0.18		(0.03	)		0.15		(0.18	)		(0.04	)		(0.22	)		9.93		1.52			208,183		0.55			0.55			1.79
R3		9.96		0.12		(0.04	)		0.08		(0.12	)		(0.04	)		(0.16	)		9.88		0.84			879		1.23			1.15			1.20
R4		9.97		0.15		(0.04	)		0.11		(0.15	)		(0.04	)		(0.19	)		9.89		1.14			997		0.92			0.85			1.50
R5		9.96		0.18		(0.03	)		0.15		(0.18	)		(0.04	)		(0.22	)		9.89		1.54			109		0.61			0.55			1.80
Y		9.96		0.18		(0.03	)		0.15		(0.19	)		(0.04	)		(0.23	)		9.88		1.49			5,134		0.50			0.50			1.83
For the Year Ended October 31, 2013
A	$	10.05	$	0.17	$	(0.05	)	$	0.12	$	(0.17	)	$	(0.02	)	$	(0.19	)	$	9.98		1.20	%	$	451,357		0.88	%		0.85	%		1.66	%
B		10.05		0.17		(0.01	)		0.16		(0.17	)		(0.02	)		(0.19	)		10.02		1.60			9,589		0.99			0.85			1.67
C		10.05		0.09		(0.05	)		0.04		(0.09	)		(0.02	)		(0.11	)		9.98		0.44			133,623		1.60			1.60			0.93
I		10.07		0.20		(0.05	)		0.15		(0.20	)		(0.02	)		(0.22	)		10.00		1.48			105,812		0.57			0.57			1.96
R3		10.03		0.13		(0.04	)		0.09		(0.14	)		(0.02	)		(0.16	)		9.96		0.90			527		1.23			1.15			1.35
R4		10.04		0.17		(0.05	)		0.12		(0.17	)		(0.02	)		(0.19	)		9.97		1.20			928		0.92			0.85			1.69
R5		10.03		0.20		(0.05	)		0.15		(0.20	)		(0.02	)		(0.22	)		9.96		1.51			112		0.61			0.55			1.98
Y		10.03		0.20		(0.05	)		0.15		(0.20	)		(0.02	)		(0.22	)		9.96		1.55			3,002		0.51			0.51			2.03
For the Year Ended October 31, 2012
A	$	9.83	$	0.20	$	0.23		$	0.43	$	(0.21	)	$	–		$	(0.21	)	$	10.05		4.37	%	$	279,952		0.86	%		0.85	%		2.03	%
B		9.82		0.20		0.24			0.44		(0.21	)		–			(0.21	)		10.05		4.48			7,959		0.97			0.85			2.04
C		9.83		0.13		0.22			0.35		(0.13	)		–			(0.13	)		10.05		3.60			136,515		1.60			1.60			1.28
I		9.84		0.23		0.23			0.46		(0.23	)		–			(0.23	)		10.07		4.75			117,449		0.58			0.58			2.30
R3		9.81		0.17		0.23			0.40		(0.18	)		–			(0.18	)		10.03		4.07			258		1.23			1.15			1.72
R4		9.81		0.20		0.24			0.44		(0.21	)		–			(0.21	)		10.04		4.48			783		0.93			0.85			2.02
R5		9.81		0.23		0.23			0.46		(0.24	)		–			(0.24	)		10.03		4.69			106		0.62			0.55			2.33
Y		9.80		0.23		0.24			0.47		(0.24	)		–			(0.24	)		10.03		4.84			4,967		0.50			0.50			2.34
For the Year Ended October 31, 2011 (D)
A	$	9.87	$	0.21	$	(0.04	)	$	0.17	$	(0.21	)	$	–		$	(0.21	)	$	9.83		1.77	%	$	279,232		0.86	%		0.85	%		2.13	%
B		9.87		0.20		(0.05	)		0.15		(0.20	)		–			(0.20	)		9.82		1.54			9,558		1.09			0.98			2.01
C		9.87		0.14		(0.04	)		0.10		(0.14	)		–			(0.14	)		9.83		1.02			140,933		1.59			1.59			1.39
I		9.89		0.24		(0.05	)		0.19		(0.24	)		–			(0.24	)		9.84		1.97			88,321		0.56			0.56			2.41
R3(E)		9.73		0.01		0.08			0.09		(0.01	)		–			(0.01	)		9.81		0.96	(F)		101		1.27	(G)		1.15	(G)		1.70	(G)
R4(E)		9.73		0.02		0.08			0.10		(0.02	)		–			(0.02	)		9.81		0.98	(F)		101		0.97	(G)		0.85	(G)		1.99	(G)
R5(E)		9.73		0.02		0.08			0.10		(0.02	)		–			(0.02	)		9.81		1.01	(F)		101		0.67	(G)		0.55	(G)		2.28	(G)
Y		9.85		0.24		(0.04	)		0.20		(0.25	)		–			(0.25	)		9.80		2.02			230,175		0.51			0.51			2.48

See Portfolio Turnover information on the next page.

35

The Hartford Short Duration Fund

Financial Highlights  – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain  (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses  to Average  Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	9.62	$	0.25	$	0.26	$	0.51	$	(0.26	)	$	–	$	(0.26	)	$	9.87		5.33	%	$	208,313		0.87	%		0.87	%		2.55	%
B		9.62		0.18		0.25		0.43		(0.18	)		–		(0.18	)		9.87		4.51			10,799		1.73			1.65			1.80
C		9.62		0.18		0.26		0.44		(0.19	)		–		(0.19	)		9.87		4.56			105,060		1.60			1.60			1.79
I(H)		9.74		0.18		0.15		0.33		(0.18	)		–		(0.18	)		9.89		3.42	(F)		26,765		0.58	(G)		0.58	(G)		2.49	(G)
Y		9.60		0.29		0.25		0.54		(0.29	)		–		(0.29	)		9.85		5.71			139,394		0.52			0.52			2.90

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

(E) Commenced operations on September 30, 2011.

(F) Not annualized.

(G) Annualized.

(H) Commenced operations on February 26, 2010.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		50	%
For the Year Ended October 31, 2013		51
For the Year Ended October 31, 2012		61
For the Year Ended October 31, 2011		55
For the Year Ended October 31, 2010		66

36

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Short Duration Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Short Duration Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

37

The Hartford Short Duration Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

38

The Hartford Short Duration Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

39

The Hartford Short Duration Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

40

The Hartford Short Duration Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

41

The Hartford Short Duration Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid  during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days  in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,002.30	$	4.29	$	1,000.00	$	1,020.92	$	4.33		0.85	%		184		365
Class B	$	1,000.00	$	1,003.30	$	4.29	$	1,000.00	$	1,020.92	$	4.33		0.85			184		365
Class C	$	1,000.00	$	999.60	$	8.06	$	1,000.00	$	1,017.14	$	8.13		1.60			184		365
Class I	$	1,000.00	$	1,003.80	$	2.75	$	1,000.00	$	1,022.46	$	2.78		0.55			184		365
Class R3	$	1,000.00	$	1,000.90	$	5.80	$	1,000.00	$	1,019.41	$	5.85		1.15			184		365
Class R4	$	1,000.00	$	1,002.40	$	4.29	$	1,000.00	$	1,020.92	$	4.33		0.85			184		365
Class R5	$	1,000.00	$	1,004.90	$	2.78	$	1,000.00	$	1,022.43	$	2.80		0.55			184		365
Class Y	$	1,000.00	$	1,004.10	$	2.52	$	1,000.00	$	1,022.69	$	2.55		0.50			184		365

42

The Hartford Short Duration Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Short Duration Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

43

The Hartford Short Duration Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) - (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 5-year periods and the 1^st quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

44

The Hartford Short Duration Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) - (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 2^nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class as well as a permanent expense cap on certain share classes. These arrangements resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

45

The Hartford Short Duration Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) - (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

46

The Hartford Short Duration Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early). These risks also apply to the Fund’s investments in U.S. government securities, which may not be guaranteed by the U.S. government.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Loan Risk: The Fund’s investments in loans may at times become difficult to value and highly illiquid; they are subject to credit risk such as nonpayment of principal or interest, and risks of bankruptcy and insolvency.

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool. 

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

47

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services. 

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes. 

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-SD14 12/14 113997-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD   SMALL COMPANY FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Small Company Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	11
Statement of Operations for the Year Ended October 31, 2014	12
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	13
Notes to Financial Statements	14
Financial Highlights	26
Report of Independent Registered Public Accounting Firm	28
Directors and Officers (Unaudited)	29
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	31
Quarterly Portfolio Holdings Information (Unaudited)	31
Federal Tax Information (Unaudited)	32
Expense Example (Unaudited)	33
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	34
Main Risks (Unaudited)	38

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Small Company Fund inception 07/22/1996

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks growth of capital.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Small Company A#		13.49	%		17.97	%		10.02	%
Small Company A##		7.25	%		16.64	%		9.39	%
Small Company B#		12.61	%		17.06	%		9.42	%*
Small Company B##		7.71	%		16.85	%		9.42	%*
Small Company C#		12.70	%		17.13	%		9.21	%
Small Company C##		11.72	%		17.13	%		9.21	%
Small Company I#		13.78	%		18.27	%		10.25	%
Small Company R3#		13.27	%		17.76	%		9.94	%
Small Company R4#		13.62	%		18.12	%		10.22	%
Small Company R5#		13.95	%		18.46	%		10.47	%
Small Company Y#		14.08	%		18.59	%		10.57	%
Russell 2000 Growth Index		8.26	%		18.61	%		9.42	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of July 21, 2010, Hartford Investment Management Company no longer served as the sub-adviser to the Fund. 

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares which had different operating expenses.

Russell 2000 Growth Index is an unmanaged index of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2000 Index is a broad-based unmanaged index comprised of 2,000 of the smallest U.S.-domiciled company common stocks (on the basis of capitalization) that are traded in the United States on the New York Stock Exchange, NYSE MKT LLC and Nasdaq.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Small Company Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Small Company Class A		1.39	%		1.39	%
Small Company Class B		2.15	%		2.35	%
Small Company Class C		2.09	%		2.09	%
Small Company Class I		1.14	%		1.14	%
Small Company Class R3		1.55	%		1.56	%
Small Company Class R4		1.25	%		1.26	%
Small Company Class R5		0.95	%		0.99	%
Small Company Class Y		0.86	%		0.86	%

* As shown in the Fund's prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014. Net expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014 and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date. However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Steven C. Angeli, CFA	Stephen Mortimer	Mario E. Abularach, CFA
Senior Vice President and Equity Portfolio Manager	Senior Vice President and Equity Portfolio Manager	Senior Vice President and Equity Research Analyst
Mammen Chally, CFA	Jamie A. Rome, CFA
Vice President and Equity Portfolio Manager	Senior Vice President and Equity Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Small Company Fund returned 13.49%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the Russell 2000 Growth Index,which returned 8.26% for the same period. The Fund also outperformed the 5.67% average return of the Lipper Small Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities surged during the period, despite bouts of significant volatility. After finishing their best year since 1997, U.S. stocks began 2014 with their worst month in nearly two years. Worries about an economic slowdown in China and general angst surrounding emerging markets overshadowed a fairly benign domestic environment. However, robust merger and acquisition activity and an uncontested increase in the debt ceiling from Congress helped stoke investors' risk appetites in February. The rally continued in May amid renewed signs of life in the housing market and the best payroll gain in more than two years. However, a pullback in July ended a streak of five consecutive monthly gains. Fear gripped the market as heightened geopolitical risks, a potential Portuguese banking crisis, and worries of U.S. Federal Reserve (Fed) tightening took center stage. Stocks rebounded in August as investors were emboldened by encouraging economic data, headlined by better-than-expected gross domestic product (GDP) growth and signs that the housing recovery still had legs. In September, U.S. equities retreated for just the third month this year. Despite solid manufacturing and consumer confidence readings, the reality of quantitative easing ending, and the prospect of higher federal funds rates in mid-2015 contributed to increased risk aversion levels. Stocks finished a volatile October at an all-time high on the heels of a positive earnings season and generally solid economic data.

Small cap stocks (+8%) underperformed both mid cap stocks (+12%) and large cap stocks (+17%) during the period, as measured by the Russell 2000, S&P MidCap 400, and S&P 500 Indices respectively. Small cap Growth (+8%) stocks performed in line with Small cap Value (+8%) stocks during the period, as measured by the Russell 2000 Growth and Russell 2000 Value Indices, respectively. Seven out of ten sectors in the Russell 2000 Growth Index had positive returns during the period. The Healthcare (+22%), Consumer Staples (+14%), and Information Technology (+9%) sectors performed best, while Energy (-13%), Consumer Discretionary (-2%), and Utilities (0%) lagged the broader index.

During the period, security selection was the primary driver of the Fund’s benchmark-relative outperformance. Selection was favorable in all ten sectors and strongest in the Consumer Discretionary, Industrials, and Healthcare sectors. Sector allocation, which is the result of bottom-up stock selection, had a neutral impact on relative returns; an underweight to Energy contributed to relative results but was offset by an underweight to Healthcare, which had a negative impact on relative results.

3

The Hartford Small Company Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Top contributors to relative and absolute performance during the period included Mobileye NV (Information Technology), Athlon Energy (Energy), and WhiteWave Foods (Consumer Discretionary). Shares of Mobileye NV, a designer and developer of software and related technologies for camera-based advanced driver assistance systems, rose during the period following the IPO. Shares of Athlon Energy, a U.S.-based independent exploration and production company, rose during the period due to solid results and favorable investor response to drilling activity. Shares of WhiteWave Foods, a producer of branded plant-based foods and beverages throughout North America and Europe, climbed after the company announced strong quarterly results based on a 36% increase in net sales; as a result of strong, positive stock price movement, the Fund had exited the position by the end of the period.

Stocks that detracted most from relative returns during the period included Intermune (Healthcare), Puma Biotechnology (Healthcare), and Bloomin’ Brands (Consumer Discretionary). Shares of Intermune, a U.S.-based biotechnology company, rose during the period after the company was acquired by rival Roche. Not owning the strong-performing benchmark constituent detracted from results. Shares of Puma Biotechnology rose sharply during the period after the company announced positive top line results from its experimental drug that can block the return of breast cancer in women with a type of early-stage disease. The Fund’s relative underweight position in this strong performing name detracted from returns. Shares of casual dining company Bloomin’ Brands fell during the period after the company lowered earnings guidance. Rosetta Resources (Energy) and Academy CoInvest (Consumer Discretionary) also detracted from absolute returns during the period.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

We believe the global cycle continues to advance at a moderate pace with a mix of stronger growth in the U.S. and more sluggish activity in Europe, Japan, and China. We believe the U.S. economy is on track for a self-sustaining expansion. After three years of fiscal consolidation, it appears that this policy drag is starting to fade, which we believe should support growth. Meanwhile, investment spending appears to be picking up. We believe that wage trends and inflation have been quite muted in the U.S., yet below the surface it appears that U.S. firms are having a tougher time finding qualified labor, suggesting that wages may rise in 2015 with an improving labor market.

We view a balanced portfolio as a means to hedge against risk associated with unpredictable events and economic outcomes. As a residual of our bottom-up, stock-by-stock investment decisions, the Fund ended the period overweight in the Industrials and Information Technology sectors relative to the Russell 2000 Growth Index. The Fund ended the period most underweight Consumer Staples, Healthcare, and Materials.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		15.7	%
Consumer Staples		1.2
Energy		2.6
Financials		9.6
Health Care		20.0
Industrials		22.3
Information Technology		24.8
Materials		1.7
Services		0.2
Utilities		0.1
Total		98.2	%
Short-Term Investments		1.3
Other Assets and Liabilities		0.5
Total		100.0	%

A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford Small Company Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.3%
		Automobiles and Components - 1.5%
	27	Dana Holding Corp.	$	557
	155	Gentherm, Inc. ●		6,449
	8	Standard Motor Products, Inc.		308
	123	Tenneco Automotive, Inc. ●		6,451
	1	Tesla Motors, Inc. ●		136
				13,901
		Banks - 1.6%
	6	Bank of Marin Bancorp		285
	22	Blue Hills Bancorp, Inc. ●		291
	23	Clifton Bancorp, Inc.		297
	49	EverBank Financial Corp.		933
	28	First Merchants Corp.		624
	29	Flushing Financial Corp.		584
	12	Great Western Bancorp, Inc. ●		237
	17	Heritage Financial Corp.		306
	13	Home Loan Servicing Solutions Ltd.		248
	50	MGIC Investment Corp. ●		447
	218	PacWest Bancorp		9,305
	13	Trico Bancshares		337
	17	Wintrust Financial Corp.		810
	4	WSFS Financial Corp.		303
				15,007
		Capital Goods - 14.9%
	10	A.O. Smith Corp.		528
	22	AAON, Inc.		433
	91	Acuity Brands, Inc.		12,753
	344	AECOM Technology Corp. ●		11,185
	330	Altra Industrial Motion Corp.		10,387
	201	Applied Industrial Technologies, Inc.		9,788
	129	Astronics Corp. ●		6,679
	2	Astronics Corp. Class B		120
	13	AZZ, Inc.		587
	15	CAI International, Inc. ●		308
	2	Carlisle Cos., Inc.		176
	11	Chart Industries, Inc. ●		511
	2	Crane Co.		151
	327	DigitalGlobe, Inc. ●		9,345
	6	EMCOR Group, Inc.		268
	5	Esterline Technologies Corp. ●		528
	192	Generac Holdings, Inc. ●		8,724
	7	H & E Equipment Services, Inc.		261
	452	HD Supply Holdings, Inc. ●		13,050
	10	Heico Corp.		556
	13	Insteel Industries, Inc.		299
	8	Lennox International, Inc.		741
	16	Luxfer Holdings plc		249
	10	Lydall, Inc. ●		304
	52	Masonite International Corp. ●		2,832
	93	Moog, Inc. Class A ●		7,091
	340	Orbital Sciences Corp. ●		8,933
	7	Polypore International, Inc. ●		297
	8	Sun Hydraulics Corp.		306
	99	Teledyne Technologies, Inc. ●		10,307
	8	Textainer Group Holdings Ltd.		279
	23	Titan International, Inc.		242
	9	Toro Co.		581
	180	Watts Water Technologies, Inc.		10,913
	107	WESCO International, Inc. ●		8,810
				138,522
		Commercial and Professional Services - 3.2%
	121	Clean Harbors, Inc. ●		5,997
	16	Deluxe Corp.		949
	9	Exponent, Inc.		749
	9	Gategroup Holding AG		195
	18	GP Strategies Corp. ●		609
	19	On Assignment, Inc. ●		543
	190	Trinet Group, Inc. ●		5,697
	329	TrueBlue, Inc. ●		8,126
	117	Wageworks, Inc. ●		6,695
				29,560
		Consumer Durables and Apparel - 3.8%
	15	Arctic Cat, Inc.		489
	9	iRobot Corp. ●		315
	153	Kate Spade & Co. ●		4,147
	15	LGI Homes, Inc. ●		293
	13	M/I Schottenstein Homes, Inc. ●		290
	25	New Home (The) Co., Inc. ●		376
	2,101	Samsonite International S.A.		6,981
	148	Skechers USA, Inc. Class A ●		8,077
	691	Standard-Pacific Corp. ●		5,111
	23	Steven Madden Ltd. ●		728
	18	Taylor Morrison Home Corp. ●		308
	245	Vince Holding Corp. ●		8,575
				35,690
		Consumer Services - 4.4%
	309	Bloomin' Brands, Inc. ●		5,844
	11	Brinker International, Inc.		605
	39	Buffalo Wild Wings, Inc. ●		5,893
	14	Dave & Buster's Entertainment, Inc. ●		268
	34	Del Frisco's Restaurant Group, Inc. ●		784
	423	Diamond Resorts International, Inc. ●		10,983
	38	Ignite Restaurant Group, Inc. ●		261
	11	Marriott Vacations Worldwide Corp.		783
	5	Multimedia Games Holding Co., Inc. ●		188
	59	Panera Bread Co. Class A ●		9,466
	88	Red Robin Gourmet Burgers, Inc. ●		4,851
	14	Sotheby's Holdings		546
				40,472
		Diversified Financials - 4.4%
	9	Alaris Royalty Corp.		276
	9	Evercore Partners, Inc.		492
	119	Financial Engines, Inc.		4,763
	292	HFF, Inc.		9,198
	9	Marcus & Millichap, Inc. ●		268
	375	Platform Specialty Products Corp. ●		9,761
	83	Platform Specialty Products Corp. PIPE ⌂●†		2,008
	5	Portfolio Recovery Associates, Inc. ●		285
	20	Regional Management Corp. ●		233
	36	Virtus Investment Partners, Inc.		6,537
	339	Wisdomtree Investment, Inc. ●		5,007
	219	WL Ross Holding Corp. ●		2,347
				41,175
		Energy - 2.6%
	156	BPZ Resources, Inc. ●		194
	10	C&J Energy Services, Inc. ●		187
	111	Diamondback Energy, Inc. ●		7,602
	14	Forum Energy Technologies, Inc. ●		380
	20	Jones Energy, Inc. ●		250
	102	Karoon Gas Australia Ltd. ●		266
	9	Parsley Energy, Inc. ●		158

The accompanying notes are an integral part of these financial statements.

5

The Hartford Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.3% - (continued)
		Energy - 2.6% - (continued)
	12	PBF Energy, Inc.	$	324
	133	Rice Energy, Inc. ●		3,504
	12	Rosetta Resources, Inc. ●		463
	407	RSP Permian, Inc. ●		9,964
	47	Superior Drilling Products I ●		259
	22	Synergy Resources Corp. ●		273
				23,824
		Food and Staples Retailing - 0.3%
	14	Casey's General Stores, Inc.		1,127
	9	Diplomat Pharmacy, Inc. ●		198
	25	Natural Grocers by Vitamin Cottage, Inc. ●		451
	7	PriceSmart, Inc.		584
				2,360
		Food, Beverage and Tobacco - 0.2%
	15	Darling Ingredients, Inc. ●		259
	79	Sunopta, Inc. ●		1,121
	11	TreeHouse Foods, Inc. ●		926
				2,306
		Health Care Equipment and Services - 9.3%
	168	Acadia Healthcare Co., Inc. ●		10,438
	2	Atrion Corp.		541
	16	CareTrust REIT, Inc. ●		243
	14	Corvel Corp. ●		484
	10	Cyberonics, Inc. ●		508
	258	Dexcom, Inc. ●		11,579
	8	Ensign Group, Inc.		312
	261	Envision Healthcare Holdings ●		9,108
	235	Examworks Group, Inc. ●		9,124
	50	Globus Medical, Inc. ●		1,106
	6	Greatbatch, Inc. ●		285
	25	HealthSouth Corp.		1,021
	113	Heartware International, Inc. ●		8,719
	9	ICU Medical, Inc. ●		622
	250	Insulet Corp. ●		10,788
	4	MEDNAX, Inc. ●		271
	9	Natus Medical, Inc. ●		313
	19	Omnicell, Inc. ●		598
	110	Team Health Holdings ●		6,875
	19	U.S. Physical Therapy, Inc.		826
	31	Vascular Solutions, Inc. ●		908
	391	Veeva Systems, Inc. ●		11,648
	9	Wellcare Health Plans, Inc. ●		596
				86,913
		Household and Personal Products - 0.7%
	22	Prestige Brands Holdings, Inc. ●		793
	68	Spectrum Brands Holdings, Inc.		6,125
				6,918
		Insurance - 0.7%
	17	Amerisafe, Inc.		693
	227	Assured Guaranty Ltd.		5,248
	5	Phoenix Cos., Inc. ●		276
				6,217
		Materials - 1.7%
	14	Advanced Emissions Solutions, Inc. ●		291
	10	Cabot Corp.		487
	79	Graphic Packaging Holding Co. ●		961
	3	Haynes International, Inc.		157
	651	Headwaters, Inc. ●		8,271
	102	KapStone Paper & Packaging Corp. ●		3,127
	18	Myers Industries, Inc.		275
	32	New Gold, Inc. ●		113
	55	Omnova Solutions, Inc. ●		388
	32	Orion Engineered Carbons S. A. ●		480
	9	Philbro Animal Health Corp.-A		244
	24	PolyOne Corp.		881
	12	Silgan Holdings, Inc.		571
				16,246
		Media - 2.0%
	13	DreamWorks Animation SKG, Inc. ●		292
	366	Imax Corp. ●		10,780
	95	Shutterstock, Inc. ●		7,354
	97	Speed Commerce, Inc. ●		288
				18,714
		Pharmaceuticals, Biotechnology and Life Sciences - 10.7%
	13	Acorda Therapeutics, Inc. ●		457
	123	Aerie Pharmaceuticals, Inc. ●		3,101
	12	Agios Pharmaceuticals, Inc. ●		977
	14	Albany Molecular Research, Inc. ●		330
	16	Alkermes plc ●		825
	76	Alnylam Pharmaceuticals, Inc. ●		7,074
	239	Anacor Pharmaceuticals, Inc. ●		7,041
	75	Arena Pharmaceuticals, Inc. ●		325
	384	BioCryst Pharmaceuticals, Inc. ●		4,498
	31	Bruker Corp. ●		644
	34	Cara Therapeutics, Inc. ●		305
	137	Cepheid, Inc. ●		7,236
	87	Covance, Inc. ●		6,975
	100	Cubist Pharmaceuticals, Inc. ●		7,242
	25	Durata Therapeutics, Inc. ●		602
	139	Exelixis, Inc. ●		236
	19	Five Prime Therapeutics, Inc. ●		249
	18	Glycomimetics, Inc. ●		128
	109	Hyperion Therapeutics, Inc. ●		2,659
	21	Immunogen, Inc. ●		198
	120	Intersect ENT, Inc. ●		2,284
	284	Ironwood Pharmaceuticals, Inc. ●		3,985
	167	Medicines Co. ●		4,241
	227	NPS Pharmaceuticals, Inc. ●		6,228
	15	PAREXEL International Corp. ●		791
	216	Portola Pharmaceuticals, Inc. ●		6,155
	124	PTC Therapeutics, Inc. ●		5,088
	3	Puma Biotechnology, Inc. ●		787
	51	Salix Pharmaceuticals Ltd. ●		7,286
	143	Seattle Genetics, Inc. ●		5,229
	186	Tesaro, Inc. ●		5,186
	8	Ultragenyx Pharmaceutical, Inc. ●		372
	80	Xenoport, Inc. ●		543
	11	Zafgen, Inc. ●		230
				99,507
		Real Estate - 2.7%
	12	Altisource Residential Corp.		284
	34	Arbor Realty Trust		229
	25	Armada Hoffler Properties, Inc.		239
	13	Coresite Realty Corp. REIT		496
	182	Douglas Emmett, Inc. REIT		5,107
	352	Kennedy-Wilson Holdings, Inc.		9,544
	21	Medical Properties Trust, Inc. REIT		279
	124	Pebblebrook Hotel Trust REIT		5,294
	20	Ramco-Gershenson Properties Trust REIT		348
	12	Stag Industrial, Inc. REIT		295

The accompanying notes are an integral part of these financial statements.

6

The Hartford Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 96.3% - (continued)
		Real Estate - 2.7% - (continued)
	25	Summit Hotel Properties, Inc. REIT	$	292
	42	Sunstone Hotel Investors, Inc. REIT		648
	21	Zillow, Inc. ●		2,281
				25,336
		Retailing - 3.7%
	3,137	Allstar Co. ⌂●†		2,662
	16	Core-Mark Holding Co., Inc.		942
	11	Destination Maternity Corp.		162
	19	DSW, Inc.		566
	21	Express, Inc. ●		314
	10	Finish Line (The), Inc.		265
	16	Five Below, Inc. ●		643
	133	HSN, Inc.		8,769
	49	Pier 1 Imports, Inc.		632
	16	Shoe Carnival, Inc.		291
	66	Tory Burch LLC ⌂●†		4,296
	271	Tuesday Morning Corp. ●		5,522
	7	Wayfair, Inc. ●		186
	240	Zulily, Inc. ●		8,714
				33,964
		Semiconductors and Semiconductor Equipment - 3.0%
	36	Exar Corp. ●		340
	183	Freescale Semiconductor Holdings Ltd. ●		3,643
	20	Inphi Corp. ●		312
	18	Integrated Silicon Solution, Inc.		250
	23	Nanometrics, Inc. ●		317
	136	Power Integrations, Inc.		6,863
	26	Rambus, Inc. ●		302
	13	SunEdison Semiconductor Ltd. ●		260
	394	SunEdison, Inc. ●		7,682
	235	SunPower Corp. ●		7,493
	17	Ultratech Stepper, Inc. ●		329
				27,791
		Software and Services - 15.9%
	20	Aspen Technology, Inc. ●		721
	22	Bankrate, Inc. ●		238
	7	CACI International, Inc. Class A ●		592
	46	Carbonite, Inc. ●		506
	12	Cass Information Systems, Inc.		594
	304	Constant Contact, Inc. ●		10,760
	43	CoStar Group, Inc. ●		6,933
	11	CSG Systems International, Inc.		282
	9	Cvent, Inc. ●		244
	123	DealerTrack Technologies, Inc. ●		5,769
	107	Demandware, Inc. ●		6,442
	6	Digimarc Corp.		172
	21	Digital River, Inc. ●		545
	32	Ellie Mae, Inc. ●		1,219
	98	Envestnet, Inc. ●		4,349
	16	ePlus, Inc. ●		959
	10	Everyday Health, Inc. ●		138
	31	Exlservice Holdings, Inc. ●		867
	13	Fair Isaac, Inc.		796
	65	Five9, Inc. ●		286
	166	Fleetmatics Group Ltd. ●		6,165
	35	Global Cash Access, Inc. ●		255
	186	Heartland Payment Systems, Inc.		9,593
	77	Hubspot, Inc. ●		2,748
	21	j2 Global, Inc.		1,150
	34	Kofax Ltd. ●		218
	27	Manhattan Associates, Inc. ●		1,073
	47	Marchex, Inc.		181
	233	Marketo, Inc. ●		7,529
	124	MAXIMUS, Inc.		5,998
	42	Model N, Inc. ●		408
	14	Netscout Systems, Inc. ●		509
	16	Nuance Communications, Inc. ●		242
	142	PTC, Inc. ●		5,406
	14	Qualys, Inc. ●		446
	39	Sapient Corp. ●		670
	16	SeaChange International, Inc. ●		111
	9	Solera Holdings, Inc.		484
	26	Tangoe, Inc. ●		388
	8	Textura Corp. ●		213
	111	Tyler Corp. ●		12,469
	206	Verint Systems, Inc. ●		11,859
	249	Virtusa Corp. ●		10,194
	13	WebMD Health Corp. ●		564
	92	WEX, Inc. ●		10,469
	397	WNS Holdings Ltd. ADR ●		8,020
	135	Xoom Corp. ●		2,039
	105	Yelp, Inc. ●		6,300
	2	Zendesk, Inc. ●		55
	64	Zix Corp. ●		211
				148,379
		Technology Hardware and Equipment - 5.1%
	27	Aruba Networks, Inc. ●		579
	30	Calix, Inc. ●		327
	21	CDW Corp. of Delaware		656
	247	Cognex Corp. ●		9,786
	8	FEI Co.		698
	40	Mitel Networks Corp. ●		374
	472	Mobileye N.V. ⌂●†		23,336
	197	Nimble Storage, Inc. ●		5,392
	81	ParkerVision, Inc. ●		106
	169	Ubiquiti Networks, Inc.		6,054
				47,308
		Telecommunication Services - 0.0%
	10	Shenandoah Telecommunications Co.		296
		Transportation - 3.8%
	36	Celadon Group, Inc.		703
	163	Landstar System, Inc.		12,046
	17	Marten Transport Ltd.		328
	126	Old Dominion Freight Line, Inc. ●		9,149
	5	Park-Ohio Holdings Corp.		270
	20	Spirit Airlines, Inc. ●		1,433
	440	Swift Transportation Co. ●		10,864
	668	Telogis, Inc. ⌂●†		541
				35,334
		Utilities - 0.1%
	5	ALLETE, Inc.		259
	8	Pattern Energy Group, Inc.		217
	15	Spark Energy, Inc. ●		246
				722
		Total Common Stocks
		( Cost $761,809)	$	896,462

The accompanying notes are an integral part of these financial statements.

7

The Hartford Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Preferred Stocks - 1.7%
		Consumer Durables and Apparel - 0.3%
	106	Cloudera, Inc. ⌂●†			$	2,589
		Pharmaceuticals, Biotechnology and Life Sciences - 0.0%
	93	Sancilio & Co., Inc. ⌂●†				316
		Software and Services - 0.6%
	870	Apigee Corp. ⌂●†				2,863
	129	Nutanix, Inc. ⌂●†				1,558
	98	Veracode, Inc. ⌂●†				1,629
						6,050
		Technology Hardware and Equipment - 0.2%
	123	Pure Storage, Inc. ⌂●†				1,741
		Telecommunication Services - 0.2%
	83	DocuSign, Inc. ⌂●†				1,406
						1,406
		Transportation - 0.4%
	909	Telogis, Inc. ⌂●†				3,883
		Total Preferred Stocks
		(Cost $12,999)			$	15,985
Exchange Traded Funds - 0.2%
		Other Investment Pools and Funds - 0.2%
	12	iShares Russell 2000 Growth ETF			$	1,708
		Total Exchange Traded Funds
		(Cost $1,666)			$	1,708
		Total Long-Term Investments
		(Cost $776,474)			$	914,155
Short-Term Investments - 1.3%
Repurchase Agreements - 1.3%
		Bank of America Merrill Lynch  TriParty Repurchase  Agreement (maturing on 11/03/2014 in the amount of $34, collateralized by U.S. Treasury Note 1.50%, 2019, value of $35)
$	34	0.08%, 10/31/2014			$	34
		Bank of America Merrill Lynch TriParty Repurchase  Agreement (maturing on 11/03/2014 in the amount of $578, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $589)
	577	0.09%, 10/31/2014				577
		Bank of Montreal  TriParty Repurchase Agreement  (maturing on 11/03/2014 in the amount of $155, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% -  4.50%, 2015 - 2022, value of $158)
	155	0.08%, 10/31/2014				155
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $526, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%,  2017, value of $536)
	526	0.10%, 10/31/2014				526
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,982, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $2,021)
	1,982	0.08%, 10/31/2014				1,982
		Citigroup Global Markets, Inc. TriParty Repurchase  Agreement (maturing on 11/03/2014 in the amount of $2,278, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $2,323)
	2,278	0.09%, 10/31/2014				2,278
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $131, collateralized by U.S. Treasury Note 0.88%, 2017, value of $134)
	131	0.13%, 10/31/2014				131
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $194, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $197)
	194	0.07%, 10/31/2014				194
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,039, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $2,080)
	2,039	0.08%, 10/31/2014				2,039
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3,952, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $4,031)
	3,952	0.10%, 10/31/2014				3,952
						11,868
		Total Short-Term Investments
		(Cost $11,868)			$	11,868
		Total Investments
		(Cost $788,342) ▲	99.5	%	$	926,023
		Other Assets and Liabilities	0.5	%		4,534
		Total Net Assets	100.0	%	$	930,557

The accompanying notes are an integral part of these financial statements.

8

The Hartford Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Other than the industry classifications "Other Investment Pools and Funds" and "Exchange Traded Funds," equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $790,997 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	162,828
Unrealized Depreciation		(27,802	)
Net Unrealized Appreciation	$	135,026

†	These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $48,828, which represents 5.2% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.
●	Non-income producing.
⌂	The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale.  A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
08/2011		3,137	Allstar Co.	$	1,364
04/2014		870	Apigee Corp. Preferred	$	2,532
02/2014		106	Cloudera, Inc. Preferred	$	1,545
02/2014		83	DocuSign, Inc. Preferred	$	1,094
08/2013		472	Mobileye N.V.	$	3,293
08/2014		129	Nutanix, Inc. Preferred	$	1,730
10/2014		83	Platform Specialty Products Corp. PIPE	$	2,136
04/2014		123	Pure Storage, Inc. Preferred	$	1,934
05/2014		93	Sancilio & Co., Inc. Preferred	$	351
09/2013		668	Telogis, Inc.	$	1,323
09/2013		909	Telogis, Inc. Preferred	$	2,002
11/2013		66	Tory Burch LLC	$	5,138
08/2014		98	Veracode, Inc. Preferred	$	1,810

At October 31, 2014, the aggregate value of these securities was $48,828, which represents 5.2% of total net assets.  

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Other Abbreviations:
ADR	American Depositary Receipt
ETF	Exchange Traded Fund
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
PIPE	Private Investment in Public Equity
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

9

The Hartford Small Company Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	896,462	$	856,177	$	7,442	$	32,843
Exchange Traded Funds		1,708		1,708		–		–
Preferred Stocks		15,985		–		–		15,985
Short-Term Investments		11,868		–		11,868		–
Total	$	926,023	$	857,885	$	19,310	$	48,828

♦	For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.
‡	The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as  of October 31, 2013		Realized  Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers  Out of Level 3 *		Balance as  of October 31, 2014
Assets:
Common Stocks	$	9,923	$	522	$	16,259	†	$	—	$	7,345	$	(1,566	)	$	360	$	—	$	32,843
Preferred Stocks		1,801		—		3,186	‡		—		10,998		—			—		—		15,985
Total	$	11,724	$	522	$	19,445		$	—	$	18,343	$	(1,566	)	$	360	$	—	$	48,828

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $16,137.

‡ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $3,186.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

10

The Hartford Small Company Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $788,342)	$	926,023
Cash		1
Foreign currency on deposit with custodian (cost $—)		—
Receivables:
Investment securities sold		15,387
Fund shares sold		3,133
Dividends and interest		46
Other assets		65
Total assets		944,655
Liabilities:
Payables:
Investment securities purchased		12,787
Fund shares redeemed		972
Investment management fees		137
Administrative fees		4
Distribution fees		34
Accrued expenses		164
Total liabilities		14,098
Net assets	$	930,557
Summary of Net Assets:
Capital stock and paid-in-capital	$	650,305
Distributions in excess of net investment income		(6	)
Accumulated net realized gain		142,577
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		137,681
Net assets	$	930,557
Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$24.83/$26.28
Shares outstanding		14,297
Net assets	$	355,056
Class B: Net asset value per share	$	20.40
Shares outstanding		232
Net assets	$	4,730
Class C: Net asset value per share	$	20.36
Shares outstanding		1,884
Net assets	$	38,351
Class I: Net asset value per share	$	25.51
Shares outstanding		2,369
Net assets	$	60,425
Class R3: Net asset value per share	$	26.39
Shares outstanding		2,278
Net assets	$	60,124
Class R4: Net asset value per share	$	27.21
Shares outstanding		2,438
Net assets	$	66,353
Class R5: Net asset value per share	$	27.95
Shares outstanding		271
Net assets	$	7,585
Class Y: Net asset value per share	$	28.27
Shares outstanding		11,955
Net assets	$	337,933

The accompanying notes are an integral part of these financial statements.

11

The Hartford Small Company Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	3,058
Interest		6
Less: Foreign tax withheld		(20	)
Total investment income		3,044
Expenses:
Investment management fees		7,228
Administrative services fees
Class R3		117
Class R4		104
Class R5		8
Transfer agent fees
Class A		857
Class B		24
Class C		79
Class I		119
Class R3		3
Class R4		1
Class R5		2
Class Y		6
Distribution fees
Class A		861
Class B		55
Class C		388
Class R3		293
Class R4		174
Custodian fees		10
Accounting services fees		128
Registration and filing fees		129
Board of Directors' fees		25
Audit fees		17
Other expenses		188
Total expenses (before waivers and fees paid indirectly)		10,816
Expense waivers		(2	)
Transfer agent fee waivers		(8	)
Commission recapture		(56	)
Total waivers and fees paid indirectly		(66	)
Total expenses, net		10,750
Net Investment Loss		(7,706	)
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		152,483
Net realized gain on futures contracts		33
Net realized gain on foreign currency contracts		48
Net realized loss on other foreign currency transactions		(47	)
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		152,517
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(30,164	)
Net unrealized appreciation of translation of other assets and liabilities in foreign currencies		—
Net Changes in Unrealized Depreciation of Investments and Foreign Currency Transactions		(30,164	)
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		122,353
Net Increase in Net Assets Resulting from Operations	$	114,647

The accompanying notes are an integral part of these financial statements.

12

The Hartford Small Company Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment loss	$	(7,706	)	$	(4,225	)
Net realized gain on investments, other financial instruments and foreign currency transactions		152,517			106,691
Net unrealized appreciation (depreciation) of investments and foreign currency transactions		(30,164	)		126,191
Net Increase in Net Assets Resulting from Operations		114,647			228,657
Distributions to Shareholders:
From net realized gain on investments
Class A		(36,374	)		(18,096	)
Class B		(767	)		(460	)
Class C		(5,032	)		(2,518	)
Class I		(4,447	)		(1,663	)
Class R3		(6,039	)		(3,069	)
Class R4		(6,817	)		(3,508	)
Class R5		(867	)		(540	)
Class Y		(32,103	)		(15,031	)
Total distributions		(92,446	)		(44,885	)
Capital Share Transactions:
Class A		28,171			(16,681	)
Class B		(1,234	)		(1,224	)
Class C		325			(1,349	)
Class I		20,218			6,921
Class R3		1,124			(2,403	)
Class R4		(2,840	)		(3,360	)
Class R5		(933	)		(2,337	)
Class Y		6,213			6,509
Net increase (decrease) from capital share transactions		51,044			(13,924	)
Net Increase in Net Assets		73,245			169,848
Net Assets:
Beginning of period		857,312			687,464
End of period	$	930,557		$	857,312
Undistributed (distributions in excess of) net investment income	$	(6	)	$	(112	)

The accompanying notes are an integral part of these financial statements.

13

The Hartford Small Company Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Small Company Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund's portfolio managers are Steven C. Angeli (87%), Mammen Chally (10%) and Jamie A. Rome (3%). The portfolio management team also includes Mario E. Abularach and Stephen Mortimer. The Fund is a diversified open-end management investment company.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may

14

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign investments in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of over-the-counter ("OTC") options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value,

15

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. For more information on specific valuation techniques and unobservable inputs, please see the following table titled "Quantitative Information about Level 3 Fair Value Measurements."

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund’s Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company’s Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

16

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Quantitative Information about Level 3 Fair Value Measurements:

Security Type/Valuation Technique	Unobservable Input *	Input Value(s) Range (Weighted Average) ‡	Fair Value at October 31, 2014
Assets:
Common Stocks
Intrinsic value Δ	Parity to underlying security	$24.06 - $49.47 ($47.45)		25,344
Model Δ	Enterprise Value/Last Twelve Months EBITDA	6.31x to 8.23x		2,662
Model Δ	Enterprise Value/Estimated 2014 EBITDA	11.42x to 18.73x		4,296
Model Δ	Enterprise Value/Estimated 2014 Revenue ♠	1.60x to 5.40x		541
Preferred Stocks
Cost Δ	Recent trade price	$3.40 - $16.62 ($13.65)		5,244
	Date	4/16/2014 - 8/26/2014
Model Δ	Enterprise Value/Estimated 2014 Revenue ♠	1.60x to 5.40x		3,883
Model Δ	Enterprise Value/Estimated 2014 Revenue	8.20x to 14.30x		2,863
Model Δ	Enterprise Value/Estimated 2015 Revenue	6.18x to 14.52x		1,406
Model Δ	Enterprise Value/Estimated 2016 Revenue	6.50x to 10.40x		2,589
Total			$	48,828

* Significant changes to any unobservable inputs may result in a significant change to the fair value.

‡ Unless otherwise noted, inputs were weighted based on the fair value of the investments included in the range.

Δ Includes illiquidity discount of 10%.

♠ The Option Pricing Method ("OPM") is used to allocate enterprise values between multiple tiers of equity. The use of the OPM represents a change in methodology from prior year for this investment. Inputs for the OPM include:

Volatility - 50.0%

Term to Liquidity Event - 1.0 years

Risk-free rate - 0.11%

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, the Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net

17

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund had no when-issued or delayed-delivery investments as of October 31, 2014.

18

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund had no outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund had no outstanding futures contracts as of October 31, 2014. 

Additional Derivative Instrument Information:  

The volume of derivative activity was minimal during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain on Derivatives Recognized as a Result of Operations:
Net realized gain on futures contracts	$	—	$	—	$	—	$	33	$	—	$	—	$	33
Net realized gain on foreign currency contracts		—		48		—		—		—		—		48
Total	$	—	$	48	$	—	$	33	$	—	$	—	$	81

19

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	33,924	$	—
Long-Term Capital Gains ‡		58,522		44,885

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

20

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	31,735
Undistributed Long-Term Capital Gain		113,491
Unrealized Appreciation*		135,026
Total Accumulated Earnings	$	280,252

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	7,812
Accumulated Net Realized Gain (Loss)		(7,812	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s

21

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million	0.8500%
On next $250 million	0.8000%
On next $500 million	0.7500%
On next $500 million	0.7000%
On next $3.5 billion	0.6500%
On next $5 billion	0.6300%
Over $10 billion	0.6200%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.014%
On next $5 billion	0.012%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.40%	2.15%	2.15%	1.15%	1.55%	1.25%	0.95%	0.90%

Fees Paid Indirectly – The Fund has entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund's expenses. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		1.34	%
Class B		2.14
Class C		2.04
Class I		1.10
Class R3		1.54
Class R4		1.24
Class R5		0.94
Class Y		0.84

22

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $950 and contingent deferred sales charges of $6 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $2. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		8	%

23

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	828,168	$	—	$	828,168
Sales Proceeds		879,976		—		879,976

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued  for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of  Shares			Shares Sold		Shares Issued  for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of  Shares
Class A
Shares		2,562		1,602		(2,911	)		1,253			2,412		1,011		(4,132	)		(709	)
Amount	$	61,338	$	35,948	$	(69,115	)	$	28,171		$	51,670	$	17,866	$	(86,217	)	$	(16,681	)
Class B
Shares		11		39		(109	)		(59	)		12		28		(103	)		(63	)
Amount	$	215	$	721	$	(2,170	)	$	(1,234	)	$	222	$	424	$	(1,870	)	$	(1,224	)
Class C
Shares		172		256		(394	)		34			213		156		(433	)		(64	)
Amount	$	3,366	$	4,748	$	(7,789	)	$	325		$	3,984	$	2,343	$	(7,676	)	$	(1,349	)
Class I
Shares		1,149		186		(509	)		826			841		88		(612	)		317
Amount	$	28,254	$	4,275	$	(12,311	)	$	20,218		$	18,360	$	1,581	$	(13,020	)	$	6,921
Class R3
Shares		471		252		(662	)		61			497		163		(780	)		(120	)
Amount	$	11,863	$	6,020	$	(16,759	)	$	1,124		$	11,428	$	3,058	$	(16,889	)	$	(2,403	)
Class R4
Shares		513		276		(882	)		(93	)		589		183		(915	)		(143	)
Amount	$	13,324	$	6,790	$	(22,954	)	$	(2,840	)	$	13,848	$	3,498	$	(20,706	)	$	(3,360	)
Class R5
Shares		61		35		(131	)		(35	)		108		28		(244	)		(108	)
Amount	$	1,671	$	867	$	(3,471	)	$	(933	)	$	2,506	$	540	$	(5,383	)	$	(2,337	)
Class Y
Shares		3,390		1,245		(4,325	)		310			1,893		764		(2,295	)		362
Amount	$	92,151	$	31,660	$	(117,598	)	$	6,213		$	46,274	$	15,029	$	(54,794	)	$	6,509
Total
Shares		8,329		3,891		(9,923	)		2,297			6,565		2,421		(9,514	)		(528	)
Amount	$	212,182	$	91,029	$	(252,167	)	$	51,044		$	148,292	$	44,339	$	(206,555	)	$	(13,924	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		21	$	510
For the Year Ended October 31, 2013		22	$	465

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in

24

The Hartford Small Company Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

25

The Hartford Small Company Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning  of Period		Net  Investment  Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from  Realized  Capital  Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets  at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	24.58	$	(0.24	)	$	3.26	$	3.02	$	–	$	(2.77	)	$	(2.77	)	$	24.83		13.49	%	$	355,056		1.34	%		1.34	%		(1.01	)%
B		20.82		(0.36	)		2.71		2.35		–		(2.77	)		(2.77	)		20.40		12.61			4,730		2.29			2.15			(1.80	)
C		20.77		(0.34	)		2.70		2.36		–		(2.77	)		(2.77	)		20.36		12.70			38,351		2.05			2.05			(1.71	)
I		25.12		(0.19	)		3.35		3.16		–		(2.77	)		(2.77	)		25.51		13.78			60,425		1.10			1.10			(0.77	)
R3		26.00		(0.31	)		3.47		3.16		–		(2.77	)		(2.77	)		26.39		13.27			60,124		1.55			1.55			(1.21	)
R4		26.65		(0.24	)		3.57		3.33		–		(2.77	)		(2.77	)		27.21		13.62			66,353		1.25			1.25			(0.91	)
R5		27.23		(0.16	)		3.65		3.49		–		(2.77	)		(2.77	)		27.95		13.95			7,585		0.97			0.95			(0.61	)
Y		27.48		(0.14	)		3.70		3.56		–		(2.77	)		(2.77	)		28.27		14.08			337,933		0.85			0.85			(0.51	)
For the Year Ended October 31, 2013
A	$	19.52	$	(0.16	)	$	6.56	$	6.40	$	–	$	(1.34	)	$	(1.34	)	$	24.58		35.44	%	$	320,630		1.39	%		1.39	%		(0.73	)%
B		16.87		(0.27	)		5.56		5.29		–		(1.34	)		(1.34	)		20.82		34.34			6,062		2.35			2.15			(1.47	)
C		16.82		(0.26	)		5.55		5.29		–		(1.34	)		(1.34	)		20.77		34.45			38,428		2.09			2.09			(1.43	)
I		19.87		(0.11	)		6.70		6.59		–		(1.34	)		(1.34	)		25.12		35.79			38,749		1.14			1.14			(0.52	)
R3		20.61		(0.20	)		6.93		6.73		–		(1.34	)		(1.34	)		26.00		35.15			57,652		1.56			1.55			(0.88	)
R4		21.03		(0.14	)		7.10		6.96		–		(1.34	)		(1.34	)		26.65		35.56			67,467		1.26			1.25			(0.59	)
R5		21.39		(0.06	)		7.24		7.18		–		(1.34	)		(1.34	)		27.23		36.02			8,321		0.99			0.95			(0.25	)
Y		21.56		(0.05	)		7.31		7.26		–		(1.34	)		(1.34	)		27.48		36.12			320,003		0.86			0.86			(0.20	)
For the Year Ended October 31, 2012 (D)
A	$	19.23	$	(0.18	)	$	1.46	$	1.28	$	–	$	(0.99	)	$	(0.99	)	$	19.52		7.44	%	$	268,501		1.41	%		1.40	%		(0.85	)%
B		16.88		(0.35	)		1.33		0.98		–		(0.99	)		(0.99	)		16.87		6.65			5,972		2.37			2.15			(1.60	)
C		16.83		(0.29	)		1.27		0.98		–		(0.99	)		(0.99	)		16.82		6.67			32,182		2.12			2.12			(1.57	)
I		19.51		(0.11	)		1.46		1.35		–		(0.99	)		(0.99	)		19.87		7.70			24,366		1.14			1.14			(0.58	)
R3		20.27		(0.20	)		1.53		1.33		–		(0.99	)		(0.99	)		20.61		7.30			48,148		1.58			1.55			(0.99	)
R4		20.60		(0.13	)		1.55		1.42		–		(0.99	)		(0.99	)		21.03		7.63			56,217		1.27			1.25			(0.68	)
R5		20.88		(0.11	)		1.61		1.50		–		(0.99	)		(0.99	)		21.39		7.93			8,859		1.00			0.95			(0.41	)
Y		21.02		(0.06	)		1.59		1.53		–		(0.99	)		(0.99	)		21.56		8.02			243,219		0.87			0.87			(0.30	)
For the Year Ended October 31, 2011
A	$	17.48	$	(0.15	)	$	1.90	$	1.75	$	–	$	–		$	–		$	19.23		10.01	%	$	296,062		1.37	%		1.37	%		(0.77	)%
B		15.46		(0.27	)		1.69		1.42		–		–			–			16.88		9.18			9,192		2.30			2.15			(1.55	)
C		15.41		(0.26	)		1.68		1.42		–		–			–			16.83		9.21			36,465		2.10			2.10			(1.50	)
I		17.68		(0.10	)		1.93		1.83		–		–			–			19.51		10.35			19,056		1.08			1.08			(0.49	)
R3		18.45		(0.20	)		2.02		1.82		–		–			–			20.27		9.86			46,392		1.57			1.55			(0.96	)
R4		18.70		(0.14	)		2.04		1.90		–		–			–			20.60		10.16			51,387		1.26			1.25			(0.66	)
R5		18.90		(0.08	)		2.06		1.98		–		–			–			20.88		10.48			9,867		0.99			0.95			(0.35	)
Y		19.01		(0.06	)		2.07		2.01		–		–			–			21.02		10.57			235,036		0.86			0.86			(0.26	)

See Portfolio Turnover information on the next page.

26

The Hartford Small Company Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning  of Period		Net  Investment  Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from  Realized  Capital  Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets  at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	13.90	$	(0.13	)	$	3.71	$	3.58	$	–	$	–	$	–	$	17.48		25.76	%	$	289,558		1.41	%		1.40	%		(0.80	)%
B		12.39		(0.22	)		3.29		3.07		–		–		–		15.46		24.78			12,384		2.36			2.15			(1.54	)
C		12.34		(0.22	)		3.29		3.07		–		–		–		15.41		24.88			40,018		2.16			2.15			(1.55	)
I		14.03		(0.09	)		3.74		3.65		–		–		–		17.68		26.02			13,283		1.17			1.15			(0.54	)
R3		14.70		(0.16	)		3.91		3.75		–		–		–		18.45		25.51			35,873		1.59			1.57			(1.00	)
R4		14.85		(0.11	)		3.96		3.85		–		–		–		18.70		25.93			45,096		1.28			1.26			(0.67	)
R5		14.97		(0.07	)		4.00		3.93		–		–		–		18.90		26.25			11,706		1.02			1.02			(0.41	)
Y		15.03		(0.05	)		4.03		3.98		–		–		–		19.01		26.48			273,558		0.87			0.87			(0.28	)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		92	%
For the Year Ended October 31, 2013		106
For the Year Ended October 31, 2012		124
For the Year Ended October 31, 2011		111
For the Year Ended October 31, 2010		181

27

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Small Company Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Small Company Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

28

The Hartford Small Company Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

29

The Hartford Small Company Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

30

The Hartford Small Company Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

31

The Hartford Small Company Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

32

The Hartford Small Company Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account  Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days  in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,090.50	$	7.14	$	1,000.00	$	1,018.38	$	6.89		1.35	%	184	365
Class B	$	1,000.00	$	1,086.30	$	11.29	$	1,000.00	$	1,014.38	$	10.90		2.15		184	365
Class C	$	1,000.00	$	1,086.40	$	10.82	$	1,000.00	$	1,014.83	$	10.45		2.06		184	365
Class I	$	1,000.00	$	1,092.00	$	5.89	$	1,000.00	$	1,019.57	$	5.69		1.12		184	365
Class R3	$	1,000.00	$	1,089.10	$	8.16	$	1,000.00	$	1,017.39	$	7.88		1.55		184	365
Class R4	$	1,000.00	$	1,091.00	$	6.61	$	1,000.00	$	1,018.88	$	6.38		1.25		184	365
Class R5	$	1,000.00	$	1,092.70	$	5.01	$	1,000.00	$	1,020.41	$	4.84		0.95		184	365
Class Y	$	1,000.00	$	1,093.20	$	4.50	$	1,000.00	$	1,020.90	$	4.35		0.85		184	365

33

The Hartford Small Company Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Small Company Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

34

The Hartford Small Company Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period and the 4^th quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

35

The Hartford Small Company Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis and that certain factors were identified by HFMC as having had a potential impact on the negotiation of the Fund’s sub-advisory fee levels. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee was in the 4^th quintile of its expense group, while its actual management fee was in the 3^rd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 5^th quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

36

The Hartford Small Company Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

37

The Hartford Small Company Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Small-Cap Stock Risk: Small-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets.

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

38

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-SC14 12/14 114000-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD SMALL/MID CAP EQUITY FUND   2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Small/Mid Cap Equity Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	11
Statement of Operations for the Year Ended October 31, 2014	12
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	13
Notes to Financial Statements	14
Financial Highlights	24
Report of Independent Registered Public Accounting Firm	26
Directors and Officers (Unaudited)	27
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	29
Quarterly Portfolio Holdings Information (Unaudited)	29
Federal Tax Information (Unaudited)	30
Expense Example (Unaudited)	31
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	32
Main Risks (Unaudited)	36

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Small/Mid Cap Equity Fund inception 01/01/2005

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks long-term capital appreciation.

Performance Overview 1/01/05 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)  

	1 Year			5 Years			Since      Inception▲
Small/Mid Cap Equity A#		9.22	%		16.91	%		7.15	%
Small/Mid Cap Equity A##		3.22	%		15.59	%		6.54	%
Small/Mid Cap Equity B#		8.39	%		16.05	%		6.62	%*
Small/Mid Cap Equity B##		3.72	%		15.83	%		6.62	%*
Small/Mid Cap Equity C#		8.39	%		16.06	%		6.39	%
Small/Mid Cap Equity C##		7.46	%		16.06	%		6.39	%
Small/Mid Cap Equity R3#		8.99	%		16.96	%		7.37	%
Small/Mid Cap Equity R4#		9.31	%		17.17	%		7.47	%
Small/Mid Cap Equity R5#		9.62	%		17.40	%		7.57	%
Small/Mid Cap Equity Y#		9.75	%		17.41	%		7.58	%
Russell 2500 Index		10.23	%		18.40	%		8.63	%

▲ Inception: 01/01/2005

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.  

The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class R3, R4 and R5 shares commenced operations on 9/30/11. Performance prior to that date is that of the Fund’s Class Y shares, which had different operating expenses.

Includes the Fund’s performance when it invested, prior to 2/1/10, at least 80% of its assets in common stocks of mid-capitalization companies.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of June 4, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund. 

Russell 2500 Index measures the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as “smid” cap. The Russell 2500 Index is a subset of the Russell 3000 Index and includes approximately 2500 of the smallest securities based on a combination of their market capitalization and current index membership.

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Small/Mid Cap Equity Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Small/Mid Cap Equity Class A		1.30	%		1.43	%
Small/Mid Cap Equity Class B		2.05	%		2.35	%
Small/Mid Cap Equity Class C		2.05	%		2.18	%
Small/Mid Cap Equity Class R3		1.50	%		1.68	%
Small/Mid Cap Equity Class R4		1.20	%		1.34	%
Small/Mid Cap Equity Class R5		0.90	%		1.04	%
Small/Mid Cap Equity Class Y		0.85	%		0.93	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Manager

David J. Elliott, CFA

Vice President, Co-Director, Quantitative Investments and Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Small/Mid Cap Equity Fund returned 9.22%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the Russell 2500 Index, which returned 10.23% for the same period. The Fund also underperformed the 11.40% average return of the Lipper Mid-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities surged during the period, despite bouts of significant volatility. After finishing their best year since 1997, U.S. stocks began 2014 with their worst month in nearly two years. Worries about an economic slowdown in China and general angst surrounding emerging markets overshadowed a fairly benign domestic environment. However, robust merger and acquisition activity and an uncontested increase in the debt ceiling from Congress helped stoke investors' risk appetites in February. The rally continued in May amid renewed signs of life in the housing market and the best payroll gain in more than two years. However, a pullback in July ended a streak of five consecutive monthly gains. Fear gripped the market as heightened geopolitical risks, a potential Portuguese banking crisis, and worries of U.S. Federal Reserve (Fed) tightening took center stage. Stocks rebounded in August as investors were emboldened by encouraging economic data, headlined by better-than-expected gross domestic product (GDP) growth and signs that the housing recovery still had legs. In September, U.S. equities retreated for just the third month this year. Despite solid manufacturing and consumer confidence readings, the reality of quantitative easing ending and the prospect of higher federal funds rates in mid-2015 contributed to increased risk aversion levels. Stocks finished a volatile October at an all-time high on the heels of a positive earnings season and generally solid economic data. Returns varied noticeably by market-cap, as small- and mid-cap stocks underperformed large-cap stocks.

Nine of the ten sectors in the Russell 2500 Index posted positive returns during the period. Strong performers included the Healthcare (+24.5%), Telecommunication Services (+22.1%), and Utilities (+19.0%) sectors, while the Energy (-12.0%), Consumer Staples (+5.3%) and Consumer Discretionary (+6.1%) sectors lagged on a relative basis.

Weak stock selection in the Materials, Industrials, and Consumer Discretionary sectors more than offset stronger stock selection in the Information Technology, Energy, and Utilities sectors. Overall sector positioning, a fallout of our bottom up stock selection process, contributed to relative returns during the period due primarily to an overweight to the Healthcare sector and underweights to the Industrials and Financials sectors. The Fund’s modest cash position detracted from relative performance in an upward-trending market.

The largest detractors from absolute and benchmark-relative performance were Barrett Business Services (Industrials), Taser International (Industrials), and Nu Skin Enterprises (Consumer Discretionary). Shares of Barrett Business Services, a Washington-based company that provides outsourced workers' compensation coverage and other personnel services to businesses, fell as the company reported higher-than-expected workers’ compensation reserve charges; an announcement the market viewed negatively. Shares of Taser International, a U.S.-based company engaged in the development, manufacture and sale of electronic control devices, underperformed after the company announced continued capital expenditures in video technology that remains in the nascent stages of product development. Shares of Nu Skin Enterprises, a global direct selling company that develops anti-aging products, declined during the period, as broad weakness across emerging markets, highlighted by a prolonged slowdown in Nu Skin’s China business, weighed on revenues.

3

The Hartford Small/Mid Cap Equity Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

The largest contributors to relative and absolute performance during the period were Alaska Air Group (Industrials), Pilgrim’s Pride (Consumer Staples), and United Therapeutics (Healthcare). Alaska Air Group, an airline holding company, rose during the period as sales increased during the period due to increased capacity and travel routes. Shares of Pilgrim’s Pride, a U.S.-based chicken producer, rose during the period after the company posted better-than-expected earnings results. Shares of United Therapeutics, a U.S.-based biotechnology company, rose during the period after the company reported better-than-expected quarterly earnings, driven primarily by the company’s product launch which was well received by the market.

Derivatives are not used in a significant manner in this Fund and did not have a material impact on performance during the period.

What is the outlook?

The Fund seeks to add value by utilizing Wellington Management’s proprietary quantitative research and investment tools in a highly disciplined framework. The Fund focuses on stock selection as the key driver of returns and uses quantitative portfolio optimization techniques to minimize unintended and uncompensated risks. Based on individual stock decisions, the Fund ended the period most overweight the Consumer Discretionary, Healthcare, and Telecommunication Services sectors and most underweight the Industrials, Utilities, and Information Technology sectors relative to the Russell 2500 Index.

Diversification by Sector

as of October 31, 2014

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		16.0	%
Consumer Staples		2.3
Energy		4.8
Financials		23.1
Health Care		13.2
Industrials		14.0
Information Technology		14.6
Materials		5.8
Services		1.1
Utilities		3.8
Total		98.7	%
Short-Term Investments		1.2
Other Assets and Liabilities		0.1
Total		100.0	%

A sector may be comprised of several industries.  For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.

4

The Hartford Small/Mid Cap Equity Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 98.7%
		Automobiles and Components - 0.8%
	3	Lear Corp.	$	250
	8	Superior Industries International, Inc.		154
	2	Visteon Corp. ●		197
				601
		Banks - 3.8%
	5	Banco Latinoamericano de Comercio Exterior S.A. ADR		151
	40	Fifth Third Bancorp		802
	7	Hanmi Financial Corp.		148
	10	Home Loan Servicing Solutions Ltd.		185
	46	Huntington Bancshares, Inc.		453
	10	MainSource Financial Group, Inc.		181
	9	Oriental Financial Group, Inc.		143
	6	Popular, Inc. ●		188
	6	Radian Group, Inc.		99
	44	Regions Financial Corp.		432
				2,782
		Capital Goods - 6.9%
	7	AAON, Inc.		140
	6	AGCO Corp.		284
	6	Altra Industrial Motion Corp.		173
	4	American Railcar Industries, Inc.		257
	5	American Woodmark Corp. ●		209
	5	Argan, Inc.		188
	6	Brady Corp. Class A		131
	1	Esterline Technologies Corp. ●		152
	2	Generac Holdings, Inc. ●		86
	2	Huntington Ingalls Industries, Inc.		243
	2	Hyster-Yale Materials Handling, Inc.		133
	20	Meritor, Inc. ●		228
	2	Moog, Inc. Class A ●		168
	6	Proto Laboratories, Inc. ●		386
	4	Quanta Services, Inc. ●		126
	4	Regal-Beloit Corp.		312
	9	Taser International, Inc. ●		177
	3	Timken Co.		146
	8	Trex Co., Inc. ●		361
	7	Trinity Industries, Inc.		243
	3	United Rentals, Inc. ●		319
	2	Valmont Industries, Inc.		218
	4	Wabco Holdings, Inc. ●		341
				5,021
		Commercial and Professional Services - 4.2%
	7	Avery Dennison Corp.		342
	6	Barrett Business Services, Inc.		133
	8	Brink's Co.		170
	5	Deluxe Corp.		316
	4	Dun & Bradstreet Corp.		430
	10	Enernoc, Inc. ●		148
	5	Korn/Ferry International ●		134
	13	Pitney Bowes, Inc.		324
	7	Quad Graphics, Inc.		159
	5	Quintiles Transnational Holdings ●		316
	18	R.R. Donnelley & Sons Co.		311
	9	RPX Corp. ●		122
	2	UniFirst Corp.		167
				3,072
		Consumer Durables and Apparel - 4.0%
	6	CSS Industries, Inc.		172
	3	Deckers Outdoor Corp. ●		245
	3	Fossil Group, Inc. ●		254
	2	Hanesbrands, Inc.		243
	2	Harman International Industries, Inc.		226
	13	Nautilus Group, Inc. ●		175
	1	NVR, Inc. ●		712
	2	Polaris Industries, Inc.		269
	70	Quiksilver, Inc. ●		122
	4	Skechers USA, Inc. Class A ●		236
	4	Steven Madden Ltd. ●		135
	4	Vince Holding Corp. ●		147
				2,936
		Consumer Services - 4.6%
	5	American Public Education, Inc. ●		145
	6	Apollo Education Group, Inc. ●		169
	11	Bridgepoint Education, Inc. ●		143
	8	Brinker International, Inc.		440
	1	Buffalo Wild Wings, Inc. ●		172
	2	Capella Education Co.		120
	4	Cheesecake Factory, Inc.		193
	3	DeVry Education Group, Inc.		131
	5	Domino's Pizza, Inc.		438
	14	International Speedway Corp. Class A		429
	8	K12, Inc. ●		103
	3	Marriott Vacations Worldwide Corp.		173
	3	Outerwall, Inc. ●		177
	2	Panera Bread Co. Class A ●		307
	2	Strayer Education, Inc. ●		176
				3,316
		Diversified Financials - 2.4%
	30	Apollo Investment Corp.		245
	15	EZCORP, Inc. ●		173
	12	Janus Capital Group, Inc.		181
	5	Marcus & Millichap, Inc. ●		146
	6	Nelnet, Inc.		266
	25	New Mountain Finance Corp.		370
	6	RCS Capital Corp-Class A		105
	7	Solar Capital Ltd.		125
	2	World Acceptance Corp. ●		115
				1,726
		Energy - 4.8%
	25	Abraxas Petroleum Corp. ●		105
	3	Carrizo Oil & Gas, Inc. ●		156
	1	Clayton Williams Energy, Inc. ●		108
	1	Core Laboratories N.V.		154
	3	CVR Energy, Inc.		160
	5	Helmerich & Payne, Inc.		417
	5	HollyFrontier Corp.		209
	6	Matrix Service Co. ●		150
	8	Nabors Industries Ltd.		134
	4	Newfield Exploration Co. ●		134
	2	Oil States International, Inc. ●		93
	5	Patterson-UTI Energy, Inc.		124
	9	Pioneer Energy Services Corp. ●		79
	1	REX American Resources Corp. ●		102
	7	RPC, Inc.		116
	2	SM Energy Co.		118
	3	Unit Corp. ●		126
	31	Vaalco Energy, Inc. ●		232
	11	Valero Energy Corp.		567

The accompanying notes are an integral part of these financial statements.

5

The Hartford Small/Mid Cap Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 98.7% - (continued)
		Energy - 4.8% - (continued)
	10	WPX Energy, Inc. ●	$	199
				3,483
		Food and Staples Retailing - 0.5%
	3	Andersons (The), Inc.		166
	38	Rite Aid Corp. ●		197
				363
		Food, Beverage and Tobacco - 1.3%
	1	Ingredion, Inc.		77
	1	Keurig Green Mountain, Inc.		122
	18	Pilgrim's Pride Corp. ●		497
	6	Universal Corp.		258
				954
		Health Care Equipment and Services - 4.9%
	4	Aetna, Inc.		297
	5	Anika Therapeutics, Inc. ●		209
	4	Centene Corp. ●		343
	2	Chemed Corp.		165
	3	Computer Programs & Systems, Inc.		183
	4	Ensign Group, Inc.		163
	4	Globus Medical, Inc. ●		78
	5	Health Net, Inc. ●		252
	2	Hill-Rom Holdings, Inc.		89
	3	ICU Medical, Inc. ●		198
	3	Magellan Health, Inc. ●		157
	4	MEDNAX, Inc. ●		231
	4	Orthofix International N.V. ●		129
	5	PharMerica Corp. ●		146
	21	Quality Systems, Inc.		310
	15	Select Medical Holdings Corp.		213
	6	SurModics, Inc. ●		126
	5	VCA, Inc. ●		246
				3,535
		Household and Personal Products - 0.5%
	3	Herbalife Ltd.		168
	2	Usana Health Sciences, Inc. ●		228
				396
		Insurance - 5.8%
	—	Alleghany Corp. ●		169
	3	AmTrust Financial Services, Inc.		153
	5	Argo Group International Holdings Ltd.		273
	7	Assurant, Inc.		471
	6	Endurance Specialty Holdings Ltd.		324
	3	Everest Re Group Ltd.		502
	4	FBL Financial Group Class A		213
	5	Federated National Holding Co.		151
	18	Genworth Financial, Inc. ●		250
	11	Greenlight Capital Re Ltd. Class A ●		354
	18	MBIA, Inc. ●		178
	7	Montpelier Re Holdings Ltd.		245
	2	Phoenix Cos., Inc. ●		137
	19	Symetra Financial Corp.		455
	9	United Insurance Holdings Corp.		180
	4	Validus Holdings Ltd.		147
				4,202
		Materials - 5.8%
	8	Albemarle Corp.		485
	4	Clearwater Paper Corp. ●		283
	8	Commercial Metals Co.		131
	5	Domtar Corp.		222
	8	Flotek Industries, Inc. ●		177
	26	Gold Resource Corp.		100
	11	Graphic Packaging Holding Co. ●		138
	9	Huntsman Corp.		225
	21	Kronos Worldwide, Inc.		282
	8	Olin Corp.		201
	6	PolyOne Corp.		211
	4	Reliance Steel & Aluminum		236
	18	Resolute Forest Products ●		325
	8	Sonoco Products Co.		339
	7	Steel Dynamics, Inc.		168
	3	Stepan Co.		124
	16	Stillwater Mining Co. ●		208
	5	United States Steel Corp.		208
	4	US Silica Holdings, Inc.		198
				4,261
		Media - 0.5%
	12	Global Sources Ltd. ●		91
	4	Scholastic Corp.		143
	3	Starz ●		105
				339
		Pharmaceuticals, Biotechnology and Life Sciences - 8.3%
	14	Achillion Pharmaceuticals, Inc. ●		166
	19	Affymetrix, Inc. ●		171
	8	Anacor Pharmaceuticals, Inc. ●		241
	24	Arena Pharmaceuticals, Inc. ●		104
	3	Bio-Rad Laboratories, Inc. Class A ●		350
	12	Bruker Corp. ●		251
	7	Cambrex Corp. ●		148
	6	Charles River Laboratories International, Inc. ●		385
	14	DepoMed, Inc. ●		213
	9	Emergent Biosolutions, Inc. ●		199
	6	Hyperion Therapeutics, Inc. ●		136
	3	Impax Laboratories, Inc. ●		84
	1	Intercept Pharmaceuticals, Inc. ●		207
	4	Lannet, Inc. ●		216
	3	Ligand Pharmaceuticals, Inc. Class B ●		160
	10	Myriad Genetics, Inc. ●		384
	15	Nektar Therapeutics ●		212
	23	Northwest Biotherapeutics, Inc. ●		122
	12	Omeros Corp. ●		192
	4	Ophthotech Corp. ●		150
	22	Pacific Biosciences of California ●		142
	4	PAREXEL International Corp. ●		234
	61	PDL Biopharma, Inc.		520
	18	Pozen, Inc.		163
	13	Sciclone Pharmaceuticals, Inc. ●		100
	3	Techne Corp.		282
	4	United Therapeutics Corp. ●		550
				6,082
		Real Estate - 11.1%
	8	AG Mortgage Investment Trust, Inc. REIT		151
	7	Altisource Residential Corp.		153
	17	American Capital Mortgage Investment Corp. REIT		323
	24	Brandywine Realty Trust REIT		370
	26	Capstead Mortgage Corp. REIT		333
	7	CBL & Associates Properties, Inc. REIT		140
	33	Chambers Street Properties		269
	7	Equity Commonwealth		198
	10	Equity Lifestyle Properties, Inc. REIT		471
	12	First Potomac Realty Trust REIT		144

The accompanying notes are an integral part of these financial statements.

6

The Hartford Small/Mid Cap Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount			Market Value ╪
Common Stocks - 98.7% - (continued)
		Real Estate - 11.1% - (continued)
	14	Franklin Street Properties Corp. REIT	$	173
	11	Government Properties Income Trust REIT		260
	8	Hatteras Financial Corp. REIT		147
	10	Hospitality Properties Trust REIT		293
	3	Jones Lang LaSalle, Inc.		419
	30	Mack-Cali Realty Corp. REIT		556
	18	MFA Mortgage Investments, Inc. REIT		149
	12	New Residential Investment Corp. ●		144
	11	NorthStar Realty Finance Corp.		204
	11	Pennsylvania REIT		238
	47	Piedmont Office Realty Trust, Inc.		912
	9	Ramco-Gershenson Properties Trust REIT		161
	50	Resource Capital Corp. REIT		267
	51	Retail Properties of America, Inc.		803
	5	Sabra Healthcare REIT, Inc.		140
	6	Select Income REIT		137
	9	St. Joe Co. ●		165
	26	Two Harbors Investment Corp. REIT		265
	10	Western Asset Mortgage Capital Corp. REIT		143
				8,128
		Retailing - 6.1%
	4	Abercrombie & Fitch Co. Class A		131
	6	ANN, Inc. ●		219
	7	Big Lots, Inc.		319
	6	Buckle (The), Inc.		291
	5	Cato Corp.		182
	8	Chico's FAS, Inc.		118
	3	Children's Place, Inc.		128
	4	Dillard's, Inc.		465
	9	Finish Line (The), Inc.		233
	6	Foot Locker, Inc.		358
	15	Francescas Holding Corp. ●		181
	19	Nutrisystem, Inc.		325
	14	Overstock.com, Inc. ●		331
	8	Select Comfort Corp. ●		203
	3	Ulta Salon, Cosmetics & Fragrances, Inc. ●		314
	7	Urban Outfitters, Inc. ●		215
	7	Williams-Sonoma, Inc.		423
				4,436
		Semiconductors and Semiconductor Equipment - 2.5%
	3	Ambarella, Inc. ●		111
	27	Amkor Technology, Inc. ●		182
	8	Cirrus Logic, Inc. ●		145
	10	Integrated Device Technology, Inc. ●		167
	11	Kulicke & Soffa Industries, Inc. ●		155
	20	ON Semiconductor Corp. ●		165
	17	RF Micro Devices, Inc. ●		215
	26	Silicon Image, Inc. ●		139
	8	Skyworks Solutions, Inc.		437
	2	Synaptics, Inc. ●		130
				1,846
		Software and Services - 8.5%
	30	Angie's List, Inc. ●		211
	10	Aspen Technology, Inc. ●		362
	17	AVG Technologies N.V. ●		301
	4	Booz Allen Hamilton Holding Corp.		103
	21	CA, Inc.		610
	12	Carbonite, Inc. ●		127
	2	Constant Contact, Inc. ●		81
	15	Convergys Corp.		292
	5	CSG Systems International, Inc.		130
	6	CyrusOne, Inc.		153
	16	Digital River, Inc. ●		399
	2	DST Systems, Inc.		231
	20	Global Cash Access, Inc. ●		144
	10	Liquidity Services, Inc. ●		125
	6	Logmein, Inc. ●		264
	8	Mentor Graphics Corp.		161
	7	Netscout Systems, Inc. ●		240
	6	Pegasystems, Inc.		134
	6	PTC, Inc. ●		229
	7	Rovi Corp. ●		155
	2	SS&C Technologies Holdings, Inc. ●		82
	20	Synopsys, Inc. ●		811
	10	Take-Two Interactive Software, Inc. ●		262
	12	VASCO Data Security International, Inc. ●		314
	7	VeriFone Systems, Inc. ●		261
				6,182
		Technology Hardware and Equipment - 3.6%
	6	Arris Group, Inc. ●		171
	4	Arrow Electronics, Inc. ●		228
	7	Avnet, Inc.		298
	3	Benchmark Electronics, Inc. ●		74
	47	Brocade Communications Systems, Inc.		510
	9	Clearfield, Inc. ●		138
	3	Comtech Telecommunications Corp.		121
	4	Echostar Corp. ●		201
	7	Ingram Micro, Inc. ●		183
	6	Lexmark International, Inc.		263
	3	Palo Alto Networks, Inc. ●		285
	41	Sonus Networks, Inc. ●		143
				2,615
		Telecommunication Services - 1.1%
	31	Frontier Communications Co.		203
	11	Inteliquent, Inc.		182
	9	Spok Holdings, Inc.		152
	11	Telephone & Data Systems, Inc.		292
				829
		Transportation - 2.9%
	21	Alaska Air Group, Inc.		1,102
	4	ArcBest Corp.		135
	6	Avis Budget Group, Inc. ●		323
	2	Spirit Airlines, Inc. ●		161
	10	Swift Transportation Co. ●		257
	6	Werner Enterprises, Inc.		163
				2,141
		Utilities - 3.8%
	60	Atlantic Power Corp.		133
	2	El Paso Electric Co.		80
	6	Empire District Electric Co.		168
	17	Great Plains Energy, Inc.		452
	6	New Jersey Resources Corp.		357
	10	Pinnacle West Capital Corp.		602

The accompanying notes are an integral part of these financial statements.

7

The Hartford Small/Mid Cap Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount					Market Value ╪
Common Stocks - 98.7% - (continued)
		Utilities - 3.8% - (continued)
	25	Westar Energy, Inc.			$	960
						2,752
		Total Common Stocks
		( Cost $63,567)			$	71,998
		Total Long-Term Investments
		(Cost $63,567)			$	71,998
Short-Term Investments - 1.2%
Repurchase Agreements - 1.2%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $3, collateralized by U.S. Treasury Note 1.50%, 2019, value of $3)
$	2	0.08%, 10/31/2014			$	2
		Bank of America Merrill Lynch TriParty Repurchase  Agreement (maturing on 11/03/2014 in the amount of $44, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $45)
	44	0.09%, 10/31/2014				44
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $12, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $12)
	12	0.08%, 10/31/2014				12
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $40, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $41)
	40	0.10%, 10/31/2014				40
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $150, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $153)
	150	0.08%, 10/31/2014				150
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $173, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $176)
	173	0.09%, 10/31/2014				173
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $10, collateralized by U.S. Treasury Note 0.88%, 2017, value of $10)
	10	0.13%, 10/31/2014				10
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $15, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $15)
	15	0.07%, 10/31/2014				15
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $155, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $158)
	155	0.08%, 10/31/2014				155
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $300, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $306)
	300	0.10%, 10/31/2014				300
						901
		Total Short-Term Investments
		(Cost $901)			$	901
		Total Investments
		(Cost $64,468) ▲	99.9	%	$	72,899
		Other Assets and Liabilities	0.1	%		99
		Total Net Assets	100.0	%	$	72,998

The accompanying notes are an integral part of these financial statements.

8

The Hartford Small/Mid Cap Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. 

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $64,502 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	11,337
Unrealized Depreciation		(2,940	)
Net Unrealized Appreciation	$	8,397

● Non-income producing.

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Other Abbreviations:
ADR	American Depositary Receipt
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
REIT	Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

9

The Hartford Small/Mid Cap Equity Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Common Stocks ‡	$	71,998	$	71,998	$	–	$	–
Short-Term Investments		901		–		901		–
Total	$	72,899	$	71,998	$	901	$	–

♦	For the year ended October 31, 2014, there were no transfers between Level 1 and Level 2.
‡	The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

10

The Hartford Small/Mid Cap Equity Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $64,468)	$	72,899
Cash		—
Receivables:
Fund shares sold		138
Dividends and interest		37
Other assets		46
Total assets		73,120
Liabilities:
Payables:
Fund shares redeemed		77
Investment management fees		10
Administrative fees		—
Distribution fees		6
Accrued expenses		29
Total liabilities		122
Net assets	$	72,998
Summary of Net Assets:
Capital stock and paid-in-capital	$	62,991
Undistributed net investment income		349
Accumulated net realized gain		1,227
Unrealized appreciation of investments		8,431
Net assets	$	72,998
Shares authorized		950,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$13.89/$14.70
Shares outstanding		3,940
Net assets	$	54,722
Class B: Net asset value per share	$	13.12
Shares outstanding		238
Net assets	$	3,119
Class C: Net asset value per share	$	12.96
Shares outstanding		1,050
Net assets	$	13,603
Class R3: Net asset value per share	$	14.21
Shares outstanding		41
Net assets	$	587
Class R4: Net asset value per share	$	14.26
Shares outstanding		36
Net assets	$	516
Class R5: Net asset value per share	$	14.32
Shares outstanding		14
Net assets	$	204
Class Y: Net asset value per share	$	14.31
Shares outstanding		17
Net assets	$	247

The accompanying notes are an integral part of these financial statements.

11

The Hartford Small/Mid Cap Equity Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	1,480
Interest		—
Less: Foreign tax withheld		(3	)
Total investment income		1,477
Expenses:
Investment management fees		541
Administrative services fees
Class R3		1
Class R4		1
Class R5		—
Transfer agent fees
Class A		109
Class B		14
Class C		27
Class R3		—
Class R4		—
Class Y		—
Distribution fees
Class A		134
Class B		37
Class C		134
Class R3		3
Class R4		1
Custodian fees		—
Accounting services fees		10
Registration and filing fees		100
Board of Directors' fees		3
Audit fees		11
Other expenses		22
Total expenses (before waivers)		1,148
Expense waivers		(81	)
Transfer agent fee waivers		(3	)
Total waivers		(84	)
Total expenses, net		1,064
Net Investment Income		413
Net Realized Gain on Investments and Foreign Currency Transactions:
Net realized gain on investments		8,712
Net realized gain on foreign currency contracts		—
Net realized gain on other foreign currency transactions		—
Net Realized Gain on Investments and Foreign Currency Transactions		8,712
Net Changes in Unrealized Depreciation of Investments:
Net unrealized depreciation of investments		(2,924	)
Net Changes in Unrealized Depreciation of Investments		(2,924	)
Net Gain on Investments and Foreign Currency Transactions		5,788
Net Increase in Net Assets Resulting from Operations	$	6,201

The accompanying notes are an integral part of these financial statements.

12

The Hartford Small/Mid Cap Equity Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	413		$	978
Net realized gain on investments and foreign currency transactions		8,712			13,648
Net unrealized appreciation (depreciation) of investments		(2,924	)		5,667
Net Increase in Net Assets Resulting from Operations		6,201			20,293
Distributions to Shareholders:
From net investment income
Class A		(567	)		(456	)
Class B		(12	)		(19	)
Class C		(67	)		(45	)
Class R3		(7	)		(1	)
Class R4		(2	)		(4	)
Class R5		(3	)		(2	)
Class Y		(3	)		(328	)
Total from net investment income		(661	)		(855	)
From net realized gain on investments
Class A		(6,823	)		—
Class B		(586	)		—
Class C		(1,750	)		—
Class R3		(77	)		—
Class R4		(22	)		—
Class R5		(21	)		—
Class Y		(29	)		—
Total from net realized gain on investments		(9,308	)		—
Total distributions		(9,969	)		(855	)
Capital Share Transactions:
Class A		6,005			(2,281	)
Class B		(949	)		(1,283	)
Class C		2,052			(213	)
Class R3		32			385
Class R4		343			(145	)
Class R5		42			2
Class Y		33			(22,752	)
Net increase (decrease) from capital share transactions		7,558			(26,287	)
Net Increase (Decrease) in Net Assets		3,790			(6,849	)
Net Assets:
Beginning of period		69,208			76,057
End of period	$	72,998		$	69,208
Undistributed (distributions in excess of) net investment income	$	349		$	572

The accompanying notes are an integral part of these financial statements.

13

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Small/Mid Cap Equity Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 5.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

14

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

15

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary which follows the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. 

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

16

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund had no outstanding foreign currency contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

The volume of derivative activity was minimal during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014: 

Risk Exposure Category

Interest Rate Contracts

Foreign Exchange Contracts

Credit Contracts

Equity Contracts

Commodity Contracts

Other Contracts

Total

Realized Gain on Derivatives Recognized as a Result of Operations:

Net realized gain on foreign currency contracts

$

—

$

—

$

—

$

—

$

—

$

—

$

—

Total

$

—

$

—

$

—

$

—

$

—

$

—

$

—

17

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Principal Risks:

The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	4,288	$	855
Long-Term Capital Gains ‡		5,681		—

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

18

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	765
Undistributed Long-Term Capital Gain		6,428
Accumulated Capital and Other Losses*		(5,583	)
Unrealized Appreciation†		8,397
Total Accumulated Earnings	$	10,007

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	25
Accumulated Net Realized Gain (Loss)		(25	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

Year of Expiration	Amount
2017	$	5,583
Total	$	5,583

As a result of mergers in the Fund, certain provisions in the IRC may limit the future utilization of capital losses.  During the year ended October 31, 2014, the Fund utilized $1,862 of prior year capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund

19

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.75%
On next $500 million	0.70%
On next $2 billion	0.65%
On next $2 billion	0.64%
On next $5 billion	0.63%
Over $10 billion	0.62%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.014%
On next $5 billion	0.012%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class R3	Class R4	Class R5	Class Y
1.30%	2.05%	2.05%	1.50%	1.20%	0.90%	0.85%

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $113 and contingent deferred sales charges of $2 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for

20

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R4		36	%		—	%*
Class R5		91			—	*
Class Y		99			—	*

* Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	82,738	$	—	$	82,738
Sales Proceeds		84,603		—		84,603

21

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		630		550		(719	)		461			833		38		(1,072	)		(201	)
Amount	$	8,587	$	7,187	$	(9,769	)	$	6,005		$	10,872	$	440	$	(13,593	)	$	(2,281	)
Class B
Shares		5		46		(121	)		(70	)		11		1		(115	)		(103	)
Amount	$	53	$	574	$	(1,576	)	$	(949	)	$	134	$	18	$	(1,435	)	$	(1,283	)
Class C
Shares		194		141		(168	)		167			139		4		(168	)		(25	)
Amount	$	2,481	$	1,719	$	(2,148	)	$	2,052		$	1,757	$	43	$	(2,013	)	$	(213	)
Class R3
Shares		15		6		(20	)		1			29		—		(2	)		27
Amount	$	226	$	82	$	(276	)	$	32		$	417	$	1	$	(33	)	$	385
Class R4
Shares		24		2		(1	)		25			1		—		(13	)		(12	)
Amount	$	329	$	24	$	(10	)	$	343		$	8	$	3	$	(156	)	$	(145	)
Class R5
Shares		1		2		—			3			—		—		—			—
Amount	$	18	$	24	$	—		$	42		$	—	$	2	$	—		$	2
Class Y
Shares		—		2		—			2			166		28		(1,938	)		(1,744	)
Amount	$	1	$	32	$	—		$	33		$	2,079	$	328	$	(25,159	)	$	(22,752	)
Total
Shares		869		749		(1,029	)		589			1,179		71		(3,308	)		(2,058	)
Amount	$	11,695	$	9,642	$	(13,779	)	$	7,558		$	15,267	$	835	$	(42,389	)	$	(26,287	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		41	$	562
For the Year Ended October 31, 2013		38	$	507

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on

22

The Hartford Small/Mid Cap Equity Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

23

The Hartford Small/Mid Cap Equity Fund

Financial Highlights

	- Selected Per-Share Data - (A)																							- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	14.77	$	0.10		$	1.11	$	1.21	$	(0.14	)	$	(1.95	)	$	(2.09	)	$	13.89		9.22	%	$	54,722		1.41	%		1.30	%		0.75	%
B		14.06		–			1.05		1.05		(0.04	)		(1.95	)		(1.99	)		13.12		8.39			3,119		2.32			2.05			0.01
C		13.94		–			1.03		1.03		(0.06	)		(1.95	)		(2.01	)		12.96		8.39			13,603		2.16			2.05			–
R3		15.10		0.07			1.14		1.21		(0.15	)		(1.95	)		(2.10	)		14.21		8.99			587		1.70			1.50			0.53
R4		15.10		0.11			1.14		1.25		(0.14	)		(1.95	)		(2.09	)		14.26		9.31			516		1.37			1.20			0.81
R5		15.16		0.16			1.14		1.30		(0.19	)		(1.95	)		(2.14	)		14.32		9.62			204		1.05			0.90			1.14
Y		15.14		0.17			1.14		1.31		(0.19	)		(1.95	)		(2.14	)		14.31		9.75			247		0.96			0.85			1.20
For the Year Ended October 31, 2013
A	$	11.21	$	0.19		$	3.50	$	3.69	$	(0.13	)	$	–		$	(0.13	)	$	14.77		33.23	%	$	51,393		1.43	%		1.30	%		1.48	%
B		10.68		0.09			3.34		3.43		(0.05	)		–			(0.05	)		14.06		32.21			4,337		2.35			2.05			0.77
C		10.60		0.09			3.30		3.39		(0.05	)		–			(0.05	)		13.94		32.12			12,315		2.18			2.05			0.73
R3		11.47		0.14			3.61		3.75		(0.12	)		–			(0.12	)		15.10		32.93			598		1.68			1.50			1.05
R4		11.48		0.23			3.55		3.78		(0.16	)		–			(0.16	)		15.10		33.25			172		1.34			1.20			1.75
R5		11.51		0.25			3.58		3.83		(0.18	)		–			(0.18	)		15.16		33.71			169		1.04			0.90			1.87
Y		11.51		0.29			3.53		3.82		(0.19	)		–			(0.19	)		15.14		33.59			224		0.93			0.85			2.33
For the Year Ended October 31, 2012 (D)
A	$	10.10	$	0.08		$	1.03	$	1.11	$	–		$	–		$	–		$	11.21		10.99	%	$	41,266		1.44	%		1.30	%		0.69	%
B		9.69		(0.01	)		1.00		0.99		–			–			–			10.68		10.22			4,391		2.38			2.05			(0.06	)
C		9.62		(0.01	)		0.99		0.98		–			–			–			10.60		10.19			9,624		2.21			2.05			(0.06	)
R3		10.35		0.05			1.07		1.12		–			–			–			11.47		10.82			144		1.65			1.50			0.52
R4		10.36		0.09			1.06		1.15		(0.03	)		–			(0.03	)		11.48		11.11			262		1.35			1.20			0.90
R5		10.36		0.12			1.07		1.19		(0.04	)		–			(0.04	)		11.51		11.48			127		1.03			0.90			1.11
Y		10.36		0.23			0.96		1.19		(0.04	)		–			(0.04	)		11.51		11.49			20,243		0.90			0.85			1.01
For the Year Ended October 31, 2011
A	$	9.37	$	0.03		$	0.73	$	0.76	$	(0.03	)	$	–		$	(0.03	)	$	10.10		8.09	%	$	44,655		1.36	%		1.30	%		0.27	%
B		9.04		(0.05	)		0.70		0.65		–			–			–			9.69		7.19			4,821		2.31			2.05			(0.47	)
C		8.97		(0.05	)		0.70		0.65		–			–			–			9.62		7.25			9,702		2.13			2.05			(0.48	)
R3(E)		9.13		–			1.22		1.22		–			–			–			10.35		13.36	(F)		113		1.61	(G)		1.50	(G)		( 0.40	)(G)
R4(E)		9.13		–			1.23		1.23		–			–			–			10.36		13.47	(F)		113		1.31	(G)		1.20	(G)		( 0.12	)(G)
R5(E)		9.13		–			1.23		1.23		–			–			–			10.36		13.47	(F)		114		1.01	(G)		0.90	(G)		0.17	(G)
Y		9.60		0.07			0.76		0.83		(0.07	)		–			(0.07	)		10.36		8.61			88,130		0.87			0.85			0.68

See Portfolio Turnover information on the next page.

24

The Hartford Small/Mid Cap Equity Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																				- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income		Distribu- tions from Realized Capital Gains		Total Dividends and Distributions		Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010
A	$	7.49	$	0.02		$	1.86	$	1.88	$	–	$	–	$	–	$	9.37		25.10	%	$	46,068		1.45	%		1.31	%		0.19	%
B		7.27		(0.05	)		1.82		1.77		–		–		–		9.04		24.35			5,420		2.39			2.06			(0.55	)
C		7.21		(0.04	)		1.80		1.76		–		–		–		8.97		24.41			10,025		2.22			2.06			(0.56	)
Y		7.64		0.05			1.91		1.96		–		–		–		9.60		25.65			42,540		0.89			0.87			0.65

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable.

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

(E) Commenced operations on September 30, 2011.

(F) Not annualized.

(G) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		116	%
For the Year Ended October 31, 2013		140
For the Year Ended October 31, 2012		121
For the Year Ended October 31, 2011		202
For the Year Ended October 31, 2010		399	(A)

(A) During the year ended October 31, 2010, the Fund incurred $45.6 million in purchases associated with the transition of assets from The Hartford Select MidCap Value Fund, which merged into the Fund on February 19, 2010. These purchases are excluded from the portfolio turnover calculation.

25

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Small/Mid Cap Equity Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Small/Mid Cap Equity Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

26

The Hartford Small/Mid Cap Equity Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

27

The Hartford Small/Mid Cap Equity Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

28

The Hartford Small/Mid Cap Equity Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

29

The Hartford Small/Mid Cap Equity Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

30

The Hartford Small/Mid Cap Equity Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,028.90	$	6.65	$	1,000.00	$	1,018.65	$	6.62		1.30	%	184	365
Class B	$	1,000.00	$	1,025.00	$	10.46	$	1,000.00	$	1,014.87	$	10.41		2.05		184	365
Class C	$	1,000.00	$	1,024.50	$	10.46	$	1,000.00	$	1,014.87	$	10.41		2.05		184	365
Class R3	$	1,000.00	$	1,027.50	$	7.67	$	1,000.00	$	1,017.64	$	7.63		1.50		184	365
Class R4	$	1,000.00	$	1,028.90	$	6.14	$	1,000.00	$	1,019.15	$	6.11		1.20		184	365
Class R5	$	1,000.00	$	1,030.20	$	4.61	$	1,000.00	$	1,020.67	$	4.59		0.90		184	365
Class Y	$	1,000.00	$	1,031.00	$	4.35	$	1,000.00	$	1,020.92	$	4.33		0.85		184	365

31

The Hartford Small/Mid Cap Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Small/Mid Cap Equity Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

32

The Hartford Small/Mid Cap Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio manager, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio manager, the number of accounts managed by the portfolio manager, and the Sub-adviser’s method for compensating the portfolio manager.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1- and 3-year periods and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

33

The Hartford Small/Mid Cap Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 1^st quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale, although the Board noted that the Fund’s current low asset levels have kept the Fund from fully realizing this benefit. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

34

The Hartford Small/Mid Cap Equity Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered benefits to the Sub-adviser from its use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

35

The Hartford Small/Mid Cap Equity Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Small/Mid-Cap Stock Risk: Small- and mid-cap stocks are generally more volatile and risky and may be less liquid than large-cap stocks because they may have limited operating histories, narrow product lines, and focus on niche markets.

Quantitative Analysis Risk: The Fund uses quantitative analysis in its securities selection; securities selected by this method may perform differently from the broader stock market.

Foreign Investment Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

36

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-SMC14 12/14 113999-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD STRATEGIC INCOME FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Strategic Income Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	27
Statement of Operations for the Year Ended October 31, 2014	29
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	30
Notes to Financial Statements	31
Financial Highlights	50
Report of Independent Registered Public Accounting Firm	52
Directors and Officers (Unaudited)	53
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	55
Quarterly Portfolio Holdings Information (Unaudited)	55
Federal Tax Information (Unaudited)	56
Expense Example (Unaudited)	57
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	58
Main Risks (Unaudited)	62

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Strategic Income Fund inception 05/31/2007

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to provide current income and long-term total return.

Performance Overview 5/31/07 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			Since      Inception▲
Strategic Income A#		5.06	%		6.82	%		5.08	%
Strategic Income A##		0.33	%		5.84	%		4.43	%
Strategic Income B#		4.25	%		6.00	%		4.25	%
Strategic Income B##		-0.75	%		5.68	%		4.25	%
Strategic Income C#		4.26	%		6.05	%		4.32	%
Strategic Income C##		3.26	%		6.05	%		4.32	%
Strategic Income I#		5.32	%		7.11	%		5.38	%
Strategic Income R3#		4.64	%		6.75	%		5.54	%
Strategic Income R4#		5.06	%		6.96	%		5.69	%
Strategic Income R5#		5.38	%		7.16	%		5.82	%
Strategic Income Y#		5.55	%		7.20	%		5.85	%
Barclays U.S. Aggregate Bond Index		4.14	%		4.22	%		5.16	%

▲ Inception: 05/31/2007

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments.

Class Y shares commenced operations on 8/31/07. Class R3, R4 and R5 shares commenced operations on 9/30/11. Performance prior to that date is that of the Fund’s Class Y shares which had different operating expenses. Accordingly, the “Since Inception” performance shown for Class Y, R3, R4 and R5 is since the commencement of operations of Class Y shares, 8/31/07.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of April 2, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.

2

The Hartford Strategic Income Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Strategic Income Class A		0.95	%		0.99	%
Strategic Income Class B		1.70	%		1.79	%
Strategic Income Class C		1.69	%		1.69	%
Strategic Income Class I		0.70	%		0.70	%
Strategic Income Class R3		1.25	%		1.39	%
Strategic Income Class R4		0.95	%		1.03	%
Strategic Income Class R5		0.65	%		0.71	%
Strategic Income Class Y		0.60	%		0.61	%

* As shown in the Fund's prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014. Net expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014 and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date. However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Managers
Campe Goodman, CFA	Lucius T. Hill, III	Joseph F. Marvan, CFA
Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Strategic Income Fund returned 5.06%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the Barclays U.S. Aggregate Bond Index, which returned 4.14% for the same period. The Fund also outperformed the 4.45% average return of the Lipper Multi-Sector Income Funds peer group, a group of funds that seek current income by allocating assets among several different fixed income securities sectors (with no more than 65% in any one sector except for defensive purposes), including U.S. government and foreign governments, with a significant portion of assets in securities rated below investment-grade.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter market fears that a change from a historical inflationary environment would be delayed. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter gross domestic product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, allowing the Fed to maintain an accommodative stance.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

During the period, we continued to position the Fund with an overweight to credit sectors, including high yield credit, bank loans, and emerging market debt. Security selection within high yield credit, specifically industrials, and an out-of-benchmark allocation to bank loans represented the top contributors to benchmark-relative outperformance as higher yielding securities embraced the Fed’s forward guidance that continued to be accommodating and improving U.S. economic data. We tactically managed exposures to investment grade credit and high yield through credit default swap index exposure which contributed positively to performance overall.

3

The Hartford Strategic Income Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

The Fund’s allocation to bank loans, emphasizing the high and middle quality portions of the market, was based on strong credit fundamentals and reasonable valuations. The bank loan sector generated strong performance for the period and contributed significantly to benchmark-relative results. Mortgage Backed Securities (MBS) exposure, particularly an allocation to non-agency MBS, and Commercial Mortgage Backed Securities (CMBS) also contributed to the Fund’s relative performance. The Fund’s overweight to emerging markets debt also contributed significantly to relative results over the period. Positive relative results were partially offset by an allocation to developed non-U.S. dollar denominated debt, which detracted from relative results as the dollar strengthened over the period. Additionally, security selection within taxable municipals and an underweight to investment grade industrials detracted from relative returns over the period. Finally, an overweight to the 5-year portion of the yield curve detracted from relative performance, as 5-year U.S. Treasury rates rose over the twelve-month period.

What is the outlook?

At the end of the period, we maintained a moderately pro-cyclical risk posture as we see continued positive U.S. economic momentum, underpinned by still supportive monetary policy, improved investment spending, and much less fiscal drag compared to 2013. We continue to maintain a favorable outlook on global high yield based on low default expectations and positive corporate fundamentals. Within bank loans, we believe that overall credit fundamentals remain strong despite some lower-quality first-time issuers entering the market. We expect short-term interest rates to move higher as the Fed shifts to tighter U.S. monetary policy.

At the end of the period, we maintained underweights to the front-end and long-end of the yield curve and maintained a structural emphasis on higher income-producing sectors such as bank loans, emerging market debt, non-agency MBS, CMBS, and high yield.

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Aaa/ AAA		11.0	%
Aa/ AA		3.3
A		0.8
Baa/ BBB		24.7
Ba/ BB		23.1
B		19.2
Caa/ CCC or Lower		13.2
Not Rated		6.4
Non-Debt Securities and Other Short-Term Instruments		8.1
Other Assets and Liabilities		(9.8	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.1	%
Preferred Stocks		0.1
Total		0.2	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		14.1	%
Corporate Bonds		21.5
Foreign Government Obligations		30.4
Municipal Bonds		0.8
Senior Floating Rate Interests		23.4
U.S. Government Agencies		10.4
U.S. Government Securities		1.0
Total		101.6	%
Short-Term Investments		8.0
Purchased Options		0.0
Other Assets and Liabilities		(9.8	)
Total		100.0	%

4

The Hartford Strategic Income Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 14.1%
		Finance and Insurance - 14.1%
		American Home Mortgage Assets Trust
$	467	0.28%, 03/25/2047 ‡Δ	$	380
	844	1.06%, 10/25/2046 ‡Δ		615
		Banc of America Funding Corp.
	671	0.35%, 10/20/2036 ‡Δ		478
	225	5.85%, 01/25/2037 ‡		182
		Banc of America Mortgage Securities
	413	2.69%, 09/25/2035 Δ		390
		BCAP LLC Trust
	800	0.32%, 01/25/2037 ‡Δ		602
	794	0.33%, 03/25/2037 ‡Δ		641
	664	0.36%, 05/25/2047 ‡Δ		492
		Bear Stearns Adjustable Rate Mortgage Trust
	950	2.43%, 10/25/2035 ‡Δ		935
		Bear Stearns Alt-A Trust
	277	0.47%, 08/25/2036 Δ		209
		Cent CLO L.P.
	1,235	1.71%, 08/01/2024 ■Δ		1,231
		Chase Mortgage Finance Corp.
	1,050	5.50%, 11/25/2035 ‡		1,037
		Commercial Mortgage Trust
	2,685	4.50%, 03/10/2046 ■‡Δ		1,801
		Countrywide Alternative Loan Trust
	768	0.47%, 11/25/2035 ‡Δ		619
	1,789	5.75%, 05/25/2036		1,523
		Countrywide Home Loans, Inc.
	1,291	2.58%, 09/25/2047 Δ		1,149
	1,304	5.75%, 08/25/2037		1,248
		Deutsche Alt-A Securities, Inc. Mortgage
	855	0.27%, 08/25/2036 Δ		664
	437	0.30%, 03/25/2037 ‡Δ		298
		Downey S & L Association Mortgage Loan Trust
	386	1.04%, 03/19/2046 ‡Δ		298
		First Franklin Mortgage Loan Trust
	1,155	0.39%, 04/25/2036 ‡Δ		747
		First Horizon Alternative Mortgage Securities
	2,194	2.21%, 04/25/2036 ‡Δ		1,833
	1,957	2.24%, 09/25/2035 ‡Δ		1,709
		First Horizon Mortgage Pass-Through Trust
	174	2.56%, 08/25/2037 Δ		144
		GMAC Mortgage Corp. Loan Trust
	1,137	2.93%, 09/19/2035 Δ		1,063
	154	2.95%, 04/19/2036 Δ		136
		GS Mortgage Securities Trust
	465	3.67%, 04/10/2047 ■Δ		319
	1,795	5.02%, 11/10/2045 ■‡Δ		1,762
		GSAA Home Equity Trust
	938	0.22%, 12/25/2046 ╦Δ		533
	1,993	0.23%, 02/25/2037 ‡Δ		1,085
	1,115	0.32%, 03/25/2047 ΔΘ		583
	652	5.88%, 09/25/2036 ‡		367
		GSAMP Trust
	2,162	0.24%, 01/25/2037 ╦Δ		1,293
		GSR Mortgage Loan Trust
	172	2.67%, 10/25/2035 Δ		152
	1,676	2.74%, 01/25/2036 Δ		1,552
	1,312	2.78%, 04/25/2035 ╦Δ		1,274
		Harborview Mortgage Loan Trust
	1,553	0.38%, 05/19/2047 ╦Δ		608
	4,313	0.40%, 12/19/2036 ╦Δ		3,052
	951	0.49%, 09/19/2035 ╦Δ		733
		Hilton USA Trust
	1,395	3.91%, 11/05/2030 ■╦Δ		1,395
		Home Equity Loan Trust
	562	2.45%, 11/25/2035 ╦Δ		528
		IMPAC Commercial Mortgage Backed Trust
	119	1.65%, 02/25/2036 Δ		116
		IMPAC Secured Assets Trust
	2,309	0.43%, 08/25/2036 ╦Δ		1,761
		IndyMac Index Mortgage Loan Trust
	569	0.43%, 07/25/2035 ╦Δ		485
	352	0.44%, 01/25/2036 ╦Δ		243
	1,949	0.55%, 07/25/2046 ╦Δ		957
		JP Morgan Chase Commercial Mortgage Securities Corp.
	206	2.75%, 10/15/2045 ■		156
	485	4.57%, 12/15/2047 ■╦Δ		412
		JP Morgan Mortgage Trust
	391	2.54%, 09/25/2035 Δ		376
	499	2.56%, 08/25/2036 ╦Δ		436
	624	2.71%, 05/25/2036 ╦Δ		567
		Lehman XS Trust
	555	0.36%, 07/25/2046 Δ		440
	215	0.39%, 06/25/2047 Δ		144
	112	1.00%, 09/25/2047 Δ		91
		Merrill Lynch Mortgage Investors Trust
	449	2.52%, 07/25/2035 ╦Δ		372
		Morgan Stanley ABS Capital I
	1,201	0.30%, 06/25/2036 ╦Δ		923
		Morgan Stanley BAML Trust
	390	4.50%, 08/15/2045 ■		297
		Morgan Stanley Mortgage Loan Trust
	1,280	0.32%, 05/25/2036 - 11/25/2036 ╦Δ		610
		RBSGC Mortage Pass Through Certificates
	695	6.25%, 01/25/2037 ╦		651
		Residential Accredit Loans, Inc.
	274	0.92%, 09/25/2046 Δ		184
	2,470	1.41%, 11/25/2037 ╦Δ		1,572
		Residential Asset Securitization Trust
	870	0.60%, 03/25/2035 Δ		672
		Residential Funding Mortgage Securities, Inc.
	135	3.05%, 04/25/2037 Δ		118
		Sequoia Mortgage Trust
	295	0.43%, 01/20/2035 ╦Δ		282
	73	2.52%, 07/20/2037 Δ		59
		Soundview Home Equity Loan Trust, Inc.
	1,566	0.39%, 07/25/2036 ╦Δ		912
		SpringCastle America Funding LLC
	1,550	2.70%, 05/25/2023 ■		1,551
		Springleaf Mortgage Loan Trust
	1,035	3.52%, 12/25/2065 ■		1,056
		Structured Adjustable Rate Mortgage Loan Trust
	2,189	2.48%, 02/25/2036 Δ		1,749
		Structured Agency Credit Risk Debt Notes
	280	4.90%, 10/25/2024 Δ		281
		Structured Asset Mortgage Investments, Inc.
	1,707	0.38%, 02/25/2036 ╦Δ		1,391
		UBS-Barclays Commercial Mortgage Trust
	240	4.23%, 03/10/2046 ■Δ		200

The accompanying notes are an integral part of these financial statements.

5

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 14.1% - (continued)
		Finance and Insurance - 14.1% - (continued)
		VNO Mortgage Trust
$	710	4.08%, 12/13/2029 ■Δ	$	717
		Wells Fargo Alternative Loan Trust
	249	2.60%, 12/28/2037 Δ		200
	260	6.25%, 11/25/2037		246
		Wells Fargo Mortgage Backed Securities Trust
	446	2.49%, 09/25/2036 ╦Δ		414
	1,387	2.61%, 04/25/2036 Δ		1,353
	158	5.21%, 10/25/2035 ╦Δ		157
		WF-RBS Commercial Mortgage Trust
	1,750	4.96%, 11/15/2045 ■╦Δ		1,534
	366	5.00%, 06/15/2044 - 04/15/2045 ■╦		307
				59,652
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $56,108)	$	59,652
Corporate Bonds - 21.5%
		Accommodation and Food Services - 0.1%
		Choice Hotels International, Inc.
$	420	5.75%, 07/01/2022 ‡	$	453
		Administrative, Support, Waste Management and Remediation Services - 0.3%
		ADT (The) Corp.
	875	6.25%, 10/15/2021		919
		Clean Harbors, Inc.
	60	5.13%, 06/01/2021 ‡		61
	121	5.25%, 08/01/2020 ‡		124
		Equinix, Inc.
	45	4.88%, 04/01/2020 ‡		46
	135	5.38%, 04/01/2023 ‡		139
				1,289
		Arts, Entertainment and Recreation - 0.7%
		CCO Holdings LLC
	30	5.13%, 02/15/2023 ‡		30
	335	5.25%, 09/30/2022 ‡		337
	70	5.75%, 09/01/2023 ‡		72
		Gannett Co., Inc.
	200	4.88%, 09/15/2021 ■		201
	1,100	5.13%, 10/15/2019 - 07/15/2020 ╦		1,143
		Grupo Televisa S.A.B.
	365	5.00%, 05/13/2045 ╦		363
		NBC Universal Enterprise
	440	5.25%, 12/19/2049 ■╦		458
		Numericable Group S.A.
	235	4.88%, 05/15/2019 ■		235
				2,839
		Chemical Manufacturing - 0.2%
		Eagle Spinco, Inc.
	400	4.63%, 02/15/2021		388
		NOVA Chemicals Corp.
	560	5.00%, 05/01/2025 ■		578
				966
		Construction - 0.2%
		Lennar Corp.
	600	4.50%, 06/15/2019 ╦		611
		Ryland Group, Inc.
	231	5.38%, 10/01/2022		226
				837
		Electrical Equipment and Appliance Manufacturing - 0.0%
		Sensata Technologies B.V.
	35	5.63%, 11/01/2024 ■		37
		Finance and Insurance - 10.3%
		AerCap Ireland Capital Ltd.
	700	4.50%, 05/15/2021 ■‡		707
		AXA S.A.
	1,330	6.46%, 12/14/2018 ■‡♠Δ		1,389
		Banco Bilbao Vizcaya Argentaria S.A.
EUR	2,200	7.00%, 12/29/2049 §		2,828
	1,200	9.00%, 05/09/2018 §♠		1,297
		Banco do Brasil
	1,050	6.25%, 04/15/2024 §♠		824
		Banco Santander S.A.
EUR	3,000	6.25%, 03/12/2049 - 09/11/2049 ╦§		3,678
		Bank of Ireland
EUR	775	10.00%, 07/30/2016 §		1,049
		Barclays Bank plc
EUR	925	8.00%, 12/15/2049		1,203
	1,050	8.25%, 12/15/2018 ♠β		1,084
		CIT Group, Inc.
	1,017	5.50%, 02/15/2019 ■‡		1,085
		Citigroup, Inc.
	310	6.68%, 09/13/2043 ‡		394
		CNH Industrial Capital LLC
	30	3.38%, 07/15/2019 ■		29
		Credit Agricole S.A.
EUR	1,050	6.50%, 06/23/2049 §		1,338
	435	6.63%, 09/23/2019 ■♠Δ		425
		Credit Suisse Group AG
EUR	475	5.75%, 09/18/2025 §		662
	990	6.25%, 12/18/2024 ■♠Δ		963
	675	7.88%, 02/24/2041 §		720
		Development Bank of Kazakhstan JSC
	525	4.13%, 12/10/2022 ╦§		497
		HSBC Holdings plc
	450	5.25%, 03/14/2044 ╦		489
	675	5.63%, 01/17/2020 ╦♠		686
	600	6.38%, 09/17/2024 ╦♠		612
		JP Morgan Chase & Co.
	2,345	5.63%, 08/16/2043 ╦		2,677
		KBC Groep N.V.
EUR	575	5.63%, 03/19/2019 §♠		706
		Lloyds Banking Group plc
EUR	1,825	6.38%, 06/27/2049 §		2,361
GBP	750	7.00%, 12/29/2049 §		1,198
		Mapfre S.A.
EUR	1,450	5.92%, 07/24/2037		1,931
		Minerva Luxembourg S.A.
	560	7.75%, 01/31/2023 ■╦		585
		Nationwide Building Society
GBP	1,525	6.88%, 03/11/2049 §		2,385
		Navient Corp.
	340	5.50%, 01/15/2019 ╦		352
	400	7.25%, 01/25/2022		447
	490	8.45%, 06/15/2018 ╦		560

The accompanying notes are an integral part of these financial statements.

6

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 21.5% - (continued)
		Finance and Insurance - 10.3% - (continued)
		SBA Tower Trust
$	1,355	3.60%, 04/15/2043 ■╦	$	1,364
		Societe Generale
	785	6.00%, 01/27/2020 ■♠		740
EUR	650	6.75%, 04/07/2049 §		818
	2,350	8.25%, 11/29/2018 ╦§♠		2,483
		UniCredit S.p.A.
	500	8.00%, 06/03/2024 §♠		501
		Vnesheconombank Via VEB Finance plc
	300	5.94%, 11/21/2023 §		283
		VTB Capital S.A.
	1,525	6.88%, 05/29/2018 ╦§		1,556
		Yasar Holdings
	930	8.88%, 05/06/2020 ■☼		930
				43,836
		Food Manufacturing - 0.7%
		ESAL GmbH
	825	6.25%, 02/05/2023 §		841
		Grupo Bimbo S.A.B. de C.V.
	2,125	4.88%, 06/27/2044 ■		2,084
				2,925
		Health Care and Social Assistance - 0.7%
		Community Health Systems, Inc.
	405	5.13%, 08/01/2021 ‡		423
		HCA, Inc.
	305	4.75%, 05/01/2023 ╦		310
	500	6.50%, 02/15/2020 ╦		558
		Tenet Healthcare Corp.
	1,380	6.00%, 10/01/2020 ╦		1,484
		Wellcare Health Plans, Inc.
	175	5.75%, 11/15/2020 ╦		180
				2,955
		Information - 2.1%
		Activision Blizzard, Inc.
	1,390	5.63%, 09/15/2021 ■‡		1,478
		Audatex North America, Inc.
	585	6.00%, 06/15/2021 ■‡		619
		DISH DBS Corp.
	350	6.75%, 06/01/2021 ‡		388
	425	7.88%, 09/01/2019 ‡		494
		MTS International Funding Ltd.
	1,040	5.00%, 05/30/2023 ■╦		932
		Sprint Communications, Inc.
	799	7.00%, 03/01/2020 ■╦		891
	451	9.00%, 11/15/2018 ■╦		531
		T-Mobile USA, Inc.
	315	5.25%, 09/01/2018 ╦		327
	85	6.13%, 01/15/2022		88
	400	6.46%, 04/28/2019 ╦		417
	160	6.63%, 04/28/2021 ╦		169
	195	6.73%, 04/28/2022 ╦		206
		Videotron Ltd.
	750	5.38%, 06/15/2024 ■		772
		VimpelCom Holdings B.V.
	1,285	5.95%, 02/13/2023 ■╦		1,181
		Wind Acquisition Finance S.A.
	350	4.75%, 07/15/2020 ■		342
				8,835
		Machinery Manufacturing - 0.1%
		Case New Holland Industrial, Inc.
	585	7.88%, 12/01/2017 ‡		657
		Mining - 0.9%
		ABJA Investment Co. Pte Ltd.
	2,035	5.95%, 07/31/2024 §		2,068
		FMG Resources Aug 2006
	396	6.88%, 04/01/2022 ■‡		409
		Peabody Energy Corp.
	40	6.00%, 11/15/2018		39
	860	6.50%, 09/15/2020 ╦		819
		Steel Dynamics, Inc.
	145	5.13%, 10/01/2021 ■		150
	155	5.50%, 10/01/2024 ■		164
				3,649
		Motor Vehicle and Parts Manufacturing - 0.1%
		General Motors Co.
	360	6.25%, 10/02/2043 ╦		428
		Nonmetallic Mineral Product Manufacturing - 0.5%
		Grupo Cementos Chihuahua
	1,180	8.13%, 02/08/2020 ■		1,288
		Union Andina de Cementos SAA
	710	5.88%, 10/30/2021 ■		721
				2,009
		Other Services - 0.1%
		Cardtronics, Inc.
	315	5.13%, 08/01/2022 ■‡		313
		Paper Manufacturing - 0.2%
		Clearwater Paper Corp.
	315	5.38%, 02/01/2025 ■‡		319
		Graphic Packaging International
	390	4.88%, 11/15/2022 ☼		392
				711
		Petroleum and Coal Products Manufacturing - 1.5%
		California Resources Corp.
	50	5.00%, 01/15/2020 ■		51
	125	5.50%, 09/15/2021 ■		127
	85	6.00%, 11/15/2024 ■		87
		Concho Resources, Inc.
	115	6.50%, 01/15/2022		124
		Denbury Resources, Inc.
	765	5.50%, 05/01/2022 ‡		753
		EDC Finance Ltd.
	1,115	4.88%, 04/17/2020 ■		1,009
		Harvest Operations Corp.
	181	6.88%, 10/01/2017 ╦		185
		KazMunayGas National Co. JSC
	980	11.75%, 01/23/2015 ╦§		1,000
		MEG Energy Corp.
	375	7.00%, 03/31/2024 ■		377
		Pertamina Persero PT
	900	5.63%, 05/20/2043 ╦§		862
		Tesoro Corp.
	455	5.13%, 04/01/2024		456
		Tesoro Logistics L.P.
	230	5.50%, 10/15/2019 ■		237
	350	6.25%, 10/15/2022 ■		362

The accompanying notes are an integral part of these financial statements.

7

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 21.5% - (continued)
		Petroleum and Coal Products Manufacturing - 1.5% - (continued)
		WPX Energy, Inc.
$	260	5.25%, 09/15/2024 ☼	$	254
	425	6.00%, 01/15/2022		445
				6,329
		Pipeline Transportation - 0.9%
		El Paso Corp.
	305	7.00%, 06/15/2017 ‡		339
		Energy Transfer Equity L.P.
	2,125	5.95%, 10/01/2043 ‡		2,348
	1,005	7.50%, 10/15/2020 ‡		1,156
		Kinder Morgan Finance Co.
	10	6.00%, 01/15/2018 ■		11
		Southern Star Central Corp.
	70	5.13%, 07/15/2022 ■		71
				3,925
		Primary Metal Manufacturing - 0.2%
		ArcelorMittal
	515	5.75%, 08/05/2020		547
		United States Steel Corp.
	260	7.38%, 04/01/2020 ╦		291
				838
		Rail Transportation - 0.1%
		Kazakhstan Temir Zholy Finance B.V.
	385	6.95%, 07/10/2042 ╦§		429
		Real Estate, Rental and Leasing - 0.1%
		International Lease Finance Corp.
	490	5.88%, 04/01/2019 - 08/15/2022 ╦		529
				529
		Retail Trade - 0.9%
		Arcelik AS
	995	5.00%, 04/03/2023 ■		940
		Building Materials Corp.
	440	5.38%, 11/15/2024 ■☼		441
	174	6.75%, 05/01/2021 ■‡		187
	141	7.50%, 03/15/2020 ■‡		149
		Group 1 Automotive, Inc.
	285	5.00%, 06/01/2022 ■		282
		Sally Holdings LLC
	80	5.75%, 06/01/2022		85
		Sotheby's
	820	5.25%, 10/01/2022 ■╦		804
		William Carter Co.
	950	5.25%, 08/15/2021 ╦		979
				3,867
		Transportation Equipment Manufacturing - 0.1%
		Huntington Ingalls Industries, Inc.
	405	7.13%, 03/15/2021 ╦		435
		Utilities - 0.5%
		AES (The) Corp.
	1,100	8.00%, 06/01/2020 ‡		1,277
		Dolphin Subsidiary II, Inc.
	265	7.25%, 10/15/2021 ‡		282
		NRG Energy, Inc.
	375	6.25%, 07/15/2022		392
				1,951
		Total Corporate Bonds
		(Cost $91,556)	$	91,042
Foreign Government Obligations - 30.4%
		Angola - 0.2%
		Angola (Republic of)
$	775	7.00%, 08/16/2019 §	$	828
		Argentina - 0.5%
		Argentina (Republic of)
	415	0.00%, 04/17/2017 ●		368
	2,175	8.75%, 06/02/2017		1,914
				2,282
		Armenia - 0.2%
		Armenia (Republic of)
	800	6.00%, 09/30/2020 §		836
		Austria - 0.1%
		Austria (Republic of)
EUR	180	1.75%, 10/20/2023 ■	$	242
EUR	225	1.95%, 06/18/2019 ■		305
				547
		Azerbaijan - 0.3%
		Azerbaijan (Republic of)
	1,140	4.75%, 03/13/2023 §		1,132
		Belgium - 0.2%
		Belgium (Kingdom of)
EUR	515	1.25%, 06/22/2018 §		672
EUR	250	2.60%, 06/22/2024 ■		356
				1,028
		Brazil - 2.9%
		Brazil (Federative Republic of)
	1,540	5.00%, 01/27/2045 ‡		1,509
	571	5.63%, 01/07/2041 ‡		618
	400	5.88%, 01/15/2019 ‡		452
	721	8.00%, 01/15/2018 ‡		798
	2,195	8.25%, 01/20/2034 ‡		3,040
BRL	9,190	9.70%, 09/01/2020 ○		2,382
	800	11.00%, 08/17/2040 ‡		864
	1,295	12.25%, 03/06/2030 ‡		2,428
				12,091
		Colombia - 1.8%
		Colombia (Republic of)
	1,350	4.38%, 07/12/2021 ‡		1,440
	565	5.63%, 02/26/2044 ‡		631
	1,055	6.13%, 01/18/2041 ‡		1,266
	1,245	7.38%, 09/18/2037 ‡		1,677
	430	8.13%, 05/21/2024 ‡		573
	1,295	11.75%, 02/25/2020 ‡		1,842
				7,429
		Costa Rica - 0.2%
		Costa Rica (Republic of)
	1,175	5.63%, 04/30/2043 §		1,028

The accompanying notes are an integral part of these financial statements.

8

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Foreign Government Obligations - 30.4% - (continued)
		Denmark - 0.1%
		Denmark (Kingdom of)
DKK	1,745	4.00%, 11/15/2019	$	350
		Dominican Republic - 0.2%
		Dominican (Republic of)
DOP	30,000	11.50%, 05/10/2024 ■		699
		Finland - 0.1%
		Finland (Republic of)
EUR	150	1.13%, 09/15/2018 ■		196
EUR	90	1.50%, 04/15/2023 ■		119
				315
		France - 0.6%
		France (Government of)
EUR	1,850	1.00%, 11/25/2018 ╦		2,398
		Hungary - 0.8%
		Hungary (Republic of)
	784	5.38%, 02/21/2023		843
	296	5.75%, 11/22/2023		326
	360	6.25%, 01/29/2020		404
	444	6.38%, 03/29/2021		504
	966	7.63%, 03/29/2041		1,248
				3,325
		Iceland - 0.1%
		Iceland (Republic of)
	250	5.88%, 05/11/2022 §		282
		Indonesia - 2.5%
		Indonesia (Republic of)
	1,440	4.88%, 05/05/2021 ╦§		1,539
	710	6.63%, 02/17/2037 §		829
	965	6.75%, 01/15/2044 §		1,183
	2,155	6.88%, 01/17/2018 ╦§		2,433
	1,800	7.75%, 01/17/2038 ╦§		2,369
IDR	14,400,000	8.38%, 03/15/2024		1,217
	860	8.50%, 10/12/2035 §		1,200
				10,770
		Ireland - 0.1%
		Ireland (Republic of)
EUR	80	3.40%, 03/18/2024 §		115
EUR	230	4.50%, 10/18/2018		333
				448
		Italy - 0.5%
		Italy (Republic of)
EUR	1,650	1.50%, 08/01/2019 ╦		2,097
		Japan - 0.8%
		Japan (Government of)
JPY	306,750	0.30%, 03/20/2017 - 09/20/2018 ╦		2,751
JPY	50,000	1.10%, 03/20/2021		471
				3,222
		Latvia - 0.5%
		Latvia (Republic of)
	1,900	5.25%, 02/22/2017 - 06/16/2021 §		2,100
				2,100
		Lithuania - 0.6%
		Lithuania (Republic of)
	1,305	6.13%, 03/09/2021 ╦§		1,520
	725	6.75%, 01/15/2015 §		733
	150	7.38%, 02/11/2020 §		182
				2,435
		Malaysia - 0.1%
		Malaysia (Government of)
MYR	1,620	4.26%, 09/15/2016		499
		Mexico - 2.6%
		Mexico (United Mexican States)
	580	3.50%, 01/21/2021		596
MXN	25,247	4.00%, 06/13/2019 ◄╦		2,071
	3,126	4.75%, 03/08/2044 ╦		3,174
	2,272	5.75%, 10/12/2110 ╦		2,406
	1,290	6.05%, 01/11/2040 ╦		1,558
MXN	2,238	6.50%, 06/09/2022 ╦		174
	830	6.75%, 09/27/2034		1,072
MXN	1,749	8.00%, 06/11/2020		147
				11,198
		Netherlands - 0.3%
		Netherlands (Government of)
EUR	700	1.25%, 01/15/2019 ■		919
EUR	195	2.00%, 07/15/2024		267
				1,186
		Nigeria - 0.5%
		Nigeria (Republic of)
NGN	330,000	13.05%, 08/16/2016		2,020
		Norway - 0.0%
		Norway (Kingdom of)
NOK	955	3.75%, 05/25/2021		160
		Panama - 0.3%
		Panama (Republic of)
	870	8.88%, 09/30/2027		1,246
		Peru - 0.5%
		Peru (Republic of)
	1,450	8.75%, 11/21/2033 ╦		2,229
		Philippines - 1.2%
		Philippines (Republic of)
	580	5.50%, 03/30/2026		677
	945	6.38%, 01/15/2032		1,210
	2,035	10.63%, 03/16/2025 ╦		3,220
				5,107
		Poland - 0.1%
		Poland (Republic of)
PLN	205	4.00%, 10/25/2023		68
PLN	1,100	5.25%, 10/25/2017		359
				427
		Romania - 0.7%
		Romania (Republic of)
	610	4.38%, 08/22/2023 ╦§		635
	1,116	6.13%, 01/22/2044 ╦§		1,307
	1,026	6.75%, 02/07/2022 §		1,229
				3,171

The accompanying notes are an integral part of these financial statements.

9

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Foreign Government Obligations - 30.4% - (continued)
		Russia - 4.0%
		Russia (Federation of)
$	1,400	3.25%, 04/04/2017 ╦§	$	1,404
	3,400	3.63%, 04/29/2015 ╦§		3,413
	3,000	4.88%, 09/16/2023 ╦§		3,005
	1,900	5.00%, 04/29/2020 ╦§		1,957
RUB	47,200	7.50%, 02/27/2019 Δ		1,006
	3,452	7.50%, 03/31/2030 ╦§		3,916
	1,450	12.75%, 06/24/2028 ╦§		2,389
				17,090
		Singapore - 0.1%
		Singapore (Republic of)
SGD	400	3.75%, 09/01/2016		330
		Slovenia - 0.1%
		Slovenia (Republic of)
	385	5.85%, 05/10/2023		432
		South Africa - 0.4%
		South Africa (Republic of)
ZAR	18,175	7.75%, 02/28/2023		1,654
ZAR	790	8.00%, 01/31/2030		70
				1,724
		Spain - 0.6%
		Spain (Kingdom of)
EUR	50	2.75%, 10/31/2024 ■		66
EUR	1,215	4.50%, 01/31/2018 ╦		1,702
EUR	560	5.50%, 04/30/2021		883
				2,651
		Sweden - 0.1%
		Sweden (Kingdom of)
SEK	2,615	3.75%, 08/12/2017		390
		Switzerland - 0.1%
		Switzerland (Government of)
CHF	50	2.00%, 05/25/2022 §		59
CHF	145	3.00%, 01/08/2018 §		165
				224
		Turkey - 2.9%
		Turkey (Republic of)
	2,020	5.13%, 03/25/2022 ╦		2,147
	2,184	6.00%, 01/14/2041 ╦		2,420
	2,472	6.75%, 04/03/2018 - 05/30/2040 ╦		2,872
	1,100	7.00%, 09/26/2016		1,203
	640	7.25%, 03/15/2015		654
	670	7.38%, 02/05/2025		828
	1,785	7.50%, 07/14/2017 ╦		2,008
				12,132
		Ukraine - 0.7%
		Ukraine (Government of)
	3,280	6.25%, 06/17/2016 §		2,919
		United Kingdom - 0.3%
		United Kingdom (Government of)
GBP	220	1.00%, 09/07/2017 §		352
GBP	250	1.25%, 07/22/2018 §		399
GBP	100	1.75%, 07/22/2019 §		162
GBP	255	2.00%, 01/22/2016 §		415
				1,328
		Uruguay - 0.5%
		Uruguay (Republic of)
	460	4.13%, 11/20/2045		401
UYU	36,534	4.25%, 04/05/2027 ◄╦		1,620
				2,021
		Venezuela - 1.0%
		Venezuela (Republic of)
	2,225	7.00%, 03/31/2038 §		1,279
	1,195	8.25%, 10/13/2024 §		722
	2,355	11.95%, 08/05/2031 ╦§		1,713
	805	12.75%, 08/23/2022 ╦§		640
				4,354
		Total Foreign Government Obligations
		(Cost $129,454)	$	128,480
Municipal Bonds - 0.8%
		Higher Education (Univ., Dorms, etc.) - 0.2%
		University of California
$	835	4.60%, 05/15/2031 ╦	$	905
		Miscellaneous - 0.6%
		Puerto Rico Government Employees Retirement System
	1,250	6.15%, 07/01/2038 ‡		619
	1,300	6.20%, 07/01/2039 ‡		643
	2,365	6.30%, 07/01/2043 ‡		1,159
	485	6.55%, 07/01/2058 ‡		237
				2,658
		Total Municipal Bonds
		(Cost $3,798)	$	3,563
Senior Floating Rate Interests ♦ - 23.4%
		Accommodation and Food Services - 0.1%
		Four Seasons Holdings, Inc.
$	307	3.50%, 06/29/2020	$	304
	275	6.25%, 12/28/2020		276
				580
		Administrative, Support, Waste Management and Remediation Services - 0.6%
		Acosta Holdco, Inc.
	600	5.00%, 09/26/2021		600
		ADS Waste Holdings, Inc.
	427	3.75%, 10/09/2019		418
		Audio Visual Services Group, Inc.
	254	4.50%, 01/25/2021		252
		Brickman Group Holdings, Inc.
	253	4.00%, 12/18/2020		248
		Filtration Group, Inc.
	248	4.50%, 11/20/2020		247
	105	8.25%, 11/22/2021		105
		PRA Holdings, Inc.
	794	4.50%, 09/23/2020		783
				2,653
		Agriculture, Construction, Mining and Machinery - 0.2%
		Signode Industrial Group US, Inc.
	885	4.00%, 05/01/2021		868

The accompanying notes are an integral part of these financial statements.

10

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 23.4% - (continued)
		Air Transportation - 0.4%
		Delta Air Lines, Inc.
$	1,579	3.25%, 04/20/2017 - 10/18/2018	$	1,557
				1,557
		Apparel Manufacturing - 0.5%
		Bauer Performance Sports Ltd.
	242	4.00%, 04/15/2021		240
		J. Crew Group, Inc.
	975	4.00%, 03/05/2021		941
		Kate Spade & Co.
	918	4.00%, 04/09/2021		891
				2,072
		Arts, Entertainment and Recreation - 2.8%
		24 Hour Fitness Worldwide, Inc.
	648	4.75%, 05/28/2021		647
		Aristocrat Leisure Ltd.
	725	4.75%, 10/20/2021		719
		Caesars Entertainment Operating Co., Inc.
	361	5.99%, 03/01/2017		321
	965	6.99%, 03/01/2017		864
		Caesars Growth Property Holdings LLC
	459	6.25%, 05/08/2021		433
		Formula One Holdings
	1,416	4.75%, 07/30/2021		1,404
	535	7.75%, 07/29/2022		533
		Hoyts Group Holdings LLC
	751	4.00%, 05/29/2020		739
		ION Media Networks, Inc.
	471	5.00%, 12/18/2020		470
		MGM Resorts International
	904	3.50%, 12/20/2019		893
		Numericable, Term Loan B
	295	4.50%, 05/21/2020		295
		Numericable, Term Loan B2
	255	4.50%, 05/21/2020		256
		Salem Communications Corp.
	156	4.50%, 03/13/2020		154
		Scientific Games International, Inc.
	360	6.00%, 10/01/2021		352
		Templar Energy
	605	8.50%, 11/25/2020		545
		Town Sports International Holdings, Inc.
	412	4.50%, 11/15/2020		335
		Tribune Co.
	1,088	4.00%, 12/27/2020		1,078
		Univision Communications, Inc., Term Loan C3
	746	4.00%, 03/01/2020		738
		Univision Communications, Inc., Term Loan C4
	630	4.00%, 03/01/2020		623
		XO Communications LLC
	383	4.25%, 03/20/2021		379
				11,778
		Chemical Manufacturing - 1.2%
		Arysta LifeScience Corp.
	785	4.50%, 05/29/2020		781
		Cytec Industries, Inc.
	34	4.50%, 10/03/2019		33
		Ferro Corp.
	340	4.00%, 07/30/2021		335
		Ineos US Finance LLC
	700	3.75%, 05/04/2018		691
		MacDermid, Inc.
	632	4.00%, 06/07/2020		618
		Minerals Technologies, Inc.
	558	4.00%, 05/07/2021		555
		Monarch, Inc.
	65	4.50%, 10/03/2019		65
		Pinnacle Operating Corp.
	892	4.75%, 11/15/2018		885
		PQ Corp.
	614	4.00%, 08/07/2017		607
		Solenis International L.P.
	280	4.25%, 07/31/2021		276
				4,846
		Computer and Electronic Product Manufacturing - 1.0%
		Avago Technologies Ltd.
	908	3.75%, 05/06/2021		904
		CDW LLC
	842	3.25%, 04/29/2020 ☼		822
		Ceridian LLC
	321	4.12%, 05/09/2017		320
	334	4.50%, 05/09/2017		332
		Freescale Semiconductor, Inc.
	980	4.25%, 02/28/2020		966
		NXP Semiconductors Netherlands B.V.
	506	3.25%, 01/11/2020		500
		Vantiv LLC
	284	3.75%, 06/13/2021		282
				4,126
		Construction - 0.2%
		Brand Energy & Infrastructure Services, Inc.
	819	4.75%, 11/26/2020		813
		Finance and Insurance - 1.7%
		Asurion LLC
	817	5.00%, 05/24/2019		818
	980	8.50%, 03/03/2021		995
		Chrysler Group LLC
	1,213	3.50%, 05/24/2017		1,206
		Cooper Gay Swett & Crawford Ltd.
	336	5.00%, 04/16/2020		302
		Evertec LLC
	400	3.50%, 04/17/2020		393
		ION Trading Technologies Ltd.
	525	7.25%, 06/10/2022		516
		National Financial Partners Corp.
	663	4.50%, 07/01/2020		657
		Santander Asset Management S.A.
	993	4.25%, 12/17/2020		988
		Sedgwick CMS Holdings, Inc.
	375	6.75%, 02/28/2022		364
		USI Insurance Services LLC
	413	4.25%, 12/27/2019		408
		Walter Investment Management Corp.
	723	4.75%, 12/18/2020		679
				7,326
		Food Manufacturing - 0.7%
		Burger King Co.
	510	4.50%, 10/27/2021		510
		H.J. Heinz Co.
	602	3.50%, 06/05/2020		598

The accompanying notes are an integral part of these financial statements.

11

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 23.4% - (continued)
		Food Manufacturing - 0.7% - (continued)
		Hearthside Food Solutions
$	374	4.50%, 06/02/2021	$	372
		Hostess Brands, Inc.
	184	6.75%, 04/09/2020		187
		U.S. Foodservice, Inc.
	1,252	4.50%, 03/31/2019		1,247
				2,914
		Food Services - 0.0%
		Arby's Restaurant Group, Inc.
	194	4.75%, 11/15/2020		193
		Furniture and Related Product Manufacturing - 0.2%
		Wilsonart International Holdings LLC
	796	4.00%, 10/31/2019		783
		Health Care and Social Assistance - 1.8%
		Alkermes, Inc.
	436	3.50%, 09/25/2019		429
		American Renal Holdings, Inc.
	520	8.50%, 03/20/2020		510
		Catalent Pharma Solutions, Inc.
	38	6.50%, 12/31/2017		38
		Community Health Systems, Inc.
	759	4.25%, 01/27/2021		760
		DaVita HealthCare Partners, Inc.
	569	3.50%, 06/24/2021		563
		HCA, Inc.
	592	2.98%, 05/01/2018		589
		Healogics, Inc.
	180	5.25%, 07/01/2021		179
		Ikaria Acquisition, Inc.
	113	5.00%, 02/12/2021		113
		One Call Medical, Inc.
	263	5.00%, 11/27/2020		262
		Ortho-Clinical Diagnostics, Inc.
	858	4.75%, 06/30/2021		848
		Salix Pharmaceuticals Ltd.
	655	4.25%, 01/02/2020		654
		STHI Holding Corp.
	245	4.50%, 08/06/2021		243
		Surgery Center Holdings, Inc.
	265	5.25%, 07/24/2020 ☼		265
		Truven Health Analytics, Inc.
	478	4.50%, 06/06/2019		468
		US Renal Care, Inc.
	1,170	4.25%, 07/03/2019		1,161
	616	10.25%, 01/03/2020		617
				7,699
		Health Care Providers and Services - 0.1%
		Medpace Holdings, Inc.
	557	4.75%, 04/01/2021		554
		Information - 3.5%
		Cabovisao-Televisao Por Cabo S.A.
	1,418	5.50%, 07/02/2019		1,425
		Charter Communications Operating LLC
	631	3.00%, 01/03/2021		620
	350	4.25%, 09/10/2021		352
		Crown Castle International Corp.
	439	3.00%, 01/31/2021		435
		Eagle Parent, Inc.
	709	4.00%, 05/16/2018		702
		First Data Corp.
	1,500	3.65%, 03/23/2018 - 09/24/2018		1,485
		Gray Television, Inc.
	170	3.75%, 06/13/2021		167
		Intelsat Jackson Holdings S.A.
	796	3.75%, 06/30/2019		789
		Kronos, Inc.
	1,437	4.50%, 10/30/2019		1,429
	669	9.75%, 04/30/2020		686
		La Quinta Intermediate Holdings
	517	4.00%, 04/14/2021		513
		Lawson Software, Inc.
	874	3.75%, 06/03/2020		862
		Level 3 Communications, Inc.
	660	4.00%, 08/01/2019		656
		Level 3 Financing, Inc.
	625	4.50%, 01/31/2022 ☼		627
		MISYS plc
	882	5.00%, 12/12/2018		882
		Syniverse Holdings, Inc.
	883	4.00%, 04/23/2019		868
		Verint Systems, Inc.
	251	3.50%, 09/06/2019		248
		Virgin Media Finance plc
	775	3.50%, 06/07/2020		764
		West Corp.
	608	3.25%, 06/30/2018		598
		Zayo Group LLC
	832	4.00%, 07/02/2019		823
				14,931
		Media - 0.3%
		Entravision Communications Corp.
	1,007	3.50%, 05/31/2020		976
		Media General, Inc.
	227	4.25%, 07/31/2020		225
				1,201
		Mining - 0.8%
		American Rock Salt Holdings LLC
	998	4.75%, 05/20/2021		987
		Arch Coal, Inc.
	1,197	6.25%, 05/16/2018		1,055
		BWAY Holding Co.
	359	5.50%, 08/14/2020		360
		Fortescue Metals Group Ltd.
	1,027	3.75%, 06/30/2019		1,001
				3,403
		Miscellaneous Manufacturing - 0.6%
		DigitalGlobe, Inc.
	335	3.75%, 01/31/2020		333
		Reynolds Group Holdings, Inc.
	1,024	4.00%, 11/30/2018		1,017
		Sequa Corp.
	257	5.25%, 06/19/2017		244
		TransDigm Group, Inc.
	823	3.75%, 02/28/2020		809
				2,403

The accompanying notes are an integral part of these financial statements.

12

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 23.4% - (continued)
		Motor Vehicle and Parts Manufacturing - 0.3%
		Navistar, Inc.
$	206	5.75%, 08/17/2017	$	207
		SRAM LLC
	813	4.01%, 04/10/2020		797
				1,004
		Nonmetallic Mineral Product Manufacturing - 0.0%
		Ardagh Holdings USA, Inc.
	134	4.00%, 12/17/2019		133
		Other Services - 0.4%
		Alliance Laundry Systems LLC
	458	4.25%, 12/10/2018		452
		Husky Injection Molding Systems Ltd.
	110	4.25%, 06/30/2021		108
		Husky International Ltd.
	190	7.25%, 06/30/2022		186
		Rexnord LLC
	827	4.00%, 08/21/2020		814
				1,560
		Petroleum and Coal Products Manufacturing - 1.1%
		American Energy-Marcellus LLC
	270	5.25%, 08/04/2020		263
		Callon Petroleum Co.
	270	8.50%, 10/08/2021 ☼		266
		Chief Exploration & Development
	415	7.50%, 05/16/2021		398
		Crosby Worldwide Ltd.
	908	4.00%, 11/23/2020		869
		Drillships Ocean Ventures, Inc.
	274	5.50%, 07/25/2021		263
		Everest Acquisition LLC
	527	3.50%, 05/24/2018		513
		Paragon Offshore Finance Co.
	295	3.75%, 07/16/2021		276
		Seadrill Ltd.
	1,004	4.00%, 02/21/2021		947
		Shelf Drilling International Holdings Ltd.
	305	10.00%, 10/08/2018		300
		Western Refining, Inc.
	531	4.25%, 11/12/2020		526
				4,621
		Pipeline Transportation - 0.1%
		NGPL Pipeco LLC
	538	6.75%, 09/15/2017		537
		Plastics and Rubber Products Manufacturing - 0.4%
		Consolidated Container Co.
	622	5.00%, 07/03/2019		614
		Goodyear (The) Tire & Rubber Co.
	900	4.75%, 04/30/2019		902
				1,516
		Primary Metal Manufacturing - 0.3%
		Novelis, Inc.
	682	3.75%, 03/10/2017		674
		WireCo WorldGroup, Inc.
	553	6.00%, 02/15/2017		554
				1,228
		Professional, Scientific and Technical Services - 0.7%
		Advantage Sales & Marketing, Inc.
	460	4.25%, 07/23/2021		456
		AlixPartners LLP
	582	4.00%, 07/10/2020		572
	236	9.00%, 07/10/2021		239
		Getty Images, Inc.
	531	4.75%, 10/18/2019		500
		MoneyGram International, Inc.
	478	4.25%, 03/27/2020		462
		Paradigm Ltd.
	634	4.75%, 07/30/2019		618
				2,847
		Real Estate, Rental and Leasing - 0.6%
		DTZ U.S. Borrower LLC
	295	5.00%, 10/23/2021 - 10/28/2021 ☼		295
	265	8.25%, 10/28/2022 ☼		266
		Fly Leasing Ltd.
	794	4.50%, 08/09/2019		793
		Neff Corp.
	465	7.25%, 06/09/2021		466
		Realogy Corp., Extended Credit Linked Deposit
	22	4.41%, 10/10/2016		22
		Realogy Group LLC
	731	3.75%, 03/05/2020		724
				2,566
		Retail Trade - 1.5%
		Albertson's LLC
	1,045	4.50%, 08/25/2021 ☼		1,045
		Amscan Holdings, Inc.
	539	4.00%, 07/27/2019		528
		BJ's Wholesale Club, Inc.
	539	4.50%, 09/26/2019		533
		FleetPride, Inc.
	786	5.25%, 11/19/2019		769
		Mauser-Werke GmbH
	230	4.50%, 07/31/2021		226
		Metaldyne Performance Group, Inc.
	495	4.50%, 10/20/2021 ☼		495
		Michaels Stores, Inc.
	517	3.75%, 01/28/2020		508
	205	4.00%, 01/28/2020		202
		Neiman Marcus (The) Group, Inc.
	1,063	4.25%, 10/25/2020		1,049
		Rite Aid Corp.
	745	4.88%, 06/21/2021		743
	325	5.75%, 08/21/2020		327
				6,425
		Truck Transportation - 0.2%
		Nexeo Solutions LLC
	745	5.00%, 09/09/2017		735
		Swift Transportation Co., Inc.
	214	3.75%, 06/09/2021		212
				947
		Utilities - 0.9%
		Calpine Corp.
	599	4.00%, 10/09/2019		593
		Energy Future Holdings
	235	4.25%, 06/19/2016		234
		NRG Energy, Inc.
	605	2.75%, 07/01/2018		594

The accompanying notes are an integral part of these financial statements.

13

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 23.4% - (continued)
		Utilities - 0.9% - (continued)
		PowerTeam Services LLC, Delayed Draw Term Loan
$	16	4.25%, 05/06/2020	$	15
		PowerTeam Services LLC, Term Loan 1
	294	4.25%, 05/06/2020		287
		Sandy Creek Energy Associates L.P.
	756	5.00%, 11/09/2020		752
		Star West Generation LLC
	521	4.25%, 03/13/2020		516
		Texas Competitive Electric Holdings Co. LLC
	564	3.75%, 05/05/2016		567
	500	4.65%, 10/10/2017 Ψ		364
				3,922
		Wholesale Trade - 0.2%
		Gates Global LLC
	960	4.25%, 07/05/2021		948
		Total Senior Floating Rate Interests
		(Cost $99,918)	$	98,954
U.S. Government Agencies - 10.4%
		FHLMC - 2.4%
$	5,874	0.53%, 10/25/2020 ►	$	86
	6,400	4.00%, 11/15/2044 ☼,Ð		6,789
	1,500	4.50%, 11/15/2044 ☼,Ð		1,625
	1,400	5.00%, 11/15/2044 ☼,Ð		1,547
	100	5.50%, 12/15/2044 ☼,Ð		111
				10,158
		FNMA - 7.3%
	2,030	2.50%, 11/15/2029 ☼,Ð		2,060
	8,269	3.00%, 11/15/2029 - 11/15/2044 ☼,Ð		8,307
	12,200	3.50%, 11/15/2029 - 12/15/2044 ☼,Ð		12,639
	1,000	4.00%, 11/15/2029 ☼,Ð		1,062
	6,100	4.50%, 11/15/2044 ☼,Ð		6,611
	300	5.00%, 11/15/2044 ☼,Ð		332
	500	5.50%, 06/25/2042 ►		87
				31,098
		GNMA - 0.7%
	500	3.00%, 11/15/2044 ☼,Ð		509
	1,700	4.00%, 11/15/2044 ☼,Ð		1,818
	400	5.00%, 12/15/2044 ☼,Ð		441
	100	6.00%, 11/15/2044 ☼,Ð		113
				2,881
		Total U.S. Government Agencies
		(Cost $44,051)	$	44,137
U.S. Government Securities - 1.0%
U.S. Treasury Securities - 1.0%
		U.S. Treasury Bonds - 0.4%
$	1,335	3.75%, 11/15/2043 □Є	$	1,515
	50	5.38%, 02/15/2031 □Є		67
				1,582
		U.S. Treasury Notes - 0.6%
	550	0.38%, 04/15/2015 Є		551
	900	0.88%, 01/31/2018 Є		894
	80	1.88%, 09/30/2017 □Є		82
	910	2.13%, 08/15/2021 □		916
				2,443
				4,025
		Total U.S. Government Securities
		(Cost $3,875)	$	4,025
Common Stocks - 0.1%
		Energy - 0.1%
	83,644	KCA Deutag ⌂●†	$	408
		Total Common Stocks
		(Cost $1,134)	$	408
Preferred Stocks - 0.1%
		Diversified Financials - 0.1%
	—	Citigroup Capital XIII	$	1
	20	GMAC Capital Trust I β		535
				536
		Total Preferred Stocks
		(Cost $515)	$	536
		Total Long-Term Investments Excluding Purchased Options
		(Cost $430,409)	$	430,797
Short-Term Investments - 8.0%
Repurchase Agreements - 8.0%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $97, collateralized by U.S. Treasury Note 1.50%, 2019, value of $99)
$	97	0.08%, 10/31/2014	$	97
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,648, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $1,681)
	1,648	0.09%, 10/31/2014		1,648
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $443, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $452)
	443	0.08%, 10/31/2014		443
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,501, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $1,531)
	1,501	0.10%, 10/31/2014		1,501

The accompanying notes are an integral part of these financial statements.

14

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Short-Term Investments - 8.0% - (continued)
Repurchase Agreements - 8.0% - (continued)
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,655, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $5,768)
$	5,655	0.08%, 10/31/2014			$	5,655
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $6,500, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $6,630)
	6,500	0.09%, 10/31/2014				6,500
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $375, collateralized by U.S. Treasury Note 0.88%, 2017, value of $383)
	375	0.13%, 10/31/2014				375
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $552, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $563)
	552	0.07%, 10/31/2014				552
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,818, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $5,935)
	5,818	0.08%, 10/31/2014				5,818
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $11,275, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $11,501)
	11,275	0.10%, 10/31/2014				11,275
						33,864
		Total Short-Term Investments
		(Cost $33,864)			$	33,864
		Total Investments Excluding Purchased Options
		(Cost $464,273)	109.8	%	$	464,661
		Total Purchased Options
		(Cost $375)	—	%		201
		Total Investments
		(Cost $464,648) ▲	109.8	%	$	464,862
		Other Assets and Liabilities	(9.8	)%		(41,734	)
		Total Net Assets	100.0	%	$	423,128

The accompanying notes are an integral part of these financial statements.

15

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $464,784 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	10,137
Unrealized Depreciation		(10,059	)
Net Unrealized Appreciation	$	78

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

† These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value of these securities was $408, which represents 0.1% of total net assets.

● Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.

Ψ The issuer is in bankruptcy. However, the investment held by the Fund is current with respect to interest payments.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

○ The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.

► Securities disclosed are interest-only strips.

◄ The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

♦ Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown.  Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $42,695, which represents 10.1% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $77,445, which represents 18.3% of total net assets.

⌂ The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.

Period Acquired	Shares/ Par		Security	Cost Basis
03/2011		83,644	KCA Deutag	$	1,134

At October 31, 2014, the aggregate value of these securities was $408, which represents 0.1% of total net assets.

β Convertible security.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

The accompanying notes are an integral part of these financial statements.

16

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Ð Represents or includes a TBA transaction.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $48,669 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

Є This security, or a portion of this security, has been pledged as collateral in connection with centrally cleared swap contracts.

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

□ This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

Cash and securities pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged ‡		Received *
OTC option and/or OTC swap contracts	$	260	$	3,494
Centrally cleared swaps contracts		1,077		–
Total	$	1,337	$	3,494

‡ As previously noted, certain securities, or a portion of these securities, are pledged as collateral in connection with certain derivative instruments. These securities are held by the Fund but are not represented in the table above.

* Securities valued at $1,879, held on behalf of the Fund at the custodian bank, were designated by broker(s) as collateral in connection with OTC option and/or OTC swap contracts. Since the broker retains legal title to the securities, the securities are not considered an asset of the Fund.

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Paid by Fund		Unrealized Appreciation (Depreciation)
Purchased Option contracts:
Calls
BRL Call/USD Put	JPM	FX	2.43 BRL per USD	09/28/15	BRL	2,600,000	$	11	$	19	$	(8	)
INR Call/USD Put	BOA	FX	62.55 INR per USD	01/16/15	INR	160,000,000		43		41		2
MXN Call/USD Put	JPM	FX	13.61 MXN per USD	01/15/15	MXN	33,854,670		43		50		(7	)
RUB Call/USD Put	GSC	FX	36.97 RUB per USD	09/02/15	RUB	39,000,000		2		14		(12	)
TRY Call/USD Put	JPM	FX	2.31 TRY per USD	01/19/15	TRY	5,700,000		78		54		24
Total Calls						241,154,670	$	177	$	178	$	(1	)
Total purchased option contracts						241,154,670	$	177	$	178	$	(1	)

*   The number of contracts does not omit 000's.

The accompanying notes are an integral part of these financial statements.

17

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Swaption Contracts Outstanding at October 31, 2014
Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate		Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased swaption contracts:
Puts
Interest Rate Swaption USD	JPM	IR	3.50	%	04/29/15	USD	11,210,000	$	24	$	197	$	(173	)
Written swaption contracts:
Calls
Credit Default Swaption ITRAXX.XOV.22	JPM	CR	3.75	%	11/19/14	EUR	23,205,000	$	387	$	392	$	5
Puts
Credit Default Swaption ITRAXX.XOV.22	JPM	CR	3.75	%	11/19/14	EUR	23,205,000	$	180	$	281	$	101
Total written swaption contracts							46,410,000	$	567	$	673	$	106

* The number of contracts does not omit 000's.

Δ For purchased swaptions, premiums are paid by the Fund, for written swaptions, premiums are received.

Futures Contracts Outstanding at October 31, 2014

	Number of	Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*	Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
Australian 10-Year Bond Future	5	12/15/2014	$	538	$	540	$	2	$	–		$	2	$	–
Australian 3-Year Bond Future	10	12/15/2014		966		966		–		–			1		–
Canadian Government 10-Year Bond Future	4	12/18/2014		484		486		2		–			–		–
Euro-BOBL Future	2	12/08/2014		321		321		–		–			–		–
Euro-BTP Future	9	12/08/2014		1,468		1,470		2		–			11		–
Euro-BUND Future	4	12/08/2014		756		757		1		–			–		–
Euro-OAT Future	8	12/08/2014		1,437		1,452		15		–			5		–
Euro-Schatz Future	21	12/08/2014		2,921		2,920		–		(1	)		–		–
Japan 10-Year Bond Future	4	12/11/2014		5,187		5,218		31		–			–		–
Japan 10-Year Mini Bond Future	6	12/10/2014		778		783		5		–			1		–
U.S. Treasury 10-Year Note Future	281	12/19/2014		35,634		35,507		–		(127	)		61		(209	)
U.S. Treasury 5-Year Note Future	247	12/31/2014		29,528		29,499		–		(29	)		–		(41	)
Total							$	58	$	(157	)	$	81	$	(250	)
Short position contracts:
90-Day Eurodollar Future	3	12/15/2014	$	748	$	748	$	–	$	–		$	–	$	–
90-Day Eurodollar Future	127	12/14/2015		31,502		31,485		17		–			20		(6	)
Long Gilt Future	1	12/29/2014		184		184		–		–			–		–
U.S. Treasury 2-Year Note Future	1	12/31/2014		219		219		–		–			–		–
U.S. Treasury 5-Year Note Future	317	12/31/2014		37,850		37,859		–		(9	)		4		(13	)
U.S. Treasury CME Ultra Long Term Bond Future	74	12/19/2014		11,606		11,604		2		–			42		–
U.S. Treasury Long Bond Future	15	12/19/2014		2,131		2,116		15		–			7		–
Total							$	34	$	(9	)	$	73	$	(19	)
Total futures contracts							$	92	$	(166	)	$	154	$	(269	)

* The number of contracts does not omit 000's.

The accompanying notes are an integral part of these financial statements.

18

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied			Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)			Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices:
Buy protection:
ABX.HE.AA.06-1	BCLY	USD	399		(0.32	)%	07/25/45	$	191	$	–		$	86		$	–	$	(105	)
ABX.HE.AA.06-1	JPM	USD	1,286		(0.32	)%	07/25/45	338			–			274			–		(64	)
ABX.HE.AAA.06-1	BCLY	USD	51		(0.18	)%	07/25/45	6			–			1			–		(5	)
ABX.HE.AAA.06-1	GSC	USD	231		(0.18	)%	07/25/45	20			–			5			–		(15	)
ABX.HE.AAA.06-1	JPM	USD	93		(0.18	)%	07/25/45	3			–			3			–		–
ABX.HE.AAA.06-1	JPM	USD	237		(0.18	)%	07/25/45	5			–			6			1		–
ABX.HE.AAA.06-1	MSC	USD	85		(0.18	)%	07/25/45	9			–			2			–		(7	)
ABX.HE.AAA.06-1	MSC	USD	55		(0.18	)%	07/25/45	1			–			1			–		–
ABX.HE.AAA.06-2	BOA	USD	1,450		(0.11	)%	05/25/46	304			–			290			–		(14	)
ABX.HE.AAA.06-2	DEUT	USD	530		(0.11	)%	05/25/46	124			–			106			–		(18	)
ABX.HE.AAA.06-2	MSC	USD	698		(0.11	)%	05/25/46	136			–			140			4		–
ABX.HE.AAA.07-1	CSI	USD	1,333		(0.09	)%	08/25/37	389			–			346			–		(43	)
ABX.HE.AAA.07-1	GSC	USD	467		(0.09	)%	08/25/37	118			–			121			3		–
ABX.HE.AAA.07-1	MSC	USD	1,430		(0.09	)%	08/25/37	352			–			371			19		–
ABX.HE.PENAAA.06-2	BOA	USD	8		(0.11	)%	05/25/46	2			–			1			–		(1	)
ABX.HE.PENAAA.06-2	CSI	USD	1,278		(0.11	)%	05/25/46	385			–			179			–		(206	)
ABX.HE.PENAAA.06-2	JPM	USD	455		(0.11	)%	05/25/46	88			–			64			–		(24	)
ABX.HE.PENAAA.06-2	JPM	USD	358		(0.11	)%	05/25/46	49			–			50			1		–
ABX.HE.PENAAA.07-1	BCLY	USD	973		(0.09	)%	08/25/37	421			–			224			–		(197	)
CMBX.NA.A.7	JPM	USD	755		(2.00	)%	01/17/47	–			(16	)		(2	)		14		–
CMBX.NA.AA.1	JPM	USD	885		(0.25	)%	10/12/52	175			–			129			–		(46	)
CMBX.NA.AA.2	BOA	USD	1,591		(0.15	)%	03/15/49	604			–			516			–		(88	)
CMBX.NA.AA.2	CSI	USD	1,041		(0.15	)%	03/15/49	324			–			337			13		–
CMBX.NA.AA.2	JPM	USD	1,405		(0.15	)%	03/15/49	528			–			455			–		(73	)
CMBX.NA.AA.2	MSC	USD	119		(0.15	)%	03/15/49	48			–			39			–		(9	)
CMBX.NA.AA.7	CSI	USD	2,055		(1.50	)%	01/17/47	10			–			6			–		(4	)
CMBX.NA.AA.7	CSI	USD	820		(1.50	)%	01/17/47	–			(8	)		2			10		–
CMBX.NA.AA.7	MSC	USD	870		(1.50	)%	01/17/47	–			(9	)		2			11		–
CMBX.NA.AJ.1	JPM	USD	735		(0.84	)%	10/12/52	52			–			18			–		(34	)
CMBX.NA.AJ.1	MSC	USD	390		(0.84	)%	10/12/52	28			–			10			–		(18	)
CMBX.NA.AJ.2	DEUT	USD	1,062		(1.09	)%	03/15/49	97			–			91			–		(6	)
CMBX.NA.AJ.4	CSI	USD	264		(0.96	)%	02/17/51	52			–			51			–		(1	)
CMBX.NA.AJ.4	CSI	USD	1,947		(0.96	)%	02/17/51	363			–			379			16		–
CMBX.NA.AJ.4	DEUT	USD	891		(0.96	)%	02/17/51	174			–			173			–		(1	)
CMBX.NA.AJ.4	GSC	USD	1,449		(0.96	)%	02/17/51	253			–			283			30		–
CMBX.NA.AJ.4	MSC	USD	369		(0.96	)%	02/17/51	65			–			72			7		–
CMBX.NA.AJ.4	MSC	USD	1,688		(0.96	)%	02/17/51	525			–			329			–		(196	)
CMBX.NA.AM.2	CSI	USD	1,545		(0.50	)%	03/15/49	94			–			19			–		(75	)
CMBX.NA.AM.2	MSC	USD	2,945		(0.50	)%	03/15/49	146			–			37			–		(109	)
CMBX.NA.AM.4	MSC	USD	675		(0.50	)%	02/17/51	96			–			27			–		(69	)
CMBX.NA.AS.6	CSI	USD	1,700		(1.00	)%	05/11/63	23			–			15			–		(8	)
CMBX.NA.AS.7	CSI	USD	1,080		(1.00	)%	01/17/47	26			–			17			–		(9	)
CMBX.NA.AS.7	GSC	USD	725		(1.00	)%	01/17/47	17			–			11			–		(6	)
Total								$	6,641	$	(33	)	$	5,286		$	129	$	(1,451	)

The accompanying notes are an integral part of these financial statements.

19

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014 - (continued)

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied			Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)			Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices: - (continued)
Sell protection:
CDX.EM.22	GSC	USD	5,160		1.00	%	12/20/19	$	–	$	(379	)	$	(333	)	$	46	$	–
CDX.EM.22	MSC	USD	1,270		1.00	%	12/20/19		–		(93	)		(82	)		11		–
CMBX.NA.A.2	BOA	USD	429		0.25	%	03/15/49		–		(250	)		(278	)		–		(28	)
CMBX.NA.AAA.6	BOA	USD	825		0.50	%	05/11/63		–		(22	)		(16	)		6		–
CMBX.NA.AAA.6	CSI	USD	5,100		0.50	%	05/11/63		–		(116	)		(100	)		16		–
CMBX.NA.AAA.6	DEUT	USD	41,065		0.50	%	05/11/63		–		(1,961	)		(802	)		1,159		–
CMBX.NA.AAA.6	GSC	USD	14,515		0.50	%	05/11/63		–		(287	)		(283	)		4		–
CMBX.NA.AAA.6	JPM	USD	4,995		0.50	%	05/11/63		–		(164	)		(97	)		67		–
CMBX.NA.BB.6	BCLY	USD	415		5.00	%	05/11/63		2		–			(1	)		–		(3	)
CMBX.NA.BB.6	BOA	USD	1,340		5.00	%	05/11/63		–		(13	)		(2	)		11		–
CMBX.NA.BB.6	CSI	USD	215		5.00	%	05/11/63		–		–			–			–		–
CMBX.NA.BB.6	CSI	USD	963		5.00	%	05/11/63		3		–			(1	)		–		(4	)
CMBX.NA.BB.6	CSI	USD	1,240		5.00	%	05/11/63		–		(7	)		(3	)		4		–
CMBX.NA.BB.6	MSC	USD	3,355		5.00	%	05/11/63		–		(215	)		(5	)		210		–
CMBX.NA.BB.7	BCLY	USD	190		5.00	%	01/17/47		–		(6	)		(5	)		1		–
CMBX.NA.BB.7	BOA	USD	730		5.00	%	01/17/47		–		(20	)		(18	)		2		–
CMBX.NA.BB.7	CSI	USD	1,970		5.00	%	01/17/47		–		(84	)		(47	)		37		–
CMBX.NA.BB.7	CSI	USD	270		5.00	%	01/17/47		2		–			(7	)		–		(9	)
CMBX.NA.BB.7	DEUT	USD	480		5.00	%	01/17/47		–		(14	)		(12	)		2		–
CMBX.NA.BB.7	GSC	USD	1,135		5.00	%	01/17/47		–		(69	)		(28	)		41		–
CMBX.NA.BBB-.7	CSI	USD	925		3.00	%	01/17/47		–		(56	)		(18	)		38		–
PrimeX.ARM.2	MSC	USD	148		4.58	%	06/25/36		–		(10	)		5			15		–
PrimeX.ARM.2	MSC	USD	1,348		4.58	%	12/25/37		44		–			41			–		(3	)
PrimeX.FRM.1	JPM	USD	190		4.42	%	07/25/36		19		–			19			–		–
Total								$	70	$	(3,766	)	$	(2,073	)	$	1,670	$	(47	)
Total traded indices								$	6,711	$	(3,799	)	$	3,213		$	1,799	$	(1,498	)
Credit default swaps on single-name issues:
Sell protection:
Bank of America Corp.	GSC	USD	7,600		1.00% / 0.41	%	09/20/17	$	–	$	(529	)	$	129		$	658	$	–
Citigroup, Inc.	GSC	USD	7,225		1.00% / 0.41	%	09/20/17		–		(471	)		122			593		–
Goldman Sachs Group, Inc.	UBS	USD	3,625		1.00% / 0.49	%	09/20/17		–		(267	)		54			321		–
Morgan Stanley	BCLY	USD	3,625		1.00% / 0.48	%	09/20/17		–		(406	)		55			461		–
Total								$	–	$	(1,673	)	$	360		$	2,033	$	–
								$	6,711	$	(5,472	)	$	3,573		$	3,832	$	(1,498	)

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

The accompanying notes are an integral part of these financial statements.

20

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

	Clearing	Notional		(Pay)/ Receive Fixed			Expiration				Market			Unrealized Appreciation/ (Depreciation)					Variation Margin
Reference Entity	House (a)	Amount (b)		Rate			Date	Cost Basis			Value ╪			Asset		Liability			Asset		Liability
Credit default swaps on indices:
Buy protection:
CDX.NA.IG.23	CME	USD	16,580		(1.00	)%	12/20/19	$	(254	)	$	(292	)	$	–	$	(38	)	$	–	$	(13	)
ITRAXX.EUR.22	ICE	EUR	13,070		(1.00	)%	12/20/19		(257	)		(287	)		–		(30	)		–		(23	)
ITRAXX.XOV.22	ICE	EUR	10,512		(5.00	)%	12/20/19		(826	)		(847	)		–		(21	)		6		(60	)
Total								$	(1,337	)	$	(1,426	)	$	–	$	(89	)	$	6	$	(96	)
Sell protection:
CDX.NA.HY.22	CME	USD	28,017		5.00	%	06/20/19	$	1,953		$	2,099		$	146	$	–		$	94	$	–
CDX.NA.HY.23	CME	USD	13,835		5.00	%	12/20/19		908			967			59		–			55		–
Total								$	2,861		$	3,066		$	205	$	–		$	149	$	–
Total traded indices								$	1,524		$	1,640		$	205	$	(89	)	$	155	$	(96	)

(a) The FCM to the contracts is GSC.

(b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

OTC Interest Rate Swap Contracts Outstanding at October 31, 2014

Payments made

Payments received

Notional

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Counterparty

by Fund

by Fund

Amount

Date

Paid

Received

Value ╪

Asset

Liability

DEUT

KRW CD KSDA

2.36% Fixed

KRW

56,365

12/17/19

$

–

$

–

$

–

$

–

$

–

DEUT

KRW CD KSDA

2.41% Fixed

KRW

116,825

12/17/19

–

–

1

1

–

DEUT

KRW CD KSDA

2.51% Fixed

KRW

37,115

12/17/19

–

–

–

–

–

DEUT

KRW CD KSDA

2.76% Fixed

KRW

19,930

12/17/24

1

–

1

–

–

DEUT

KRW CD KSDA

2.85% Fixed

KRW

49,640

12/17/24

–

–

2

2

–

JPM

KRW CD KSDA

2.21% Fixed

KRW

42,275

12/17/19

–

–

–

–

–

JPM

KRW CD KSDA

2.39% Fixed

KRW

93,940

12/17/19

–

–

1

1

–

JPM

KRW CD KSDA

2.51% Fixed

KRW

36,700

12/17/19

–

–

–

–

–

JPM

KRW CD KSDA

2.60% Fixed

KRW

149,485

12/17/19

–

–

3

3

–

Total

$

1

$

–

$

8

$

7

$

–

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2014

Clearing

Payments made

Payments received

Notional

Expiration

Upfront Premiums Paid

Market

Unrealized Appreciation/ (Depreciation)

Variation Margin

House (a)

by Fund

by Fund

Amount

Date

(Received)

Value ╪

Asset

Liability

Asset

Liability

LCH

6M GBP LIBOR

2.13% Fixed

GBP

165

12/21/18

$

–

$

–

$

–

$

–

$

–

$

–

LCH

6M GBP LIBOR

2.45% Fixed

GBP

2,300

12/21/18

15

19

4

–

–

(3

)

Total

$

15

$

19

$

4

$

–

$

–

$

(3

)

(a) The FCM to the contracts is GSC.

The accompanying notes are an integral part of these financial statements.

21

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Total Return Swap Contracts Outstanding at October 31, 2014

Notional

Payments received

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Reference Entity

Counterparty

Amount

(paid) by Fund

Date

Paid

Received

Value ╪

Asset

Liability

JPM CORP EMBI †

JPM

USD

12,625

3M LIBOR - 1.00%

12/24/14

$

–

$

–

$

(40

)

$

–

$

(40

)

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Company's Board of Directors. At October 31, 2014, the aggregate market value of these securities was $(40), which rounds to zero percent of total net assets.

TBA Sale Commitments Outstanding at October 31, 2014

Description	Principal Amount		Maturity Date	Market Value ╪		Unrealized Appreciation/ Depreciation
FHLMC, 3.50%	$	1,700	11/15/2044	$	1,755	$	(14	)
FNMA, 5.50%		400	11/15/2044		447		(1	)
GNMA, 3.00%		700	11/15/2044		713		3
GNMA, 3.50%		3,850	11/15/2044		4,024		10
GNMA, 4.50%		2,100	11/15/2044		2,292		(12	)
Total				$	9,231	$	(14	)

At October 31, 2014, the aggregate market value of these securities represents 2.2% of total net assets.

The accompanying notes are an integral part of these financial statements.

22

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/28/2014

BOA

$

40

$

40

$

–

$

–

AUD

Buy

11/28/2014

JPM

31

31

–

–

AUD

Buy

11/28/2014

JPM

31

31

–

–

AUD

Buy

11/28/2014

NAB

908

913

5

–

AUD

Sell

11/28/2014

CBA

20

20

–

–

AUD

Sell

11/28/2014

NAB

199

200

–

(1

)

CAD

Buy

11/28/2014

RBC

1,105

1,098

–

(7

)

CHF

Buy

11/28/2014

HSBC

16

16

–

–

CHF

Sell

11/28/2014

HSBC

57

56

1

–

DKK

Sell

11/28/2014

GSC

21

21

–

–

EUR

Buy

11/28/2014

CBA

989

975

–

(14

)

EUR

Buy

11/28/2014

CSFB

6

6

–

–

EUR

Buy

11/28/2014

HSBC

15

15

–

–

EUR

Buy

12/17/2014

HSBC

1,239

1,239

–

–

EUR

Buy

11/28/2014

JPM

8,539

8,449

–

(90

)

EUR

Buy

12/17/2014

TDS

1,329

1,305

–

(24

)

EUR

Sell

12/17/2014

BCLY

728

722

6

–

EUR

Sell

11/28/2014

BNP

107

107

–

–

EUR

Sell

09/18/2015

CBK

847

823

24

–

EUR

Sell

12/17/2014

CSFB

511

505

6

–

EUR

Sell

12/17/2014

DEUT

3,616

3,501

115

–

EUR

Sell

11/04/2014

HSBC

1,238

1,238

–

–

EUR

Sell

11/28/2014

HSBC

649

642

7

–

EUR

Sell

11/28/2014

JPM

13,670

13,526

144

–

GBP

Buy

11/28/2014

CBK

1,414

1,412

–

(2

)

GBP

Buy

11/28/2014

SSG

40

40

–

–

GBP

Sell

11/28/2014

BOA

19

19

–

–

GBP

Sell

11/28/2014

CBK

3,743

3,738

5

–

GBP

Sell

11/28/2014

HSBC

32

32

–

–

JPY

Buy

11/28/2014

BNP

54

54

–

–

JPY

Buy

11/28/2014

GSC

76

73

–

(3

)

JPY

Buy

12/17/2014

JPM

327

310

–

(17

)

JPY

Buy

11/28/2014

RBS

9,903

9,521

–

(382

)

JPY

Sell

12/17/2014

GSC

318

310

8

–

JPY

Sell

11/28/2014

JPM

59

59

–

–

KRW

Sell

11/28/2014

BCLY

20

20

–

–

KRW

Sell

11/28/2014

HSBC

266

263

3

–

MXN

Buy

11/28/2014

MSC

90

91

1

–

MXN

Sell

11/28/2014

MSC

62

62

–

–

MYR

Sell

11/28/2014

HSBC

246

245

1

–

NOK

Buy

11/28/2014

JPM

21

21

–

–

NOK

Sell

11/28/2014

CBK

22

21

1

–

NZD

Buy

11/28/2014

JPM

39

39

–

–

NZD

Sell

11/28/2014

BOA

19

19

–

–

NZD

Sell

11/28/2014

JPM

63

63

–

–

NZD

Sell

11/28/2014

MSC

19

19

–

–

NZD

Sell

11/28/2014

WEST

287

284

3

–

PLN

Sell

11/28/2014

HSBC

41

41

–

–

RSD

Buy

09/18/2015

CBK

786

770

–

(16

)

SEK

Buy

11/28/2014

CSFB

42

41

–

(1

)

SEK

Sell

11/28/2014

CSFB

132

130

2

–

SEK

Sell

11/28/2014

SSG

42

41

1

–

SEK

Sell

11/28/2014

UBS

1

1

–

–

SGD

Sell

11/28/2014

HSBC

205

203

2

–

ZAR

Buy

11/28/2014

CBK

95

94

–

(1

)

Total

$

335

$

(558

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

23

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BNP	BNP Paribas Securities Services
BOA	Banc of America Securities LLC
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
CME	Chicago Mercantile Exchange
CSFB	Credit Suisse First Boston Corp.
CSI	Credit Suisse International
DEUT	Deutsche Bank Securities, Inc.
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
ICE	Intercontinental Exchange
JPM	JP Morgan Chase & Co.
LCH	LCH Clearnet
MSC	Morgan Stanley
NAB	National Australia Bank Limited
RBC	RBC Dominion Securities, Inc.
RBS	RBS Greenwich Capital
SSG	State Street Global Markets LLC
TDS	TD Securities, Inc.
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
DKK	Danish Krone
DOP	Dominican Peso
EUR	EURO
GBP	British Pound
IDR	Indonesian New Rupiah
INR	Indian Rupee
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican New Peso
MYR	Malaysian Ringgit
NGN	Nigerian Naira
NOK	Norwegian Krone
NZD	New Zealand Dollar
PLN	Polish New Zloty
RSD	Serbian Dinar
RUB	Russian New Ruble
SEK	Swedish Krona
SGD	Singapore Dollar
TRY	Turkish New Lira
USD	U.S. Dollar
UYU	Uruguayan Peso
ZAR	South African Rand
Index Abbreviations:
ABX.HE	Markit Asset Backed Security Home Equity
ABX.HE.PEN	Markit Asset Backed Security Home Equity Penultimate
CDX.EM	Credit Derivatives Emerging Markets
CDX.NA.HY	Credit Derivatives North American High Yield
CDX.NA.IG	Credit Derivatives North American Investment Grade
CMBX.NA	Markit Commercial Mortgage Backed North American
EMBI	Emerging Markets Bond Index
ITRAXX.EUR	Markit iTraxx - Europe
ITRAXX.XOV	Markit iTraxx Index - Europe Crossover
PrimeX.ARM	Markit PrimeX Adjustable Rate Mortgage Backed Security
PrimeX.FRM	Markit PrimeX Fixed Rate Mortgage Backed Security
Other Abbreviations:
CD	Certificate of Deposit
CLO	Collateralized Loan Obligation
CR	Credit
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
IR	Interest Rate
KSDA	Korea Securities Dealers Association
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
TBA	To Be Announced

The accompanying notes are an integral part of these financial statements.

24

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014 

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	59,652	$	–	$	42,528	$	17,124
Common Stocks ‡		408		–		–		408
Corporate Bonds		91,042		–		90,112		930
Foreign Government Obligations		128,480		–		128,480		–
Municipal Bonds		3,563		–		3,563		–
Preferred Stocks		536		536		–		–
Senior Floating Rate Interests		98,954		–		98,954		–
U.S. Government Agencies		44,137		–		44,137		–
U.S. Government Securities		4,025		–		4,025		–
Short-Term Investments		33,864		–		33,864		–
Purchased Options		201		–		201		–
Total	$	464,862	$	536	$	445,864	$	18,462
Foreign Currency Contracts *	$	335	$	–	$	335	$	–
Futures *		92		92		–		–
Swaps - Credit Default *		4,037		–		4,037		–
Swaps - Interest Rate *		11		–		11		–
Total	$	4,475	$	92	$	4,383	$	–
Liabilities:
TBA Sale Commitments	$	9,231	$	–	$	9,231	$	–
Written Options		567		–		567		–
Total	$	9,798	$	–	$	9,798	$	–
Foreign Currency Contracts *	$	558	$	–	$	558	$	–
Futures *		166		166		–		–
Swaps - Credit Default *		1,587		–		1,587		–
Swaps - Interest Rate *		–		–		–		–
Swaps - Total Return *		40		–		–		40
Total	$	2,351	$	166	$	2,145	$	40

♦ For the year ended October 31, 2014, investments valued at $557 were transferred from Level 1 to Level 2, and there were no transfers from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

‡ The Fund has all or primarily all of the equity securities categorized in a particular level.  Refer to the Schedule of Investments for further industry breakout.

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

25

The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	23,507	$	1,455	$	(353	)†	$	1,284	$	5,726	$	(14,155	)	$	—	$	(340	)	$	17,124
Common Stocks		580		—		(172	)‡		—		—		—			—		—			408
Corporate Bonds		—		—		—	§		—		930		—			—		—			930
U.S. Government Agencies		204		—		—			—		—		—			—		(204	)		—
Total	$	24,291	$	1,455	$	(525	)	$	1,284	$	6,656	$	(14,155	)	$	—	$	(544	)	$	18,462
Liabilities:
Swaps**	$	—	$	—	$	40	††	$	—	$	—	$	—		$	—	$	—		$	40
Total	$	—	$	—	$	40		$	—	$	—	$	—		$	—	$	—		$	40

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $87.

‡ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(172).

§ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was zero.

** Derivative instruments not reflected in the Schedule of Investments are valued at the unrealized appreciation/ depreciation on the investment.

†† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(40).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

26

The Hartford Strategic Income Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $464,648)	$	464,862
Cash		2,362	*
Foreign currency on deposit with custodian (cost $1)		1
Unrealized appreciation on foreign currency contracts		335
Unrealized appreciation on OTC swap contracts		3,839
Receivables:
Investment securities sold		13,687
Fund shares sold		852
Dividends and interest		3,591
Variation margin on financial derivative instruments		309
OTC swap premiums paid		6,712
Other assets		71
Total assets		496,621
Liabilities:
Unrealized depreciation on foreign currency contracts		558
Unrealized depreciation on OTC swap contracts		1,538
TBA sale commitments, at market value (proceeds $9,217)		9,231
Payables:
Investment securities purchased		53,395
Fund shares redeemed		547
Investment management fees		45
Dividends		—
Administrative fees		—
Distribution fees		29
Collateral received from broker		1,616
Variation margin on financial derivative instruments		368
Accrued expenses		72
OTC swap premiums received		5,472
Written option contracts (proceeds $673)		567
Other liabilities		55
Total liabilities		73,493
Net assets	$	423,128
Summary of Net Assets:
Capital stock and paid-in-capital	$	411,820
Distributions in excess of net investment income		(435	)
Accumulated net realized gain		9,347
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		2,396
Net assets	$	423,128

^* Cash of $1,337 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

27

The Hartford Strategic Income Fund

Statement of Assets and Liabilities  – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		900,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$9.30/$9.74
Shares outstanding		15,499
Net assets	$	144,172
Class B: Net asset value per share	$	9.30
Shares outstanding		684
Net assets	$	6,367
Class C: Net asset value per share	$	9.32
Shares outstanding		11,794
Net assets	$	109,960
Class I: Net asset value per share	$	9.33
Shares outstanding		5,230
Net assets	$	48,809
Class R3: Net asset value per share	$	9.29
Shares outstanding		23
Net assets	$	213
Class R4: Net asset value per share	$	9.30
Shares outstanding		14
Net assets	$	131
Class R5: Net asset value per share	$	9.30
Shares outstanding		13
Net assets	$	120
Class Y: Net asset value per share	$	9.30
Shares outstanding		12,194
Net assets	$	113,356

The accompanying notes are an integral part of these financial statements.

28

The Hartford Strategic Income Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	41
Interest		23,742
Less: Foreign tax withheld		(44	)
Total investment income		23,739
Expenses:
Investment management fees		2,707
Administrative services fees
Class R3		—
Class R4		—
Class R5		—
Transfer agent fees
Class A		196
Class B		15
Class C		106
Class I		37
Class R3		—
Class R4		—
Class Y		3
Distribution fees
Class A		368
Class B		77
Class C		1,158
Class R3		1
Class R4		—
Custodian fees		45
Accounting services fees		99
Registration and filing fees		123
Board of Directors' fees		14
Audit fees		15
Other expenses		88
Total expenses (before waivers and fees paid indirectly)		5,052
Expense waivers		(167	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(167	)
Total expenses, net		4,885
Net Investment Income		18,854
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		7,024
Less: Foreign taxes paid on realized capital gains		(12	)
Net realized loss on purchased option contracts		(434	)
Net realized loss on TBA sale transactions		(830	)
Net realized gain on futures contracts		3,318
Net realized gain on written option contracts		7
Net realized gain on swap contracts		2,666
Net realized loss on foreign currency contracts		(257	)
Net realized loss on other foreign currency transactions		(149	)
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		11,333
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(2,285	)
Net unrealized depreciation of purchased option contracts		(183	)
Net unrealized appreciation of TBA sale commitments		108
Net unrealized depreciation of futures contracts		(821	)
Net unrealized appreciation of written option contracts		100
Net unrealized appreciation of swap contracts		77
Net unrealized depreciation of foreign currency contracts		(505	)
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(45	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(3,554	)
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		7,779
Net Increase in Net Assets Resulting from Operations	$	26,633

The accompanying notes are an integral part of these financial statements.

29

The Hartford Strategic Income Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	18,854		$	24,632
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		11,333			(2,650	)
Net unrealized depreciation of investments, other financial instruments and foreign currency transactions		(3,554	)		(13,636	)
Net Increase (Decrease) in Net Assets Resulting from Operations		26,633			(8,346	)
Distributions to Shareholders:
From net investment income
Class A		(5,833	)		(7,682	)
Class B		(244	)		(342	)
Class C		(3,714	)		(5,382	)
Class I		(1,868	)		(3,158	)
Class R3		(8	)		(7	)
Class R4		(5	)		(5	)
Class R5		(5	)		(5	)
Class Y		(7,645	)		(8,236	)
Total from net investment income		(19,322	)		(24,817	)
From net realized gain on investments
Class A		—			(6,363	)
Class B		—			(353	)
Class C		—			(5,982	)
Class I		—			(2,850	)
Class R3		—			(4	)
Class R4		—			(4	)
Class R5		—			(3	)
Class Y		—			(4,823	)
Total from net realized gain on investments		—			(20,382	)
Total distributions		(19,322	)		(45,199	)
Capital Share Transactions:
Class A		(18,130	)		(47,299	)
Class B		(2,953	)		(2,613	)
Class C		(20,638	)		(68,997	)
Class I		(2,517	)		(48,675	)
Class R3		(30	)		108
Class R4		(12	)		18
Class R5		5			8
Class Y		(105,576	)		52,059
Net decrease from capital share transactions		(149,851	)		(115,391	)
Net Decrease in Net Assets		(142,540	)		(152,244	)
Net Assets:
Beginning of period		565,668			717,912
End of period	$	423,128		$	565,668
Undistributed (distributions in excess of) net investment income	$	(435	)	$	199

The accompanying notes are an integral part of these financial statements.

30

The Hartford Strategic Income Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Strategic Income Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

31

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of OTC options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date. 

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent

32

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. For more information on specific valuation techniques and unobservable inputs, please see the following table titled "Quantitative Information about Level 3 Fair Value Measurements."

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund’s Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company’s Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

33

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Quantitative Information about Level 3 Fair Value Measurements:

Security Type/Valuation Technique	Unobservable Input *	Input Value(s) Range (Weighted Average) ‡	Fair Value at October 31, 2014
Assets:
Asset and Commercial Mortgage Backed Securities
Cost	Recent trade price	$100.44	$	281
	Date	10/24/2014
Discounted cash flow	Internal rate of return	3.08% - 6.87% (4.50%)		14,723
	Life expectancy (in months)	24 - 273 (139)
Independent pricing service	Prior day valuation	$67.09 - $68.63 ($67.32)		2,120
Common Stocks
Model Δ	Enterprise Value/Estimated 2014 EBITDA	5.85x to 7.18x for Platform Services, 4.93x to 5.15x for Land Drilling, 5.20x to 6.86 x MODU, 6.19x to 8.42x Bentec		408
Corporate Bonds
Cost	Recent trade price	$100.00		930
	Date	10/30/2014
Total			$	18,462
Liabilities:
Swap Contracts: ▲
Independent pricing service	Prior day valuation	($0.31)	$	40
Total			$	40

* Significant changes to any unobservable inputs may result in a significant change to the fair value.

‡ Unless otherwise noted, inputs were weighted based on the fair value of the investments included in the range.

Δ Includes illiquidity discount of 10%.

▲ Derivative instruments are valued at the unrealized appreciation/depreciation on the investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into. 

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable. 

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Statement of Operations as a reduction to net realized gain on investments in these securities.  

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

34

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared and paid monthly. Dividends from realized gains, if any, are paid at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

35

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund, as shown on the Schedule of Investments, had open TBA commitments as of October 31, 2014, which may be a part of dollar roll transactions.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage

36

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option,

37

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:
Call Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		337,000		$	7
Written		23,205,000			392
Expired		(337,000	)		(7	)
Closed		—			—
Exercised		—			—
End of period		23,205,000		$	392

Put Options Written During the Year	Number of Contracts*		Premium Amounts
Beginning of the period		—	$	—
Written		23,205,000		281
Expired		—		—
Closed		—		—
Exercised		—		—
End of period		23,205,000	$	281

* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the

38

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a

39

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the  Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund, as shown on the  Schedule of Investments, had outstanding interest rate swap contracts as of October 31, 2014.

Spreadlock Swap Contracts – The Fund may invest in spreadlock swap contracts. These contracts involve commitments to pay or receive a settlement amount calculated as the spread difference between two interest rate curves and a fixed spread at a specific forward date determined at the beginning of the contract. Settlement amounts paid or received are recorded as a realized gain or loss on the Statement of Operations at the determination date.  The Fund had no outstanding spreadlock swap contracts as of October 31, 2014.

Total Return Swap Contracts – The Fund may invest in total return swap contracts. An investment in a total return swap allows the Fund to gain or mitigate exposure to underlying referenced securities, indices or commodities. Total return swap contracts on commodities involve commitments where cash flows are exchanged based on the price of a commodity and based on a fixed or variable rate. One party would receive payments based on the price appreciation or depreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying to or receiving from the counterparty seller an agreed-upon rate, which can be fixed or variable. A variable rate may be correlated to a base rate, such as the LIBOR, and is adjusted each reset period, which are defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.

Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment from or make a payment to the counterparty.

Variance swap contracts involve two parties agreeing to exchange cash flows based on the measured variance (or square of volatility) of a specified underlying asset. One party agrees to exchange a fixed rate or strike price payment for the floating rate or realized price variance on the underlying asset with respect to the notional amount. At inception, the strike price is generally chosen such that the fair value of the swap is zero. At the maturity date, a net cash flow is exchanged, where the payoff amount is equivalent to the difference between the realized price variance of the underlying asset and the strike price multiplied by the notional amount. This type of agreement is essentially a forward contract on the future realized price variance of the underlying asset. The Fund, as shown on the Schedule of investments, had outstanding total return swap contracts as of October 31, 2014.

40

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	24	$	177	$	—	$	—	$	—	$	—	$	201
Unrealized appreciation on foreign currency contracts		—		335		—		—		—		—		335
Unrealized appreciation on OTC swap contracts		7		—		3,832		—		—		—		3,839
Variation margin receivable *		154		—		155		—		—		—		309
Total	$	185	$	512	$	3,987	$	—	$	—	$	—	$	4,684
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	558	$	—	$	—	$	—	$	—	$	558
Unrealized depreciation on OTC swap contracts		—		—		1,498		40		—		—		1,538
Variation margin payable *		272		—		96		—		—		—		368
Written option contracts, market value		—		—		567		—		—		—		567
Total	$	272	$	558	$	2,161	$	40	$	—	$	—	$	3,031

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative depreciation of $(74) and open centrally cleared swaps net cumulative appreciation of $120 as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts			Equity Contracts			Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized loss on purchased option contracts	$	(414	)	$	(20	)	$	—		$	—		$	—	$	—	$	(434	)
Net realized gain on futures contracts		3,318			—			—			—			—		—		3,318
Net realized gain on written option contracts		—			7			—			—			—		—		7
Net realized gain (loss) on swap contracts		(1,511	)		—			4,963			(786	)		—		—		2,666
Net realized loss on foreign currency contracts		—			(257	)		—			—			—		—		(257	)
Total	$	1,393		$	(270	)	$	4,963		$	(786	)	$	—	$	—	$	5,300
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of purchased option contracts	$	(189	)	$	6		$	—		$	—		$	—	$	—	$	(183	)
Net change in unrealized depreciation of futures contracts		(821	)		—			—			—			—		—		(821	)
Net change in unrealized appreciation (depreciation) of written option contracts		—			(6	)		106			—			—		—		100
Net change in unrealized appreciation (depreciation) of swap contracts		523			—			(406	)		(40	)		—		—		77
Net change in unrealized depreciation of foreign currency contracts		—			(505	)		—			—			—		—		(505	)
Total	$	(487	)	$	(505	)	$	(300	)	$	(40	)	$	—	$	—	$	(1,332	)

41

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received			Cash Collateral Received			Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	5,922	$	(2,307	)	$	(1,834	)	$	(1,469	)†	$	312
Futures contracts - variation margin receivable		154		(154	)		—			—			—
Swap contracts - variation margin receivable		155		(99	)		—			—			56
Unrealized appreciation on foreign currency contracts		335		(131	)		—			—			204
Total subject to a master netting or similar arrangement	$	6,566	$	(2,691	)	$	(1,834	)	$	(1,469	)	$	572

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

† An additional $45 of non-cash collateral and $146 of cash collateral was received by the Fund related to derivative assets.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged			Cash Collateral Pledged			Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	2,747	$	(2,307	)	$	—		$	(260	)	$	180
Futures contracts - variation margin payable		269		(154	)		(1,799	)		—			—
Swaps contracts - variation margin payable		99		(99	)		(1,496	)		(1,077	)		—
Unrealized depreciation on foreign currency contracts		558		(131	)		—			—			427
Total subject to a master netting or similar arrangement	$	3,673	$	(2,691	)	$	(3,295	)	$	(1,337	)	$	607

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest

42

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

43

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	19,322	$	38,153
Long-Term Capital Gains ‡		—		7,186

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	4,056
Undistributed Long-Term Capital Gain		5,095
Unrealized Appreciation*		2,280
Total Accumulated Earnings	$	11,431

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(166	)
Accumulated Net Realized Gain (Loss)		166

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

During the year ended October 31, 2014, the Fund utilized $1,392 of prior year short term capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund

44

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.550%
On next $500 million	0.500%
On next $1.5 billion	0.475%
On next $2.5 billion	0.465%
On next $5 billion	0.455%
Over $10 billion	0.445%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.020%
On next $5 billion	0.015%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.95%	1.70%	1.70%	0.70%	1.25%	0.95%	0.65%	0.60%

Fees Paid Indirectly – The Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

45

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		0.95	%
Class B		1.70
Class C		1.69
Class I		0.68
Class R3		1.25
Class R4		0.95
Class R5		0.65
Class Y		0.60

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $330 and contingent deferred sales charges of $11 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $1. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

46

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R4		67	%		—	%*
Class R5		100	%		—	%*
Class Y		—	%*		—	%*

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		11	%

* Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	1,686,473	$	36,532	$	1,723,005
Sales Proceeds		1,857,596		36,989		1,894,585

47

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		3,354		609		(5,931	)		(1,968	)		3,879		1,449		(10,535	)		(5,207	)
Amount	$	31,282	$	5,658	$	(55,070	)	$	(18,130	)	$	36,360	$	13,521	$	(97,180	)	$	(47,299	)
Class B
Shares		25		24		(367	)		(318	)		105		68		(456	)		(283	)
Amount	$	227	$	225	$	(3,405	)	$	(2,953	)	$	992	$	631	$	(4,236	)	$	(2,613	)
Class C
Shares		1,126		368		(3,728	)		(2,234	)		1,857		1,100		(10,469	)		(7,512	)
Amount	$	10,530	$	3,425	$	(34,593	)	$	(20,638	)	$	17,476	$	10,292	$	(96,765	)	$	(68,997	)
Class I
Shares		2,636		149		(3,070	)		(285	)		2,031		503		(7,789	)		(5,255	)
Amount	$	24,785	$	1,386	$	(28,688	)	$	(2,517	)	$	19,107	$	4,721	$	(72,503	)	$	(48,675	)
Class R3
Shares		10		1		(14	)		(3	)		11		1		(1	)		11
Amount	$	88	$	8	$	(126	)	$	(30	)	$	108	$	11	$	(11	)	$	108
Class R4
Shares		1		1		(4	)		(2	)		1		1		—			2
Amount	$	16	$	5	$	(33	)	$	(12	)	$	14	$	9	$	(5	)	$	18
Class R5
Shares		—		1		—			1			—		—		—			—
Amount	$	—	$	5	$	—		$	5		$	—	$	8	$	—		$	8
Class Y
Shares		7,243		826		(19,187	)		(11,118	)		14,239		1,407		(9,992	)		5,654
Amount	$	66,921	$	7,645	$	(180,142	)	$	(105,576	)	$	132,191	$	13,059	$	(93,191	)	$	52,059
Total
Shares		14,395		1,979		(32,301	)		(15,927	)		22,123		4,529		(39,242	)		(12,590	)
Amount	$	133,849	$	18,357	$	(302,057	)	$	(149,851	)	$	206,248	$	42,252	$	(363,891	)	$	(115,391	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		18	$	166
For the Year Ended October 31, 2013		31	$	283

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

48

The Hartford Strategic Income Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

49

The Hartford Strategic Income Fund

Financial Highlights

	- Selected Per-Share Data - (A)																							- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	9.21	$	0.36	$	0.10		$	0.46	$	(0.37	)	$	–		$	(0.37	)	$	9.30		5.06	%	$	144,172		1.01	%		0.95	%		3.82	%
B		9.21		0.29		0.10			0.39		(0.30	)		–			(0.30	)		9.30		4.25			6,367		1.82			1.70			3.10
C		9.23		0.29		0.10			0.39		(0.30	)		–			(0.30	)		9.32		4.26			109,960		1.72			1.69			3.08
I		9.24		0.38		0.10			0.48		(0.39	)		–			(0.39	)		9.33		5.32			48,809		0.71			0.68			4.09
R3		9.21		0.33		0.09			0.42		(0.34	)		–			(0.34	)		9.29		4.64			213		1.40			1.25			3.54
R4		9.21		0.36		0.10			0.46		(0.37	)		–			(0.37	)		9.30		5.06			131		1.05			0.95			3.83
R5		9.21		0.38		0.11			0.49		(0.40	)		–			(0.40	)		9.30		5.38			120		0.73			0.65			4.10
Y		9.20		0.39		0.11			0.50		(0.40	)		–			(0.40	)		9.30		5.55			113,356		0.63			0.60			4.25
For the Year Ended October 31, 2013
A	$	9.70	$	0.36	$	(0.21	)	$	0.15	$	(0.36	)	$	(0.28	)	$	(0.64	)	$	9.21		1.67	%	$	160,916		0.99	%		0.95	%		3.83	%
B		9.70		0.29		(0.21	)		0.08		(0.29	)		(0.28	)		(0.57	)		9.21		0.91			9,233		1.79			1.70			3.09
C		9.72		0.29		(0.21	)		0.08		(0.29	)		(0.28	)		(0.57	)		9.23		0.90			129,507		1.69			1.68			3.07
I		9.73		0.37		(0.19	)		0.18		(0.39	)		(0.28	)		(0.67	)		9.24		1.93			50,963		0.70			0.69			4.00
R3		9.70		0.35		(0.22	)		0.13		(0.34	)		(0.28	)		(0.62	)		9.21		1.40			242		1.39			1.25			3.74
R4		9.70		0.36		(0.21	)		0.15		(0.36	)		(0.28	)		(0.64	)		9.21		1.68			143		1.03			0.95			3.91
R5		9.70		0.39		(0.21	)		0.18		(0.39	)		(0.28	)		(0.67	)		9.21		1.98			114		0.71			0.65			4.20
Y		9.69		0.40		(0.21	)		0.19		(0.40	)		(0.28	)		(0.68	)		9.20		2.04			214,550		0.61			0.60			4.30
For the Year Ended October 31, 2012
A	$	9.20	$	0.37	$	0.51		$	0.88	$	(0.35	)	$	(0.03	)	$	(0.38	)	$	9.70		9.80	%	$	219,909		0.98	%		0.96	%		3.90	%
B		9.20		0.30		0.51			0.81		(0.28	)		(0.03	)		(0.31	)		9.70		8.96			12,461		1.78			1.72			3.17
C		9.21		0.30		0.52			0.82		(0.28	)		(0.03	)		(0.31	)		9.72		9.11			209,271		1.69			1.69			3.17
I		9.22		0.39		0.53			0.92		(0.38	)		(0.03	)		(0.41	)		9.73		10.18			104,759		0.70			0.70			4.11
R3		9.20		0.33		0.52			0.85		(0.32	)		(0.03	)		(0.35	)		9.70		9.47			141		1.34			1.27			3.56
R4		9.20		0.36		0.52			0.88		(0.35	)		(0.03	)		(0.38	)		9.70		9.79			132		1.02			0.97			3.88
R5		9.20		0.39		0.52			0.91		(0.38	)		(0.03	)		(0.41	)		9.70		10.12			112		0.71			0.67			4.20
Y		9.20		0.36		0.54			0.90		(0.38	)		(0.03	)		(0.41	)		9.69		10.08			171,127		0.60			0.60			3.82
For the Year Ended October 31, 2011 (D)
A	$	9.22	$	0.48	$	(0.01	)	$	0.47	$	(0.49	)	$	–		$	(0.49	)	$	9.20		5.20	%	$	191,353		0.98	%		0.98	%		5.27	%
B		9.21		0.41		–			0.41		(0.42	)		–			(0.42	)		9.20		4.51			13,259		1.78			1.75			4.52
C		9.23		0.42		(0.02	)		0.40		(0.42	)		–			(0.42	)		9.21		4.43			183,209		1.71			1.71			4.50
I		9.24		0.51		(0.02	)		0.49		(0.51	)		–			(0.51	)		9.22		5.47			70,365		0.71			0.71			5.47
R3(E)		9.10		0.04		0.08			0.12		(0.02	)		–			(0.02	)		9.20		1.34	(F)		101		1.33	(G)		1.30	(G)		5.14	(G)
R4(E)		9.10		0.04		0.09			0.13		(0.03	)		–			(0.03	)		9.20		1.37	(F)		101		1.03	(G)		1.00	(G)		5.43	(G)
R5(E)		9.10		0.04		0.09			0.13		(0.03	)		–			(0.03	)		9.20		1.40	(F)		101		0.73	(G)		0.70	(G)		5.72	(G)
Y		9.21		0.51		–			0.51		(0.52	)		–			(0.52	)		9.20		5.69			6,885		0.63			0.63			5.50

See Portfolio Turnover information on the next page.

50

The Hartford Strategic Income Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	8.69	$	0.56	$	0.51	$	1.07	$	(0.54	)	$	–	$	(0.54	)	$	9.22		12.74	%	$	196,945		0.97	%		0.97	%		6.26	%
B		8.69		0.49		0.50		0.99		(0.47	)		–		(0.47	)		9.21		11.72			15,110		1.77			1.77			5.48
C		8.70		0.49		0.52		1.01		(0.48	)		–		(0.48	)		9.23		11.89			155,499		1.70			1.70			5.53
I		8.71		0.58		0.51		1.09		(0.56	)		–		(0.56	)		9.24		12.98			60,203		0.71			0.71			6.53
Y		8.69		0.60		0.49		1.09		(0.57	)		–		(0.57	)		9.21		12.99			8,272		0.62			0.62			6.70

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

(E) Commenced operations on September 30, 2011.

(F) Not annualized.

(G) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		71	%
For the Year Ended October 31, 2013		55
For the Year Ended October 31, 2012		121
For the Year Ended October 31, 2011		156
For the Year Ended October 31, 2010		158

51

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Strategic Income Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Strategic Income Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

52

The Hartford Strategic Income Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

53

The Hartford Strategic Income Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

54

The Hartford Strategic Income Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

55

The Hartford Strategic Income Fund

Federal Tax Information (Unaudited)   

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

56

The Hartford Strategic Income Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,019.30	$	4.85	$	1,000.00	$	1,020.40	$	4.85		0.95	%	184	365
Class B	$	1,000.00	$	1,015.40	$	8.65	$	1,000.00	$	1,016.62	$	8.65		1.70		184	365
Class C	$	1,000.00	$	1,015.50	$	8.59	$	1,000.00	$	1,016.69	$	8.59		1.69		184	365
Class I	$	1,000.00	$	1,020.60	$	3.46	$	1,000.00	$	1,021.78	$	3.47		0.68		184	365
Class R3	$	1,000.00	$	1,017.80	$	6.37	$	1,000.00	$	1,018.89	$	6.38		1.25		184	365
Class R4	$	1,000.00	$	1,019.30	$	4.85	$	1,000.00	$	1,020.40	$	4.85		0.95		184	365
Class R5	$	1,000.00	$	1,020.90	$	3.32	$	1,000.00	$	1,021.92	$	3.33		0.65		184	365
Class Y	$	1,000.00	$	1,022.20	$	3.07	$	1,000.00	$	1,022.17	$	3.07		0.60		184	365

57

The Hartford Strategic Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Strategic Income Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

58

The Hartford Strategic Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1-year period, the 3^rd quintile for the 3-year period and the 4^th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

59

The Hartford Strategic Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile of its expense group.The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

60

The Hartford Strategic Income Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

61

The Hartford Strategic Income Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price) and call risk (the risk that an investment may be redeemed early). These risks also apply to the Fund’s investments in U.S. government securities, which may not be guaranteed by the U.S. government.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Loan Risk: The Fund’s investments in loans may at times become difficult to value and highly illiquid; they are subject to credit risk such as nonpayment of principal or interest, and risks of bankruptcy and insolvency.

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool. The Fund may purchase mortgage-backed securities in the “to be announced’ (“TBA”) market. This subjects the Fund to counterparty risk and the risk that the security the Fund buys will lose value prior to its delivery.

Foreign Investment, Emerging Markets and Sovereign Debt Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. Sovereign debt investments are subject to credit risk and the risk of default.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

62

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-SI14 12/14 114001-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD TOTAL RETURN BOND FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Total Return Bond Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	29
Statement of Operations for the Year Ended October 31, 2014	31
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	32
Notes to Financial Statements	33
Financial Highlights	51
Report of Independent Registered Public Accounting Firm	53
Directors and Officers (Unaudited)	54
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	56
Quarterly Portfolio Holdings Information (Unaudited)	56
Federal Tax Information (Unaudited)	57
Expense Example (Unaudited)	58
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	59
Main Risks (Unaudited)	63

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Total Return Bond Fund inception 07/22/1996

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks a competitive total return, with income as a secondary objective.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Total Return Bond A#		4.46	%		4.64	%		3.96	%
Total Return Bond A##		-0.24	%		3.68	%		3.48	%
Total Return Bond B#		3.72	%		3.86	%		3.34	%*
Total Return Bond B##		-1.28	%		3.51	%		3.34	%*
Total Return Bond C#		3.68	%		3.85	%		3.19	%
Total Return Bond C##		2.68	%		3.85	%		3.19	%
Total Return Bond I#		4.75	%		4.92	%		4.21	%
Total Return Bond R3#		4.16	%		4.33	%		3.85	%
Total Return Bond R4#		4.48	%		4.63	%		4.06	%
Total Return Bond R5#		4.79	%		4.94	%		4.30	%
Total Return Bond Y#		4.89	%		5.05	%		4.38	%
Barclays U.S. Aggregate Bond Index		4.14	%		4.22	%		4.64	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 8/31/06. Performance prior to that date is that of the Fund's Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 12/22/06. Performance prior to that date is that of the Fund's Class Y shares, which had different operating expenses.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of March 5, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund. 

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index. 

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Total Return Bond Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*

	Net			Gross
Total Return Bond Class A		0.87	%		0.99	%
Total Return Bond Class B		1.62	%		1.88	%
Total Return Bond Class C		1.58	%		1.70	%
Total Return Bond Class I		0.56	%		0.68	%
Total Return Bond Class R3		1.16	%		1.28	%
Total Return Bond Class R4		0.84	%		0.96	%
Total Return Bond Class R5		0.55	%		0.67	%
Total Return Bond Class Y		0.43	%		0.55	%

* As shown in the Fund's prospectus dated March 1, 2014, as supplemented October 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014, as supplemented October 1, 2014. Net expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014, as supplemented October 1, 2014, and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Certain contractual waivers/reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. Other contractual waivers/reimbursements remain in effect until February 29, 2016 and automatically renew for one-year terms unless terminated. 

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date. However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.  The net expense ratios shown in the November 7, 2014 prospectus are 0.87%, 1.62%, 1.59%, 0.57%, 1.17%, 0.85%, 0.56% and 0.44% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively, and reflect contractual expense reimbursements in place until February 29, 2016. The gross expense ratios shown in the November 7, 2014 prospectus are 0.88%, 1.77%, 1.59%, 0.57%, 1.17%, 0.85%, 0.56% and 0.44% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Joseph F. Marvan, CFA	Lucius T. Hill, III	Campe Goodman, CFA
Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Total Return Bond Fund returned 4.46%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the Barclays U.S. Aggregate Bond Index, which returned 4.14% for the same period. The Fund also outperformed the 4.19% average return of the Lipper Core Bond Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter gross domestic product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The U.S. Treasury curve flattened as markets contemplated bringing interest rates to normal levels; short-term yields rose while longer term rates declined. Most credit risk sectors posted positive absolute returns and outperformed duration-equivalent government bonds as credit spreads tightened.

3

The Hartford Total Return Bond Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

The primary drivers of the Fund’s relative outperformance versus the benchmark were an out-of-benchmark allocation to non-agency mortgage backed securities (MBS) and an overweight to commercial mortgage backed securities (CMBS). Positioning within investment grade credit, particularly an overweight to Financials, was another strong contributor to outperformance during the period. An allocation to bank loans was also additive to relative results as was duration and yield curve positioning. On the other hand, an out-of-benchmark allocation to TIPS detracted, especially toward the end of the period, as inflation expectations fell.

Derivatives used in the portfolio during this period primarily consisted of currency forwards, bond futures, and investment grade and high yield credit default swap (CDS) index positions that were used as a source of liquidity and to manage overall portfolio risk. In isolation, derivative positions modestly detracted from relative results.

What is the outlook?

We are positive on U.S. economic growth over the next year based on supportive monetary policy and diminishing fiscal drag, along with companies’ improving confidence and willingness to invest. Accordingly, our risk stance is pro-cyclical and we favor credit generally. We ended the period with an overweight to high quality CMBS and an allocation to senior tranches of collateralized loan obligations within the Asset Backed Securities sector. We continued to hold an out-of-benchmark allocation to non-agency MBS. We also favored upper-tier high-yield bonds, bank loans, and European bank contingent convertible securities. We held a modest allocation to unhedged local currency emerging market debt. We maintained underweights to agency MBS pass-throughs and investment grade credit, though we continued to favor U.S. financials and communications issuers. Additionally, we positioned the Fund with a short duration posture at the end of the period.

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Aaa/ AAA		45.9	%
Aa/ AA		13.0
A		5.3
Baa/ BBB		14.8
Ba/ BB		8.2
B		4.7
Caa/ CCC or Lower		5.4
Not Rated		2.9
Non-Debt Securities and Other Short-Term Instruments		22.9
Other Assets and Liabilities		(23.1	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Equity Securities
Preferred Stocks		0.1	%
Total		0.1	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		28.2	%
Corporate Bonds		24.4
Foreign Government Obligations		2.1
Municipal Bonds		0.9
Senior Floating Rate Interests		5.0
U.S. Government Agencies		31.9
U.S. Government Securities		7.7
Total		100.2	%
Short-Term Investments		22.8
Purchased Options		0.0
Other Assets and Liabilities		(23.1	)
Total		100.0	%

4

The Hartford Total Return Bond Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 28.2%
		Finance and Insurance - 28.2%
		Adjustable Rate Mortgage Trust
$	2,299	0.42%, 11/25/2035 Δ	$	2,118
		American Home Mortgage Assets Trust
	1,045	1.06%, 10/25/2046 Δ		762
		American Money Management Corp.
	4,200	1.68%, 07/27/2026 ■‡Δ		4,159
		Apidos CLO
	2,935	1.68%, 01/19/2025 ■‡Δ		2,919
	4,775	1.71%, 04/17/2026 ■‡Δ		4,749
		Ares CLO Ltd.
	4,013	1.02%, 04/20/2023 ■‡Δ		3,988
	4,460	1.76%, 04/17/2026 ■‡Δ		4,439
		Atlas Senior Loan Fund Ltd.
	3,775	1.78%, 10/15/2026 ■‡Δ		3,773
	1,905	1.81%, 07/16/2026 ■╦Δ		1,896
		Atrium CDO Corp.
	1,740	1.99%, 11/16/2022 ■Δ		1,698
	3,420	2.38%, 10/23/2025 ■Δ		3,387
		Avalon IV Capital Ltd.
	1,755	2.08%, 04/17/2023 ■Δ		1,721
		Avery Point CLO Ltd.
	4,375	1.75%, 04/25/2026 ■Δ		4,359
		Babson CLO Ltd.
	1,030	1.72%, 07/12/2025 ■╦Δ		1,025
		Banc of America Commercial Mortgage, Inc.
	1,528	5.35%, 09/10/2047 ╦Δ		1,568
	3,351	5.44%, 11/10/2042 Δ		3,358
	273	5.75%, 02/10/2051 Δ		300
		Banc of America Funding Corp.
	241	0.39%, 02/20/2047 Δ		207
	2,918	0.46%, 05/20/2047 Δ		2,380
	3,560	5.77%, 05/25/2037		3,004
	164	5.85%, 01/25/2037		133
		BCAP LLC Trust
	601	0.32%, 01/25/2037 Δ		453
	1,615	0.33%, 03/25/2037 Δ		1,303
		Bear Stearns Adjustable Rate Mortgage Trust
	1,165	2.26%, 08/25/2035 Δ		1,169
	2,016	2.43%, 10/25/2035 Δ		1,985
		Bear Stearns Alt-A Trust
	300	0.47%, 08/25/2036 Δ		227
	1,711	0.53%, 05/25/2036 Δ		1,252
	3,713	0.65%, 01/25/2036 Δ		2,942
		Bear Stearns Commercial Mortgage Securities, Inc.
	1,330	5.29%, 10/12/2042 ╦Δ		1,352
	1,298	5.33%, 02/11/2044 ╦		1,395
	3,842	5.41%, 12/11/2040		3,959
	490	5.47%, 01/12/2045		528
	1,096	5.54%, 10/12/2041 ╦		1,170
	3,491	5.69%, 06/11/2050		3,818
	3,005	5.90%, 06/11/2040 ‡Δ		3,305
		Cal Funding II Ltd.
	740	3.47%, 10/25/2027 ■		736
		Cent CLO L.P.
	3,995	1.71%, 01/25/2026 ■‡Δ		3,976
	2,865	1.72%, 07/27/2026 ■‡Δ		2,842
		CHL Mortgage Pass-Through Trust
	1,394	0.49%, 03/25/2035 Δ		1,200
	751	2.42%, 06/20/2035 Δ		721
		CIFC Funding Ltd.
	8,920	1.73%, 04/18/2025 - 05/24/2026 ■‡Δ		8,853
	3,545	2.34%, 08/14/2024 ■Δ		3,470
		Citigroup Commercial Mortgage Trust
	2,100	4.02%, 03/10/2047 ╦		2,231
	2,780	6.34%, 12/10/2049 ‡Δ		3,080
		Citigroup/Deutsche Bank Commercial Mortgage Trust
	2,350	5.30%, 01/15/2046 ‡Δ		2,441
	5,185	5.32%, 12/11/2049 ‡		5,542
		Commercial Mortgage Loan Trust
	5,467	6.24%, 12/10/2049 ‡Δ		5,924
		Commercial Mortgage Pass-Through Certificates
	10,854	2.60%, 07/10/2046 ■►		473
	1,160	2.85%, 10/15/2045 ╦		1,148
	3,380	3.96%, 02/10/2047 - 03/10/2047 ╦		3,576
	1,425	4.02%, 07/10/2045		1,520
	2,350	4.05%, 04/10/2047		2,503
	1,362	5.95%, 06/10/2046 Δ		1,440
		Commercial Mortgage Trust
	3,050	3.42%, 03/10/2031 ■		3,105
	1,105	4.50%, 03/10/2046 ■Δ		741
		Community or Commercial Mortgage Trust
	805	3.21%, 03/10/2046 ╦		814
	1,155	3.69%, 08/10/2047 ╦		1,189
	1,630	4.01%, 04/10/2047 ╦		1,730
	2,060	4.38%, 07/10/2045 Δ		2,242
		Countrywide Alternative Loan Trust
	2,913	0.42%, 01/25/2036 Δ		2,588
	1,544	0.47%, 11/25/2035 Δ		1,245
	277	0.65%, 12/25/2035 Δ		200
	3,293	5.75%, 05/25/2036		2,802
	276	6.00%, 12/25/2036		218
	785	6.50%, 08/25/2037		568
		Countrywide Home Loans, Inc.
	2,737	2.58%, 09/25/2047 Δ		2,436
	1,045	2.73%, 04/20/2036 Δ		730
	1,569	4.87%, 11/20/2035 Δ		1,407
	2,240	5.75%, 08/25/2037		2,144
		CPS Automotive Trust
	1,042	1.54%, 07/16/2018 ■		1,046
	690	1.82%, 12/16/2019 ■		697
	124	5.01%, 06/17/2019 ■		127
		Credit Acceptance Automotive Loan Trust
	2,380	1.21%, 10/15/2020 ■		2,380
	1,595	1.50%, 04/15/2021 ■		1,600
	2,075	1.55%, 10/15/2021 ■		2,077
	4,100	1.88%, 03/15/2022 ■		4,096
	805	2.21%, 09/15/2020 ■		812
	2,240	3.12%, 03/16/2020 ■		2,257
		Credit Suisse Commercial Mortgage Trust
	80	5.97%, 02/15/2041 Δ		89
		CS First Boston Mortgage Securities Corp.
	1,375	4.77%, 07/15/2037		1,394
	2,790	4.88%, 04/15/2037		2,811
	1,960	5.50%, 06/25/2035		1,871
		CW Capital Cobalt Ltd.
	1,658	5.22%, 08/15/2048		1,758

The accompanying notes are an integral part of these financial statements.

5

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 28.2% - (continued)
		Finance and Insurance - 28.2% - (continued)
		DBUBS Mortgage Trust
$	11,125	1.55%, 01/01/2021 ■►	$	287
		Downey S & L Association Mortgage Loan Trust
	1,148	1.04%, 03/19/2046 Δ		888
		Dryden Senior Loan Fund
	4,695	1.58%, 04/18/2026 ■‡Δ		4,641
	4,800	1.70%, 07/15/2026 ■Δ		4,772
		First Franklin Mortgage Loan Trust
	2,250	0.39%, 04/25/2036 Δ		1,456
		First Horizon Alternative Mortgage Securities
	5,515	2.21%, 04/25/2036 Δ		4,608
	2,921	2.24%, 09/25/2035 Δ		2,551
		First Investors Automotive Owner Trust
	1,175	1.49%, 01/15/2020 ■		1,180
	605	1.81%, 10/15/2018 ■		610
		Flagship Credit Automotive Trust
	1,021	1.21%, 04/15/2019 ■		1,019
		Flatiron CLO Ltd.
	1,015	2.13%, 07/17/2026 ■Δ		997
		Ford Credit Floorplan Master Owner Trust
	695	1.40%, 02/15/2019 ╦		695
		Four Times Square Trust
	1,710	5.40%, 12/13/2028 ■╦		1,943
		FREMF Mortgage Trust
	2,495	3.08%, 10/25/2047 ■		2,479
	2,710	5.41%, 09/25/2043 ■Δ		3,001
		GE Business Loan Trust
	944	1.15%, 05/15/2034 ■Δ		743
		GE Capital Commercial Mortgage Corp.
	950	5.49%, 11/10/2045 ╦Δ		971
		GM Financial Automobile Leasing Trust
	650	1.96%, 03/20/2018 ■		652
		GMAC Commercial Mortgage Securities, Inc.
	1,927	5.24%, 11/10/2045 Δ		1,984
		GMAC Mortgage Corp. Loan Trust
	1,565	2.93%, 09/19/2035 Δ		1,463
	225	2.95%, 04/19/2036 Δ		198
		Gramercy Park CLO Ltd.
	4,250	1.53%, 07/17/2023 ■‡Δ		4,236
		Greenwich Capital Commercial Funding Corp.
	4,155	5.74%, 12/10/2049		4,547
	966	6.01%, 07/10/2038 ╦Δ		1,023
		GS Mortgage Securities Trust
	27,465	0.37%, 07/10/2046 ►		328
	5,265	1.86%, 08/10/2044 ■►		321
	2,010	2.95%, 11/05/2034 ■╦		1,991
	695	3.67%, 04/10/2047 ■Δ		477
	1,920	3.68%, 04/12/2047 ╦Δ		2,008
	4,075	3.86%, 06/10/2047 ‡		4,269
	2,090	4.00%, 04/10/2047 ╦Δ		2,214
	1,310	5.03%, 04/10/2047 ■Δ		1,235
		GSAA Home Equity Trust
	7,393	0.23%, 02/25/2037 Δ		4,024
	1,360	0.24%, 12/25/2036 Δ		677
	2,090	0.25%, 03/25/2037 Δ		1,084
	693	0.45%, 03/25/2036 Δ		489
	1,904	5.98%, 06/25/2036		1,119
		GSR Mortgage Loan Trust
	343	0.65%, 11/25/2035 Δ		254
	5,126	2.74%, 01/25/2036 Δ		4,744
		Harborview Mortgage Loan Trust
	1,976	0.35%, 01/19/2038 Δ		1,669
	3,436	0.38%, 05/19/2047 Δ		1,345
	2,658	0.40%, 12/19/2036 Δ		1,880
	1,146	0.51%, 01/19/2035 Δ		802
		Hilton USA Trust
	3,260	2.66%, 11/05/2030 ■‡		3,279
	510	2.91%, 11/05/2030 ■Δ		510
		IndyMac Index Mortgage Loan Trust
	673	0.39%, 07/25/2035 Δ		598
	1,644	0.43%, 07/25/2035 Δ		1,402
	299	0.44%, 01/25/2036 Δ		206
	4,216	0.55%, 07/25/2046 Δ		2,070
	1,109	2.46%, 01/25/2036 Δ		1,033
	720	2.47%, 08/25/2035 Δ		577
	58	2.60%, 12/25/2036 Δ		51
		ING Investment Management CLO Ltd.
	2,300	1.43%, 03/14/2022 ■╦Δ		2,284
	4,690	1.77%, 04/18/2026 ■‡Δ		4,668
	1,565	2.08%, 03/14/2022 ■Δ		1,535
		JP Morgan Chase Commercial Mortgage Securities Corp.
	3,558	1.65%, 02/12/2051 Δ		3,568
	811	2.75%, 10/15/2045 ■		614
	2,260	2.83%, 10/15/2045		2,240
	1,305	3.91%, 05/05/2030 ■Δ		1,363
	2,740	4.17%, 12/15/2046 ‡		2,949
	730	4.57%, 12/15/2047 ■Δ		621
	625	4.82%, 10/15/2045 ■Δ		620
	4,667	5.34%, 05/15/2047 ‡		4,987
	3,575	5.40%, 12/15/2044 ‡Δ		3,672
	2,917	5.42%, 01/12/2043 ‡Δ		3,010
	1,752	5.72%, 02/15/2051 ╦		1,909
	4,193	5.89%, 02/12/2049 ‡Δ		4,559
	1,110	6.06%, 04/15/2045 ╦Δ		1,170
		JP Morgan Mortgage Trust
	1,320	2.54%, 09/25/2035 Δ		1,270
	317	2.55%, 04/25/2037 Δ		284
	236	2.71%, 05/25/2036 Δ		210
		JPMBB Commercial Mortgage Securities Trust
	15,488	0.89%, 09/15/2047 ►		817
	1,650	3.77%, 08/15/2047 ╦		1,718
	1,665	3.80%, 09/15/2047 ╦		1,735
	2,085	4.00%, 04/15/2047		2,212
	1,250	4.20%, 01/15/2047 ╦		1,348
		LB-UBS Commercial Mortgage Trust
	348	5.43%, 02/15/2040		377
	4,897	5.86%, 07/15/2040 ‡		5,192
	880	6.32%, 04/15/2041 ╦Δ		981
		LCM Ltd.
	615	2.13%, 04/15/2022 ■Δ		603
		Lehman Brothers Small Balance Commercial
	190	5.52%, 09/25/2030 ■Δ		190
		Lehman XS Trust
	1,178	0.36%, 07/25/2046 Δ		934
	991	1.00%, 09/25/2047 Δ		810
		Limerock CLO
	4,765	1.73%, 04/18/2026 ■‡Δ		4,730
		Luminent Mortgage Trust
	2,421	0.35%, 02/25/2046 Δ		1,780

The accompanying notes are an integral part of these financial statements.

6

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 28.2% - (continued)
		Finance and Insurance - 28.2% - (continued)
		Madison Park Funding Ltd.
$	7,325	1.68%, 01/19/2025 - 07/20/2026 ■‡Δ	$	7,291
		Magnetite CLO Ltd.
	3,890	1.70%, 07/25/2026 ■‡Δ		3,856
	2,895	1.71%, 04/15/2026 ■‡Δ		2,879
	3,115	2.23%, 07/25/2026 ■‡Δ		3,023
		Merrill Lynch Mortgage Investors Trust
	690	2.52%, 07/25/2035 Δ		573
	918	2.75%, 03/25/2036 Δ		627
	935	5.14%, 07/12/2038		959
		Merrill Lynch/Countrywide Commercial Mortgage Trust
	3,292	5.38%, 08/12/2048 ‡		3,526
	1,040	5.42%, 08/12/2048		1,093
	2,185	5.70%, 09/12/2049		2,385
	2,921	5.81%, 06/12/2050 ‡Δ		3,181
		Morgan Stanley ABS Capital I
	2,179	0.30%, 06/25/2036 Δ		1,678
		Morgan Stanley BAML Trust
	5,310	3.74%, 08/15/2047 ‡Δ		5,510
	1,645	3.89%, 06/15/2047 Θ		1,730
	775	4.06%, 02/15/2047 ╦		826
	775	4.50%, 08/15/2045 ■		591
		Morgan Stanley Capital I
	42,572	1.08%, 09/15/2047 ■►		733
	2,596	4.99%, 08/13/2042		2,619
	693	5.38%, 11/14/2042 ╦Δ		708
	425	5.55%, 10/12/2052 ■Δ		431
	3,450	5.69%, 04/15/2049 ‡Δ		3,746
		Morgan Stanley Capital Investments
	2,074	5.81%, 12/12/2049		2,270
		Morgan Stanley Mortgage Loan Trust
	3,361	0.32%, 05/25/2036 - 11/25/2036 Δ		1,686
	1,158	2.59%, 05/25/2036 Δ		841
		Morgan Stanley Re-Remic Trust
	2,972	5.99%, 08/12/2045 - 08/15/2045 ■╦Δ		3,223
		National Credit Union Administration
	526	1.84%, 10/07/2020 Δ		530
		Neuberger Berman CLO XVI Ltd.
	3,510	1.70%, 03/01/2026 ■‡Δ		3,479
		Neuberger Berman CLO XVII Ltd.
	3,795	1.70%, 08/04/2025 ■‡Δ		3,762
		Oak Hill Credit Partners
	1,395	1.72%, 07/20/2026 ■╦Δ		1,386
		Octagon Investment Partners
	2,385	1.35%, 07/17/2025 ■╦Δ		2,338
		OZLM Funding Ltd.
	4,595	1.73%, 04/17/2026 ■‡Δ		4,573
		Prestige Automotive Receivables Trust
	1,685	2.49%, 04/16/2018 ■		1,711
		RBSGC Mortage Pass Through Certificates
	3,864	6.25%, 01/25/2037		3,622
		Residential Accredit Loans, Inc.
	276	0.37%, 02/25/2046 Δ		132
	407	0.92%, 09/25/2046 Δ		273
	3,996	1.41%, 11/25/2037 Δ		2,542
		Residential Asset Securitization Trust
	1,043	0.60%, 03/25/2035 Δ		805
		Residential Funding Mortgage Securities, Inc.
	202	3.05%, 04/25/2037 Δ		176
		Santander Drive Automotive Receivables Trust
	980	1.82%, 05/15/2019		983
	715	2.25%, 06/17/2019		720
		SBA Tower Trust
	2,710	2.90%, 10/15/2044 ■Δ		2,717
		Seneca Park CLO Ltd.
	3,320	1.70%, 07/17/2026 ■‡Δ		3,315
		Sequoia Mortgage Trust
	420	2.52%, 07/20/2037 Δ		342
		Shackleton CLO Ltd.
	3,430	1.72%, 07/17/2026 ■‡Δ		3,410
		Soundview Home Equity Loan Trust, Inc.
	3,500	0.33%, 07/25/2037 Δ		2,191
	830	0.39%, 07/25/2036 Δ		484
		SpringCastle America Funding LLC
	4,410	2.70%, 05/25/2023 ■		4,413
		Springleaf Funding Trust
	4,030	2.41%, 12/15/2022 ■		4,039
		Springleaf Mortgage Loan Trust
	275	2.31%, 06/25/2058 ■		269
	2,860	3.52%, 12/25/2065 ■		2,918
		Structured Adjustable Rate Mortgage Loan Trust
	694	0.45%, 09/25/2034 Δ		612
		Structured Agency Credit Risk Debt Notes
	885	4.90%, 10/25/2024 Δ		889
		Symphony CLO Ltd.
	3,950	1.71%, 07/14/2026 ■‡Δ		3,927
	4,090	1.98%, 01/09/2023 ■Δ		4,037
		Thacher Park CLO
	2,740	1.70%, 10/20/2026 ■‡Δ		2,740
		UBS-Barclays Commercial Mortgage Trust
	2,380	3.18%, 03/10/2046 ‡Δ		2,389
	4,120	3.24%, 04/10/2046 ‡		4,155
	485	4.23%, 03/10/2046 ■Δ		404
		Voya CLO Ltd.
	1,500	1.68%, 07/17/2026 ■╦Δ		1,493
		Wachovia Bank Commercial Mortgage Trust
	1,025	5.55%, 03/15/2042 ■Δ		1,026
		WaMu Mortgage Pass-Through Certificates
	849	1.10%, 07/25/2046 Δ		722
		Wells Fargo Alternative Loan Trust
	1,611	6.25%, 11/25/2037		1,520
		Wells Fargo Commercial Mortgage Trust
	2,900	2.92%, 10/15/2045 ‡		2,893
	1,660	3.82%, 08/15/2050 ╦		1,731
	60	4.94%, 10/15/2045 ■Δ		60
		Wells Fargo Mortgage Backed Securities Trust
	796	5.21%, 10/25/2035 Δ		788
		Westlake Automobile Receivables Trust
	390	0.97%, 10/16/2017 ■		390
	4,275	1.58%, 04/15/2020 ■		4,281
		WF-RBS Commercial Mortgage Trust
	1,180	2.92%, 08/15/2047 ╦		1,217
	3,315	3.68%, 08/15/2047 ‡		3,424
	2,570	4.00%, 05/15/2047 ‡		2,723
	4,030	4.05%, 03/15/2047 ‡		4,282
	1,625	4.10%, 03/15/2047 ╦		1,736
	3,585	4.90%, 06/15/2044 ■‡		4,025
	746	5.00%, 06/15/2044 - 04/15/2045 ■		627

The accompanying notes are an integral part of these financial statements.

7

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 28.2% - (continued)
		Finance and Insurance - 28.2% - (continued)
		WF-RBS Commercial Mortgage Trust - (continued)
$	960	5.75%, 04/15/2045 ■Δ	$	1,016
				488,433
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $480,869)	$	488,433
Corporate Bonds - 24.4%
		Accommodation and Food Services - 0.1%
		Sysco Corp.
$	2,250	2.35%, 10/02/2019 ╦	$	2,263
		Administrative, Support, Waste Management and Remediation Services - 0.1%
		Clean Harbors, Inc.
	150	5.13%, 06/01/2021		152
	605	5.25%, 08/01/2020		622
		Equinix, Inc.
	605	4.88%, 04/01/2020		619
	120	5.38%, 04/01/2023		124
				1,517
		Agriculture, Forestry, Fishing and Hunting - 0.0%
		Weyerhaeuser Co.
	200	7.38%, 10/01/2019		242
		Arts, Entertainment and Recreation - 1.5%
		British Sky Broadcasting Group plc
	2,590	2.63%, 09/16/2019 ■‡		2,597
		CCO Holdings LLC
	35	5.13%, 02/15/2023		35
	30	5.25%, 09/30/2022		30
	170	5.75%, 09/01/2023		174
		Comcast Corp.
	120	4.75%, 03/01/2044 ╦		129
	425	5.70%, 07/01/2019 ╦		491
		DirecTV Holdings LLC
	1,420	5.00%, 03/01/2021		1,564
		Gannett Co., Inc.
	1,670	5.13%, 10/15/2019		1,737
		GLP Capital L.P./Financing II, Inc.
	250	4.88%, 11/01/2020		260
		Grupo Televisa S.A.B.
	570	5.00%, 05/13/2045		567
		NBC Universal Media LLC
	1,379	5.95%, 04/01/2041 ╦		1,700
		News America, Inc.
	2,400	6.15%, 03/01/2037 ‡		2,930
	750	6.20%, 12/15/2034 ╦		936
		Numericable Group S.A.
	280	4.88%, 05/15/2019 ■		279
		Time Warner Cable, Inc.
	300	5.88%, 11/15/2040		353
		Time Warner Entertainment Co., L.P.
	3,270	8.38%, 03/15/2023 - 07/15/2033 ‡		4,848
		Time Warner, Inc.
	2,250	2.10%, 06/01/2019 ╦		2,217
	1,065	3.40%, 06/15/2022 ╦		1,075
	500	4.75%, 03/29/2021 ╦		550
	1,650	6.10%, 07/15/2040 ╦		1,954
	1,100	6.50%, 11/15/2036 ╦		1,354
				25,780
		Beverage and Tobacco Product Manufacturing - 0.2%
		Altria Group, Inc.
	534	10.20%, 02/06/2039 ╦		915
		Anheuser-Busch InBev Worldwide, Inc.
	2,000	0.80%, 07/15/2015 ╦		2,006
				2,921
		Chemical Manufacturing - 0.3%
		CF Industries Holdings, Inc.
	3,165	5.15%, 03/15/2034		3,370
		Dow Chemical Co.
	1,500	8.55%, 05/15/2019		1,889
		Monsanto Co.
	180	2.75%, 07/15/2021		178
				5,437
		Computer and Electronic Product Manufacturing - 0.1%
		EMC Corp.
	415	1.88%, 06/01/2018		413
		Hewlett-Packard Co.
	380	1.17%, 01/14/2019 Δ		379
		Semiconductor Manufacturing International
	250	4.13%, 10/07/2019 ■		251
				1,043
		Construction - 0.1%
		Lennar Corp.
	910	4.50%, 06/15/2019		926
		Ryland Group, Inc.
	850	5.38%, 10/01/2022		833
				1,759
		Finance and Insurance - 12.3%
		Abbey National Treasury Services plc
	525	2.35%, 09/10/2019		522
		American International Group, Inc.
	480	4.50%, 07/16/2044 ╦		487
	335	8.18%, 05/15/2058		455
		American Tower Corp.
	250	4.50%, 01/15/2018		267
	960	5.00%, 02/15/2024		1,010
	325	7.00%, 10/15/2017		368
		Aquarius Invest. plc Swiss Reinsurance Co., Ltd.
	400	6.38%, 09/01/2024 §		417
		AXA S.A.
	220	6.46%, 12/14/2018 §♠		230
		Banco Bilbao Vizcaya Argentaria S.A.
EUR	3,400	7.00%, 12/29/2049 §		4,370
	2,000	9.00%, 05/09/2018 §♠		2,162
		Banco do Brasil
	2,175	6.25%, 04/15/2024 §♠		1,707
		Banco Santander S.A.
EUR	4,600	6.25%, 03/12/2049 §		5,642

The accompanying notes are an integral part of these financial statements.

8

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 24.4% - (continued)
		Finance and Insurance - 12.3% - (continued)
		Bank of America Corp.
$	2,280	4.00%, 04/01/2024	$	2,356
	1,320	4.10%, 07/24/2023		1,378
	1,105	4.20%, 08/26/2024		1,113
	240	4.88%, 04/01/2044		257
	795	5.13%, 06/17/2019 ♠		771
	700	7.63%, 06/01/2019		849
		Bank of Ireland
EUR	1,660	10.00%, 07/30/2016 §		2,247
		Bankia S.A.
EUR	200	4.00%, 05/22/2024 §Δ		246
		Barclays Bank plc
	7,450	6.05%, 12/04/2017 ■‡		8,254
EUR	500	6.50%, 06/15/2049		612
	600	7.75%, 04/10/2023		658
EUR	900	8.00%, 12/15/2049		1,170
	1,605	8.25%, 12/15/2018 ♠β		1,657
		BBVA International PFD Uniperson
	250	5.92%, 04/18/2017 ♠		255
		Bear Stearns & Co., Inc.
	1,905	5.55%, 01/22/2017 ╦		2,072
		BP Capital Markets plc
	1,240	2.52%, 01/15/2020		1,245
		BPCE S.A.
	250	0.84%, 06/23/2017 ╦Δ		250
	2,380	2.50%, 12/10/2018 ‡		2,393
	550	4.50%, 03/15/2025 ■		534
	2,780	5.15%, 07/21/2024 ■		2,861
	1,900	5.70%, 10/22/2023 ■╦		2,041
		Brandywine Operating Partnership L.P.
	2,650	3.95%, 02/15/2023		2,663
		Capital One Financial Corp.
	1,750	6.15%, 09/01/2016		1,904
		CIT Group, Inc.
	40	5.00%, 05/15/2017		42
	1,044	5.50%, 02/15/2019 ■		1,114
	485	6.63%, 04/01/2018 ■		531
		Citigroup, Inc.
	1,350	1.70%, 07/25/2016		1,364
	975	2.50%, 09/26/2018		987
	205	5.30%, 05/06/2044		218
	1,835	6.13%, 08/25/2036		2,161
	4,025	6.68%, 09/13/2043 ‡		5,118
	683	8.50%, 05/22/2019		857
		CNH Industrial Capital LLC
	675	3.38%, 07/15/2019 ■		656
		Credit Agricole S.A.
EUR	1,440	6.50%, 06/23/2049 §		1,836
	400	6.63%, 09/23/2019 §♠		390
	845	6.63%, 09/23/2019 ■♠Δ		824
		Credit Suisse Group AG
EUR	1,010	5.75%, 09/18/2025 §		1,408
	955	6.25%, 12/18/2024 ■♠Δ		929
	800	7.88%, 02/24/2041 §		854
		Credit Suisse New York
	320	3.00%, 10/29/2021		317
		Development Bank of Kazakhstan JSC
	900	4.13%, 12/10/2022 §		852
		Fifth Third Bancorp
	375	4.90%, 09/30/2019 ♠		369
		General Electric Capital Corp.
	2,300	5.30%, 02/11/2021 ‡		2,612
	210	5.88%, 01/14/2038		258
	1,700	6.25%, 12/15/2022 ╦♠		1,859
		Goldman Sachs Group, Inc.
	100	3.85%, 07/08/2024		101
	200	4.80%, 07/08/2044		207
	2,696	6.00%, 06/15/2020 ‡		3,100
	1,700	6.45%, 05/01/2036		2,005
	3,585	6.75%, 10/01/2037 ‡		4,395
		HCP, Inc.
	1,605	4.25%, 11/15/2023 ╦		1,665
		Health Care REIT, Inc.
	2,950	4.50%, 01/15/2024 ‡		3,064
		HSBC Holdings plc
	800	5.25%, 03/14/2044 ╦		869
	1,250	5.63%, 01/17/2020 ♠		1,270
	700	6.50%, 09/15/2037 ╦		871
	3,400	6.80%, 06/01/2038 ‡		4,382
		JP Morgan Chase & Co.
	755	3.38%, 05/01/2023 ╦		737
	2,800	4.35%, 08/15/2021 ‡		3,007
	500	4.63%, 05/10/2021 ╦		548
	510	5.00%, 07/01/2019 ♠		502
	4,305	5.63%, 08/16/2043 ‡		4,914
	2,745	6.00%, 01/15/2018 ‡		3,094
		KBC Groep N.V.
EUR	630	5.63%, 03/19/2019 §♠		774
		Kimco Realty Corp.
	2,975	3.13%, 06/01/2023 ‡		2,897
		Liberty Property L.P.
	950	3.38%, 06/15/2023 ╦		926
	860	4.13%, 06/15/2022 ╦		894
		Lloyds Banking Group plc
EUR	2,860	6.38%, 06/27/2049 §		3,700
GBP	640	7.00%, 12/29/2049 §		1,022
		Mapfre S.A.
EUR	250	5.92%, 07/24/2037		333
		Marsh & McLennan Cos., Inc.
	635	2.55%, 10/15/2018 ╦		649
	1,535	3.50%, 03/10/2025 ╦		1,536
		Massachusetts Mutual Life Insurance Co.
	1,497	8.88%, 06/01/2039 ■╦		2,348
		Merrill Lynch & Co., Inc.
	1,316	5.70%, 05/02/2017		1,435
	8,120	6.05%, 05/16/2016 ‡		8,693
	2,235	7.75%, 05/14/2038		3,091
		MetLife, Inc.
	480	4.37%, 09/15/2023 ╦		518
		Minerva Luxembourg S.A.
	750	7.75%, 01/31/2023 ■		784
		Morgan Stanley
	1,975	2.13%, 04/25/2018		1,980
	1,175	2.50%, 01/24/2019		1,183
	1,660	4.35%, 09/08/2026		1,665
	2,275	4.88%, 11/01/2022		2,423
	505	7.30%, 05/13/2019		603
		Nationwide Building Society
GBP	2,480	6.88%, 03/11/2049 §		3,878

The accompanying notes are an integral part of these financial statements.

9

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 24.4% - (continued)
		Finance and Insurance - 12.3% - (continued)
		Nationwide Mutual Insurance Co.
$	2,455	9.38%, 08/15/2039 ■‡	$	3,784
		Navient Corp.
	630	5.50%, 01/15/2019		653
	395	7.25%, 01/25/2022		441
	945	8.45%, 06/15/2018		1,080
		NN Group N.V.
EUR	300	4.63%, 04/08/2044 §		391
		Pacific Life Insurance Co.
	325	9.25%, 06/15/2039 ■		510
		PNC Bank NA
	813	6.88%, 04/01/2018 ╦		942
		Prudential Financial, Inc.
	650	4.60%, 05/15/2044		658
		Realty Income Corp.
	1,865	3.25%, 10/15/2022 ╦		1,832
		Royal Bank of Scotland Group plc
	2,530	5.13%, 05/28/2024		2,563
	1,665	6.13%, 12/15/2022		1,802
	850	9.50%, 03/16/2022 §		972
		Santander U.S. Debt S.A.
	3,400	3.72%, 01/20/2015 ■‡		3,421
		SBA Tower Trust
	2,400	2.93%, 12/15/2017 ■‡		2,432
	3,435	3.60%, 04/15/2043 ■		3,457
		Societe Generale
	1,160	6.00%, 01/27/2020 ■♠		1,093
EUR	1,545	6.75%, 04/07/2049 §		1,944
	200	7.88%, 12/18/2023 §♠		200
	3,740	8.25%, 11/29/2018 §♠		3,952
		Standard Chartered plc
	250	0.57%, 09/08/2017 ■Δ		250
	975	4.00%, 07/12/2022 §		1,001
		State Street Corp.
	905	4.96%, 03/15/2018		987
		Sumitomo Mitsui Financial Group, Inc.
	2,945	4.44%, 04/02/2024 ■‡		3,066
		Teachers Insurance & Annuity Association of America
	1,866	6.85%, 12/16/2039 ■‡		2,467
		TSMC Global Ltd.
	790	1.63%, 04/03/2018 ■╦		785
		UBS AG Stamford CT
	680	7.63%, 08/17/2022		803
		UDR, Inc.
	785	3.70%, 10/01/2020 ╦		813
		UniCredit S.p.A.
	720	8.00%, 06/03/2024 §♠		722
		UNIQA Insurance Group AG
EUR	300	6.88%, 07/31/2043 §		431
		Ventas Realty L.P.
	1,520	2.70%, 04/01/2020 ╦		1,508
	1,875	3.25%, 08/15/2022 ╦		1,838
		Wells Fargo & Co.
	1,450	3.30%, 09/09/2024 ╦		1,446
	1,740	3.45%, 02/13/2023 ╦		1,738
	2,850	4.10%, 06/03/2026 ‡		2,891
	1,975	4.13%, 08/15/2023 ╦		2,060
	170	4.65%, 11/04/2044 ☼		169
	74	5.38%, 11/02/2043 ╦		83
		Yasar Holdings
	1,250	8.88%, 05/06/2020 ■☼		1,250
				213,477
		Food Manufacturing - 0.4%
		Cargill, Inc.
	400	3.25%, 11/15/2021 ■		411
		ESAL GmbH
	1,725	6.25%, 02/05/2023 §		1,759
		Grupo Bimbo S.A.B. de C.V.
	4,250	4.88%, 06/27/2044 ■		4,168
				6,338
		Health Care and Social Assistance - 0.6%
		Community Health Systems, Inc.
	350	5.13%, 08/01/2021		366
		CVS Caremark Corp.
	3,117	8.35%, 07/10/2031 ■‡		4,215
		Dignity Health
	475	2.64%, 11/01/2019 ╦		479
	135	5.27%, 11/01/2064 ╦		136
		HCA Holdings, Inc.
	1,336	7.50%, 11/15/2095		1,283
		HCA, Inc.
	1,485	6.50%, 02/15/2020		1,658
		Mylan, Inc.
	480	6.00%, 11/15/2018 ■		494
		Tenet Healthcare Corp.
	1,575	6.00%, 10/01/2020		1,693
		Watson Pharmaceuticals, Inc.
	560	4.63%, 10/01/2042		510
		Wellcare Health Plans, Inc.
	295	5.75%, 11/15/2020		304
				11,138
		Information - 2.2%
		Activision Blizzard, Inc.
	1,735	5.63%, 09/15/2021 ■		1,846
		AT&T, Inc.
	1,665	4.80%, 06/15/2044 ╦		1,681
		Audatex North America, Inc.
	795	6.00%, 06/15/2021 ■		841
		CCOH Safari LLC
	1,040	5.75%, 12/01/2024 ☼		1,046
		Cox Communications, Inc.
	20	2.95%, 06/30/2023 ■		19
		DISH DBS Corp.
	1,200	7.88%, 09/01/2019		1,393
		First Data Corp.
	162	6.75%, 11/01/2020 ■		173
	400	12.63%, 01/15/2021		483
		Inmarsat Finance plc
	385	4.88%, 05/15/2022 ■		385
		Sprint Communications, Inc.
	1,435	7.00%, 03/01/2020 ■		1,601
	547	9.00%, 11/15/2018 ■		643
		T-Mobile USA, Inc.
	1,035	6.46%, 04/28/2019		1,079
	425	6.63%, 04/28/2021		448
		Unitymedia Hessen GmbH & Co.
	1,655	7.50%, 03/15/2019 ■		1,742

The accompanying notes are an integral part of these financial statements.

10

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value  ╪
Corporate Bonds - 24.4% - (continued)
		Information - 2.2% - (continued)
		Verizon Communications, Inc.
$	2,656	2.63%, 02/21/2020 ■‡	$	2,642
	2,450	3.50%, 11/01/2024 ‡		2,411
	2,610	4.40%, 11/01/2034 ‡		2,549
	1,520	5.01%, 08/21/2054 ■╦		1,547
	4,065	5.15%, 09/15/2023 ‡		4,552
	2,030	6.40%, 02/15/2038 ‡		2,482
	5,228	6.55%, 09/15/2043 ‡		6,590
		VimpelCom Holdings B.V.
	1,810	5.95%, 02/13/2023 ■		1,663
		Wind Acquisition Finance S.A.
	540	4.75%, 07/15/2020 ■		528
				38,344
		Machinery Manufacturing - 0.3%
		Case New Holland Industrial, Inc.
	995	7.88%, 12/01/2017		1,117
		Hutchison Whampoa International Ltd.
	525	1.63%, 10/31/2017 ■		524
	4,025	2.00%, 11/08/2017 ■‡		4,052
				5,693
		Mining - 0.5%
		ABJA Investment Co. Pte Ltd.
	3,355	5.95%, 07/31/2024 §		3,410
		Barrick North America Finance LLC
	500	4.40%, 05/30/2021		513
		FMG Resources Aug 2006
	645	6.88%, 04/01/2022 ■		666
		Freeport-McMoRan Copper & Gold, Inc.
	350	5.45%, 03/15/2043		358
		Glencore Funding LLC
	1,835	1.70%, 05/27/2016 ■		1,847
		Newmont Mining Corp.
	175	4.88%, 03/15/2042		146
		Peabody Energy Corp.
	1,030	6.50%, 09/15/2020		981
		Steel Dynamics, Inc.
	300	5.13%, 10/01/2021 ■		310
	325	5.50%, 10/01/2024 ■		344
				8,575
		Miscellaneous Manufacturing - 0.0%
		Triumph Group, Inc.
	485	5.25%, 06/01/2022		491
		Motor Vehicle and Parts Manufacturing - 0.6%
		Chrysler Group LLC
	900	8.00%, 06/15/2019		964
		General Motors Co.
	1,725	6.25%, 10/02/2043		2,053
		General Motors Financial Co., Inc.
	3,400	3.50%, 07/10/2019		3,504
	3,640	4.75%, 08/15/2017		3,886
		TRW Automotive, Inc.
	425	7.25%, 03/15/2017 ■		468
				10,875
		Nonmetallic Mineral Product Manufacturing - 0.1%
		Union Andina de Cementos SAA
	1,805	5.88%, 10/30/2021 ■		1,832
		Other Services - 0.0%
		Cardtronics, Inc.
	695	5.13%, 08/01/2022 ■		692
		Paper Manufacturing - 0.1%
		Clearwater Paper Corp.
	700	5.38%, 02/01/2025 ■		709
		Graphic Packaging International
	535	4.88%, 11/15/2022 ☼		537
				1,246
		Petroleum and Coal Products Manufacturing - 2.0%
		Anadarko Petroleum Corp.
	1,345	6.38%, 09/15/2017		1,519
		California Resources Corp.
	555	5.00%, 01/15/2020 ■		563
	260	5.50%, 09/15/2021 ■		265
	180	6.00%, 11/15/2024 ■		184
		Cenovus Energy, Inc.
	2,350	5.20%, 09/15/2043		2,511
		CNPC General Capital
	3,700	1.45%, 04/16/2016 ■‡		3,699
		Denbury Resources, Inc.
	350	5.50%, 05/01/2022		345
		EDC Finance Ltd.
	1,405	4.88%, 04/17/2020 ■		1,272
		Enable Midstream Partners L.P.
	80	5.00%, 05/15/2044 ■		81
		Harvest Operations Corp.
	736	6.88%, 10/01/2017		751
		Kosmos Energy Ltd.
	375	7.88%, 08/01/2021 §		345
		Lukoil International Finance B.V.
	3,300	3.42%, 04/24/2018 ■		3,147
		Nexen, Inc.
	485	7.50%, 07/30/2039 ╦		681
		Pemex Project Funding Master Trust
	2,350	6.63%, 06/15/2035 ‡		2,773
		Pertamina Persero PT
	1,825	5.63%, 05/20/2043 §		1,747
		Petrobras Global Finance Co.
	1,775	3.00%, 01/15/2019 ╦		1,730
		Petrobras International Finance Co.
	340	5.38%, 01/27/2021 ╦		348
		Pioneer Natural Resources Co.
	290	6.65%, 03/15/2017		321
		Plains Exploration & Production Co.
	1,150	6.63%, 05/01/2021		1,258
	713	6.88%, 02/15/2023		806
		Tesoro Corp.
	105	5.13%, 04/01/2024		105
		Tesoro Logistics L.P.
	320	5.50%, 10/15/2019 ■		329
	480	6.25%, 10/15/2022 ■		497
		Transocean, Inc.
	225	6.38%, 12/15/2021		236
	625	6.50%, 11/15/2020		643
		Tullow Oil plc
	275	6.00%, 11/01/2020 ■		257
		Valero Energy Corp.
	1,911	9.38%, 03/15/2019 ‡		2,438

The accompanying notes are an integral part of these financial statements.

11

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 24.4% - (continued)
		Petroleum and Coal Products Manufacturing - 2.0% - (continued)
		Williams Partners L.P.
$	2,925	3.90%, 01/15/2025 ‡	$	2,902
	2,200	4.30%, 03/04/2024 ╦		2,277
		WPX Energy, Inc.
	635	5.25%, 09/15/2024		619
				34,649
		Pipeline Transportation - 0.7%
		El Paso Corp.
	900	7.00%, 06/15/2017		1,001
		Energy Transfer Equity L.P.
	3,975	5.95%, 10/01/2043		4,392
	1,840	6.50%, 02/01/2042		2,127
	1,138	7.50%, 10/15/2020		1,309
		Kinder Morgan Energy Partners L.P.
	2,070	5.50%, 03/01/2044		2,073
		Kinder Morgan Finance Co.
	720	6.00%, 01/15/2018 ■		790
		Southern Star Central Corp.
	75	5.13%, 07/15/2022 ■		76
				11,768
		Plastics and Rubber Products Manufacturing - 0.0%
		Continental Rubber of America Corp.
	475	4.50%, 09/15/2019 ■		497
		Primary Metal Manufacturing - 0.0%
		United States Steel Corp.
	550	7.38%, 04/01/2020		616
		Printing and Related Support Activities - 0.1%
		Deluxe Corp.
	760	7.00%, 03/15/2019		798
		Rail Transportation - 0.1%
		Canadian Pacific Railway Co.
	725	9.45%, 08/01/2021		989
		Real Estate, Rental and Leasing - 0.8%
		Air Lease Corp.
	500	2.13%, 01/15/2018		494
		Duke Realty L.P.
	1,625	3.63%, 04/15/2023		1,602
		ERAC USA Finance Co.
	115	2.35%, 10/15/2019 ■		114
		International Lease Finance Corp.
	2,105	5.88%, 04/01/2019		2,268
	1,025	6.75%, 09/01/2016 ■		1,087
		Kennedy-Wilson, Inc.
	905	8.75%, 04/01/2019		962
		ProLogis L.P.
	6,400	3.35%, 02/01/2021 ‡		6,467
		Ryder System, Inc.
	1,095	2.55%, 06/01/2019 ╦		1,101
				14,095
		Retail Trade - 0.4%
		Arcelik AS
	1,265	5.00%, 04/03/2023 ■		1,195
		Building Materials Corp.
	190	5.38%, 11/15/2024 ■☼		190
	831	7.50%, 03/15/2020 ■		880
		Group 1 Automotive, Inc.
	640	5.00%, 06/01/2022 ■		634
		Home Depot, Inc.
	260	4.20%, 04/01/2043		266
		Jaguar Land Rover plc
	450	8.13%, 05/15/2021 ■		495
		Sotheby's
	910	5.25%, 10/01/2022 ■		892
		Wal-Mart Stores, Inc.
	1,485	4.30%, 04/22/2044 ╦		1,548
		William Carter Co.
	1,375	5.25%, 08/15/2021		1,416
				7,516
		Truck Transportation - 0.2%
		Penske Truck Leasing Co.
	565	2.50%, 06/15/2019 ■		563
	1,150	2.88%, 07/17/2018 ■		1,171
	915	4.88%, 07/11/2022 ■		990
				2,724
		Utilities - 0.6%
		AES (The) Corp.
	195	5.50%, 03/15/2024		200
	212	9.75%, 04/15/2016		234
		Appalachian Power Co.
	95	4.40%, 05/15/2044 ╦		96
		Berkshire Hathaway Energy Co.
	3,385	8.48%, 09/15/2028 ‡		4,986
		CenterPoint Energy, Inc.
	1,700	6.85%, 06/01/2015 ╦		1,759
		Dolphin Subsidiary II, Inc.
	295	7.25%, 10/15/2021		313
		EDP Finance B.V.
	360	5.25%, 01/14/2021 ■		374
		Pacific Gas & Electric Co.
	725	3.75%, 02/15/2024 ╦		752
	675	8.25%, 10/15/2018 ╦		823
				9,537
		Total Corporate Bonds
		(Cost $408,361)	$	422,852
Foreign Government Obligations - 2.1%
		Angola - 0.1%
		Angola (Republic of)
$	1,625	7.00%, 08/16/2019 §	$	1,737
		Armenia - 0.1%
		Armenia (Republic of)
	1,700	6.00%, 09/30/2020 §		1,777
		Azerbaijan - 0.1%
		Azerbaijan (Republic of)
	1,745	4.75%, 03/13/2023 §		1,733
		Brazil - 0.4%
		Brazil (Federative Republic of)
	2,300	4.88%, 01/22/2021		2,478
BRL	18,750	9.70%, 09/01/2020 ○		4,859
				7,337

The accompanying notes are an integral part of these financial statements.

12

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value  ╪
Foreign Government Obligations - 2.1% - (continued)
		Costa Rica - 0.1%
		Costa Rica (Republic of)
$	2,000	5.63%, 04/30/2043 §	$	1,750
		Dominican Republic - 0.2%
		Dominican (Republic of)
DOP	120,000	11.50%, 05/10/2024 ■		2,794
		Indonesia - 0.1%
		Indonesia (Republic of)
IDR	29,000,000	8.38%, 03/15/2024		2,451
		Latvia - 0.0%
		Latvia (Republic of)
	400	2.75%, 01/12/2020 §		395
		Mexico - 0.3%
		Mexico (United Mexican States)
MXN	41,760	4.00%, 06/13/2019 ◄‡		3,426
	2,524	4.75%, 03/08/2044 ‡		2,563
				5,989
		Russia - 0.2%
		Russia (Federation of)
	500	3.63%, 04/29/2015 §		502
RUB	96,950	7.50%, 02/27/2019 Δ		2,067
				2,569
		South Africa - 0.2%
		South Africa (Republic of)
ZAR	36,200	7.75%, 02/28/2023		3,294
		Uruguay - 0.2%
		Uruguay (Republic of)
UYU	74,364	4.25%, 04/05/2027 ◄‡		3,297
		Venezuela - 0.1%
		Venezuela (Republic of)
	3,050	7.00%, 03/31/2038 §		1,754
		Total Foreign Government Obligations
		(Cost $37,744)	$	36,877
Municipal Bonds - 0.9%
		General Obligations - 0.4%
		California State GO
$	1,300	7.50%, 04/01/2034 ╦	$	1,875
		California State GO, Taxable
	3,625	7.55%, 04/01/2039 ‡		5,444
		Illinois State GO
	230	5.88%, 03/01/2019		255
				7,574
		Higher Education (Univ., Dorms, etc.) - 0.2%
		Massachusetts State Development Fin Agency Rev
	130	5.35%, 12/01/2028		145
		University of California
	2,365	4.60%, 05/15/2031 ‡		2,563
				2,708
		Miscellaneous - 0.2%
		Puerto Rico Government Employees Retirement System
	950	6.15%, 07/01/2038		470
	750	6.20%, 07/01/2039		371
	3,350	6.30%, 07/01/2043		1,642
	975	6.55%, 07/01/2058		476
				2,959
		Utilities - Electric - 0.1%
		Municipal Elec Auth Georgia
	1,285	6.64%, 04/01/2057 ╦		1,636
		Total Municipal Bonds
		(Cost $13,903)	$	14,877
Senior Floating Rate Interests ♦ - 5.0%
		Administrative, Support, Waste Management and Remediation Services - 0.1%
		Acosta Holdco, Inc.
$	485	5.00%, 09/26/2021	$	485
		Audio Visual Services Group, Inc.
	537	4.50%, 01/25/2021		533
		ServiceMaster (The) Co.
	424	4.25%, 07/01/2021		420
				1,438
		Agriculture, Construction, Mining and Machinery - 0.0%
		Signode Industrial Group US, Inc.
	644	4.00%, 05/01/2021		632
		Air Transportation - 0.0%
		Delta Air Lines, Inc.
	447	3.25%, 10/18/2018		437
		Arts, Entertainment and Recreation - 0.5%
		24 Hour Fitness Worldwide, Inc.
	808	4.75%, 05/28/2021		806
		Aristocrat Leisure Ltd.
	585	4.75%, 10/20/2021		580
		Caesars Entertainment Operating Co., Inc.
	296	5.99%, 03/01/2017		263
	1,801	6.99%, 03/01/2017		1,612
		Caesars Growth Property Holdings LLC
	334	6.25%, 05/08/2021		315
		Formula One Holdings
	850	4.75%, 07/30/2021		843
	355	7.75%, 07/29/2022		353
		MGM Resorts International
	614	3.50%, 12/20/2019		606
		Numericable
	550	4.50%, 05/21/2020		551
		Scientific Games International, Inc.
	270	6.00%, 10/01/2021		264
		Station Casinos LLC
	183	4.25%, 03/02/2020		181
		Templar Energy
	350	8.50%, 11/25/2020		315
		Tribune Co.
	1,180	4.00%, 12/27/2020 ☼		1,170
				7,859

The accompanying notes are an integral part of these financial statements.

13

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 5.0% - (continued)
		Chemical Manufacturing - 0.2%
		Cytec Industries, Inc.
$	106	4.50%, 10/03/2019	$	106
		Ferro Corp.
	350	4.00%, 07/30/2021		345
		Huntsman International LLC, Extended Term Loan B
	346	2.68%, 04/19/2017		342
		Ineos US Finance LLC
	1,767	3.75%, 05/04/2018		1,742
		Minerals Technologies, Inc.
	435	4.00%, 05/07/2021		433
		Monarch, Inc.
	205	4.50%, 10/03/2019		203
		Pinnacle Operating Corp.
	392	4.75%, 11/15/2018		389
		Univar, Inc.
	189	5.00%, 06/30/2017		187
				3,747
		Computer and Electronic Product Manufacturing - 0.2%
		Avago Technologies Ltd.
	653	3.75%, 05/06/2021		651
		CDW LLC
	1,521	3.25%, 04/29/2020 ☼		1,486
		Freescale Semiconductor, Inc.
	448	4.25%, 02/28/2020		442
	595	5.00%, 01/15/2021		594
		NXP Semiconductors Netherlands B.V.
	707	3.25%, 01/11/2020		699
				3,872
		Finance and Insurance - 0.5%
		Asurion LLC
	493	5.00%, 05/24/2019		493
	715	8.50%, 03/03/2021		726
		Chrysler Group LLC
	1,085	3.25%, 12/31/2018		1,073
	1,372	3.50%, 05/24/2017		1,364
		Cooper Gay Swett & Crawford Ltd.
	360	5.00%, 04/16/2020		324
		Evertec LLC
	943	3.50%, 04/17/2020		926
		Interactive Data Corp.
	390	4.75%, 05/02/2021		390
		National Financial Partners Corp.
	164	4.50%, 07/01/2020		163
		Sedgwick CMS Holdings, Inc.
	1,740	3.75%, 03/01/2021		1,689
	580	6.75%, 02/28/2022		563
		USI Insurance Services LLC
	890	4.25%, 12/27/2019		880
		Walter Investment Management Corp.
	745	4.75%, 12/18/2020		700
				9,291
		Food Manufacturing - 0.2%
		Burger King Co.
	415	4.50%, 10/27/2021		414
		H.J. Heinz Co.
	2,252	3.50%, 06/05/2020		2,237
		Hearthside Food Solutions
	289	4.50%, 06/02/2021		287
		Hostess Brands, Inc.
	159	6.75%, 04/09/2020		162
		Roundy's Supermarkets, Inc.
	264	5.75%, 03/03/2021		234
		U.S. Foodservice, Inc.
	456	4.50%, 03/31/2019		455
				3,789
		Food Services - 0.1%
		ARAMARK Corp.
	1,114	3.25%, 02/24/2021		1,097
		Furniture and Related Product Manufacturing - 0.0%
		Tempur Sealy International, Inc.
	362	3.50%, 03/18/2020		357
		Wilsonart International Holdings LLC
	314	4.00%, 10/31/2019		309
				666
		Health Care and Social Assistance - 0.4%
		American Renal Holdings, Inc.
	511	4.50%, 08/20/2019		501
		AmSurg Corp.
	449	3.75%, 07/16/2021		445
		Community Health Systems, Inc.
	605	4.25%, 01/27/2021		606
		DaVita HealthCare Partners, Inc.
	873	3.50%, 06/24/2021		865
		HCA, Inc.
	965	2.98%, 05/01/2018		960
		Healogics, Inc.
	190	5.25%, 07/01/2021		189
		Ikaria Acquisition, Inc.
	235	5.00%, 02/12/2021		235
		IMS Health, Inc.
	459	3.50%, 03/17/2021		453
		Jazz Pharmaceuticals, Inc.
	427	3.25%, 06/12/2018		423
		Mallinckrodt International Finance S.A.
	672	3.50%, 03/19/2021		665
		One Call Medical, Inc.
	831	5.00%, 11/27/2020		827
		Ortho-Clinical Diagnostics, Inc.
	868	4.75%, 06/30/2021		858
		STHI Holding Corp.
	160	4.50%, 08/06/2021		159
		Surgery Center Holdings, Inc.
	260	5.25%, 07/24/2020 ☼		259
				7,445
		Information - 0.8%
		Charter Communications Operating LLC
	1,852	3.00%, 07/01/2020 - 01/03/2021		1,817
	260	4.25%, 09/10/2021		262
		Eagle Parent, Inc.
	191	4.00%, 05/16/2018		189
		First Data Corp.
	2,555	3.65%, 03/23/2018		2,530
	380	4.15%, 03/24/2021		377
		Hyland Software, Inc.
	155	4.75%, 02/19/2021		155

The accompanying notes are an integral part of these financial statements.

14

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value  ╪
Senior Floating Rate Interests ♦ - 5.0% - (continued)
		Information - 0.8% - (continued)
		Kronos, Inc.
$	1,232	4.50%, 10/30/2019	$	1,226
	315	9.75%, 04/30/2020		323
		La Quinta Intermediate Holdings
	582	4.00%, 04/14/2021		577
		Lawson Software, Inc.
	1,022	3.75%, 06/03/2020		1,008
		Level 3 Financing, Inc.
	1,090	4.50%, 01/31/2022 ☼		1,094
		Syniverse Holdings, Inc.
	456	4.00%, 04/23/2019		447
		Verint Systems, Inc.
	721	3.50%, 09/06/2019		715
		Virgin Media Finance plc
	1,470	3.50%, 06/07/2020		1,448
		Zayo Group LLC
	975	4.00%, 07/02/2019		966
		Ziggo B.V.
	819	2.75%, 01/15/2022 ☼		797
	481	3.25%, 01/15/2022		468
				14,399
		Mining - 0.3%
		American Rock Salt Holdings LLC
	978	4.75%, 05/20/2021		968
		Arch Coal, Inc.
	1,834	6.25%, 05/16/2018		1,616
		BWAY Holding Co.
	684	5.50%, 08/14/2020 ☼		687
		Fortescue Metals Group Ltd.
	1,098	3.75%, 06/30/2019		1,070
				4,341
		Miscellaneous Manufacturing - 0.1%
		DigitalGlobe, Inc.
	360	3.75%, 01/31/2020		357
		Hamilton Sundstrand Corp.
	330	4.00%, 12/13/2019		324
		Reynolds Group Holdings, Inc.
	757	4.00%, 11/30/2018		752
				1,433
		Motor Vehicle and Parts Manufacturing - 0.1%
		Tower Automotive Holdings USA LLC
	1,102	4.00%, 04/23/2020		1,086
		Nonmetallic Mineral Product Manufacturing - 0.0%
		Ardagh Holdings USA, Inc.
	209	4.00%, 12/17/2019		207
		Other Services - 0.1%
		Apex Tool Group LLC
	601	4.50%, 01/31/2020		569
		Husky Injection Molding Systems Ltd.
	154	4.25%, 06/30/2021		152
		Rexnord LLC
	866	4.00%, 08/21/2020		854
				1,575
		Petroleum and Coal Products Manufacturing - 0.1%
		American Energy-Marcellus LLC
	325	5.25%, 08/04/2020		316
		Chief Exploration & Development
	330	7.50%, 05/16/2021		317
		Drillships Ocean Ventures, Inc.
	259	5.50%, 07/25/2021		249
		Fieldwood Energy LLC
	655	3.88%, 09/28/2018		640
		Seadrill Ltd.
	1,123	4.00%, 02/21/2021		1,059
				2,581
		Pipeline Transportation - 0.1%
		EP Energy LLC
	645	4.50%, 04/30/2019		641
		Philadelphia Energy Solutions LLC
	364	6.25%, 04/04/2018		344
				985
		Plastics and Rubber Products Manufacturing - 0.1%
		Berry Plastics Group, Inc.
	1,527	3.50%, 02/08/2020		1,493
		Consolidated Container Co.
	510	5.00%, 07/03/2019		503
				1,996
		Primary Metal Manufacturing - 0.1%
		Novelis, Inc.
	1,764	3.75%, 03/10/2017		1,744
		Professional, Scientific and Technical Services - 0.1%
		Advantage Sales & Marketing, Inc.
	440	4.25%, 07/23/2021		436
		MoneyGram International, Inc.
	1,002	4.25%, 03/27/2020		968
				1,404
		Real Estate, Rental and Leasing - 0.2%
		DTZ U.S. Borrower LLC
	620	5.00%, 10/23/2021 - 10/28/2021 ☼		620
	235	8.25%, 10/28/2022 ☼		235
		International Lease Finance Corp.
	325	3.50%, 03/06/2021		323
		Neff Corp.
	380	7.25%, 06/09/2021		381
		SBA Senior Finance II LLC
	1,835	3.25%, 03/24/2021		1,802
				3,361
		Retail Trade - 0.4%
		Affinia Group, Inc.
	252	4.75%, 04/27/2020		252
		Albertson's LLC
	675	4.50%, 08/25/2021 ☼		675
		American Builders & Contractors Supply Co., Inc.
	421	3.50%, 04/16/2020		411
		Cooper-Standard Automotive, Inc.
	339	4.00%, 04/04/2021		335
		Lands' End, Inc.
	343	4.25%, 04/04/2021		335
		Mauser-Werke GmbH
	220	4.50%, 07/31/2021		216
		Metaldyne Performance Group, Inc.
	430	4.50%, 10/20/2021 ☼		430
		Michaels Stores, Inc.
	453	3.75%, 01/28/2020		445
	605	4.00%, 01/28/2020		597

The accompanying notes are an integral part of these financial statements.

15

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 5.0% - (continued)
		Retail Trade - 0.4% - (continued)
		Neiman Marcus (The) Group, Inc.
$	684	4.25%, 10/25/2020	$	675
		Rite Aid Corp.
	115	5.75%, 08/21/2020		115
		Weight Watchers International, Inc.
	2,620	4.00%, 04/02/2020		1,998
				6,484
		Truck Transportation - 0.0%
		Nexeo Solutions LLC
	289	5.00%, 09/09/2017		285
		Utilities - 0.2%
		Calpine Corp.
	1,017	3.25%, 01/31/2022		991
		Energy Future Holdings
	280	4.25%, 06/19/2016		279
		Star West Generation LLC
	1,331	4.25%, 03/13/2020		1,317
		Texas Competitive Electric Holdings Co. LLC
	350	4.65%, 10/10/2017 Ψ		255
				2,842
		Wholesale Trade - 0.1%
		Gates Global LLC
	960	4.25%, 07/05/2021		948
		Total Senior Floating Rate Interests
		(Cost $87,680)	$	85,944
U.S. Government Agencies - 31.9%
		FHLMC - 8.0%
$	30,078	0.53%, 10/25/2020 ►	$	438
	13,870	2.15%, 08/25/2018 ►		894
	42,952	3.00%, 08/01/2029 - 11/15/2044 ☼,Ð		43,402
	10,157	3.50%, 11/15/2029 - 08/01/2034 ☼,Ð		10,660
	31,570	4.00%, 08/01/2025 - 11/15/2044 ☼,Ð		33,584
	31,400	4.50%, 11/15/2044 ☼,Ð		34,010
	11,032	5.50%, 11/01/2037 - 06/01/2041		12,314
	2,976	6.00%, 01/01/2023 - 11/15/2044 ☼,Ð		3,371
				138,673
		FNMA - 17.6%
	3,161	2.14%, 11/01/2022		3,086
	4,521	2.15%, 10/01/2022		4,410
	2,165	2.20%, 12/01/2022		2,122
	1,271	2.28%, 11/01/2022		1,247
	58	2.29%, 10/01/2022		57
	1,075	2.34%, 11/01/2022		1,059
	990	2.40%, 10/01/2022		979
	844	2.42%, 11/01/2022		835
	60	2.44%, 01/01/2023		59
	48	2.45%, 08/01/2022		48
	866	2.47%, 11/01/2022		860
	18,190	2.50%, 11/15/2029 - 11/15/2044 ☼,Ð		17,985
	58	2.66%, 09/01/2022		58
	510	2.76%, 05/01/2021		522
	81	2.78%, 04/01/2022		83
	350	2.94%, 06/01/2022		360
	81	2.98%, 01/01/2022		84
	70,400	3.00%, 11/15/2029 - 11/15/2044 ☼,Ð		71,605
	1,965	3.10%, 09/01/2024		2,010
	58	3.20%, 04/01/2022		60
	1,465	3.21%, 05/01/2023		1,516
	497	3.26%, 05/01/2024		515
	255	3.34%, 04/01/2024		266
	1,971	3.42%, 04/01/2024		2,070
	100	3.45%, 01/01/2024		105
	104	3.47%, 01/01/2024		109
	73,800	3.50%, 11/15/2044 - 12/15/2044 ☼,Ð		76,260
	256	3.67%, 08/01/2023		274
	70	3.70%, 10/01/2023		75
	95	3.76%, 03/01/2024		102
	210	3.86%, 11/01/2023 - 12/01/2025		227
	242	3.87%, 10/01/2025		261
	314	3.89%, 05/01/2030		331
	325	3.93%, 10/01/2023		354
	139	3.96%, 05/01/2034		148
	85	3.97%, 05/01/2029		91
	29,140	4.00%, 06/01/2025 - 11/15/2044 ☼,Ð		30,965
	1,259	4.02%, 11/01/2028		1,349
	206	4.06%, 10/01/2028		224
	43,797	4.50%, 08/01/2024 - 11/15/2044 ☼,Ð		47,469
	11,942	5.00%, 04/01/2018 - 11/15/2044 ☼,Ð		13,131
	2,922	5.50%, 06/25/2042 ►		508
	13,252	5.50%, 01/01/2017 - 11/01/2037		14,812
	4,400	6.00%, 05/01/2016 - 10/01/2038		4,984
	58	7.00%, 10/01/2037		67
	68	7.50%, 12/01/2029 - 09/01/2031		80
				303,822
		GNMA - 6.3%
	11,000	3.00%, 11/15/2044 ☼,Ð		11,206
	22,020	3.50%, 05/15/2042 - 11/15/2044 ☼,Ð		23,064
	26,162	4.00%, 09/20/2040 - 11/15/2044 ☼,Ð		27,998
	11,858	4.50%, 07/15/2033 - 11/15/2044 ☼,Ð		12,947
	11,700	5.00%, 06/15/2041 - 12/15/2044 ☼,Ð		12,953
	5,520	5.50%, 05/15/2033 - 11/15/2044 ☼,Ð		6,163
	12,176	6.00%, 02/15/2029 - 11/15/2044 ☼,Ð		13,824
	732	6.50%, 09/15/2028 - 07/15/2032		841
				108,996
		Total U.S. Government Agencies
		(Cost $548,478)	$	551,491
U.S. Government Securities - 7.7%
	U.S. Treasury Securities - 7.7%
		U.S. Treasury Bonds - 3.5%
$	22,875	3.13%, 08/15/2044 Є	$	23,157
	16,540	3.38%, 05/15/2044 Є		17,547
	18,090	3.63%, 08/15/2043 - 02/15/2044 ‡		20,074
				60,778
		U.S. Treasury Notes - 4.2%
	1,300	0.50%, 09/30/2016 ╦		1,301
	47,965	0.88%, 04/30/2017 Є		48,122
	1,030	1.00%, 09/15/2017 ╦		1,033
	16,000	1.50%, 12/31/2018 ‡		16,048
	1,600	2.38%, 08/15/2024 ╦		1,606
	4,700	3.13%, 04/30/2017 □Є		4,977
	100	4.25%, 11/15/2014 ╦		100
				73,187
				133,965
		Total U.S. Government Securities
		(Cost $130,989)	$	133,965

The accompanying notes are an integral part of these financial statements.

16

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Preferred Stocks - 0.1%
		Banks - 0.0%
	85	Federal Home Loan Mortgage Corp.	$	362
	—	U.S. Bancorp		383
				745
		Diversified Financials - 0.1%
	20	Citigroup Capital XIII		536
	10	Discover Financial Services		265
				801
		Insurance - 0.0%
	11	Allstate (The) Corp.		270
		Total Preferred Stocks
		(Cost $3,562)	$	1,816
		Total Long-Term Investments Excluding Purchased Options
		(Cost $1,711,586)	$	1,736,255
Short-Term Investments - 22.8%
	Other Direct Federal Obligations - 9.1%
		FHLB
$	159,000	0.07%, 04/22/2015 - 04/29/2015	$	158,934
				158,934
	Repurchase Agreements - 1.6%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $77, collateralized by U.S. Treasury Note 1.50%, 2019, value of $78)
	77	0.08%, 10/31/2014		77
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,309, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $1,335)
	1,309	0.09%, 10/31/2014		1,309
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $352, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $359)
	352	0.08%, 10/31/2014		352
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,192, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $1,216)
	1,192	0.10%, 10/31/2014		1,192
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,492, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $4,582)
	4,492	0.08%, 10/31/2014		4,492
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,164, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $5,267)
	5,164	0.09%, 10/31/2014		5,164
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $298, collateralized by U.S. Treasury Note 0.88%, 2017, value of $304)
	298	0.13%, 10/31/2014		298
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $439, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $448)
	439	0.07%, 10/31/2014		439
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,622, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $4,715)
	4,622	0.08%, 10/31/2014		4,622
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $8,957, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $9,136)
	8,957	0.10%, 10/31/2014		8,957
				26,902

The accompanying notes are an integral part of these financial statements.

17

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Short-Term Investments - 22.8% - (continued)
	U.S. Government Agencies - 12.1%
		FHLMC
$	210,000	0.02%, 11/26/2014 ○			$	209,998
		Total Short-Term Investments
		(Cost $395,878)			$	395,834
		Total Investments Excluding Purchased Options
		(Cost $2,107,464)	123.1	%	$	2,132,089
		Total Purchased Options
		(Cost $741)	—	%		326
		Total Investments
		(Cost $2,108,205) ▲	123.1	%	$	2,132,415
		Other Assets and Liabilities	(23.1	)%		(401,041	)
		Total Net Assets	100.0	%	$	1,731,374

The accompanying notes are an integral part of these financial statements.

18

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $2,110,211 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	39,312
Unrealized Depreciation		(17,108	)
Net Unrealized Appreciation	$	22,204

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

Ψ The issuer is in bankruptcy. However, the investment held by the Fund is current with respect to interest payments.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

○ The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.

► Securities disclosed are interest-only strips.

◄ The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

♦ Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $317,301, which represents 18.3% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $58,257, which represents 3.4% of total net assets.

β Convertible security.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

Ð Represents or includes a TBA transaction.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $380,559 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

Є This security, or a portion of this security, has been pledged as collateral in connection with centrally cleared swap contracts.

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

□ This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

The accompanying notes are an integral part of these financial statements.

19

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Cash and securities pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged ‡		Received *
OTC option and/or OTC swap contracts	$	–	$	8,173
Total	$	–	$	8,173

‡ As previously noted, certain securities , or a portion of these securities, are pledged as collateral in connection with certain derivative instruments. These securities are held by the Fund but are not represented in the table above.

* Securities valued at $4,234, held on behalf of the Fund at the custodian bank, were designated by broker(s) as collateral in connection with OTC option and/or OTC swap contracts. Since the broker retains legal title to the securities, the securities are not considered an asset of the Fund.

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate		Expiration Date	Number of Contracts *			Market Value ╪		Premiums Paid by Fund		Unrealized Appreciation (Depreciation)
Purchased Option contracts:
Calls
BRL Call/USD Put	JPM	FX		2.43 BRL per USD	09/28/15		BRL	10,500,000	$	43	$	75	$	(32	)
INR Call/USD Put	BOA	FX		62.55 INR per USD	01/16/15		INR	210,000,000		56		54		2
MXN Call/USD Put	JPM	FX		13.61 MXN per USD	01/15/15		MXN	46,973,453		60		69		(9	)
RUB Call/USD Put	GSC	FX		36.97 RUB per USD	09/02/15		RUB	159,000,000		7		58		(51	)
TRY Call/USD Put	JPM	FX		2.31 TRY per USD	01/19/15		TRY	8,000,000		110		78		32
Total Calls								434,473,453	$	276	$	334	$	(58	)
Total purchased option contracts								434,473,453	$	276	$	334	$	(58	)

* The number of contracts does not omit 000's.

OTC Swaption Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate			Expiration Date	Number of Contracts *			Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased swaption contracts:
Puts
Credit Default Swaption CDX.NA.IG.22	BNP	CR		0.73	%	11/19/14		USD	2,085,000	$	–	$	3	$	(3	)
Interest Rate Swaption USD	JPM	IR		3.50	%	04/29/15		USD	22,975,000		50		404		(354	)
Total Puts									25,060,000	$	50	$	407	$	(357	)
Total purchased swaption contracts									25,060,000	$	50	$	407	$	(357	)
Written swaption contracts:
Calls
Credit Default Swaption CDX.NA.IG.22	BNP	CR		0.60	%	11/19/14		USD	2,085,000	$	1	$	1	$	–
Credit Default Swaption CDX.NA.IG.23	CBK	CR		0.70	%	11/19/14		USD	88,575,000		281		239		(42	)
Credit Default Swaption CDX.NA.IG.23	BNP	CR		0.70	%	11/19/14		USD	2,610,000		8		6		(2	)
Credit Default Swaption CDX.NA.IG.23	MSC	CR		0.70	%	11/19/14		USD	42,044,000		133		94		(39	)
Interest Rate Swaption USD	BNP	IR		3.44	%	10/23/24		USD	5,050,000		616		633		17
Total Calls									140,364,000	$	1,039	$	973	$	(66	)
Puts
Credit Default Swaption CDX.NA.IG.23	CBK	CR		0.70	%	11/19/14		USD	88,580,000	$	51	$	97	$	46
Credit Default Swaption CDX.NA.IG.23	BNP	CR		0.70	%	11/19/14		USD	2,610,000		2		4		2
Credit Default Swaption CDX.NA.IG.23	MSC	CR		0.70	%	11/19/14		USD	42,039,000		25		64		39
Interest Rate Swaption USD	BNP	IR		3.44	%	10/23/24		USD	5,050,000		603		633		30
Total Puts									138,279,000	$	681	$	798	$	117
Total written swaption contracts									278,643,000	$	1,720	$	1,771	$	51

* The number of contracts does not omit 000's.

Δ For purchased swaptions, premiums are paid by the Fund, for written swaptions, premiums are received.

The accompanying notes are an integral part of these financial statements.

20

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts Outstanding at October 31, 2014

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
U.S. Treasury 2-Year Note Future		48	12/31/2014	$	10,510	$	10,539	$	29	$	–		$	–	$	(3	)
U.S. Treasury 5-Year Note Future		2,441	12/31/2014		291,529		291,528		–		(1	)		140		(701	)
U.S. Treasury Long Bond Future		150	12/19/2014		20,969		21,164		195		–			–		(70	)
Total								$	224	$	(1	)	$	140	$	(774	)
Short position contracts:
90-Day Eurodollar Future		351	12/14/2015	$	87,065	$	87,017	$	48	$	–		$	57	$	(17	)
Euro-BOBL Future		1	12/08/2014		159		160		–		(1	)		–		–
Euro-BUND Future		5	12/08/2014		933		946		–		(13	)		–		–
U.S. Treasury 10-Year Note Future		1,056	12/19/2014		133,775		133,436		339		–			168		(57	)
U.S. Treasury CME Ultra Long Term Bond Future		2	12/19/2014		314		314		–		–			–		(6	)
Total								$	387	$	(14	)	$	225	$	(80	)
Total futures contracts								$	611	$	(15	)	$	365	$	(854	)

* The number of contracts does not omit 000's.

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

	Counter-		Notional		(Pay)/ Receive Fixed Rate/ Implied			Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party		Amount (a)		Credit Spread (b)			Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices:
Buy protection:
ABX.HE.AA.06-1		BCLY	USD	1,964		(0.32	)%	07/25/45	$	715	$	–		$	417		$	–	$	(298	)
ABX.HE.AAA.06-1		BCLY	USD	260		(0.18	)%	07/25/45		27		–			6			–		(21	)
ABX.HE.AAA.06-1		CSI	USD	91		(0.18	)%	07/25/45		1		–			2			1		–
ABX.HE.AAA.06-1		GSC	USD	171		(0.18	)%	07/25/45		15		–			4			–		(11	)
ABX.HE.AAA.06-1		JPM	USD	13		(0.18	)%	07/25/45		–		–			–			–		–
ABX.HE.AAA.06-1		MSC	USD	20		(0.18	)%	07/25/45		1		–			1			–		–
ABX.HE.AAA.06-2		BOA	USD	3,137		(0.11	)%	05/25/46		658		–			627			–		(31	)
ABX.HE.AAA.06-2		CSI	USD	82		(0.11	)%	05/25/46		16		–			16			–		–
ABX.HE.AAA.06-2		CSI	USD	1,056		(0.11	)%	05/25/46		249		–			211			–		(38	)
ABX.HE.AAA.06-2		DEUT	USD	381		(0.11	)%	05/25/46		89		–			76			–		(13	)
ABX.HE.AAA.06-2		JPM	USD	626		(0.11	)%	05/25/46		127		–			125			–		(2	)
ABX.HE.AAA.06-2		MSC	USD	897		(0.11	)%	05/25/46		183		–			180			–		(3	)
ABX.HE.AAA.07		JPM	USD	67		(0.09	)%	08/25/37		18		–			18			–		–
ABX.HE.AAA.07		MSC	USD	454		(0.09	)%	08/25/37		118		–			118			–		–
ABX.HE.AAA.07-1		CSI	USD	1,997		(0.09	)%	08/25/37		583		–			519			–		(64	)
ABX.HE.AAA.07-1		GSC	USD	1,131		(0.09	)%	08/25/37		286		–			294			8		–
ABX.HE.AAA.07-1		JPM	USD	67		(0.09	)%	08/25/37		20		–			18			–		(2	)
ABX.HE.AAA.07-1		MSC	USD	1,228		(0.09	)%	08/25/37		303		–			319			16		–
ABX.HE.PENAAA.06-2		BCLY	USD	125		(0.11	)%	05/25/46		21		–			18			–		(3	)
ABX.HE.PENAAA.06-2		GSC	USD	2,023		(0.11	)%	05/25/46		506		–			283			–		(223	)
ABX.HE.PENAAA.06-2		JPM	USD	336		(0.11	)%	05/25/46		46		–			47			1		–
ABX.HE.PENAAA.06-2		JPM	USD	2,172		(0.11	)%	05/25/46		542		–			304			–		(238	)
ABX.HE.PENAAA.06-2		MSC	USD	1,060		(0.11	)%	05/25/46		257		–			148			–		(109	)
ABX.HE.PENAAA.07-1		GSC	USD	1,041		(0.09	)%	08/25/37		433		–			240			–		(193	)
CMBX.NA.A.7		JPM	USD	35		(2.00	)%	01/17/47		1		–			–			–		(1	)
CMBX.NA.A.7		JPM	USD	1,520		(2.00	)%	01/17/47		–		(32	)		(3	)		29		–
CMBX.NA.AA.1		UBS	USD	1,765		(0.25	)%	10/12/52		379		–			257			–		(122	)
CMBX.NA.AA.2		BOA	USD	3,483		(0.15	)%	03/15/49		1,321		–			1,128			–		(193	)
CMBX.NA.AA.2		CSI	USD	1,500		(0.15	)%	03/15/49		468		–			486			18		–
CMBX.NA.AA.2		CSI	USD	158		(0.15	)%	03/15/49		51		–			51			–		–
CMBX.NA.AA.2		GSC	USD	607		(0.15	)%	03/15/49		212		–			197			–		(15	)
CMBX.NA.AA.2		MSC	USD	67		(0.15	)%	03/15/49		23		–			22			–		(1	)
CMBX.NA.AA.7		BOA	USD	350		(1.50	)%	01/17/47		–		(4	)		1			5		–

The accompanying notes are an integral part of these financial statements.

21

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014 - (continued)

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied			Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)			Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices: - (continued)
Buy protection: - (continued)
CMBX.NA.AA.7	CSI	USD	3,770		(1.50	)%	01/17/47	$	19	$	–		$	10		$	–	$	(9	)
CMBX.NA.AA.7	CSI	USD	2,065		(1.50	)%	01/17/47		–		(20	)		6			26		–
CMBX.NA.AA.7	MSC	USD	1,565		(1.50	)%	01/17/47		–		(16	)		4			20		–
CMBX.NA.AJ.1	DEUT	USD	165		(0.84	)%	10/12/52		4		–			4			–		–
CMBX.NA.AJ.1	DEUT	USD	655		(0.84	)%	10/12/52		45		–			16			–		(29	)
CMBX.NA.AJ.1	JPM	USD	340		(0.84	)%	10/12/52		18		–			8			–		(10	)
CMBX.NA.AJ.1	MSC	USD	1,170		(0.84	)%	10/12/52		82		–			29			–		(53	)
CMBX.NA.AJ.2	DEUT	USD	2,045		(1.09	)%	03/15/49		186		–			175			–		(11	)
CMBX.NA.AJ.2	DEUT	USD	159		(1.09	)%	03/15/49		13		–			14			1		–
CMBX.NA.AJ.2	GSC	USD	3,827		(1.09	)%	03/15/49		289		–			327			38		–
CMBX.NA.AJ.4	CBK	USD	1,021		(0.96	)%	02/17/51		194		–			199			5		–
CMBX.NA.AJ.4	CSI	USD	548		(0.96	)%	02/17/51		110		–			107			–		(3	)
CMBX.NA.AJ.4	CSI	USD	2,331		(0.96	)%	02/17/51		430		–			453			23		–
CMBX.NA.AJ.4	DEUT	USD	1,285		(0.96	)%	02/17/51		251		–			250			–		(1	)
CMBX.NA.AJ.4	GSC	USD	3,172		(0.96	)%	02/17/51		557		–			617			60		–
CMBX.NA.AJ.4	JPM	USD	349		(0.96	)%	02/17/51		73		–			67			–		(6	)
CMBX.NA.AJ.4	JPM	USD	383		(0.96	)%	02/17/51		73		–			75			2		–
CMBX.NA.AJ.4	MSC	USD	3,367		(0.96	)%	02/17/51		1,033		–			654			–		(379	)
CMBX.NA.AJ.4	MSC	USD	1,579		(0.96	)%	02/17/51		282		–			307			25		–
CMBX.NA.AM.2	CSI	USD	3,645		(0.50	)%	03/15/49		224		–			46			–		(178	)
CMBX.NA.AM.2	DEUT	USD	3,645		(0.50	)%	03/15/49		210		–			46			–		(164	)
CMBX.NA.AM.2	JPM	USD	1,310		(0.50	)%	03/15/49		25		–			16			–		(9	)
CMBX.NA.AM.2	MSC	USD	705		(0.50	)%	03/15/49		35		–			9			–		(26	)
CMBX.NA.AM.4	BOA	USD	890		(0.50	)%	02/17/51		107		–			36			–		(71	)
CMBX.NA.AM.4	CSI	USD	510		(0.50	)%	02/17/51		59		–			21			–		(38	)
CMBX.NA.AM.4	GSC	USD	475		(0.50	)%	02/17/51		59		–			19			–		(40	)
CMBX.NA.AM.4	JPM	USD	200		(0.50	)%	02/17/51		11		–			9			–		(2	)
CMBX.NA.AM.4	MSC	USD	2,155		(0.50	)%	02/17/51		369		–			88			–		(281	)
CMBX.NA.AS.6	CSI	USD	245		(1.00	)%	05/11/63		1		–			2			1		–
CMBX.NA.AS.6	CSI	USD	3,270		(1.00	)%	05/11/63		44		–			29			–		(15	)
CMBX.NA.AS.7	CBK	USD	1,445		(1.00	)%	01/17/47		34		–			23			–		(11	)
CMBX.NA.AS.7	CSI	USD	120		(1.00	)%	01/17/47		1		–			2			1		–
CMBX.NA.AS.7	CSI	USD	1,610		(1.00	)%	01/17/47		38		–			26			–		(12	)
Total								$	12,545	$	(72	)	$	9,824		$	280	$	(2,929	)
Sell protection:
CMBX.NA.A.2	BOA	USD	867		0.25	%	03/15/49	$	–	$	(503	)	$	(560	)	$	–	$	(57	)
CMBX.NA.A.2	DEUT	USD	28		0.25	%	03/15/49		–		(17	)		(18	)		–		(1	)
CMBX.NA.AAA.6	BOA	USD	3,720		0.50	%	05/11/63		–		(94	)		(73	)		21		–
CMBX.NA.AAA.6	CSI	USD	11,275		0.50	%	05/11/63		–		(281	)		(221	)		60		–
CMBX.NA.AAA.6	CSI	USD	1,840		0.50	%	05/11/63		–		(36	)		(36	)		–		–
CMBX.NA.AAA.6	CSI	USD	740		5.00	%	05/11/63		–		(22	)		(1	)		21		–
CMBX.NA.AAA.6	DEUT	USD	2,430		0.50	%	05/11/63		–		(38	)		(48	)		–		(10	)
CMBX.NA.AAA.6	DEUT	USD	5,435		0.50	%	05/11/63		–		(132	)		(106	)		26		–
CMBX.NA.AAA.6	GSC	USD	1,210		0.50	%	05/11/63		–		(27	)		(24	)		3		–
CMBX.NA.AAA.6	MSC	USD	1,390		0.50	%	05/11/63		–		(37	)		(27	)		10		–
CMBX.NA.AAA.6	UBS	USD	10,000		0.50	%	05/11/63		–		(256	)		(195	)		61		–
CMBX.NA.AAA.7	BOA	USD	2,375		0.50	%	01/17/47		–		(58	)		(69	)		–		(11	)
CMBX.NA.AAA.7	CSI	USD	2,430		0.50	%	01/17/47		–		(67	)		(71	)		–		(4	)
CMBX.NA.BB.6	BCLY	USD	785		5.00	%	05/11/63		6		–			(1	)		–		(7	)
CMBX.NA.BB.6	BOA	USD	1,945		5.00	%	05/11/63		–		(19	)		(3	)		16		–
CMBX.NA.BB.6	CBK	USD	1,515		5.00	%	05/11/63		–		(11	)		(2	)		9		–
CMBX.NA.BB.6	CSI	USD	415		5.00	%	05/11/63		–		–			–			–		–
CMBX.NA.BB.6	CSI	USD	5,175		5.00	%	05/11/63		50		–			(8	)		–		(58	)
CMBX.NA.BB.6	CSI	USD	3,855		5.00	%	05/11/63		–		(37	)		(8	)		29		–
CMBX.NA.BB.6	GSC	USD	1,010		5.00	%	05/11/63		7		–			(1	)		–		(8	)
CMBX.NA.BB.6	UBS	USD	605		5.00	%	05/11/63		16		–			(1	)		–		(17	)

The accompanying notes are an integral part of these financial statements.

22

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014 - (continued)

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied	Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)	Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices: - (continued)
Sell protection: - (continued)
CMBX.NA.BB.7	BCLY	USD	360	5.00%	01/17/47	$	–	$	(11	)	$	(9	)	$	2	$	–
CMBX.NA.BB.7	BOA	USD	2,085	5.00%	01/17/47		–		(79	)		(51	)		28		–
CMBX.NA.BB.7	CBK	USD	385	5.00%	01/17/47		–		(12	)		(9	)		3		–
CMBX.NA.BB.7	CSI	USD	705	5.00%	01/17/47		7		–			(17	)		–		(24	)
CMBX.NA.BB.7	CSI	USD	2,650	5.00%	01/17/47		–		(139	)		(64	)		75		–
CMBX.NA.BB.7	DEUT	USD	1,125	5.00%	01/17/47		–		(37	)		(28	)		9		–
CMBX.NA.BB.7	DEUT	USD	575	5.00%	01/17/47		–		(6	)		(14	)		–		(8	)
CMBX.NA.BB.7	GSC	USD	1,625	5.00%	01/17/47		–		(98	)		(39	)		59		–
CMBX.NA.BBB-.7	CSI	USD	1,160	3.00%	01/17/47		–		(20	)		(23	)		–		(3	)
CMBX.NA.BBB-.7	CSI	USD	1,080	3.00%	01/17/47		–		(64	)		(21	)		43		–
CMBX.NA.BBB-.7	UBS	USD	840	3.00%	01/17/47		–		(45	)		(16	)		29		–
PrimeX.ARM.2	JPM	USD	69	4.58%	12/25/37		2		–			2			–		–
PrimeX.ARM.2	JPM	USD	309	4.58%	12/25/37		10		–			10			–		–
PrimeX.ARM.2	MSC	USD	2,592	4.58%	06/25/36		–		(190	)		80			270		–
PrimeX.ARM.2	MSC	USD	128	4.58%	12/25/37		4		–			4			–		–
PrimeX.FRM.1	JPM	USD	395	4.42%	07/25/36		41		–			41			–		–
Total						$	143	$	(2,336	)	$	(1,627	)	$	774	$	(208	)
Total traded indices						$	12,688	$	(2,408	)	$	8,197		$	1,054	$	(3,137	)
Credit default swaps on single-name issues:
Buy protection:
ConAgra Foods, Inc.	GSC	USD	1,275	(1.00)% / (0.53) %	12/20/19	$	–	$	(21	)	$	(30	)	$	–	$	(9	)
Sell protection:
Illinois State GO	GSC	USD	1,050	1.00% / 1.11%	06/20/17	$	4	$	–		$	(3	)	$	–	$	(7	)
International Lease Finance Corp.	BCLY	USD	415	5.00% / 2.15%	12/20/19		53		–			55			2		–
Total						$	57	$	–		$	52		$	2	$	(7	)
Total single-name issues						$	57	$	(21	)	$	22		$	2	$	(16	)
						$	12,745	$	(2,429	)	$	8,219		$	1,056	$	(3,153	)

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

The accompanying notes are an integral part of these financial statements.

23

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

	Clearing	Notional		(Pay)/ Receive Fixed			Expiration				Market			Unrealized Appreciation/ (Depreciation)					Variation Margin
Reference Entity	House (a)	Amount (b)		Rate			Date	Cost Basis			Value ╪			Asset		Liability			Asset		Liability
Credit default swaps on indices:
Buy protection:
CDX.NA.HY.22	CME	USD	37,739		(5.00	)%	06/20/19	$	(2,531	)	$	(2,828	)	$	–	$	(297	)	$	–	$	(127	)
CDX.NA.HY.23	CME	USD	35,015		(5.00	)%	12/20/19		(1,610	)		(2,446	)		–		(836	)		–		(138	)
CDX.NA.IG.23	CME	USD	8,066		(1.00	)%	12/20/19		(97	)		(142	)		–		(45	)		12		(18	)
ITRAXX.EUR.22	ICE	EUR	25,165		(1.00	)%	12/20/19		(494	)		(553	)		–		(59	)		–		(45	)
ITRAXX.XOV.22	ICE	EUR	22,525		(5.00	)%	12/20/19		(1,750	)		(1,815	)		–		(65	)		–		(115	)
Total								$	(6,482	)	$	(7,784	)	$	–	$	(1,302	)	$	12	$	(443	)

(a) The FCM to the contracts is GSC.

(b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2014

Clearing

Payments made

Payments received

Notional

Expiration

Upfront Premiums Paid

Market

Unrealized Appreciation/ (Depreciation)

Variation Margin

House (a)

by Fund

by Fund

Amount

Date

(Received)

Value ╪

Asset

Liability

Asset

Liability

LCH

0.43% Fixed

6M EURIBOR

EUR

250

09/17/17

$

–

$

(1

)

$

–

$

(1

)

$

–

$

–

(a) The FCM to the contracts is GSC.

TBA Sale Commitments Outstanding at October 31, 2014
Description	Principal Amount		Maturity Date	Market Value ╪		Unrealized Appreciation/ Depreciation
FHLMC, 3.00%	$	13,000	11/15/2044	$	13,010	$	(75	)
FHLMC, 3.50%		9,000	11/15/2044		9,290		(73	)
FHLMC, 5.00%		1,900	11/15/2044		2,099		(1	)
FHLMC, 5.50%		11,000	12/15/2044		12,256		(26	)
FNMA, 3.00%		22,590	11/15/2029		23,428		(46	)
FNMA, 3.50%		19,100	11/15/2029		20,180		35
FNMA, 5.50%		10,400	11/15/2044		11,614		(28	)
FNMA, 6.00%		2,600	11/15/2044		2,943		(4	)
GNMA, 3.50%		12,900	11/15/2044		13,496		59
GNMA, 4.50%		8,650	11/15/2044		9,439		(42	)
Total				$	117,755	$	(201	)

At October 31, 2014, the aggregate market value of these securities represents 6.8% of total net assets.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

EUR

Buy

12/17/2014

CSFB

$

270

$

267

$

–

$

(3

)

EUR

Buy

12/17/2014

DEUT

806

790

–

(16

)

EUR

Buy

12/17/2014

HSBC

1,662

1,662

–

–

EUR

Buy

12/17/2014

TDS

5,428

5,331

–

(97

)

EUR

Sell

12/17/2014

BCLY

983

975

8

–

EUR

Sell

09/18/2015

CBK

1,714

1,665

49

–

EUR

Sell

12/17/2014

CSFB

681

673

8

–

The accompanying notes are an integral part of these financial statements.

24

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)
								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
EUR	Sell	12/17/2014	DEUT	$	8,075	$	7,818	$	257	$	–
EUR	Sell	11/04/2014	HSBC		1,662		1,662		–		–
EUR	Sell	12/17/2014	HSBC		270		262		8		–
EUR	Sell	11/28/2014	JPM		23,701		23,451		250		–
GBP	Buy	12/17/2014	RBC		418		411		–		(7	)
GBP	Sell	11/28/2014	CBK		5,366		5,358		8		–
JPY	Buy	12/17/2014	JPM		1,378		1,308		–		(70	)
JPY	Sell	12/17/2014	GSC		1,342		1,308		34		–
NGN	Buy	10/08/2015	BNP		2,734		2,688		–		(46	)
RSD	Buy	09/18/2015	CBK		1,582		1,549		–		(33	)
TRY	Buy	03/31/2015	BOA		2,889		2,987		98		–
Total								$	720	$	(272	)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

25

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BNP	BNP Paribas Securities Services
BOA	Banc of America Securities LLC
CBK	Citibank NA
CME	Chicago Mercantile Exchange
CSFB	Credit Suisse First Boston Corp.
CSI	Credit Suisse International
DEUT	Deutsche Bank Securities, Inc.
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
ICE	Intercontinental Exchange
JPM	JP Morgan Chase & Co.
LCH	LCH Clearnet
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
TDS	TD Securities, Inc.
UBS	UBS AG
Currency Abbreviations:
BRL	Brazilian Real
DOP	Dominican Peso
EUR	EURO
GBP	British Pound
IDR	Indonesian New Rupiah
INR	Indian Rupee
JPY	Japanese Yen
MXN	Mexican New Peso
NGN	Nigerian Naira
RSD	Serbian Dinar
RUB	Russian New Ruble
TRY	Turkish New Lira
USD	U.S. Dollar
UYU	Uruguayan Peso
ZAR	South African Rand

Index Abbreviations:
ABX.HE	Markit Asset Backed Security Home Equity
ABX.HE.PEN	Markit Asset Backed Security Home Equity Penultimate
CDX.NA.HY	Credit Derivatives North American High Yield
CDX.NA.IG	Credit Derivatives North American Investment Grade
CMBX.NA	Markit Commercial Mortgage Backed North American
ITRAXX.EUR	Markit iTraxx - Europe
ITRAXX.XOV	Markit iTraxx Index - Europe Crossover
PrimeX.ARM	Markit PrimeX Adjustable Rate Mortgage Backed Security
PrimeX.FRM	Markit PrimeX Fixed Rate Mortgage Backed Security
Municipal Bond Abbreviations:
GO	General Obligation
Rev	Revenue
Other Abbreviations:
CLO	Collateralized Loan Obligation
CR	Credit
EURIBOR	Euro Interbank Offered Rate
FHLB	Federal Home Loan Bank
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
IR	Interest Rate
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
REIT	Real Estate Investment Trust
TBA	To Be Announced

The accompanying notes are an integral part of these financial statements.

26

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	488,433	$	–	$	441,271	$	47,162
Corporate Bonds		422,852		–		421,602		1,250
Foreign Government Obligations		36,877		–		36,877		–
Municipal Bonds		14,877		–		14,877		–
Preferred Stocks		1,816		1,433		383		–
Senior Floating Rate Interests		85,944		–		85,944		–
U.S. Government Agencies		551,491		–		551,491		–
U.S. Government Securities		133,965		24,763		109,202		–
Short-Term Investments		395,834		–		395,834		–
Purchased Options		326		–		326		–
Total	$	2,132,415	$	26,196	$	2,057,807	$	48,412
Foreign Currency Contracts *	$	720	$	–	$	720	$	–
Futures *		611		611		–		–
Swaps - Credit Default *		1,056		–		1,056		–
Total	$	2,387	$	611	$	1,776	$	–
Liabilities:
TBA Sale Commitments	$	117,755	$	–	$	117,755	$	–
Written Options		1,720		–		1,720		–
Total	$	119,475	$	–	$	119,475	$	–
Foreign Currency Contracts *	$	272	$	–	$	272	$	–
Futures *		15		15		–		–
Swaps - Credit Default *		4,455		–		4,455		–
Swaps - Interest Rate *		1		–		1		–
Total	$	4,743	$	15	$	4,728	$	–

♦ For the year ended October 31, 2014, investments valued at $27,730 were transferred from Level 1 to Level 2, and there were no transfers from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

27

The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	44,890	$	1,962	$	1,063	†	$	2,017	$	19,468	$	(19,795	)	$	607	$	(3,050	)	$	47,162
Corporate Bonds		2,538		58		62	‡		—		1,250		(2,658	)		—		—			1,250
U.S. Government Agencies		1,301		—		—			—		—		—			—		(1,301	)		—
Total	$	48,729	$	2,020	$	1,125		$	2,017	$	20,718	$	(22,453	)	$	607	$	(4,351	)	$	48,412
Swaps§	$	39	$	—	$	—		$	—	$	—	$	—		$	—	$	(39	)	$	—
Total	$	39	$	—	$	—		$	—	$	—	$	—		$	—	$	(39	)	$	—

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $1,297.

‡ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was zero.

§ Derivative instruments not reflected in the Schedule of Investments are valued at the unrealized appreciation/ depreciation on the investment.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

28

The Hartford Total Return Bond Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $2,108,205)	$	2,132,415
Cash		758
Foreign currency on deposit with custodian (cost $—)		—
Unrealized appreciation on foreign currency contracts		720
Unrealized appreciation on OTC swap contracts		1,056
Receivables:
Investment securities sold		298,986
Fund shares sold		3,098
Dividends and interest		8,602
Variation margin on financial derivative instruments		377
OTC swap premiums paid		12,745
Other assets		278
Total assets		2,459,035
Liabilities:
Unrealized depreciation on foreign currency contracts		272
Unrealized depreciation on OTC swap contracts		3,153
TBA sale commitments, at market value (proceeds $117,554)		117,755
Payables:
Investment securities purchased		594,940
Fund shares redeemed		1,618
Investment management fees		168
Dividends		38
Administrative fees		1
Distribution fees		47
Collateral received from broker		3,939
Variation margin on financial derivative instruments		1,297
Accrued expenses		206
OTC swap premiums received		2,429
Written option contracts (proceeds $1,771)		1,720
Other liabilities		78
Total liabilities		727,661
Net assets	$	1,731,374
Summary of Net Assets:
Capital stock and paid-in-capital	$	1,674,048
Undistributed net investment income		1,028
Accumulated net realized gain		34,643
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		21,655
Net assets	$	1,731,374

The accompanying notes are an integral part of these financial statements.

29

The Hartford Total Return Bond Fund

Statement of Assets and Liabilities – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		850,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$10.71/$11.21
Shares outstanding		56,256
Net assets	$	602,306
Class B: Net asset value per share	$	10.63
Shares outstanding		1,819
Net assets	$	19,329
Class C: Net asset value per share	$	10.72
Shares outstanding		6,578
Net assets	$	70,539
Class I: Net asset value per share	$	10.72
Shares outstanding		1,095
Net assets	$	11,737
Class R3: Net asset value per share	$	10.90
Shares outstanding		630
Net assets	$	6,868
Class R4: Net asset value per share	$	10.88
Shares outstanding		1,501
Net assets	$	16,342
Class R5: Net asset value per share	$	10.88
Shares outstanding		90
Net assets	$	978
Class Y: Net asset value per share	$	10.87
Shares outstanding		92,259
Net assets	$	1,003,275

The accompanying notes are an integral part of these financial statements.

30

The Hartford Total Return Bond Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	230
Interest		52,018
Less: Foreign tax withheld		(9	)
Total investment income		52,239
Expenses:
Investment management fees		8,336
Administrative services fees
Class R3		14
Class R4		23
Class R5		1
Transfer agent fees
Class A		1,129
Class B		94
Class C		115
Class I		8
Class R3		2
Class R4		1
Class R5		—
Class Y		15
Distribution fees
Class A		1,451
Class B		254
Class C		719
Class R3		35
Class R4		39
Custodian fees		48
Accounting services fees		330
Registration and filing fees		143
Board of Directors' fees		43
Audit fees		19
Other expenses		231
Total expenses (before waivers and fees paid indirectly)		13,050
Expense waivers		(311	)
Management fee waivers		(778	)
Transfer agent fee waivers		(18	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(1,107	)
Total expenses, net		11,943
Net Investment Income		40,296
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		50,219
Less: Foreign taxes paid on realized capital gains		(22	)
Net realized gain on purchased option contracts		625
Net realized loss on TBA sale transactions		(7,686	)
Net realized loss on futures contracts		(3,587	)
Net realized gain on written option contracts		29
Net realized loss on swap contracts		(5,166	)
Net realized gain on foreign currency contracts		461
Net realized loss on other foreign currency transactions		(96	)
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		34,777
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(2,612	)
Net unrealized depreciation of purchased option contracts		(554	)
Net unrealized appreciation of TBA sale commitments		1,014
Net unrealized appreciation of futures contracts		1,526
Net unrealized appreciation of written option contracts		51
Net unrealized appreciation of swap contracts		181
Net unrealized appreciation of foreign currency contracts		415
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(41	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(20	)
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		34,757
Net Increase in Net Assets Resulting from Operations	$	75,053

The accompanying notes are an integral part of these financial statements.

31

The Hartford Total Return Bond Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	40,296		$	40,033
Net realized gain on investments, other financial instruments and foreign currency transactions		34,777			4,534
Net unrealized depreciation of investments, other financial instruments and foreign currency transactions		(20	)		(59,376	)
Net Increase (Decrease) in Net Assets Resulting from Operations		75,053			(14,809	)
Distributions to Shareholders:
From net investment income
Class A		(12,751	)		(16,233	)
Class B		(374	)		(681	)
Class C		(1,041	)		(1,601	)
Class I		(164	)		(265	)
Class R3		(129	)		(187	)
Class R4		(334	)		(448	)
Class R5		(18	)		(22	)
Class Y		(24,020	)		(25,350	)
Total from net investment income		(38,831	)		(44,787	)
From net realized gain on investments
Class A		—			(20,739	)
Class B		—			(1,382	)
Class C		—			(3,099	)
Class I		—			(464	)
Class R3		—			(289	)
Class R4		—			(621	)
Class R5		—			(29	)
Class Y		—			(27,439	)
Total from net realized gain on investments		—			(54,062	)
Total distributions		(38,831	)		(98,849	)
Capital Share Transactions:
Class A		3,081			(65,339	)
Class B		(12,494	)		(12,994	)
Class C		(9,035	)		(20,796	)
Class I		4,842			(3,565	)
Class R3		(945	)		(1,703	)
Class R4		270			(4,958	)
Class R5		299			(300	)
Class Y		98,559			(11,551	)
Net increase (decrease) from capital share transactions		84,577			(121,206	)
Net Increase (Decrease) in Net Assets		120,799			(234,864	)
Net Assets:
Beginning of period		1,610,575			1,845,439
End of period	$	1,731,374		$	1,610,575
Undistributed (distributions in excess of) net investment income	$	1,028		$	730

The accompanying notes are an integral part of these financial statements.

32

The Hartford Total Return Bond Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Total Return Bond Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

33

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of OTC options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date. 

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent

34

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. For more information on specific valuation techniques and unobservable inputs, please see the following table titled "Quantitative Information about Level 3 Fair Value Measurements."

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund’s Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company’s Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

35

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Quantitative Information about Level 3 Fair Value Measurements:

Security Type/Valuation Technique	Unobservable Input *	Input Value(s) Range (Weighted Average) ‡	Fair Value at October 31, 2014
Assets:
Asset and Commercial Mortgage Backed Securities
Cost	Recent trade price	$100.44	$	889
	Date	10/24/2014
Discounted cash flow	Internal rate of return	2.79% - 6.87% (4.43%)		38,028
	Life expectancy (in months)	24 - 309 (142)
Independent pricing service	Prior day valuation	$67.09 - $100.12 ($72.07)		1,408
Indicative market quotations	Broker quote †	$99.91 - $100.22 ($100.09)		6,837
Corporate Bonds
Cost	Recent trade price	$100.00		1,250
	Date	10/30/2014
Total			$	48,412

* Significant changes to any unobservable inputs may result in a significant change to the fair value.

‡ Unless otherwise noted, inputs were weighted based on the fair value of the investments included in the range.

† The broker quote represents the best available estimate of fair value per share as of October 31, 2014.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into. 

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable. 

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Statement of Operations as a reduction to net realized gain on investments in these securities.  

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net

36

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared daily and paid monthly. Dividends from realized gains, if any, are paid at least once a year.  

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least

37

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund, as shown on the Schedule of Investments, had open TBA commitments as of October 31, 2014, which may be a part of dollar roll transactions.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security,

38

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund, as shown on the Schedule of Investments, had inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in

39

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:
Call Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		145,414,434			2,295
Expired		—			—
Closed		(5,050,434	)		(1,322	)
Exercised		—			—
End of period		140,364,000		$	973

Put Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		145,414,415			2,103
Expired		—			—
Closed		(7,135,415	)		(1,305	)
Exercised		—			—
End of period		138,279,000		$	798

* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors.

40

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and

41

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the  Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund, as shown on the  Schedule of Investments, had outstanding interest rate swap contracts as of October 31, 2014.

Spreadlock Swap Contracts – The Fund may invest in spreadlock swap contracts. These contracts involve commitments to pay or receive a settlement amount calculated as the spread difference between two interest rate curves and a fixed spread at a specific forward date determined at the beginning of the contract. Settlement amounts paid or received are recorded as a realized gain or loss on the Statement of Operations at the determination date.  The Fund had no outstanding spreadlock swap contracts as of October 31, 2014.

Additional Derivative Instrument Information:  

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	50	$	276	$	—	$	—	$	—	$	—	$	326
Unrealized appreciation on foreign currency contracts		—		720		—		—		—		—		720
Unrealized appreciation on OTC swap contracts		—		—		1,056		—		—		—		1,056
Variation margin receivable *		365		—		12		—		—		—		377
Total	$	415	$	996	$	1,068	$	—	$	—	$	—	$	2,479
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	272	$	—	$	—	$	—	$	—	$	272
Unrealized depreciation on OTC swap contracts		—		—		3,153		—		—		—		3,153
Variation margin payable *		854		—		443		—		—		—		1,297
Written option contracts, market value		1,219		—		501		—		—		—		1,720
Total	$	2,073	$	272	$	4,097	$	—	$	—	$	—	$	6,442

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative appreciation of $596 and open centrally cleared swaps net cumulative depreciation of $(1,303) as reported in the Schedule of Investments.

42

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts			Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain on purchased option contracts	$	625		$	—		$	—		$	—	$	—	$	—	$	625
Net realized loss on futures contracts		(3,587	)		—			—			—		—		—		(3,587	)
Net realized gain on written option contracts		28			—			1			—		—		—		29
Net realized loss on swap contracts		(386	)		—			(4,780	)		—		—		—		(5,166	)
Net realized gain on foreign currency contracts		—			461			—			—		—		—		461
Total	$	(3,320	)	$	461		$	(4,779	)	$	—	$	—	$	—	$	(7,638	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of purchased option contracts	$	(493	)	$	(58	)	$	(3	)	$	—	$	—	$	—	$	(554	)
Net change in unrealized appreciation of futures contracts		1,526			—			—			—		—		—		1,526
Net change in unrealized appreciation of written option contracts		47			—			4			—		—		—		51
Net change in unrealized appreciation (depreciation) of swap contracts		817			—			(636	)		—		—		—		181
Net change in unrealized appreciation of foreign currency contracts		—			415			—			—		—		—		415
Total	$	1,897		$	357		$	(635	)	$	—	$	—	$	—	$	1,619

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received			Cash Collateral Received			Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	10,345	$	(2,169	)	$	(3,807	)†	$	(3,888	)†	$	481
Futures contracts - variation margin receivable		365		(365	)		—			—			—
Swap contracts - variation margin receivable		12		(12	)		—			—			—
Unrealized appreciation on foreign currency contracts		720		(122	)		—			—			598
Total subject to a master netting or similar arrangement	$	11,442	$	(2,668	)	$	(3,807	)	$	(3,888	)	$	1,079

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

† An additional $427 of non-cash collateral and $51 of cash collateral was received by the Fund related to dervative assets.

43

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged			Cash Collateral Pledged		Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	3,520	$	(2,169	)	$	—		$	—	$	1,351
Futures contracts - variation margin payable		854		(365	)		(4,627	)		—		—
Swaps contracts - variation margin payable		443		(12	)		(4,992	)		—		—
Unrealized depreciation on foreign currency contracts		272		(122	)		—			—		150
Total subject to a master netting or similar arrangement	$	5,089	$	(2,668	)	$	(9,619	)	$	—	$	1,501

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above.

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

44

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	38,832	$	75,709
Long-Term Capital Gains ‡		—		23,171

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows: 

	Amount
Undistributed Ordinary Income	$	25,981
Undistributed Long-Term Capital Gain		11,948
Unrealized Appreciation*		18,111
Total Accumulated Earnings	$	56,040

* Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(1,167	)
Accumulated Net Realized Gain (Loss)		1,167

45

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

The Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2014. 

During the year ended October 31, 2014, the Fund utilized $1,613 of prior year short term capital loss carryforwards.

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.550%
On next $500 million	0.500%
On next $1.5 billion	0.475%
On next $2.5 billion	0.465%
On next $5 billion	0.455%
Over $10 billion	0.445%

Effective November 1, 2013, HFMC voluntarily agreed to waive investment management fees of 0.04% of average daily net assets until September 30, 2014. Effective October 1, 2014, HFMC contractually agreed to waive investment management fees of 0.12% of average daily net assets through February 29, 2016. These amounts are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

46

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.020%
On next $5 billion	0.015%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. For the period October 1, 2014 through October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.87%	1.62%	1.62%	0.62%	1.17%	0.87%	0.57%	0.52%

Effective November 1, 2013 through September 30, 2014, the investment manager voluntarily agreed to limit the total operating expenses of the Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.91%	1.66%	1.66%	0.66%	1.21%	0.91%	0.61%	0.56%

Fees Paid Indirectly – The Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		0.91	%
Class B		1.65
Class C		1.65
Class I		0.62
Class R3		1.21
Class R4		0.90
Class R5		0.60
Class Y		0.51

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $2,079 and contingent deferred sales charges of $28 from the Fund.

47

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $3. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		41	%

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	11,948,249	$	587,516	$	12,535,765
Sales Proceeds		11,989,934		800,206		12,790,140

48

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		10,782		1,188		(11,729	)		241			10,834		3,384		(20,586	)		(6,368	)
Amount	$	114,511	$	12,625	$	(124,055	)	$	3,081		$	116,655	$	36,313	$	(218,307	)	$	(65,339	)
Class B
Shares		70		34		(1,292	)		(1,188	)		154		183		(1,573	)		(1,236	)
Amount	$	742	$	360	$	(13,596	)	$	(12,494	)	$	1,650	$	1,955	$	(16,599	)	$	(12,994	)
Class C
Shares		902		92		(1,854	)		(860	)		1,231		404		(3,618	)		(1,983	)
Amount	$	9,618	$	981	$	(19,634	)	$	(9,035	)	$	13,305	$	4,343	$	(38,444	)	$	(20,796	)
Class I
Shares		802		14		(367	)		449			739		63		(1,156	)		(354	)
Amount	$	8,577	$	152	$	(3,887	)	$	4,842		$	8,114	$	673	$	(12,352	)	$	(3,565	)
Class R3
Shares		145		12		(245	)		(88	)		152		44		(354	)		(158	)
Amount	$	1,561	$	129	$	(2,635	)	$	(945	)	$	1,648	$	475	$	(3,826	)	$	(1,703	)
Class R4
Shares		374		31		(381	)		24			199		98		(756	)		(459	)
Amount	$	4,053	$	334	$	(4,117	)	$	270		$	2,168	$	1,067	$	(8,193	)	$	(4,958	)
Class R5
Shares		47		2		(21	)		28			24		5		(57	)		(28	)
Amount	$	504	$	18	$	(223	)	$	299		$	274	$	51	$	(625	)	$	(300	)
Class Y
Shares		27,295		2,213		(20,357	)		9,151			17,825		4,832		(23,686	)		(1,029	)
Amount	$	294,471	$	23,873	$	(219,785	)	$	98,559		$	193,493	$	52,568	$	(257,612	)	$	(11,551	)
Total
Shares		40,417		3,586		(36,246	)		7,757			31,158		9,013		(51,786	)		(11,615	)
Amount	$	434,037	$	38,472	$	(387,932	)	$	84,577		$	337,307	$	97,445	$	(555,958	)	$	(121,206	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		194	$	2,060
For the Year Ended October 31, 2013		147	$	1,574

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

49

The Hartford Total Return Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

The Board of Directors at their November 5-6, 2014 meeting approved a new advisory fee schedule for the Fund. Effective November 7, 2014, the schedule below reflects the rates of compensation for investment management services rendered; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.430%
On next $500 million	0.380%
On next $4 billion	0.370%
On next $5 billion	0.360%
Over $10 billion	0.350%

At the November 5-6, 2014 meeting, the Board of Directors also approved the termination of the 0.12% contractual management fee waiver that took effect on October 1, 2014.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

50

The Hartford Total Return Bond Fund

Financial Highlights

	- Selected Per-Share Data - (A)																								- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	10.48	$	0.24	$	0.22		$	0.46		$	(0.23	)	$	–		$	(0.23	)	$	10.71		4.46	%	$	602,306		1.00	%		0.91	%		2.26	%
B		10.40		0.16		0.22			0.38			(0.15	)		–			(0.15	)		10.63		3.72			19,329		1.93			1.65			1.52
C		10.49		0.16		0.22			0.38			(0.15	)		–			(0.15	)		10.72		3.68			70,539		1.72			1.65			1.51
I		10.49		0.27		0.22			0.49			(0.26	)		–			(0.26	)		10.72		4.75			11,737		0.67			0.62			2.51
R3		10.66		0.21		0.23			0.44			(0.20	)		–			(0.20	)		10.90		4.16			6,868		1.28			1.21			1.96
R4		10.64		0.24		0.23			0.47			(0.23	)		–			(0.23	)		10.88		4.48			16,342		0.96			0.90			2.26
R5		10.64		0.27		0.24			0.51			(0.27	)		–			(0.27	)		10.88		4.79			978		0.67			0.60			2.55
Y		10.63		0.29		0.22			0.51			(0.27	)		–			(0.27	)		10.87		4.89			1,003,275		0.56			0.51			2.66
For the Year Ended October 31, 2013
A	$	11.16	$	0.23	$	(0.32	)	$	(0.09	)	$	(0.26	)	$	(0.33	)	$	(0.59	)	$	10.48		(0.83	)%	$	586,762		0.99	%		0.95	%		2.15	%
B		11.08		0.15		(0.32	)		(0.17	)		(0.18	)		(0.33	)		(0.51	)		10.40		(1.58	)		31,258		1.88			1.70			1.39
C		11.18		0.15		(0.33	)		(0.18	)		(0.18	)		(0.33	)		(0.51	)		10.49		(1.66	)		78,034		1.70			1.70			1.40
I		11.17		0.26		(0.32	)		(0.06	)		(0.29	)		(0.33	)		(0.62	)		10.49		(0.55	)		6,771		0.68			0.68			2.42
R3		11.35		0.20		(0.33	)		(0.13	)		(0.23	)		(0.33	)		(0.56	)		10.66		(1.21	)		7,655		1.28			1.25			1.85
R4		11.33		0.23		(0.33	)		(0.10	)		(0.26	)		(0.33	)		(0.59	)		10.64		(0.92	)		15,725		0.96			0.95			2.15
R5		11.33		0.26		(0.33	)		(0.07	)		(0.29	)		(0.33	)		(0.62	)		10.64		(0.61	)		664		0.67			0.65			2.44
Y		11.32		0.28		(0.34	)		(0.06	)		(0.30	)		(0.33	)		(0.63	)		10.63		(0.52	)		883,706		0.55			0.55			2.55
For the Year Ended October 31, 2012 (D)
A	$	10.76	$	0.29	$	0.50		$	0.79		$	(0.34	)	$	(0.05	)	$	(0.39	)	$	11.16		7.50	%	$	696,383		0.98	%		0.89	%		2.64	%
B		10.69		0.20		0.50			0.70			(0.26	)		(0.05	)		(0.31	)		11.08		6.66			47,026		1.85			1.64			1.90
C		10.78		0.21		0.50			0.71			(0.26	)		(0.05	)		(0.31	)		11.18		6.70			105,330		1.69			1.63			1.90
I		10.77		0.31		0.51			0.82			(0.37	)		(0.05	)		(0.42	)		11.17		7.78			11,177		0.68			0.62			2.92
R3		10.94		0.26		0.51			0.77			(0.31	)		(0.05	)		(0.36	)		11.35		7.14			9,944		1.27			1.19			2.35
R4		10.92		0.29		0.51			0.80			(0.34	)		(0.05	)		(0.39	)		11.33		7.47			21,940		0.95			0.89			2.65
R5		10.92		0.32		0.51			0.83			(0.37	)		(0.05	)		(0.42	)		11.33		7.79			1,018		0.66			0.59			2.94
Y		10.91		0.33		0.51			0.84			(0.38	)		(0.05	)		(0.43	)		11.32		7.91			952,621		0.55			0.49			3.04
For the Year Ended October 31, 2011 (D)
A	$	10.70	$	0.33	$	0.06		$	0.39		$	(0.33	)	$	–		$	(0.33	)	$	10.76		3.78	%	$	673,310		0.98	%		0.95	%		3.16	%
B		10.63		0.25		0.07			0.32			(0.26	)		–			(0.26	)		10.69		3.03			54,934		1.85			1.70			2.41
C		10.71		0.26		0.07			0.33			(0.26	)		–			(0.26	)		10.78		3.10			104,382		1.69			1.69			2.42
I		10.70		0.37		0.06			0.43			(0.36	)		–			(0.36	)		10.77		4.15			11,973		0.68			0.68			3.45
R3		10.87		0.31		0.06			0.37			(0.30	)		–			(0.30	)		10.94		3.49			11,922		1.26			1.25			2.85
R4		10.85		0.34		0.06			0.40			(0.33	)		–			(0.33	)		10.92		3.81			25,330		0.95			0.95			3.16
R5		10.85		0.37		0.07			0.44			(0.37	)		–			(0.37	)		10.92		4.12			990		0.66			0.65			3.46
Y		10.84		0.38		0.07			0.45			(0.38	)		–			(0.38	)		10.91		4.23			952,265		0.54			0.54			3.56

See Portfolio Turnover information on the next page.

51

The Hartford Total Return Bond Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (D)
A	$	10.21	$	0.35	$	0.51	$	0.86	$	(0.37	)	$	–	$	(0.37	)	$	10.70		8.57	%	$	835,450		0.99	%(E)		0.98	%(E)		3.38	%(E)
B		10.15		0.27		0.50		0.77		(0.29	)		–		(0.29	)		10.63		7.72			70,845		1.87	(E)		1.74	(E)		2.62	(E)
C		10.23		0.28		0.49		0.77		(0.29	)		–		(0.29	)		10.71		7.68			118,462		1.71	(E)		1.70	(E)		2.66	(E)
I		10.22		0.37		0.51		0.88		(0.40	)		–		(0.40	)		10.70		8.73			9,395		0.74	(E)		0.73	(E)		3.62	(E)
R3		10.36		0.33		0.52		0.85		(0.34	)		–		(0.34	)		10.87		8.36			8,571		1.29	(E)		1.24	(E)		3.12	(E)
R4		10.35		0.36		0.51		0.87		(0.37	)		–		(0.37	)		10.85		8.57			25,652		0.97	(E)		0.96	(E)		3.40	(E)
R5		10.35		0.39		0.51		0.90		(0.40	)		–		(0.40	)		10.85		8.87			655		0.69	(E)		0.67	(E)		3.69	(E)
Y		10.34		0.40		0.51		0.91		(0.41	)		–		(0.41	)		10.84		9.00			994,424		0.57	(E)		0.56	(E)		3.80	(E)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Net investment income (loss) per share amounts have been calculated using the SEC method.

(E) Ratios do not include expenses of the Underlying Funds.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		84	%
For the Year Ended October 31, 2013		106
For the Year Ended October 31, 2012		77
For the Year Ended October 31, 2011		131
For the Year Ended October 31, 2010		201

52

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Total Return Bond Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Total Return Bond Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

 

Minneapolis, Minnesota
December 18, 2014

53

The Hartford Total Return Bond Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

54

The Hartford Total Return Bond Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

55

The Hartford Total Return Bond Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

56

The Hartford Total Return Bond Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

57

The Hartford Total Return Bond Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,020.20	$	4.60	$	1,000.00	$	1,020.65	$	4.60		0.90	%		184		365
Class B	$	1,000.00	$	1,016.60	$	8.36	$	1,000.00	$	1,016.92	$	8.36		1.64			184		365
Class C	$	1,000.00	$	1,015.40	$	8.37	$	1,000.00	$	1,016.90	$	8.38		1.65			184		365
Class I	$	1,000.00	$	1,021.60	$	3.11	$	1,000.00	$	1,022.12	$	3.11		0.61			184		365
Class R3	$	1,000.00	$	1,017.30	$	6.11	$	1,000.00	$	1,019.15	$	6.11		1.20			184		365
Class R4	$	1,000.00	$	1,018.90	$	4.57	$	1,000.00	$	1,020.68	$	4.57		0.90			184		365
Class R5	$	1,000.00	$	1,021.40	$	3.05	$	1,000.00	$	1,022.19	$	3.05		0.60			184		365
Class Y	$	1,000.00	$	1,020.90	$	2.55	$	1,000.00	$	1,022.69	$	2.55		0.50			184		365

58

The Hartford Total Return Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Total Return Bond Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

59

The Hartford Total Return Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1- and 5-year periods and the 2^nd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

60

The Hartford Total Return Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 5^th quintile of its expense group, while its actual management fee was in the 4^th quintile. The Board noted that the Fund has an automatically renewable contractual expense cap and a permanent expense cap on each share class. These arrangements resulted in reimbursement of certain expenses incurred in 2013. The Board also noted that in response to a request from the Board, HFMC had agreed to waive 0.08% of its contractual management fee for the Fund and lower the Fund’s annual renewable expense cap for each share class by 0.08% from November 1, 2014 to October 31, 2015.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer

61

The Hartford Total Return Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

62

The Hartford Total Return Bond Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price) and call risk (the risk that an investment may be redeemed early). These risks also apply to the Fund’s investments in U.S. government securities, which may not be guaranteed by the U.S. government.

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool. The Fund may purchase mortgage-backed securities in the "to be announced" (TBA) market. This subjects the Fund to counterparty risk and the risk that the security the Fund buys will lose value prior to its delivery.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

63

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures. We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-TRB14 12/14 114011-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD UNCONSTRAINED BOND FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford Unconstrained Bond Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	23
Statement of Operations for the Year Ended October 31, 2014	25
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	26
Notes to Financial Statements	27
Financial Highlights	46
Report of Independent Registered Public Accounting Firm	48
Directors and Officers (Unaudited)	49
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	51
Quarterly Portfolio Holdings Information (Unaudited)	51
Federal Tax Information (Unaudited)	52
Expense Example (Unaudited)	53
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	54
Main Risks (Unaudited)	58

The views expressed in the Fund’s Manager Discussion under ‘‘Why did the Fund perform this way?’’ and ‘‘What is the outlook?’’ are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford Unconstrained Bond Fund inception 10/31/2002

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks to maximize long-term total return.

Performance Overview 10/31/04 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			5 Years			10 Years
Unconstrained Bond A#		3.16	%		4.85	%		3.99	%
Unconstrained Bond A##		-1.48	%		3.89	%		3.52	%
Unconstrained Bond B#		2.30	%		4.07	%		3.37	%*
Unconstrained Bond B##		-2.70	%		3.73	%		3.37	%*
Unconstrained Bond C#		2.29	%		4.09	%		3.22	%
Unconstrained Bond C##		1.29	%		4.09	%		3.22	%
Unconstrained Bond I#		3.32	%		4.98	%		4.06	%
Unconstrained Bond R3#		2.76	%		4.81	%		4.10	%
Unconstrained Bond R4#		3.07	%		5.01	%		4.20	%
Unconstrained Bond R5#		3.37	%		5.20	%		4.29	%
Unconstrained Bond Y#		3.48	%		5.19	%		4.28	%
Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index		0.05	%		0.09	%		1.58	%
Barclays U.S. Aggregate Bond Index		4.14	%		4.22	%		4.64	%

# Without sales charge

## With sales charge

* Class B shares convert to Class A shares after 8 years. The return shown reflects the conversion to Class A shares, which had different operating expenses, for the period after conversion.

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com. 

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class B shares reflect a contingent deferred sales charge of up to 5.00% and declining to zero, depending on the period of time the shares are held. Returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Effective 9/30/09, Class B shares of the Fund were closed to new investments. 

Class I shares commenced operations on 5/25/12. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges), which had different operating expenses. Class R3, R4 and R5 shares commenced operations on 9/30/11. Performance prior to that date is that of the Fund’s Class Y shares, which had different operating expenses.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company, using a different investment strategy and in pursuit of a different investment goal. As of April 23, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index is an unmanaged index that tracks the performance of U.S. dollar denominated U.S. Treasury bills publicly issued in the U.S. domestic markets with maturities of 90 days or less that assumes reinvestment of all income.

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index. 

You cannot invest directly in an index. 

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. 

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford Unconstrained Bond Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
Unconstrained Bond Class A		0.99	%		1.13	%
Unconstrained Bond Class B		1.74	%		2.01	%
Unconstrained Bond Class C		1.74	%		1.82	%
Unconstrained Bond Class I		0.74	%		0.76	%
Unconstrained Bond Class R3		1.29	%		1.44	%
Unconstrained Bond Class R4		0.99	%		1.11	%
Unconstrained Bond Class R5		0.69	%		0.82	%
Unconstrained Bond Class Y		0.69	%		0.71	%

* As shown in the Fund's current prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus. Net expenses are the Fund's total annual operating expenses shown in the Fund's most recent prospectus and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated. 

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus. 

Portfolio Managers
Campe Goodman, CFA	Lucius T. Hill III	Joseph F. Marvan, CFA
Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford Unconstrained Bond Fund returned 3.16%, before sales charge, for the twelve-month period ended October 31, 2014, underperforming the Fund’s benchmark, the Barclays U.S. Aggregate Bond Index, which returned 4.14% for the same period. The Fund outperformed the Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index, the Fund’s other benchmark, which returned 0.05% for the same period. The Fund outperformed the 2.49% average return of the Lipper Alternative Credit Focus Funds peer group, a group of funds that invest in a wide-range of credit-structured vehicles by using either fundamental credit research analysis or quantitative credit portfolio modeling trying to benefit from any changes in credit quality, credit spreads, and market liquidity.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter the risk of missing the country’s inflation and growth targets. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter Gross Domestic Product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

The Fund’s low strategic duration posture relative to the Barclays U.S. Aggregate Bond Index detracted from performance, as did an allocation to high yield bonds. During the period, the Fund was underweight investment grade credit in favor of allocations to lower tier credit sectors. Emerging market debt exposure, obtained via index total return swaps, also detracted from relative results. These factors were somewhat offset by allocations to bank loans and non-agency Residential Mortgage-Backed Securities and an overweight to Commercial Mortgage-Backed Securities which contributed to results during the period.

Within high yield, positive results from an allocation to BB-rated issuers were more than offset by the negative impact of high yield credit default swap index positions, which were used as a source of liquidity and to manage overall portfolio risk.

What is the outlook?

We are positive on U.S. economic growth over the next year based on supportive monetary policy and diminishing fiscal drag, along with companies’ improving confidence and willingness to invest.

3

The Hartford Unconstrained Bond Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Additionally, the deceleration in global growth and decline in energy prices could, in our view, give the Fed more latitude in prolonging the start of the rate hiking cycle. At the end of the period we maintained a moderately pro-cyclical risk posture, favoring credit in general.

We continue to favor bank loans based on positive corporate fundamentals, expectations for a continued benign default environment, and attractive valuations. We also hold European bank contingent convertibles (CoCos) where the market’s lack of familiarity and the regulatory environment create an investment opportunity. Within high yield, we remain focused on BB-rated issuers. We also continue to find value in the securitized sectors like non-agency Residential Mortgage-Backed Securities, and senior tranches of Commercial Mortgage-Backed Securities and collateralized loans obligations. At the end of the period, we also held a modest allocation to unhedged local currency emerging market debt.

At the end of the period, we have tactically positioned the portfolio with a low strategic duration posture.

Credit Exposure
as of October 31, 2014
Credit Rating *	Percentage of Net Assets
Aaa/ AAA		48.7	%
Aa/ AA		17.5
A		1.9
Baa/ BBB		6.6
Ba/ BB		15.6
B		15.5
Caa/ CCC or Lower		10.9
Not Rated		5.5
Non-Debt Securities and Other Short-Term Instruments		11.1
Other Assets and Liabilities		(33.3	)
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type
as of October 31, 2014
Category	Percentage of Net Assets
Equity Securities
Preferred Stocks		0.0	%
Total		0.0	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		28.0	%
Corporate Bonds		17.5
Foreign Government Obligations		3.7
Municipal Bonds		0.8
Senior Floating Rate Interests		17.6
U.S. Government Agencies		40.4
U.S. Government Securities		14.2
Total		122.2	%
Short-Term Investments		11.1
Purchased Options		0.0
Other Assets and Liabilities		(33.3	)
Total		100.0	%

4

The Hartford Unconstrained Bond Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 28.0%
		Finance and Insurance - 28.0%
		Adjustable Rate Mortgage Trust
$	89	0.42%, 11/25/2035 Δ	$	82
		American Home Mortgage Assets Trust
	91	0.28%, 03/25/2047 ‡Δ		74
	190	1.06%, 10/25/2046 ‡Δ		139
		Asset Backed Funding Certificates
	73	0.37%, 01/25/2037 ‡Δ		46
		Atlas Senior Loan Fund Ltd.
	395	1.78%, 10/15/2026 ■ΔΘ		395
		Banc of America Commercial Mortgage, Inc.
	536	5.44%, 11/10/2042 Δ		537
		Banc of America Funding Corp.
	153	0.35%, 10/20/2036 ‡Δ		109
	56	5.85%, 01/25/2037 ‡		45
		Banc of America Mortgage Securities
	117	2.69%, 09/25/2035 Δ		110
		BCAP LLC Trust
	179	0.32%, 01/25/2037 ‡Δ		135
	227	0.33%, 03/25/2037 ‡Δ		183
	152	0.36%, 05/25/2047 ‡Δ		113
		Bear Stearns Adjustable Rate Mortgage Trust
	58	2.37%, 02/25/2036 ‡Δ		57
		Bear Stearns Alt-A Trust
	426	0.47%, 08/25/2036 ‡Δ		322
	285	0.65%, 01/25/2036 ‡Δ		226
		Bear Stearns Commercial Mortgage Securities, Inc.
	100	5.29%, 10/12/2042 ‡Δ		100
	148	5.33%, 02/11/2044 ‡		159
	457	5.41%, 12/11/2040		471
	300	5.69%, 06/11/2050		328
	235	5.90%, 06/11/2040 ‡Δ		259
		Carlyle Global Market Strategies
	390	1.53%, 07/20/2023 ■‡Δ		389
		Cent CLO L.P.
	500	1.71%, 08/01/2024 ■Δ		498
		CFCRE Commercial Mortgage Trust
	195	3.83%, 12/15/2047 ‡		207
		Chase Mortgage Finance Corp.
	350	5.50%, 11/25/2035 ‡		346
		CHL Mortgage Pass-Through Trust
	21	0.49%, 03/25/2035 Δ		18
		CIFC Funding Ltd.
	205	1.38%, 08/14/2024 ■‡Δ		204
	395	1.73%, 05/24/2026 ■‡Δ		392
		Citigroup Commercial Mortgage Trust
	375	6.34%, 12/10/2049 ‡Δ		416
		Citigroup/Deutsche Bank Commercial Mortgage Trust
	125	5.32%, 12/11/2049 ‡		134
		Commercial Mortgage Loan Trust
	570	6.24%, 12/10/2049 ‡Δ		618
		Commercial Mortgage Pass-Through Certificates
	1,693	2.60%, 07/10/2046 ■►		74
	20	2.85%, 10/15/2045 ‡		20
	280	3.96%, 02/10/2047 - 03/10/2047 ‡		296
	210	4.02%, 07/10/2045		224
	135	5.95%, 06/10/2046 Δ		143
		Commercial Mortgage Trust
	595	4.50%, 03/10/2046 ■‡Δ		399
		Community or Commercial Mortgage Trust
	140	3.21%, 03/10/2046 ‡		141
	135	3.69%, 08/10/2047 ‡		139
	260	4.38%, 07/10/2045 Δ		283
		Countrywide Alternative Loan Trust
	169	0.47%, 11/25/2035 ‡Δ		136
	109	0.65%, 12/25/2035 ‡Δ		78
	418	5.75%, 05/25/2036		356
		Countrywide Home Loans, Inc.
	296	2.58%, 09/25/2047 Δ		264
	112	5.75%, 08/25/2037		107
		CS First Boston Mortgage Securities Corp.
	170	4.77%, 07/15/2037 ‡		172
	375	4.88%, 04/15/2037 ‡		378
		CW Capital Cobalt Ltd.
	235	5.22%, 08/15/2048		249
		Deutsche Alt-A Securities, Inc. Mortgage
	196	0.27%, 08/25/2036 ‡Δ		152
	100	0.30%, 03/25/2037 ‡Δ		69
		Downey S & L Assoc Mortgage Loan Trust
	146	1.04%, 03/19/2046 ‡Δ		113
		Equity One ABS, Inc.
	21	5.46%, 12/25/2033 ‡		14
		First Horizon Alternative Mortgage Securities
	465	2.21%, 04/25/2036 ╦Δ		389
	487	2.24%, 09/25/2035 ╦Δ		425
		First Horizon Mortgage Pass-Through Trust
	246	2.56%, 08/25/2037 Δ		203
		GE Capital Commercial Mortgage Corp.
	190	5.49%, 11/10/2045 ╦Δ		194
		GMAC Commercial Mortgage Securities, Inc.
	167	5.24%, 11/10/2045 Δ		172
		GMAC Mortgage Corp. Loan Trust
	125	2.93%, 09/19/2035 Δ		117
	31	2.95%, 04/19/2036 ╦Δ		28
		Gramercy Park CLO Ltd.
	340	1.53%, 07/17/2023 ■Δ		339
		Greenwich Capital Commercial Funding Corp.
	420	5.74%, 12/10/2049		460
	270	6.01%, 07/10/2038 ‡Δ		286
		GS Mortgage Securities Trust
	3,149	0.37%, 07/10/2046 ►		38
	632	1.86%, 08/10/2044 ■►		39
	100	3.67%, 04/10/2047 ■Δ		69
	245	3.68%, 04/12/2047 ‡Δ		256
	395	5.02%, 11/10/2045 ■‡Δ		387
	175	5.03%, 04/10/2047 ■Δ		165
		GSAA Home Equity Trust
	24	0.20%, 12/25/2046 ‡Δ		16
	485	0.23%, 02/25/2037 ‡Δ		264
	34	0.32%, 03/25/2047 ‡Δ		18
	184	0.39%, 11/25/2036 ‡Δ		108
	35	0.45%, 03/25/2036 Δ		24
	196	0.47%, 04/25/2047 ‡Δ		126
	403	5.98%, 06/25/2036 ‡		237
		GSAMP Trust
	176	0.24%, 01/25/2037 ‡Δ		105
		GSR Mortgage Loan Trust
	115	2.67%, 10/25/2035 Δ		102
	481	2.74%, 01/25/2036 Δ		445

The accompanying notes are an integral part of these financial statements.

5

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 28.0% - (continued)
		Finance and Insurance - 28.0% - (continued)
		GSR Mortgage Loan Trust - (continued)
$	404	2.78%, 04/25/2035 ‡Δ	$	392
		Harborview Mortgage Loan Trust
	234	0.35%, 01/19/2038 ‡Δ		197
	332	0.38%, 05/19/2047 ‡Δ		130
	990	0.40%, 12/19/2036 ‡Δ		700
	210	0.49%, 09/19/2035 ‡Δ		162
	14	0.51%, 01/19/2035 Δ		10
	405	2.74%, 01/19/2035 ‡Δ		390
		Hilton USA Trust
	100	2.91%, 11/05/2030 ■‡Δ		100
	315	3.91%, 11/05/2030 ■‡Δ		315
		Home Equity Loan Trust
	162	2.45%, 11/25/2035 ‡Δ		152
		IndyMac Index Mortgage Loan Trust
	5	0.39%, 07/25/2035 Δ		4
	127	0.43%, 07/25/2035 ‡Δ		108
	82	0.44%, 01/25/2036 ‡Δ		57
	471	0.55%, 07/25/2046 ‡Δ		231
		JP Morgan Chase Commercial Mortgage Securities Corp.
	466	1.65%, 02/12/2051 ‡Δ		467
	105	2.75%, 10/15/2045 ■		80
	200	2.83%, 10/15/2045		198
	111	4.57%, 12/15/2047 ■‡Δ		94
	100	4.82%, 10/15/2045 ■Δ		99
	300	5.40%, 12/15/2044 ‡Δ		308
	194	5.72%, 02/15/2051 ‡		212
	490	5.89%, 02/12/2049 ‡Δ		533
	195	6.06%, 04/15/2045 ‡Δ		206
		JP Morgan Mortgage Trust
	111	2.54%, 09/25/2035 Δ		106
	136	2.55%, 04/25/2037 ‡Δ		122
	466	2.71%, 05/25/2036 ‡Δ		422
		JPMBB Commercial Mortgage Securities Trust
	1,779	0.89%, 09/15/2047 ►		94
		LB-UBS Commercial Mortgage Trust
	263	5.43%, 02/15/2040		285
	367	5.86%, 07/15/2040 ‡		389
	139	5.87%, 09/15/2045		154
	60	6.32%, 04/15/2041 ‡Δ		67
		Lehman XS Trust
	122	0.36%, 07/25/2046 ‡Δ		96
		Long Beach Asset Holdings Corp.
	45	0.00%, 04/25/2046 ■●		—
		Luminent Mortgage Trust
	91	0.35%, 02/25/2046 ‡Δ		67
	40	0.39%, 04/25/2036 Δ		26
		Magnetite CLO Ltd.
	480	1.70%, 07/25/2026 ■Δ		476
		Merrill Lynch Mortgage Investors Trust
	106	2.52%, 07/25/2035 ‡Δ		88
	100	5.14%, 07/12/2038 ‡		103
		Merrill Lynch/Countrywide Commercial Mortgage Trust
	285	5.38%, 08/12/2048 ‡		305
	130	5.42%, 08/12/2048 ‡		137
		Morgan Stanley ABS Capital I
	274	0.30%, 06/25/2036 ‡Δ		210
		Morgan Stanley BAML Trust
	115	3.74%, 08/15/2047 ‡		119
	105	4.50%, 08/15/2045 ■‡		80
		Morgan Stanley Capital I
	237	4.99%, 08/13/2042		239
	88	5.38%, 11/14/2042 ‡Δ		90
	50	5.55%, 10/12/2052 ■‡Δ		51
	273	5.69%, 04/15/2049 ‡Δ		297
		Morgan Stanley Capital Investments
	154	5.81%, 12/12/2049		169
		Morgan Stanley Mortgage Loan Trust
	548	0.32%, 05/25/2036 - 11/25/2036 ‡Δ		259
	88	2.59%, 05/25/2036 Δ		64
		Morgan Stanley Re-Remic Trust
	311	5.99%, 08/12/2045 ■‡Δ		338
		Nationstar Home Equity Loan Trust
	22	0.00%, 03/25/2037 ■●†		—
		Neuberger Berman CLO XVII Ltd.
	400	1.70%, 08/04/2025 ■Δ		397
		RBSGC Mortage Pass Through Certificates
	135	6.25%, 01/25/2037		127
		Residential Accredit Loans, Inc.
	61	0.92%, 09/25/2046 ‡Δ		41
	553	1.41%, 11/25/2037 ‡Δ		352
		Residential Asset Securitization Trust
	90	0.60%, 03/25/2035 Δ		70
		Residential Funding Mortgage Securities, Inc.
	14	3.05%, 04/25/2037 ‡Δ		12
		Securitized Asset Backed Receivables LLC
	287	0.24%, 07/25/2036 ‡Δ		138
		Sequoia Mortgage Trust
	97	2.52%, 07/20/2037 Δ		79
		Soundview Home Equity Loan Trust, Inc.
	685	0.39%, 07/25/2036 ‡Δ		399
		SpringCastle America Funding LLC
	420	2.70%, 05/25/2023 ■		420
		Springleaf Mortgage Loan Trust
	240	3.52%, 12/25/2065 ■		245
		Structured Adjustable Rate Mortgage Loan Trust
	627	2.48%, 02/25/2036 Δ		501
		Structured Asset Mortgage Investments, Inc.
	393	0.38%, 02/25/2036 ‡Δ		320
		Symphony CLO XV Ltd.
	395	1.65%, 10/17/2026 ■☼Δ		392
		UBS-Barclays Commercial Mortgage Trust
	230	2.97%, 04/10/2046 ‡		228
	70	3.18%, 03/10/2046 ‡Δ		70
	65	4.23%, 03/10/2046 ■‡Δ		54
		VNO Mortgage Trust
	160	4.08%, 12/13/2029 ■Δ		161
		Wachovia Bank Commercial Mortgage Trust
	95	4.94%, 04/15/2042 ‡		96
	125	5.55%, 03/15/2042 ■‡Δ		125
		Wells Fargo Alternative Loan Trust
	56	2.60%, 12/28/2037 Δ		45
		Wells Fargo Commercial Mortgage Trust
	199	2.92%, 10/15/2045 ‡		198
		Wells Fargo Mortgage Backed Securities Trust
	237	2.61%, 04/25/2036 Δ		231

The accompanying notes are an integral part of these financial statements.

6

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 28.0% - (continued)
		Finance and Insurance - 28.0% - (continued)
		WF-RBS Commercial Mortgage Trust
$	4,733	2.17%, 11/15/2044 ■►	$	435
	140	2.92%, 08/15/2047 ‡		144
	25	4.90%, 06/15/2044 ■‡		28
	375	4.96%, 11/15/2045 ■‡Δ		329
	100	5.00%, 06/15/2044 - 04/15/2045 ■‡		84
	65	5.75%, 04/15/2045 ■‡Δ		69
				31,719
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $30,661)	$	31,719
Corporate Bonds - 17.5%
		Administrative, Support, Waste Management and Remediation Services - 0.2%
		ADT (The) Corp.
$	155	6.25%, 10/15/2021 ‡	$	163
		Clean Harbors, Inc.
	95	5.25%, 08/01/2020 ‡		97
				260
		Apparel Manufacturing - 0.1%
		Hanesbrands, Inc.
	90	6.38%, 12/15/2020 ‡		95
		Arts, Entertainment and Recreation - 0.3%
		CCO Holdings LLC
	100	5.25%, 09/30/2022 ‡		101
	10	5.75%, 09/01/2023 ‡		10
		Gannett Co., Inc.
	135	5.13%, 10/15/2019 - 07/15/2020 ╦		140
		NCR Corp.
	80	4.63%, 02/15/2021 ‡		79
	5	5.00%, 07/15/2022 ‡		5
				335
		Chemical Manufacturing - 0.2%
		Eagle Spinco, Inc.
	75	4.63%, 02/15/2021		73
		NOVA Chemicals Corp.
	100	5.00%, 05/01/2025 ■‡		103
				176
		Construction - 0.1%
		Lennar Corp.
	75	4.50%, 06/15/2019 ‡		76
		Ryland Group, Inc.
	42	5.38%, 10/01/2022		41
				117
		Electrical Equipment, Appliance Manufacturing - 0.0%
		Sensata Technologies B.V.
	5	5.63%, 11/01/2024 ■		5
		Finance and Insurance - 9.4%
		AXA S.A.
	295	6.46%, 12/14/2018 ■‡♠Δ		308
		Banco Bilbao Vizcaya Argentaria S.A.
EUR	600	7.00%, 12/29/2049 §		771
	400	9.00%, 05/09/2018 §♠		433
		Banco do Brasil
	245	6.25%, 04/15/2024 §♠		192
		Banco Santander S.A.
EUR	900	6.25%, 03/12/2049 ╦§		1,104
		Bank of Ireland
EUR	100	10.00%, 07/30/2016 §		135
		Barclays Bank plc
	200	7.75%, 04/10/2023		219
EUR	200	8.00%, 12/15/2049		260
	200	8.25%, 12/15/2018 ♠β		207
		CIT Group, Inc.
	80	5.25%, 03/15/2018 ‡		84
	104	5.50%, 02/15/2019 ■‡		111
		Citigroup, Inc.
	190	6.68%, 09/13/2043 ‡		242
		Credit Agricole S.A.
EUR	225	6.50%, 06/23/2049 §		287
	200	8.13%, 09/19/2033 ■		226
		Credit Suisse Group AG
EUR	200	5.75%, 09/18/2025 §		279
	100	7.88%, 02/24/2041 §		107
		Development Bank of Kazakhstan JSC
	200	4.13%, 12/10/2022 §		189
		HSBC Holdings plc
	375	5.63%, 01/17/2020 ‡♠		381
		JP Morgan Chase & Co.
	720	5.63%, 08/16/2043 ‡		822
		KBC Groep N.V.
EUR	125	5.63%, 03/19/2019 §♠		154
		Lloyds Banking Group plc
EUR	375	6.38%, 06/27/2049 §		485
GBP	200	7.00%, 12/29/2049 §		320
		Mapfre S.A.
EUR	300	5.92%, 07/24/2037		399
		Nationwide Building Society
GBP	350	6.88%, 03/11/2049 §		547
		Navient Corp.
	150	5.50%, 01/15/2019 ‡		155
	95	8.45%, 06/15/2018 ‡		109
		Royal Bank of Scotland Group plc
	80	6.13%, 12/15/2022 ‡		87
		SBA Tower Trust
	310	3.60%, 04/15/2043 ■‡		312
		Societe Generale
	200	6.00%, 01/27/2020 ■‡♠		188
EUR	275	6.75%, 04/07/2049 §		346
	475	8.25%, 11/29/2018 ╦§♠		502
		SoftBank Corp.
	200	4.50%, 04/15/2020 ■‡		202
		UniCredit S.p.A.
	200	8.00%, 06/03/2024 §♠		201
		Wtfrd on Piedmnt
	275	3.30%, 11/01/2026 ☼Δ		282
				10,646
		Food Manufacturing - 0.6%
		ESAL GmbH
	225	6.25%, 02/05/2023 §		230
		Grupo Bimbo S.A.B. de C.V.
	445	4.88%, 06/27/2044 ■		436
				666

The accompanying notes are an integral part of these financial statements.

7

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 17.5% - (continued)
		Health Care and Social Assistance - 0.4%
		Community Health Systems, Inc.
$	60	5.13%, 08/01/2021 ‡	$	63
		HCA, Inc.
	185	6.50%, 02/15/2020 ‡		206
		Tenet Healthcare Corp.
	145	6.00%, 10/01/2020 ‡		156
		Wellcare Health Plans, Inc.
	20	5.75%, 11/15/2020 ‡		21
				446
		Information - 2.1%
		Activision Blizzard, Inc.
	140	5.63%, 09/15/2021 ■‡		149
		Audatex North America, Inc.
	95	6.00%, 06/15/2021 ■‡		101
		DISH DBS Corp.
	121	5.88%, 07/15/2022 ‡		128
	70	6.75%, 06/01/2021 ‡		78
		MetroPCS Wireless, Inc.
	125	6.63%, 11/15/2020 ‡		132
		MTS International Funding Ltd.
	240	5.00%, 05/30/2023 ■‡		215
		Rogers Communications, Inc.
	475	8.75%, 05/01/2032 ‡		680
		Sprint Communications, Inc.
	147	7.00%, 03/01/2020 ■‡		164
	53	9.00%, 11/15/2018 ■‡		62
		Sprint Corp.
	75	7.13%, 06/15/2024 ■		77
		T-Mobile USA, Inc.
	125	6.46%, 04/28/2019 ‡		130
	100	6.84%, 04/28/2023 ‡		106
		Videotron Ltd.
	125	5.38%, 06/15/2024 ■		129
		VimpelCom Holdings B.V.
	285	5.95%, 02/13/2023 ■‡		262
				2,413
		Machinery Manufacturing - 0.1%
		Case New Holland Industrial, Inc.
	100	7.88%, 12/01/2017 ‡		112
		Mining - 0.6%
		ABJA Investment Co. Pte Ltd.
	420	5.95%, 07/31/2024 §		427
		FMG Resources Aug 2006
	90	6.88%, 04/01/2022 ■╦		93
		Peabody Energy Corp.
	15	6.00%, 11/15/2018		14
	90	6.50%, 09/15/2020 ‡		86
		Steel Dynamics, Inc.
	15	5.13%, 10/01/2021 ■		16
	20	5.50%, 10/01/2024 ■		21
				657
		Miscellaneous Manufacturing - 0.0%
		Triumph Group, Inc.
	50	5.25%, 06/01/2022		51
		Motor Vehicle and Parts Manufacturing - 0.1%
		General Motors Co.
	90	6.25%, 10/02/2043 ╦		107
		Nonmetallic Mineral Product Manufacturing - 0.2%
		Grupo Cementos Chihuahua
	260	8.13%, 02/08/2020 ■		284
		Other Services - 0.0%
		Cardtronics, Inc.
	50	5.13%, 08/01/2022 ■		50
		Paper Manufacturing - 0.1%
		Clearwater Paper Corp.
	50	5.38%, 02/01/2025 ■		51
		Graphic Packaging International
	70	4.88%, 11/15/2022 ☼		70
				121
		Petroleum and Coal Products Manufacturing - 0.9%
		California Resources Corp.
	10	5.00%, 01/15/2020 ■		10
	20	5.50%, 09/15/2021 ■		21
	15	6.00%, 11/15/2024 ■		15
		Concho Resources, Inc.
	25	6.50%, 01/15/2022		27
		Denbury Resources, Inc.
	95	5.50%, 05/01/2022 ‡		94
		EDC Finance Ltd.
	250	4.88%, 04/17/2020 ■		226
		Harvest Operations Corp.
	21	6.88%, 10/01/2017 ‡		21
		MEG Energy Corp.
	75	7.00%, 03/31/2024 ■		75
		Pertamina Persero PT
	250	5.63%, 05/20/2043 §		239
		Tesoro Corp.
	75	5.13%, 04/01/2024 ‡		75
		Tesoro Logistics L.P.
	45	5.50%, 10/15/2019 ■		46
	65	6.25%, 10/15/2022 ■		68
		WPX Energy, Inc.
	35	5.25%, 09/15/2024 ☼		34
	60	6.00%, 01/15/2022 ‡		63
				1,014
		Pipeline Transportation - 0.9%
		El Paso Corp.
	65	7.00%, 06/15/2017 ‡		72
	45	7.80%, 08/01/2031 ‡		56
		Energy Transfer Equity L.P.
	650	5.95%, 10/01/2043 ‡		718
	130	7.50%, 10/15/2020 ‡		150
		Kinder Morgan Finance Co.
	5	6.00%, 01/15/2018 ■‡		5
		Southern Star Central Corp.
	15	5.13%, 07/15/2022 ■‡		15
				1,016
		Primary Metal Manufacturing - 0.1%
		ArcelorMittal
	90	5.75%, 08/05/2020 ‡		96
		United States Steel Corp.
	35	7.38%, 04/01/2020		39
				135

The accompanying notes are an integral part of these financial statements.

8

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 17.5% - (continued)
		Real Estate, Rental and Leasing - 0.1%
		International Lease Finance Corp.
$	140	5.88%, 04/01/2019 ‡	$	151
		Retail Trade - 0.6%
		Arcelik AS
	230	5.00%, 04/03/2023 ■		217
		Building Materials Corp.
	45	5.38%, 11/15/2024 ■☼		45
	75	6.75%, 05/01/2021 ■‡		80
	15	7.50%, 03/15/2020 ■‡		16
		Group 1 Automotive, Inc.
	45	5.00%, 06/01/2022 ■		45
		Sotheby's
	100	5.25%, 10/01/2022 ■‡		98
		William Carter Co.
	170	5.25%, 08/15/2021 ‡		175
				676
		Transportation Equipment Manufacturing - 0.1%
		Huntington Ingalls Industries, Inc.
	65	7.13%, 03/15/2021 ‡		70
		Utilities - 0.3%
		AES (The) Corp.
	190	8.00%, 06/01/2020 ‡		221
		NRG Energy, Inc.
	75	6.25%, 07/15/2022		78
				299
		Total Corporate Bonds
		(Cost $19,953)	$	19,902
Foreign Government Obligations - 3.7%
		Angola - 0.2%
		Angola (Republic of)
$	250	7.00%, 08/16/2019 §	$	267
		Armenia - 0.2%
		Armenia (Republic of)
	200	6.00%, 09/30/2020 §		209
		Azerbaijan - 0.3%
		Azerbaijan (Republic of)
	350	4.75%, 03/13/2023 §		348
		Brazil - 0.5%
		Brazil (Republic of)
BRL	2,080	9.70%, 09/01/2020 ○		539
		Costa Rica - 0.2%
		Costa Rica (Republic of)
	250	5.63%, 04/30/2043 §		219
		Dominican Republic - 0.2%
		Dominican (Republic of)
DOP	10,000	11.50%, 05/10/2024 ■		233
		Indonesia - 0.3%
		Indonesia (Republic of)
IDR	4,000,000	8.38%, 03/15/2024 ╦		338
		Mexico - 0.3%
		Mexico (United Mexican States)
MXN	4,073	4.00%, 06/13/2019 ◄‡		334
		Nigeria - 0.4%
		Nigeria (Federal Republic of)
NGN	5,900	16.00%, 06/29/2019		40
		Nigeria (Republic of)
NGN	60,000	13.05%, 08/16/2016		367
				407
		Russia - 0.2%
		Russia (Federation of)
RUB	13,125	7.50%, 02/27/2019 ‡Δ		280
		South Africa - 0.4%
		South Africa (Republic of)
ZAR	5,000	7.75%, 02/28/2023		455
		Uruguay - 0.3%
		Uruguay (Republic of)
UYU	7,468	4.25%, 04/05/2027 ◄‡		331
		Venezuela - 0.2%
		Venezuela (Republic of)
	400	7.00%, 03/31/2038 §		230
		Total Foreign Government Obligations
		(Cost $4,332)	$	4,190
Municipal Bonds - 0.8%
		Higher Education (Univ., Dorms, etc.) - 0.2%
		University of California
$	190	4.60%, 05/15/2031 ‡	$	206
		Miscellaneous - 0.6%
		Puerto Rico Government Employees Retirement System
	330	6.15%, 07/01/2038 ‡		163
	350	6.20%, 07/01/2039 ‡		173
	530	6.30%, 07/01/2043 ‡		260
	120	6.55%, 07/01/2058 ‡		59
				655
		Total Municipal Bonds
		(Cost $917)	$	861
Senior Floating Rate Interests ♦ - 17.6%
		Administrative, Support, Waste Management and Remediation Services - 0.3%
		Acosta Holdco, Inc.
$	130	5.00%, 09/26/2021	$	130
		PRA Holdings, Inc.
	198	4.50%, 09/23/2020 ╦		196
				326
		Agriculture, Construction, Mining and Machinery - 0.2%
		Signode Industrial Group US, Inc.
	185	4.00%, 05/01/2021		181

The accompanying notes are an integral part of these financial statements.

9

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 17.6% - (continued)
		Air Transportation - 0.2%
		Delta Air Lines, Inc., Term Loan
$	217	3.25%, 04/20/2017 ╦	$	215
		Arts, Entertainment and Recreation - 2.1%
		24 Hour Fitness Worldwide, Inc.
	115	4.75%, 05/28/2021		114
		Aristocrat Leisure Ltd.
	135	4.75%, 10/20/2021		134
		Caesars Entertainment Operating Co., Inc.
	131	5.99%, 03/01/2017		116
	356	6.99%, 03/01/2017		319
		Caesars Growth Property Holdings LLC
	100	6.25%, 05/08/2021		94
		Formula One Holdings
	200	4.75%, 07/30/2021		198
	130	7.75%, 07/29/2022		130
		ION Media Networks, Inc.
	99	5.00%, 12/18/2020 ╦		99
		Numericable
	300	4.50%, 05/21/2020		300
		Salem Communications Corp.
	199	4.50%, 03/13/2020 ╦		196
		Scientific Games International, Inc.
	135	6.00%, 10/01/2021		132
		Templar Energy
	100	8.50%, 11/25/2020		90
		Tribune Co.
	200	4.00%, 12/27/2020 ☼		198
		Univision Communications, Inc.
	300	4.00%, 03/01/2020 ╦		297
				2,417
		Chemical Manufacturing - 0.8%
		Arysta LifeScience Corp.
	123	4.50%, 05/29/2020 ╦		123
		Cytec Industries, Inc.
	39	4.50%, 10/03/2019		39
		Ineos US Finance LLC
	214	3.75%, 05/04/2018 ╦		211
		Minerals Technologies, Inc.
	142	4.00%, 05/07/2021		141
		Monarch, Inc.
	75	4.50%, 10/03/2019		74
		Pinnacle Operating Corp.
	172	4.75%, 11/15/2018 ╦		170
		PQ Corp.
	201	4.00%, 08/07/2017		199
				957
		Computer and Electronic Product Manufacturing - 1.1%
		Avago Technologies Ltd.
	200	3.75%, 05/06/2021		199
		CDW LLC
	342	3.25%, 04/29/2020 ╦		334
		Ceridian LLC
	118	4.12%, 05/09/2017		118
	123	4.50%, 05/09/2017		122
		Freescale Semiconductor, Inc.
	493	4.25%, 02/28/2020 ╦		485
				1,258
		Finance and Insurance - 1.5%
		Asurion LLC
	241	5.00%, 05/24/2019 ╦		242
	205	8.50%, 03/03/2021 ╦		208
		Cooper Gay Swett & Crawford Ltd.
	99	5.00%, 04/16/2020		89
		Evertec LLC
	109	3.50%, 04/17/2020 ╦		107
		Interactive Data Corp.
	115	4.75%, 05/02/2021		115
		ION Trading Technologies Ltd.
	150	7.25%, 06/10/2022		147
		National Financial Partners Corp.
	99	4.50%, 07/01/2020		98
		Sedgwick CMS Holdings, Inc.
	423	3.75%, 03/01/2021 ╦		410
	140	6.75%, 02/28/2022 ╦		136
		Walter Investment Management Corp.
	159	4.75%, 12/18/2020		149
				1,701
		Food Manufacturing - 0.6%
		Burger King Co.
	100	4.50%, 10/27/2021		100
		H.J. Heinz Co.
	418	3.50%, 06/05/2020 ╦		415
		U.S. Foodservice, Inc.
	222	4.50%, 03/31/2019 ╦		221
				736
		Health Care and Social Assistance - 1.1%
		Alkermes, Inc.
	98	3.50%, 09/25/2019 ╦		96
		American Renal Holdings, Inc.
	105	8.50%, 03/20/2020 ╦		103
		Catalent Pharma Solutions, Inc.
	122	4.50%, 05/20/2021		122
		Community Health Systems, Inc.
	149	4.25%, 01/27/2021 ╦		149
		DaVita HealthCare Partners, Inc.
	120	3.50%, 06/24/2021		118
		Ortho-Clinical Diagnostics, Inc.
	140	4.75%, 06/30/2021		138
		Salix Pharmaceuticals Ltd.
	135	4.25%, 01/02/2020 ╦		135
		Truven Health Analytics, Inc.
	98	4.50%, 06/06/2019 ╦		96
		US Renal Care, Inc.
	196	4.25%, 07/03/2019 ╦		195
	135	10.25%, 01/03/2020 ╦		135
				1,287
		Health Care Providers and Services - 0.1%
		Medpace Holdings, Inc.
	129	4.75%, 04/01/2021		128
		Information - 2.9%
		Cabovisao-Televisao Por Cabo S.A.
	159	5.50%, 07/02/2019		160
		Charter Communications Operating LLC
	100	4.25%, 09/10/2021		101
		Eagle Parent, Inc.
	236	4.00%, 05/16/2018 ╦		234

The accompanying notes are an integral part of these financial statements.

10

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 17.6% - (continued)
		Information - 2.9% - (continued)
		First Data Corp.
$	750	3.65%, 03/23/2018	$	742
		Intelsat Jackson Holdings S.A.
	191	3.75%, 06/30/2019 ╦		190
		Kronos, Inc.
	447	4.50%, 10/30/2019 ╦		444
	130	9.75%, 04/30/2020 ╦		133
		La Quinta Intermediate Holdings
	102	4.00%, 04/14/2021 ╦		101
		Lawson Software, Inc.
	197	3.75%, 06/03/2020 ╦		194
		Level 3 Communications, Inc.
	320	4.00%, 08/01/2019 ╦		318
		MISYS plc
	289	5.00%, 12/12/2018 ╦		289
		Novell, Inc.
	270	7.25%, 11/22/2017 ╦		270
		West Corp.
	116	3.25%, 06/30/2018 ╦		114
				3,290
		Media - 0.1%
		Entravision Communications Corp.
	96	3.50%, 05/31/2020 ╦		94
		Mining - 0.8%
		American Rock Salt Holdings LLC
	219	4.75%, 05/20/2021		217
		Arch Coal, Inc.
	279	6.25%, 05/16/2018		246
		BWAY Holding Co.
	135	5.50%, 08/14/2020		135
		Fortescue Metals Group Ltd.
	299	3.75%, 06/30/2019 ╦		291
				889
		Miscellaneous Manufacturing - 0.6%
		DigitalGlobe, Inc.
	320	3.75%, 01/31/2020 ╦		318
		Reynolds Group Holdings, Inc.
	324	4.00%, 11/30/2018 ╦		322
				640
		Motor Vehicle and Parts Manufacturing - 0.3%
		Navistar, Inc.
	81	5.75%, 08/17/2017		81
		SRAM LLC
	290	4.01%, 04/10/2020 ╦		284
				365
		Other Services - 0.3%
		Alliance Laundry Systems LLC
	97	4.25%, 12/10/2018 ╦		96
		Rexnord LLC
	193	4.00%, 08/21/2020 ╦		190
				286
		Petroleum and Coal Products Manufacturing - 0.4%
		Chief Exploration & Development
	100	7.50%, 05/16/2021		96
		Samson Investment Co.
	100	5.00%, 09/25/2018		92
		Seadrill Ltd.
	229	4.00%, 02/21/2021 ╦		216
		Shelf Drilling International Holdings Ltd.
	100	10.00%, 10/08/2018 ╦		98
				502
		Pipeline Transportation - 0.6%
		EMG Utica LLC
	130	4.75%, 03/27/2020 ╦		129
		EP Energy LLC
	143	4.50%, 04/30/2019 ╦		141
		NGPL Pipeco LLC
	286	6.75%, 09/15/2017 ╦		285
		Philadelphia Energy Solutions LLC
	99	6.25%, 04/04/2018		93
				648
		Plastics and Rubber Products Manufacturing - 0.5%
		Consolidated Container Co.
	279	5.00%, 07/03/2019 ╦		276
		Goodyear (The) Tire & Rubber Co.
	250	4.75%, 04/30/2019 ╦		250
				526
		Primary Metal Manufacturing - 0.3%
		Novelis, Inc.
	157	3.75%, 03/10/2017 ╦		155
		WireCo WorldGroup, Inc.
	141	6.00%, 02/15/2017 ╦		141
				296
		Professional, Scientific and Technical Services - 0.8%
		Advantage Sales & Marketing, Inc.
	100	4.25%, 07/23/2021		99
		AlixPartners LLP
	196	4.00%, 07/10/2020 ╦		193
	105	9.00%, 07/10/2021 ╦		106
		Getty Images, Inc.
	128	4.75%, 10/18/2019 ╦		120
		MoneyGram International, Inc.
	214	4.25%, 03/27/2020 ╦		207
		Paradigm Ltd.
	219	4.75%, 07/30/2019 ╦		214
				939
		Real Estate, Rental and Leasing - 0.3%
		Fly Leasing Ltd.
	239	4.50%, 08/09/2019 ╦		239
		Realogy Corp., Extended Credit Linked Deposit
	4	4.41%, 10/10/2016		4
		Realogy Group LLC
	137	3.75%, 03/05/2020 ╦		136
				379
		Retail Trade - 1.0%
		Albertson's LLC
	180	4.50%, 08/25/2021		180
		Amscan Holdings, Inc.
	191	4.00%, 07/27/2019 ╦		187
		FleetPride, Inc.
	157	5.25%, 11/19/2019 ╦		154
		Metaldyne Performance Group, Inc.
	100	4.50%, 10/20/2021 ☼		100
		Michaels Stores, Inc.
	113	3.75%, 01/28/2020 ╦		111
		Neiman Marcus (The) Group, Inc.
	154	4.25%, 10/25/2020 ╦		152

The accompanying notes are an integral part of these financial statements.

11

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Senior Floating Rate Interests ♦ - 17.6% - (continued)
		Retail Trade - 1.0% - (continued)
		Weight Watchers International, Inc.
$	328	4.00%, 04/02/2020 ╦	$	250
				1,134
		Truck Transportation - 0.2%
		Nexeo Solutions LLC
	206	5.00%, 09/09/2017 ╦		203
		Utilities - 0.3%
		Calpine Corp.
	104	4.00%, 10/09/2019 ╦		103
		PowerTeam Services LLC
	92	4.25%, 05/06/2020		90
		Texas Competitive Electric Holdings Co. LLC
	85	3.75%, 05/05/2016		85
	100	4.65%, 10/10/2017 Ψ		73
				351
		Wholesale Trade - 0.2%
		Gates Global LLC
	190	4.25%, 07/05/2021		188
		Total Senior Floating Rate Interests
		(Cost $20,181)	$	19,936
U.S. Government Agencies - 40.4%
		FHLMC - 10.5%
$	3,693	3.00%, 08/01/2029 - 11/15/2044 ╦☼,Ð	$	3,725
	994	3.50%, 11/15/2029 - 08/01/2034 ╦☼,Ð		1,043
	1,981	4.00%, 08/01/2042 - 11/15/2044 ☼,Ð		2,103
	2,800	4.50%, 11/15/2044 ☼,Ð		3,033
	100	5.00%, 11/15/2044 ☼,Ð		110
	1,672	5.50%, 12/01/2037 - 01/01/2039 ╦		1,867
				11,881
		FNMA - 21.6%
	578	2.14%, 11/01/2022 ╦		565
	429	2.15%, 10/01/2022 ╦		419
	197	2.20%, 12/01/2022 ╦		193
	116	2.28%, 11/01/2022 ╦		114
	10	2.29%, 10/01/2022 ╦		9
	102	2.34%, 11/01/2022 ╦		100
	91	2.40%, 10/01/2022 ╦		90
	77	2.42%, 11/01/2022 ╦		76
	5	2.44%, 01/01/2023 ╦		5
	82	2.47%, 11/01/2022 ╦		82
	750	2.50%, 11/15/2029 ☼,Ð		761
	5	2.66%, 09/01/2022 ╦		5
	55	2.76%, 05/01/2021 ╦		56
	10	2.78%, 04/01/2022 ╦		10
	10	2.98%, 01/01/2022 ╦		10
	5,885	3.00%, 11/15/2029 - 11/15/2044 ☼,Ð		5,989
	5	3.20%, 04/01/2022 ╦		5
	50	3.21%, 05/01/2023 ╦		52
	50	3.26%, 05/01/2024 ╦		51
	25	3.34%, 04/01/2024 ╦		26
	10	3.45%, 01/01/2024 ╦		11
	10	3.47%, 01/01/2024 ╦		10
	5,400	3.50%, 11/15/2044 - 12/15/2044 ☼,Ð		5,579
	25	3.67%, 08/01/2023 ╦		26
	5	3.70%, 10/01/2023 ╦		5
	10	3.76%, 03/01/2024 ╦		11
	20	3.86%, 11/01/2023 - 12/01/2025 ╦		22
	25	3.87%, 10/01/2025 ╦		27
	35	3.89%, 05/01/2030 ╦		37
	35	3.93%, 10/01/2023 ╦		38
	10	3.96%, 05/01/2034 ╦		11
	10	3.97%, 05/01/2029 ╦		11
	3,472	4.00%, 11/15/2029 - 11/15/2044 ☼,Ð		3,686
	148	4.02%, 11/01/2028 ╦		159
	20	4.06%, 10/01/2028 ╦		21
	3,700	4.50%, 11/15/2044 ☼,Ð		4,010
	600	5.00%, 11/15/2044 ☼,Ð		664
	1,000	5.50%, 11/15/2044 ☼,Ð		1,117
	336	5.50%, 06/25/2042 ►		58
	311	6.00%, 09/01/2039 ╦		352
				24,473
		GNMA - 8.3%
	1,100	3.00%, 11/15/2044 ☼,Ð		1,121
	2,100	3.50%, 11/15/2044 ☼,Ð		2,193
	2,300	4.00%, 11/15/2044 ☼,Ð		2,459
	1,153	4.50%, 09/20/2041 - 11/15/2044 ╦☼,Ð		1,261
	1,100	5.00%, 06/15/2041 - 12/15/2044 ╦☼,Ð		1,218
	1,030	6.00%, 08/15/2032 - 11/15/2044 ╦☼,Ð		1,173
				9,425
		Total U.S. Government Agencies
		(Cost $45,725)	$	45,779
U.S. Government Securities - 14.2%
U.S. Treasury Securities - 14.2%
		U.S. Treasury Bonds - 0.7%
$	60	1.38%, 02/15/2044 ◄‡	$	67
	103	2.88%, 05/15/2043 ‡		99
	70	3.13%, 02/15/2042 ‡		71
	89	3.50%, 02/15/2039 ‡		97
	50	4.25%, 11/15/2040 ‡		62
	53	5.38%, 02/15/2031 ‡		72
	300	7.25%, 05/15/2016 ‡		332
				800
		U.S. Treasury Notes - 13.5%
	1,245	0.13%, 04/15/2019 - 07/15/2024 ◄‡		1,264
	135	0.38%, 07/15/2023 ◄‡		138
	350	0.50%, 09/30/2016 ‡		350
	240	0.63%, 04/30/2018 ‡		235
	310	0.63%, 07/15/2021 - 01/15/2024 ◄‡		324
	250	0.75%, 03/31/2018 ‡		247
	375	0.88%, 07/31/2019 ‡		363
	2,975	1.00%, 09/15/2017 - 05/31/2018 ‡Є		2,954
	200	1.13%, 01/15/2021 ◄‡		230
	175	1.25%, 07/15/2020 ◄‡		204
	215	1.38%, 02/28/2019 ‡		214
	125	1.38%, 01/15/2020 ◄‡		147
	140	2.00%, 02/15/2022 ‡		139
	260	2.13%, 01/15/2019 ◄‡		315
	150	2.38%, 08/15/2024 ‡		151
	5,080	2.50%, 04/30/2015 - 05/15/2024 ‡Є		5,140
	325	2.75%, 02/15/2019 ‡		342

The accompanying notes are an integral part of these financial statements.

12

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
U.S. Government Securities - 14.2% - (continued)
U.S. Treasury Securities - 14.2% - (continued)
U.S. Treasury Notes - 13.5% - (continued)
$	2,065	3.25%, 03/31/2017 □Є			$	2,190
	325	4.63%, 11/15/2016 ‡				352
						15,299
						16,099
		Total U.S. Government Securities
		(Cost $16,109)			$	16,099
Preferred Stocks - 0.0%
		Diversified Financials - 0.0%
	—	Citigroup Capital XIII			$	1
	2	GMAC Capital Trust I β				57
						58
		Total Preferred Stocks
		(Cost $55)			$	58
		Total Long-Term Investments Excluding Purchased Options
		(Cost $137,933)			$	138,544
Short-Term Investments - 11.1%
Repurchase Agreements - 11.1%
		Bank of America Merrill Lynch  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $36, collateralized by U.S. Treasury Note 1.50%, 2019, value of $37)
$	36	0.08%, 10/31/2014 ╦			$	36
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $613, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $625)
	613	0.09%, 10/31/2014 ╦				613
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $165, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $168)
	165	0.08%, 10/31/2014 ╦				165
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $558, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $570)
	558	0.10%, 10/31/2014 ╦				558
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,104, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $2,146)
	2,104	0.08%, 10/31/2014 ╦				2,104
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,419, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $2,467)
	2,419	0.09%, 10/31/2014 ╦				2,419
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $140, collateralized by U.S. Treasury Note 0.88%, 2017, value of $142)
	140	0.13%, 10/31/2014 ╦				140
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $206, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $210)
	205	0.07%, 10/31/2014				205
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $2,165, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $2,208)
	2,165	0.08%, 10/31/2014				2,165
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $4,196, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $4,280)
	4,196	0.10%, 10/31/2014				4,196
						12,601
		Total Short-Term Investments
		(Cost $12,601)			$	12,601
		Total Investments Excluding Purchased Options
		(Cost $150,534)	133.3	%	$	151,145
		Total Purchased Options
		(Cost $90)	—	%		38
		Total Investments
		(Cost $150,624) ▲	133.3	%	$	151,183
		Other Assets and Liabilities	(33.3	)%		(37,786	)
		Total Net Assets	100.0	%	$	113,397

The accompanying notes are an integral part of these financial statements.

13

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note: Percentage of investments as shown is the ratio of the total market value to total net assets. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $150,636 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	2,315
Unrealized Depreciation		(1,768	)
Net Unrealized Appreciation	$	547

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

† These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2014, the aggregate fair value and percentage of net assets of these securities rounds to zero.

● Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.

Ψ The issuer is in bankruptcy. However, the investment held by the Fund is current with respect to interest payments.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

○ The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.

► Securities disclosed are interest-only strips.

◄ The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

♦ Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown.  Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $12,502, which represents 11.0% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $8,221, which represents 7.2% of total net assets.

β Convertible security.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

Ð Represents or includes a TBA transaction.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $35,595 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

Є This security, or a portion of this security, has been pledged as collateral in connection with centrally cleared swap contracts.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

The accompanying notes are an integral part of these financial statements.

14

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

□ This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

Cash and securities pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged ‡		Received *
OTC option and/or OTC swap contracts	$	–	$	1,160
Total	$	–	$	1,160

‡ As previously noted, certain securities, or a portion of these securities, are pledged as collateral in connection with certain derivative instruments. These securities are held by the Fund but are not represented in the table above.

* Securities valued at $265, held on behalf of the Fund at the custodian bank, were designated by broker(s) as collateral in connection with OTC option and/or OTC swap contracts Since the broker retains legal title to the securities, the securities are not considered an asset of the Fund.

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate		Expiration Date	Number of Contracts *			Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased Option contracts:
Calls
BRL Call/USD Put	JPM	FX		2.43 BRL per USD	09/28/15		BRL	70,000	$	–	$	–	$	–
INR Call/USD Put	BOA	FX		62.55 INR per USD	01/16/15		INR	30,000,000		8		8		–
MXN Call/USD Put	JPM	FX		13.61 MXN per USD	01/15/15		MXN	6,055,844		8		9		(1	)
RUB Call/USD Put	GSC	FX		36.97 RUB per USD	09/02/15		RUB	11,000,000		1		5		(4	)
TRY Call/USD Put	JPM	FX		2.31 USD per TRY	01/19/15		TRY	1,000,000		14		10		4
Total Calls								48,125,844	$	31	$	32	$	(1	)
Total purchased option contracts								48,125,844	$	31	$	32	$	(1	)
Written option contracts:
Calls
GBP Call/USD Put	DEUT	FX		1.62 USD per GBP	12/08/14		GBP	305,000	$	1	$	7	$	6
Puts
GBP Put/USD Call	DEUT	FX		1.62 USD per GBP	12/08/14		GBP	305,000	$	7	$	8	$	1
Total written option contracts								610,000	$	8	$	15	$	7

* The number of contracts does not omit 000's.

Δ For purchased options, premiums are paid by the Fund, for written options, premiums are received.

The accompanying notes are an integral part of these financial statements.

15

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Swaption Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate			Expiration Date	Number of Contracts *			Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased swaption contracts:
Puts
Interest Rate Swaption USD	JPM	IR		3.50	%	04/29/15		USD	3,340,000	$	7	$	58	$	(51	)
Written swaption contracts:
Calls
Credit Default Swaption ITRAXX.XOV.22	JPM	CR		3.75	%	11/19/14		EUR	6,220,000	$	104	$	105	$	1
Interest Rate Swaption USD	BNP	IR		3.44	%	10/23/24		USD	350,000		43		44		1
Total Calls									6,570,000	$	147	$	149	$	2
Puts
Credit Default Swaption ITRAXX.XOV.22	JPM	CR		3.75	%	11/19/14		EUR	6,220,000	$	48	$	75	$	27
Interest Rate Swaption USD	BNP	IR		3.44	%	10/23/24		USD	350,000		42		44		2
Total Puts									6,570,000	$	90	$	119	$	29
Total written swaption contracts									13,140,000	$	237	$	268	$	31

* The number of contracts does not omit 000's.

Δ For purchased swaptions, premiums are paid by the Fund, for written swaptions, premiums are received.

Futures Contracts Outstanding at October 31, 2014

	Number of	Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*	Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Short position contracts:
90-Day Eurodollar Future	45	12/14/2015	$	11,162	$	11,156	$	6	$	–		$	7	$	(2	)
U.S. Treasury 10-Year Note Future	144	12/19/2014		18,249		18,196		53		–			21		(6	)
U.S. Treasury 2-Year Note Future	2	12/31/2014		438		439		–		(1	)		–		–
U.S. Treasury 5-Year Note Future	108	12/31/2014		12,896		12,899		–		(3	)		–		(4	)
U.S. Treasury CME Ultra Long Term Bond Future	19	12/19/2014		2,981		2,979		2		–			10		–
U.S. Treasury Long Bond Future	23	12/19/2014		3,234		3,245		–		(11	)		11		–
Total							$	61	$	(15	)	$	49	$	(12	)

* The number of contracts does not omit 000's.

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied			Expiration	Upfront Premiums		Upfront Premiums		Market		Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)			Date	Paid		Received		Value ╪		Asset		Liability
Credit default swaps on indices:
Buy protection:
ABX.HE.AA.06-1	JPM	USD	214		(0.32	)%	07/25/45	$	56	$	–	$	45	$	–	$	(11	)
ABX.HE.AAA.06-1	BCLY	USD	10		(0.18	)%	07/25/45		1		–		–		–		(1	)
ABX.HE.AAA.06-1	BOA	USD	17		(0.18	)%	07/25/45		–		–		–		–		–
ABX.HE.AAA.06-1	GSC	USD	30		(0.18	)%	07/25/45		3		–		1		–		(2	)
ABX.HE.AAA.06-1	JPM	USD	58		(0.18	)%	07/25/45		1		–		1		–		–
ABX.HE.AAA.06-1	JPM	USD	10		(0.18	)%	07/25/45		–		–		–		–		–
ABX.HE.AAA.06-1	MSC	USD	10		(0.18	)%	07/25/45		–		–		–		–		–
ABX.HE.AAA.06-1	MSC	USD	40		(0.18	)%	07/25/45		2		–		1		–		(1	)
ABX.HE.AAA.06-2	BOA	USD	562		(0.11	)%	05/25/46		117		–		112		–		(5	)
ABX.HE.AAA.06-2	CSI	USD	59		(0.11	)%	05/25/46		14		–		12		–		(2	)
ABX.HE.AAA.07	MSC	USD	101		(0.09	)%	08/25/37		26		–		26		–		–
ABX.HE.AAA.07-1	CSI	USD	299		(0.09	)%	08/25/37		87		–		78		–		(9	)
ABX.HE.AAA.07-1	GSC	USD	118		(0.09	)%	08/25/37		30		–		31		1		–
ABX.HE.AAA.07-1	MSC	USD	484		(0.09	)%	08/25/37		120		–		126		6		–
ABX.HE.PENAAA.06-2	BCLY	USD	34		(0.11	)%	05/25/46		10		–		5		–		(5	)

The accompanying notes are an integral part of these financial statements.

16

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014 - (continued)

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied			Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)			Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices: - (continued)
Buy protection: - (continued)
ABX.HE.PENAAA.06-2	GSC	USD	188		(0.11	)%	05/25/46	$	47	$	–		$	26		$	–	$	(21	)
ABX.HE.PENAAA.06-2	JPM	USD	60		(0.11	)%	05/25/46		9		–			9			–		–
ABX.HE.PENAAA.06-2	JPM	USD	255		(0.11	)%	05/25/46		63		–			36			–		(27	)
ABX.HE.PENAAA.06-2	MSC	USD	204		(0.11	)%	05/25/46		45		–			29			–		(16	)
ABX.HE.PENAAA.07-1	BCLY	USD	283		(0.09	)%	08/25/37		124		–			65			–		(59	)
CDX.EM.21	GSC	USD	1,157		(5.00	)%	06/20/19		–		(106	)		(119	)		–		(13	)
CMBX.NA.A.7	JPM	USD	205		(2.00	)%	01/17/47		–		(4	)		–			4		–
CMBX.NA.AA.1	JPM	USD	245		(0.25	)%	10/12/52		49		–			36			–		(13	)
CMBX.NA.AA.2	BOA	USD	406		(0.15	)%	03/15/49		153		–			131			–		(22	)
CMBX.NA.AA.2	CSI	USD	229		(0.15	)%	03/15/49		71		–			74			3		–
CMBX.NA.AA.2	JPM	USD	277		(0.15	)%	03/15/49		104		–			90			–		(14	)
CMBX.NA.AA.2	MSC	USD	129		(0.15	)%	03/15/49		52		–			42			–		(10	)
CMBX.NA.AA.7	CSI	USD	520		(1.50	)%	01/17/47		1		–			1			–		–
CMBX.NA.AA.7	CSI	USD	255		(1.50	)%	01/17/47		–		(2	)		1			3		–
CMBX.NA.AA.7	MSC	USD	225		(1.50	)%	01/17/47		–		(3	)		–			3		–
CMBX.NA.AJ.1	JPM	USD	155		(0.84	)%	10/12/52		11		–			4			–		(7	)
CMBX.NA.AJ.1	MSC	USD	140		(0.84	)%	10/12/52		10		–			4			–		(6	)
CMBX.NA.AJ.2	DEUT	USD	308		(1.09	)%	03/15/49		28		–			26			–		(2	)
CMBX.NA.AJ.2	GSC	USD	99		(1.09	)%	03/15/49		8		–			9			1		–
CMBX.NA.AJ.4	CSI	USD	70		(0.96	)%	02/17/51		14		–			14			–		–
CMBX.NA.AJ.4	CSI	USD	468		(0.96	)%	02/17/51		87		–			91			4		–
CMBX.NA.AJ.4	DEUT	USD	199		(0.96	)%	02/17/51		39		–			39			–		–
CMBX.NA.AJ.4	GSC	USD	458		(0.96	)%	02/17/51		80		–			89			9		–
CMBX.NA.AJ.4	MSC	USD	453		(0.96	)%	02/17/51		137		–			88			–		(49	)
CMBX.NA.AJ.4	MSC	USD	164		(0.96	)%	02/17/51		29		–			32			3		–
CMBX.NA.AM.2	CSI	USD	425		(0.50	)%	03/15/49		26		–			5			–		(21	)
CMBX.NA.AM.2	DEUT	USD	170		(0.50	)%	03/15/49		10		–			2			–		(8	)
CMBX.NA.AM.2	JPM	USD	35		(0.50	)%	03/15/49		1		–			–			–		(1	)
CMBX.NA.AM.2	MSC	USD	575		(0.50	)%	03/15/49		28		–			7			–		(21	)
CMBX.NA.AM.4	BOA	USD	125		(0.50	)%	02/17/51		15		–			5			–		(10	)
CMBX.NA.AM.4	CSI	USD	25		(0.50	)%	02/17/51		3		–			1			–		(2	)
CMBX.NA.AM.4	GSC	USD	225		(0.50	)%	02/17/51		34		–			10			–		(24	)
CMBX.NA.AM.4	JPM	USD	20		(0.50	)%	02/17/51		2		–			1			–		(1	)
CMBX.NA.AM.4	MSC	USD	140		(0.50	)%	02/17/51		17		–			6			–		(11	)
CMBX.NA.AS.6	CSI	USD	455		(1.00	)%	05/11/63		6		–			4			–		(2	)
CMBX.NA.AS.7	CSI	USD	240		(1.00	)%	01/17/47		6		–			4			–		(2	)
CMBX.NA.AS.7	GSC	USD	195		(1.00	)%	01/17/47		5		–			3			–		(2	)
Total								$	1,781	$	(115	)	$	1,303		$	37	$	(400	)
Sell protection:
CMBX.NA.A.2	BOA	USD	118		0.25	%	03/15/49	$	–	$	(68	)	$	(76	)	$	–	$	(8	)
CMBX.NA.AAA.6	BOA	USD	510		0.50	%	05/11/63		–		(14	)		(10	)		4		–
CMBX.NA.AAA.6	CSI	USD	1,665		0.50	%	05/11/63		–		(40	)		(33	)		7		–
CMBX.NA.AAA.6	DEUT	USD	965		0.50	%	05/11/63		–		(24	)		(19	)		5		–
CMBX.NA.AAA.6	DEUT	USD	305		0.50	%	05/11/63		–		(5	)		(6	)		–		(1	)
CMBX.NA.AAA.6	GSC	USD	2,075		0.50	%	05/11/63		–		(42	)		(41	)		1		–
CMBX.NA.AAA.6	JPM	USD	975		0.50	%	05/11/63		–		(32	)		(19	)		13		–
CMBX.NA.AAA.6	MSC	USD	165		0.50	%	05/11/63		–		(4	)		(3	)		1		–
CMBX.NA.AAA.6	UBS	USD	4,710		0.50	%	05/11/63		–		(184	)		(92	)		92		–
CMBX.NA.AAA.7	BOA	USD	290		0.50	%	01/17/47		–		(7	)		(8	)		–		(1	)
CMBX.NA.AAA.7	CSI	USD	295		0.50	%	01/17/47		–		(8	)		(8	)		–		–
CMBX.NA.BB.6	BCLY	USD	104		5.00	%	05/11/63		1		–			–			–		(1	)
CMBX.NA.BB.6	BOA	USD	380		5.00	%	05/11/63		–		(4	)		(1	)		3		–
CMBX.NA.BB.6	CSI	USD	65		5.00	%	05/11/63		–		–			–			–		–
CMBX.NA.BB.6	CSI	USD	580		5.00	%	05/11/63		6		–			(1	)		–		(7	)
CMBX.NA.BB.6	CSI	USD	330		5.00	%	05/11/63		–		(2	)		(1	)		1		–
CMBX.NA.BB.6	MSC	USD	655		5.00	%	05/11/63		–		(42	)		(1	)		41		–

The accompanying notes are an integral part of these financial statements.

17

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014 - (continued)

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied		Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)		Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices: - (continued)
Sell protection: - (continued)
CMBX.NA.BB.7	BCLY	USD	30		5.00%	01/17/47	$	–	$	(1	)	$	(1	)	$	–	$	–
CMBX.NA.BB.7	BOA	USD	355		5.00%	01/17/47		–		(12	)		(8	)		4		–
CMBX.NA.BB.7	CSI	USD	75		5.00%	01/17/47		1		–			(2	)		–		(3	)
CMBX.NA.BB.7	CSI	USD	460		5.00%	01/17/47		–		(20	)		(11	)		9		–
CMBX.NA.BB.7	DEUT	USD	250		5.00%	01/17/47		–		(6	)		(6	)		–		–
CMBX.NA.BB.7	MSC	USD	80		5.00%	01/17/47		–		(1	)		(2	)		–		(1	)
CMBX.NA.BBB-.7	CSI	USD	145		3.00%	01/17/47		–		(3	)		(3	)		–		–
CMBX.NA.BBB-.7	CSI	USD	109		3.00%	01/17/47		–		(6	)		(2	)		4		–
CMBX.NA.BBB-.7	UBS	USD	135		3.00%	01/17/47		–		(8	)		(3	)		5		–
PrimeX.ARM.2	MSC	USD	355		4.58%	12/25/37		–		(28	)		11			39		–
PrimeX.ARM.2	MSC	USD	44		4.58%	12/25/37		1		–			1			–		–
PrimeX.FRM.1	JPM	USD	50		4.42%	07/25/36		5		–			5			–		–
Total							$	14	$	(561	)	$	(340	)	$	229	$	(22	)
Total traded indices							$	1,795	$	(676	)	$	963		$	266	$	(422	)
Credit default swaps on single-name issues:
Sell protection:
Bank of America Corp.	CSI	USD	945		1.00% / 0.43%	12/20/17	$	–	$	(20	)	$	17		$	37	$	–
Bank of America Corp.	GSC	USD	2,200		1.00% / 0.41%	09/20/17		–		(153	)		37			190		–
Citigroup, Inc.	GSC	USD	2,350		1.00% / 0.41%	09/20/17		–		(153	)		40			193		–
Citigroup, Inc.	GSC	USD	785		1.00% / 0.43%	12/20/17		–		(14	)		14			28		–
Goldman Sachs Group, Inc.	CSI	USD	495		1.00% / 0.51%	12/20/17		–		(15	)		8			23		–
Goldman Sachs Group, Inc.	UBS	USD	1,100		1.00% / 0.49%	09/20/17		–		(81	)		16			97		–
Morgan Stanley	BCLY	USD	1,100		1.00% / 0.48%	09/20/17		–		(123	)		17			140		–
Morgan Stanley	GSC	USD	520		1.00% / 0.50%	12/20/17		–		(27	)		8			35		–
Total							$	–	$	(586	)	$	157		$	743	$	–
							$	1,795	$	(1,262	)	$	1,120		$	1,009	$	(422	)

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

	Clearing	Notional		(Pay)/ Receive Fixed			Expiration				Market			Unrealized Appreciation/ (Depreciation)					Variation Margin
Reference Entity	House (a)	Amount (b)		Rate			Date	Cost Basis			Value ╪			Asset		Liability			Asset		Liability
Credit default swaps on indices:
Buy protection:
CDX.NA.HY.22	CME	USD	4,643		(5.00	)%	06/20/19	$	(311	)	$	(348	)	$	–	$	(37	)	$	–	$	(16	)
CDX.NA.HY.23	CME	USD	4,675		(5.00	)%	12/20/19		(215	)		(327	)		–		(112	)		–		(18	)
CDX.NA.IG.23	CME	USD	4,430		(1.00	)%	12/20/19		(68	)		(78	)		–		(10	)		–		(4	)
ITRAXX.EUR.22	ICE	EUR	3,505		(1.00	)%	12/20/19		(69	)		(77	)		–		(8	)		–		(6	)
ITRAXX.XOV.22	ICE	EUR	2,803		(5.00	)%	12/20/19		(220	)		(226	)		–		(6	)		2		(16	)
Total								$	(883	)	$	(1,056	)	$	–	$	(173	)	$	2	$	(60	)

(a) The FCM to the contracts is GSC.

(b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

The accompanying notes are an integral part of these financial statements.

18

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Total Return Swap Contracts Outstanding at October 31, 2014

Notional

Payments received

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Reference Entity

Counterparty

Amount

(paid) by Fund

Date

Paid

Received

Value ╪

Asset

Liability

JPM CORP EMBI †

JPM

USD

3,425

3M LIBOR - 1.00%

12/24/14

$

–

$

–

$

(11

)

$

–

$

(11

)

† These securities were valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Company's Board of Directors. At October 31, 2014, the aggregate market value of these securities was $(11), which rounds to zero percent of total net assets.

TBA Sale Commitments Outstanding at October 31, 2014

Description	Principal Amount		Maturity Date	Market Value ╪		Unrealized Appreciation/ Depreciation
FHLMC, 3.00%	$	1,300	11/15/2044	$	1,301	$	(7	)
FHLMC, 3.50%		600	11/15/2044		619		(5	)
FHLMC, 5.50%		1,600	12/15/2044		1,783		(4	)
FNMA, 3.00%		1,800	11/15/2029		1,867		(4	)
FNMA, 3.50%		1,800	11/15/2029		1,902		3
GNMA, 3.50%		1,300	11/15/2044		1,360		6
GNMA, 4.50%		900	11/15/2044		982		(4	)
Total				$	9,814	$	(15	)

At October 31, 2014, the aggregate market value of these securities represents 8.7% of total net assets.

Foreign Currency Contracts Outstanding at October 31, 2014

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

AUD

Buy

11/28/2014

BCLY

$

343

$

344

$

1

$

–

AUD

Buy

11/28/2014

BOA

263

263

–

–

AUD

Buy

11/28/2014

CBA

262

262

–

–

AUD

Sell

11/28/2014

GSC

346

344

2

–

CAD

Buy

11/28/2014

RBC

679

675

–

(4

)

CHF

Buy

11/28/2014

JPM

421

419

–

(2

)

CHF

Sell

11/28/2014

HSBC

858

851

7

–

EUR

Buy

12/17/2014

HSBC

212

212

–

–

EUR

Buy

12/17/2014

TDS

362

356

–

(6

)

EUR

Buy

11/28/2014

UBS

419

417

–

(2

)

EUR

Sell

12/17/2014

BCLY

213

211

2

–

EUR

Sell

09/18/2015

CBK

175

170

5

–

EUR

Sell

12/17/2014

DEUT

858

831

27

–

EUR

Sell

11/04/2014

HSBC

212

212

–

–

EUR

Sell

11/28/2014

JPM

4,585

4,537

48

–

GBP

Buy

11/28/2014

CBK

487

486

–

(1

)

GBP

Sell

11/28/2014

CBK

871

870

1

–

JPY

Buy

12/17/2014

JPM

209

198

–

(11

)

JPY

Sell

12/17/2014

GSC

203

198

5

–

JPY

Sell

11/28/2014

RBS

512

492

20

–

RSD

Buy

09/18/2015

CBK

161

158

–

(3

)

Total

$

118

$

(29

)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

The accompanying notes are an integral part of these financial statements.

19

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BNP	BNP Paribas Securities Services
BOA	Banc of America Securities LLC
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
CME	Chicago Mercantile Exchange
CSI	Credit Suisse International
DEUT	Deutsche Bank Securities, Inc.
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
ICE	Intercontinental Exchange
JPM	JP Morgan Chase & Co.
MSC	Morgan Stanley
RBC	RBC Dominion Securities, Inc.
RBS	RBS Greenwich Capital
TDS	TD Securities, Inc.
UBS	UBS AG
Currency Abbreviations:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
DOP	Dominican Peso
EUR	EURO
GBP	British Pound
IDR	Indonesian New Rupiah
INR	Indian Rupee
JPY	Japanese Yen
MXN	Mexican New Peso
NGN	Nigerian Naira
RSD	Serbian Dinar
RUB	Russian New Ruble
TRY	Turkish New Lira
USD	U.S. Dollar
UYU	Uruguayan Peso
ZAR	South African Rand
Index Abbreviations:
ABX.HE	Markit Asset Backed Security Home Equity
ABX.HE.PEN	Markit Asset Backed Security Home Equity Penultimate
CDX.EM	Credit Derivatives Emerging Markets
CDX.NA.HY	Credit Derivatives North American High Yield
CDX.NA.IG	Credit Derivatives North American Investment Grade
CMBX.NA	Markit Commercial Mortgage Backed North American
EMBI	Emerging Markets Bond Index
ITRAXX.EUR	Markit iTraxx - Europe
ITRAXX.XOV	Markit iTraxx Index - Europe Crossover
PrimeX.ARM	Markit PrimeX Adjustable Rate Mortgage Backed Security
PrimeX.FRM	Markit PrimeX Fixed Rate Mortgage Backed Security
Other Abbreviations:
CLO	Collateralized Loan Obligation
CR	Credit
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
IR	Interest Rate
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
TBA	To Be Announced

The accompanying notes are an integral part of these financial statements.

20

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	31,719	$	–	$	26,768	$	4,951
Corporate Bonds		19,902		–		19,620		282
Foreign Government Obligations		4,190		–		4,190		–
Municipal Bonds		861		–		861		–
Preferred Stocks		58		58		–		–
Senior Floating Rate Interests		19,936		–		19,936		–
U.S. Government Agencies		45,779		–		45,779		–
U.S. Government Securities		16,099		850		15,249		–
Short-Term Investments		12,601		–		12,601		–
Purchased Options		38		–		38		–
Total	$	151,183	$	908	$	145,042	$	5,233
Foreign Currency Contracts *	$	118	$	–	$	118	$	–
Futures *		61		61		–		–
Swaps - Credit Default *		1,009		–		1,009		–
Total	$	1,188	$	61	$	1,127	$	–
Liabilities:
TBA Sale Commitments	$	9,814	$	–	$	9,814	$	–
Written Options		245		–		245		–
Total	$	10,059	$	–	$	10,059	$	–
Foreign Currency Contracts *	$	29	$	–	$	29	$	–
Futures *		15		15		–		–
Swaps - Credit Default *		595		–		595		–
Swaps - Total Return *		11		–		–		11
Total	$	650	$	15	$	624	$	11

♦ For the year ended October 31, 2014, investments valued at $639 were transferred from Level 1 to Level 2, and there were no transfers from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.

21

The Hartford Unconstrained Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	5,477	$	279	$	176	†	$	243	$	1,266	$	(2,644	)	$	230	$	(76	)	$	4,951
Corporate Bonds		—		—		— ‡			—		282		—			—		—			282
U.S. Government Agencies		153		—		—			—		—		—			—		(153	)		—
Total	$	5,630	$	279	$	176		$	243	$	1,548	$	(2,644	)	$	230	$	(229	)	$	5,233
Liabilities:
Swaps§	$	—	$	—	$	11	**	$	—	$	—	$	—		$	—	$	—		$	11
Total	$	—	$	—	$	11		$	—	$	—	$	—		$	—	$	—		$	11

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $206.

‡ Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was zero.

§ Derivative instruments not reflected in the Schedule of Investments are valued at the unrealized appreciation/ depreciation on the investment.

** Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $(11).

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

22

The Hartford Unconstrained Bond Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $150,624)	$	151,183
Cash		430
Foreign currency on deposit with custodian (cost $—)		—
Unrealized appreciation on foreign currency contracts		118
Unrealized appreciation on OTC swap contracts		1,009
Receivables:
Investment securities sold		27,536
Fund shares sold		38
Dividends and interest		637
Variation margin on financial derivative instruments		51
OTC swap premiums paid		1,795
Other assets		75
Total assets		182,872
Liabilities:
Unrealized depreciation on foreign currency contracts		29
Unrealized depreciation on OTC swap contracts		433
TBA sale commitments, at market value (proceeds $9,799)		9,814
Payables:
Investment securities purchased		56,493
Fund shares redeemed		149
Investment management fees		12
Dividends		8
Administrative fees		—
Distribution fees		7
Collateral received from broker		895
Variation margin on financial derivative instruments		72
Accrued expenses		40
OTC swap premiums received		1,262
Written option contracts (proceeds $283)		245
Other liabilities		16
Total liabilities		69,475
Net assets	$	113,397
Summary of Net Assets:
Capital stock and paid-in-capital	$	130,423
Undistributed net investment income		114
Accumulated net realized loss		(18,257	)
Unrealized appreciation of investments and the translation of assets and liabilities denominated in foreign currency		1,117
Net assets	$	113,397

The accompanying notes are an integral part of these financial statements.

23

The Hartford Unconstrained Bond Fund

Statement of Assets and Liabilities  – (continued)

October 31, 2014

(000’s Omitted)

Shares authorized		500,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$10.07/$10.54
Shares outstanding		6,973
Net assets	$	70,192
Class B: Net asset value per share	$	10.06
Shares outstanding		196
Net assets	$	1,974
Class C: Net asset value per share	$	10.09
Shares outstanding		1,573
Net assets	$	15,869
Class I: Net asset value per share	$	10.07
Shares outstanding		527
Net assets	$	5,311
Class R3: Net asset value per share	$	10.05
Shares outstanding		19
Net assets	$	193
Class R4: Net asset value per share	$	10.05
Shares outstanding		16
Net assets	$	161
Class R5: Net asset value per share	$	10.05
Shares outstanding		11
Net assets	$	113
Class Y: Net asset value per share	$	10.04
Shares outstanding		1,951
Net assets	$	19,584

The accompanying notes are an integral part of these financial statements.

24

The Hartford Unconstrained Bond Fund

Statement of Operations

For the Year Ended October 31, 2014  

(000’s Omitted)

Investment Income:
Dividends	$	5
Interest		4,572
Less: Foreign tax withheld		(2	)
Total investment income		4,575
Expenses:
Investment management fees		653
Administrative services fees
Class R3		1
Class R4		—
Class R5		—
Transfer agent fees
Class A		146
Class B		9
Class C		22
Class I		1
Class R3		—
Class R4		—
Class R5		—
Class Y		—
Distribution fees
Class A		193
Class B		25
Class C		168
Class R3		1
Class R4		—
Custodian fees		24
Accounting services fees		30
Registration and filing fees		110
Board of Directors' fees		4
Audit fees		12
Other expenses		35
Total expenses (before waivers and fees paid indirectly)		1,434
Expense waivers		(172	)
Transfer agent fee waivers		(1	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(173	)
Total expenses, net		1,261
Net Investment Income		3,314
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		3,535
Less: Foreign taxes paid on realized capital gains		(3	)
Net realized gain on purchased option contracts		26
Net realized loss on TBA sale transactions		(678	)
Net realized loss on futures contracts		(1,732	)
Net realized gain on written option contracts		4
Net realized loss on swap contracts		(1,371	)
Net realized gain on foreign currency contracts		488
Net realized loss on other foreign currency transactions		(15	)
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		254
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(320	)
Net unrealized depreciation of purchased option contracts		(66	)
Net unrealized appreciation of TBA sale commitments		75
Net unrealized appreciation of futures contracts		106
Net unrealized appreciation of written option contracts		38
Net unrealized appreciation of swap contracts		271
Net unrealized depreciation of foreign currency contracts		(90	)
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(2	)
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		12
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		266
Net Increase in Net Assets Resulting from Operations	$	3,580

The accompanying notes are an integral part of these financial statements.

25

The Hartford Unconstrained Bond Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	3,314		$	3,398
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		254			(5,343	)
Net unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		12			(773	)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,580			(2,718	)
Distributions to Shareholders:
From net investment income
Class A		(2,021	)		(2,916	)
Class B		(51	)		(89	)
Class C		(329	)		(527	)
Class I		(66	)		(53	)
Class R3		(4	)		(4	)
Class R4		(4	)		(3	)
Class R5		(4	)		(4	)
Class Y		(545	)		(344	)
Total from net investment income		(3,024	)		(3,940	)
From tax return of capital
Class A		(333	)		—
Class B		(8	)		—
Class C		(54	)		—
Class I		(11	)		—
Class R3		(1	)		—
Class R4		(1	)		—
Class R5		(1	)		—
Class Y		(90	)		—
Total from tax return of capital		(499	)		—
Total distributions		(3,523	)		(3,940	)
Capital Share Transactions:
Class A		(14,935	)		(30,691	)
Class B		(1,264	)		(1,772	)
Class C		(2,858	)		(9,856	)
Class I		3,731			554
Class R3		15			46
Class R4		31			26
Class R5		(35	)		45
Class Y		1,596			18,437
Net decrease from capital share transactions		(13,719	)		(23,211	)
Net Decrease in Net Assets		(13,662	)		(29,869	)
Net Assets:
Beginning of period		127,059			156,928
End of period	$	113,397		$	127,059
Undistributed (distributions in excess of) net investment income	$	114		$	589

The accompanying notes are an integral part of these financial statements.

26

The Hartford Unconstrained Bond Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford Unconstrained Bond Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class B shares were sold with a contingent deferred sales charge which is assessed on the lesser of the per share net asset value (“NAV”) of the shares at the time of redemption or the original purchase price, and declines from up to 5.00% to zero depending on the period of time the shares are held (see note below regarding the closing of Class B shares). Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance, and that Class B shares automatically convert to Class A shares after 8 years.

No new or additional investments are allowed in Class B shares of the Fund (including investments through any systematic investment plan). Existing shareholders of Class B shares may continue to hold their Class B shares, exchange their Class B shares for Class B shares of another Hartford Fund (as permitted by existing exchange privileges), or redeem their Class B shares as described in the Fund’s prospectus. Reinstatement privileges with respect to Class B shares are set forth in the Fund's prospectus. For investors electing to reinvest capital gains and dividends, any such capital gains or dividends on Class B shares will continue to be reinvested in Class B shares of the Fund. All Class B share attributes, including the 12b-1 fee, contingent deferred sales charge schedule, and conversion to Class A shares, remain unchanged. 

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. 

Determination of Net Asset Value – The NAV of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. 

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and

27

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of OTC options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund. 

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date. 

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent

28

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. For more information on specific valuation techniques and unobservable inputs, please see the following table titled “Quantitative Information about Level 3 Fair Value Measurements.”

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund’s Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company’s Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

29

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Quantitative Information about Level 3 Fair Value Measurements:
Security Type/Valuation Technique	Unobservable Input *	Input Value(s) Range (Weighted Average) ‡	Fair Value at October 31, 2014
Assets:
Asset and Commercial Mortgage Backed Securities
Discounted cash flow	Internal rate of return	3.08% - 6.87% (4.53%)		4,483
	Life expectancy (in months)	24 - 296 (148)
Independent pricing service	Prior day valuation	$67.09 - $68.63 ($67.31)		468
Indicative market quotations	Broker quote †	$0.000001		–
Corporate Bonds
Cost	Recent trade price	$102.45		282
	Date	10/14/2014
Total			$	5,233
Liabilities:
Swap Contracts: ▲
Independent pricing service	Prior day valuation	($0.31)		11
Total			$	11

* Significant changes to any unobservable inputs may result in a significant change to the fair value.

‡ Unless otherwise noted, inputs were weighted based on the fair value of the investments included in the range.

† The broker quote represents the best available estimate of fair value per share as of October 31, 2014.

▲ Derivative instruments are valued at the unrealized appreciation/depreciation on the investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into. 

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable. 

Taxes – The Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which the Fund invests. The amount of foreign tax expense is included on the accompanying Statement of Operations as a reduction to net realized gain on investments in these securities.  

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

30

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. 

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared daily and paid monthly. Dividends from realized gains, if any, are paid at least once a year.  

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014. 

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary

31

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund, as shown on the Schedule of Investments, had open TBA commitments as of October 31, 2014, which may be a part of dollar roll transactions.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created

32

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund, as shown on the Schedule of Investments, had inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014. 

33

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:
Call Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		7,575,039			308
Expired		—			—
Closed		(700,039	)		(152	)
Exercised		—			—
End of period		6,875,000		$	156
Put Options Written During the Year		Number of Contracts*			Premium Amounts
Beginning of the period		—		$	—
Written		7,575,039			276
Expired		—			—
Closed		(700,039	)		(149	)
Exercised		—			—
End of period		6,875,000		$	127
* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

34

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads

35

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the  Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund had no outstanding interest rate swap contracts as of October 31, 2014.

Spreadlock Swap Contracts – The Fund may invest in spreadlock swap contracts. These contracts involve commitments to pay or receive a settlement amount calculated as the spread difference between two interest rate curves and a fixed spread at a specific forward date determined at the beginning of the contract. Settlement amounts paid or received are recorded as a realized gain or loss on the Statement of Operations at the determination date.  The Fund had no outstanding spreadlock swap contracts as of October 31, 2014.

Total Return Swap Contracts – The Fund may invest in total return swap contracts. An investment in a total return swap allows the Fund to gain or mitigate exposure to underlying referenced securities, indices or commodities. Total return swap contracts involve commitments where cash flows are exchanged based on the price of underlying securities, indices or commodities and based on a fixed or variable rate. One party would receive payments based on the price appreciation or depreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying to or receiving from the counterparty seller an agreed-upon rate, which can be fixed or variable. A variable rate may be correlated to a base rate, such as the LIBOR, and is adjusted each reset period, which are defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.

Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment from or make a payment to the counterparty. The Fund, as shown on the Schedule of Investments, had outstanding total return swap contracts as of October 31, 2014.

36

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	7	$	31	$	—	$	—	$	—	$	—	$	38
Unrealized appreciation on foreign currency contracts		—		118		—		—		—		—		118
Unrealized appreciation on OTC swap contracts		—		—		1,009		—		—		—		1,009
Variation margin receivable *		49		—		2		—		—		—		51
Total	$	56	$	149	$	1,011	$	—	$	—	$	—	$	1,216
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	29	$	—	$	—	$	—	$	—	$	29
Unrealized depreciation on OTC swap contracts		—		—		422		11		—		—		433
Variation margin payable *		12		—		60		—		—		—		72
Written option contracts, market value		85		8		152		—		—		—		245
Total	$	97	$	37	$	634	$	11	$	—	$	—	$	779

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative appreciation of $46 and open centrally cleared swaps net cumulative depreciation of $(173) as reported in the Schedule of Investments.

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts			Equity Contracts			Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain on purchased option contracts	$	26		$	—		$	—		$	—		$	—	$	—	$	26
Net realized loss on futures contracts		(1,732	)		—			—			—			—		—		(1,732	)
Net realized gain on written option contracts		4			—			—			—			—		—		4
Net realized loss on swap contracts		(464	)		—			(726	)		(181	)		—		—		(1,371	)
Net realized gain on foreign currency contracts		—			488			—			—			—		—		488
Total	$	(2,166	)	$	488		$	(726	)	$	(181	)	$	—	$	—	$	(2,585	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized depreciation of purchased option contracts	$	(65	)	$	(1	)	$	—		$	—		$	—	$	—	$	(66	)
Net change in unrealized appreciation of futures contracts		106			—			—			—			—		—		106
Net change in unrealized appreciation of written option contracts		3			7			28			—			—		—		38
Net change in unrealized appreciation (depreciation) of swap contracts		157			—			125			(11	)		—		—		271
Net change in unrealized depreciation of foreign currency contracts		—			(90	)		—			—			—		—		(90	)
Total	$	201		$	(84	)	$	153		$	(11	)	$	—	$	—	$	259

37

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received			Cash Collateral Received			Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	1,634	$	(568	)	$	(249	)†	$	(542	)†	$	275
Futures contracts - variation margin receivable		49		(12	)		—			—			37
Swap contracts - variation margin receivable		2		(2	)		—			—			—
Unrealized appreciation on foreign currency contracts		118		(17	)		—			—			101
Total subject to a master netting or similar arrangement	$	1,803	$	(599	)	$	(249	)	$	(542	)	$	413

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

† An additional $16 of non-cash collateral and $353 of cash collateral was received by the Fund related to derivative assets.

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged			Cash Collateral Pledged		Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	732	$	(568	)	$	—		$	—	$	164
Futures contracts - variation margin payable		12		(12	)		(975	)		—		—
Swaps contracts - variation margin payable		60		(2	)		(667	)		—		—
Unrealized depreciation on foreign currency contracts		29		(17	)		—			—		12
Total subject to a master netting or similar arrangement	$	833	$	(599	)	$	(1,642	)	$	—	$	176

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest

38

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	3,029	$	3,946
Tax Return of Capital		499		—

39

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Accumulated Capital and Other Losses*	$	(18,102	)
Unrealized Appreciation†		914
Total Accumulated Deficit	$	(17,188	)

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	(765	)
Accumulated Net Realized Gain (Loss)		767
Capital Stock and Paid-in-Capital		(2	)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows: 

	Amount
Short-Term Capital Loss Carryforward	$	3,646
Long-Term Capital Loss Carryforward		2,283
Total	$	5,929
During the year ended October 31, 2014, the Fund utilized $1,767 of prior year short term capital loss carryforwards.

Capital loss carryforwards with expiration:

Year of Expiration	Amount
2017	$	12,173
Total	$	12,173

40

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $500 million	0.550%
On next $500 million	0.500%
On next $1.5 billion	0.475%
On next $2.5 billion	0.465%
On next $5 billion	0.455%
Over $10 billion	0.445%

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.025%
On next $5 billion	0.020%
Over $10 billion	0.015%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. As of October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class B	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.99%	1.74%	1.74%	0.74%	1.29%	0.99%	0.69%	0.69%

41

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Fees Paid Indirectly – The Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		0.99	%
Class B		1.74
Class C		1.74
Class I		0.73
Class R3		1.29
Class R4		0.99
Class R5		0.69
Class Y		0.69

Distribution and Service Plan for Class A, B, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $35 and contingent deferred sales charges of $7 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, B, C, R3 and R4 shares and for providing services for shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class B Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class B shares that are outstanding for 8 years or less, 0.25% of which is a fee for services provided to existing shareholders with the remainder used for distribution expenses. Some or the entire Rule 12b-1 fee for Class B shares may be remitted to broker/dealers for distribution and/or shareholder account services. After eight years, Class B shares convert to Class A shares. Upon conversion to Class A shares, the Class A plan described above will apply to those shares. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine. 

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, rounds to zero. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

42

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R3		57	%		—	%*
Class R4		70			—	*
Class R5		100			—	*

* Percentage rounds to zero.

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	1,238,772	$	25,812	$	1,264,584
Sales Proceeds		1,269,041		33,309		1,302,350

43

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		599		225		(2,302	)		(1,478	)		1,254		270		(4,526	)		(3,002	)
Amount	$	6,054	$	2,275	$	(23,264	)	$	(14,935	)	$	13,025	$	2,782	$	(46,498	)	$	(30,691	)
Class B
Shares		5		5		(135	)		(125	)		16		8		(197	)		(173	)
Amount	$	48	$	54	$	(1,366	)	$	(1,264	)	$	166	$	80	$	(2,018	)	$	(1,772	)
Class C
Shares		231		35		(548	)		(282	)		565		46		(1,579	)		(968	)
Amount	$	2,340	$	354	$	(5,552	)	$	(2,858	)	$	5,903	$	477	$	(16,236	)	$	(9,856	)
Class I
Shares		465		7		(104	)		368			243		4		(196	)		51
Amount	$	4,712	$	72	$	(1,053	)	$	3,731		$	2,533	$	46	$	(2,025	)	$	554
Class R3
Shares		2		—		(1	)		1			6		—		(1	)		5
Amount	$	17	$	4	$	(6	)	$	15		$	49	$	3	$	(6	)	$	46
Class R4
Shares		3		—		—			3			4		—		(2	)		2
Amount	$	29	$	4	$	(2	)	$	31		$	39	$	3	$	(16	)	$	26
Class R5
Shares		—		—		(4	)		(4	)		5		—		(1	)		4
Amount	$	—	$	5	$	(40	)	$	(35	)	$	48	$	4	$	(7	)	$	45
Class Y
Shares		666		63		(571	)		158			2,063		34		(315	)		1,782
Amount	$	6,711	$	635	$	(5,750	)	$	1,596		$	21,305	$	344	$	(3,212	)	$	18,437
Total
Shares		1,971		335		(3,665	)		(1,359	)		4,156		362		(6,817	)		(2,299	)
Amount	$	19,911	$	3,403	$	(37,033	)	$	(13,719	)	$	43,068	$	3,739	$	(70,018	)	$	(23,211	)

The following reflects the conversion of Class B shares into Class A shares (reflected as Class A shares sold) for the year ended October 31, 2014, and the year ended October 31, 2013:

	Shares		Dollars
For the Year Ended October 31, 2014		18	$	180
For the Year Ended October 31, 2013		22	$	231

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the

44

The Hartford Unconstrained Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously. 

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Event:

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

45

The Hartford Unconstrained Bond Fund

Financial Highlights

	- Selected Per-Share Data - (A)																							- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments			Total from Investment Operations			Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	10.06	$	0.29	$	0.02		$	0.31		$	(0.30	)(D)	$	–	$	(0.30	)	$	10.07		3.16	%	$	70,192		1.17	%		0.99	%		2.86	%
B		10.06		0.21		0.02			0.23			(0.23	)(E)		–		(0.23	)		10.06		2.30			1,974		2.08			1.74			2.12
C		10.09		0.21		0.02			0.23			(0.23	)(E)		–		(0.23	)		10.09		2.29			15,869		1.86			1.74			2.11
I		10.07		0.31		0.02			0.33			(0.33	)(F)		–		(0.33	)		10.07		3.32			5,311		0.77			0.73			3.10
R3		10.05		0.26		0.02			0.28			(0.28	)(D)		–		(0.28	)		10.05		2.76			193		1.46			1.29			2.56
R4		10.05		0.29		0.02			0.31			(0.31	)(D)		–		(0.31	)		10.05		3.07			161		1.15			0.99			2.85
R5		10.05		0.32		0.02			0.34			(0.34	)(F)		–		(0.34	)		10.05		3.37			113		0.85			0.69			3.17
Y		10.03		0.32		0.02			0.34			(0.33	)(F)		–		(0.33	)		10.04		3.48			19,584		0.73			0.69			3.16
For the Year Ended October 31, 2013
A	$	10.51	$	0.25	$	(0.41	)	$	(0.16	)	$	(0.29	)	$	–	$	(0.29	)	$	10.06		(1.54	)%	$	85,062		1.13	%		0.99	%		2.43	%
B		10.51		0.17		(0.41	)		(0.24	)		(0.21	)		–		(0.21	)		10.06		(2.28	)		3,234		2.01			1.74			1.68
C		10.53		0.17		(0.40	)		(0.23	)		(0.21	)		–		(0.21	)		10.09		(2.18	)		18,711		1.82			1.74			1.67
I		10.51		0.28		(0.40	)		(0.12	)		(0.32	)		–		(0.32	)		10.07		(1.19	)		1,602		0.76			0.74			2.69
R3		10.50		0.22		(0.41	)		(0.19	)		(0.26	)		–		(0.26	)		10.05		(1.83	)		179		1.44			1.29			2.17
R4		10.50		0.25		(0.41	)		(0.16	)		(0.29	)		–		(0.29	)		10.05		(1.54	)		130		1.11			0.99			2.46
R5		10.50		0.28		(0.41	)		(0.13	)		(0.32	)		–		(0.32	)		10.05		(1.24	)		149		0.82			0.69			2.75
Y		10.48		0.29		(0.42	)		(0.13	)		(0.32	)		–		(0.32	)		10.03		(1.24	)		17,992		0.71			0.69			2.85
For the Year Ended October 31, 2012
A	$	10.06	$	0.37	$	0.47		$	0.84		$	(0.39	)	$	–	$	(0.39	)	$	10.51		8.47	%	$	120,395		1.09	%		0.77	%		3.59	%
B		10.05		0.30		0.47			0.77			(0.31	)		–		(0.31	)		10.51		7.77			5,187		1.96			1.53			2.92
C		10.07		0.29		0.48			0.77			(0.31	)		–		(0.31	)		10.53		7.76			29,736		1.79			1.52			2.83
I(G)		10.30		0.13		0.21			0.34			(0.13	)		–		(0.13	)		10.51		3.35	(H)		1,132		0.83	(I)		0.62	(I)		2.93	(I)
R3		10.04		0.33		0.49			0.82			(0.36	)		–		(0.36	)		10.50		8.27			141		1.40			1.06			3.20
R4		10.04		0.37		0.48			0.85			(0.39	)		–		(0.39	)		10.50		8.60			111		1.07			0.77			3.57
R5		10.04		0.40		0.48			0.88			(0.42	)		–		(0.42	)		10.50		8.92			111		0.77			0.47			3.87
Y		10.04		0.48		0.38			0.86			(0.42	)		–		(0.42	)		10.48		8.73			115		0.72			0.69			4.70
For the Year Ended October 31, 2011 (J)
A	$	9.98	$	0.46	$	0.10		$	0.56		$	(0.48	)	$	–	$	(0.48	)	$	10.06		5.71	%	$	126,654		1.06	%		0.95	%		4.56	%
B		9.98		0.38		0.09			0.47			(0.40	)		–		(0.40	)		10.05		4.82			7,324		1.88			1.70			3.82
C		10.00		0.38		0.09			0.47			(0.40	)		–		(0.40	)		10.07		4.81			27,057		1.74			1.70			3.80
R3(K)		9.89		0.03		0.15			0.18			(0.03	)		–		(0.03	)		10.04		1.81	(H)		102		1.34	(I)		1.25	(I)		4.29	(I)
R4(K)		9.89		0.04		0.14			0.18			(0.03	)		–		(0.03	)		10.04		1.84	(H)		102		1.04	(I)		0.95	(I)		4.58	(I)
R5(K)		9.89		0.04		0.15			0.19			(0.04	)		–		(0.04	)		10.04		1.87	(H)		102		0.74	(I)		0.65	(I)		4.87	(I)
Y		9.97		0.49		0.09			0.58			(0.51	)		–		(0.51	)		10.04		5.96			102,134		0.63			0.63			4.90

See Portfolio Turnover information on the next page.

46

The Hartford Unconstrained Bond Fund

Financial Highlights – (continued)

	- Selected Per-Share Data - (A)																					- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2010 (J)
A	$	9.54	$	0.37	$	0.45	$	0.82	$	(0.38	)	$	–	$	(0.38	)	$	9.98		8.82	%	$	138,388		1.04	%		1.00	%		3.75	%
B		9.53		0.29		0.47		0.76		(0.31	)		–		(0.31	)		9.98		8.13			10,007		1.87			1.75			3.02
C		9.55		0.30		0.46		0.76		(0.31	)		–		(0.31	)		10.00		8.14			26,778		1.72			1.72			3.03
Y		9.52		0.40		0.47		0.87		(0.42	)		–		(0.42	)		9.97		9.37			147,197		0.62			0.62			4.13

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Included in this amount are tax distributions from capital of ($0.04).

(E) Included in this amount are tax distributions from capital of ($0.03).

(F) Included in this amount are tax distributions from capital of ($0.05).

(G) Commenced operations on May 25, 2012.

(H) Not annualized.

(I) Annualized.

(J) Net investment income (loss) per share amounts have been calculated using the SEC method.

(K) Commenced operations on September 30, 2011.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		62	%
For the Year Ended October 31, 2013		69
For the Year Ended October 31, 2012		134
For the Year Ended October 31, 2011		207
For the Year Ended October 31, 2010		210

47

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of
The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford Unconstrained Bond Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford Unconstrained Bond Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota
December 18, 2014

48

The Hartford Unconstrained Bond Fund

Directors and Officers (Unaudited)  

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

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The Hartford Unconstrained Bond Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

50

The Hartford Unconstrained Bond Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

51

The Hartford Unconstrained Bond Fund

Federal Tax Information (Unaudited)   

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund. 

52

The Hartford Unconstrained Bond Fund

Expense Example (Unaudited)   

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year	Days in the full year
Class A	$	1,000.00	$	1,011.00	$	5.03	$	1,000.00	$	1,020.21	$	5.05		0.99	%	184	365
Class B	$	1,000.00	$	1,006.20	$	8.81	$	1,000.00	$	1,016.43	$	8.85		1.74		184	365
Class C	$	1,000.00	$	1,007.20	$	8.81	$	1,000.00	$	1,016.43	$	8.85		1.74		184	365
Class I	$	1,000.00	$	1,012.20	$	3.70	$	1,000.00	$	1,021.53	$	3.72		0.73		184	365
Class R3	$	1,000.00	$	1,009.50	$	6.54	$	1,000.00	$	1,018.69	$	6.57		1.29		184	365
Class R4	$	1,000.00	$	1,010.00	$	5.02	$	1,000.00	$	1,020.21	$	5.05		0.99		184	365
Class R5	$	1,000.00	$	1,012.50	$	3.51	$	1,000.00	$	1,021.72	$	3.52		0.69		184	365
Class Y	$	1,000.00	$	1,012.50	$	3.51	$	1,000.00	$	1,021.72	$	3.52		0.69		184	365

53

The Hartford Unconstrained Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford Unconstrained Bond Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

54

The Hartford Unconstrained Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, its use of the Fund’s investment flexibility, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 5^th quintile of its performance universe for the 1-year period, the 2^nd quintile for the 3-year period and the 4^th quintile for the 5-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-year period and above its benchmark for the 3- and 5-year periods. In considering the Fund’s performance record, the Board noted that the Fund had transitioned to Wellington Management Company, LLP as sub-adviser in 2012.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

55

The Hartford Unconstrained Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group, while its actual management fee was in the 2^nd quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class as well as a permanent expense cap on certain share classes. These arrangements resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale, although the Board noted that the Fund’s current low asset levels have kept the Fund from fully realizing this benefit. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

56

The Hartford Unconstrained Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

57

The Hartford Unconstrained Bond Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below. 

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price) and call risk (the risk that an investment may be redeemed early). These risks also apply to the Fund’s investments in U.S. government securities, which may not be guaranteed by the U.S. government.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Loan Risk: The Fund’s investments in loans may at times become difficult to value and highly illiquid; they are subject to credit risk such as nonpayment of principal or interest, and risks of bankruptcy and insolvency.

Foreign Investment and Emerging Markets Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. 

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool. The Fund may purchase mortgage-backed securities in the "to be announced" (TBA) market. This subjects the Fund to counterparty risk and the risk that the security the Fund buys will lose value prior to its delivery.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

58

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-UB14 12/14 114012-3 Printed in U.S.A.

HARTFORDFUNDS

THE HARTFORD WORLD BOND FUND 2014 Annual Report

 

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford Funds.

Market Review

U.S. equities (as represented by the S&P 500 Index) rose steadily for the fiscal year ended October 31, 2014, with a return of 17.27% for the period. With the exception of short-lived geopolitical scares early in 2014 and concerns about continuing global growth near the end of the period, stocks generally rose on solid fundamentals and encouraging macroeconomic data during the year.

September 2014 marked the six-year anniversary of the start of the financial crisis. Within weeks of that anniversary, both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs, closing at 2,018 and 17,391, respectively, on October 31. Although the fallout of the crisis continues to influence investor behavior, stocks have recovered and risen dramatically, up 198% from their low in March 2009. Meanwhile, the domestic economy is notching strong growth, and the unemployment rate has reached its lowest level since August 2008.

While the U.S. economy appears to have stabilized and to have reverted to a solid growth path, the outlook for the global economy appears to have gotten cloudier. The U.S. Federal Reserve has ended quantitative easing, while Europe and Japan are pursuing stimulus options to avoid a double-dip recession and deflation, respectively. Diverging central-bank policies will likely continue to play an important role in market movements going forward as investors wait to see the reactions to their efforts and their impacts on global markets.

How have market movements impacted your portfolio throughout the last year? Are your investments still on track to provide the growth or income you need, and are you comfortable with their progress during times of volatility?

Your financial professional can help you navigate today’s markets with confidence, as well as assist you to achieve your investment goals by providing advice on the best options within our fund family to help you work toward overcoming today’s investing challenges. Meet with your financial advisor regularly to examine your portfolio and your investment strategy, and to determine if you’re still on track to meet your goals.

Thank you again for investing with Hartford Funds.

James Davey

President

Hartford Funds

¹ The S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

² The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE

The Hartford World Bond Fund

Table of Contents

Fund Performance (Unaudited)	2
Manager Discussion (Unaudited)	3
Financial Statements
Schedule of Investments at October 31, 2014	5
Statement of Assets and Liabilities at October 31, 2014	23
Statement of Operations for the Year Ended October 31, 2014	25
Statement of Changes in Net Assets for the Years Ended October 31, 2014, and October 31, 2013	26
Notes to Financial Statements	27
Financial Highlights	44
Report of Independent Registered Public Accounting Firm	46
Directors and Officers (Unaudited)	47
How to Obtain a Copy of the Fund’s Proxy Voting Policies and Voting Records (Unaudited)	49
Quarterly Portfolio Holdings Information (Unaudited)	49
Federal Tax Information (Unaudited)	50
Expense Example (Unaudited)	51
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	52
Main Risks (Unaudited)	56

The views expressed in the Fund’s Manager Discussion under “Why did the Fund perform this way?” and “What is the outlook?” are views of the Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. The Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

The Hartford World Bond Fund inception 05/31/2011

(sub-advised by Wellington Management Company, LLP)

Investment objective – The Fund seeks capital appreciation with income as a secondary goal.

Performance Overview 5/31/11 - 10/31/14

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Returns (as of 10/31/14)

	1 Year			Since      Inception▲
World Bond A#		2.74	%		4.30	%
World Bond A##		-1.88	%		2.91	%
World Bond C#		2.00	%		3.53	%
World Bond C##		1.00	%		3.53	%
World Bond I#		3.03	%		4.58	%
World Bond R3#		2.42	%		3.95	%
World Bond R4#		2.80	%		4.30	%
World Bond R5#		3.03	%		4.56	%
World Bond Y#		3.11	%		4.66	%
Citigroup World Government Bond Index		-1.28	%		0.22	%

▲ Inception: 05/31/2011

# Without sales charge

## With sales charge

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on October 31, 2014, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Citigroup World Government Bond Index includes the most significant and liquid government bond markets globally that carry at least an investment grade rating. Index weights are based on the market capitalization of qualifying outstanding debt stocks.

You cannot invest directly in an index.

The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Performance information may reflect historical or current expense waivers/reimbursements from the investment adviser, without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus. 

2

The Hartford World Bond Fund

Manager Discussion

October 31, 2014 (Unaudited)

Operating Expenses*
	Net			Gross
World Bond Class A		1.03	%		1.03	%
World Bond Class C		1.77	%		1.77	%
World Bond Class I		0.79	%		0.79	%
World Bond Class R3		1.35	%		1.40	%
World Bond Class R4		1.05	%		1.08	%
World Bond Class R5		0.75	%		0.79	%
World Bond Class Y		0.68	%		0.68	%

* As shown in the Fund's prospectus dated March 1, 2014. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2014.

Gross expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014. Net expenses are the Fund's total annual operating expenses shown in the Fund's prospectus dated March 1, 2014 and reflect contractual expense reimbursements in instances when these reductions reduce the Fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2015, and automatically renew for one-year terms unless terminated.

The Fund filed an updated prospectus, dated November 7, 2014, with the U.S. Securities and Exchange Commission that became effective on that date. However, the information in this annual report is as of October 31, 2014 and does not reflect any changes made to the total annual fund operating expense table in the November 7, 2014 prospectus.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

Portfolio Managers
Robert L. Evans	Mark H. Sullivan, CFA
Director and Fixed Income Portfolio Manager	Senior Vice President and Fixed Income Portfolio Manager

How did the Fund perform?

The Class A shares of The Hartford World Bond Fund returned 2.74%, before sales charge, for the twelve-month period ended October 31, 2014, outperforming the Fund’s benchmark, the Citigroup World Government Bond Index, which returned -1.28% for the same period. The Fund underperformed the 2.96% average return of the Lipper Global Income Funds peer group, a group of funds that invests primarily in U.S. Dollar (USD) and non-USD debt securities of issuers located in at least three countries, one of which may be the United States.

Why did the Fund perform this way?

Fixed income markets gained throughout much of the period as expectations of prolonged easy monetary policy by major central banks and a supportive macroeconomic environment kept rates low and suppressed volatility. Early in the period emerging markets dominated headlines as economic and political developments sparked risk aversion across global markets, pushing bond prices higher and yields lower amid a flight to quality. Toward the end of the period, however, persistent geopolitical risks – tensions between Ukraine and Russia and violence in Iraq – and Chinese economic slowdown concerns raised questions about the global growth rate, keeping a lid on risk appetites overall.

The period was also highlighted by a divergence in central bank policies. The European Central Bank (ECB) cut its benchmark lending and deposit rates and announced a host of stimulus measures in an effort to encourage lending and fend off fears of deflation. China’s central bank joined the ECB in boosting liquidity by injecting funds into the nation’s largest banks in an attempt to combat weakening growth. The Bank of Japan pre-emptively announced incremental monetary easing to counter market fears that a change from a historical inflationary environment would be delayed. In contrast, the Bank of England and U.S. Federal Reserve (Fed) leaned toward tighter policies. The Fed ended its quantitative easing program as U.S. data largely suggested the economy was on a sustainable growth path. Second quarter gross domestic product (GDP) rebounded after the first quarter’s steep contraction. The labor market strengthened as the unemployment rate dropped to a six-year low. Housing regained some lost ground after a weak start to the year, though the pace of home price appreciation started to slow after a strong 2013. Inflation pressures were muted overall, alleviating pressure on the Fed to raise rates.

Note that the Fund is managed in a benchmark-agnostic manner, meaning that the strategy is not focused on a particular benchmark but has a total return approach. For the twelve-month period, interest rate positioning and credit strategies contributed to total returns, while currency positioning moderately detracted.

Our high exposure to the USD helped preserve capital during the period and contributed to outperformance versus the benchmark. However, our limited exposure to non-USD currencies detracted on an absolute basis. Most currencies fell versus the USD due to the flight to safety and expectations that the Fed will raise interest rates. Our allocations to the Nok, Euro and British Pound were the primary drivers of negative performance in our smart market core foreign exchange (FX) exposure as these currencies depreciated against the USD.

Our overall cautious duration positioning and exposure to high quality global government bond markets provided positive total returns. However, we lagged market returns because we were not invested in the peripheral European countries like Italy, Spain,

3

The Hartford World Bond Fund

Manager Discussion – (continued)

October 31, 2014 (Unaudited)

Ireland and France which experienced a strong rally driven by the disinflationary pulse in Europe and expectations of ECB easing. Within discretionary macro strategies, various duration positions contributed to total returns. Specifically our overweight duration positions in U.K., Australia, and Korea, based on our theme of slowing global growth, contributed to results. Our opportunistic country rotation strategies detracted from results throughout this period. Particularly, our long U.S. 10-year vs U.K. 10-year and Germany 10-year positions detracted as both spreads widened at the margin. Our country (duration and yield curve) positioning is primarily implemented through the use of exchange-traded government bond futures and cash bonds.

Within our credit strategies our allocation to securitized debt, investment grade and high yield corporates contributed to absolute results as these sectors benefitted from investors’ prolonged appetite for yield and falling interest rates. Our opportunistic allocation to the high yield sector, particularly within defensive sectors such as banking and communications, was additive to relative performance during the period as the sector continued to benefit from strong investor inflows driven by the search for yield. In addition, our select exposure to securitized assets, specifically commercial mortgage backed securities, collateralized mortgage obligations, and asset backed securities contributed to results on an absolute and relative basis. Our credit positioning is primarily implemented through the use of cash bonds, credit default swaps (index and single name), and interest rate swaps.

What is the outlook?

We believe that global growth is sluggish and is becoming more narrowly based (U.S.-centric). The key question appears to be whether the U.S. can continue to grow independently from the rest of the world. We believe rising monetary policy divergence - Fed normalization versus accommodative policy from other major central banks –should continue to drive rate markets for some time. A weaker Chinese growth profile, rolling over of Asia data surprises and Fed policy normalization (i.e. bringing interest rates to normal levels) could be negative for Asia-linked economies including Australia and New Zealand. Although we expect the Fed to move at a moderate pace, recent activity suggests that the start of the rate hike cycle may be unsettling for emerging markets.

In summary, headline global growth opportunities remain expansionary; however, we believe there is increased divergence between U.S. and non-U.S. regions. Global inflation pressures appear to be remaining subdued. Global policy objectives in the absence of inflation, in our view, are supportive of lower yields. We believe geopolitical risks are aplenty and each on their own could change our outlook meaningfully. As a result, we continue to manage duration tactically and had duration of 4.63 years at the end of the period. We also remain tactical in our overall portfolio positioning, with a greater emphasis on country differentiation.

Credit Exposure

as of October 31, 2014

Credit Rating *	Percentage of Net Assets
Aaa/ AAA		36.6	%
Aa/ AA		29.5
A		5.3
Baa/ BBB		2.8
Ba/ BB		4.9
B		6.3
Caa/ CCC or Lower		3.7
Not Rated		5.0
Non-Debt Securities and Other Short-Term Instruments		4.1
Other Assets and Liabilities		1.8
Total		100.0	%

* Credit exposure is the long-term credit ratings for the Fund's holdings, as of the date noted, as provided by Standard and Poor's (S&P) or Moody's Investors Service (Moody's) and typically range from AAA/Aaa (highest) to C/D (lowest). Presentation of S&P and Moody's credit ratings in this report have been selected for informational purposes for shareholders, as well as the Fund's consideration of industry practice. If Moody's and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to the Fund's shares. Ratings may change.

Diversification by Security Type

as of October 31, 2014

Category	Percentage of Net Assets
Equity Securities
Preferred Stocks		0.1	%
Total		0.1	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		13.0	%
Corporate Bonds		10.4
Foreign Government Obligations		55.9
Senior Floating Rate Interests		2.9
U.S. Government Agencies		0.2
U.S. Government Securities		11.7
Total		94.1	%
Short-Term Investments		3.9
Purchased Options		0.1
Other Assets and Liabilities		1.8
Total		100.0	%

4

The Hartford World Bond Fund

Schedule of Investments

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 13.0%
		Cayman Islands - 2.3%
		A Voce CLO Ltd.
$	5,000	1.69%, 07/15/2026 ■Δ	$	4,954
		Apidos CLO XVIII
	4,500	1.65%, 07/22/2026 ■Δ		4,460
		Ares CLO Ltd.
	2,738	1.02%, 04/20/2023 ■Δ		2,721
	2,995	1.62%, 04/20/2023 ■Δ		2,904
	3,845	1.76%, 04/17/2026 ■Δ		3,827
		Atrium CDO Corp.
	1,735	1.99%, 11/16/2022 ■Δ		1,693
		Babson CLO Ltd.
	2,725	1.33%, 04/20/2025 ■Δ		2,672
		Dryden Senior Loan Fund
	4,575	1.48%, 07/17/2023 ■Δ		4,522
		Gramercy Park CLO Ltd.
	2,235	1.53%, 07/17/2023 ■Δ		2,228
		ING Investment Management CLO Ltd.
	4,175	1.43%, 03/14/2022 ■Δ		4,145
		Limerock CLO
	4,130	1.73%, 04/18/2026 ■Δ		4,100
		Magnetite CLO Ltd.
	4,365	1.70%, 07/25/2026 ■Δ		4,327
		Neuberger Berman CLO XVII Ltd.
	4,245	1.70%, 08/04/2025 ■Δ		4,208
		OZLM Funding Ltd.
	11,510	1.73%, 04/17/2026 ■Δ		11,456
		Race Point CLO Ltd.
	3,825	2.38%, 05/24/2023 ■Δ		3,771
		Seneca Park CLO Ltd.
	1,555	1.70%, 07/17/2026 ■Δ		1,553
		Symphony CLO XV Ltd.
	6,095	1.65%, 10/17/2026 ■☼Δ		6,049
		Voya CLO Ltd.
	1,725	1.68%, 07/17/2026 ■Δ		1,717
				71,307
		United Kingdom - 0.1%
		Granite Master Issuer plc
	1,354	0.23%, 12/20/2054 ■Δ		1,343
	415	0.23%, 12/17/2054 Δ		412
	863	0.24%, 12/20/2054 Δ		857
	374	0.30%, 12/20/2054 Δ		371
	465	0.33%, 12/17/2054 Δ		462
		Motor plc
	48	1.29%, 02/25/2020 ■		48
				3,493
		United States - 10.6%
		Adjustable Rate Mortgage Trust
	482	0.42%, 11/25/2035 Δ		444
		Agate Bay Mortgage Trust
	3,198	3.50%, 07/25/2043 ■Δ		3,241
		Ally Master Owner Trust
	1,775	0.67%, 09/17/2018 Δ		1,780
	1,245	1.54%, 09/15/2019		1,245
		American Credit Acceptance Receivables
	4,011	1.14%, 03/12/2018 ■		4,015
	347	1.64%, 11/15/2016 ■		348
	1,915	3.96%, 05/15/2019 ■		1,956
		American Home Mortgage Assets Trust
	142	0.28%, 03/25/2047 Δ		115
	861	0.34%, 10/25/2046 Δ		612
	632	1.06%, 10/25/2046 Δ		461
		American Money Management Corp.
	4,615	1.68%, 07/27/2026 ■Δ		4,570
		AmeriCredit Automobile Receivables Trust
	831	0.74%, 11/08/2016		832
	652	1.57%, 01/08/2019		653
	465	1.69%, 11/08/2018		468
	1,780	2.35%, 12/10/2018		1,790
	70	3.34%, 04/08/2016		70
		Apidos CLO
	2,900	1.33%, 04/15/2025 ■Δ		2,851
	3,840	1.68%, 01/19/2025 ■Δ		3,820
		Ares CLO Ltd.
	4,040	1.73%, 10/12/2023 ■Δ		4,034
		Banc of America Funding Corp.
	2,228	0.39%, 02/20/2047 Δ		1,917
	397	5.77%, 05/25/2037		335
	513	5.85%, 01/25/2037		415
		Bear Stearns Adjustable Rate Mortgage Trust
	2,396	2.26%, 08/25/2035 Δ		2,406
	1,601	2.65%, 07/25/2036 Δ		1,351
	1,642	4.99%, 06/25/2047 Δ		1,465
		Bear Stearns Alt-A Trust
	798	0.47%, 08/25/2036 Δ		604
	2,052	0.65%, 01/25/2036 Δ		1,626
	906	2.63%, 09/25/2035 Δ		829
	226	2.70%, 08/25/2036 Δ		165
		Bear Stearns Mortgage Funding Trust
	673	0.35%, 02/25/2037 Δ		496
		Cabela's Master Credit Card Trust
	1,805	0.80%, 08/16/2021 ■Δ		1,817
		Cal Funding II Ltd.
	528	3.47%, 10/25/2027 ■		525
		Carlyle Global Market Strategies
	3,390	1.35%, 07/15/2025 ■Δ		3,321
	875	1.38%, 04/18/2025 ■Δ		860
		Cent CLO L.P.
	3,970	1.71%, 01/25/2026 ■Δ		3,951
		CFCRE Commercial Mortgage Trust
	1,935	3.83%, 12/15/2047		2,051
		Chase Issuance Trust
	4,700	0.58%, 09/15/2020 Δ		4,715
		ChaseFlex Trust
	254	5.50%, 06/25/2035		233
		CHL Mortgage Pass-Through Trust
	1,937	0.49%, 03/25/2035 Δ		1,668
	3,161	2.42%, 06/20/2035 Δ		3,035
	2,604	2.66%, 04/25/2037 Δ		2,372
		CIFC Funding Ltd.
	4,065	1.73%, 04/18/2025 ■Δ		4,037
		Citigroup Commercial Mortgage Trust
	2,320	1.90%, 06/15/2033 ■Δ		2,311
		Citigroup Mortgage Loan Trust, Inc.
	725	2.44%, 07/25/2036 Δ		476
		Citigroup/Deutsche Bank Commercial Mortgage Trust
	9	5.89%, 11/15/2044		10

The accompanying notes are an integral part of these financial statements.

5

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 13.0% - (continued)
		United States - 10.6% - (continued)
		Commercial Mortgage Loan Trust
$	4,341	6.24%, 12/10/2049 Δ	$	4,704
		Commercial Mortgage Pass-Through Certificates
	2,605	2.85%, 10/15/2045		2,577
	2,140	4.02%, 07/10/2045		2,282
		Commercial Mortgage Trust
	1,680	4.50%, 03/10/2046 ■Δ		1,127
		Community or Commercial Mortgage Trust
	2,610	3.21%, 03/10/2046		2,638
	1,880	4.38%, 07/10/2045 Δ		2,046
		Connecticut Avenue Securities Series
	2,964	2.15%, 10/25/2023 Δ		2,984
		Consumer Portfolio Services, Inc.
	66	2.78%, 06/17/2019 ■		67
		Countrywide Alternative Loan Trust
	897	0.29%, 04/25/2047 Δ		750
	948	0.42%, 01/25/2036 Δ		842
	600	0.47%, 11/25/2035 Δ		484
	772	0.65%, 12/25/2035 Δ		556
	1,163	0.95%, 12/25/2035 Δ		959
	1,174	5.75%, 05/25/2036		999
	812	6.50%, 08/25/2037		587
		Countrywide Home Loans, Inc.
	1,043	2.58%, 09/25/2047 Δ		928
	1,718	4.87%, 11/20/2035 Δ		1,541
		CPS Automotive Trust
	2,681	1.64%, 08/15/2016 ■		2,691
	843	1.94%, 03/16/2020 ■		849
		Credit Acceptance Automotive Loan Trust
	1,360	1.21%, 10/15/2020 ■		1,360
		Credit Suisse Commercial Mortgage Trust
	3,372	3.50%, 08/25/2043 ■		3,417
	70	5.97%, 02/15/2041 Δ		78
		Credit Suisse Mortgage Trust
	1,225	5.75%, 03/25/2036		1,116
		DBUBS Mortgage Trust
	2,964	1.55%, 01/01/2021 ■►		76
		Deutsche Alt-A Securities, Inc. Mortgage
	631	0.27%, 08/25/2036 Δ		490
		Downey S & L Association Mortgage Loan Trust
	1,763	1.04%, 03/19/2046 Δ		1,363
		Dryden Senior Loan Fund
	3,990	1.58%, 04/18/2026 ■Δ		3,944
	7,900	1.70%, 07/15/2026 ■Δ		7,854
		Eaton Vance CLO Ltd.
	2,455	1.68%, 07/15/2026 ■Δ		2,437
		Enterprise Fleet Financing LLC
	915	0.93%, 04/20/2018 ■		917
	2,010	1.51%, 03/20/2019 ■		2,027
		First Horizon Alternative Mortgage Securities
	435	2.21%, 04/25/2036 Δ		364
		First Investors Automotive Owner Trust
	460	0.90%, 10/15/2018 ■		461
		Ford Credit Floorplan Master Owner Trust
	500	1.69%, 09/15/2019 Δ		500
		GMAC Mortgage Corp. Loan Trust
	737	2.93%, 09/19/2035 Δ		689
	1,084	2.95%, 04/19/2036 Δ		954
		GreenPoint Mortgage Funding Trust
	641	0.41%, 10/25/2045 Δ		557
		Greenwich Capital Commercial Funding Corp.
	400	5.74%, 12/10/2049		438
	145	6.01%, 07/10/2038 Δ		153
		GS Mortgage Securities Trust
	2,470	3.38%, 05/10/2045		2,554
	615	3.67%, 04/10/2047 ■Δ		422
	1,300	5.03%, 04/10/2047 ■Δ		1,226
		GSAA Home Equity Trust
	301	0.20%, 12/25/2046 Δ		201
	2,171	0.22%, 12/25/2046 Δ		1,235
	1,845	0.23%, 02/25/2037 Δ		1,004
	48	0.25%, 03/25/2037 Δ		25
	2,984	0.27%, 05/25/2047 Δ		2,131
	818	0.38%, 04/25/2047 Δ		525
	2,180	0.47%, 04/25/2047 Δ		1,406
		GSR Mortgage Loan Trust
	1,204	2.59%, 07/25/2035 Δ		1,134
	335	2.71%, 05/25/2037 Δ		277
	2,838	2.74%, 01/25/2036 Δ		2,627
		Harborview Mortgage Loan Trust
	1,008	0.35%, 01/19/2038 Δ		851
	652	0.38%, 05/19/2047 Δ		255
	3,527	0.40%, 12/19/2036 Δ		2,495
	270	0.49%, 09/19/2035 Δ		209
	2,199	0.51%, 01/19/2035 Δ		1,540
		Hilton USA Trust
	980	2.91%, 11/05/2030 ■Δ		980
		HLSS Servicer Advance Receivables
	2,286	1.50%, 01/16/2046 ■		2,280
	3,230	1.98%, 11/15/2046 ■		3,215
	2,300	1.99%, 10/15/2045 ■		2,316
	1,620	2.22%, 01/15/2047 ■		1,617
	3,555	2.48%, 10/15/2045 ■		3,572
		Home Equity Loan Trust
	1,377	2.45%, 11/25/2035 Δ		1,294
		IMPAC Commercial Mortgage Backed Trust
	920	0.95%, 10/25/2034 Δ		875
		IndyMac Index Mortgage Loan Trust
	1,842	0.35%, 10/25/2036 Δ		1,579
	97	0.39%, 07/25/2035 Δ		86
	879	0.43%, 07/25/2035 Δ		750
	1,619	0.55%, 07/25/2046 Δ		795
	584	2.47%, 08/25/2035 Δ		468
	365	2.55%, 09/25/2036 Δ		308
	1,520	2.60%, 12/25/2036 Δ		1,329
		ING Investment Management CLO Ltd.
	3,970	1.77%, 04/18/2026 ■Δ		3,951
		JP Morgan Chase Commercial Mortgage Securities Corp.
	1,209	1.65%, 02/12/2051 Δ		1,213
	2,124	2.75%, 10/15/2045 ■		1,608
	850	2.83%, 10/15/2045		842
	700	4.00%, 08/15/2046 ■		606
	2,825	4.17%, 08/15/2046		3,063
	1,536	4.57%, 12/15/2047 ■Δ		1,306
	1,690	4.82%, 10/15/2045 ■Δ		1,677
	4,640	5.89%, 02/12/2049 Δ		5,046

The accompanying notes are an integral part of these financial statements.

6

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 13.0% - (continued)
		United States - 10.6% - (continued)
		JP Morgan Mortgage Trust
$	3,954	2.61%, 02/25/2035 Δ	$	4,002
	1,246	2.71%, 05/25/2036 Δ		1,132
	3,803	3.00%, 09/25/2044 ■		3,847
	306	6.00%, 01/25/2037		273
		JPMBB Commercial Mortgage Securities Trust
	70,607	0.89%, 09/15/2047 ►		3,726
		LB-UBS Commercial Mortgage Trust
	254	5.43%, 02/15/2040		275
		LCM Ltd.
	1,100	2.13%, 04/15/2022 ■Δ		1,079
		Lehman XS Trust
	905	0.34%, 11/25/2046 Δ		720
	1,174	1.00%, 09/25/2047 Δ		961
		Luminent Mortgage Trust
	2,400	0.35%, 02/25/2046 Δ		1,765
	585	0.39%, 04/25/2036 Δ		393
	1,091	0.41%, 11/25/2035 Δ		1,014
		M&T Bank Automotive Receivables Trust
	1,170	1.57%, 01/15/2017 ■		1,182
		Madison Park Funding Ltd.
	6,150	1.68%, 01/19/2025 - 07/20/2026 ■Δ		6,121
		Master Adjustable Rate Mortgages Trust
	1,221	0.39%, 05/25/2037 Δ		827
		Merrill Lynch Mortgage Investors Trust
	190	2.19%, 05/25/2033 Δ		184
	1,430	2.52%, 07/25/2035 Δ		1,187
	1,060	5.14%, 07/12/2038		1,087
		Morgan Stanley ABS Capital I
	4,443	0.30%, 06/25/2036 Δ		3,807
		Morgan Stanley BAML Trust
	1,505	4.50%, 08/15/2045 ■		1,148
		Morgan Stanley Capital I
	2,990	3.24%, 03/15/2045		3,058
	100	5.42%, 09/15/2047 ■Δ		114
	50	5.83%, 06/11/2042 Δ		55
	625	6.45%, 01/11/2043 Δ		704
		Morgan Stanley Mortgage Loan Trust
	4,002	0.32%, 05/25/2036 - 11/25/2036 Δ		2,008
	245	2.59%, 05/25/2036 Δ		178
	657	2.63%, 06/25/2037 Δ		420
		Morgan Stanley Re-Remic Trust
	951	5.99%, 08/15/2045 ■Δ		1,032
		Nationstar Agency Advance Funding Trust
	1,000	1.89%, 02/18/2048 ■		981
	250	3.23%, 02/18/2048 ■Δ		252
		Neuberger Berman CLO XVI Ltd.
	3,030	1.70%, 03/01/2026 ■Δ		3,004
		OHA Intrepid Leveraged Loan Fund Ltd.
	2,161	1.15%, 04/20/2021 ■Δ		2,161
		OZLM Funding Ltd.
	3,880	1.73%, 01/17/2026 ■Δ		3,841
		Prestige Automotive Receivables Trust
	1,089	1.09%, 02/15/2018 ■		1,091
	100	1.33%, 05/15/2019 ■		100
		Prime Mortgage Trust
	755	5.50%, 06/25/2036		706
		Race Point CLO Ltd.
	2,040	1.48%, 02/20/2025 ■Δ		2,019
		RBSGC Mortage Pass Through Certificates
	1,079	6.25%, 01/25/2037		1,011
		Renaissance Home Equity Loan Trust
	3,695	0.67%, 03/25/2034 Δ		3,516
		Residential Accredit Loans, Inc.
	1,062	0.92%, 09/25/2046 Δ		713
	2,208	1.41%, 11/25/2037 Δ		1,405
	307	6.25%, 01/25/2037		252
		Residential Funding Mortgage Securities, Inc.
	932	3.05%, 04/25/2037 Δ		812
	617	6.00%, 04/25/2037 - 07/25/2037		553
		Sequoia Mortgage Trust
	1,709	0.43%, 01/20/2035 Δ		1,633
	683	5.03%, 07/20/2037 Δ		650
		Sheridan Square CLO
	2,435	1.40%, 04/15/2025 ■Δ		2,394
		SNAAC Automotive Receivables Trust
	309	1.14%, 07/16/2018 ■		309
		SpringCastle America Funding LLC
	2,910	2.70%, 05/25/2023 ■		2,912
		Springleaf Funding Trust
	1,790	2.41%, 12/15/2022 ■		1,794
		Springleaf Mortgage Loan Trust
	479	1.57%, 12/25/2059 ■		479
	2,430	1.78%, 12/25/2065 ■		2,426
	3,065	2.31%, 06/25/2058 ■		3,002
	510	2.66%, 12/25/2059 ■		510
	1,725	3.14%, 06/25/2058 ■		1,728
	920	3.52%, 12/25/2065 ■		939
	2,770	3.79%, 09/25/2057 ■		2,790
		Structured Adjustable Rate Mortgage Loan Trust
	1,159	0.45%, 09/25/2034 Δ		1,029
		Structured Agency Credit Risk Debt Notes
	4,142	1.00%, 04/25/2024 Δ		4,095
	9,775	1.15%, 02/25/2024 Δ		9,683
		Structured Asset Mortgage Investments, Inc.
	682	0.38%, 02/25/2036 Δ		556
		Structured Asset Securities Corp.
	399	2.54%, 11/25/2033 Δ		390
		Symphony CLO Ltd.
	4,355	1.71%, 07/14/2026 ■Δ		4,330
		TAL Advantage LLC
	1,079	2.83%, 02/22/2038 ■		1,063
		Terwin Mortgage Trust
	1,944	1.09%, 12/25/2034 Δ		1,890
		Thornburg Mortgage Securities Trust
	1,605	2.24%, 04/25/2045 Δ		1,619
		UBS-Barclays Commercial Mortgage Trust
	5,950	3.18%, 03/10/2046 Δ		5,972
	1,095	4.23%, 03/10/2046 ■Δ		912
		Wachovia Bank Commercial Mortgage Trust
	1,009	5.42%, 01/15/2045 Δ		1,042
		WaMu Mortgage Pass-Through Certificates
	1,249	4.61%, 08/25/2036 Δ		1,142
		Wells Fargo Commercial Mortgage Trust
	3,900	2.92%, 10/15/2045		3,891
		Wells Fargo Mortgage Backed Securities Trust
	511	2.49%, 10/25/2036 Δ		476
	882	2.59%, 12/28/2037 Δ		812

The accompanying notes are an integral part of these financial statements.

7

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Asset and Commercial Mortgage Backed Securities - 13.0% - (continued)
		United States - 10.6% - (continued)
		Wells Fargo Mortgage Backed Securities Trust - (continued)
$	1,745	2.61%, 10/25/2035 Δ	$	1,630
	90	5.21%, 10/25/2035 Δ		89
		WF-RBS Commercial Mortgage Trust
	15,903	1.47%, 03/15/2047 ►		1,381
	830	4.90%, 06/15/2044 ■		932
	1,325	5.00%, 06/15/2044 - 04/15/2045 ■		1,097
	935	5.75%, 04/15/2045 ■Δ		990
				327,298
		Total Asset and Commercial Mortgage Backed Securities
		(Cost $400,903)	$	402,098
Corporate Bonds - 10.4%
		Australia - 0.2%
		FMG Resources Aug 2006
$	2,730	6.88%, 04/01/2022 ■	$	2,819
		FMG Resources Pty Ltd.
	2,825	8.25%, 11/01/2019 ■		2,931
				5,750
		Brazil - 0.2%
		Petrobras Global Finance Co.
	7,850	3.25%, 03/17/2017		7,936
		Canada - 0.1%
		Novelis, Inc.
	475	8.75%, 12/15/2020		518
		Telesat LLC
	1,300	6.00%, 05/15/2017 ■		1,340
		Videotron Ltd.
	3	9.13%, 04/15/2018		3
				1,861
		France - 0.4%
		Banque PSA Finance S.A.
EUR	4,247	4.25%, 02/25/2016 §		5,530
		BPCE S.A.
EUR	1,250	9.00%, 03/17/2015 ♠Δ		1,598
		Societe Generale
	1,325	6.00%, 01/27/2020 ■♠		1,249
EUR	1,200	6.75%, 04/07/2049 §		1,509
	1,545	7.88%, 12/18/2023 ■♠		1,545
				11,431
		Germany - 0.1%
		Trionista Holdco GmbH
EUR	330	5.00%, 04/30/2020 ■		427
		Unitymedia Hessen GmbH & Co.
EUR	1,350	9.63%, 12/01/2019 §		1,779
				2,206
		Ireland - 0.2%
		AerCap Ireland Capital Ltd.
	2,700	4.50%, 05/15/2021 ■		2,727
		Ardagh Packaging Finance plc
EUR	850	9.25%, 10/15/2020 §		1,140
		Baggot Securities Ltd.
EUR	100	10.24%, 12/29/2049 ■		132
		Nara Cable Funding Ltd.
	525	8.88%, 12/01/2018 ■		551
EUR	700	8.88%, 12/01/2018 §		919
				5,469
		Italy - 0.2%
		Intesa Sanpaolo S.p.A.
EUR	1,300	9.50%, 10/29/2049 §		1,776
		Wind Acquisition Finance S.A.
EUR	1,160	4.00%, 07/15/2020 ■		1,432
EUR	3,525	4.08%, 07/15/2020 ■Δ		4,339
				7,547
		Japan - 0.0%
		SoftBank Corp.
	1,230	4.50%, 04/15/2020 ■		1,245
		Luxembourg - 0.5%
		Aguila 3 S.A.
	1,455	7.88%, 01/31/2018 ■		1,459
		Altice Financing S.A.
EUR	1,185	6.50%, 01/15/2022 §		1,529
	355	8.13%, 01/15/2024 ■		374
	610	9.88%, 12/15/2020 ■		680
		Ardagh Finance Holdings S.A.
EUR	470	8.38%, 06/15/2019 ■		560
		CNH Industrial Finance Europe S.A.
EUR	3,316	2.75%, 03/18/2019 §		4,170
		Ineos Group Holdings plc
EUR	3,750	5.75%, 02/15/2019 §		4,678
		Ontex IV S.A.
EUR	625	7.50%, 04/15/2018 §		810
EUR	245	7.50%, 04/15/2018 ■		318
				14,578
		Netherlands - 0.2%
		AerCap Aviation Solutions B.V.
	200	6.38%, 05/30/2017		212
		Constellium N.V.
EUR	1,250	4.63%, 05/15/2021 §		1,551
EUR	295	4.63%, 05/15/2021 ■		366
		NXP B.V./NXP Funding LLC
	440	3.75%, 06/01/2018 ■		443
		UPC Holding B.V.
EUR	2,075	8.38%, 08/15/2020 §		2,795
				5,367
		South Korea - 0.0%
		Harvest Operations Corp.
	41	6.88%, 10/01/2017		42
		Spain - 0.7%
		Abengoa Finance
	1,500	7.75%, 02/01/2020 ■		1,568
		Abengoa Greenfield, S.A.
EUR	3,750	5.50%, 10/01/2019 ■		4,578
		Banco Bilbao Vizcaya Argentaria S.A.
EUR	2,400	7.00%, 12/29/2049 §		3,085
	2,800	9.00%, 05/09/2018 §♠		3,026
		Banco Santander S.A.
EUR	3,800	6.25%, 03/12/2049 §		4,661
		NH Hoteles S.A.
EUR	3,390	6.88%, 11/15/2019 ■		4,509
				21,427

The accompanying notes are an integral part of these financial statements.

8

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 10.4% - (continued)
		Switzerland - 0.1%
		Credit Suisse Group AG
$	3,725	7.88%, 02/24/2041 §	$	3,976
		United Kingdom - 1.6%
		Barclays Bank plc
	2,180	0.56%, 11/17/2014 ♠Δ		1,417
	14,260	4.38%, 09/11/2024		13,833
	3,495	8.25%, 12/15/2018 ♠β		3,608
GBP	550	14.00%, 06/15/2019 ♠		1,144
		HSBC Holdings plc
EUR	825	0.38%, 09/30/2020 Δ		1,027
	2,620	0.75%, 09/30/2049 Δ		1,769
		Ineos Group Holdings plc
EUR	1,090	6.50%, 08/15/2018 ■		1,383
		Lloyds Banking Group plc
EUR	2,725	6.38%, 06/27/2049 §		3,526
GBP	1,550	7.00%, 12/29/2049 §		2,475
		Matalan Finance plc
GBP	710	6.88%, 06/01/2019 ■		1,086
		National Westminster Bank plc
	1,270	0.56%, 01/11/2015 ♠Δ		836
EUR	725	2.23%, 10/29/2049 Δ		848
		Nationwide Building Society
GBP	2,400	6.88%, 03/11/2049 §		3,753
		Paragon Offshore plc
	2,345	6.75%, 07/15/2022 ■		1,788
		Royal Bank of Scotland Group plc
	5,070	6.00%, 12/19/2023		5,457
	2,075	9.50%, 03/16/2022 §		2,371
		Tullow Oil plc
	545	6.00%, 11/01/2020 ■		510
	1,745	6.25%, 04/15/2022 ■		1,623
				48,454
		United States - 5.9%
		99 Cents Only Stores
	425	11.00%, 12/15/2019		460
		AbbVie, Inc.
	690	1.75%, 11/06/2017		692
		Activision Blizzard, Inc.
	6,820	6.13%, 09/15/2023 ■		7,383
		AES (The) Corp.
	84	7.75%, 10/15/2015		89
	7	8.00%, 10/15/2017		8
		AK Steel Corp.
	3,520	7.63%, 05/15/2020 - 10/01/2021		3,533
	440	8.38%, 04/01/2022		449
		Albertson's Holdings LLC
	1,650	7.75%, 10/15/2022 ■		1,625
		Alcatel-Lucent USA, Inc.
	3,525	4.63%, 07/01/2017 ■		3,582
	610	6.75%, 11/15/2020 ■		629
		Alere, Inc.
	1,970	6.50%, 06/15/2020		2,029
	1,050	7.25%, 07/01/2018		1,118
		Ally Financial, Inc.
	2,480	5.13%, 09/30/2024		2,579
		AMC Entertainment, Inc.
	734	9.75%, 12/01/2020		815
		American Builders & Contractors Supply Co., Inc.
	220	5.63%, 04/15/2021 ■		223
		American International Group, Inc.
GBP	2,100	5.75%, 03/15/2067		3,484
		AmSurg Corp.
	575	5.63%, 07/15/2022 ■		596
		Antero Resources Corp.
	380	5.38%, 11/01/2021		386
		ARAMARK Corp.
	1,505	5.75%, 03/15/2020		1,573
		Ashtead Capital, Inc.
	800	6.50%, 07/15/2022 ■		864
		Associated Materials LLC
	245	9.13%, 11/01/2017		240
		Bank of America Corp.
EUR	1,800	0.78%, 05/23/2017 Δ		2,236
		Biomet, Inc.
	1,210	6.50%, 08/01/2020 - 10/01/2020		1,294
		Building Materials Corp.
	430	6.88%, 08/15/2018 ■		447
		CCO Holdings LLC
	195	7.25%, 10/30/2017		203
	1,300	7.38%, 06/01/2020		1,393
	425	8.13%, 04/30/2020		451
		CDW Escrow Corp.
	3,025	8.50%, 04/01/2019		3,207
		CEC Entertainment, Inc.
	280	8.00%, 02/15/2022 ■		269
		Chrysler Group LLC
	6,255	8.00%, 06/15/2019		6,700
	2,560	8.25%, 06/15/2021		2,861
		CIT Group, Inc.
	30	5.00%, 05/15/2017		31
	65	5.25%, 03/15/2018		69
	525	5.50%, 02/15/2019 ■		560
		Clean Harbors, Inc.
	640	5.13%, 06/01/2021		651
		CNH America LLC
	95	7.25%, 01/15/2016		100
		CNH Capital LLC
	3,205	3.63%, 04/15/2018		3,205
	205	3.88%, 11/01/2015		208
	230	6.25%, 11/01/2016		243
		Cobalt International Energy, Inc.
	1,155	2.63%, 12/01/2019 β		858
		Community Health Systems, Inc.
	610	5.13%, 08/15/2018		635
	4,350	6.88%, 02/01/2022		4,687
	1,930	7.13%, 07/15/2020		2,089
		Cubist Pharmaceuticals
	235	1.88%, 09/01/2020 β		274
		DaVita, Inc.
	1,120	5.75%, 08/15/2022		1,187
		Deutsche Postbank IV
EUR	200	5.98%, 06/29/2049 §Δ		262
		DISH DBS Corp.
	2,895	5.00%, 03/15/2023		2,884
		Dolphin Subsidiary II, Inc.
	1,495	7.25%, 10/15/2021		1,588

The accompanying notes are an integral part of these financial statements.

9

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 10.4% - (continued)
		United States - 5.9% - (continued)
		Emdeon, Inc.
$	25	11.00%, 12/31/2019	$	28
		Entegris, Inc.
	565	6.00%, 04/01/2022 ■		575
		Envision Healthcare Corp.
	435	5.13%, 07/01/2022 ■		440
		Equinix, Inc.
	60	4.88%, 04/01/2020		61
		Everest Acquisition LLC
	80	9.38%, 05/01/2020		87
		First Data Corp.
	306	14.50%, 09/24/2019 ■Þ		320
		Ford Motor Credit Co. LLC
	5,450	5.63%, 09/15/2015		5,672
		Fresenius Medical Care U.S. Finance II, Inc.
	435	5.63%, 07/31/2019 ■		466
	610	5.88%, 01/31/2022 ■		665
	60	9.00%, 07/15/2015 ■		62
		General Motors Financial Co., Inc.
	245	2.75%, 05/15/2016		248
		GenOn Americas Generation LLC
	605	9.13%, 05/01/2031		566
		Getty Images, Inc.
	1,630	7.00%, 10/15/2020 ■		1,255
		GRD Holding III Corp.
	1,750	10.75%, 06/01/2019 ■		1,932
		H & E Equipment Services, Inc.
	475	7.00%, 09/01/2022		507
		Harron Communications L.P.
	2,325	9.13%, 04/01/2020 ■		2,534
		HCA Holdings, Inc.
	2,530	7.50%, 11/15/2095		2,429
		HCA, Inc.
	120	6.38%, 01/15/2015		121
		Hertz Corp.
	946	7.38%, 01/15/2021 ■		1,001
	430	7.50%, 10/15/2018		447
		IMS Health, Inc.
	2,845	6.00%, 11/01/2020 ■		2,952
		Infor Software Parent LLC
	2,885	7.13%, 05/01/2021 ■		2,921
		Infor US, Inc.
	380	9.38%, 04/01/2019		413
		Intelsat Luxembourg S.A.
	1,065	6.75%, 06/01/2018		1,102
	1,940	7.75%, 06/01/2021		2,028
		International Lease Finance Corp.
	1,015	5.88%, 04/01/2019		1,094
		InVentiv Health, Inc.
	525	9.00%, 01/15/2018 ■		545
		Iron Mountain, Inc.
	30	7.75%, 10/01/2019		32
	610	8.38%, 08/15/2021		635
		Isle of Capri Casinos, Inc.
	850	7.75%, 03/15/2019		893
		J.M. Huber Corp.
	10	9.88%, 11/01/2019 ■		11
		K Hovnanian Enterprises, Inc.
	1,305	7.00%, 01/15/2019 ■		1,272
	176	9.13%, 11/15/2020 ■		191
		KB Home
	1,685	7.00%, 12/15/2021		1,803
	75	7.50%, 09/15/2022		81
	1,075	8.00%, 03/15/2020		1,198
		KB Home & Broad Home Corp.
	216	6.25%, 06/15/2015		221
		Lennar Corp.
	90	5.60%, 05/31/2015		92
		Level 3 Communications, Inc.
	500	11.88%, 02/01/2019		539
		Level 3 Financing, Inc.
	700	8.63%, 07/15/2020		770
	205	9.38%, 04/01/2019		219
		Lin Television Corp.
	3,625	6.38%, 01/15/2021		3,679
		M/I Homes, Inc.
	147	3.00%, 03/01/2018 β		149
		Masco Corp.
	140	4.80%, 06/15/2015		143
		Michaels Stores, Inc.
	1,100	5.88%, 12/15/2020 ■		1,114
		Nationstar Mortgage LLC
	1,045	6.50%, 08/01/2018		1,024
	456	7.88%, 10/01/2020		449
		Navient Corp.
	6,870	5.50%, 01/15/2019		7,123
	840	6.25%, 01/25/2016		874
		NBC Universal Enterprise
	680	5.25%, 12/19/2049 ■		708
		Nortek, Inc.
	650	8.50%, 04/15/2021		699
		Nuveen Investments, Inc.
	630	9.13%, 10/15/2017 ■		673
		Owens-Brockway Glass Container, Inc.
	85	7.38%, 05/15/2016		91
		Party City Holdings, Inc.
	2,915	8.88%, 08/01/2020		3,163
		Pinnacle Merger Sub, Inc.
	2,835	9.50%, 10/01/2023 ■		3,090
		Ply Gem Industries, Inc.
	1,600	6.50%, 02/01/2022		1,574
		Provident Funding Associates L.P.
	3,225	6.75%, 06/15/2021 ■		3,217
		Range Resources Corp.
	15	6.75%, 08/01/2020		16
		Realogy Corp.
	75	7.63%, 01/15/2020 ■		81
		Salix Pharmaceuticals Ltd.
	7,385	6.00%, 01/15/2021 ■		7,994
		Savient Pharmaceuticals, Inc.
	205	0.00%, 02/01/2018 Ω		—
		Service Corp. International
	755	5.38%, 01/15/2022		782
		ServiceMaster (The) Co.
	2,327	7.00%, 08/15/2020		2,461
		Softbrands, Inc.
	475	11.50%, 07/15/2018		525
		Sovereign Capital Trust IV
	125	7.91%, 06/13/2036		133

The accompanying notes are an integral part of these financial statements.

10

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Corporate Bonds - 10.4% - (continued)
		United States - 5.9% - (continued)
		Spectrum Brands, Inc.
$	950	6.38%, 11/15/2020	$	1,007
	940	6.63%, 11/15/2022		1,008
		Sprint Communications, Inc.
	75	9.00%, 11/15/2018 ■		88
		Sprint Corp.
	4,360	7.13%, 06/15/2024 ■		4,480
	670	7.25%, 09/15/2021 ■		708
		Sun Products Corp.
	1,310	7.75%, 03/15/2021 ■		969
		SunGard Data Systems, Inc.
	2,450	6.63%, 11/01/2019		2,536
	2,150	7.38%, 11/15/2018		2,241
		Swiss Re Capital I L.P.
	690	6.85%, 05/25/2016 §♠		725
		Syniverse Holdings, Inc.
	2,640	9.13%, 01/15/2019		2,772
		Tempur Sealy International, Inc.
	395	6.88%, 12/15/2020		422
		Texas Competitive Electric Holdings Co. LLC
	925	11.50%, 10/01/2020 ■Ϫ		742
		T-Mobile USA, Inc.
	575	5.25%, 09/01/2018		597
	785	6.46%, 04/28/2019		818
		TMX Finance LLC
	1,185	8.50%, 09/15/2018 ■		1,155
		United States Steel Corp.
	1,037	7.38%, 04/01/2020		1,161
		Verint Systems, Inc.
	462	1.50%, 06/01/2021 β		515
		Verizon Communications, Inc.
	1,647	5.01%, 08/21/2054 ■		1,676
	6,053	6.55%, 09/15/2043		7,630
		WPX Energy, Inc.
	500	5.25%, 09/15/2024 ☼		488
	1,100	6.00%, 01/15/2022		1,152
				182,029
		Total Corporate Bonds
		(Cost $321,085)	$	319,318
Foreign Government Obligations - 55.9%
		Australia - 7.3%
		Australia (Commonwealth of)
AUD	40,625	2.75%, 04/21/2024	$	34,180
AUD	56,130	4.50%, 04/15/2020		53,391
AUD	69,000	4.75%, 06/15/2016		62,883
AUD	55,200	5.25%, 03/15/2019		53,571
AUD	21,180	5.50%, 04/21/2023		21,794
				225,819
		Brazil - 0.0%
		Brazil (Federative Republic of)
BRL	2,555	10.00%, 01/01/2017		985
		Cyprus - 0.0%
		Cyprus (Republic of)
EUR	955	4.75%, 06/25/2019 §		1,153
		Denmark - 6.3%
		Denmark (Kingdom of)
DKK	249,375	1.50%, 11/15/2023		44,455
DKK	100,000	2.00%, 11/15/2014		16,849
DKK	280,000	2.50%, 11/15/2016		49,532
DKK	51,255	3.00%, 11/15/2021		10,122
DKK	370,705	4.00%, 11/15/2017 - 11/15/2019		73,587
				194,545
		Finland - 7.4%
		Finland (Republic of)
EUR	122,565	1.13%, 09/15/2018 ■		159,668
EUR	52,255	1.50%, 04/15/2023 ■		69,171
				228,839
		Germany - 4.7%
		Germany (Federal Republic of)
EUR	70,545	0.25%, 04/13/2018		89,181
EUR	20,075	1.00%, 02/22/2019		26,175
EUR	21,700	1.50%, 05/15/2024		28,920
				144,276
		Ireland - 0.2%
		Ireland (Republic of)
EUR	3,810	3.40%, 03/18/2024 §		5,463
		Italy - 1.0%
		Italy (Republic of)
EUR	25,000	0.14%, 12/31/2014 ○		31,320
		Mexico - 4.1%
		Mexico (United Mexican States)
MXN	1,306,104	10.00%, 12/05/2024		126,789
		Netherlands - 7.0%
		Netherlands (Government of)
EUR	107,315	1.25%, 01/15/2018 - 01/15/2019 ■		140,344
EUR	27,595	2.00%, 07/15/2024		37,825
EUR	25,430	3.25%, 07/15/2021 ■		37,611
				215,780
		Portugal - 0.3%
		Portugal (Republic of)
EUR	7,775	3.88%, 02/15/2030 ■		9,627
		South Africa - 0.2%
		South Africa (Republic of)
ZAR	29,725	8.00%, 01/31/2030		2,629
ZAR	28,515	10.50%, 12/21/2026		3,104
				5,733
		South Korea - 3.8%
		Korea (Republic of)
KRW	111,200,000	4.25%, 06/10/2021		115,421
		Sweden - 6.6%
		Sweden (Kingdom of)
SEK	332,165	1.50%, 11/13/2023		46,661
SEK	178,815	3.00%, 07/12/2016		25,441
SEK	73,045	3.75%, 08/12/2017		10,896
SEK	762,150	4.25%, 03/12/2019		120,876
				203,874

The accompanying notes are an integral part of these financial statements.

11

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
Foreign Government Obligations - 55.9% - (continued)
		United Kingdom - 7.0%
		United Kingdom (Government of)
GBP	103,090	1.75%, 01/22/2017 - 07/22/2019 §	$	167,072
GBP	29,450	2.75%, 09/07/2024 §		49,185
				216,257
		Total Foreign Government Obligations
		(Cost $1,776,305)	$	1,725,881
Senior Floating Rate Interests ♦ - 2.9%
		Canada - 0.1%
		Burger King Co.
$	2,565	4.50%, 10/27/2021	$	2,562
		Germany - 0.0%
		CeramTec
EUR	103	4.75%, 08/28/2020		129
		Faenza Acquisition Gmbh
EUR	337	4.75%, 08/28/2020		423
				552
		Ireland - 0.0%
		Ardagh Holdings USA, Inc.
	1,279	4.00%, 12/17/2019		1,265
		United States - 2.8%
		99 Cents Only Stores
	1,762	4.50%, 01/11/2019		1,748
		Alliance Laundry Systems LLC
	3,521	4.25%, 12/10/2018		3,479
		AMC Entertainment, Inc.
	867	3.50%, 04/30/2020		855
		American Builders & Contractors Supply Co., Inc.
	1,292	3.50%, 04/16/2020		1,262
		Amscan Holdings, Inc.
	3,410	4.00%, 07/27/2019		3,337
		AmSurg Corp.
	3,387	3.75%, 07/16/2021		3,359
		Apex Tool Group LLC
	2,451	4.50%, 01/31/2020		2,322
		Arch Coal, Inc.
	1,033	6.25%, 05/16/2018		911
		Aristocrat Leisure Ltd.
	4,345	4.75%, 10/20/2021		4,311
		Asurion LLC
	1,934	4.25%, 07/08/2020		1,906
	2,274	5.00%, 05/24/2019		2,274
	350	8.50%, 03/03/2021		356
		Avago Technologies Ltd.
	1,441	3.75%, 05/06/2021		1,436
		Bauer Performance Sports Ltd.
	1,201	4.00%, 04/15/2021		1,191
		Calpine Corp.
	1,028	4.00%, 10/09/2019 - 10/31/2020		1,018
		Chrysler Group LLC
	97	3.50%, 05/24/2017		97
		Community Health Systems, Inc.
	566	4.25%, 01/27/2021		566
		Crosby Worldwide Ltd.
	675	4.00%, 11/23/2020		646
		Darling International, Inc.
EUR	1,866	3.50%, 01/06/2021		2,326
		First Data Corp.
	5,950	3.65%, 03/23/2018 - 09/24/2018		5,890
		Fly Leasing Ltd.
	1,252	4.50%, 08/09/2019		1,251
		Freescale Semiconductor, Inc.
	3,214	4.25%, 02/28/2020		3,167
	1,445	5.00%, 01/15/2021		1,442
		Gardner Denver, Inc.
EUR	1,332	4.75%, 07/30/2020		1,665
		Hilton Worldwide Holdings, Inc.
	1,293	3.50%, 10/26/2020		1,280
		Houghton International, Inc.
	192	4.00%, 12/20/2019		189
		Hyland Software, Inc.
	836	4.75%, 02/19/2021		833
		Interactive Data Corp.
	2,440	4.75%, 05/02/2021		2,439
		Lands' End, Inc.
	3,218	4.25%, 04/04/2021		3,141
		Level 3 Financing, Inc.
	4,075	4.50%, 01/31/2022 ☼		4,091
		Light Tower Fiber LLC
	1,091	4.00%, 04/13/2020		1,078
		MGM Resorts International
	521	3.50%, 12/20/2019		514
		MISYS plc
	515	5.00%, 12/12/2018		515
		Multiplan, Inc.
	3,143	4.00%, 03/31/2021		3,091
		Neiman Marcus (The) Group, Inc.
	3,218	4.25%, 10/25/2020		3,173
		Nortek, Inc.
	2,075	3.75%, 10/30/2020		2,034
		Ply Gem Industries, Inc.
	950	4.00%, 02/01/2021		932
		Realogy Group LLC
	2,544	3.75%, 03/05/2020		2,522
		Rexnord LLC
	2,732	4.00%, 08/21/2020		2,692
		ServiceMaster (The) Co.
	2,935	4.25%, 07/01/2021		2,906
		Signode Industrial Group US, Inc.
EUR	798	4.25%, 05/01/2021		996
		Sprouts Farmers Markets Holdings LLC
	577	4.00%, 04/23/2020		572
		Star West Generation LLC
	752	4.25%, 03/13/2020		744
		Syniverse Holdings, Inc.
	4,483	4.00%, 04/23/2019		4,404
		Tribune Co.
	1,319	4.00%, 12/27/2020		1,307
				86,268
		Total Senior Floating Rate Interests
		(Cost $91,613)	$	90,647

The accompanying notes are an integral part of these financial statements.

12

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬			Market Value ╪
U.S. Government Agencies - 0.2%
		United States - 0.2%
		FHLMC
$	3,691	1.78%, 09/25/2041 ►	$	455
	1,317	1.85%, 08/25/2016 ►		30
	11,435	2.08%, 02/25/2041 ►		1,277
	2,200	2.18%, 12/25/2041 ►		342
	6,088	2.28%, 01/25/2024 ►		1,003
	10,140	2.29%, 12/25/2039 ►		1,315
				4,422
		Total U.S. Government Agencies
		(Cost $4,188)	$	4,422
U.S. Government Securities - 11.7%
		United States - 11.7%
		U.S. Treasury Notes
$	50,000	0.13%, 12/31/2014 ‡Θ	$	50,000
	78,500	0.25%, 05/15/2015		78,555
	85,085	0.38%, 03/15/2016 ╦		85,205
	20,170	0.63%, 04/30/2018		19,781
	76,265	0.75%, 12/31/2017		75,550
	41,890	1.25%, 01/31/2019		41,530
	4,285	1.75%, 05/15/2023 ╦		4,124
	6,085	2.50%, 05/15/2024		6,183
				360,928
		Total U.S. Government Securities
		(Cost $360,540)	$	360,928
Preferred Stocks - 0.1%
		United States - 0.1%
	—	Citigroup Capital XIII	$	1
	111	GMAC Capital Trust I β		2,967
	7	Intelsat S.A., 5.75%  β		358
				3,326
		Total Preferred Stocks
		(Cost $3,291)	$	3,326
		Total Long-Term Investments Excluding Purchased Options
		(Cost $2,957,925)	$	2,906,620
Short-Term Investments - 3.9%
		Repurchase Agreements - 3.9%
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $345, collateralized by U.S. Treasury Note 1.50%, 2019, value of $352)
$	345	0.08%, 10/31/2014	$	345
		Bank of America Merrill Lynch TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,869, collateralized by GNMA 1.63% - 7.00%, 2031 - 2054, value of $5,987)
	5,869	0.09%, 10/31/2014		5,869
		Bank of Montreal  TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,577, collateralized by U.S. Treasury Bond 2.88% - 5.25%, 2029 - 2043, U.S. Treasury Note 0.38% - 4.50%, 2015 - 2022, value of $1,608)
	1,577	0.08%, 10/31/2014		1,577
		Bank of Montreal TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $5,346, collateralized by FHLMC 2.00% - 5.50%, 2022 - 2034, FNMA 2.00% - 4.50%, 2024 - 2039, GNMA 3.00%, 2043, U.S. Treasury Note 4.63%, 2017, value of $5,452)
	5,346	0.10%, 10/31/2014		5,346
		Barclays Capital TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $20,142, collateralized by U.S. Treasury Bond 4.50% - 6.25%, 2023 - 2036, U.S. Treasury Note 1.63% - 2.13%, 2015 - 2019, value of $20,545)
	20,142	0.08%, 10/31/2014		20,142
		Citigroup Global Markets, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $23,151, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.88% - 11.25%, 2015 - 2040, U.S. Treasury Note 2.00% - 3.38%, 2019 - 2021, value of $23,614)
	23,151	0.09%, 10/31/2014		23,151
		Deutsche Bank Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,336, collateralized by U.S. Treasury Note 0.88%, 2017, value of $1,363)
	1,336	0.13%, 10/31/2014		1,336
		RBS Securities, Inc. TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $1,967, collateralized by U.S. Treasury Bond 3.63% - 5.00%, 2037 - 2043, U.S. Treasury Note 2.13%, 2020, value of $2,007)
	1,967	0.07%, 10/31/2014		1,967
		Societe Generale TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $20,724, collateralized by U.S. Treasury Bill 0.02%, 2015, U.S. Treasury Bond 3.75% - 11.25%, 2015 - 2043, U.S. Treasury Note 1.38% - 4.25%, 2015 - 2022, value of $21,139)
	20,724	0.08%, 10/31/2014		20,724

The accompanying notes are an integral part of these financial statements.

13

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Shares or Principal Amount ╬					Market Value ╪
Short-Term Investments - 3.9% - (continued)
		Repurchase Agreements - 3.9% - (continued)
		TD Securities TriParty Repurchase Agreement (maturing on 11/03/2014 in the amount of $40,161, collateralized by FHLMC 3.00% - 4.00%, 2026 - 2044, FNMA 2.50% - 5.00%, 2025 - 2044, U.S. Treasury Bond 3.50% - 6.50%, 2026 - 2041, U.S. Treasury Note 1.75% - 2.88%, 2018 - 2019, value of $40,964)
$	40,161	0.10%, 10/31/2014			$	40,161
						120,618
		Total Short-Term Investments
		(Cost $120,618)			$	120,618
		Total Investments Excluding Purchased Options
		(Cost $3,078,543)	98.1	%	$	3,027,238
		Total Purchased Options
		(Cost $2,182)	0.1	%		1,903
		Total Investments
		(Cost $3,080,725) ▲	98.2	%	$	3,029,141
		Other Assets and Liabilities	1.8	%		58,027
		Total Net Assets	100.0	%	$	3,087,168

The accompanying notes are an integral part of these financial statements.

14

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Note:  Percentage of investments as shown is the ratio of the total market value to total net assets. 

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. 

▲ At October 31, 2014, the cost of securities for federal income tax purposes was $3,081,495 and the aggregate gross unrealized appreciation and depreciation based on that cost were:

Unrealized Appreciation	$	12,101
Unrealized Depreciation		(64,455	)
Net Unrealized Depreciation	$	(52,354	)

╬ All principal amounts are in U.S. dollars unless otherwise indicated.

Ω Debt security in default due to bankruptcy.

Ϫ The issuer is in bankruptcy. The investment held by the Fund has made partial interest payments.

Δ Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2014.

○ The interest rate disclosed for these securities represents the effective yield on the date of the acquisition.

► Securities disclosed are interest-only strips.

♦ Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of October 31, 2014.

■ Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $741,355, which represents 24.0% of total net assets.

§ These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At October 31, 2014, the aggregate value of these securities was $278,919, which represents 9.0% of total net assets.

β Convertible security.

♠ Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

Þ This security may pay interest in the form of additional principal in lieu of cash.

☼ This security, or a portion of this security, was purchased on a when-issued or delayed-delivery basis. The cost of these securities was $10,162 at October 31, 2014.

‡ This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future.

╦ This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

Θ This security, or a portion of this security, has been pledged as collateral in connection with OTC option and/or swaption contracts.

The accompanying notes are an integral part of these financial statements.

15

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Cash and securities pledged and received as collateral in connection with derivatives at October 31, 2014:

	Pledged		Received *
OTC option and/or OTC swap contracts	$	1,741	$	2,186
Futures contracts		15,146		–
Centrally cleared swaps contracts		11,629		–
Total	$	28,516	$	2,186

* Securities valued at $1,151, held on behalf of the Fund at the custodian bank, were designated by broker(s) as collateral in connection with OTC option and/or OTC swap contracts Since the broker retains legal title to the securities, the securities are not considered an asset of the Fund.

OTC Option Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate	Expiration Date	Number of Contracts *		Market Value ╪		Premiums Paid by Fund		Unrealized Appreciation (Depreciation)
Purchased Option contracts:
Calls
CMS Spread Option CMS10/CMS5	BOA	IR	0.76 USD	11/03/14	USD	169,590,000	$	–	$	114	$	(114	)
EUR Call/USD Put	GSC	FX	1.29 USD per EUR	04/15/15	EUR	11,330,000		108		267		(159	)
USD Call/CAD Put æ	JPM	FX	1.11 CAD per USD	01/22/15	USD	391,000		291		91		200
USD Call/CHF  Put И	CBK	FX	1.10 USD per CHF	07/02/15	USD	1,565,000		167		208		(41	)
USD Call/CHF Put И	CBK	FX	1.10 USD per CHF	07/02/15	USD	783,000		83		104		(21	)
USD Call/CNH Put	SCB	FX	6.50 CNH per USD	04/16/15	USD	18,785,000		29		145		(116	)
USD Call/CNY Put	JPM	FX	6.30 CNY per USD	06/15/15	USD	22,650,000		83		105		(22	)
Total Calls						225,094,000	$	761	$	1,034	$	(273	)
Puts
AUD Put/NZD Call	UBS	FX	1.08 NZD per AUD	04/01/15	AUD	16,782,000	$	45	$	94	$	(49	)
AUD Put/NZD Call ₡	JPM	FX	1.08 NZD per AUD	04/01/15	AUD	599,000		62		112		(50	)
EUR Put/USD Call	JPM	FX	1.26 USD per EUR	03/05/15	EUR	10,155,000		282		116		166
EUR Put/USD Call	GSC	FX	1.25 USD per EUR	11/04/14	EUR	458,036		231		75		156
GBP Put/USD Call	GSC	FX	1.60 USD per GBP	03/19/15	GBP	6,120,000		162		94		68
GBP Put/USD Call ₪	JPM	FX	1.50 USD per GBP	07/01/15	GBP	1,140,000		201		227		(26	)
SGD Put/JPY Call	GSC	FX	83.00 JPY per SGD	01/08/15	SGD	19,700,000		17		106		(89	)
USD Put/CHF Call	JPM	FX	0.93 CHF per USD	04/15/15	USD	13,537,000		117		248		(131	)
Total Puts						68,491,036	$	1,117	$	1,072	$	45
Total purchased option contracts						293,585,036	$	1,878	$	2,106	$	(228	)

* The number of contracts does not omit 000's.

æ This security has limitations.  If the CAD per USD exchange rate is greater than or equal to 1.107 at expiration date, the Fund will receive the equivalent of par on the number of contracts traded.

И This security has limitations.  If the USD per CHF exchange rate is greater than or equal to 1.1 at expiration date, the Fund will receive the equivalent of par on the number of contracts traded.

₡ This security has limitations.  If the NZD per AUD exchange rate is greater than or equal to 1.08 at expiration date, the Fund will receive the equivalent of par on the number of contracts traded.

₪ This security has limitations.  If the USD per GBP exchange rate is greater than or equal to 1.5 at expiration date, the Fund will receive the equivalent of par on the number of contracts traded.

OTC Swaption Contracts Outstanding at October 31, 2014

Description	Counter - party	Risk Exposure Category	Exercise Price/ FX Rate/ Rate			Expiration Date	Number of Contracts *		Market Value ╪		Premiums Received/ Paid by Fund Δ		Unrealized Appreciation (Depreciation)
Purchased swaption contracts:
Puts
Credit Default Swaption CDX.NA.IG.23	CSI	CR		75.00	%	11/19/14	USD	90,125,000	$	25	$	76	$	(51	)
Written swaption contracts:
Calls
Credit Default Swaption CDX.NA.IG.23	CSI	CR		65.00	%	11/19/14	USD	90,125,000	$	123	$	90	$	(33	)

* The number of contracts does not omit 000's.

Δ For purchased swaptions, premiums are paid by the Fund, for written swaptions, premiums are received.

The accompanying notes are an integral part of these financial statements.

16

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Futures Contracts Outstanding at October 31, 2014

	Number of		Expiration	Notional		Market		Unrealized Appreciation/(Depreciation)					Variation Margin
Description	Contracts*		Date	Amount		Value ╪		Asset		Liability			Asset		Liability
Long position contracts:
Australian 10-Year Bond Future		274	12/15/2014	$	29,581	$	29,607	$	26	$	–		$	115	$	–
Australian 3-Year Bond Future		1,661	12/15/2014		160,398		160,511		113		–			177		–
Euro-BOBL Future		299	12/08/2014		47,905		47,979		74		–			30		–
U.S. Treasury 10-Year Note Future		4,377	12/19/2014		560,664		553,075		–		(7,589	)		1		(1157	)
U.S. Treasury 5-Year Note Future		935	12/31/2014		112,170		111,667		–		(503	)		–		(137	)
Total								$	213	$	(8,092	)	$	323	$	(1,294	)
Short position contracts:
Euro BUXL 30-Year Bond Future		100	12/08/2014	$	18,123	$	18,211	$	–	$	(88	)	$	53	$	–
Euro FX Currency Future		220	12/15/2014		35,565		34,457		1,108		–			237		–
Euro-BTP Future		69	12/08/2014		11,133		11,269		–		(136	)		337		(739	)
Euro-BUND Future		643	12/08/2014		121,540		121,600		–		(60	)		–		(24	)
Japan 10-Year Bond Future		93	12/11/2014		120,564		121,320		–		(756	)		–		–
Long Gilt Future		1,415	12/29/2014		262,816		260,536		2,280		–			506		–
U.S. Treasury 2-Year Note Future		22	12/31/2014		4,815		4,830		–		(15	)		1		–
U.S. Treasury Long Bond Future		125	12/19/2014		17,699		17,637		62		–			107		(20	)
Total								$	3,450	$	(1,055	)	$	1,241	$	(783	)
Total futures contracts								$	3,663	$	(9,147	)	$	1,564	$	(2,077	)

* The number of contracts does not omit 000's.

OTC Credit Default Swap Contracts Outstanding at October 31, 2014

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied	Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)	Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on indices:
Buy protection:
CMBX.NA.A.7	JPM	USD	1,645	(2.00)%	01/17/47	$	–	$	(35	)	$	(4	)	$	31	$	–
CMBX.NA.AJ.4	DEUT	USD	60	(0.96)%	02/17/51		12		–			12			–		–
CMBX.NA.AJ.4	JPM	USD	1,250	(0.96)%	02/17/51		319		–			243			–		(76	)
CMBX.NA.AS.7	CSI	USD	9,350	(1.00)%	01/17/47		83		–			147			64		–
ITRAXX.SUB.FIN.16	JPM	EUR	155	(5.00)%	12/20/16		2		–			(18	)		–		(20	)
ITRAXX.SUB.FIN.21	DEUT	EUR	6,060	(1.00)%	06/20/19		–		(93	)		(144	)		–		(51	)
Total						$	416	$	(128	)	$	236		$	95	$	(147	)
Sell protection:
CMBX.NA.AAA.6	CSI	USD	12,081	0.50%	05/11/63	$	–	$	(400	)	$	(235	)	$	165	$	–
CMBX.NA.AAA.6	DEUT	USD	22,365	0.50%	05/11/63		–		(815	)		(437	)		378		–
CMBX.NA.AAA.7	CSI	USD	13,195	0.50%	01/17/47		–		(532	)		(385	)		147		–
Total						$	–	$	(1,747	)	$	(1,057	)	$	690	$	–
Total traded indices						$	416	$	(1,875	)	$	(821	)	$	785	$	(147	)
Credit default swaps on single-name issues:
Buy protection:
Ally Financial, Inc.	MSC	USD	1,970	(5.00)% / (1.55)%	12/20/19	$	–	$	(306	)	$	(325	)	$	–	$	(19	)
Australia & New Zealand Banking Group Ltd.	DEUT	USD	3,350	(1.00)% / (0.71)%	12/20/19		–		(40	)		(48	)		–		(8	)
Avis Budget Group, Inc.	BOA	USD	75	(5.00)% / (1.11)%	03/20/17		3		–			(7	)		–		(10	)
Beazer Homes USA, Inc.	BOA	USD	1,620	(5.00)% / (3.56)%	12/20/18		–		(15	)		(90	)		–		(75	)
CenturyLink. Inc.	DEUT	USD	2,970	(1.00)% / (1.61)%	09/20/19		111		–			84			–		(27	)
Commonwealth Bank of Australia	DEUT	USD	3,450	(1.00)% / (0.70)%	12/20/19		–		(42	)		(51	)		–		(9	)
Dish DBS Corp.	BCLY	USD	2,895	(5.00)% / (1.88)%	12/20/19		–		(377	)		(434	)		–		(57	)
Domtar Corp.	GSC	USD	55	(1.00)% / (0.48)%	12/20/16		2		–			(1	)		–		(3	)
First Data Corp.	MSC	USD	5,450	(5.00)% / (1.65)%	09/20/17		–		(477	)		(517	)		–		(40	)
Freescale Semiconductors, Inc.	JPM	USD	5,000	(5.00)% / (1.65)%	12/20/17		–		(523	)		(513	)		10		–

The accompanying notes are an integral part of these financial statements.

17

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

OTC Credit Default Swap Contracts Outstanding at October 31, 2014 - (continued)

	Counter-	Notional		(Pay)/ Receive Fixed Rate/ Implied	Expiration	Upfront Premiums		Upfront Premiums			Market			Unrealized Appreciation/ (Depreciation)
Reference Entity	party	Amount (a)		Credit Spread (b)	Date	Paid		Received			Value ╪			Asset		Liability
Credit default swaps on single-name issues: - (continued)
Buy protection: - (continued)
Freescale Semiconductors, Inc.	JPM	USD	2,000	(5.00)% / (1.65)%	12/20/17	$	–	$	(159	)	$	(205	)	$	–	$	(46	)
Frontier Communications Co.	BOA	USD	625	(5.00)% / (1.29)%	09/20/17		19		–			(66	)		–		(85	)
National Australia Bank Ltd.	DEUT	USD	3,350	(1.00)% / (0.73)%	12/20/19		–		(41	)		(45	)		–		(4	)
Peugeot S.A.	CBK	EUR	70	(1.00)% / (1.30)%	12/20/16		18		–			1			–		(17	)
Rite Aid Corp.	GSC	USD	105	(5.00)% / (1.46)%	06/20/17		8		–			(10	)		–		(18	)
Ryland Group, Inc.	DEUT	USD	3,400	(5.00)% / (1.34)%	12/20/17		–		(363	)		(382	)		–		(19	)
Ryland Group, Inc.	DEUT	USD	4,000	(5.00)% / (1.26)%	09/20/17		–		(391	)		(427	)		–		(36	)
Telefonica S.A.	CSI	EUR	2,925	(1.00)% / (0.85)%	06/20/19		6		–			(24	)		–		(30	)
Tenet Healthcare Corp.	MSC	USD	3,275	(5.00)% / (1.39)%	12/20/17		–		(312	)		(363	)		–		(51	)
Westpac Banking Corp.	DEUT	USD	3,350	(1.00)% / (0.71)%	12/20/19		–		(40	)		(49	)		–		(9	)
Total						$	167	$	(3,086	)	$	(3,472	)	$	10	$	(563	)
Sell protection:
First Data Corp.	JPM	USD	5,450	5.00% / 3.45%	12/20/19	$	360	$	–		$	390		$	30	$	–
Freescale Semiconductors, Inc.	GSC	USD	2,600	5.00% / 3.25%	12/20/19		240		–			212			–		(28	)
Freescale Semiconductors, Inc.	JPM	USD	2,000	5.00% / 3.25%	12/20/19		81		–			163			82		–
Freescale Semiconductors, Inc.	JPM	USD	5,650	5.00% / 3.25%	12/20/19		485		–			461			–		(24	)
Gannett Co., Inc.	GSC	USD	3,225	5.00% / 2.18%	12/20/19		420		–			435			15		–
K Hovnanian Enterprises, Inc.	BOA	USD	1,650	5.00% / 4.56%	12/20/18		–		(39	)		27			66		–
Koninklijke KPN, N.V.	CSI	EUR	2,925	1.00% / 0.87%	06/20/19		–		(10	)		21			31		–
Liberty Interactive LLC	GSC	USD	4,200	5.00% / 2.40%	12/20/19		442		–			520			78		–
Rite Aid Corp.	GSC	USD	1,065	5.00% / 3.41%	12/20/19		55		–			79			24		–
Ryland Group, Inc.	DEUT	USD	3,400	5.00% / 2.64%	12/20/19		316		–			378			62		–
Ryland Group, Inc.	DEUT	USD	4,000	5.00% / 2.52%	09/20/19		369		–			451			82		–
Tenet Healthcare Corp.	MSC	USD	3,275	5.00% / 2.72%	12/20/19		243		–			352			109		–
Total						$	3,011	$	(49	)	$	3,489		$	579	$	(52	)
Total single-name issues						$	3,178	$	(3,135	)	$	17		$	589	$	(615	)
						$	3,594	$	(5,010	)	$	(804	)	$	1,374	$	(762	)

(a) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(b) Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on October 31, 2014. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk.

The accompanying notes are an integral part of these financial statements.

18

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2014

Clearing

Notional

(Pay)/ Receive Fixed

Expiration

Market

Unrealized Appreciation/ (Depreciation)

Variation Margin

Reference Entity

House (a)

Amount (b)

Rate

Date

Cost Basis

Value ╪

Asset

Liability

Asset

Liability

Credit default swaps on indices:

Buy protection:

CDX.NA.HY.22

CME

USD

1,059

(5.00

)%

06/20/19

$

(63

)

$

(79

)

$

–

$

(16

)

$

–

$

(4

)

(a) The FCM to the contracts is MSC.

(b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

OTC Interest Rate Swap Contracts Outstanding at October 31, 2014

Payments made

Payments received

Notional

Expiration

Upfront Premiums

Upfront Premiums

Market

Unrealized Appreciation/(Depreciation)

Counterparty

by Fund

by Fund

Amount

Date

Paid

Received

Value ╪

Asset

Liability

CBK

6M WIBOR PLN

1.66% Fixed

PLN

38,340

12/17/16

$

–

$

–

$

(3

)

$

–

$

(3

)

DEUT

KRW CD KSDA

2.36% Fixed

KRW

12,469,730

12/17/19

–

–

77

77

–

DEUT

KRW CD KSDA

2.41% Fixed

KRW

25,933,045

12/17/19

–

–

217

217

–

DEUT

KRW CD KSDA

2.51% Fixed

KRW

9,889,775

12/17/19

–

–

126

126

–

DEUT

KRW CD KSDA

2.76% Fixed

KRW

6,373,270

12/17/24

–

–

154

154

–

DEUT

KRW CD KSDA

2.85% Fixed

KRW

8,719,590

12/17/24

–

–

277

277

–

JPM

6M WIBOR PLN

1.67% Fixed

PLN

37,790

12/17/16

–

–

–

–

–

JPM

KRW CD KSDA

2.21% Fixed

KRW

9,352,300

12/17/19

–

–

–

–

–

JPM

KRW CD KSDA

2.39% Fixed

KRW

20,783,005

12/17/19

–

–

151

151

–

JPM

KRW CD KSDA

2.51% Fixed

KRW

9,779,950

12/17/19

–

–

126

126

–

JPM

KRW CD KSDA

2.60% Fixed

KRW

28,784,180

12/17/19

–

–

479

479

–

Total

$

–

$

–

$

1,604

$

1,607

$

(3

)

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2014
Clearing	Payments made	Payments received	Notional		Expiration	Upfront Premiums Paid			Market			Unrealized Appreciation/ (Depreciation)					Variation Margin
House (a)	by Fund	by Fund	Amount		Date	(Received)			Value ╪			Asset		Liability			Asset		Liability
LCH	6M EURIBOR	2.00% Fixed	EUR	21,655	12/18/24	$	128		$	323		$	195	$	–		$	–	$	(5	)
LCH	6M GBP LIBOR	2.13% Fixed	GBP	37,230	12/21/18		(13	)		(49	)		–		(36	)		–		(53	)
LCH	6M GBP LIBOR	2.34% Fixed	GBP	61,685	12/18/20		–			(323	)		–		(323	)		–		(26	)
LCH	6M GBP LIBOR	2.45% Fixed	GBP	511,850	12/21/18		3,363			4,281			918		–			–		(553	)
LCH	6M GBP LIBOR	2.53% Fixed	GBP	61,185	12/18/20		–			(151	)		–		(151	)		–		(27	)
Total						$	3,478		$	4,081		$	1,113	$	(510	)	$	–	$	(664	)

(a) The FCM to the contracts is MSC.

Foreign Currency Contracts Outstanding at October 31, 2014

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
AUD	Buy	11/28/2014	BCLY	$	3,185	$	3,193	$	8	$	–
AUD	Buy	11/28/2014	BOA		9,282		9,206		–		(76	)
AUD	Buy	11/28/2014	JPM		6,903		6,905		2		–
AUD	Buy	11/28/2014	JPM		6,936		6,905		–		(31	)
AUD	Sell	11/28/2014	CBA		23,755		23,832		–		(77	)
AUD	Sell	11/28/2014	JPM		1,675		1,669		6		–
AUD	Sell	11/28/2014	NAB		254,001		255,309		–		(1,308	)
BRL	Sell	12/02/2014	UBS		1,121		1,043		78		–
CAD	Buy	11/28/2014	RBC		4,487		4,460		–		(27	)

The accompanying notes are an integral part of these financial statements.

19

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

Unrealized Appreciation/(Depreciation)

Currency

Buy / Sell

Delivery Date

Counterparty

Contract Amount

Market Value ╪

Asset

Liability

CHF

Buy

11/28/2014

GSC

$

61,292

$

60,672

$

–

$

(620

)

CHF

Buy

11/28/2014

HSBC

63,997

63,468

–

(529

)

CHF

Sell

11/28/2014

HSBC

9,547

9,469

78

–

CNH

Sell

11/28/2014

HSBC

8,775

8,772

3

–

DKK

Sell

11/28/2014

BCLY

5,708

5,655

53

–

DKK

Sell

11/17/2014

BOA

18,684

17,176

1,508

–

DKK

Sell

11/28/2014

GSC

177,644

175,635

2,009

–

EUR

Buy

11/28/2014

BCLY

50,622

49,785

–

(837

)

EUR

Buy

11/28/2014

CBA

13,202

13,021

–

(181

)

EUR

Buy

11/28/2014

DEUT

8,985

8,868

–

(117

)

EUR

Buy

11/28/2014

GSC

61,257

60,625

–

(632

)

EUR

Buy

11/28/2014

HSBC

3,405

3,368

–

(37

)

EUR

Buy

11/28/2014

JPM

64,236

63,560

–

(676

)

EUR

Buy

11/03/2014

SSG

–

–

–

–

EUR

Buy

11/28/2014

UBS

6,882

6,820

–

(62

)

EUR

Buy

11/28/2014

WEST

4,603

4,556

–

(47

)

EUR

Sell

11/28/2014

CBA

119,758

118,402

1,356

–

EUR

Sell

11/28/2014

CBK

119,720

118,413

1,307

–

EUR

Sell

11/28/2014

DEUT

119,688

118,419

1,269

–

EUR

Sell

11/28/2014

JPM

135,378

134,026

1,352

–

EUR

Sell

11/28/2014

MSC

119,680

118,420

1,260

–

EUR

Sell

11/28/2014

RBC

119,720

118,413

1,307

–

EUR

Sell

11/28/2014

UBS

37,408

37,072

336

–

GBP

Buy

11/28/2014

BOA

4,538

4,499

–

(39

)

GBP

Buy

11/28/2014

SSG

13,757

13,645

–

(112

)

GBP

Sell

11/28/2014

BOA

4,403

4,392

11

–

GBP

Sell

11/28/2014

CBK

257,892

257,522

370

–

GBP

Sell

11/28/2014

DEUT

2,471

2,471

–

–

GBP

Sell

11/28/2014

HSBC

6,795

6,788

7

–

GBP

Sell

11/28/2014

JPM

1,784

1,783

1

–

GBP

Sell

11/28/2014

UBS

7,415

7,399

16

–

JPY

Buy

11/28/2014

JPM

2,198

2,185

–

(13

)

JPY

Buy

11/28/2014

RBS

60,558

58,225

–

(2,333

)

JPY

Sell

11/28/2014

JPM

13,466

13,456

10

–

KRW

Sell

11/28/2014

BCLY

13,825

13,599

226

–

KRW

Sell

11/28/2014

HSBC

168,935

167,196

1,739

–

MXN

Sell

11/28/2014

BCLY

6,033

6,072

–

(39

)

MXN

Sell

11/28/2014

MSC

136,502

137,319

–

(817

)

NOK

Buy

11/28/2014

CBK

52,627

51,242

–

(1,385

)

NOK

Buy

11/28/2014

JPM

4,572

4,590

18

–

NOK

Sell

11/28/2014

CBK

4,568

4,448

120

–

NOK

Sell

11/28/2014

GSC

52,460

51,242

1,218

–

NOK

Sell

11/28/2014

MSC

142

142

–

–

NZD

Buy

11/28/2014

JPM

9,173

9,169

–

(4

)

NZD

Sell

11/28/2014

BOA

4,501

4,503

–

(2

)

NZD

Sell

11/28/2014

JPM

13,738

13,636

102

–

NZD

Sell

11/28/2014

MSC

4,532

4,504

28

–

NZD

Sell

11/28/2014

WEST

63,528

62,938

590

–

PLN

Buy

11/28/2014

HSBC

104

103

–

(1

)

PLN

Buy

11/28/2014

JPM

9,193

9,125

–

(68

)

PLN

Sell

11/28/2014

HSBC

9,007

8,937

70

–

PLN

Sell

11/28/2014

MSC

188

188

–

–

SEK

Buy

11/28/2014

BOA

299

297

–

(2

)

SEK

Buy

11/28/2014

CSFB

75,604

74,283

–

(1,321

)

SEK

Sell

11/28/2014

BOA

4,468

4,410

58

–

SEK

Sell

11/28/2014

CBA

10,534

10,361

173

–

SEK

Sell

11/28/2014

CSFB

198,798

195,326

3,472

–

SEK

Sell

11/28/2014

GSC

57,694

56,725

969

–

SEK

Sell

11/28/2014

SSG

13,564

13,446

118

–

The accompanying notes are an integral part of these financial statements.

20

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Foreign Currency Contracts Outstanding at October 31, 2014 - (continued)

								Unrealized Appreciation/(Depreciation)
Currency	Buy / Sell	Delivery Date	Counterparty	Contract Amount		Market Value ╪		Asset		Liability
SEK	Sell	11/28/2014	UBS	$	3,162	$	3,169	$	–	$	(7	)
SGD	Sell	11/28/2014	HSBC		12,587		12,476		111		–
TRY	Buy	11/28/2014	BOA		9,161		9,138		–		(23	)
TRY	Sell	11/28/2014	CBK		9,086		9,137		–		(51	)
ZAR	Sell	11/28/2014	DEUT		5,947		5,856		91		–
Total								$	21,450	$	(11,474	)

╪ See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities.

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BCLY	Barclays
BOA	Banc of America Securities LLC
CBA	Commonwealth Bank of Australia
CBK	Citibank NA
CME	Chicago Mercantile Exchange
CSFB	Credit Suisse First Boston Corp.
CSI	Credit Suisse International
DEUT	Deutsche Bank Securities, Inc.
FCM	Futures Commission Merchant
GSC	Goldman Sachs & Co.
HSBC	HSBC Bank USA
JPM	JP Morgan Chase & Co.
LCH	LCH Clearnet
MSC	Morgan Stanley
NAB	National Australia Bank Limited
RBC	RBC Dominion Securities, Inc.
RBS	RBS Greenwich Capital
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
UBS	UBS AG
WEST	Westpac International
Currency Abbreviations:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CNH	Chinese Yuan Renminbi - Hong Kong
CNY	Chinese Yuan Renminbi
DKK	Danish Krone
EUR	EURO
GBP	British Pound
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican New Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PLN	Polish New Zloty
SEK	Swedish Krona
SGD	Singapore Dollar
TRY	Turkish New Lira
USD	U.S. Dollar
ZAR	South African Rand
Index Abbreviations:
CDX.NA.HY	Credit Derivatives North American High Yield
CDX.NA.IG	Credit Derivatives North American Investment Grade
CMBX.NA	Markit Commercial Mortgage Backed North American
ITRAXX.SUB.FIN	Markit iTraxx - Europe Sub Financials
Other Abbreviations:
CD	Certificate of Deposit
CLO	Collateralized Loan Obligation
CMS	Constant Maturity Swap
CR	Credit
EURIBOR	Euro Interbank Offered Rate
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
IR	Interest Rate
KSDA	Korea Securities Dealers Association
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
WIBOR	Warsaw Interbank Offered Rate

The accompanying notes are an integral part of these financial statements.

21

The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2014

(000’s Omitted)

Investment Valuation Hierarchy Level Summary

October 31, 2014

	Total		Level 1 ♦		Level 2 ♦		Level 3
Assets:
Asset and Commercial Mortgage Backed Securities	$	402,098	$	–	$	371,163	$	30,935
Corporate Bonds		319,318		–		319,318		–
Foreign Government Obligations		1,725,881		–		1,725,881		–
Preferred Stocks		3,326		3,326		–		–
Senior Floating Rate Interests		90,647		–		90,647		–
U.S. Government Agencies		4,422		–		4,422		–
U.S. Government Securities		360,928		–		360,928		–
Short-Term Investments		120,618		–		120,618		–
Purchased Options		1,903		–		1,903		–
Total	$	3,029,141	$	3,326	$	2,994,880	$	30,935
Foreign Currency Contracts *	$	21,450	$	–	$	21,450	$	–
Futures *		3,663		3,663		–		–
Swaps - Credit Default *		1,374		–		1,374		–
Swaps - Interest Rate *		2,720		–		2,720		–
Total	$	29,207	$	3,663	$	25,544	$	–
Liabilities:
Written Options	$	123		–	$	123	$	–
Total	$	123	$	–	$	123	$	–
Foreign Currency Contracts *	$	11,474	$	–	$	11,474	$	–
Futures *		9,147		9,147		–		–
Swaps - Credit Default *		778		–		778		–
Swaps - Interest Rate *		513		–		513		–
Total	$	21,912	$	9,147	$	12,765	$	–

♦ For the year ended October 31, 2014, investments valued at $14,731 were transferred from Level 1 to Level 2, and investments valued at $377 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

1) Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

2) U.S. Treasury securities that no longer represent the most recent issue (transfer into Level 2).

3) Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

* Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

	Balance as of October 31, 2013		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Net Amortization		Purchases		Sales			Transfers Into Level 3 *		Transfers Out of Level 3 *			Balance as of October 31, 2014
Assets:
Asset & Commercial Mortgage Backed Securities	$	21,272	$	603	$	706	†	$	443	$	22,842	$	(9,953	)	$	2,142	$	(7,120	)	$	30,935
Corporate Bonds		3,551		—		—			—		—		—			—		(3,551	)		—
Total	$	24,823	$	603	$	706		$	443	$	22,842	$	(9,953	)	$	2,142	$	(10,671	)	$	30,935

* Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

1) Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

2) Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

3) Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

† Change in unrealized appreciation (depreciation) in the current period relating to assets still held at October 31, 2014 was $779.

Note: For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.

22

The Hartford World Bond Fund

Statement of Assets and Liabilities

October 31, 2014

(000’s Omitted)

Assets:
Investments in securities, at market value (cost $3,080,725)	$	3,029,141
Cash		28,516	*
Foreign currency on deposit with custodian (cost $18)		18
Unrealized appreciation on foreign currency contracts		21,450
Unrealized appreciation on OTC swap contracts		2,981
Receivables:
Investment securities sold		12,958
Fund shares sold		15,722
Dividends and interest		26,443
Variation margin on financial derivative instruments		1,564
OTC swap premiums paid		3,594
Other assets		148
Total assets		3,142,535
Liabilities:
Unrealized depreciation on foreign currency contracts		11,474
Unrealized depreciation on OTC swap contracts		765
Bank overdraft		9,755
Payables:
Investment securities purchased		15,434
Fund shares redeemed		8,141
Investment management fees		361
Dividends		—
Administrative fees		—
Distribution fees		55
Collateral received from broker		1,035
Variation margin on financial derivative instruments		2,745
Accrued expenses		336
OTC swap premiums received		5,010
Written option contracts (proceeds $90)		123
Other liabilities		133
Total liabilities		55,367
Net assets	$	3,087,168
Summary of Net Assets:
Capital stock and paid-in-capital	$	3,057,044
Undistributed net investment income		71,231
Accumulated net realized gain		4,075
Unrealized depreciation of investments and the translation of assets and liabilities denominated in foreign currency		(45,182	)
Net assets	$	3,087,168

^* Cash of $28,516 was pledged as collateral for open financial derivative instruments at October 31, 2014.

The accompanying notes are an integral part of these financial statements.

23

The Hartford World Bond Fund

Statement of Assets and Liabilities – (continued)

October 31, 2014

(000’s Omitted) 

Shares authorized		650,000
Par value	$	0.001
Class A: Net asset value per share/Maximum offering price per share		$10.76/$11.27
Shares outstanding		39,277
Net assets	$	422,689
Class C: Net asset value per share	$	10.74
Shares outstanding		16,675
Net assets	$	179,147
Class I: Net asset value per share	$	10.77
Shares outstanding		182,568
Net assets	$	1,966,455
Class R3: Net asset value per share	$	10.77
Shares outstanding		70
Net assets	$	759
Class R4: Net asset value per share	$	10.78
Shares outstanding		67
Net assets	$	725
Class R5: Net asset value per share	$	10.76
Shares outstanding		21
Net assets	$	226
Class Y: Net asset value per share	$	10.77
Shares outstanding		48,006
Net assets	$	517,167

The accompanying notes are an integral part of these financial statements.

24

The Hartford World Bond Fund

Statement of Operations

For the Year Ended October 31, 2014

(000’s Omitted)

Investment Income:
Dividends	$	145
Interest		50,033
Less: Foreign tax withheld		(516	)
Total investment income		49,662
Expenses:
Investment management fees		14,292
Administrative services fees
Class R3		1
Class R4		1
Class R5		—
Transfer agent fees
Class A		523
Class C		164
Class I		1,170
Class R3		—
Class R4		—
Class R5		—
Class Y		6
Distribution fees
Class A		1,214
Class C		1,749
Class R3		3
Class R4		2
Custodian fees		90
Accounting services fees		464
Registration and filing fees		248
Board of Directors' fees		57
Audit fees		27
Other expenses		322
Total expenses (before waivers and fees paid indirectly)		20,333
Expense waivers		(1	)
Management fee waivers		(661	)
Custodian fee offset		—
Total waivers and fees paid indirectly		(662	)
Total expenses, net		19,671
Net Investment Income		29,991
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain on investments		16,195
Net realized loss on purchased option contracts		(2,060	)
Net realized loss on TBA sale transactions		(1,278	)
Net realized loss on futures contracts		(4,733	)
Net realized gain on written option contracts		477
Net realized loss on swap contracts		(3,467	)
Net realized gain on foreign currency contracts		105,825
Net realized loss on other foreign currency transactions		(178	)
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		110,781
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized depreciation of investments		(73,918	)
Net unrealized appreciation of purchased option contracts		304
Net unrealized depreciation of futures contracts		(938	)
Net unrealized depreciation of written option contracts		(204	)
Net unrealized appreciation of swap contracts		4,463
Net unrealized depreciation of foreign currency contracts		(5,703	)
Net unrealized depreciation of translation of other assets and liabilities in foreign currencies		(1,607	)
Net Changes in Unrealized Depreciation of Investments, Other Financial Instruments and Foreign Currency Transactions		(77,603	)
Net Gain on Investments, Other Financial Instruments and Foreign Currency Transactions		33,178
Net Increase in Net Assets Resulting from Operations	$	63,169

The accompanying notes are an integral part of these financial statements.

25

The Hartford World Bond Fund

Statement of Changes in Net Assets

(000’s Omitted)

	For the Year Ended October 31, 2014			For the Year Ended October 31, 2013
Operations:
Net investment income	$	29,991		$	15,794
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		110,781			(18,390	)
Net unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(77,603	)		17,614
Net Increase in Net Assets Resulting from Operations		63,169			15,018
Distributions to Shareholders:
From net investment income
Class A		(5,721	)		(6,063	)
Class C		(785	)		(1,266	)
Class I		(17,983	)		(12,578	)
Class R3		(5	)		(5	)
Class R4		(10	)		(10	)
Class R5		(4	)		(8	)
Class Y		(6,521	)		(4,593	)
Total from net investment income		(31,029	)		(24,523	)
From net realized gain on investments
Class A		(1,501	)		(2,916	)
Class C		(544	)		(1,137	)
Class I		(3,043	)		(4,780	)
Class R3		(2	)		(14	)
Class R4		(3	)		(16	)
Class R5		(1	)		(14	)
Class Y		(1,138	)		(2,063	)
Total from net realized gain on investments		(6,232	)		(10,940	)
Total distributions		(37,261	)		(35,463	)
Capital Share Transactions:
Class A		(65,734	)		236,592
Class C		(772	)		82,938
Class I		1,063,184			479,276
Class R3		232			(773	)
Class R4		(262	)		(361	)
Class R5		(149	)		(898	)
Class Y		171,691			145,527
Net increase from capital share transactions		1,168,190			942,301
Net Increase in Net Assets		1,194,098			921,856
Net Assets:
Beginning of period		1,893,070			971,214
End of period	$	3,087,168		$	1,893,070
Undistributed (distributions in excess of) net investment income	$	71,231		$	(2,318	)

The accompanying notes are an integral part of these financial statements.

26

The Hartford World Bond Fund

Notes to Financial Statements

October 31, 2014

(000’s Omitted)

Organization:

The Hartford Mutual Funds, Inc. (“Company”) is an open-end management investment company comprised of forty-two portfolios. Financial statements for The Hartford World Bond Fund (the "Fund"), a series of the Company, are included in this report.

The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”). The Fund is a non-diversified open-end management investment company. The Fund is an investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services - Investment Companies.

Class A shares are sold with a front-end sales charge of up to 4.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class I shares are sold without sales charges to certain eligible investors primarily through advisory fee-based wrap programs. Class R3, R4 and R5 shares, which are offered to employer-sponsored retirement plans, and Class Y shares, which are sold to certain eligible institutional investors, are sold without a sales charge.  All classes of shares have identical voting, redemption, dividend, liquidation and other rights and the same terms and conditions, with the exceptions that each class may have different expenses, which may affect performance.

Significant Accounting Policies:

The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The per share net asset value ("NAV") of each class of the Fund's shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio investments and other assets held by the Fund's portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the Company's Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund's portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. There can be no assurance that the Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by the Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the Company's Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, the Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which

27

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of OTC options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Company's Board of Directors.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

28

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The Board of Directors of the Company generally reviews and approves the “Procedures for Valuation of Portfolio Securities” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include the Fund's Treasurer or designee and a Vice President of the investment manager or designee. An Assistant Vice President of the Fund with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, the Fund’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Company's Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” test). The Board of Directors then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Investment Valuation Hierarchy Level Summary and the Level 3 roll-forward reconciliation, if applicable, which follow the Schedule of Investments.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into.

Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

The Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

29

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for the Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund.

Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the Company's Board of Directors based upon the investment performance of the Fund. Normally, dividends from net investment income are declared and paid monthly. Dividends from realized gains, if any, are paid at least once a year.

Net investment income, dividends and distributions from net realized gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts).

Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk - that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of October 31, 2014.

Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Company's Board of Directors. The Fund, as shown on the Schedule of Investments, had illiquid or restricted investments as of October 31, 2014.

30

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund, as shown on the Schedule of Investments, had when-issued or delayed-delivery investments as of October 31, 2014.

In connection with the Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although the Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, the Fund realizes a gain or loss. In a TBA roll transaction, the Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

The Fund may enter into “dollar rolls” in which the Fund sells securities and contracts with the same counterparty to repurchase substantially similar securities (for example, same issuer, coupon and maturity) on a specified future date at an agreed upon price. The Fund gives up the right to receive interest paid on the investments sold. The Fund would benefit to the extent of any differences between the price received for the security and the lower forward price for the future purchase. Dollar rolls involve the risk that the market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Fund records dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. These transactions are excluded from the Fund’s portfolio turnover rate. The Fund had no open TBA commitments or dollar rolls as of October 31, 2014.

Senior Floating Rate Interests – The Fund may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to the assets held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. The Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. The Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, the Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid are recorded as a component of income or realized gain/loss in the Statement of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests the risk of default is higher, and generally pay higher interest rates than investment-grade debt securities. A default could lead to non-payment of income or principal, which would result in a reduction of investment income to the Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. The Fund, as shown on the Schedule of Investments, had senior floating rate interests as of October 31, 2014.

Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage

31

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and other similar financial institutions. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had outstanding mortgage related and other asset backed securities as of October 31, 2014.

Inflation Indexed Bonds – The Fund may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as interest income on the Statement of Operations, even though investors do not receive the principal amount until maturity. The Fund had no inflation indexed bonds as of October 31, 2014.

Financial Derivative Instruments:

The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of the Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by the Fund as an unrealized gain or loss. The Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. The Fund, as shown on the Schedule of Investments, had outstanding foreign currency contracts as of October 31, 2014.

Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statement of

32

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of October 31, 2014.

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Options contracts are either privately negotiated in the over-the-counter market ("OTC options") or executed in a registered exchange ("exchange traded options"). The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

The Fund, as shown on the Schedule of Investments, had outstanding purchased and written option contracts as of October 31, 2014. Transactions involving written option contracts during the year ended October 31, 2014, are summarized below:

Options Contract Activity During the Year Ended October 31, 2014:
Call Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		12,045,000		$	267
Written		149,775,486			242
Expired		(12,045,000	)		(267	)
Closed		(59,650,486	)		(152	)
Exercised		—			—
End of period		90,125,000		$	90

Put Options Written During the Year	Number of Contracts*			Premium Amounts
Beginning of the period		1,628		$	108
Written		—			—
Expired		(1,628	)		(108	)
Closed		—			—
Exercised		—			—
End of period		—		$	—

* The number of contracts does not omit 000's.

Swap Contracts – The Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). The Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In

33

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Company's Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statement of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statement of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statement of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statement of Operations. Net periodic payments received or paid by the Fund are included as part of realized gains or losses on the Statement of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

The Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between the Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statement of Assets and Liabilities, as applicable) as well as the posting of collateral to the Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while the Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows the Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statement of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

34

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedule of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. The Fund, as shown on the Schedule of Investments, had outstanding credit default swap contracts as of October 31, 2014.

Interest Rate Swap Contracts – The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because the Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the  Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. The Fund, as shown on the  Schedule of Investments, had outstanding interest rate swap contracts as of October 31, 2014.

Additional Derivative Instrument Information:

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased option contracts), market value	$	—	$	1,878	$	25	$	—	$	—	$	—	$	1,903
Unrealized appreciation on foreign currency contracts		—		21,450		—		—		—		—		21,450
Unrealized appreciation on OTC swap contracts		1,607		—		1,374		—		—		—		2,981
Variation margin receivable *		1,564		—		—		—		—		—		1,564
Total	$	3,171	$	23,328	$	1,399	$	—	$	—	$	—	$	27,898
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	11,474	$	—	$	—	$	—	$	—	$	11,474
Unrealized depreciation on OTC swap contracts		3		—		762		—		—		—		765
Variation margin payable *		2,741		—		4		—		—		—		2,745
Written option contracts, market value		—		—		123		—		—		—		123
Total	$	2,744	$	11,474	$	889	$	—	$	—	$	—	$	15,107

* Only current day's variation margin is reported within the Statement of Assets and Liabilities. The variation margin is included in the open futures net cumulative depreciation of $(5,484) and open centrally cleared swaps net cumulative appreciation of $587 as reported in the Schedule of Investments.

35

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the year ended October 31, 2014.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2014:

	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts			Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on purchased option contracts	$	(480	)	$	(1,641	)	$	61		$	—	$	—	$	—	$	(2,060	)
Net realized gain (loss) on futures contracts		(6,613	)		1,880			—			—		—		—		(4,733	)
Net realized gain on written option contracts		163			267			47			—		—		—		477
Net realized loss on swap contracts		(2,201	)		—			(1,266	)		—		—		—		(3,467	)
Net realized gain on foreign currency contracts		—			105,825			—			—		—		—		105,825
Total	$	(9,131	)	$	106,331		$	(1,158	)	$	—	$	—	$	—	$	96,042
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of purchased option contracts	$	(43	)	$	398		$	(51	)	$	—	$	—	$	—	$	304
Net change in unrealized depreciation of futures contracts		(938	)		—			—			—		—		—		(938	)
Net change in unrealized appreciation (depreciation) of written option contracts		44			(215	)		(33	)		—		—		—		(204	)
Net change in unrealized appreciation of swap contracts		3,335			—			1,128			—		—		—		4,463
Net change in unrealized depreciation of foreign currency contracts		—			(5,703	)		—			—		—		—		(5,703	)
Total	$	2,398		$	(5,520	)	$	1,044		$	—	$	—	$	—	$	(2,078	)

Balance Sheet Offsetting Information - The following discloses both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and the Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of the Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. The Fund is required to deposit financial collateral (including cash collateral) at the FCM's custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in the bankruptcy proceedings of a counterparty.

Offsetting of Financial Assets and Derivative Assets as of October 31, 2014:

	Gross Amounts* of Assets Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Received			Cash Collateral Received			Net Amount (not less than $0)
Description
OTC purchased option and OTC swap contracts at market value	$	7,486	$	(2,909	)	$	(1,151	)	$	(1,035	)	$	2,391
Futures contracts - variation margin receivable		1,564		(1,564	)		—			—			—
Unrealized appreciation on foreign currency contracts		21,450		(7,244	)		—			—			14,206
Total subject to a master netting or similar arrangement	$	30,500	$	(11,717	)	$	(1,151	)	$	(1,035	)	$	16,597

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

36

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Offsetting of Financial Liabilities and Derivative Liabilities as of October 31, 2014:

	Gross Amounts* of Liabilities Presented in Statement of Assets and Liabilities		Financial Instruments with Allowable Netting			Non-cash Collateral Pledged		Cash Collateral Pledged			Net Amount (not less than $0)
Description
OTC written option and OTC swap contracts at market value	$	4,906	$	(2,909	)	$	—	$	(1,741	)	$	256
Futures contracts - variation margin payable		2,077		(1,564	)		—		(15,146	)		—
Swaps contracts - variation margin payable		668		—			—		(11,629	)		—
Unrealized depreciation on foreign currency contracts		11,474		(7,244	)		—		—			4,230
Total subject to a master netting or similar arrangement	$	19,125	$	(11,717	)	$	—	$	(28,516	)	$	4,486

* Gross amounts are presented here as there are no amounts that are netted within the Statement of Assets and Liabilities.

Certain derivatives held by the Fund, as of October 31, 2014, are not subject to a master netting arrangement and are excluded from the table above. 

Principal Risks:

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.

The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension, foreign currency and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If the Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

37

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Federal Income Taxes:

Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a Regulated Investment Company ("RIC") under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders and otherwise complying with the requirements of the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2014. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies ("PFICs"), Real Estate Investment Trusts ("REITs"), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable):  

	For the Year Ended October 31, 2014		For the Year Ended October 31, 2013
Ordinary Income	$	31,704	$	31,789
Long-Term Capital Gains ‡		5,557		3,773

‡ The Fund designates these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(C).

As of October 31, 2014, the Fund’s components of distributable earnings (deficit) on a tax basis are as follows:   

	Amount
Undistributed Ordinary Income	$	86,661
Accumulated Capital and Other Losses*		(4,320	)
Unrealized Depreciation†		(52,222	)
Total Accumulated Earnings	$	30,119

* The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

† Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.

Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2014, the Fund recorded reclassifications to increase (decrease) the accounts listed below:

	Amount
Undistributed Net Investment Income (Loss)	$	74,587
Accumulated Net Realized Gain (Loss)		(74,587	)

38

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At October 31, 2014 (tax year end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows:

	Amount
Long-Term Capital Loss Carryforward	$	4,320
Total	$	4,320

Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress.

The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2014. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

Expenses:

Investment Management Agreement –  Hartford Funds Management Company, LLC ("HFMC") serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. ("The Hartford"). The investment manager has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for proper operation of the Fund. HFMC has contracted with Wellington Management Company, LLP ("Wellington Management") under a sub-advisory agreement for the provision of day-to-day investment management services to the Fund in accordance with the Fund’s investment objective and policies. The Fund pays a fee to the investment manager, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of October 31, 2014; the rates are accrued daily and paid monthly:

Average Daily Net Assets	Annual Fee
On first $250 million	0.7000%
On next $250 million	0.6500%
On next $4.5 billion	0.6000%
On next $5 billion	0.5750%
Over $10 billion	0.5725%

HFMC contractually agreed to waive investment management fees of 0.10% of average daily net assets until February 28, 2014. These amounts are deducted from expenses and are reported as expense waivers on the accompanying Statement of Operations, as applicable.

39

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of the Fund, HFMC provides accounting services to the Fund and receives monthly compensation based on the Fund’s average daily net assets at the rates set forth below. The Fund’s accounting services fees are accrued daily and paid monthly.

Average Daily Net Assets	Annual Fee
On first $5 billion	0.020%
On next $5 billion	0.015%
Over $10 billion	0.010%

Operating Expenses – Allocable expenses incurred by the Company are allocated to each Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. From March 1, 2014 through October 31, 2014, HFMC contractually limited the total operating expenses of this Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, through February 28, 2015 as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
1.05%	1.80%	0.80%	1.35%	1.05%	0.75%	0.70%

From November 1, 2013 through February 28, 2014, the investment manager contractually limited the total operating expenses of the Fund, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expense as follows:

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class Y
0.95%	1.70%	0.70%	1.25%	0.95%	0.65%	0.60%

Fees Paid Indirectly – The Fund's custodian bank has agreed to reduce its fees when the Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2014, this amount, if any, is included in the Statement of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers for the period listed below reflecting the reduction for fees paid indirectly is as follows:

	Year Ended October 31, 2014
Class A		0.99	%
Class C		1.73
Class I		0.74
Class R3		1.32
Class R4		1.02
Class R5		0.70
Class Y		0.64

Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect wholly owned subsidiary of The Hartford, is the principal underwriter and distributor of the Fund. HFD is engaged in distribution activities, which include marketing and distribution of shares through broker/dealers, financing distribution costs and maintaining financial books and records. For the year ended October 31, 2014, HFD received front-end load sales charges of $1,018 and contingent deferred sales charges of $77 from the Fund.

The Fund has adopted a Distribution and Service Plan in accordance with Rule 12b-1 of the 1940 Act to compensate the distributor (HFD) for activities intended to result in the sale and distribution of Class A, C, R3 and R4 shares and for providing services for

40

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

shareholders. The Rule 12b-1 plan applicable to Class A shares of the Fund provides for payment of a Rule 12b-1 fee of 0.25% of average daily net assets. Some or all of the fee may be used for shareholder servicing expenses with the remainder used for distribution expenses. Under the Class C Plan, the Fund pays the distributor 1.00% of the average daily net assets of Class C shares outstanding, 0.25% of which is intended as a fee for services provided to existing shareholders with the remainder used for distribution expenses. For Class C shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. Class R3 shares have a distribution fee of 0.50% of average daily net assets and Class R4 shares have a distribution fee of 0.25% of average daily net assets. For Class R3 and R4 shares, some or the entire fee may be remitted to broker/dealers for distribution and/or shareholder account services. The Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Board of Directors may determine.

Other Related Party Transactions – Certain officers of the Fund are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2014, a portion of the Fund’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to the Fund, as represented in other expenses on the Statement of Operations, was in the amount of $4. Hartford Administrative Services Company (“HASCO”), an indirect wholly-owned subsidiary of The Hartford, provides transfer agent services to the Fund. HASCO has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of average daily net assets per fiscal year for each class. Any transfer agency fee reimbursement is determined before considering the contractual operating expense limitation. For providing such services, HASCO is compensated on a per account basis that varies by account type, except with respect to Class Y, for which it is compensated based on average daily net assets. The amount paid to HASCO and any related contractual reimbursement amounts, if applicable, can be found in the Statement of Operations. These fees are accrued daily and paid monthly.

Administrative services fees are paid to HASCO for third-party recordkeeping services that are payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statement of Operations. These fees are accrued daily and paid monthly.

Affiliate Holdings:

As of October 31, 2014, affiliates of The Hartford had ownership of shares in the Fund as follows:

	Percentage of Class			Percentage of Fund
Class R5		26	%		—	%*

As of October 31, 2014, the Fund's shares were owned in aggregate by affiliated fund of funds. Therefore, the Fund may experience relatively large purchases or redemptions of its shares from these affiliated fund of funds. Affiliated fund of funds owned shares in the Fund as follows:

	Percentage of Fund
Class Y		7	%

* Percentage rounds to zero.

41

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

Investment Transactions:

For the year ended October 31, 2014, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

	Excluding U.S. Government Obligations		U.S. Government Obligations		Total
Cost of Purchases	$	5,111,405	$	461,956	$	5,573,361
Sales Proceeds		4,095,132		256,916		4,352,048

Capital Share Transactions:

The following information is for the year ended October 31, 2014, and the year ended October 31, 2013:

	For the Year Ended October 31, 2014										For the Year Ended October 31, 2013
	Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares			Shares Sold		Shares Issued for Reinvested Dividends		Shares Redeemed			Net Increase (Decrease) of Shares
Class A
Shares		30,986		630		(37,662	)		(6,046	)		40,051		785		(18,803	)		22,033
Amount	$	332,147	$	6,717	$	(404,598	)	$	(65,734	)	$	428,748	$	8,406	$	(200,562	)	$	236,592
Class C
Shares		5,908		107		(6,097	)		(82	)		11,839		185		(4,304	)		7,720
Amount	$	63,245	$	1,135	$	(65,152	)	$	(772	)	$	126,701	$	1,979	$	(45,742	)	$	82,938
Class I
Shares		145,529		1,341		(48,059	)		98,811			87,494		1,219		(44,043	)		44,670
Amount	$	1,563,851	$	14,351	$	(515,018	)	$	1,063,184		$	936,948	$	13,054	$	(470,726	)	$	479,276
Class R3
Shares		45		1		(25	)		21			27		2		(100	)		(71	)
Amount	$	488	$	7	$	(263	)	$	232		$	284	$	19	$	(1,076	)	$	(773	)
Class R4
Shares		18		—		(43	)		(25	)		60		1		(94	)		(33	)
Amount	$	202	$	2	$	(466	)	$	(262	)	$	640	$	15	$	(1,016	)	$	(361	)
Class R5
Shares		17		—		(31	)		(14	)		30		2		(115	)		(83	)
Amount	$	180	$	5	$	(334	)	$	(149	)	$	322	$	21	$	(1,241	)	$	(898	)
Class Y
Shares		27,680		672		(12,368	)		15,984			19,928		601		(6,835	)		13,694
Amount	$	297,294	$	7,191	$	(132,794	)	$	171,691		$	212,249	$	6,437	$	(73,159	)	$	145,527
Total
Shares		210,183		2,751		(104,285	)		108,649			159,429		2,795		(74,294	)		87,930
Amount	$	2,257,407	$	29,408	$	(1,118,625	)	$	1,168,190		$	1,705,892	$	29,931	$	(793,522	)	$	942,301

Line of Credit:

The Fund is one of several Hartford Funds that participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended October 31, 2014, the Fund did not have any borrowings under this facility.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as HFD) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and

42

The Hartford World Bond Fund

Notes to Financial Statements – (continued)

October 31, 2014

(000’s Omitted)

distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. HIFSCO disputes the allegations and intends to defend vigorously.

In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. HFMC and HIFSCO dispute the allegations and intend to defend vigorously.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Fund because the Fund is not party to the suit.

Indemnifications:

Under the Company's organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and the federal securities laws. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company's maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Subsequent Events:

At the August 5-6, 2014 meeting, the Board of Directors approved the creation of Class R6 shares for the Fund. Class R6 shares launched on November 7, 2014. In connection with the launch of the Class R6 shares, an updated prospectus, dated November 7, 2014, and Statement of Additional Information, dated March 1, 2014, as amended November 7, 2014, for the Fund were filed with the U.S. Securities and Exchange Commission.

Effective December 1, 2014, pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. The costs and expenses of such delegation are borne by HASCO, not by the Fund.

43

The Hartford World Bond Fund

Financial Highlights

	- Selected Per-Share Data - (A)																						- Ratios and Supplemental Data -
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Invest- ments		Total from Investment Operations		Dividends from Net Investment Income			Distribu- tions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return(B)			Net Assets at End of Period (000's)		Ratio of Expenses to Average Net Assets Before Adjust- ments(C)			Ratio of Expenses to Average Net Assets After Adjust- ments(C)			Ratio of Net Investment Income (Loss) to Average Net Assets
For the Year Ended October 31, 2014
A	$	10.63	$	0.12	$	0.17	$	0.29	$	(0.13	)	$	(0.03	)	$	(0.16	)	$	10.76		2.74	%	$	422,689		1.02	%		0.99	%		1.15	%
C		10.61		0.04		0.17		0.21		(0.05	)		(0.03	)		(0.08	)		10.74		2.00			179,147		1.76			1.73			0.41
I		10.64		0.15		0.17		0.32		(0.16	)		(0.03	)		(0.19	)		10.77		3.03			1,966,455		0.76			0.74			1.40
R3		10.64		0.09		0.17		0.26		(0.10	)		(0.03	)		(0.13	)		10.77		2.42			759		1.39			1.32			0.82
R4		10.64		0.12		0.18		0.30		(0.13	)		(0.03	)		(0.16	)		10.78		2.80			725		1.07			1.02			1.12
R5		10.63		0.15		0.17		0.32		(0.16	)		(0.03	)		(0.19	)		10.76		3.03			226		0.79			0.70			1.42
Y		10.64		0.16		0.17		0.33		(0.17	)		(0.03	)		(0.20	)		10.77		3.11			517,167		0.67			0.64			1.50
For the Year Ended October 31, 2013
A	$	10.77	$	0.10	$	0.06	$	0.16	$	(0.18	)	$	(0.12	)	$	(0.30	)	$	10.63		1.47	%	$	481,684		1.03	%		0.93	%		0.95	%
C		10.76		0.02		0.05		0.07		(0.10	)		(0.12	)		(0.22	)		10.61		0.67			177,802		1.77			1.67			0.21
I		10.78		0.13		0.05		0.18		(0.20	)		(0.12	)		(0.32	)		10.64		1.71			891,048		0.79			0.69			1.19
R3		10.78		0.06		0.05		0.11		(0.13	)		(0.12	)		(0.25	)		10.64		1.03			519		1.40			1.25			0.60
R4		10.78		0.10		0.05		0.15		(0.17	)		(0.12	)		(0.29	)		10.64		1.40			976		1.08			0.95			0.92
R5		10.77		0.13		0.06		0.19		(0.21	)		(0.12	)		(0.33	)		10.63		1.73			372		0.79			0.65			1.18
Y		10.78		0.14		0.05		0.19		(0.21	)		(0.12	)		(0.33	)		10.64		1.81			340,669		0.68			0.58			1.30
For the Year Ended October 31, 2012
A	$	10.32	$	0.10	$	0.59	$	0.69	$	(0.20	)	$	(0.04	)	$	(0.24	)	$	10.77		6.79	%	$	250,916		1.11	%		0.95	%		0.95	%
C		10.31		0.02		0.60		0.62		(0.13	)		(0.04	)		(0.17	)		10.76		6.12			97,235		1.83			1.67			0.19
I		10.32		0.12		0.60		0.72		(0.22	)		(0.04	)		(0.26	)		10.78		7.11			421,508		0.86			0.70			1.14
R3		10.32		0.09		0.57		0.66		(0.16	)		(0.04	)		(0.20	)		10.78		6.51			1,297		1.51			1.25			0.85
R4		10.32		0.12		0.57		0.69		(0.19	)		(0.04	)		(0.23	)		10.78		6.82			1,345		1.21			0.95			1.15
R5		10.32		0.15		0.56		0.71		(0.22	)		(0.04	)		(0.26	)		10.77		7.03			1,276		0.91			0.65			1.45
Y		10.32		0.12		0.61		0.73		(0.23	)		(0.04	)		(0.27	)		10.78		7.18			197,637		0.73			0.57			1.12
From May 31, 2011 (commencement of operations), through October 31, 2011
A(D)	$	10.00	$	0.09	$	0.28	$	0.37	$	(0.05	)	$	–		$	(0.05	)	$	10.32		3.74	%(E)	$	33,346		1.27	%(F)		0.85	%(F)		1.93	%(F)
C(D)		10.00		0.05		0.28		0.33		(0.02	)		–			(0.02	)		10.31		3.33	(E)		9,175		2.03	(F)		1.61	(F)		1.18	(F)
I(D)		10.00		0.09		0.29		0.38		(0.06	)		–			(0.06	)		10.32		3.84	(E)		24,552		1.01	(F)		0.59	(F)		2.10	(F)
R3(D)		10.00		0.07		0.29		0.36		(0.04	)		–			(0.04	)		10.32		3.58	(E)		2,071		1.72	(F)		1.25	(F)		1.64	(F)
R4(D)		10.00		0.09		0.28		0.37		(0.05	)		–			(0.05	)		10.32		3.70	(E)		2,073		1.42	(F)		0.95	(F)		1.94	(F)
R5(D)		10.00		0.10		0.28		0.38		(0.06	)		–			(0.06	)		10.32		3.83	(E)		2,076		1.12	(F)		0.65	(F)		2.24	(F)
Y(D)		10.00		0.10		0.28		0.38		(0.06	)		–			(0.06	)		10.32		3.85	(E)		9,344		1.02	(F)		0.60	(F)		2.29	(F)

See Portfolio Turnover information on the next page.

44

The Hartford World Bond Fund

Financial Highlights – (continued)

(A) Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

(B) Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge.  Total return would be reduced if sales charges were taken into account.

(C) Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

(D) Commenced operations on May 31, 2011.

(E) Not annualized.

(F) Annualized.

	Portfolio Turnover Rate for All Share Classes
For the Year Ended October 31, 2014		140	%
For the Year Ended October 31, 2013		129
For the Year Ended October 31, 2012		191
From May 31, 2011 (commencement of operations) through October 31, 2011		50	(A)

(A) Not annualized.

45

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

The Hartford Mutual Funds, Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of The Hartford World Bond Fund (one of the portfolios constituting The Hartford Mutual Funds, Inc. (the Funds)) as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Funds’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, agent banks and brokers or by other appropriate auditing procedures where replies from agent banks and brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Hartford World Bond Fund of The Hartford Mutual Funds, Inc. at October 31, 2014, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

Minneapolis, Minnesota

December 18, 2014

46

The Hartford World Bond Fund

Directors and Officers (Unaudited)

The Board of Directors of the Company (the "Directors") appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies formulated by the Directors. Each Director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.

Directors and officers who are employed by or who have a financial interest in The Hartford Financial Services Group, Inc. ("The Hartford") are considered “interested” persons of the Fund pursuant to the 1940 Act. Each officer and two of the Company's Directors, as noted in the chart below, are “interested” persons of the Fund. Each Director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of October 31, 2014, collectively consist of 66 funds. Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087, except that correspondence to Mr. Annoni, Mr. Dressen and Ms. Quade may be sent to 500 Bielenberg Drive, Suite 500, Woodbury, Minnesota 55125.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with the Company and date first elected or appointed to The Hartford Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"), principal occupation, and, for Directors, other directorships held. The Fund’s Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022.

Information on the aggregate remuneration paid to the directors of the Company can be found in the Statement of Operations herein. The Fund pays to The Hartford a portion of the Chief Compliance Officer’s compensation, but does not pay salaries or compensation to any of its other officers or Directors who are employed by The Hartford.

Non-Interested Directors

Hilary E. Ackermann (1956) Director since September 23, 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong is a private investor. Mr. Birdsong currently serves as a Director of the Sovereign High Yield Investment Company (April 2010 to current). Mr. Birdsong currently serves as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to current). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Robert M. Gavin, Jr. (1940) Director since 2002 (MF) and 1986 (MF2), Chairman of the Board for each since 2004

Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.

Duane E. Hill (1945) Director since 2001 (MF) and 2002 (MF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee currently serves as a member of the Board of Directors of Broadridge Financial Solutions as well as a Trustee of Muhlenberg College.

47

The Hartford World Bond Fund

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee since 2005

In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (MF) and 2000 (MF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. ("HFMG"). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Lowndes A. Smith* (1939) Director since 1996 (MF) and 2002 (MF2)

Mr. Smith served as Vice Chairman of The Hartford from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group Ltd. (October 2003 to current); One Beacon Insurance (October 2006 to current); Symetra Financial (August 2007 to current) and is a Managing Director of Whittington Gray Associates (January 2007 to current).

* Mr. Smith resigned as a Director of MF, MF2, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and as a Trustee of The Hartford Alternative Strategies Fund effective September 17, 2014.

Other Officers

Mark A. Annoni (1964) Vice President, Controller and Treasurer since 2012

Mr. Annoni currently serves as the Assistant Vice President of HLIC (February 2004 to present) and Senior Vice President of HFMG (December 2013 to present). Mr. Annoni has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Annoni joined The Hartford in 2001.

48

The Hartford World Bond Fund

Directors and Officers (Unaudited) – (continued)

Michael R. Dressen (1963) AML Compliance Officer since 2011

Mr. Dressen currently serves as Assistant Vice President of HLIC. He also serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Mr. Dressen has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

Martin A. Swanson** (1962) Vice President since 2010

Mr. Swanson currently serves as Vice President of HLIC. Mr. Swanson also serves as Managing Director, Chief Marketing Officer and Principal of HFD and Managing Director of HFMG. Mr. Swanson has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds.

** Mr. Swanson resigned as an officer effective November 6, 2014.

HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

49

The Hartford World Bond Fund

Federal Tax Information (Unaudited)

For the fiscal year ended October 31, 2014, there is no further federal tax information required for this Fund.

50

The Hartford World Bond Fund

Expense Example (Unaudited)

Your Fund's Expenses

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of April 30, 2014 through October 31, 2014.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use the information in this column, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to the Fund's annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

	Actual return						Hypothetical (5% return before expenses)
	Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Beginning Account Value April 30, 2014		Ending Account Value October 31, 2014		Expenses paid during the period April 30, 2014 through October 31, 2014		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class A	$	1,000.00	$	1,010.50	$	5.16	$	1,000.00	$	1,020.08	$	5.18		1.02	%		184		365
Class C	$	1,000.00	$	1,006.90	$	8.91	$	1,000.00	$	1,016.33	$	8.95		1.76			184		365
Class I	$	1,000.00	$	1,012.00	$	3.88	$	1,000.00	$	1,021.35	$	3.90		0.76			184		365
Class R3	$	1,000.00	$	1,009.00	$	6.84	$	1,000.00	$	1,018.39	$	6.87		1.35			184		365
Class R4	$	1,000.00	$	1,011.20	$	5.33	$	1,000.00	$	1,019.91	$	5.35		1.05			184		365
Class R5	$	1,000.00	$	1,012.00	$	3.81	$	1,000.00	$	1,021.42	$	3.83		0.75			184		365
Class Y	$	1,000.00	$	1,012.30	$	3.39	$	1,000.00	$	1,021.83	$	3.41		0.67			184		365

51

The Hartford World Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 5-6, 2014, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc., including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement for The Hartford World Bond Fund (the “Fund”) with Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and the Fund’s sub-adviser, Wellington Management Company, LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 5-6, 2014 meeting, the Board requested, received and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. The Board considered information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 17-18, 2014 and August 5-6, 2014. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to the Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 17-18, 2014 and August 5-6, 2014 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to the Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Fund’s management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for the Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to the Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Fund, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Fund. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Fund and other Hartford Funds.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information on each Adviser’s compliance policies and procedures, compliance history, and a report from the Fund’s Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Fund’s compliance control structure, particularly the resources devoted by the Advisers in support of the Fund’s obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Agreements, HFMC is responsible for the management of the Fund, including oversight of fund operations and service providers, and provides administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ approximately 66 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the

52

The Hartford World Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Fund and the service providers to the Fund. The Board also considered HFMC’s oversight of compliance with the Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Fund’s officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Fund, the Board considered the quality of the Fund’s portfolio managers, the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of the Fund’s portfolio managers, the number of accounts managed by the portfolio managers, and the Sub-adviser’s method for compensating the portfolio managers.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by HFMC and the Sub-adviser.

Performance of the Fund and the Advisers

The Board considered the investment performance of the Fund. In this regard, the Board reviewed the performance of the Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of the Fund to an appropriate benchmark and universe of peer funds. The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-year period.

The Board considered the detailed investment analytics reports provided by Hartford Funds’ Investment Advisory Group throughout the year. These reports include, among other things, information on the Fund’s gross and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of the Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Fund.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to the Fund and HFMC’s profitability, both overall and for the Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to the Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that Hartford Funds’ process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant performed a full review of this process in light of the recent restructuring of the Hartford Funds business and reported that the approach to analyzing Fund profitability, including the use of common expense allocation methodologies, is reasonable, sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Fund would not be excessive.

53

The Hartford World Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by the Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for the Fund, and total operating expenses for the Fund. With respect to the sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing the Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. The Board considered that the Fund’s contractual management fee and actual management fee were in the 4^th quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile. The Board noted that the Fund has an automatically renewable contractual expense cap on each share class. The expense cap resulted in reimbursement of certain expenses incurred in 2013.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of the Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to the Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that the Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to the Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for the Fund, which reduce fee rates as Fund assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also considered that expense limitations and fee waivers that reduce the Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if Fund assets decline. The Board recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower transfer agent costs and other operating expenses.

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in Fund assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Fund.

The Board noted that HFMC receives fees for fund accounting and related services from the Fund, and the Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Fund, and the Board reviewed information on the profitability of

54

The Hartford World Bond Fund

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

the Fund’s transfer agency function to HASCO. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Fund were fair and reasonable based on publicly available information.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Fund. As principal underwriter, HFD receives 12b-1 fees from the Fund and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also noted that certain affiliates of HFD distribute shares of the Fund and receive compensation in that connection.

The Board considered the benefits, if any, to the Sub-adviser from any use of the Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser would not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in the Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the family with a broad range of investment styles and asset classes and its entrepreneurial risk in initiating new funds to expand these opportunities for shareholders.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.

55

The Hartford World Bond Fund

Main Risks (Unaudited)

The main risks of investing in the Fund are described below.

Market, Selection and Strategy Risk: The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the sub-adviser's investment strategy does not perform as expected, the Fund could underperform its peers or lose money. There is no guarantee the Fund will achieve its stated objective.

Fixed Income Risk: The Fund is subject to interest rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early). These risks also apply to the Fund’s investments in U.S. government securities, which may not be guaranteed by the U.S. government.

Foreign Investment, Emerging Markets and Sovereign Debt Risk: Investments in foreign securities may be riskier than investments in U.S. securities. Potential risks include the risks of illiquidity, increased price volatility, less government regulation, less extensive and less frequent accounting and other reporting requirements, unfavorable changes in currency exchange rates, and economic and political disruptions. These risks are generally greater for investments in emerging markets. Sovereign debt investments are subject to credit risk and the risk of default.

Junk Bond Risk: Investments in junk bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Mortgage-Backed Securities Risk: Mortgage-backed securities are subject to interest rate risk, credit risk, prepayment risk, extension risk, and the risk that an investment’s value may be reduced or become worthless if it receives interest or income payments only after other investments in the same pool.

Active Trading Risk: Actively trading investments may result in higher costs and higher taxable income.

Non-Diversified Risk: The Fund is non-diversified, so it may be more exposed to the risks associated with individual issuers than a diversified fund.

56

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible: a) management; b) use; and c) protection; of Personal Information.   This notice describes how we collect, disclose, and protect Personal Information.   We collect Personal Information to: a) service your Transactions with us; and b) support our business functions.   We may obtain Personal Information from: a) You; b) your Transactions with us; and c) third parties such as a consumer-reporting agency.   Based on the type of product or service You apply for or get from us, Personal Information such as: a) your name; b) your address; c) your income; d) your payment; or e) your credit history; may be gathered from sources such as applications, Transactions, and consumer reports.   To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as: a) our insurance companies; b) our employee agents; c) our brokerage firms; and d) our administrators.   As allowed by law, we may share Personal Financial Information with our affiliates to: a) market our products; or b) market our services; to You without providing You with an option to prevent these disclosures.   We may also share Personal Information, only as allowed by law, with unaffiliated third parties including: a) independent agents; b) brokerage firms; c) insurance companies; d) administrators; and e) service providers; who help us serve You and service our business.   When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as: a) taking surveys; b) marketing our products or services; or c) offering financial products or services under a joint agreement between us and one or more financial institutions.   We, and third parties we partner with, may track some of the pages You visit through the use of: a) cookies; b) pixel tagging; or c) other technologies; and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.   We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to: a) “opt-out;” or b) “opt-in;” as required by law.   We only disclose Personal Health Information with: a) your proper written authorization; or b) as otherwise allowed or required by law.   Our employees have access to Personal Information in the course of doing their jobs, such as: a) underwriting policies; b) paying claims; c) developing new products; or d) advising customers of our products and services.  

We use manual and electronic security procedures to maintain: a) the confidentiality; and b) the integrity of; Personal Information that we have. We use these procedures to guard against unauthorized access.   Some techniques we use to protect Personal Information include: a) secured files; b) user authentication; c) encryption; d) firewall technology; and e) the use of detection software.   We are responsible for and must: a) identify information to be protected; b) provide an adequate level of protection for that data; c) grant access to protected data only to those people who must use it in the performance of their job-related duties.   Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.   At the start of our business relationship, we will give You a copy of our current Privacy Policy.   We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.   We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.   As used in this Privacy Notice:   Application means your request for our product or service.   Personal Financial Information means financial information such as: a) credit history; b) income; c) financial benefits; or d) policy or claim information.   Personal Health Information means health information such as: a) your medical records; or b) information about your illness, disability or injury.   Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and b) Personal Health Information.   Transaction means your business dealings with us, such as: a) your Application; b) your request for us to pay a claim; and c) your request for us to take an action on your account.   You means an individual who has given us Personal Information in conjunction with: a) asking about; b) applying for; or c) obtaining; a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.  

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; Champlain Life Reinsurance Company; DMS R, LLC; Eloy R, LLC; Ersatz Corporation; First State Insurance Company; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; Hartford Equity Sales Company, Inc.; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Funds Distributors, LLC; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Mezzanine Investors I, LLC; Hartford Residual Market, L.C.C.; Hartford Retirement Services, LLC; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters Insurance Company; Hartford Technology Services Company, L.L.C.; Hartford of Texas General Agency, Inc.; Hartford Underwriters General Agency, Inc.; HARTRE Company, L.C.C.; HL Investment Advisors, LLC; HLA LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; M-CAP Insurance Agency, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC: Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; White River Life Reinsurance Company.

HPP Revised January 2014

HARTFORDFUNDS

hartfordfunds.com

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material.

This report is submitted for the general information of the shareholders of the Fund. It is not authorized for distribution unless preceded or accompanied by a current prospectus for the Fund.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

MFAR-WB14 12/14 114015-3 Printed in U.S.A.

Item 2. Code of Ethics.

(a) The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. A copy of the code of ethics is filed herewith.

(c) There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description.

(d) The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions.

Item 3. Audit Committee Financial Expert.

The Board of Directors of the Registrant has designated Phillip O. Peterson as an Audit Committee Financial Expert. Mr. Peterson is considered by the Board to be an independent director.

Item 4. Principal Accountant Fees and Services.

(a) Audit Fees: The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were:

$715,215 for the fiscal year ended October 31, 2013; $712,021 for the fiscal year ended October 31, 2014.

(b) Audit Related Fees: The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were:

$22,160 for the fiscal year ended October 31, 2013; $25,614 for the fiscal year ended October 31, 2014. Audit-related services principally in connection with Rule 17Ad-13 under the Securities and Exchange Act of 1934.

(c) Tax Fees: The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were:

$234,461 for the fiscal year ended October 31, 2013; $203,826 for the fiscal year ended October 31, 2014. Tax-related services are principally in connection with, but not limited to, general tax services, excise tax and Passive Foreign Investment Company (PFIC) analysis.

(d) All Other Fees: The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were:

$0 for the fiscal year ended October 31, 2013; $0 for the fiscal year ended October 31, 2014.

(e) (1) The Pre-Approval Policies and Procedures (the “Policy”) adopted by the Audit Committee of the Registrant (also, the “Fund”) sets forth the procedures pursuant to which services performed by the Independent Auditor for the Registrant may be pre-approved. The following are some main provisions from the Policy.

1. The Audit Committee must pre-approve all audit services and non-audit services that the Independent Auditor provides to the Fund.

2. The Audit Committee must pre-approve any engagement of the Independent Auditor to provide non-audit services to any Service Affiliate (which is defined to include any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Fund) during the period of the Independent Auditor’s engagement to provide audit services to the Fund, if the non-audit services to the Service Affiliate directly impact the Fund’s operations and financial reporting.

3. The Audit Committee shall pre-approve certain non-audit services to the Fund and its Service Affiliates pursuant to procedures set forth in the Policy.

4. The Audit Committee, from time to time, may designate one or more of its members who are Independent Directors (each a “Designated Member”) to consider, on the Audit Committee’s behalf, any non-audit services, whether to the Fund or to any Service Affiliate, that have not been pre-approved by the Audit Committee. In considering any requested non-audit services or proposed material change in such services, the Designated Member shall not authorize services which would exceed $50,000 in fees for such services. Any action by the Designated Member in approving a requested non-audit service shall be reported to the Audit Committee not later than at its next scheduled meeting.

The Independent Auditor may not provide specified prohibited non-audit services set forth in the Policy to the Fund, the Fund’s investment adviser, the Service Affiliates or any other member of the investment company complex.

(e) (2) One hundred percent of the services described in items 4(b) through 4(d) were approved in accordance with the Audit Committee's Pre-Approval Policy. As a result, none of such services was approved pursuant to paragraph (c) (7) (i) (c) of Rule 2-01 of Regulation S-X.

(f) None of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the year ended October 31, 2014, were attributed to work performed by persons other than the principal accountant's full-time, permanent employees.

(g) The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were:

Non-Audit Fees: $3,731,461 for the fiscal year ended October 31, 2013; $1,646,194 for the fiscal year ended October 31, 2014.

(h) The registrant’s audit committee of the board of directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments

(a) The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the annual report filed under Item 1 of this form.

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since registrant last provided disclosure in response to this requirement.

Item 11. Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are generally effective to provide reasonable assurance, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that have materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits.

(a)(1) Code of Ethics

(a)(2) Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(a)(3) Not applicable

(b) Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	THE HARTFORD MUTUAL FUNDS, INC.
Date: December 16, 2014	By: /s/ James E. Davey__________
	James E. Davey, President and
	Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Date: December 16, 2014	By: /s/ James E. Davey___________
	James E. Davey, President and
	Chief Executive Officer
Date: December 16, 2014	By: /s/ Mark A. Annoni___________
	Mark A. Annoni, Vice President,
	Treasurer and Controller

EX-99.CODE ETH

THE HARTFORD MUTUAL FUNDS, INC.

THE HARTFORD MUTUAL FUNDS II, INC.

THE HARTFORD ALTERNATIVE STRATEGIES FUND

HARTFORD SERIES FUND, INC.

HARTFORD HLS SERIES FUND II, INC.

CODE OF ETHICS

I. Introduction

The Boards of Directors/Trustees of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., The Hartford Alternative Strategies Fund, Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each, a “Fund”) have established this Code of Ethics (“Code”) in accordance with the Sarbanes-Oxley Act of 2002 and the rules promulgated thereunder. This Code does not supersede or otherwise affect the separate code of ethics that the Fund has adopted pursuant to Rule 17j-1 under the Investment Company Act of 1940, as amended (“1940 Act”).

This Code is designed to deter wrongdoing and promote: (i) honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; (ii) full, fair, accurate, timely, and understandable disclosure in reports and documents that the Fund files with, or submits to, the Securities and Exchange Commission (“SEC”) and in other public communications made by the Funds; (iii) compliance with applicable governmental laws, rules, and regulations; (iv) the prompt internal reporting of violations of the Code to an appropriate person or persons; and (v) accountability for adherence to the Code. The Code applies to each Fund’s Chief Executive Officer, Chief Financial Officer, and Chief Accounting Officer (collectively, “Covered Officers”). For the purposes of this Code, the Compliance Officer is the Fund’s Chief Compliance Officer or delegate..

II. Principles of Honest and Ethical Conduct

A. General Objectives

The Fund expects all Covered Officers to adhere to the highest possible standards of honest and ethical conduct. All Covered Officers are expected to handle actual or apparent conflicts of interest between personal and professional relationships in a manner that is above reproach.

B. Conflicts of Interest

All Covered Officers should be scrupulous in avoiding a conflict of interest with regard to the Fund’s interests. A conflict of interest occurs when an individual’s private interest interferes in any way — or even appears to interfere — with the interests of the Fund. A conflict situation can arise when a Covered Officer takes actions or has interests that may make it difficult to perform his or her work for the Fund objectively and effectively. Conflicts of interest also arise when a Covered Officer, or a member of his or her family, receives improper benefits as a result of his or her position with the Fund, whether such benefits are received from the Fund or a third party. Any conflict of interest that arises in a specific situation or transaction must be disclosed by the Covered Officer and resolved before taking any action.

Conflicts of interest may not always be evident, and Covered Officers should consult with the Compliance Officer or the Fund’s legal counsel if they are uncertain about any situation.

Examples of possible conflicts of interest include:

1. Outside Employment or Activities

Covered Officers may not engage in any outside employment or activity that interferes with their performance or responsibilities to the Fund or is otherwise in conflict with or prejudicial to the Fund. A Covered Officer must disclose to the Compliance Officer any outside employment or activity that may constitute a conflict of interest.

2. Gifts

Covered Officers and their immediate families shall not accept any benefit, gift, personal favor, discount, remuneration or entertainment the nature of which goes beyond those courtesies usually associated with accepted business practice or which raise any implication that could be construed as affecting their judgment or decision-making process on behalf of the Fund or any person connected therewith.

3. Other Situations

Because other conflicts of interest may arise, it would be impractical to attempt to list all possible situations in this Code. If a proposed transaction or situation raises any questions or doubts, a Covered Officer should consult with the Compliance Officer or Fund counsel.

C. Corporate Opportunities

Covered Officers may not exploit for their own personal gain opportunities that are discovered through the use of Fund property, information, or position, unless the opportunity is disclosed fully in writing to the Board of Directors/Trustees and the Board of Directors/Trustees declines to pursue such opportunity.

III. Full, Fair, Accurate, Timely, and Understandable Disclosure in Fund Disclosure and Reporting Documents.

As a registered investment company, it is of critical importance that the Fund’s public communications, reports, and SEC filings contain full, fair, accurate, timely, and understandable disclosure. Accordingly, Covered Officers are expected to consider it central to their roles as officers of the Fund to promote full, fair, accurate, timely, and understandable disclosure in the Fund’s public communications and reports, and in the documents that the Fund files with, or submits to, the SEC.

Depending on his or her position with the Fund, a Covered Officer may be called upon to provide necessary information to make the Fund’s public reports, communications, and SEC filings and submissions complete, fair, and understandable. The Fund expects Covered Officers to take this responsibility very seriously and to provide prompt and accurate answers to inquiries related to the Fund’s public disclosure requirements. Covered Officers may be asked to certify the accuracy of all responses and information provided for inclusion in the Fund’s public reports, communications, and SEC filings and submissions.

IV. Compliance With Applicable Governmental Rules and Regulations.

The Fund expects its Covered Officers to comply with all laws, rules, and regulations applicable to the Fund’s operations and business. Covered Officers should seek guidance whenever they are in doubt as to the applicability of any law, rule, or regulation, or regarding any contemplated course of action. Covered Officers should also make use of the various guidelines which the Fund and its service providers have prepared on specific laws and regulations. If in doubt on a course of action, a good guideline is “always ask first, act later” — if you are unsure of what to do in any situation, seek guidance before you act.

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As a registered investment company, the Fund is subject to regulation by the SEC and must comply with Federal securities laws and regulations, as well as other applicable laws. The Fund insists on strict compliance with the spirit and the letter of these laws and regulations. Each Covered Officer shall cooperate with Fund counsel, the Fund’s independent accountants, and the Fund’s other service providers with the goal of maintaining the Fund’s material compliance with applicable governmental rules and regulations.

Covered Officers are encouraged to attend courses and seminars for the purpose of keeping themselves apprised of developments relating to those governmental statutes, rules, and regulations applicable to the Fund.

Upon obtaining knowledge of any material violation of any applicable law, rule, or regulation by the Fund or a person acting with or on behalf of the Fund, a Covered Officer shall report such violation to the Compliance Officer, Fund counsel, or both. (See Section VI of the Code for a discussion of reporting Code violations.) Each Covered Officer shall cooperate or take such steps as may be necessary or appropriate to remedy any such material violation.

V. Confidentiality

Covered Officers must maintain the confidentiality of information entrusted to them by the Fund, except when disclosure is authorized by Fund counsel or required by laws or regulations. Whenever possible, Covered Officers should consult with Fund counsel if they believe they have a legal obligation to disclose confidential information. Confidential information includes all non-public information that might be of use to competitors, or harmful to the Fund or its shareholders, if disclosed. The obligation to preserve confidential information continues even after employment as a Covered Officer ends.

VI. Prompt Internal Reporting of Violations of the Code; Evaluation of Possible Violations; Determination of Sanctions

A.           Reporting to Compliance Officer. A Covered Officer shall promptly report knowledge of any material violation of this Code to the Compliance Officer. Any such report shall be in writing, and shall describe in reasonable detail the conduct that such Covered Officer believes to have violated this Code. The Compliance Officer shall also have the authority to draft a report of a suspected material violation of the Code, if no report is made by a Covered Officer.

B.           Evaluation of Reports. The Compliance Officer shall then consult with Fund counsel to the extent necessary to determine whether the reported conduct actually violates the Code, and, if there has been a violation of the Code, whether the violation causes, in the reasonable judgment of the Compliance Officer, a material adverse impact upon the Fund.

1.          No Material Adverse Impact on the Fund. If the Compliance Officer determines that the violation has not caused a material adverse impact upon the Fund, the Compliance Officer shall determine what sanctions, if any, may be appropriate for the violation. (See Section VIII of the Code for a discussion of possible sanctions.)

2.          Material Adverse Impact on the Fund. If the Compliance Officer determines that the violation has caused a material adverse impact upon the Fund, the Compliance Officer shall promptly notify the Board of such violation. The Board shall be entitled to consult with independent legal counsel to determine whether the violation actually has had a material adverse impact upon the Fund; to formulate sanctions, if any, appropriate for the violation; or for any other purpose that the Board, in its business judgment, determines to be necessary or advisable. (See Section VIII of the Code for a discussion of possible sanctions.)

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C.           Periodic Reports by Compliance Officer to Board of Directors/Trustees. The Compliance Officer shall report to the Board at each regularly scheduled Board meeting all violations of the Code (whether or not they caused a material adverse impact upon the Fund) and all sanctions imposed.

VII. Waivers of Provisions of the Code

A. Waivers. A waiver of a provision of this Code shall be requested whenever there is a reasonable likelihood that a contemplated action will violate the Code. Waivers will not be granted except under extraordinary or special circumstances.

The process of requesting a waiver shall consist of the following steps:

a. The Covered Officer shall set forth a request for waiver in writing. The request shall describe the conduct, activity, or transaction for which the Covered Officer seeks a waiver, and shall briefly explain the reason for engaging in the conduct, activity, or transaction.

b. The determination with respect to the waiver shall be made in a timely fashion by the Compliance Officer, in consultation with Fund counsel, and submitted to the Board for ratification.

c. The decision with respect to the waiver request shall be documented and kept in the Fund’s records for the appropriate period mandated by applicable law or regulation.

B. Disclosure of Waivers. To the extent required by applicable law, waivers (including “implicit waivers”) shall be publicly disclosed on a timely basis. An “implicit waiver” is defined as the Fund’s failure to take action within a reasonable period of time regarding a material departure from a provision of the Code that has been made known to an “executive officer” of the Fund. For this purpose, an “executive officer” is a Fund’s President or Chief Executive Officer, Vice President (who is in charge of a principal policymaking function), or any other person who performs similar policymaking functions for the Fund.

VIII. Accountability for Adherence to the Code

The matters covered in this Code are of the utmost importance to the Fund and its shareholders, and are essential to the Fund’s ability to conduct its business in accordance with its stated values. Covered Officers are expected to adhere to these rules in carrying out their duties for the Fund.

The Fund will, if appropriate, take action against any Covered Officer whose actions are found to violate this Code. Sanctions for violations of the Code may include, among other things, a requirement that the violator undergo training related to the violation, a letter of sanction, and/or suspension or termination of the employment of the violator. Where the Fund has suffered a loss because of violations of this Code or applicable laws, regulations, or rules, it may pursue its remedies against the individuals or entities responsible.

IX. Recordkeeping

A. General. The Fund requires accurate recording and reporting of information in order to make responsible business decisions. All of the Fund’s books, records, accounts and financial statements must be maintained in reasonable detail, must appropriately reflect the Fund’s transactions and must conform both to applicable legal requirements and to the Fund’s system of internal controls.

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B.           Code of Ethics Records. A copy of this Code, any amendments hereto, and any reports or other records created in relation to waivers of or amendments to provisions of this Code shall be kept as records of the Fund for six years from the end of the fiscal year in which such document was created. Such records shall be furnished to the SEC or its staff upon request.

X. Amendments to the Code

The Covered Officers and the Compliance Officer are encouraged to recommend improvements to this Code to the Board, and the Board may amend the Code in its discretion. In connection with any amendment to the Code, the Compliance Officer shall prepare a brief description of the amendment, in order that this description may be disclosed in accordance with applicable law and regulations.

Adopted: May 13, 2003, Revised February 2014

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EX-99.CERT

CERTIFICATION

I, James E. Davey, certify that:

1. I have reviewed this report on Form N-CSR of The Hartford Mutual Funds, Inc. (File Number 811-07589, CIK Number 0001006415);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 16, 2014

/s/ James E. Davey__________

James E. Davey, President and Chief Executive Officer

CERTIFICATION

I, Mark A. Annoni, certify that:

1. I have reviewed this report on Form N-CSR of The Hartford Mutual Funds, Inc. (File Number 811-07589, CIK Number 0001006415);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 16, 2014

/s/ Mark A. Annoni__________

Mark A. Annoni, Vice President, Treasurer and Controller

EX-99.906CERT

CERTIFICATION

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), each of the undersigned officers of The Hartford Mutual Funds, Inc. (the “Registrant”) does hereby certify, to such officer’s knowledge, that:

The Annual report on Form N-CSR of the Registrant for the period ended October 31, 2014 (the “Form N-CSR”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date:   December 16, 2014	By: /s/ James E. Davey_________
	James E. Davey, President and
	Chief Executive Officer
Date:  December 16, 2014	By: /s/ Mark A. Annoni_______
	Mark A. Annoni, Vice President,    Treasurer and Controller

This certification is being furnished to the Securities and Exchange Commission pursuant to Rule 30a-2(b) under the Investment Company Act of 1940, as amended, and 18 U.S.C. Section 1350 and is not being filed as part of the Report with the Securities and Exchange Commission.